February 2014

MCA issued clarification on Section 185 & 372A of the Companies Act

Based on the several representations made, MCA vide its Circular No 3/2014 dated 14.2.14 clarified that exemption provided in clause (d) of sub section (8) of Section 372A of the Companies Act 1956 will continue to have its effect till the time Section  186 of the Companies Act 2013 is notified. Hence guarantee or security …

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Analysis of Related Party Transactions – Companies Act 2013

ANALYSIS OF COMPANIES ACT, 2013 – INSIGHT INTO RELATED PARTY TRANSACTIONS: Provisions of disclosure of interest by director & approvals for related party transactions (RPT) has undergone a distinct change in the Companies Act, 2013. However, the same are yet to become applicable. Government has decided to discontinue the old approval regime which required prior …

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ICSI WIRC Focus 2012 – Chairman’s Communique

Dear Professional Colleagues, For the last time I am writing to you as “Chairman WIRC”. I was fortunate to get an opportunity to lead the entire Western Region consist of more than 2.5 lacs students, around 10,000 members, 17 offices, few hundred staff members, chapter office bearers, counselors, and 16 chapters located in 5 states …

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कंपनी कायदा २०१२ – नवे बदल, नव्या वाटा, नवी दिशा

(लेखक हे इन्स्टिट्यूट ऑफ कंपनी सेक्रेटरीज या संस्थेच्या पश्‍चिम विभागीय मंडळाच्या कार्यकारिणीचे सदस्य व माजी अध्यक्ष आहेत. या लेखातील मते त्यांची स्वतःची आहेत. याचा संस्थेशी संबंध नाही.) लोकसभेने हिवाळी सत्रात कंपनी कायदा २०१२ च्या मसुद्यावर चर्चा करून त्यात आवश्‍यक ते बदल सुचवून मंजूर केला आहे. हा मसुदा आता राज्यसभेत पटलावर ठेवण्यात येईल व यास मंजुरी …

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