The Ministry of Corporate Affairs (MCA) issued a circular on Monday issued a circular stating the clarification on dispatch of Notice under Section 62(2) of the Companies Act, 2013 by the listed companies for rights...
Just as profits drive business, incentives drive the managers of the business. Not surprisingly then, in a fiercely competitive corporate environment, managerial remuneration is an important piece in the management puzzle. While it is important...
Citigroup Inc. and its subsidiaries (“Citi”) invite all qualified interested applicants to apply for the post of Risk Operation Analyst. Citibank is the consumer division of financial services multinational Citigroup. Citibank was founded in 1812...
The Morgan Stanley Advantage Services Pvt. Ltd. has invited applications from eligible candidates with 0-2 year experience. The Morgan Stanley Advantage Services Pvt. Ltd is an American multinational investment bank and financial services company headquartered...
In the wake of Coronavirus (COVID-19), the Ministry of Corporate Affairs (MCA) issued an Office Memorandum to clarify contribution to Prime Minister’s Citizen Assistance and Relief in Emergency Situation PM-CARES Funds as eligible Corporate Social...
The Ministry of Corporate Affairs (MCA) has mandated the Time frame for filing declaration in form NDH-4 by Nidhi Companies in order to make the regulatory regime more effective and also to accomplish the objectives...
In the light of the pandemic COVID-19, Securities Exchange Board of India (SEBI) has decided to relax yearly, half-yearly and quarterly compliance stipulations specified under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR)...
The Ministry of Corporate Affairs (MCA) has issued an order named Companies ( Auditor’s Report ) Order, 2020. The Companies (Auditor’s Report) Order 2020 will be applicable to all the companies including foreign companies and...
The National Company Law Tribunal (NCLAT), New Delhi held that the auditor cannot be debarred for 5 years under Companies Act, 2013 in the absence of evidence supporting fraudulent intentions. In the case of Mukesh...
The Ministry of Corporate Affairs (MCA) has issued a circular containing clarifications on the procedures to be followed by Insolvency Professional while filing forms in the MCA-21 Registry. The Circular was issued after the MCA...
The Income Tax Appellate Tribunal (ITAT), Bangalore held that belated paid service tax collected to Government exchequer can be allowed on actual payment in the assessment year in which it was actually paid. The assessee...
The Maharashtra Appellate Authority for Advance Ruling (AAAR) has held 18% Goods and Services Tax (GST) applies to the construction of flats to be given on lease. The appellant wishes to submit that since the...
The Allahabad High Court has quashed the order of the Uttar Pradesh Registrar of Companies(ROC) where it declared directors of various companies to be disqualified to continue as directors of the companies where they were...
Through the Companies (Amendment) Act, 2019, changes were made in the Companies Act, 2013, inter alia, to convert 16 criminal offences into civil wrongs. This was stated by Shri Anurag Singh Thakur, Union Minister of...
Here are a few predictions that did rounds before the presentation of the Union Budget 2020. We examine how these predictions have turned into actual facts. Expectations Reality TAX SLABS up to Rs. 5 lakh...
The Central Government last Thursday published new directions to include Limited Liability Partnerships (LLPs) in the condonation of delay scheme available under the Companies Act 2013. Section 460 under the Companies Act 2013, states that,...
In November 2019, SEBI had constituted a Working Group to review the provisions relating to Related Party Transactions (‘RPTs’). The terms of reference of the Working Group were to make recommendations to SEBI on issues...
The Finance Minister, while announcing the budget 2020 has proposed to amend the Companies Act, 2013 to substitute criminal liability by civil liability. The Finance minister stated that “tax harassment” would not be tolerated and...
The Ministry of Corporate Affairs (MCA) through a notification dated January 24, 2020, notifies the Companies (Winding Up) Rules, 2020 will be effective from April 1, 2020, which consists of Rule 1 to 191 and...
The Institute of Companies Secretaries of India ( ICSI ) has submitted a representation on Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020 before the Ministry of Corporate Affairs (MCA). In a representation...
The Gujarat High Court set aside Reassessment Notice issued to the amalgamated company which ceased to exist after approval of the composite scheme of arrangement. The petitioner filed before this court by the petitioner company...
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