Legal Updates - Corporate Law Reporter

Corporate Governance Voluntary Guidelines

CS Alka Kapoor & CS Banu Dandona Good corporate governance practices are a sine qua non for sustainable business that aims at generating long term value to all its shareholders and other stakeholders. -Mr. Salman Khurshid, Hon™ble Minister of Corporate Affairs Adoption of best governance practices is imperative in today™s global environment. A well governed company has an… Read More

Company Secretary – Brand Building Measures

With a view to creating Media Visibility for the CS Course & Profession, the Institute of Company Secretaries of India (ICSI) will telecast / broadcast Spots on Company Secretaries Course on DD National Channel / DD News/ DD Bharti / Radio Mirchi 98.3 FM for brand building. Beginning from 12th March and continuing till last week of… Read More

Campus Placement at ICSI

Campus Placement The Institute has received overwhelming response from the members and corporates for the Campus Placement scheduled to be held on 15th March 2011 at NIRO of ICSI. The following Companies have already sent their confirmation for participation in the Campus Placement:- 1. Action Construction Equipment Ltd. 2. Agarwal Associates Group 3. Bata India Ltd. 4. Bharti Reality Ltd.… Read More

Stamp duty rates for Form 1, Form 5 and Form 44

State wise stamp duty rules for eForm 1, Memorandum of Association (MoA), Articles ofAssociations (AoA), eForm 5 and eForm 44) stamp duty rates schedule Read More

Easy Exit scheme extended till 30th April, 2011

Download Notifications Easy Exit scheme circular Read More

Companies – Issue of Share Certificate Rules 1960

Companies - Issue of Share Certificate Rules 1960 Read More

ICAI e Journal March, 2011

Download the eJournal from Institute of Chartered Accountants of India for March, 2011 ICAI e Journal - March-2011 Read More

Allotment of DIN Process Simplified

Company Law : Section 266B of the Companies Act, 1956 - Director Identification Number The MCA vide Notification dated March 26, 2011 has issued the Companies (Director IdentificationNumber) Amendment Rules, 2011 (Rules) whereby the process for obtaining a Director IdentificationNumber (DIN) has been simplified. In terms of the Rules all applications for DIN will be… Read More

Procedure for change in Registered Office

Intellectual Property Rights (Imported Goods) Enforcement Rules, 2007

Circular No. 10 /2011- Customs F. No. 305/1/2008-FTT Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (International Customs Division) Dated the, 24th February, 2011 To All Chief Commissioners of Customs/ Customs (Prev.), All Chief Commissioners of Central Excise, All Chief Commissioners of Central Excise & Customs, All Director Generals under CBEC,… Read More

Oppression/Mismanagement Matter following within the purview of MOU

Any issue relating to a matter which falls under the purview of the memorandum of understanding (˜MoU™) between the parties is not within the purview of the Company Law Board and cannot be entertained in a proceeding under section 397/398. Companies Act, 1956 Section 397/398 Oppression/Mismanagement Petition for relief against Issue relating to a matter… Read More

Default in filing Annual Return

Sections 159 and 168 Offence and prosecution Default in filing annual return Prosecution of director who resigned before default took place How far tenable Where the director resigned from his post, his resignation was accepted and was communicated to the Registrar of Companies prior to the default of non-filing annual return took place, he cannot… Read More

Restoration of defunct company

Section 560 Defunct company Restoration of Whether it is a mandatory requirement for the Registrar to send notice to the company before striking off name from register If the name of the company is struck off from the register of companies without notice under sub-section (6) of section 560, the Registrar of Companies is required… Read More