Corporate Law Reporter - The Daily Journal

Electoral Laws of India

S. K. Mendiratta* India is a sovereign, socialist, secular democratic republic. Democracy is one of the inalienable basic features of the Constitution of India and forms part of its basic structure (Kesavanand Bharati v State of Kerala and Others AIR 1973 SC 1461). The concept of democracy, as visualized by the Constitution, pre-supposes the representation of the… Read More

Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Obligations of Securities Market Intermediaries under the Prevention of Moneylaundering Act, 2002 and Rules framed there under

Securities and Exchange Board of India CIRCULAR CIR/MIRSD/1/2014 March 12, 2014 To, All Intermediaries registered with SEBI (Through the stock exchanges for stock brokers and sub brokers, Depositories for depository participants and AMFI for Asset Management Companies) Dear Sir/Madam, Sub: Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Obligations of Securities Market Intermediaries under the Prevention… Read More

Implementation Group on OTC Derivatives Market Reforms

In response to the financial crisis that began in 2007, the G-20 initiated a series of reforms designed to strengthen the regulation and oversight of the financial system and tasked the Financial Stability Board (FSB) with coordinating the reforms and assessing their implementation. An important aspect of these reforms is a commitment to enhance the… Read More

Export of Goods and Services: Export Data Processing and Monitoring System (EDPMS)

RBI/2013-14/507 A.P. (DIR Series) Circular No. 109 February 28, 2014 To All Category - I Authorised Dealer Banks Madam / Sir, Export of Goods and Services: Export Data Processing and Monitoring System (EDPMS) Attention of Authorised Dealers is invited to A. P. (DIR Series) Circular No. 12 dated September 9, 2000 read with A.P. (DIR… Read More

Efficient systems and Proficient banks – Keynote address delivered by Shri G Padmanabhan, Executive Director, Reserve Bank of India, at the CIOs Conference held at IDRBT on March 10-11, 2014

Shri Sambamurthy, Dr Ramasastri, Dr Gulshan Rai, CIOs of banks, faculty and staff of IDRBT, ladies and gentlemen. I would like to express my gratitude to the Director for inviting me to deliver the keynote address at the two day Conference for the Chief Information Officers (CIO) of banks. I addressed a similar forum of… Read More

Notifications issued by the MCA on Corporate Social Responsibility- Grey areas galore

The Ministry of Corporate Affairs (MCA) with a view to roll out the requirements of Corporate Social Responsibility (CSR) from the beginning of the new financial year 2014-15 as proposed by the Hon™ble Minister of Corporate Affairs have come out with three notifications on February 27,2014 which are as under: 1) Vide the first notification… Read More

Two-Tier Boards in Indian Corporations? An analysis

Corporate governance practices are in a continuous state of evolution, particularly in a developing economy such as India. It is argued that corporate governance practices in India are an imperfect emulation of western practices, particularly of the Cadbury Committee Report, and subsequently, the UK Corporate Governance Code and the Sarbanes-Oxley Act of 2002 (Sarbanes-Oxley).… Read More

Notification relating to amendments of Schedule VII of Companies Act, 2013

Notification relating to amendments of Schedule VII of Companies Act, 2013 is attached. Read More

Companies (Corporate Social Responsibility Policy) Rules, 2014

Companies (Corporate Social Responsibility Policy) Rules, 2014 are attached. Read More

Notification relating to effective date of provisions of section 135 and Schedule VII of Companies Act, 2013

1st April, 2014 has been appointed as the effective date of the provisions of Section 135 related to Corporate Social Responsibility Read More

Framework for Revitalising Distressed Assets in the Economy Guidelines on Joint Lenders™ Forum (JLF) and Corrective Action Plan (CAP)

RBI/2013-14/503 DBOD.BP.BC.No.97/21.04.132/2013-14 February 26, 2014 All Scheduled Commercial Banks (excluding RRBs) All-India Term-lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Framework for Revitalising Distressed Assets in the Economy Guidelines on Joint Lenders' Forum (JLF) and Corrective Action Plan (CAP) Please refer to the Framework for Revitalising Distress Assets in the Economy… Read More

Meetings through Video Conferencing – Is it legally tenable

Participation by Directors in Meetings of the Board/Committee of Directors under the Companies Act, 1956 through electronic mode- Is it legally tenable. Introduction-Position under the Companies Act,2013 Section 173(2) of the Companies Act,2013 (hereinafter referred as The New Act) lends validity to the participation of Directors at a meeting of the Board either in person… Read More

Bold face of India™s economy speaks out

Bold face of India™s economy speaks out - Governor Dr. Raghuram Rajan™s interview with The Australian Financial Review published on February 24, 2013 Emerging markets Jacob Greber and Greg Earl report on governor with an impeccable pedigree Raghuram Rajan represents the bold face of India's potential new economy impeccably credentialed, upbeat and ready to force… Read More