Corporate Law Articles

Forfeiture of Shares

Posted by CS Ankur Srivastava 19 September 2011 99735 Views

While making calls the following basic requirements must be satisfied: (i) For each call at least 14 days' notice must be given to members. (ii) Stock exchange(s) shall be advised of the proposal a

All about rights, duties and liabilities of a Director

Posted by G S Rao 12 September 2011 319732 Views

All about rights, duties and liabilities of a Director INTRODUCTION: Prosecution of Mr. Keshub Mahindra, for the Bhpoal gas tragedy which resulted in loss of several lives, sent shock waves in the Corporate world. Mr. Kesub Mahindra was non Executi

MCA's initiative to speed up winding up

Posted by Nidhi Ladha 30 August 2011 9750 Views

The Faster way to Corporate Death MCA initiates Measures to Speed-up Winding Up Team Vinod Kothari & Company vinodkothari@vinodkothari.com/ nidhiladha@vinodkothari.com Question 1: How long does it take to form a company? In older days, near

Insider Trading - An Overview (Part I)

Posted by CMA. CS. Sanjay Gupta 29 August 2011 39575 Views

Meaning of "Insider" An insider is understood as a person having control over the management of affairs of the corporation and who has deep insight into the affairs

Write up on Company Law Settlement Scheme, 2011

Posted by CS DHANAPAL 17 August 2011 16507 Views

S.DHANAPAL & ASSOCIATES Practising Company Secretaries Chennai WRITE UP ON COMPANY LAW SETTLEMENT SCHEME, 2011 AND FAST TRACK EXIT MODE FOR DEFUNCT COMPANIES

Filing of Balance Sheet in XBRL Format and practical aspects

Posted by CS Ankur Srivastava 12 August 2011 57927 Views

FILING IN XBRL FORMAT AND ITS PRACTICAL ASPECTS As such, following class of companies are required to file their Balance Sheet and Profit and Loss Account in XBRL Format:-

Company Law Settlement Scheme 2011: First Comes First!!

Posted by Pankaj Pendse 10 August 2011 14818 Views

Ministry of Corporate Affairs vide its latest General Circular No.59/2011 has introduced a Company Law Settlement Scheme 2011 ( hereinafter referred as CLSS 2011) to regularize the belated filings of the documents with the Ministry of Corporate Affa

How Many House Properties an NRI Can Own or Hold in India?

Posted by CA. Anuj Gupta 09 August 2011 24227 Views

Foreign Exchange Management Act,1999 under section 6(3)(i)grants permission to RBI to prohibit,restrict or regulate acquisition or transfer of immovable property in India, by a person resident outside India. RBI pursuant to powers conferred under se

SARFAESI Act'2002: Boon For Banks Curse for Borrower

Posted by CA. Vikash Dwivedi 03 August 2011 27215 Views

THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSESTS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 SARFAESI Act, as the name of the act suggests, deals with 3 matters: Securitisation [Sec 2 (1) (z)] Reconstruction of Financial Asset [Sec

Can NRI or PIO Remit Sale Proceeds of Inherited Immovable Property

Posted by CA. Anuj Gupta 01 August 2011 17801 Views

Sale proceeds of any immovable property inherited by NRI / PIO from a person resident in India can be remitted abroad subject to a ceiling of USD one million per financial year subject to production of documentary evidence in support of inher