Site of Special Scientific Interest

Implementation of the New Company Law

The Companies Act, 2013 has been assented to by the President of India on 29.08.2013 and published in the Official Gazette on 30.08.2013 which empowers the Central Government to bring into force various sections from such date(s) as may be notified. Accordingly, 98 Sections of the Companies Act, 2013 have been notified on 12.09.2013. Giving… Read More

Tags: Companies ActCompanies Act 1956Corporate Affairs MinistryGovernment of IndiaIndiaLok SabhaSachin PilotSite of Special Scientific Interest

Commencement Notification CA2013 :: Miscellaneous :: Section 451 :: Punishment in case of repeated default

Chapter XXIX Miscellaneous (447 - 470) Section 451- Punishment in case of repeated default If a company or an officer of a company commits an offence punishable either with fine or with imprisonment and where the same offence is committed for the second or subsequent occasions within a period of three years, then, that company… Read More

Tags: Annual General MeetingCentral GovernmentCompanyLawPunishmentSite of Special Scientific Interest

Commencement Notification CA2013 :: Miscellaneous :: Section 449 :: Punishment for false evidence.

Chapter XXIX Miscellaneous (447 - 470) Section 449- Punishment for false evidence Save as otherwise provided in this Act, if any person intentionally gives false evidence” (a) upon any examination on oath or solemn affirmation, authorised under this Act; or (b) in any affidavit, deposition or solemn affirmation, in or about the winding up of… Read More

Tags: Central GovernmentCompanyFalse evidenceFeedBurnerGovernmentLawSite of Special Scientific Interest

Commencement Notification CA2013 :: Miscellaneous :: Section 447 :: Punishment for fraud

Chapter XXIX Miscellaneous (447 - 470) Section 447- Punishment for fraud Without prejudice to any liability including for repayment of any debt under this Act or any other law for the time being in force, any person who is found to be guilty of fraud, shall be punishable with imprisonment for a term which shall… Read More

Tags: CompanyFeedBurnerFraudLawLegal liabilityLegal personalityPunishmentSite of Special Scientific Interest

Commencement Notification CA2013 :: Section 192 :: Restriction on non-cash transactions involving directors.

Chapter XII -Meetings of Board and its Powers (173 - 195) Section 192- Restriction on non-cash transactions involving directors (1) No company shall enter into an arrangement by which ” (a) a director of the company or its holding, subsidiary or associate company or a person connected with him acquires or is to acquire assets… Read More

Tags: Annual General MeetingBoard of directorsCompanies ActDebentureFeedBurnerHolding companySecurity (finance)SharesSite of Special Scientific InterestSubsidiary

Commencement Notification CA2013 :: Notified Section 111 :: Circulation of members’ resolution

Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter VII -Management and Administration (88 - 122)   Section 111- Circulation of members' resolution (1) A company shall, on requisition in writing of such number of members, as required in section 100,” (a) give notice to members of any resolution which may properly be moved and is intended… Read More

Tags: Annual General MeetingCentral GovernmentChairmanChapter VII of the United Nations CharterCompanies ActCompanyExtraordinary general meetingFeedBurnerNotification Of Companies Act 2013Proxy votingRequisitionRupeeSite of Special Scientific InterestTown and Country Planning Act 1990VotingWriting

Commencement Notification CA2013 :: Notified Sections 106 – 107

Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter VII -Management and Administration (88 - 122)  Section 106- Restriction on voting rights (1) Notwithstanding anything contained in this Act, the articles of a company may provide that no member shall exercise any voting right in respect of any shares registered in his name on which any calls or other… Read More

Tags: Annual General MeetingCentral GovernmentChairmanChapter VII of the United Nations CharterCompanies ActCompanyExtraordinary general meetingFeedBurnerNotification Of Companies Act 2013Proxy votingRequisitionRupeeSite of Special Scientific InterestTown and Country Planning Act 1990VotingWriting

Commencement Notification CA2013 :: Notified Sections 105 :: Proxies

Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter VII -Management and Administration (88 - 122)  Section 105- Proxies (1) Any member of a company entitled to attend and vote at a meeting of the company shall be entitled to appoint another person as a proxy to attend and vote at the meeting on his… Read More

Tags: Annual General MeetingCentral GovernmentChapter VII of the United Nations CharterCompanies ActCompanyExtraordinary general meetingNotification Of Companies Act 2013Proxy votingRequisitionRupeeSite of Special Scientific InterestWriting

Commencement Notification CA2013 :: Notified Sections 44 to 57

Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter IV -Share Capital and Debentures (Sections 43 - 72) Section 44- Nature of shares or debentures The shares or debentures or other interest of any member in a company shall be movable property transferable in the manner provided by the articles of the company. Section… Read More

Tags: Companies ActDebentureIndiaNotification Of Companies Act 2013Private company limited by sharesSharesSite of Special Scientific Interest

Commencement Notification CA2013 :: Notified Sections 32 to 36

Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter III -Prospectus and Allotment of Securities (Sections 23 - 42) Notified Section 32- Red herring prospectus (1) A company proposing to make an offer of securities may issue a red herring prospectus prior to the issue of a prospectus. (2) A company proposing to issue… Read More

Tags: Companies ActProspectusRed herring prospectusRegistrarsSecurities and Exchange BoardSecurity (finance)Site of Special Scientific Interest

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: DPCOEssential medicinesGovernmentIMS-HealthManufacturingPriceRajya SabhaSite of Special Scientific Interest

Auction for Sale (Re-Issue) of 1.44% Inflation Indexed Government Stock 2023

Government of India have announced the sale (re-issue) of 1.44% Inflation Indexed Government Stock-2023 for a notified amount of Rs.1,000 crore (nominal) through price based auction. The auction will be conducted using uniform price method. The auction will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on August 27, 2013 (Tuesday). Up to 20% of the notified amount of the sale… Read More

Tags: AuctionGovernment of IndiaIndiaKuberMumbaiReserve Bank of IndiaRupeeSite of Special Scientific Interest

Auction for Sale (Re-Issue) of 1.44% Inflation Indexed Government Stock 2023

Government of India have announced the sale (re-issue) of 1.44% Inflation Indexed Government Stock-2023 for a notified amount of Rs. 1,000 crore (nominal) through price based auction. The auction will be conducted using uniform price method. The auction will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on June 25, 2013 (Tuesday). Up to 20% of the… Read More

Tags: AuctionGovernment of IndiaIndiaJune 25 2013KuberMumbaiReserve Bank of IndiaSite of Special Scientific Interest

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