Revised Secretarial Standard – SS-2 applicable w.e.f. 01.10.2017

The key amendments in SS-2 are listed below for your quick reference. Major Amendments to SS-2 The scope has been amended to exempt Section 8 companies in addition to OPCs, from the applicability of the Standard. The definition of Secretarial Auditor now also includes a firm of Company Secretary(ies) in Practice. The proof of sending Read more about Revised Secretarial Standard – SS-2 applicable w.e.f. 01.10.2017[…]

Decoding Term Sheet

A term sheet is a document in a bulleted list, laying down the terms and conditions of a contemplated business agreement. It is prepared by any of the proposing parties. The terms and conditions contained in this document are not binding to any of the parties. They are subject to modification through further negotiations before Read more about Decoding Term Sheet[…]

Bombay HC levies Fine for Deliberate and Wilful Breach of Interim Orders

The Bombay High Court has fined two contemnors Rs.5 lakh for deliberate and willful breach of its interim orders which restrained them from creating any tenancies with regard to a property that belongs to a trust. The high court has commuted the life sentence of a man who poured kerosene on his wife, burnt her Read more about Bombay HC levies Fine for Deliberate and Wilful Breach of Interim Orders[…]