Corporate Governance in listed entities – Amendments to Clauses 35B and 49 of the Equity Listing Agreement
CIRCULAR No. CIR/CFD/POLICY CELL/2/2014 dated April 17, 2014 1. Please refer to master circular No. SEBI/CFD/DIL/CG/2004/12/10 dated October 29, 2004 on Clause 49 of the Equity Listing Agreement. 2. The Companies Act, 2013 was enacted on August 30, 2013 which provides for a major overhaul in the Corporate Governance norms for all companies. The rules pertaining… Read More
Tag: Corporate Governance
SEBI Board Meeting – Tax related Policies for MFs, Review of Corporate Governance and other decisions
The SEBI Board met in New Delhi today and inter-alia took the following important decisions: I. Review of Corporate Governance norms in India for listed companies The Board has approved the proposals to amend the Listing Agreement with respect to corporate governance norms for listed companies. The amendments, inter-alia, propose to align the provisions of… Read More
Tags: Board of directors, Companies Act, Corporate Governance, India, Mutual fund, New Delhi, SEBI, Securities & Exchange Board of India
Procedure for Authorization of Related Party Transactions under the Companies Act, 2013 – The Conundrum that it is
Introduction Members of the professional fraternity are aware that the Companies Act 2013(hereinafter referred to as The Act) is being notified for implementation in a phased manner-not surprisingly though, considering its overwhelming slant and dependence on sub-ordinate Legislation in the form of Rules. As we write these lines, only 98 out of the 470 Sections … Read More
Tags: Audit Committee, Companies Act, Corporate Affairs Ministry, Corporate Governance, Corporate law, Institute of Chartered Accountants of India, National Football League Draft, Official Gazette
Assocham 6th National Conference on Companies Act 2013 at Ahmedabad
ASSOCHAM National Conferences on Companies Act 2013 - New Rules for the Game ----------------------------------------------------------------------------------- Overview The recently enacted Companies Act, 2013 is a historic piece of legislation aimed at improving transparency and accountability in India™s corporate sector. A part of the Act has already become effective with the notification of 98 sections and the draft Rules… Read More
Tags: Ahmedabad, ASSOCHAM, Companies Act, Corporate Affairs Ministry, Corporate Governance, corporate social responsibility, India, Spice Group
Corporate Ethics and Corporate Governance – Who will guard the guards?
(Speech delivered by Dr. (Smt) Deepali Pant Joshi, Executive Director, Reserve Bank of India at the National Institute of Securities Markets, Kolkata on 11th December, 2013) Introduction At the outset, let me congratulate the organisers for this topical choice of subject, one which concerns us all. I thank Director, National Institute of Securities Markets, Dr.Sandip Ghose… Read More
Tags: Board of directors, Chairman, Companies Act 1956, Corporate Governance, Corporation, National Institute of Securities Markets, Reserve Bank of India, Sarbanes–Oxley Act
MCA Measures to Prevent and Deal with Occurrence of Frauds
During the last three years and the current year (till date), the Ministry of Corporate Affairs has ordered investigations under section 235 and section 237 of the Companies Act, 1956 in 139 cases of alleged corporate frauds through the Serious Fraud Investigation Office (SFIO) of the Ministry. Giving this information in written reply to a question… Read More
Tags: Collective investment scheme, Companies Act, Companies Act 1956, Corporate Affairs Ministry, Corporate Governance, LokSabha, Sachin Pilot, West Bengal
Policy for Corporate Governance in India
On account of increasing importance of businesses to the economics and complexities of operating in an inter-dependent world necessitated this Ministry to constitute a Committee to formulate a Policy document on Corporate Governance under the Chairmanship of Shri Adi Godrej on 07.03.2012. The Committee has since submitted its report to the Central Government. Giving this information in… Read More
Tags: Business, Central Government, Companies Act, Consulting, Corporate Governance, India, Lok Sabha, Mergers & Acquisitions
ICSI Launches Corporate Compliance Executive Certificate
The Institute of Company Secretaries of India also launched the Corporate Compliance Executive Certificate on this Day, to create a cadre of Skills oriented compliance professionals to provide support services in the secretarial department of the companies. A Person who is registered student of ICSI and passed one group of the Intermediate /Executive program of… Read More
Tags: CompanySecretary, Corporate Affairs Ministry, Corporate Governance, Education, FeedBurner, India, Institute of Company Secretaries of India, Legal education
ICSI launches Primer on Companies Act 2013 on YouTube
On the occasion of ICSI Foundation Day (04.10.2013) , CS S. N. Ananthasubramanian, President, Council of the ICSI launches: "ICSI Primer on Companies Act 2013" on "YOUTUBE" Channel (http://www.youtube.com/user/icsicompaniesact2013) CS S.N Ananthasubramanian, President, Council of the ICSI, while launching the ICSI Primer on Companies Act 2013, said that , The Institute is undertaking a large number… Read More
Tags: Companies Act, CompanySecretary, Corporate Governance, corporate social responsibility, Dormant company, ICSI, India, YouTube
ICSI organizes Conference on Ethics and Corporate Governance
To create awareness and understand the importance of Ethics in Governance, the Institute of Company Secretaries of India (ICSI), in collaboration with National Institute of Securities Markets (NISM), in its series of conferences on the subject, organized a Conference on the theme ˜Ethics and Governance™ at Mumbai yesterday. Shri U. K. Sinha, Chairman, SEBI was… Read More
Tags: CompanySecretary, Corporate Governance, Ethics, ICSI, India, Institute of Company Secretaries of India, Mumbai, National Institute of Securities Markets
ICSI News:: Signs Tripartite MoU with West Bengal and Assocham for MSME growth
The Institute of Company Secretaries of India (ICSI), Department of Micro & Small Scale Enterprises and Textile, Government of West Bengal (MSSET) and Associated Chambers of Commerce and Industry (ASSOCHAM) have entered into a tripartite Memorandum of Understanding (TRI-MOU) for a larger cause of growth and development of the MSME sector in West Bengal. This… Read More
Tags: ASSOCHAM, Companies Act, Corporate Governance, India, Institute of Company Secretaries of India, Kiosk, Kolkata, West Bengal
ICSI, ICAI, ICWAI sign MoU with Ministry of Corporate Affairs for setting up Centre of Excellence and Ethics
An MOU was signed between the three Professional Institutes of the Ministry of Corporate Affairs viz., The Institute of Company Secretaries of India (represented through its President, Shri S. N. Ananthasubramanain) , The Institute of Cost Accountants of India (represented through its President, Shri Suresh Chandra Mohanty) and the Institute of Chartered Accountants of India… Read More
Tags: Ajmer, Corporate Affairs Ministry, Corporate Governance, Institute of Chartered Accountants of India, Institute of Company Secretaries of India, Institute of Cost Accountants of India, Professional development, Sachin Pilot
Factors Leading to Corporate Frauds and the Measures Taken by the Government to Check them
The Government has said that the reports appearing in a section of media indicate that a Section 25 Company, Thought Arbitrage Research Institute has published a study indicating inter alia occurrence of frauds in companies due to factors like inadequate internal control procedures, diversion of funds by promoters/ top management, failure of audit in detection… Read More
Tags: Company, Corporate Affairs Ministry, Corporate Governance, Fraud, Government, Lok Sabha, Sachin Pilot, Securities & Exchange Board of India