New Amendments in Securities Contracts (Regulation) Rules, 1957 with regards to LLPs
The Gazette of India EXTRAORDINARY PART II - SECTION 3 - SUB-SECTION (i) MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 24th October, 2013 G.S.R.705(E).-In exercise of the powers conferred by section 30 of the Securities Contracts (Regulation) Act, 1956, (42 of 1956), the Central Government hereby makes the following rules further… Read More
Tags: Gazette of India, India, Limited liability partnership, Ministry of Finance (India), New Delhi, Official Gazette, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992
MCA Extends feedback submission deadline for Companies Act 2013 Draft Rules Ph 1
The Ministry of Corporate Affairs has extended the last date for submission of feedback/suggestion on 1st phase of draft rules by 2 days, i.e., evening of 10-Oct-13. The Community has been advised to hurry with their suggestions. The system will not accept any suggestions thereafter. The Draft Rules can be Downloaded from the adjacent Link:… Read More
Tags: chartered accountant, Companies Act, Corporate Affairs Ministry, FeedBurner, Government, India, Law, Limited liability partnership, National Football League Draft, Registrar of Companies
Draft Rules under Companies Act 2013 :: XXVII :: National Company Law Tribunal and Appellate Tribunal
Click Here to download the Draft Rule for Chapter XXVII -------------------------------------------------------------------------------------------- DRAFT RULES UNDER COMPANIES ACT, 2013 CHAPTER XXVII NATIONAL COMPANY LAW TRIBUNAL RULES, 2013 In exercise of the powers conferred by section 469 read with section 408 of Companies Act, 2013 the Central Government hereby makes the following rules namely:- Part I Preliminary Short… Read More
Tags: Appellate Tribunal, Central Government, Companies Act, India, Indian Evidence Act, Limited liability partnership, Registrar of Companies, Reserve Bank of India
Draft Rules under Companies Act 2013 :: Chapter XXI :: Companies authorized to register under this Act
The Draft Rule for Chapter XXI can be downloaded from here -------------------------------------------------------------------------------------------- DRAFT RULES UNDER COMPANIES ACT, 2013 CHAPTER XXI PART I. Companies authorized to register under this Act 21.1. (1) For the purposes of sub-section (2) of section 366, the provision of Chapter II relating to name availability and incorporation of a company shall… Read More
Tags: Business, Companies Act, Companies Act 1956, Company, Corporate Affairs Ministry, Limited liability partnership, Registrar of Companies, Start Up
Draft Rules under Companies Act 2013 :: Chapter XVII :: Registered Valuers
Click Here to Download the Draft Rules for Chapter XVII -------------------------------------------------------------------------------------------- DRAFT RULES UNDER COMPANIES ACT, 2013 CHAPTER XVII REGISTERED VALUERS Definition 17.1 ˜Registered Valuer™ means a person registered as a Valuer under Chapter XVII of the Act. Registration as Valuers. 17.2 (1) For the purposes of sub-section (1) of section 247, the Central Government… Read More
Tags: Central Government, Companies Act, Competent authority, Corporate Affairs Ministry, finance, Government of India, Limited liability partnership, Securities and Exchange Board of India
RBI Clarification – NBFCs not to be Partners in Partnership Firms
RBI/2012-13/525 DNBS.PD/CC.No. 328/03.02.002/2012-13 June 11, 2013 All NBFCs Dear Sir, NBFCs not to be Partners in Partnership Firms- Clarifications NBFCs were advised vide CC No. 214/03.02.002/2010-11 dated March 30, 2011 that they are prohibited from contributing capital to any partnership firm or to be partners in partnership firms. In cases of existing partnerships, NBFCs were advised to… Read More
Tags: C.R. Samyuktha, CRS, Cuffe Parade, June 11 2013, Limited liability partnership, Mumbai, Non-banking financial company, Reserve Bank of India
Government Approves Eight FDI Proposals
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 12.04.2013 Following eight (8) proposals have been approved: Sl. No. Name of the applicant Particulars of the proposal FDI/NRIinflows (Rs. in crore) 1 M/s McKinsey & Company Inc. India, USA To set up an LLP to be engaged in providing management consultancy services. 0.99 2 M/s AWS TruepowerLLC, USA Induction of foreign equity to carry out the business of consultancy… Read More
Tags: FIPB, foreign direct investment, Foreign Investment Promotion Board, India, Limited liability partnership, New Delhi, NME, Proposals
Government Approves 17 Proposals of Foreign Direct Investment
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on March 13, 2013, the Central Government has approved Seventeen (17) proposals of Foreign Direct Investment amounting to Rs. 262.5594 crore approximately. Following are the details of proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 13.03.2013: Following Seventeen (17) proposals have been approved : Sl. No. Name of the applicant Particulars of the proposal FDI/NRIinflows (Rs. In crore) INDUSTRIAL POLICY & PROMOTION 1 Ms. Sonia Sharma and Mr. Harish Kumar Sharma Induction… Read More
Tags: FIPB, foreign direct investment, Foreign Investment Promotion Board, India, Limited liability partnership, LLP, Mumbai, Sanofi-Synthelabo
Consolidated FDI Policy – New Guidelines Released
The government is seeking to further simplify the foreign investment regime, by releasing a revised consolidated FDI policy guidelines. The changes include investments in sectors like single and multi-brand retail, power exchanges, asset reconstruction companies (ARCs), broadcasting, civil aviation, and non-banking financial companies (NBFCs). Changes in the Consolidated FDI Policy Guidelines Allows upto 51% inflows… Read More
Tags: Consolidated FDI Policy, FDI, foreign direct investment, India, Investment, Limited liability partnership, Memorandum of Association, Non-banking financial company, Pakistan