Tag Archives: Companies Act 1956

Postal Ballots – An “anathema” to Physical Meetings? – New Companies Act Perspective

By Rohini Das, Chief Executive Officer and Associate Trainee In light of the vast array of amendments made to the Companies Act, 1956 (the “1956 Act”) and the bringing into force of certain provisions of the Companies Act, 2013 (the … Continue reading

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Foreign Direct Investment in Limited Liability Partnerships

By Avik Biswas, Partner and Vishnu Y. Kale, Associate Limited Liability Partnerships (“LLP”) are one of the available vehicles for foreign direct investment under applicable Indian laws. I. INCORPORATION OF AN LLP All matters concerning LLPs in India are governed … Continue reading

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Central Government Announces Revised XBRL Taxonomy through Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2012

By Sayan Samaddar, Associate The Central Government, in exercise of its powers conferred by sub-section (1) of Section 640 of the Companies Act, 1956 (the “Act”) read with Section 610B of Companies Act, 1956, had notified the Companies (Filing of … Continue reading

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IRDA issues Master Circular on Preparation of Financial Statements for General Insurance Business

By Abhishek Emmanuel Kisku The Insurance Regulatory and Development Authority (“IRDA”) in an attempt to streamline the process of the preparation of financial statements of General Insurance Business has through its Master Circular dated 5th October, 2012 consolidated all the … Continue reading

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The Sahara Case: The Supreme Court Clarifies the Difference between a Private Placement and Public Issue and Ratifies SEBI’s Jurisdiction to Investigate and Adjudicate a Public Issue done in the Guise of a Private Placement

By Ashutosh Sharma, Associate The Supreme Court on August 31, 2012 passed its judgment in Sahara India Real Estate Corporation Ltd & Ors vs. SEBI & Anr. and directed the Sahara Group and its two group companies Sahara India Real … Continue reading

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