Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: VAT RATES :: TDS :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: empanelment :: articles on VAT and GST in India :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: form 3cd :: due date for vat payment :: cpt :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4%
 
 
News Headlines »
 What you should know about income tax refunds
 Income tax scrutiny to remain limited despite surge in returns filed
 Regarding Filing of online return for first quarter of 2017-18 extension upto 01-09-2017
 Deadline to file returns extended to 28 August for biz with transitional
 GST input tax credit form
  How to rectify income tax returns
 Govt extends tax exemption for industry in North East, hilly states
 Should you file revised Income Tax returns; find out here
 Tax Deducted at Source (TDS) in Goods & Services Tax (GST)
 10 companies that blamed GST for soft June quarter
 How will GST impact the Indian economy

'No disharmony likely between SEBI, proposed Cos Act'
July, 05th 2006

Companies Act, 1956 would always remain the mother Act, while regulatory institutions such as SEBI would be concerned only with listed entities.

The Union Minister for Company Affairs, Mr Prem Chand Gupta, while deliberating on "Corporate Laws and e-Governance" at an interactive session here today, clarified that there would be no disharmony between regulatory institutions, such as the Securities and Exchange Board of India, and the proposed new Companies Act, likely to come up before Parliament in the winter session.

Responding to industry fears over possible disharmony, as currently companies were under the regulation of various bodies such as SEBI, BIFR, Companies Act etc, the Minister said the Companies Act, 1956 would always remain the mother Act, while regulatory institutions such as SEBI would be concerned only with listed entities.

According to Mr S.K. Bangur, President of the Indian Chamber of Commerce, while the Irani Committee had recommended harmonisation of all regulations, the regulations should not only be harmonised but also brought under one statute, namely the Companies Act.

Clause 49

In the context of Clause 49 of SEBI listing Rules, the minister said his department favoured a one-third dispensation of board seats for independent directors in a company board, as stipulated by the Companies Act, as against the 50 per cent laid down by Clause 49.

The Minister favoured a public policy that enables companies in India to carry out self-regulation within the parameters of law; to innovate while ensuring accountability to stakeholders and to be competitive in today's globalised environment. He said this was the broad objective pursued by the Ministry of Company Affairs.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions