Corporate Law News
Power of ROCs to obtain declaration/ affidavits from subscribers/first directors at the time of incorporation
30 May 2013 at 12:06Power of ROCs to obtain declaration/ affidavits from subscribers/first directors at the time of incorporation
Corporate Social Responsibility and the Existing Companies Law
01 May 2013 at 10:48There is no provision for Corporate Social Responsibility (CSR) spending by companies in the existing Companies law i.e. Companies Act, 1956. However, the Companies Bill, 2012 incorporates a provision of CSR under Clause 135. Giving this informati
New Norms for XBRL Filing
30 April 2013 at 17:50New norms have been put in place for Extensible Business Reporting Language (XBRL) filing with effect from 6th October, 2011 for select class of companies. For the financial years 2010-11 and 2011-12 a total of 2,90,39 and 2,57,86 companies respe
Special Task Force Constituted in the SFIO to Investigate-The Affairs of Certain Chit Fund Companies
26 April 2013 at 11:51The Ministry of Corporate Affairs has taken note of the misuse by certain “Chit Fund Companies” who have raised huge sums of money from the public at large. The State Governments are the appropriate authorities for regulation of such c
Monetary Ceilings of Salaries for the Corporate Sector including CEOS and CFOS
23 April 2013 at 12:06There are no monetary ceilings of salaries laid down in the Companies Act,1956 for personnel serving in the corporate sector including CEOs, CFOs and Directors thereof. Giving this information in written reply to a question in the Rajya Sabha toda
Provision for Corporate Social Responsibility
23 April 2013 at 12:02Under Companies Act, 1956 there is no provision for Corporate Social Responsibility (CSR) but the Companies Bill, 2012 incorporates a provision of CSR under Clause 135. This Clause states that every company having net worth of Rs. 500 crore or mor
Relaxation of additional fees and extension of last date in filing of various forms with the Ministry of Corporate Affairs
11 April 2013 at 10:39Relaxation of additional fees and extension of last date in filing of various forms with the Ministry of Corporate Affairs-reg Circular No 08/2013 Dated : 10-04-2013
Competition Commission of India - Amendments to the Combination Regulations
06 April 2013 at 12:09The Competition Commission of India (CCI) has amended the Combination Regulations with a view to further simplify the filing requirements and bring about greater certainty in the application of the Act and the Regulations. The provisions of the Co
ICSI National Awards for Excellence in Corporate Governance - 2012
06 April 2013 at 12:09Chairman of the Awards Jury of the ICSI (Institute of Company Secretaries of India) and former Chief Justice of India Shri Justice M. N. Venkatachaliah here today presented the ICSI National Awards for Excellence in Corporate Governance -2
Companies(Acceptance of Deposits Amendment)Rules, 2013
22 March 2013 at 11:43Companies(Acceptance of Deposits Amendment)Rules, 2013 Dated 21-03-2013
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