Introduction: “The highest education is that which does not merely give us information but makes our life in Harmony with all existence.”- Rabindranath Tagore In today’s world, education is more important than ever, especially in rural areas where it is difficult for children to access quality education. Many children in rural areas lack access to
July edition of the Chamber of Tax publication covers the following: ROC Adjudication Order – In the matter of Konwert India Motors Private Limited – Registrar of Companies, Coimbatore dated 18 May 2023 In the matter of Secure Kloud Technologies Limited (‘Appellant’) versus Securities Exchange Board of India (‘Respondent’) read with Securities Appellate Tribunal (‘SAT’)
Why the Fair Practices Code? The primary business activity of a Non-Banking Financial Company (NBFC) is to grant loans to its customers. NBFCs and other financial institutions adopt different means to attract the borrowers to scale up their business. With a view to protect the rights of the borrowers and to ensure proper conduct of
Introduction: In the ever-evolving landscape of business, corporate houses are increasingly recognizing the importance of incorporating social responsibility into their core strategies and technology is playing a key role in making this possible. Corporate Social Responsibility (CSR) is no longer just a buzzword, it has become a business imperative. And with technology evolving at lightning
BRSR CORE ASSURANCE & DISCLOSURE SEBI has come up with Circular No. SEBI/HO/CFD/CFD-SEC-2/P/CIR/2023/122 dated 12th July 2023 where it has revised format of BRSR and provided glidepath for implementation of BRSR Core Assurance for listed entities as well as Value Chain partners. Following table can be referred for easy understanding of the applicability. Applicability of
India has been rapidly emerging as one of the preferred countries for foreign Investment. The inflow of Foreign Direct Investment has increased 20 fold in last 20 years. As per Ministry of Commerce and Industry, India gets the highest annual FDI inflow of USD 83.57 billion in FY21-22.[1] The year 2020 – 21 were few
Introduction: Corporate Social Responsibility popularly known as “CSR” can be a game changer by becoming a powerful mechanism to contribute positively to the upliftment of the society or the nation as a whole in various parameters. Although the Companies Act, 2013 creates a regulatory mandate on certain eligible Companies to mandatorily spend 2% of their
MMJC insights dated 31 July, 2023 covers the following: MCA starts enforcement for Register of Contracts or Arrangements (MBP-4) miss-outs. ECB from Land Border Sharing Companies Extending framework for restricting trading by Designated Persons (“DPs”) by freezing PAN at security level to all listed companies in a phased manner Search and Seizure of records of
To enable investors to make well-informed investment decisions, timely, adequate, and accurate disclosure of information on an ongoing basis is of utmost importance. Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as “LODR Regulations” or “LODR”), requires listed entities to disclose material events or information to the stock exchanges. The
Background: Generally speaking, verification of reported events or information which may have material effect on the listed entity is essential to avoid establishment of a false market sentiment or impact on the securities of the entity. In recent years, a growing influence on market sentiments is being noticed of not just print media, but also