General Circular No. 43/2012 52/17/CAB-2011 Government of India Ministry of Corporate Affairs Cost Audit Branch ***** ˜B-1™ Wing, 2nd Floor, Paryavaran Bhawan, CGO Complex, Lodhi Road, New Delhi 110 003 Dated the December 26, 2012 To, The President, Institute of Cost Accountants of India, 12, Sudder Street, Kolkata 700 016 Subject: Filing of Cost Audit… Read More
General Circular no. 40/2012 No. 17/202/2012 CL-V Government of India Ministry of Corporate Affairs 51h Floor, 'A' Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi Dated 17th December, 2012. To, All Regional Directors All Registrars of Companies Sir, Sub: - No Objection Certificate (NOC) from the concerned regulator / Institute for LLP Name approval /… Read More
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi dated the 30th November, 2012 G.S.R. 869(E).- In exercise of the powers conferred by sub-section (1) of section 642 read with section 610B of the Companies Act, 1956 (1 of 1956),… Read More
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi dated 24th December, 2012. G.S.R. (E). In exercise of the powers conferred by clause a and b of sub-section (1) of section 642 read with section 266A, 266B, 266D and 266E of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules further… Read More
CIRCULAR CIR/MRD/DP/ 35 /2012 December 17, 2012 To, All Stock Exchanges Dear Sir / Madam, Sub: Establishment of Connectivity with both depositories NSDL and CDSL - Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement 1. It is observed from the information provided by the depositories that the companies listed… Read More
CIRCULAR CIR/MRD/DRMNP/ 36 /2012 December 19, 2012 To All stock exchanges. Sir / Ma™am, Sub: Requirement of Base Minimum Capital for Stock Broker and Trading Member 1. SEBI vide circular no SMD/SED/RCG/270/96 dated January 19, 1996 and circular no MRD/DoP/SE/Cir-07/2005 dated February 23, 2005 had prescribed the requirement of Base Minimum Capital (BMC) for stock… Read More
Lok Sabha has passed the Companies Bill, 2012. The Government has said that the aim of this bill is to protect the interest of employees and small investors alike, while also encouraging firms to undertake Corporate social responsibility and voluntarily welfare, instead of having to impose the same through what is called "inspector raj". The Bill still… Read More
The Government has said that the Competition Commission of India has been set up under the provisions of the Competition Act, 2002 and is fully functional to eliminate practices having adverse effect on competition, including cartelization by companies. This information was given in written reply to a question in the Lok Sabha today by Shri… Read More
Serious Fraud Investigation Office (SFIO) which is a multi-disciplinary investigating agency under the Ministry of Corporate Affairs, has set up the Market Research and Analysis Unit for capacity building, co-ordination with other investigating agencies and for market surveillance. Giving this information in written reply to a question in the Lok Sabha today Shri Sachin Pilot,… Read More
The Ministry of Corporate Affairs has undertaken a Pilot Study to examine the concept and the feasibility of developing a Business Index. Further details would emerge after completion of the pilot study and sharing its findings with concerned Ministries and Departments. Giving this information in written reply to a question in the Lok Sabha today,… Read More
During the last five years, 27 companies under liquidation were referred to the Serious Fraud Investigation Office (SFIO) for investigation. Giving this information in written reply to a question in the Lok Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that out of the said 27 cases, SFIO has completed investigation in 24… Read More
Decision to publish names of Multi Level Marketing companies which come to adverse notice of this Ministry is under consideration of the Ministry of Corporate Affairs. Giving this information in written reply to a question in the Lok Sabha today Shri Sachin Pilot, Minister of Corporate Affairs, however, said that the members of the public… Read More
Government Reviews Foreign investment Policy for Assets Reconstruction Sector; Ceiling for FDI in ARCs increased from 49% to 74% The Central Government had permitted Foreign Direct Investment (FDI) in the equity capital of Asset Reconstruction Company (ARCs) upto 49% vide Press Release dated 08.11.2005. Further, on 09.11.2005, the Government permitted the Foreign Institutional Investors (FIIs)… Read More