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KnowledgeConnectisamonthlynewsle erpublishedbyR&AAssociates.

Nov'2012Issue,Vol20

Ar cleoftheMonth
Posi onofCompanySecretariesunderthe CompaniesBill,2011 ThepresentCompaniesActinIndiawasenactedin 1956andhassincebeenamendednearly2025 mes byincorpora ngseveralmajorandminor altera ons...readmore>>

Editor'sColumn
Itisindeedagreatprivilegeformeto announcethatR&Acompletedits 16thFounda onDayon23rd October,2012...readmore>>

ComplianceCalendar
>>Compliancesforthemonthof Nov2012

Updates&Amendments
A.MINISTRYOFCORPORATEAFFAIRS(MCA) DefaultbyCostAuditorsinlingForm23D againstthecorrespondingForm23C ExtensionofduedateforlingBalanceSheet andProt&LossAccountinExtensibleBusiness Repor ngLanguage(XBRL)mode Scru nyofXBRLFilingsfortheFinancialYear 20102011andurgeforimprovementinthe qualitythereof Companiesrequiredtolenancialstatements fortheFinancialYear20112012inExtensible BusinessRepor ngLanguage(XBRL) Transfer,redemp onandreissuanceofIndian DepositoryReceipts(IDRs) Extensionof meforlingForm23Bwithout addi onallingfees B.SECURITIESANDEXCHANGEBOARDOFINDIA(SEBI) GeneralOrderSEBI(FrameworkforRejec on OfDra OerDocuments)Order,2012 Publicissuesinelectronicformanduseof na onwidebrokernetworkofStockExchanges forsubmi ngapplica onforms Securi esandExchangeBoardOfIndia(Issue AndLis ngOfDebtSecuri es)(Amendment) Regula ons,2012 Securi esandExchangeBoardofIndia(IssueOf CapitalAndDisclosureRequirements)(Fourth Amendment)Regula ons,2012 Securi esandExchangeBoardofIndia(Mutual Funds)(SecondAmendment)Regula ons,2012 C.RESERVEBANKOFINDIA(RBI) ExportofGoodsandServicesSimplification andRevisionofSo exProcedure ForeigninvestmentinNBFCSector AmendmenttotheForeignDirectInvestment (FDI)Scheme ExternalCommercialBorrowings(ECB)Policy Reviewofallincostceiling

R&AEvents
On23rdOctober,2012,R&A celebratedits16thFounda onDay. Everyyeartheeventis celebrated...readmore>>

CaseLaws
1. Theassesseehadsoldcertainshares duringtheFinancialYear199293of RustomSpinnersLtd(Rustom Spinners)andhadearnedlongterm capital...readmore>> 2. Inthiscase,theissueinvolvedwas thatifthereisadefaultonthepart ofaprivatelimitedcompanyin paymentofitsincometax...read more>>

LegalJargons
"Word:Contempt" Meaning:Afailuretoshow appropriaterespectforsomething thatotherpeopleconsidertobe important.Example:Apersonheldin "contempt"ofthecourtmaybe incarcerated...readmore>>

LetsAnalyse
Inthepreviousissuewehavebeen discussingregardingtheSec on2(30) oftheCompaniesAct1956,weshall con nuetodealwiththesame Sec oninthisissue...readmore>>

Demys fyLaw
Anacttopreventmoneylaundering andtoprovideforconsca onof propertyderivedfrom,orinvolvedin, moneylaundering...readmore>>

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