Category - Company Law

Participation by Shareholders in General Meetings under the Companies Act, 1956 through electronic mode

General Circular No. 27/2011, Dated: 20.05.2011All the Regional Directors,All the Registrar of Companies Subject: Green Initiative in the Corporate Governance Participation byshareholders In general meetings under the Companies Act, 1956 through electronic mode. Sir, The Ministry of Corporate Affairs has taken a Green Initiative in the Corporate Governance by allowing paperless compliance™s by the Companies… Read More

Tags: General Meetings through Video Conferencinggreen initiatives by MCAGreen initiatives in Corporate Governance

ROC to issues all cetificates under Digital Signatures

Issue of Certificate by Digital Signature- MCA Gen. Circular No. 29/2011; Dated 20.05.2011 All the Regional Directors ;All the Registrar of Companies Sub: Green Initiative in the Corporate Governance Issue of Certificate by Digital Signature The Ministry of Corporate Affairs has taken a Green Initiative in the Corporate Governance by allowing paperless compliances by the… Read More

Tag: Green initiatives in Corporate Governance

SEBI passed Consent order in a case against BP Equities alleged for Circular Trading

Market regulator SEBI today settled and passed a consent order in a case against B P Equities on payment of Rs 5 lakh for the company's alleged failure to exercise due diligence in conducting business as a broker. The case relates to allegations about B P Equities helping its clients to engage in circular trading.… Read More

MCA allows holding Board Meetings / General Meetings through Video Conferencing

Clarification on Green initiative in the Corporate Governance Participation by Directors in meetings of Board / Committee of Directors under the Companies Act, 1956 through electronic mode Green initiative in the Corporate Governance, the much talked about topic these days, brings another set of relaxation to the Registrar of Companies, the Directors and lastly the… Read More

Tags: General Meetings through Video Conferencinggreen initiatives by MCAGreen initiatives in Corporate Governance

Investors to hold MF units in demat form

CIRCULAR- CIR/IMD/DF/9/2011; Dated May 19, 2011 CLR Note: To protect the interests of Investors in securities and to promote the development of and to regulate the securities market, this circular has been passed so that the investors can hold the securities in the demat form by providing an option to the investors to mention demat account details in… Read More

MCA clarification on Certification of E- forms under the Companies Act by the practicing professionals

Corrigendum to Circular no. 14/2011 dated 8th April,2011 GOI, Ministry of Corporate Affairs All Regional Directors; All Registrar of Companies Subject: Certification of E- forms under the Companies Act, 1956 by the practicing professionals The undersigned is to draw the attention on the Circular no. 14/2011 dated 8.4.2011 of this Ministry on this subject cited… Read More

Tags: certification of eformseforms

Need for a Checklist for Directors’s Job Profile

Ahead of the new Companies Act, a seminar on ' Strategies of protecting Directors' had been initiated by CII in association with Raheja QBE Genral Insurance Company Ltd. and WIRC of ICAI to focus on having a checklist for professional directors which will be used as a standard yardstick by directors of various companies as the Companies Act is touted… Read More

SEBI plans to have a Call Centre for handling Investor Complaints

Market regulator Sebi, which receives well over 100 investor complaints a day, plans to initially have about 10 agents at its proposed call centre to be managed by an outside agency to redress such grievances. "It is estimated that the helpline services would require 10 persons initially to provide the nation wide helpline service to… Read More

SEBI – Adjustment of differential pricing amount at the time of application for allotment of specified securities

SEBI CIRCULAR CIR/CFD/DIL/2/2011 May 16, 2011 CLR Note: The Securities and Exchange Board of India now offers its investors to take up shares at the differential pricing which would enable them to acquire more number of shares with the same money flow at the time of application itself. Sub.: Adjustment of differential pricing amount at the… Read More

Loan to Public Companies Under Section 295 of the Companies Act, 1956 Clarification

CLR Note:  The circular regarding Loan to Public Limited Companies under Section 295 has been issued by the MCA to avoid unnecessary applications being filed by Companies for approvals even when the Act does not require approval. This circular seeks to clarify the position. Relevant extracts of Section 295 are also reproduced below for cross… Read More

Tag: Section 295 Companies Act

Stakeholders invited for Compliance of provisions of the Companies Act, 1956

F.No. 17/146/2011-CL-V Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhavan Dr. R.P. Road, New Delhi-110001 Dated 12.05.2011 To All the Regional Directors, All the Registrar of Companies/ Official Liquidators The Stakeholder Sub: Compliance of provisions of the Companies Act, 1956 and Rules madethereunder. Sir, In order to ensure compliance of the provisions of the Companies… Read More

Self Clearing Member in the Currency Derivatives Segment

CIRCULAR CIR/DNPD/ 4 /2011 May 13, 2011 Recognized Stock Exchanges and their Clearing Corporations / Clearing Houses Dear Sir, Sub: Self Clearing Member in the Currency Derivatives Segment 1.  With regard to the newly created category of self clearing member, in the currency derivatives segment of a Stock Exchange, communicated vide notification no. LADNRO/GN/2011-12/01/11486 dated April  6, 2011,… Read More

SEBI -CHANGE IN CONDITIONS OF REGISTRATION OF CERTAIN INTERMEDIARIES) (AMENDMENT) REGULATIONS, 2011

THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI,  APRIL 19, 2011 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 13th April, 2011 SECURITIES AND EXCHANGE BOARD OF INDIA (CHANGE IN CONDITIONS OF REGISTRATION OF CERTAIN INTERMEDIARIES) (AMENDMENT) REGULATIONS, 2011 No. LAD/NRO/GN/2011-12/03/12650. - In exercise of the powers conferred by section 30 of… Read More

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