Corporate Enlighteners

Corporate Enlighteners We are team of Company Secretaries providing various services to Corporate relating to Companies Act Compliances, Listing Agreement & SEBI Compliances.

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02/08/2020

Corporate Enlighteners wishes happy friendship day

23/01/2019

*Companies (Acceptance of Deposits),Amendment Rules, 2019*

Every company other than Government company shall *file a onetime return of outstanding receipt of money or loan* by a company but not considered as deposits, in terms of clause (c) of sub-rule 1of rule 2 from the 01 April, 2014 to the date of publication of this notification in the Official Gazette, as specified in *Form DPT-3 within ninety days* from the date of said publication of this notification along with fee as provided in the Companies (Registration Offices and Fees) Rules, 2014.".

For more Detail visit below Link.

09/07/2016

SEBI vide Circular No. CIR/CFD/CMD/15/2015 dated November 30, 2015, has prescribed formats for publishing financial results.

for more details:http://www.sebi.gov.in/cms/sebi_data/attachdocs/1467712561526.pdf

02/07/2016

amendment in the Companies (Acceptance of Deposits) Rules, 2014,
These rules may be called the Companies (Acceptance of Deposits) Amendment Rules, 2016.
for more details:
http://www.mca.gov.in/Ministry/pdf/Rules_30062016.pdf

02/07/2016

Now we are back....ready to get all regulatory updates in one roof...

28/02/2015

Following are the highlights of the Union Budget 2015-16 presented by Finance Minister Arun Jaitley in Parliament today:

1. No change in personal Income Tax.
2. Health Insurance Premium deduction hiked from Rs 15,000 to Rs 25,000; for senior citizens to Rs 30,000.
3. Transport allowance exemption hiked to Rs 1,600, from Rs 800 per month.
4. Additional 2% surcharge on people earning over Rs 1 cr; to fetch Rs 9,000 cr Wealth tax abolished.
5. Direct Taxes Code (DTC) dropped.
6. Rs 50,000 deduction for contribution to New Pension Scheme Read Full Report: Union Budget 2015.
7. To lower Corporate Tax to 25% over next four years GAAR implementation deferred by 2 years to April 2017
8. Service Tax rate hiked to 14%, from 12.36%.
9. Tax free bonds for roads, railways, irrigation projects 2015-16 growth between 8-8.5%, double digit growth feasible.
10. Retail inflation close to 5% by March, room for monetary policy easing.
11. To achieve fiscal deficit of 3% of GDP by 2017-18.
12. Fiscal Deficit target 3.9% in 2015-16, 3.5% in 2016-17.
13. Revenue Deficit to be 2.8% in 2015-16.
14. Current Account Deficit for 2014-15 to be below 1.3% of GDP.
15. To introduce comprehensive law to deal with black money.
16. Benami property transaction bill to tackle black money transaction in real estate soon.
17. 100% deduction for contribution to Swachh Bharat, Clean Ganga projects.
18. GST to be put in place by April 1, 2016.
19. Internationally competitive direct tax regime to be put in place to incentivise saving.
20. Incentivise use of credit, debit cards; disincentivise cash transaction to curb black money.

27/02/2015

Economic Survey 2014-15, tabled by Finance Minister Arun Jaitley in Parliament on Friday, pegs a growth rate of over 8 per cent for the next financial year while inflation has declined by over 6 percentage points since late 2013.

"There is scope for big bang reforms now," said Jaitley while presenting the Economic Survey, a day before presenting the General Budget in Parliament.

The Economic Survey states that for financial year 2015-16, the GDP growth will be between 8.1 per cent and 8.5 per cent.
(Source IBN Live)

10/02/2015

SEBI has passed an Order on February 09, 2015 providing the exit to Bhubaneswar Stock Exchange Limited ("BhSE"). BhSE is the tenth Stock Exchange to exit under the SEBI policy.

03/02/2015

RBI Policy Review:

keeps key rate unchanged

The Reserve Bank of India (RBI) has decided to keep the policy Repo rate under the liquidity adjustment facility (LAF) unchanged at 7.75 per cent.
Also, it has kept the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liabilities (NDTL).
However, it has reduced the statutory liquidity ratio (SLR) of scheduled commercial banks by 50 basis points from 22.0 per cent to 21.5 per cent of their NDTL with effect from the fortnight beginning February 7, 2015.
The RBI said these decisions were based on the assessment of the current and evolving macro-economic situation.
The apex bank has also replaced the export credit refinance (ECR) facility with the provision of system-level liquidity with effect from February 7, 2015.
It has decided to continue to provide liquidity under overnight repos of 0.25 per cent of bank-wise NDTL at the LAF repo rate, and liquidity under 7-day and 14-day term repos of up to 0.75 per cent of NDTL of the banking system through auctions.
Consequent to these decision, the reverse Repo rate under the LAF will remain unchanged at 6.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 8.75 per cent.

30/01/2015

Securities and Exchange Board of India (SEBI), has passed an order dated January 21, 2015 in the matter of MPA Agro-Animals Projects Limited directing inter-alia that the company shall not mobilize funds from investors and that the company and its directors are prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders. The company and its directors shall not dispose off any of the properties of the company and shall not divert any funds raised from the public.

The company was engaged in fund mobilizing activity through issue of Equity Shares to more than 49 persons without complying with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 ("ICDR Regulations") and the provisions of the Companies Act, 1956.

28/01/2015

SEBI has passed an Order on January 27, 2015 providing the exit to Gauhati Stock Exchange Limited ("GSE"). GSE is the ninth Stock Exchange to exit under this policy.

SEBI vide Circular dated May 30, 2012 had issued the Guidelines for exit of stock exchanges. This contained details of the conditions for exit of de-recognised/non-operational stock exchanges interalia including treatment of assets of de-recognised/non-operational exchanges and a facility of Dissemination Board for companies listed exclusively on such exchanges, while taking care of the interest of Investors.

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