Others - Corporate Law Reporter

Tamil Nadu Plan for 2013-14 Finalized

The Annual Plan for 2013-14 for the State of Tamil Nadu was finalised today at a meeting between Shri Montek Singh Ahluwalia, Deputy Chairman, Planning Commission and Ms. J. Jayalalithaa, Chief Minister of Tamil Nadu. The Plan size has been agreed at Rs. 37,128 crore which includes the central assistance to the State Plan of about… Read More

CLR Snippets | Appointments Committee of the Cabinet – New Appointments

The Appointments Committee of the Cabinet has approved the following : (i) The appointment of Shri Rentala Chandrasekhar, IAS(AP:75) (Retired) as Chairman, NTRO, for a period of three years from the date of assumption of the charge or until further orders whichever is earlier. (ii) The appointment of Shri S.Sundareshan, IAS(KL:76) (Retired) as Mission Director, Direct… Read More

CLR Snippets | Appointment of Judge in the High Court of Delhi

In exercise of the powers conferred by clause (1) of Article 217 of the Constitution of India, the President has appointed Shri Justice Mool Chand Garg, Additional Judge of the High Court of Delhi, as Judge of that High Court with effect from the date he assumes charge of his office. Read More

CLR Snippets | Appointment of Additional Judge in The High Court of Punjab & Haryana

In exercise of the powers conferred by clause (1) of Article 224 of the Constitution of India, the President has appointed Dr. Bharat Bhushan Parsoon as Additional Judge of the High Court of Punjab & Haryana with effect from the date he assumes charge of his office. Read More

CLR Snippets | Appointment of Judges in The High Court of Punjab & Haryana

In exercise of the powers conferred by clause (1) of Article 217 of the Constitution of India, the President has appointed (i) Shri Justice Paramjeet Singh, (ii) Shri Justice Naresh Kumar Sanghi, and (iii) Shri Justice Rameshwar Singh Malik, Additional Judges of the High Court of Punjab & Haryana, as Judges of that High Court with effect… Read More

CLR Snippets | Appointment of Acting Chief Justice of the High Court of Delhi

In exercise of the powers conferred by Article 223 of the Constitution of India, the President has appointed Shri Justice Badar Durrez Ahmed, senior-most Judge of the High Court of Delhi, to perform the duties of the office of the Chief Justice of that High Court with effect from today, the 10th of June, 2013, consequent… Read More

ICWAI – President Communication June 2013

Dear Professional Colleagues, In today™s competitive environment, every Organisation is concerned about developing the potential of its people than ever before. It is healthy business practice that helps in enhancing the performance and bottom-line results of the organization. Organizations are designing HR policies to achieve their overall objective. These polices include recruitment, training, performance appraisals, motivating employees as well as… Read More

ICAI President’s Message – June 2013

In the new Companies Bill, 2012, Corporate Social Responsibility (CSR) activities have got prime focus requiring all companies having net worth of 5000 crore or more, or, turnover of 1000 crore or more, or, a net profit of 5 crore or more during any financial year to constitute a dedicated CSR Committee of the Board consisting of three or… Read More

ICAI Release – Technical Guide on Internal-Concurrent Audit of Investment Functions of Insurance Companies (2013)

Document Extract: 1 Framework of Internal / Concurrent Audit for Insurance Companies 1. Introduction One of the major functions of an insurance company is investment of funds and with the ever growing fund size of insurers™ investments, safeguarding and protection of the investments has acquired enormous significance. IRDA, the regulator of insurance industry, has put… Read More

ICAI Release – Technical Guide on Review and Certification of Investment Risk Management Systems and Processes of Insurance Companies (2013)

Document Extract: 1 Introduction 1.01. Insurance in India has come of age.Insurers have been operating in India for a very long time, but insurance then was entirely the monopoly of the state-owned Life Insurance Corporation and four general Insurance Companies. In the post- liberalisation phase, private entrepreneurs have also come on to the scene. Since… Read More

14th National Conference of Practising Company Secretaries

14th National Conference of Practising Company Secretaries July 19-20, 2013 (Friday & Saturday) Inaugural: 11.00 AM Theme Integrating Growth, Governance and Challenges Beyond Sub Themes Emerging Areas of Practice in Governance Enhancing Quality of Service of a Practising Company Secretary Responsibility and Accountability of a Practising Company Secretary Key Takeaways Explore new opportunities in the… Read More

CLR Important | Multi-Brand Retail FDI Policy- Clarification on queries of prospective investors/ stakeholders

CLARIFICATION ON QUERIES OF PROSPECTIVE INVESTORS/ STAKEHOLDERS ON FDI POLICY FOR MULTI-BRAND RETAIL TRADING (Paragraph 6.2.16.5 of ˜Circular 1 of 2013-Consolidated FDI Policy™) Issue Clarification/ comment 30% sourcing from Small and Medium Enterprises: (a) Can the Foreign Investor purchase the 30% of the total procurement of manufactured or processed goods by the SME but distribute … Read More

CLR Snipppets | Tax Collection Report

Gross direct tax collections during April-May of the current Financial Year 2013-14 is up by 21.10 percent at Rs. 63,252 crore as against Rs. 52,231 crore in the same period during the last fiscal. While Gross Collections of Corporate Taxes showed an increase of 14.91 percent and stood at Rs.27,957 crore as against Rs. 24,329… Read More