National Football League Draft

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 CommitteeCompanies ActCorporate Affairs MinistryCorporate GovernanceCorporate lawInstitute of Chartered Accountants of IndiaNational Football League DraftOfficial Gazette

Ministry of Corporate Affairs releases third tranche of Draft Rules under Companies Act 2013

The Government in its implementation of the new Companies Act 2013 has moved ahead and issued the 3rd Tranche of Draft Rules under Companies Act 2013 which covers the proposal to set up a National Financial Reporting Authority (NFRA). The Draft Rules for following 3 chapters under the Companies Act 2013 has been made live for… Read More

Tags: Companies ActCompanies Act 2013Corporate Affairs Ministrycorporate social responsibilityFrench Section of the Workers' InternationalNational Football League DraftNFRATranche

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 accountantCompanies ActCorporate Affairs MinistryFeedBurnerGovernmentIndiaLawLimited liability partnershipNational Football League DraftRegistrar of Companies

Safe Harbour Rules under Section 92CB of IT Act Finalized

Safe Harbour Rules Finalized after Considering Comments of Various Stake Holders ; Rules to be Applicable for 5 Assessment Years Beginning from Assessment Year 2013-14  Section 92CB of the Income-tax Act provides for framing of safe harbour rules. The determination of arms length price u/s 92C or 92CA of the Act is subject to these… Read More

Tags: Business process outsourcingKPONational Football League DraftOrder of AustraliaPress ReleaseTaxTaxation in IndiaTPO

Government Constitutes Working Group for Drafting National Sports Development Bill, 2013

Transparency and good governance in sports federations of the country is imperative for development of sports in India. For this purpose, the government drafted a Sports Development Bill in 2011. It has now been decided that further consultations are required with the stake-holders on the provisions of the Bill. To facilitate the holding of such… Read More

Tags: Abhinav BindraBillElectoral CollegeIndiaNational Football League DraftUnited StatesWorking Group

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