Articles by G S Rao

Recent Judgement of Supreme Court on Trade Discounts

G S Rao 15 March 2012 at 15:03

Recent Judgment of Supreme Court on Trade discounts ` (M/s. IFB Industries Ltd. Vs. State of Kerala (Supreme Court) Background A Division bench of the Kerala High Court, in the case of M/s IFB industries Ltd has held that unle

Old Schedule VI vs Revised Schedule VI - Related issues

G S Rao 27 February 2012 at 12:56

Old Schedule VI Vs Revised Schedule VI Related issues Introduction: Section 211 provides that every balance sheet of a company shall give a true and fair view of the state of affairs of the company as at the end of the financial year and

All about rights, duties and liabilities of a Director

G S Rao 12 September 2011 at 16:24

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

Critical Study of Dishonour of Cheques Under Negotiable Instruments Act,1881

G S Rao 01 July 2011 at 13:38

CRITICAL STUDY OF DISHONOUR OF CHEQUES UNDER NEGOTIABLE INSTRUMENTS ACT,1881 Introduction: Cheques are very convenient instruments which can be issued to settle payments or obligations in a contract or even to give gift

A look at the Right to Information Act,2005

G S Rao 03 June 2011 at 12:26

A LOOK AT THE RIGHT TO INFORMATION ACT, 2005 Introduction Many frauds or corrupt practices or swindling of public money have come to public notice because of the effective use of Right to information Act by some of the social activists. It is fel

A look at the provisions of Indian Stamp Act, 1899

G S Rao 27 May 2011 at 11:48

A LOOK AT THE PROVISIONS OF INDIAN STAMP ACT,1899 Introduction There are some Acts which are difficult to understand and follow correctly. In my view The Indian Stamp Act, 1899 and Registration Act and Transfer of property Act, are those Acts which

All about Wills

G S Rao 19 May 2011 at 15:37

All about Wills Do you intend to make a Will ? If the answer is yes then you must read this. A Will is a legal declaration by the testator expressing his intention with respect to his property which he desires to be carried into effect after his de

About Nomination Under Various Acts

G S Rao 25 April 2011 at 15:17

ABOUT NOMINATION UNDER VARIOUS ACTS Nomination is legally accepted under law. Various Acts have framed Rules relating to nomination. It is significant to note that all acts recognize the importance of nomination, but some Acts provide f

Managerial Remuneration

G S Rao 21 March 2011 at 11:55

Managerial Remuneration The General Circular No. 4/2011 Dated:- 4th March, 2011 issued by Ministry of Corporate Affairs is welcome. Some grey areas in the provisions of Section 309 and Section 198 will now stand clarified with this circular. For the