Constitution of Companies Law Committee
F. No. 2/19/2011-CL-V Ministry of Corporate Affairs Government of India ˜A™ Wing, 5th Floor, Shastri Bhawan New Delhi 110 001 Dated 04th June, 2015 ORDER Subject : Constitution of Companies Law Committee The Government hereby constitutes a Companies Law Committee consisting of the following : S. No. Name of Person/Institution Position 1. Secretary, Ministry of Corporate Affairs Chairperson 2.… Read More
Seminar on Vendor Risk Management on 5th June, 2015 at New Delhi
Achromic Point Consulting would like to take this opportunity to inform and invite you to our upcoming seminar on Vendor Risk Management with our Knowledge Partner Deloitte and our Technology Partner IBM Commerce scheduled in New Delhi on 5th June 2015. The scale of reliance on technology and outsourcing vendors is at its highest ever, due to mounting regulation and increasing complexity within the… Read More
Companies (Amendment) Act, 2015 notified
The Companies (Amendment) Act, 2015 of Parliament received the assent of the President on the 25th May, 2015 The Act can be accessed at the link given below. Companies(Amendment)Act 2015 Read More
Highlights of Companies (Amendment)Act, 2015
The government has notified amendments to the Companies Act, which makes it easier to do business and provides for stricter penalties for fraud cases. The amendments, which were passed by Parliament earlier this month, have been made to the Companies Act, 2013, mainly to deal with board resolutions, utilisation of unclaimed dividends and setting-up of… Read More
Rupee Drawing Arrangement – Increase in trade related remittance limit
RBI/2014-15/603 A. P. (DIR Series) Circular No. 102 May 21, 2015 To, All Authorised Dealer Category - I Banks Madam / Sir, Rupee Drawing Arrangement - Increase in trade related remittance limit Attention of Authorised Dealer Category I (AD Category I) banks is invited to Part (B) of Annex-I to the A.P. (DIR Series) Circular… Read More
External Commercial Borrowings (ECB) denominated in Indian Rupees (INR) Mobilisation of INR
RBI/2014-15/608 A. P. (DIR Series) Circular No. 103 May 21, 2015 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) denominated in Indian Rupees (INR) Mobilisation of INR Attention of Authorized Dealers Category I (AD Cat I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000… Read More
Foreign Currency (Non-Resident) Account (Banks) (FCNR (B)) Scheme
RBI/2014-15/596 A.P. (DIR Series) Circular No. 98 May 14, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Foreign Currency (Non-Resident) Account (Banks) (FCNR (B)) Scheme Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 2 of the Foreign Exchange Management (Deposit) Regulations, 2000, notified vide Notification No. FEMA 5/2000-RB… Read More
The Companies (Amendment) Bill, 2014 as compiled by the ICSI
The Companies (Amendment) Bill, 2014 The details of the amendments are as under: 1. Requirement of minimum paid- up share capital for private and public companies is proposed to be omitted. (For ease of doing business) In terms of section 2(68) and 2(71) of the Companies Act, 2013, private companies and public companies are required… Read More
Hon’ble Supreme Court confirms the Constitution of NCLT and NCLAT under Companies Act, 2013
Supreme Court decided following issues : (i) Challenge to the validity of the constitution of NCLT and NCLAT; (ii) Challenge to the prescription of qualifications including term of their office and salary allowances etc. of President and Members of the NCLT and as well as Chairman and Members of the NCLAT; (iii) Challenge to the… Read More
Download the Companies (Amendment)Bill, 2014 as passed by Rajya Sabha
Stakeholders are hereby informed that the Companies Amendment Bill, 2014 has been passed in the Rajya Sabha. The same can be downloaded at the link given below. Companies_Amendment_Bill_2014_Passed_by_Rajya Sabha Read More
Companies (Amendment) Bill, 2014 gets Rajya Sabha nod
The Rajya Sabha on Wednesday cleared amendments to the Companies Act, 2013 to enhance ease of doing business in India. The bill had obtained the nod of the Lok Sabha in the last session. Replying to the debate on amending the Act, Finance and Corporate Affairs Minister said the law will be reviewed further by… Read More
Workshop on FEMA reguations and Foreign Investments in Mumbai at Hotel Hilton 22nd May, 2015
Foreign Exchange Management Act (FEMA) was introduced in India in 1999 which emerged as an investor friendly legislation. This act relaxed foreign exchange restrictions resulting in significant flow of investments into India over the years making it one of the most lucrative FDI destinations in the world. On the other hand Indian businesses have also… Read More
RBI advises Banks to appoint Internal Ombudsman
The Reserve Bank of India has advised all public sector banks and some private sector and foreign banks to appoint an internal ombudsman. The internal ombudsman would be designated Chief Customer Service Officer (CCSO), it has stated. The CCSO should not have worked in the bank in which he/she is appointed as CCSO. The Reserve… Read More
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