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, obscuring ownership, benami properties etc.
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 Minister of Defence to oversee and guide the entire process of corporatisation of OFB, including transition support and redeployment plan of employees while safeguarding their wages and retirement benefits.
Securities and Exchange Board of India (SEBI) has been issuing various circulars/directions from time to time on behalf of following Departments
Commodities derivatives
Corporate finance
Market Intermediaries
Market Regulation
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, Sports Science support including setting up of Gymnasium & Rehabilitation centers are activities covered under CSR.
Published vide Notification No. G.S.R. 454(E), dated 4th June, 2015 G.S.R. 454(E). – In exercise of the powers conferred by the proviso to Article 309 of the Constitution and in supersession of […]
SEBI Act, Securities Contracts (Regulation) Act and rules and regulations made thereunder Foreign Exchange Management Act Consumer Protection Act Depositories Act Environment and Pollution Control Laws Labour and Industrial Laws Co-operative Societies Act […]
Corporations may be divided into two main classes, namely, corporations aggregate and corporations sole. We are not concerned in the present case with corporation sole. “A Corporation aggregate has been defined as […]
KEYWORD:- COMPANY- CORPORATE LAW- Artificial Personality History of Company and Corporation British East India Company [31 December 1600] Joint-stock Company and its Votaries Ownership of the Company and Board of […]
Corporate Laws Manual [Click] Important circulars Members of professional institutes arrested by law enforcement agencies for criminal offences – Directions of Central Government Appointment of Complaints Committee as guidelines and norms to […]
UNDER CONSTRUCTION Corporate Laws Manual 2017
Company Law & Practice Quick summary of Companies Act 2013 The provisions of this Act shall apply to— (a) companies incorporated under this Act or under any previous company law; (b) insurance companies, […]
IT Department launched Faceless Income Tax Appeals - The Income Tax Department today launched Faceless Income Tax Appeals. Under Faceless Appeals, all Income Tax appeals will be finalised in a faceless manner under the faceless ecosystem with the exception of appeals relating to serious frauds, major tax evasion, sensitive & search matters, International tax and Black Money Act. Necessary Gazette notification has also been issued today.
For therapeutic management of Covid-19 positive cases, Govt approved Vasa and Guduchi Ghana - In view of the need for accelerated solutions for Covid-19, the Ministry of AYUSH has taken up systematic studies on different possible solutions through multiple channels. As part of this effort, a proposal for a clinical study to assess the role of Vasa Ghana, Guduchi Ghana and Vasa-Guduchi Ghana in therapeutic management of symptoms in Covid-19 positive cases has recently been approved.
WHO asked 140 tests/ million- India tests 875/ million per day of COVID-19 - The World Health Organization (WHO) has recommended 0.14 samples per day per 1000 or 140 tests per day per million population. As on 19th September, 2020 India is conducting COVID -19 tests at a rate of 875 tests/million population per day. This is more than 6 times the WHO recommendations. For Tamil Nadu this stands at 1145 tests per million population per day.
Legisprudence-A New Theoretical Approach to Legislation Luc J.Wintgens(ed) - Legislation, it is said, is a matter of politics, and politics is not rational. Politics is a power game, which results in compromises framed into a legislative or statutory structure. This power game seems to have its own logic and, most of the time, the results outweigh any other form of logic.
Can God and Caesar Coexist, Balancing Religious Freedom and International Law-Robert F. Drinan - The Catholic Church did not always seek religious freedom for every believer. For centuries the Church held to the conviction that governments should be required to discourage and even ban not only non-Christian religions but any version of Christianity that differed from Catholicism. Butin the Second Vatican Council radically altered that doctrine, so that now the Catholic Church strongly states that any governmental coercion of individuals to adhere or not to adhere to any religion is wrong.
Repugnant Laws: Judicial Review of Acts of Congress from the Founding to the Present-Keith Whittington - A hundred years ago there were serious and lively debates over whether courts should even have the power to strike down acts of elected legislatures. Those debates are largely in the past. Courts now routinely, almost casually, invalidate legislation. But the reaction judicial review now provokes is rather different. Few argue that judges should abandon the power to review and invalidate the deliberate acts of other government officials.
