Background The Government of India in order to strengthen the transparency norms has proposed an altogether new section 90 in the Companies (Amendment) Bill, 2017 which proposes to identify significant beneficial owner(s) of a company as any person or trust. The ministry, addressing the recommendation as given by financial action task force (FATF), has proposed… Continue reading BENEFICIAL OWNERSHIP – Proposed Amendment & Implication
Partner with “LexisNexis for Practical Guidance on Indian Company Law“ We are highly pleased to inform you about our partnership with “LexisNexis” ( an international publication house). We are one of the Indian Company Law partner of “Lexis Nexis” to their product “Lexis® Practical Guidance” which is an online workflow based practical solutions. We are supporting in… Continue reading Partner with “LexisNexis for Practical Guidance on Indian Company Law”
By maintaining its persistence efforts in making India as an active participant in development of world economy, the Central Government (Ministry of Corporate Affairs), has notified section 234 of the Companies Act, 2013 with effect from April 13, 2017 which states provisions for cross boarder merger. In order to supplement the said section, the MCA… Continue reading CROSS BOARDER MERGER- AN ADVANCE MOVE FOR INDIAN COMPANY
The demonetization of 500 and 1000 rupee banknotes is a step taken by the Government of India on 8th November 2016 to fight corruption and black money issues in the country. Starting from midnight of 8 November 2016, all 500 and 1000 rupee notes ceased to be accepted as a form of legal tender in… Continue reading A Giant Step to Boost Indian Economy: Demonetization of High Value 500 and 1000 Rupee Banknotes
FOREIGN DIRECT INVESTMENT ( FDI) BONANZA TO INDIAN ECONOMY : 2015 India is the fastest growing economy among major Nations. The World Bank has improved India’s ranking by 12 places in the 2016 Study of Ease of Doing Business. The Central Government has expressed its commitment towards three pillared aim of liberalization, ease of doing… Continue reading FOREIGN DIRECT INVESTMENT (FDI) BONANZA TO INDIAN ECONOMY: 2015
The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Securities and Exchange Board of India (‘SEBI’) with the power conferred by SEBI Act, 1992 notified the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations 2015’) on 2nd September, 2015, whereby an endeavor were… Continue reading Moving towards an era of Listing Regulations from Listing Agreement
ESOP AND SWEAT EQUITY UNDER COMPANIES ACT 2013 (BENEFIT TOOLS FOR THE EMPLOYEES OF THE COMPANIES) ESOPs and Sweat equity shares are the management techniques (tools) offered by the companies which act as an incentive scheme to the professionals of such companies. · CORE POINTS ON ESOPS AND SWEAT EQUITY– “Sweat equity shares” means such… Continue reading ESOP AND SWEAT EQUITY UNDER COMPANIES ACT 2013
MICRO SMALL & MEDIUM SCALE ENTERERPISES REGISTRATION & BENEFITS UNDER MSMED ACT The Micro Small & Medium Enterprises Development (MSMED) Act 2006 was become operational from 2nd October 2006. The Act replaces the concept of “Industry” with “Enterprises”. Consequent to the implementation of this act, SSI Registration process has been dispensed with. The entrepreneur files… Continue reading MICRO SMALL & MEDIUM SCALE ENTERERPISES REGISTRATION & BENEFITS UNDER MSMED ACT
1. Role and responsibilities of Directors In view of the fiduciary position held by directors, explicit provisions prescribing directors duties have been added to the new Act. These include keeping away from situations in which they have conflicting interest with that of the company, duty to make good in monetary terms any undue gain/advantage on… Continue reading The Companies Act, 2013 DIRECTORS
The beginning of new era of compliance has been embarked with the enactment of Companies Act, 2013. The Act has introduced several new concepts and has also tried to modernize many of the requirements by introducing new definitions. Introduction of stringent provisions with heavy penalties mandated the System of Compliance management in a company to… Continue reading “Governance, Compliances & Risk Management- Companies Act, 2013”
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