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: FIPBforeign direct investmentForeign Investment Promotion BoardIndiaLimited liability partnershipLLPMumbaiSanofi-Synthelabo

No Objection Certificate (NOC) from the concerned regulator / Institute for LLP Name approval / incorporation

General Circular no. 40/2012 No. 17/202/2012 CL-V Government of India Ministry of Corporate Affairs 51h Floor, 'A' Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi Dated 17th December, 2012. To, All Regional Directors All Registrars of Companies Sir, Sub: - No Objection Certificate (NOC) from the concerned regulator / Institute for LLP Name approval /… Read More


MCA clarifies on Body Corporate for section 226(3)(a) of the Companies Act, 1956

General Circular No.30/2011 GOI MCA Dated: 26:05:2011 All the Regional Directors, All the Registrar of Companies Clarification regarding ˜Body Corporate™ for the purpose of section 226(3) (a) of the Companies Act, 1956 The Ministry of Corporate Affairs has received representation from the Institute of Chartered Accountants of India wherein they have stated that under section… Read More

Tag: LLP

LLP Firms cannot act as Statutory Auditors

In a sweeping circular by MCA, LLPs have been defined as Body Corporate for the limited purpose of clause (a) of sub- section 3) of section 226 of the Companies Act, 1956. Section 226 of the Companies specifies Qualifications and disqualifications of auditors. As per Sec 226, a person shall not be qualified for appointment as auditor… Read More

Tag: LLP

Central Govt. specifies LLP a body corporate

GOI, MCA, Notification dated 23.5.2011 In exercise of the powers conferred by clause (c) of sub- section (7) of section 2 of the Companies Act, 1956 (1 of 1956), the Central Governement hereby specifies, for the purpose of the said clause, the Limited Liability Partnership, a body corporate, incorporated under clause (1) of section 3… Read More

Tag: LLP

Workshop on Limited Liability Partnerships- A New Business Model

The growing Indian economy has acknowledged, appreciated the role played by the entrepreneurs as well as by the technical and professional manpower. It is felt oppurtune that entrepreneirship, knowledge and risk capital combine to provide a further impetus to India's economic growth.In this background a need has been felt for a new corporate form that would provide an alternative… Read More

Tags: Limited Liability PartnershipsLLP

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