Corporate Law Reporter - The Daily Journal

Modi to ease norms of doing business in India

The Prime Minister of India Shri Narendra Modi is all set to highlight his government's initiatives to make it easy and simple to do business in India in his major interaction with the industry typhoons for the very first time after he had held his office as PM. The effort forms an integral part of… Read More

Companies (Appointment & Qualification of Directors) Amendment Rules, 2014

The Ministry of Corporate Affairs has issued a notification w.r.t. Companies (Appointment & Qualification of Directors) Amendment Rules, 2014 dated 18th September, 2014. The effect of the amendment made in Companies (Appointment & Qualification of Directors) Rules, 2014 are as follows: 1. In sub-rule (2) of rule 6 of Companies (Appointment & Qualification of Directors)… Read More

Sensex extends gains as moves up in the early trades

The BSE stock indices rose over 70 points in the early trade, extending gains on a long term sustainable trading by the retail individual investors despite of a stagnant and firming trend overseas. The Index gained over 70 points and the shares of power, realty, infrastructure, healthcare and metal sector were amongst the hot stocks… Read More

National Advisory Committee on Accounting Standards under CA 1956 to rule till the formulation of National Financial Reporting Authority under CA 2013

The Ministry of Corporate Affairs has notified the constitution of the members of the National Advisory Committee on Accounting Standards (NACAS) and has also declared names of the members as specified in the notification attached below that these members shall play a pivotal role to advise the Central Government in the implementation and formulation of… Read More

Clarification with regard to provisions of Section 135 under CA 2013 w.r.t Corporate Social Responsibility

The Ministry of Corporate Affairs has issued a Circular No. 36/2014 dated 17.09.2014 making reference to the rules dated 12.09.2014 with regard to the Companies (Corporate Social Responsibility) Amendment Rules, 2014 to provide clarification with respect to the provisions of Corporate Social Responsibility and the amendment can be highlighted as follows. 1. The provisions contained… Read More

Version of certain e-forms under CA 2013 changed w.e.f. 21st September, 2014

The Ministry of Corporate Affairs has issued general notice to all the stakeholders thereby informing the change in the version of certain e-forms under the Companies Act, 2013. The list of the forms is as follows: 1. DIR-3 2. DIR-6 3. INC-27 4. DPT-4 5. MGT-10 6. ADT-3 7. DIR-3C Hence, all the stakeholders are… Read More

Modi Government plans to penalise CSR defaulters under Companies Act, 2013

The Modi Government has drafted plans to penalise the Companies under the provisions of Section 135 (Corporate Social Responsibility) of the Companies Act, 2013 as now it will be very difficult for the companies to get away from not spending the mandatory 2% of their profits on Corporate Social Responsibility(CSR) as specified by law .… Read More

Foreign Direct Investment (FDI) in India – Issue of equity shares under the FDI Scheme against legitimate dues

RBI/2014-15/234 A.P. (DIR Series) Circular No.31 September 17, 2014 To All Category - I Authorised Dealer Banks Madam / Sir, Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI Scheme against legitimate dues Attention of Authorised Dealers Category I (AD Category - I) banks is invited to the Foreign Exchange… Read More

Know Your Customer norms : Creating Public Awareness

RBI/2014-15/233 UBD. BPD (PCB).Cir.No.16/14.01.062/2014-15 September 16, 2014 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam/Dear Sir, Know Your Customer (KYC) Norms Creating Public Awareness The Reserve Bank of India, in the recent times, has been taking several measures to simplify KYC requirements to help the common man open bank accounts. It is, however,… Read More

Seminar on “IT AND TECHNOLOGY CONTRACT” by VC Circle at Bengaluru

IT & Technology contracts are subject to the same statutes and principles of common law as any other lawful contract. There are, however, several unique features of information technology contracts which have compelled the courts to give such contracts special legal consideration. This highly practical workshop will enhance your both technical and practical skills of… Read More

Amendments in Clause 49 of the Listing Agreement

The Securities and Exchange Board of India has issued a circular in continuation of circular dated 17th April, 2014 w.r.t amendments made in clause 35B and 49 of the listing agreement. Also, further the Ministry of Corporate Affairs has issued various circulars after the commencement of the Companies Act, 2013 with regard to the appointment… Read More

Companies (Corporate Social Responsibility) Amendment Rules, 2014

The Ministry of Corporate Affairs has issued Companies (Corporate Social Responsibility) Amendment Rules, 2014 dated 12th September, 2014 by making amendment in Sub-rule 6 of rule 4 of the Companies (Corporate Social Responsibility) Rules, 2014. The amended sub-rule 6 shall be as follows: Companies may build CSR capacities of their own personnel as well as… Read More

FICCI survey concluded Indian Economy to grow at 5.6%in 2014-15

The MODI led BJP government at ruling which has the objective of restoration of growth and good governance has given very positive results after the completion of initial 100 days. The confidence amongst the investors has increased and hope that will go ahead in line with the implementation of objectives of the new government. Also,… Read More