Institute of Chartered Accountants of India Frequently Asked Questions (FAQs) on Responding to Tenders A notification published in Part III Section 4 of the Gazette of India: Extraordinary dated 7th April, 2016 has been issued by the Institute containing the guidelines on responding to tenders which can be viewed at http://www.icai.org/new_post.html?post_id=12547&c_id=219 . Placed below are… Read More »
Section – 417 of Companies Act, 2013 Removal of Members. 417. (1) The Central Government may, after consultation with the Chief Justice of India, remove from office the President, Chairperson or any Member, who— (a) has been adjudged an insolvent; or (b) has been convicted of an offence which, in the opinion of the Central… Read More »
Section – 416 of Companies Act, 2013 Enforced w.e.f DATED 1-6-2016 vide NOTIFICATION NO. SO 1934(E) [F.NO.A-45011/14/2016-AD.IV] Resignation of Members. 416. The President, the Chairperson or any Member may, by notice in writing under his hand addressed to the Central Government, resign from his office: Provided that the President, the Chairperson, or the Member shall… Read More »
Section – 415 of Companies Act, 2013 Enforced w.e.f 01.6.2016 vide NOTIFICATION NO. SO 1934(E) [F.NO.A-45011/14/2016-AD.IV] Acting President and Chairperson of Tribunal or Appellate Tribunal. 415. (1) In the event of the occurrence of any vacancy in the office of the President or the Chairperson by reason of his death, resignation or otherwise, the senior-most… Read More »
Section – 414 of Companies Act, 2013 Enforced with effect from 12-9-2013. Salary, allowances and other terms and conditions of service of Members. 414. The salary, allowances and other terms and conditions of service of the Members of the Tribunal and the Appellate Tribunal shall be such as may be prescribed Provided that neither the… Read More »
RBI/2015-16/426 DCBR.CO.BPD.BC.No.18/16.05.000/2015-16 Jyeshtha 26, 1938 June 16, 2016 All Banks Dear Sir/Madam Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – ‘Rajarambapu Sahakari Bank Ltd., Peth, Sangli’ We advise that the name of ‘Rajarambapu Sahakari Bank Ltd., Peth, Sangli’ has been included in the Second Schedule to the Reserve Bank… Read More »
Section 413 of Companies Act 2013 Term of office of President, chairperson and other Members. 413. (1) The President and every other Member of the Tribunal shall hold office as such for a term of five years from the date on which he enters upon his office, but shall be eligible for re-appointment for another… Read More »
Credit Information Reporting in respect of Self Help Group (SHG) members RBI/2015-16/424 DBR.CID.BC.No.104/20.16.56/2015-16 June 16, 2016 All Scheduled Commercial banks (including RRBs) All Non-Banking Financial Companies (NBFCs) All Primary (Urban) Co-operative Banks, State / Central Co-operative Banks All Credit Information Companies Dear Sir/Madam Credit Information Reporting in respect of Self Help Group (SHG) members Please… Read More »
Section – 412 of Companies Act, 2013 Enforced with effect from 12-9-2013. Selection of Members of Tribunal and Appellate Tribunal. 412. (1) The President of the Tribunal and the chairperson and Judicial Members of the Appellate Tribunal, shall be appointed after consultation with the Chief Justice of India. (2) The Members of the Tribunal and… Read More »
Section – 411 of Companies Act, 2013 Enforced with effect from 12-9-2013. Qualifications of Chairperson and Members of Appellate Tribunal. 411. (1) The Chairperson shall be a person who is or has been a Judge of the Supreme Court or the Chief Justice of a High Court. (2) A Judicial Member shall be a person… Read More »