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Posted Date : 17-Sep-2015 , 08:13:59 am | Posted By CASANSAAR
A meeting of the Central Board of Trustees of Employees Provident Fund Organisation (EPFO) here on Wednesday decided to enhance the insurance benefit payable to dependents of the members of the Employees’ Provident Fund from the present Rs. 3.60 lakh to 6 lakh. The move under the Employee...
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Posted Date : 17-Sep-2015 , 08:05:57 am | Posted By CASANSAAR
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the proposal to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015. The proposed amendments to the Negotiable Instruments Act, 1881 (“The NI Act”) are focused on clarif...
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Posted Date : 02-Sep-2015 , 08:43:24 am | Posted By CASANSAAR
The Controller General of Patents, Designs and Trade Marks has issued new guidelines for issuance of computer-related inventions, which could make it easier for IT companies in the country to register a patent. The guidelines, issued on August 21, allow companies to show innovation in just softwa...
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Posted Date : 27-Aug-2015 , 08:04:39 am | Posted By CASANSAAR
The government will move an amendment Bill inParliament to make India a favourable place to settle disputes through arbitration. The Cabinet on Wednesday cleared the Arbitration and Conciliation (Amendment) Bill, 2015 for this purpose, amid companies such as&nbs...
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Posted Date : 19-Aug-2015 , 08:28:03 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has invited applications for 10 posts of Technical Member in the National Company Law Tribunal (NCLT) to be constituted under Section 408 of the Companies Act, 2013. A member of the Institute who is, or has been in practice as a chartered accountant for at ...
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Posted Date : 14-Aug-2015 , 08:16:39 am | Posted By CASANSAAR
The Bar Council of India has introduced an exhaustive mechanism for ascertaining fake and non-practicing lawyers and with that purpose it has already framed the BCI certificate and Place of Practice (verification) Rules 2015, law minister Sadananda Gowda said on Thursday. The minister said ...
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Posted Date : 31-Jul-2015 , 09:33:40 pm | Posted By CASANSAAR
The Ministry, during the last three years and current year, has ordered investigation into the affairs of 145 companies which were allegedly involved in illegal deposit taking activities. A State-wise list of these companies is enclosed as Annexure. In many of the cases where investigatio...
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Posted Date : 26-Jul-2015 , 04:38:36 pm | Posted By CASANSAAR
Thirty per cent of lawyers in the country are fake, possessing 'fraudulent' law degrees or non-practising persons, and were degrading the profession, Bar Council of India Chairman Manan Kumar Mishra has said. He also said 20 per cent of persons sporting lawyers robes did not have proper l...
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Posted Date : 25-Jul-2015 , 08:22:17 am | Posted By CASANSAAR
The President of India has promulgated the Negotiable Instruments (Amendment) Ordinance, 2015 (No.6 of 2015) on 15th June, 2015. The Ordinance provides for determination of territorial jurisdiction of courts for trying cases relating to offence of dishonour of cheques under Section 138 of the Negoti...
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Posted Date : 22-Jul-2015 , 10:45:07 pm | Posted By CASANSAAR
Leading stock exchange NSE has issued notices to 260 companies, including 145 suspended firms, for their alleged failure to comply with Sebi norms to appoint at least one female director on their respective boards. Sebi had issued guidelines in February last year asking companies to appoint at ...
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Posted Date : 17-Jul-2015 , 07:54:20 am | Posted By CASANSAAR
The Competition Commission of India(CCI)has imposed a total penalty of Rs. 671.05 crores upon4 Public Sector Insurance Companies for manipulating the bidding process initiated by Government of Kerala for selecting insurance service provider for RashtriyaSwasthyaBimaYojna for the years 2010-11, 2011-...
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Posted Date : 13-Jul-2015 , 10:10:21 pm | Posted By CASANSAAR
Top bourse BSE has issued notices to 530 companies with regard to imposition of fines for not complying with Sebi norms to appoint at least one woman director on their respective boards within the prescribed timelines. The capital markets watchdog had issued guidelines in February last year askin...
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Posted Date : 17-Jun-2015 , 09:23:14 pm | Posted By CASANSAAR
An ordinance that will allow filing of cheque bounce case at the place where the cheque was presented for clearance has been promulgated by President Pranab Mukherjee. The President has promulgated the Negotiable Instruments (Amendment) Ordinance, 2015, on Monday that will help lakhs of persons b...
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Posted Date : 10-Jun-2015 , 10:34:01 pm | Posted By CASANSAAR
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the proposal to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015. The proposed amendments to the Negotiable Instruments Act, 1881 (“The NI Act”) are focused on clarif...
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Posted Date : 13-Apr-2015 , 06:47:33 pm | Posted By CASANSAAR
The founder of Satyam Computer Services, Ramalinga Raju, who was found guilty in an accounting fraudcase and sentenced to seven years' imprisonment last week, has filed an appeal to challenge the court's verdict. Uma Maheshwar Rao, a lawyer for Raju, told R...
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Posted Date : 09-Apr-2015 , 11:11:54 pm | Posted By CASANSAAR
Former chairman of Satyam Computers B. Ramalinga Raju and nine other accused in the Satyam Computers scandal have been awarded seven years rigorous imprisonment and imposed varying amounts of fine by a Special Court in Hyderabad on Thursday. All the 10 accused in the multi-crore Satyam Computers acc...
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Posted Date : 20-Feb-2015 , 08:44:32 am | Posted By CASANSAAR
The government has launched a single window e-Biz portal for 11 Central government services to bring transparency and ease of doing business in the country. Launching the portal in New Delhi yesterday, Finance Minister Arun Jaitley said, the project will help in fostering the business environment in...
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Posted Date : 20-Feb-2015 , 08:22:37 am | Posted By CASANSAAR
A panel, that includes Parliamentarians, will render advise to the Ministry of Corporate Affairs on "progressive use" of Hindi language. The 'Hindi Salahkar Samiti' would have members from the Lok Sabha, the Rajya Sabha as well as representatives from the voluntary organisatio...
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Posted Date : 06-Feb-2015 , 06:14:58 pm | Posted By CASANSAAR
The Central Government will the notify adoption of the proposed Indian Accounting Standards (Ind AS), the converged Indian version of International Financial Reporting Standards (IFRS), by March. The Ind AS will come into effect for the first time in 2016-17 Indian corporate balance sheets. Stock ex...
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Posted Date : 29-Jan-2015 , 08:45:18 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has said that it supports the NDA government’s decision to amend the Companies Act, 2013, by making it easier to get approvals for related party transactions by non-related shareholders through a simple resolution, instead of special resol...
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Posted Date : 21-Jan-2015 , 08:48:58 am | Posted By CASANSAAR
Amending rules under the companies law, government has exempted unlisted firms having overseas subsidiaries from preparing consolidated financial statement for the current financial year. Besides, the Corporate Affairs Ministry has amended rules pertaining to Corporate Social Responsibility...
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Posted Date : 19-Jan-2015 , 02:21:54 pm | Posted By CASANSAAR
CS.Atul Mehta & CS Mamta Binani has been elected as President & Vice President of The Institute of Company Secretaries of India.(ICSI) CASANSAAR Congrats CS.Atul Mehta & CS Mamta Binani for being elected as President & Vice-Presient of ICSI....
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Posted Date : 17-Jan-2015 , 10:32:00 pm | Posted By CASANSAAR
Form AOC-5 is available for filing w.e.f. January 17, 2015. Form AOC-5: Notice of address at which books of account are maintained. All about Form AOC-5 eForm AOC-5 is required to be filed pursuant to Section 128 of the Companies Act, 2013. Section 128: (...
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Posted Date : 17-Jan-2015 , 10:31:07 pm | Posted By CASANSAAR
The days when nomination of an independent director solely depended on his or her personal relationship with the promoter of any company could soon become a thing of the past. As the new Companies Act makes independent directors more accountable, many listed as well as unlisted firms ...
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Posted Date : 15-Jan-2015 , 08:18:57 am | Posted By CASANSAAR
The corporate affairs ministry is rolling out a three-stage plan for implementation of the remaining 40% provisions of the new Companies Act and it wants to notify most of the remaining sections by the end of this year to facilitate transition to new law. In the next six months, the ministry pl...
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Posted Date : 05-Jan-2015 , 08:39:49 am | Posted By CASANSAAR
The corporate affairs ministry has charted its road map for full implementation of the new Companies Act that envisages setting up Investor Education and Protection Fund Authority (IEPFA) and National Financial Reporting Authority (NFRA) within six months.The government is already in final stages of...
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Posted Date : 04-Jan-2015 , 10:08:56 am | Posted By CASANSAAR
The ministry of corporate affairs (MCA) has drawn up a revised roadmap for companies for implementation of the Indian Accounting Standards (Ind AS) converged with the International Financial Reporting Standards (IFRS) for companies other than banking companies, insurance companies and NBFCs. The min...
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Posted Date : 29-Dec-2014 , 08:44:48 am | Posted By CASANSAAR
Stating that no law can be considered perfect, the Corporate Affairs Ministry has said the new Companies Act provides an opportunity for self- regulation and greater transparency. The new Act, which replaces the nearly six-decade-old legislation that governs corporates, was pass...
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Posted Date : 26-Dec-2014 , 09:12:24 pm | Posted By CASANSAAR
More than nine months since the new companies law came into force, most executives feel that the legislation is more "user-friendly" compared to the previous one, according to a survey. However, majority of respondents said it would be challenging for listed companies to comply with provisi...
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Posted Date : 18-Dec-2014 , 08:37:35 am | Posted By CASANSAAR
The Lok Sabha, the lower house of the Parliament, has passed the Companies (Amendment) Bill, 2014, which will make it easier for corporates to do business and to ensure severe punishment for illegal money pooling activities, among other things. The amendments have been proposed in order to ...
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