corporate law

Section 135 of the Companies Act, 2013 mandates every company above the given threshold levels to comply with Corporate Social Responsibility (CSR) provisions of the Act, and to disclose contents of its CSR policy in its Board’s Report. The penalty provision for non-compliance in this regard is prescribed under Section 134 (8)..

A little more than a half of the provisions of Companies Act, 2013 (Act) came into force from 1st April 2014. Following this, several communications were received in the Ministry of Corporate Affairs from chamber of commerce and professional institutes etc. drawing attention to certain practical difficulties concerning these provisions or seeki..

There are no provisions in the Companies Act, 1956 or 2013 relating to Chit Funds or ‘Chit Fund Companies’. Provisions to this effect are contained in the Chit Funds Act, 1982 which is a Central Act administered by the Ministry of Finance (Department of Financial Services) but its implementation vests in the State Governments concer..

The Ministry of Finance is in the process of strengthening the regulatory framework of the commodity derivative markets for some time. As part of this process, greater empowerment of Forward Markets Commission (FMC), the market regulator is also being done.    div st..

Makes Provision for Empowering SEBI to Initiate Action Against Unregulated Deposit Taking and Ponzi Schemes ; to call for Relevant Information and Records From any Person Among Others    Securities Laws (Amendment)..

No instances of transfer of money abroad by companies on account of any lacunae in the provisions of the Companies Act 1956/2013 has so far been brought to the notice of Ministry of Corporate Affairs by stakeholders or the relevant Agencies of the Government.    div ..

Companies Act 2013 has been enacted only last year and so far a little more than half of its provisions have come into force. Matters arising from the operation of provisions already brought in force are getting attention of Government in the form of issue of circulars, suitable statutory orders and amendments in Rules to..

Section 149 of the Companies Act, 2013 read with Rule 3 of the Companies (Appointment and Qualification of Directors) Rules, 2014 makes it mandatory for every listed company and every public company having paid-up share capital of not less than Rupees one hundred crore or turnover of Rupees three hundred crore or more to ..

The Central Government in the exercise of the powers conferred by sub-section (1) of Section 203 of the Companies Act, 2013 (18 of 2013) read with clause (51) of Section 2  and Section 469 of the said Act, amended the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. div style="font-family: arial; font-s..

Following receipt of queries and suggestions from stakeholders, it has been decided to amend Rule 6 of the Companies (Meetings and Powers of Board) Rules, 2014. This will provide additional time for companies in constituting Audit Committees, and Nomination and Remuneration Committees till 31st March, 2015.  ..

Ministry of Corporate Affairs, Government of India has published a circular with clarification with regard to Section 180 of the Companies Act, 2013.   The MCA acknowledged of receiving many representations regarding various difficulties arising out of implementation of Section 180 of the Act with reference to borrowings and/or creation of security, based on the ba..

The Securities and Exchange Board of India (SEBI) has asked all listed companies to prepare an annual document where all relevant information is available at one place. The document shall be known as ''Annual Information Memorandum'' (AIM) AIM which would be comprehensive in nature will be in addition to the Annual Reports with an objective to provide shareholders ..

Competition Commission of India(CCI) have found the following practices of All India level, State level, District level associations of chemists, druggists, stockists, whole-sellers and manufacturers as anti-competitive:   ..

Up to 25.11.2013, the Competition Commission of India has imposed penalty of Rs. 8024.18 crore on 154 parties in various cases out of which an amount of Rs. 19.37 crore has been recovered and deposited in Government Account from 58 parties. Giving this information in writt..

Competition Commission of India (CCI) and the Directorate General for Competition of the European Commission (DG, Competition) have signed a Memorandum of Understanding on Cooperation in the Field of Competition Laws. The MoU was signed during the ongoing 3rd BRICS Interna..