Corporate Law Articles
Circular Resolution - When & How
CIRCULAR RESOLUTION (SEC 289) As per the provisions of The Companies Act 1956 & Secretarial Standards a
Direct Investment by Residents in JV & WOS Abroad - (FEMA)
Adit 12.00 The Date of 24th July of 1991 is taken as a turning point in the history of the Industrial Develop
Appointment of Company Secretary in listed company
Chennai based listed company having paid up capital less than Rs.5 crores taken a view that it does not require whole time company secretary in employment. As per Section 383A, of Companies Act, 1956, there is no mandatory requirement of appointm
Insider Trading - An Overview (Part II)
Insider Tading An Overviw (Part II) Disclosure requirements Initial Disclosure by member Any person who holds more than 5% shares or voting rights in any listed company shall disclose to the company/Compliance Officer in Form A, the
An introduction to FEMA 1999
The Foreign Exchange Management Act 1999(FEMA) was an act passed in the winter session of Parliament in 1999
XBRL An effective tool
XBRL- Providing A Big Leap In Financial World With the advent of XBRL the process can be expected to be smooth and will be beneficial in the long run. The management of the company,
Buy Back of shares - Who is benefited the most?
BUY BACK OF SHARES- WHO IS BENEFITTED THE MOST? CS Abhishek Goyal As we are aware, Indian companies were not allowed to repurchase its own securities prior to coming into force of Companies (Amendment) Act, 1999. The said amendment inserted new s
Subsidiaries under section 397/398 of Companies Act, 1956?
It is very frequently alleged that the remedy available to shareholders under section 397/398 of the Companies Act, 1956 is not effective. There are several issues to say as to why the remedy available to the shareholders under section 397/398 of
Snapshot of Independent Director
INDEPENDENT DIRECTORS A Snapshot. The new legislation may require an independent director to have understan
Forfeiture of Shares
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
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