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
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 Act, Companies Act 2013, Corporate Affairs Ministry, corporate social responsibility, French Section of the Workers' International, National Football League Draft, NFRA, Tranche
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
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 outsourcing, KPO, National Football League Draft, Order of Australia, Press Release, Tax, Taxation in India, TPO
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 Bindra, Bill, Electoral College, India, National Football League Draft, United States, Working Group
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