NPCI-based bank account validation for IEC applications and modifications enables real-time validation; incorrect details block submission or trigger ...
Creation/Invocation of pledge of securities through depository system: standardized pledge forms, notice requirement and invocation notifications to p...
Calendar Spread margin benefit for Single Stock Derivatives suspended on expiry day for expiring contracts; exchanges must implement systems and rule ...
Proportionate interest, unexplained credits and partner remuneration disputed; proofs of fund nexus and lender identity were decisive and disallowance...
Capital gains valuation from stamp assessment versus net consideration for residential reinvestment: deemed stamp value replaced for gains but not for...
Rule 4(3) of the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 is amended to prescribe execution requirements for the indemnity bond in Form STK-3A for Government companies (other than those already covered), including their subsidiaries, where the bond pertains to one or more directors appointed or nominated by the Central Government or a State Government. The indemnity bond must be furnished on behalf of the company by an authorised representative of the relevant administrative Ministry/Department of the Government of India or the State Government, not below the rank of Under Secretary or equivalent, thereby shifting authorised signatory responsibility from such directors to an eligible government officer for strike-off filings.
Rule 4(3) of the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 is amended to prescribe execution requirements for the indemnity bond in Form STK-3A for Government companies (other than those already covered), including their subsidiaries, where the bond pertains to one or more directors appointed or nominated by the Central Government or a State Government. The indemnity bond must be furnished on behalf of the company by an authorised representative of the relevant administrative Ministry/Department of the Government of India or the State Government, not below the rank of Under Secretary or equivalent, thereby shifting authorised signatory responsibility from such directors to an eligible government officer for strike-off filings.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4821 
Join Channel 
