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State governments to monitor violation of FDI regulation in retail sector
TG Team
26 Nov 2009
0 comment
(01/01/1970)
It has directed them to create a “suitable mechanism” to hold periodic scrutiny against violation of Foreign Exchange Management Act (FEMA). The move comes after it was found that some foreign retail companies or joint ventures, which had permission to undertake only “cash & carry wholesale trading” were violating the rules. They ...
Posted Under:
Company Law
|
Articles
Class Action Lawsuit
TG Team
10 Nov 2009
0 comment
Class Action lawsuits have recently made to the front page news, more particularly in western countries. The reason being the sudden fall (bankruptcy) of financial industry giants like Freddie Mac, Wachovia, AIG to name a few and the consequent losses suffered by large number of investors amounting to millions of dollars....
Posted Under:
Company Law
|
Articles
Listed companies may soon have to get done Quarterly cost audit
TG Team
23 Sep 2009
0 comment
Quarterly cost audit by internal auditors in the listed companies should be explored in consultation with the market regulator SEBI to improve corporate governance, an expert group appointed by Corporate Affairs Ministry has suggested. “The possibility of introducing quarterly limited review of cost details, in case of listed compa...
Posted Under:
SEBI
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Articles
,
Featured
,
News
Companies Bill 2009: Governance, Accountability & Role of Company Secretary
TG Team
21 Sep 2009
0 comment
1. Key Managerial Personnel (Clause 178) (a) Definition As per clause 178, every company belonging to such class or description of companies as may be prescribed shall have Whole-Time Key Managerial Personnel (KMP)....
Posted Under:
Company Law
|
Articles
Meaning, reason and legal provisions related to Hostile Takeover
TG Team
19 Sep 2009
0 comment
What is meant by Hostile Takeover? Hostile Takeover is a type of acquisition in which, the company being purchased (Target Company) does not want to be purchased at all, or does not want to be purchased by a particular buyer (Acquirer) that is making a bid. In other words, the Acquirer intends to gain control […]...
Posted Under:
SEBI
|
Articles
Dual Listing meaning, problem & reasons for the same
TG Team
17 Sep 2009
0 comment
I recently heard that MTN will ask for Dual listing if Merger or takeover deal between Bharti and MTN happens. I wondered what this is all about as we haven’t witnessed such listing in India in past and neither I found any provisions of dual listing in our country’s law although government official some times […]...
Posted Under:
Company Law
|
Articles
e-payment of stamp duty in forms of ROC and frequently asked questions (FAQ)
TG Team
14 Sep 2009
0 comment
In furtherance of e-governance initiatives, provisions regarding stamp duty applicable on filing of e-forms have been amended and stakeholders shall have facility to pay stamp duty in electronic manner also. As of now, this process shall cover Form 1(including MoA, AoA), Form 5 and Form 44 only, accordingly revised eforms are being introd...
Posted Under:
Company Law
|
Articles
Requirement and procedure for obtaining commencement of business certificate
TG Team
09 Sep 2009
7 comments
Certificate of Commencement of Business: Procedural Analysis The date of incorporation of a company may not be the date of commencement of business. A private company and a public limited company not having share capital are not required to comply with any other formalities and may commence its business activities immediately after ob...
Posted Under:
Company Law
|
Articles
Provisions contained in Companies Bill, 2009 related to the profession of Company Secretaries
TG Team
08 Sep 2009
0 comment
1. Key Managerial Personnel (Clause 178) (a) Definition As per clause 178, every company belonging to such class or description of companies as may be prescribed shall have Whole-Time Key Managerial Personnel (KMP)....
Posted Under:
Company Law
|
Articles
ROC work may be outsourced to professionals such as chartered accountants and company secretaries
TG Team
27 Aug 2009
0 comment
To ensure higher accountability and transparency in auditing company books, the government now plans to outsource audit work to professionals such as chartered accountants and company secretaries. At present, it is undertaken by the Registrar of Companies’ offices across various cities....
Posted Under:
Company Law
|
Articles
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