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Corporate Governance Voluntary guidelines 2009: A study

“Citizens never support a weak company and birds do not build nests on a tree that does not bear fruits” Minister Salman Khurshid quoted Arthshastra while introducing Corporate Governance Voluntary Guidelines 2009 (CGV Guidelines). These guidelines being recommendatory in nature, focus on fairness, transparency, accountability and responsibility by Indian Incorps. CGV Guidelines are set of […]

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Oral Tuition Classes

The contents on this page are meant for the Oral Tuition Batch of Group II Intermediate Stage of EIRC of ICSI. This is for reference of students of ICSI as mentioned earlier, and should not be printed, produced, reproduced for any other use. The content is provided in good faith, however there is no liability […]

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Articles

Limited Liability Partnerships

Limited Liability Partnerships, Apple pie for maturing service industry in India
Limited Liability Partnerships can be defined as an alternative to the traditional partnerships and can most appropriately be described as a hybrid between a company and a partnership that not only provides the benefits of limited liability but allows its members the flexibility of organizing their internal structure as a partnership based on a mutual agreement arrived between them.

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Checklists

Obtaining Director Identification Number

Introduction The e-governance initiative of Ministry of Corporate Affairs(MCA) brought in the concept of Director Identification Number (DIN). Every Director or proposed Director is required to register himself with the MCA and obtain an unique identification number (Section 266A to 266 inserted by  Companies (Amendment) Act, 2006). Step by step process to be followed by […]

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Checklists

Application for exemption under Section 211/212

Applications seeking exemption under Section 211 of the Companies Act should be accompanied by : Specific Board resolution in support of the proposal indicating specific paras of Part II of Schedule VI and the financial year in respect of which exemption is sought. Copies of approvals under Section 211 obtained, if any, during the last […]

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Updates

Others recent

Date Update 3-April-2014 Bandhan, IDFC bag licences to set up banks:. 21-August-2012 RBI:Overseas Direct Investments – Rationalisation of Form ODI 13-August-2012 RBI:Exim Bank’s Line of Credit of USD 40.32 million to the government of the Republic of Chad. 7-April-2010 New RBI norm on interest computation to cheer savings account holders 1-April-2010 RBI gives more leeway […]

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Updates

Taxation Laws recent

Date Update 11 February 2014 Clarification regarding scope of additional income-tax on income distributed to unit holders 24 January 2014 Explanatory Notes to the Provision of Finance Act, 2013 13 January 2014 SECTION 194-I OF THE INCOME-TAX ACT, 1961 – DEDUCTION OF TAX AT SOURCE – RENT – CLARIFICATION REGARDING TDS UNDER CHAPTER XVII-B ON […]