Disclosure of transferor address required in objection memos when documents are returned for non tally of signature.
Companies listed on stock exchanges should include the registered address of the transferor in the objection memorandum when returning share transfer documents for non tally of the transferor's signature, as directed by the Government to implement the Standing Committee's decision without formally amending the listing agreement, and stock exchanges are to advise listed companies to comply.

Transposition of joint shareholding order permitted on joint written request; transfer deed unnecessary except where only part holding changes.
Execution of transfer deeds is not required to effect a transposition in the order of names of joint shareholders where all joint holders make a written request to the company; however, where the change in order relates only to part of the holding, a transfer deed must be executed for that portion.

Change in director status: appointment of additional or casual vacancy director at AGM must be notified to Registrar.
Appointment of an additional director or a director appointed to a casual vacancy who is thereafter appointed by the company at the annual general meeting for a full term alters the nature of the appointment and constitutes a change within the meaning of section 303(2); such changes should be notified to the Registrar. The prior departmental clarification that routine retirement and re appointment of existing directors at the annual general meeting is not a change does not apply to additional or casual vacancy directors when appointed for a full term at the AGM.

Aggregate turnover includes gross receipts from ticket sales, so statutory taxes collected with receipts are part of turnover.
The definition of turnover in section 43A as the aggregate value of realisation from sale, supply or distribution of goods or on account of services renders the gross amount received on cinema ticket sales, including entertainment tax, part of aggregate turnover.

Submission of deposit returns required by rule 10; timely filing prevents penalties and delays in non banking sector data.
Non banking companies holding public deposits must file a return of deposits with the Registrar of Companies for March 31 by June 30 and simultaneously send a copy to the central bank for non banking company reporting. Regulatory reports show widespread late or missing returns, causing delays in compilation and publication of deposit surveys. Chambers of commerce are urged to ensure constituents submit returns on time, and failure to comply by the deadline attracts the penal provisions under the rules.

Deposit reserve requirement must be maintained for repayment of maturing public deposits despite imminent repayments.
Rule 3A mandates that a company must deposit or invest an amount equal to ten per cent of deposits maturing during the year within one month after year end, and that this amount may be used only for repayment of those deposits; the requirement remains even if some deposits will be repaid in the following month, with specific fact based queries referred to the department.

Public deposit scope clarified: joint deposits with non directors and loans from firms lacking director partners excluded from the rule.
Amounts received in a company's joint names of a director and a non director, or a private company's joint names of a shareholder and a non shareholder, are excluded from the purview of Rule 2(b)(ix) of the Companies (Acceptance of Deposits) Rules, 1975. Deposits from lending firms are likewise excluded when not all partners of the firm are directors on the borrowing company's board.

Alteration of printed year on share transfer forms permitted to correct printing errors when authenticity and genuineness ensured.
Alteration of the printed year on a share transfer form without countersignature may be regarded as good for delivery if the change is intended solely to rectify a printing error and the transaction is genuine; because there need be no nexus between the original registered holder and the final lodger, signatures may be separated in time but the alteration must be validated as corrective and bona fide before acceptance.