Rajya Sabha | Corporate Law Reporter

Penalties Imposed by the Competition Commission of India

Up to 25.11.2013, the Competition Commission of India has imposed penalty of Rs. 8024.18 crore on 154 parties in various cases out of which an amount of Rs. 19.37 crore has been recovered and deposited in Government Account from 58 parties. Giving this information in written reply to a question in the Rajya Sabha today,… Read More

Tags: Bill, Corporate Affairs Ministry, India, India's Competition Commission, List of Latin phrases (I), LokSabha, Rajya Sabha, Sachin Pilot

Amendment of Accounting Standards

Examination of various Rules and Accounting Standards under the Companies Act, 2013 is an ongoing process. Giving this information in written reply to a question in the Rajya Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that Accounting Standards are amended from time to time keeping in view the requirements of the situation.… Read More

Tags: Companies Act, Companies Act 1956, Corporate Affairs Ministry, LokSabha, Minister of Corporate Affairs, Rajya Sabha, Sachin Pilot, Shri Sachin Pilot

Use of Unclaimed Funds Lying With Companies

As specified in Section 205C of the Companies Act, 1956, companies are required to transfer such amounts as have remained unclaimed and unpaid on account of dividends, matured deposits and debentures with companies for a period of seven years from the date that they become due for payment to Investor Education and Protection Fund (IEPF).… Read More

Tags: Companies Act, Companies Act 1956, Corporate Affairs Ministry, India, Investor education, LokSabha, Rajya Sabha, Sachin Pilot

Women Directors on Boards of Corporate Companies

As per the data available in the MCA-21 system of the Ministry of Corporate Affairs, as on 28.11.2013 there were 4,83,103 women directors on boards of corporate companies registered under the Companies Acts including government companies. Giving this information in written reply to a question in the Rajya Sabha today, Shri Sachin Pilot, Minister of… Read More

Tags: Board of directors, Companies Act, Corporate Affairs Ministry, List of Latin phrases (I), LokSabha, Minister of Corporate Affairs, Rajya Sabha, Sachin Pilot

National Identification Authority of India Bill, 2013 to be introduced in the winter session of Parliament

So far, about 47 crore 85 lakh Aadhaars have been issued and the enrollment process is in full swing to meet the target. Enroll for Aadhaar is done at designated centres only and appointment for the same can be obtained online at the following link https://appointments.uidai.gov.in/easearch.aspx. However, for actual enrollment process, physical presence of the resident is a must. It is also clarified that certain… Read More

Tags: Aadhaar, Government, India, National Identification Authority of India, National Identification Authority of India Bill, Rajya Sabha, UIDAI, Unique Identification Authority of India

The Securities Laws (Amendment) Bill 2013 – Complete Text as introduced in the Lok Sabha

The Securities Laws (Amendment) Bill 2013, which further amends the Securities and Exchange Board of India Act, 1992, the Securities Contracts (Regulation) Act, 1956 and the Depositories Act, 1996, has been introduced in the Lok Sabha. The Bill as introduced in the Lok Sabha has been attached here for reference. Securities Laws (Amendment) Bill 2013 Highlights of… Read More

Tags: Amendment, Bill, Bill 2013, Depositories Act, Exchange Board of India Act, Financial regulation, Gazette of India, Law, LokSabha, Member of Parliament, President of India, Rajya Sabha, Regulation, SEBI, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992, Securities Laws

Companies Act 2013 – Simplified – A book by eMinds Legal

The Companies Act, 2013 was passed by the Lok Sabha on 18th December, 2012, by Rajya Sabha on 8th August, 2013, received assent of our Hon™ble President Shri Pranab Mukherjee on 29th August, 2013, and finally published in the Gazette of India, Extraordinary, Part-II, Section-1, dated the 30th August, 2013 as Act No. 18 of 2013, thus repealing… Read More

Tags: book on companies act, Central Government, Companies Act, Companies Act 1956, Companies Act 2013 book, Corporate Affairs Ministry, Corporate law, eMinds Legal -Advocates & Solicitors, Gazette of India, Gurgaon, India, Rajya Sabha

Damodaran Committee Submits Report to the Ministry of Corporate Affairs

The Committee constituted by the Ministry of Corporate Affairs for Reforming the Regulatory Environment for doing Business in India, headed by Shri M. Damodaran, presented its Report to the Ministry. The Committee has made a number of recommendations that can be classified as: legal reforms, regulatory architecture, boosting efficacy of regulatory process, enabling MSME™s, and… Read More

Tags: Committee, Corporate Affairs Ministry, FeedBurner, Government, India, Legal education, Rajya Sabha, Sachin Pilot

MCA Public Notice :: Feedback on draft Rules under the Companies Act, 2013

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS No. MCA21 / 13 8/2012 -Adv. Date: 05th September, 2013 PUBLIC NOTICE The Companies Act, 2013 has been notified on 30th August, 2013. First tranche of draft Rules, except Forms, covering 16 Chapters under the new Act, have been posted on the website of the Ministry of Corporate Affairs. The… Read More

Tags: 30th August 2013, Companies Act, Corporate Affairs Ministry, FeedBurner, Government, India, Rajya Sabha, Sachin Pilot

Gov: Rajya Sabha to take up Land Acquisition Bill Tomorrow

The Land Acquisition Bill, which has been renamed as The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012" will come up in the Rajya Sabha for debate and voting on Wednesday. The Bill is in continuation of the UPA Government™s commitment to enacting rights based legislation with the objective of empowering the common… Read More

Tags: Bill, Drug rehabilitation, India, Jairam Ramesh, Land Acquisition Act 1894, LokSabha, Rajya Sabha, United Progressive Alliance

MCA :: Damodaran Panel™s Report on Business Climate

The Chairman of the Committee (Damodaran Panel) had circulated a draft report for comments earlier last month. The report will be submitted to the Government soon. Giving this information in written reply to a question in the Rajya Sabha earlier last month, Shri Sachin Pilot, Minister of Corporate Affairs, said that the Companies Bill, 2013 which… Read More

Tags: Corporate Affairs Ministry, FeedBurner, Government, India, Mergers and acquisitions, Rajya Sabha, Sachin Pilot, Shri Sachin Pilot

End-to-end Computerisation of Targeted Public Distribution System

Computerization of supply-chain management, setting up of transparency portal and grievance redressal mechanisms. This was stated by the Minister of Consumer Affairs, Food and Public Distribution, Prof. K.V. Thomas in a written reply in Rajya Sabha today. He said that as part of Fair Price Shop (FPS) automation, some States namely, Chandigarh UT, Chhattisgarh, Haryana, Odisha, Puducherry have reported issuance of TPDS commodities on… Read More

Tags: Chhattisgarh, Government, Haryana, Himachal Pradesh, K V Thomas, Madhya Pradesh, Rajya Sabha, Smart card

Drugs (Prices Control) Order, 2013 – Prices of Essential Medicines

After the announcement of National Pharmaceuticals Pricing Policy 2012, Drugs (Prices Control) Order, 2013 (DPCO, 2013) was notified on 15.05.2013. As per the provisions of DPCO, 2013 all the existing manufacturers of scheduled formulations, selling the branded or generic or both the versions of scheduled formulations at a price higher than the ceiling price (plus… Read More

Tags: DPCO, Essential medicines, Government, IMS-Health, Manufacturing, Price, Rajya Sabha, Site of Special Scientific Interest