Corporate rights against personal rights of members
Corporate Rights Against Personal Rights Of Members Sec. 41 of the Companies Act, 1956 (Act) defines members as any person who is (1) the subscribers of the memorandum of a company or every other person who agrees in writing to become a member of a company and whose name is entered in its register of… Read More
Tags: Annual General Meeting, Board of directors, Business, Companies Act 1956, copyright, Individual and group rights, Shareholder, Supreme Court
Commencement Notification CA2013 :: Notified Section 127 & 133
Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter VIII -Declaration and Payment of Dividend (123 - 127) Section 127- Punishment for failure to distribute dividends Where a dividend has been declared by a company but has not been paid or the warrant in respect thereof has not been posted within thirty days… Read More
Tags: Board of directors, Companies Act, Company, Dividend, Motley Fool, New York Stock Exchange, Notification Of Companies Act 2013, Shareholder
M&A – At the Onset of Companies Bill
Mergers and Acquisitions have been governed by a large number of individual laws in India. However, the Companies Act, 1956 is the prime regulator of companies when it comes to its legal framework and is guiding the reconstruction of Indian companies over 50 years from now. Since then there has been a substantive growth in… Read More
Tags: Bill, Business, Companies Act, Corporate law, India, Mergers and acquisitions, NCLT, Shareholder, The Companies Act 1956
Creation of the Special National Investment Fund
The Cabinet Committee on Economic Affairs has approved creation of the Special National Investment Fund for the specific objective of meeting the minimum public shareholding of 10 percent requirement in the following six Central Public Sector Enterprises (CPSEs). (i) Andrew Yule & Company Ltd. (ii) Fertilizers & Chemicals (Travancore) Ltd. (iii) Hindustan Photo Films Manufacturing… Read More
Tags: Government of India, Government-owned corporation, India, Regulation, SEBI, Securities & Exchange Board of India, Shareholder, Travancore
Should insider dealing be Prohibited?
Should insider dealing be prohibited? There are advocates supporting both, prohibition and deregulation of insider trading. Since the fountainhead of majority of laws is the US law, this post will primarily discuss the US law, though insider trading is neither defined including all parameters nor are there clear regulations by the federal rules.[1] The most prominent… Read More
Tags: Business, Efficient-market hypothesis, ENRON, insidertrading, Law, Sarbanes–Oxley Act, Shareholder, Supreme Court, United States
MMTC OFS Divestment – Issue Oversubscribed by 1.55 times
MMTC OFS for Divestment of 9.33% Paid up Equity of the Government of India Shareholding Done; Issue Overscribed by 1.55 Times; Government Expects to Realize Proceeds of Rs. 567.90 Crores. The Minerals and Metal Trading Corporation (MMTC) OFS for divestment of 9.33% paid up equity of the Government of India shareholding in the MMTC was done… Read More
Tags: Bombay Stock Exchange, Equity (finance), Government, Government of India, India, MMTC, National Stock Exchange of India, Shareholder
Interim Order in the matter of Non-Compliance of the requirement of Minimum Public Shareholding by the Listed Companies in Private Sector
The Securities Contracts (Regulation) Rules, 1957 were amended in 2010 to provide for minimum and continuous public shareholding requirement in listed companies in private sector at 25%. In terms of these Rules, all listed companies have to comply with the said requirement by June 03, 2013. This was done with a view that a dispersed… Read More
Tags: Maxima and minima, Public company, Regulation, Requirement, SEBI, Securities & Exchange Board of India, Shareholder, Stock exchange
Clarifications to Queries on Guidelines for Licensing of New Banks in the Private Sector
Clarifications to Queries on Guidelines for Licensing of New Banks in the Private Sector In providing the clarifications, an attempt has been made to assist potential applicants in understanding the terms of the guidelines. The clarifications are specific to the queries and must be read in the overall context of the guidelines. Q.1. Is it compulsory for the… Read More
Tags: Common stock, NOFHC, Percentage, Promoter Group, Public company, Securities & Exchange Board of India, Shareholder, The Companies Act 1956
MCA Voluntary Guidelines to promote good Corporate Governance
Voluntary Guidelines for Companies for providing general information on their websites about the company to promote good corporate governance and to enhance investors™ awareness ***** 1. The Ministry of Corporate Affairs (MCA) has been continuously taking various steps towards promoting good corporate governance, investor education and protection & advocacy for adoption of Corporate Social Responsibility… Read More
Tags: Audit Committee, Board of directors, Corporate Affairs Ministry, Corporate Governance, corporate social responsibility, CSR, Kolkata, Shareholder
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