The Ministry of Corporate Affairs has issued a notification dated 3rd November, 2014 with respect to the Company Law Board(Fees on Applications and Petitions) Amendment Rules, 2014 and in the said schedule of the fees the following points shall be inserted after point no. 33: 34: 2(41) of the Companies Act, 2013; Allowing any period… Read More
The new consolidated FDI Policy issued by the Government of India in April, 2014 (2014 FDI Policy) and certain significant changes made thereafter are expected to attract more FDI equity inflows into India. Indian overseas investment policies have been progressively liberalized and simplified to meet the changing needs of a growing economy. The magnitude and… Read More
The Securities and Exchange Board of India (SEBI) have made a lot of efforts to make the listed entities more responsible towards the investors and for which the regulator may announce the new insider trading norms in the next week and also will introduce the new listing & delisting regulations. The rectifications are made in… Read More
RBI/2014-15/281 RPCD.CO.RRB.BC.No. 38 /03.05.33/2014-15 October 29, 2014 All Regional Rural Banks Dear Sir/Madam, Financial Inclusion by Extension of Banking Services Use of Business Correspondents Please refer to paragraph 26 of the First Bi-monthly Monetary Policy Statement, 2014-15 announced on April 1, 2014 which stated that On financial inclusion, the fourth pillar, the recommendations of the… Read More
The Securities and Exchange Board of India (SEBI) has accused Sahara for deliberately not selling off the hotels located abroad to comply with the order of SEBI to repay the investors of Sahara. The Supreme Court of India has asked Sahara to repay the money to the investors and the regulator had filed a petition… Read More
RBI/2014-15/288 RPCD.RRB.RCB.AML.No.4424/07.51.018/2014-15 October 31, 2014 Regional Rural Banks (RRBs) / State / Central Cooperative Banks (StCBs/CCBs) Madam / Dear Sir, KYC Clarification on Proof of Address Please refer to our circular RPCD.RRB.RCB.AML.BC.No.111/07.51.018/2013-14 dated June 12, 2014 on the captioned subject. In this regard we also draw your attention to our circular RPCD.RRB.RCB.AML.No.2797/07.51.018/2014-15 dated September 9, 2014, forwarding copies… Read More
The MODI government has eased the foreign investment rules in construction to attract money into the sectors which are short of funds and serve its dual objectives as promised of creation of more and more employment opportunities and all the Indian families shall have their own roof to live in. The Union Cabinet has approved… Read More
The most successful exits require considerable planning. The sooner you start, the more rewarding your eventual exit is likely to be. The range of exit strategies includes taking the company public through an initial public offering (IPO), selling the company to a strategic acquirer or recapitalizing and selling the firm to the management team, also… Read More
A local court trying over the case of the big accounting fraud in the case of the Satyam Computers is likely to announce the judgement date on October 30, 2014. An order has been made that all the accused more than 10 in no. which includes the top management, the auditors and other top executive… Read More
The Companies with Woman Directors on their Boards are strengthening in terms of monetary value than those with no women directors on the board. This is not because it is good for your public image and not only because you have to meet government norms rather because it makes good business sense and Boards with… Read More
In the recent revised guidelines, made by the Department of Public Enterprises the government has made it mandatory for all profit-making central public sector companies to spend money on CSR activities. Besides, these enterprises cannot include money spent on sustainable development efforts under the Corporate Social Responsibility (CSR) scope. The Department of Public Enterprises (DPE)… Read More
The central board of excise and customs has issued an order no. 02/ 2014 dated 24th October, 2014 to defer the due date for the service tax return in form ST 3. The date has been extended from 25th October, 2014 to 14th November, 2014. All the service providers are requested to plan and initiate… Read More
The Ministry of Corporate Affairs has amended the Schedule VII of CSR vide a general notification dated 24th October, 2014 informing the stakeholders to increase the scope of activities for spendings as a part of CSR which are as follows: 1. In item no. (i) after the words ' and sanitation' the words contribution made… Read More