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 MeetingBoard of directorsBusinessCompanies Act 1956copyrightIndividual and group rightsShareholderSupreme 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 directorsCompanies ActCompanyDividendMotley FoolNew York Stock ExchangeNotification Of Companies Act 2013Shareholder

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: BillBusinessCompanies ActCorporate lawIndiaMergers and acquisitionsNCLTShareholderThe 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 IndiaGovernment-owned corporationIndiaRegulationSEBISecurities & Exchange Board of IndiaShareholderTravancore

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: BusinessEfficient-market hypothesisENRONinsidertradingLawSarbanes–Oxley ActShareholderSupreme CourtUnited 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 ExchangeEquity (finance)GovernmentGovernment of IndiaIndiaMMTCNational Stock Exchange of IndiaShareholder

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 minimaPublic companyRegulationRequirementSEBISecurities & Exchange Board of IndiaShareholderStock 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 stockNOFHCPercentagePromoter GroupPublic companySecurities & Exchange Board of IndiaShareholderThe 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 CommitteeBoard of directorsCorporate Affairs MinistryCorporate Governancecorporate social responsibilityCSRKolkataShareholder

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