Page 2 - Companies Act

Judgment on plea challenging PMLA provisions 'almost ready', says SC

The petition says some provisions in the Act are unconstitutional, put a reverse burden on accused, give inspectors wide powers to arrest, and take away the right to silence

Dish TV-YES Bank saga throws non-retiring director puzzle into sharp relief

Goel's ouster from Dish TV board will require another resolution

TMSEp196: Airfare hike, Shankar Sharma, markets, Sec8 of Companies Act

How will the airfare hike impact travel? What's First Global's Shankar Sharma's investment strategy? Why US Fed's rate hike failed to calm markets? What is Section 8 of Companies Act? Answers here

TMSEp196: Airfare hike, Shankar Sharma, markets, Sec8 of Companies Act

How will the airfare hike impact travel? What's First Global's Shankar Sharma's investment strategy? Why US Fed's rate hike failed to calm markets? What is Section 8 of Companies Act? Answers here

National Herald case & Section 8 of Companies Act

While a private listed company is formed for profit, a company formed under Section 8 -- erstwhile Section 25 -- of the Companies Act 1956 is for charity only. Let us find out more about the latter

Centre in talks to address legal hurdles in liquidating Devas Multimedia

Officials discussed the Companies Act and its implementation under the mutual legal assistance treaty (MLAT)

New audit rulebook for SPACs in offing: Govt may legalise, allow listing

The draft Bill to amend the Companies Act is expected to be ready by the second quarter of the current fiscal year

Non-core asset demerger likely to delay Shipping Corp and BEML sale

In the scheme for demerger of non-core assets announced by SCI, certain changes, including extra surplus cash, had to be approved, the official said

CBIC issues useful GST clarifications

CBIC says a company incorporated in India and a body corporate incorporated by or under the laws of a country outside India are separate legal entities

Supplies to IT/ITeS parent firms eligible for refunds, clarifies CBIC

The move comes as a major relief to several entities that were denied refunds when they were exporting services to their parent or subsidiary companies abroad

Barbeque Nation, LIC Housing Finance face heat on independent valuation

While the companies are saying they are following Sebi guidelines, the regulator is asking them to follow their own guidelines.

India considers Singapore's VCC model to get funds for GIFT City IFSC

Island nation has established more than 200 VCCs established since January 2020 using the model.

Sebi proposes merger of debt securities rules into single regulation

To ease compliance burden on listed entities, Sebi on Wednesday proposed merger of listing rules pertaining to debt securities and non- convertible redeemable preference shares into a single regulation. The proposal is aimed at harmonising with the Companies Act, 2013, and maintaining consistency with the Sebi's LODR (Listing Obligations and Disclosure Requirements) rules and Debenture Trustees norms, the regulator said in a consultation paper. The Securities and Exchange Board of India (Sebi) has invited public comments, open for 21 days, on the proposal. Under the proposal, Sebi has suggested merger of the Issue and Listing of Debt Securities or ILDS norms and the Issue and Listing of Non-Convertible Redeemable Preference Shares or NCRPS Regulations into a single regulation -- Issue and Listing of Non-Convertible Securities or NCS Regulations. Further, NCS rules should also include certain provisions issued through circulars under ILDS and NCRPS norms, Sebi noted. The rules on I

Best of BS Opinion: Encouraging exports, tripping up on arbitration & more

Here are the best of Business Standard's opinion pieces for Wednesday

The coming surge in chairpersons emeritus

Since no part of the Companies Act deals with chairperson emeritus, these appointments will have to be governed by a formal contract between the company and the individual or under its articles

Privatisation push: Centre considers bringing PSBs under Companies Act

Changes are likely to be introduced in the Monsoon Session

Tata vs Mistry: Minority shareholders cannot claim board seat, says SC

The court has made it clear that Mistry Group is not a small shareholder and a board seat cannot be allotted to it contractually or by law

Profit or loss, independent directors of companies must get paid: MCA

Till now, there was no provision in the Companies Act that allowed a remuneration for the non-executive director if the company was in loss or had inadequate profits

Ministry of Corporate Affairs cautions investors against Nidhi companies

A Nidhi company is a non-banking financial company doing the business of lending and borrowing with its members or shareholders.

Limited liability partnerships to disclose 'beneficial ownership'

The rules for disqualification of directors for non-filing of annual returns for any three consecutive years will also be made applicable to LLPs