MINISTRY OF CORPORATE AFFAIRS (MCA) CLARIFICATION ON DEFINITION OF “JOINT VENTURE” FOR THE PURPOSE OF EXEMPTION FROM APPOINTMENT OF INDEPENDENT DIRECTORS BY CERTAIN UNLISTED PUBLIC COMPANIES The MCA vide its notification dated 5 July 2017 had inserted Rule 4(2) and
The MCA vide its notification dated 13 July 2017 has amended the Companies (Meetings of Board and its Powers) Rules, 2014. With this amendment, the MCA has amended the provisions relating to: Intimation of a Director to participate by way
The MCA vide its notification dated 27 July 2017 has amended the Companies (Incorporation) Rules, 2014. The MCA has amended the provisions relating to: Shifting of registered office within the same State: An application seeking confirmation from the Regional Director
The Central Board of Direct Taxes vide Notification No. 61/2017 dated 12 July 2017 has notified final rules for valuation of unquoted equity shares for the purposes of Sec. 56(2)(x) and Sec. 50CA. As per Erstwhile Rule 11UA of Income
The Ministry of Electronics and Information Technology released a press brief on 31 July 2017, in order to inform the general public that in light of the growth of the digital economy and increased dependence on digital data, the Government
On 30 November 2016, the Telecom Regulatory Authority of India (“TRAI”) had released a Consultation Paper on “Issues Related to closure of Access Services”. This was released as a result of great inconvenience being caused to subscribers while accessing Access
The Central Government notified the Indian Accounting Standards (Ind AS) which are in-line with International Financial Reporting Standards (IFRS). Consequently, the Finance Act, 2017, has amended the provisions of section 115JB of the Income-tax Act, 1961 (‘the Act’) for Ind
The Lok Sabha has passed the Companies (Amendment) Bill, 2017 on 27 July 2017.The Bill amends the Companies Act 2013 and the highlights are as follows: Section 2(6)- Definition of ‘associate company’ and ‘Joint Venture’ The Bill proposes amendment providing
On 31 July 2017, the TRAI released the above consultation paper in light of the exponential growth in the broadcasting sector in recent years, resulting in an increased need to ensure the ease of doing business to continue facilitating this
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