corporate law

Dear Members,       Please find below a useful corporate article containing some useful sample board resolutions. This article is also very handy for other ..

Dear Professional c..

Risk Revisited :-When you invested, you did so with certain expectations about the performance of the company, the prospects of income from and/or the capital growth of the securities that you now hold, the corporate benefits that may accrue to you etc. While making that investment decision, you should have, obviously, taken note of and duly evaluated the attenda..

Introduction When a borrower, who is under a liability to pay to secured creditors, makes any default in repayment of secured debt or any installment thereof, the account of borrower is classified as nonperforming assets (NPA) .NPAs cannot be used for any productive purposes because they reflect the application of scarce capital and credit funds. Continued growth in NPA threatens the repayment ca..

Introduction When a borrower, who is under a liability to pay to secured creditors, makes any default in repayment of secured debt or any installment thereof, the account of borrower is classified as nonperforming assets (NPA) .NPAs cannot be used for any productive purposes because they reflect the application of scarce capital and credit funds. Continued growth in NPA threatens the repayment ca..

COMPETITION ACT , 2002       OBJECTIVE       Competition Act, 2002 is passed keeping in view of the economic development of the country with following objective:..

  LIMITED LIABILITY PARTNERSHIP –A NEW LEGAL ENTITY     vspan style="font: 7pt 'Times..

Rising prices has been a growing nightmare for the common people. The Reserve Bank of India, aware of this, sent out the strongest signal ever about its intention to curb inflation and inflationary expectations in its third quarter monetary and credit policy on Friday. It raised the cash reserve ratio (CRR), i.e. the cash that the banks have to keep with the RBI, by..

The Insurance Regulatory and Development Authority (Irda) has issued disclosure norms for insurance companies, mandating them to publish accounts on a half-yearly basis. The disclosure norms are seen as a precursor to allowing insurance companies to hit the primary market. According to the new norms, insurers will have to publish their balance..

The deterioration in the overall asset quality of banks — gross non-performing assets (NPAs) are reportedly 27% higher at the end of December 2009 than at the end of December 2008 — is not surprising. Any slowdown in growth is bound to trigger a rise in NPAs as more and more companies default on loan repayments. The effect would be prono..

In order to make exports of services from India internationally competitive, the Government of India has zero rated such exports. Consequently, the services exporting community is entitled to obtain refunds of input tax credits or utilise such credits to offset domestic output service taxes. The IT and the ITES industry is a key part of the service expor..

The Central Board of Direct Taxes (CBDT) is in a fix over the application of one safe harbour rate to all sectors. A committee, formed last month to frame safe harbour rules as announced in the 2009-10 Budget to minimise transfer pricing disputes, has estimated that there is a huge difference in the margins of companies which would come under the ambit o..

To prevent misuse of class action suits, the new Companies Act may specify a minimum number of shareholders or creditors of companies for exercising the right to file such cases, the Corporate Affairs Minister, Mr Salman Khurshid, has said. This is a major change from the current position on class action suits as mentioned in the Companies Bill, 2009, which is now b..

In our daily routine we blindly follow other people's directions instead of relying on our own intelligence because it is easy to place responsibility on others. Once, a sergeant in his training session asked the recruits why walnut wood was used for making the rifle. The recruits thought hard and one of them answered, 'Because walnut is harder than other types of n..

[PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART – II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA, MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 11th day of January , 2010. G.S.R. 24 (E). – In exercise of the powers conferred by sub-section (1) and (2) of section 79 of the Limited Liability P..