Operational Framework Introduction Introduced by SEBI Circular dated 23.06.2020 Purpose of the Operational Framework – It is a framework for transaction in defaulted debt securities post maturity date/redemption date under provisions of SEBI (Issue and Listing of Debt Securities) Regulations, 2008 Effective date of the circular is 01.07.2020 Detailed Operational Framework As we know the […]
SEBI vide Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/106 dated 24th June, 2020 has Further extended time for submission of financial results for the quarter/half year/financial year ending 31st March 2020 due to the continuing impact of the COVID-19 pandemic.
◊ BACKGROUND OF REVERSE CHARGE MECHANISM ♦ Reverse Charge Mechanism was first introduced in Service Tax Law. ♦ Now, the Government has incorporated RCM in GST. ♦ Government has notified not only supply of certain services but also supply of certain goods under RCM. ◊ OBJECTIVE OF REVERSE CHARGE MECHANISM ♦ Safeguard the interest of […]
MCA Circular No. 12/2020 dated 30/03/2020 In order to facilitate the compliance of various e-forms with MCA, MCA has introduced CFSS-2020 i.e. Companies Fresh Start Scheme, 2020. This scheme has been launched to give the opportunity to defaulting companies and to enable them to file belated documents and forms with MCA. Key points of this […]
Valuation refers to the process of determining the present value of the asset being valued. The need for valuation of shares arises while performing certain transactions such as issue of further shares in the form of Right shares, merger and acquisitions, transfer of undertaking, etc. Valuation is usually performed by Chartered Accountant, Cost Accountant, SEBI […]
Article Simplifies Provisions of Section 22 and Section 23 of CGST Act 2017 which deals prescribes Persons liable for GST registration and Persons not liable for registration. Section 22 – Persons liable for GST registration – (1) Every supplier shall be liable to be registered under this Act in the State or Union territory, other […]
‘Focus!’ shouted the teacher. Twenty pairs of eyes squinted even as their foreheads frowned, struggling to pay attention to a dull piece of historical information. Five minutes later, needless to say, some children were stifling their yawns, some doodling furtively on the chapter pages and some were having a hard time in keeping their eyes […]
As per Section 203 of The Companies Act 2013, Every listed company and every other companies having paid up share capital of rupees 10 crores or more shall have a whole time company secretary in their board.
The Companies Act, 2013 and the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (Takeover Regulations) define ‘control’ as inter alia the right to appoint majority of the directors or to control the management or policy decisions exercisable by a person or persons acting individually or in concert, directly or indirectly, including by virtue […]
Article contains Format of notice to issue Cumulative Convertible Preference Shares on on Private placement Basis (Preferential Allotment) and for Reclassification of the Authorized Share Capital of the Company along with format of Statement Pursuant To Section 102(1) Of The Companies Act, 2013 and Proxy Form. NOTICE OF EXTRAORDINARY GENERAL MEETING Notice is hereby given […]
