Knowledge Connect is a monthly newsletter published by R & A Associates .
Oct'2012 Issue, Vol 19

 Article of the Month

Investment Opportunities made more favorable by BSE&NSE for 'SME' Platforms
Leading bourses BSE and NSE launched their SME exchange platforms to enable small and medium enterprises to raise funds and get listed as public entities.  While BSE kick-started its SME platform under the brand name of BSE SME Exchange with listing of BCB Finance...read more >>

 Updates & Amendments 

A. MINISTRY OF CORPORATE AFFAIRS (MCA) 
  • Filling Of Balance Sheet and profit and loss Account by Companies in Non-XBRL for the accounting year commencing on or after 01.04.2011
  • Filing of form 23B by statutory auditor for the accounting year 2012-13
  • Companies (Central Government's) General Rules and Forms (Sixth Amendment) Rules, 2012
  • Condition to be imposed for conversion of ordinary Society into Producer Company,      Part –IX A of the Companies Act, 1956
  • Filing of Balance sheet and Profit and Loss Account by Companies in Non-XBRL for accounting year commencing on or after 01-04-2011
  • Constitution of a Committee for Reforming the Regulatory Environment for doing Business in India 
  • Delegation of powers to Regional Directors u/s 17, 18, 19, 141 and 188 of the Companies Act, 1956 – MCA vide its notification
B. SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI)
  • Addendum to Circular No. CIR/MRD/DP/21/2012 dated August 2, 2012
C. RESERVE BANK OF INDIA (RBI)
  • Foreign Direct Investment (FDI) in India - Allotment of Shares to person resident outside India under Memorandum of Association (MoA) of an Indian company 
  • Foreign investment in Single–Brand Product Retail Trading/ Multi-Brand Retail Trading / Civil Aviation Sector / Broadcasting Sector / Power Exchanges 
  • Establishment of Liaison Office (LO) / Branch Office (BO) / Project Office (PO) in India by Foreign Entities – Clarification
  • Overseas Direct Investments by Indian Party – Rationalisation 
  • Trade Credits for Import into India
  • External Commercial Borrowings (ECB) Policy – Bridge Finance for infrastructure sector
  • External Commercial Borrowings (ECB) Policy – Repayment of Rupee loans and/or fresh Rupee capital expenditure – USD 10 billion scheme
  • Overseas Investment by Indian Parties in Pakistan
  • Foreign Direct Investment by citizen / entity incorporated in Pakistan
  • Issue of Indian Depository Receipts (IDRs) - Limited two way fungibilty
 

 Partner's Speak

"Tough times never last, but tough people do"
The title of the book by Robert H. Schuller, is so apt for all those corporates and business houses that have been able to sustain themselves in these very prolonged depressed economic markets... read more >>

 Case Laws

  1. Relevant Act : Industrial Disputes Act, 1947 Decided Case Law : Mohit Electronics & Workman Tahir Hussan (Del) Facts of the Case : The Labour Court directed the management...read more >>

  2. Relevant Act : Companies Act, 1956. Decided Case Law : Haryana Telecom Ltd Vs Sterlite Industries (India) Ltd. Case Decided by : Supreme Court Clarification : The Arbitrator can refer the matters relating to disputes for which he is empowered to  decide...
    read more >>

Legal Jargons

"Word: Peremptory"
Meaning: Peremptory is a Latin word which means putting an end to all debate or action. Example: The officer issued peremptory commands Pronunciation: per+emp+to+ry...
read more >>

Lets Analyse

The intention behind including this new corner in our news letter is keeping in view our professional colleagues and also other stakeholders who work on company law...read more >>

Demystify Law

The Societies Registration Act, 1860 ('Act') provided for the registration of literary, scientific and charitable societies. The object of this Act, as enunciated in its preamble, was to make provisions for improving the legal conditions of societies established for the promotion of literature science or the fine art... read more >>

 



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