Legal Updates - Corporate Law Reporter

Calcutta High Court celebrates its 150 years

On the eve of 150 years, Dr. M. Veerappa Moily, Minister of Law & Justice told the long 150 years that the Calcutta High Court has seen, the coming in existence of it, the strength of judges it started off its journey. The speech has the entire 150 years wrapped in short which is quoted… Read More

New Law for the Rights of Persons with Disabilities

The Committee appointed by the Ministry of Social Justice and Empowerment, Government of India, to draft a New Legislation replacing the existing Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995, presented the final draft of the new law, The Rights of Persons with Disabilities Bill, 2011, to Shri Mukul Wasnik,… Read More

BSE issues norms for Direct Listing

BSE has came up with new guidelines for direct listing w.e.f 1st July, 2011 NORMS FOR DIRECT LISTING (EFFECTIVE FROM JULY 1, 2011) The companies which are listed on recognized stock exchanges and seeking listing on Bombay Stock Exchange Limited will be required to comply with the norms as given here under: Particulars 1 Issued… Read More

BSE’s Revised Suspension Revocation Norms- Extension of Date

Bombay Stock Exchange (BSE), vide its earlier Communication revised the Norms for "Revocation of Suspension" and the same were to be effective from 1st July 2011. Now, vide its Communication dated 29th June 2011, it has extended the date for implementation of the revised norms from 1st July 2011 to 1st October 2011. For a… Read More

LIVE Programme on CS will be aired on IBN 7 on July 2, 2011

LIVE PROGRAMME on Career as a Company Secretary will be telecast between 4.25 to. 4.55 PM on Saturday, 2nd July, 2011 during the show CAMPUS CALLING on IBN 7. Amid telephonic queries, information on the CS Course shall be aired by way of an exclusive interview with Shri N K Jain, Secretary & CEO, ICSI.… Read More

11th All India Company Law Quiz on the 22nd July, 2011 at ICSI-NIRC

NIRC of ICSI is organizing 11th All India Company Law Quiz Program for Students on Friday, the 22nd July, 2011 at ICSI-NIRC. It will be a three tier program: 1. Chapter Level 2. Regional Level 3. National Level All the Chapters in the first instance would conduct Company Law Quiz Program for the students at… Read More

RBI- Issue of equity shares under FDI Scheme allowed under Government route

RBI/2010-11/586; Circular No.74; June 30, 2011 All Authorised Dealer Category-I Banks Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI Scheme allowed under the Government route Attention of Authorised Dealers Category I (AD Category - I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a… Read More

Buyback / Prepayment of Foreign Currency Convertible Bonds (FCCBs)

RBI/2010-11/587; Circular No.75; June 30, 2011 All Category - I Authorised Dealer Banks Buyback / Prepayment of Foreign Currency Convertible Bonds (FCCBs) Attention of Authorised Dealer Category I (AD Category I) banks is invited to the A.P. (DIR Series) Circular No. 39 dated December 08, 2008, A.P. (DIR Series) Circular No. 65 dated April 28,… Read More

Canadian Chartered Accountants can now apply for ICAI Membership

All the interested members of the Canadian Institute of Chartered Accountants can now apply for ICAI Membership under the terms of the MoU executed between ICAI and CICA, in the prescribed format after 25th July 2011. The expected date of 1st examination being organized by ICAI for CICA members is January 2012. Read More

India-Malaysia Economic Cooperation Agreement comes in effect by 1st July, 2011

India-Malaysia CECA is India™s fourth bilateral Comprehensive Economic Cooperation Agreement, after Singapore, South Korea and Japan. Aiming for liberalisation of trade in goods, trade in services, investments and other areas of economic cooperation. It is expected that the implementation of this agreement will boost bilateral trade to US$15 billion by 2015. The CECA will create an… Read More

Review of Internet Based Trading and Securities trading using Wireless Technology

CIR/MRD/DP/ 8 /2011 June 30, 2011 All Stock Exchanges Sub: Review of Internet Based Trading (IBT) and Securities trading using Wireless Technology (STWT) 1. Further to the SEBI circular no SMDRP/POLICY/CIR-06/2000 dated January 31, 2000 on Internet Based Trading and SEBI circular no CIR/MRD/DP/25/2010 dated August 27, 2010 on Securities Trading using Wireless Technology, it… Read More

Becoming Chartered Accountant becomes easier

The Institute of Chartered Accountants of India (ICAI) is planning to allow students who have studied vocational courses or completed 12 years of basic education to appear in the Common Proficiency Test (CPT), an entrance exam to pursue Chartered Accountancy. Currently only those students who have passed Class 12 with regular academic programmes are eligible… Read More

Video conference mandatory for AGM from next fiscal – MCA

The Ministry of Corporate Affairs on Thursday said it would be mandatory for listed companies to provide the option of video conferencing for shareholders to participate in the annual general meeting from next fiscal. In respect of shareholders' meetings to be held during 2011-12, the video conferencing facility for shareholders is optional. Thereafter, it is… Read More