Day: March 22, 2017

List of 23 fake universities in India

The University Grants Commission has said that there are 23 fake universities in the country, out of which seven are in the national capital. Minister of state for human resource development Mahendra Nath Pandey told the Rajya Sabha recently that the ministry had written to state governments to investigate the matter and register police complaints against fake universities. Here is a list of the 23 fake universities in the country: Bihar 1) Maithili University/Vishwavidyalaya, Darbhanga, Bihar. Delhi 2) Commercial University Ltd., Daryaganj, Delhi. 3) United Nations University, Delhi. 4) Vocational University, Delhi. 5) ADR-Centric Juridical University, ADR House, 8J, Gopala Tower, 25 Rajendra Place, New Delhi – 110 008. 6) Indian Institute of Science and Engineering, New Delhi. 7) Viswakarma Open University for Self-Employment, Rozgar Sewasadan, 672, Sanjay Enclave, Opp. GTK Depot, Delhi-110033. Karnataka 8) Badaganvi Sarkar World Open University Education Society, Gokak, Belgaum, Karnataka. Kerala 9) St. John’s University, Kishanattam, Kerala. Maharashtra 10) Raja Arabic University, Nagpur, Maharashtra. West Bengal 11) Indian Institute of Alternative Medicine, Kolkatta. 12) Institute of Alternative Medicine and Research,8-A, Diamond Harbour Road, Builtech inn, 2nd Floor, Thakurpurkur, Kolkatta – 700063 Uttar Pradesh 13) Varanaseya Sanskrit Vishwavidyalaya, Varanasi (UP) Jagatpuri, Delhi. 14) Mahila Gram Vidyapith/Vishwavidyalaya, (Women’s University) Prayag, Allahabad, Uttar Pradesh. 15) Gandhi Hindi Vidyapith, Prayag, Allahabad, Uttar Pradesh. 16) National University of Electro Complex Homeopathy, Kanpur, Uttar Pradesh. 17) Netaji Subhash Chandra Bose...

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Word Format – Secretarial Audit Report (Listed Company)

‘Secretarial Audit’ has been introduced by recently enacted Companies Act, 2013.  It is a process to check compliance made by the Company under Corporate Law & other laws, rules, regulations, procedures etc. It is a mechanism to monitor compliance with the requirements of stated laws and processes. Periodical examination of work is necessary to point out errors & mistakes and to make a robust compliance mechanism system in an organization. Every company needs to comply hundreds of Laws, rules, regulations. These laws are complex and non-compliances would attract major risk to company. Periodically inspecting the records of company gives exact information whether, and if so, to what extent Company has complied with the laws applicable to the Company. As per section 204 of the Companies Act, 2013 read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, following companies are required to obtain ‘Secretarial Audit Report’ form independent practicing company secretary; Every listed company Every public company having a paid-up share capital of Fifty Crore rupees or more; or  Every public company having a turnover of Two Hundred Fifty Crore rupees or more. “Turnover” means the aggregate value of the realization of amount made from the sale, supply or distribution of goods or on account of services rendered, or both, by the company during a financial year. [Section 2(91)] Secretarial Audit is also mandatory to a private company...

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