November 2024

Section 6 – SICK INDUSTRIAL COMPANIES (SPECIAL PROVISIONS) REPEAL ACT, 2003

Power to make rules (1) The Central Government may, by notification, make rules for carrying out the provisions of this Act. (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely :— (a)   the manner in which the […]

Section 5 – SICK INDUSTRIAL COMPANIES (SPECIAL PROVISIONS) REPEAL ACT, 2003

Saving (1) The repeal by this Act of the repealed enactment shall not— (a)   affect any other enactment in which the repealed enactment has been applied, incorporated or referred to; (b)   affect the previous operation of the repealed enactment or anything duly done or suffered thereunder; (c)   affect any right, privilege, obligation

Section 4 – SICK INDUSTRIAL COMPANIES (SPECIAL PROVISIONS) REPEAL ACT, 2003

Consequential provisions On the dissolution of the Appellate Authority and the Board,— (a)   (i) the persons appointed as Chairman and Member of the Appellate Authority or the Board; and     (ii) every other person appointed by the Central Government, Appellate Authority or the Board,     and holding office as such immediately before

Section 2 – SICK INDUSTRIAL COMPANIES (SPECIAL PROVISIONS) REPEAL ACT, 2003

Definitions In this Act, unless the context otherwise requires,— (a)   “Appellate Authority” means the Appellate Authority for Industrial and Financial Reconstruction constituted under section 5 of the Sick Industrial Companies (Special Provisions) Act, 1985 (1 of 1986); (b)   “Board” means the Board for Industrial and Financial Reconstruction established under section 4 of the

IEC Modification – Update IEC Yearly

IEC Modification – Update IEC Yearly

The Importer Exporter Code (IEC) is a crucial 10-digit identification number issued by India’s Directorate General of Foreign Trade (DGFT). It is mandatory for businesses engaged in importing and exporting goods, serving as a gateway for accessing global markets and facilitating various international trade processes. The IEC is recognized by customs, the Export Promotion Council,

Procedure for Filing E-Form MGT-14

Procedure for Filing E-Form MGT-14

MGT 14 is obliged to be furnished through the firm within the registrar of companies (ROC) under sections 94(1) and 117(1) of the companies act 2013 and the rules built in it. But the private companies get privileged from furnishing the board resolutions. The private organizations do not need to furnish MGT 14 for the

Companies Act – Capital Redemption Reserve

Companies Act – Capital Redemption Reserve

Reserves can be classified based on the source of earnings. A revenue reserve is created out of profits generated from the trading activities of a company and a capital reserve is created out of the profits which are capital in nature such as revaluation of assets, write-back of depreciation and amalgamation etc. When a company

Right to Privacy 

right to privacy

It is often said that humans are social animals. Yet there are some aspects of human life that the individual wants to keep to himself or the selected person he wants to share them with. Privacy has been declared one of the essential facets of liberty guaranteed to an individual. The term privacy has been