eMinds Legal - Corporate Law Reporter

UAN mandatory for employers under EPF Act, 1952

As per the Act 1952, it is mandatory for the employers covered under this legislation to obtain Universal Account Number (UAN). The government was considering the proposal to make UAN mandatory for availing of benefit of the scheme. The UAN facility was launched by Prime Minister Narendra Modi in October last year. As per the… Read More

Stock Market turns bullish as Sensex & Nifty rises up

The benchmark BSE index extended its gains by 278 points, while Nifty reclaimed 8,300 mark in morning trade on Monday supported by all-round buying BY real estate, banking & FMCG sector. The Sensex resumed higher at 27,427.19 and a touched high of 27,601.06 before quoting at 27,594.37, a rise of 278.20 points or 1.02 per… Read More

Codes of Fair Disclosure and Conduct Provisions under SEBI (Prohibition of Insider Trading) Regulations, 2015

1. Introduction To check Insider trading, R 8(1) of the Regulations states that the Board of Directors of every listed company shall lay down and publish on its official website, a code of practices and procedures for fair disclosure of unpublished price sensitive information that would be followed to adhere to each of the principles… Read More

Seminar on FEMA Regulations and Foreign Investments on 26th June, 2015(Friday) at Bangalore

Astrazure Presents FEMA Regulations and Foreign Investments 26th June , 2015 (Friday) at Bangalore INTRODUCTION In the light of economic reforms and the liberalised business scenario in the country, the Foreign Exchange Management Act (FEMA) was introduced in India in 1999 which emerged as an investor friendly legislation. This act relaxed foreign exchange… Read More

Amendment to Prevention of Money Laundering (Maintenance of Records) Rules, 2005 additional documents for the limited purpose of ˜proof of address™

RBI/2014-15/633 DBR. AML.BC. No.104/14.01.001/2014-15 June 11, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All authorised persons including… Read More

Business typhoons demand guidelines on CSR to monitor corporates

The business leaders demand to have some guidelines to monitor regarding .spending of CSR funds by corporates as there might be some companies either wasting money or siphoning in some form. Industrialists and other eminent business leaders think that the corporate social responsibility should come from each individual. The Companies should be tightened in some… Read More

Clarification on repayment of deposits accepted by the companies before the commencement of the Companies Act, 2013 under section 74 of the said Act

General Circular No. 09 /2015 No. 1/8/2013-CL-V Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhavan, Dr R.P. Road, New Delhi Dated: 18th, June, 2015 To All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Clarification on repayment of deposits accepted by the companies before the commencement of the Companies Act, 2013… Read More

Negotiable Instruments (Amendment) Ordinance, 2015 gets nod from President

Promulgated by the President in the Sixty-sixth Year of the Republic of India. An Ordinance further to amend the Negotiable Instruments Act, 1881. WHEREAS the Negotiable Instruments (Amendment) Bill, 2015 has been passed by the House of the People and is pending in the Council of States; AND WHEREAS, Parliament is not in session and… Read More

Requirements specified under the SEBI (Share Based Employee Benefits) Regulations, 2014

1.This has reference to the SEBI (Share Based Employee Benefits) Regulations, 2014 ("the Regulations") notified on October 28, 2014. The Regulations provide for certain processes / disclosure requirements to be specified by SEBI. 2. The stock exchanges are advised to bring the contents of this circular to the notice of the companies listed on them… Read More

Master Circular “Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions, 2011”

RBI/2014-15/631 DNBR (PD) CC No. 039/03.01.001/2014-15 June 11, 2015 To All NBFCs Dear Sirs, Master Circular "Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions, 2011". As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated circulars / notifications. The instructions contained… Read More

Seminar on FEMA Regulations and Foreign Investments on 26th June , 2015 (Friday) at Bangalore

Astrazure Presents FEMA Regulations and Foreign Investments 26th June , 2015 (Friday) at Bangalore INTRODUCTION In the light of economic reforms and the liberalised business scenario in the country, the Foreign Exchange Management Act (FEMA) was introduced in India in 1999 which emerged as an investor friendly legislation. This act relaxed foreign exchange… Read More

Extension of time for filing of Notice ofappointment of the Cost Auditor for the F.Y, 2015-16 in Form CRA-Z and filine of cost audit report to the Central Government for the F.Y, 2014-15 in form CRA-4.

1.The Ministry has received several representations about the non-availability of the revised form CRA-2 on MCA-21 required for filing of notice of appointment of the Cost Auditor for the F.Y. 2015-16, although the time Iimit for filing of the same has either lapsed or will be lapsing. The revised form CRA-2 has now been notified… Read More

Exemptions to Private Companies under section 462 of CA 2013

Download the Notification related to Exemptions to Private Companies under section 462 of CA 2013 released by Ministry of Corporate Affairs on 5th June, 2013 (to be published in the Official Gazette) Read More

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