There is no definition of the term “Shell Company” in the Companies Act and it normally refers to a company without active business operation or significant assets, which in some cases are used for illegal purpose such as tax...
Corporate
A corporate debtor (CD) may have changed its name or registered office address prior to commencement of insolvency. The stakeholders may find it difficult to relate to the new name or registered office address and consequently fail to participate...
CCI approves acquisition of 7.73% equity share capital of Jio Platforms Limited by Google International LLC DATE: 12 NOV 2020 The Competition Commission of India (CCI) approves acquisition of 7.73% equity share capital of Jio Platforms Limited (JPL) by...
The term “Shell Company” is not defined under the Companies Act. It normally refers to a company without active business operation or significant assets, which in some cases are used for illegal purpose such as tax evasion, money laundering,...
The Department of Defence Production has been continually engaging with the Federations and Associations of Ordnance Factories with regard to their views on the said transformation. An Empowered Group of Ministers (EGoM) has been constituted under the chairmanship of...
Portfolio manager” means a body corporate, which pursuant to a contract with a client, advises or directs or undertakes on behalf of the client (whether as a discretionary portfolio manager or otherwise) the management or administration of a portfolio...
make recommendations to the Central Government on the formulation and laying down of accounting and auditing policies and standards for adoption by companies or class of companies or their auditors, as the case may be
In exercise of the powers conferred by sections 45JA, 45L and 45M of the Reserve Bank of India Act, 1934 (2 of 1934), and of all the powers enabling it in this behalf, the Reserve Bank of India (hereinafter...
CICs hold 90% of their assets in equity, preference shares or convertibles bonds or loans.
5 min read
Core Investment Companies, (CIC) are those companies which have their assets predominantly as investments in shares for holding stake in group companies but not for trading, and also do not carry on any other financial activity. These companies a...
Where the Commission is of the opinion that any combination does not, or is not likely to, have an appreciable adverse effect on competition, it shall, by order, approve that combination including the combination in respect of which a...
In terms of the Companies Act 2013 companies are required to contribute 2% of their profit towards Corporate Social Responsibility (CSR). Training to promote sports, creation and maintenance of sports infrastructure, up gradation and renovation of existing sports facilities,...
The reason behind bringing GST is in
removing the cascading effects i.e., tax on tax of both Central and
State taxes by allowing setting-off of taxes throughout the value
chain, right from the original producer and service provider's level
up to the consumer...