Day: August 23, 2017

RBI cancels the license of Mahamedha Urban Co-operative Bank Ltd

Press Release: 2017-2018/522 – It is hereby notified for the information of the public that the Reserve Bank of India (RBI) has cancelled vide order dated August 11, 2017, the license of Mahamedha Urban Co-operative Bank Ltd., Ghaziabad, to carry on banking business under section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949 with effect from close of business on August 22, 2017. As such, the bank is precluded from transacting the business of ‘banking’ as defined in Section 5(b) of the Banking Regulation Act,...

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Quick Security Market Updates

This article will inform you about Quick Security Market Updates. Trust you will share this in your circle.  Indian shares extended early gains to end higher on Wednesday, boosted by banking stocks after the cabinet approved a mechanism to oversee consolidation in public sector banks. The S&P BSE Sensex and the CNX Nifty gained by 0.88% and 0.89%, respectively. Eris Lifesciences rose over 3% to Rs607.05, after the central bank allowed hike in investment limit by foreign portfolio investors from 24% to 49% of its paid up capital. DLF rose by 8% to Rs 189, after the company said...

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Quick Legal Updates – Supreme Court – High Court – District Court

Through this write up we share Quick Legal Updates – Supreme Court – High Court – District Court. Hope you will enjoy and share with your dear ones. Supreme Court has upheld the Delhi High Court’s verdict barring Prasar Bharati from sharing with cable operators through Doordarshan channels the live feed of cricket matches of which private broadcasters such as ESPN and Star had the exclusive rights. Delhi High Court has sought the response of Facebook, Google and Yahoo on a plea to direct them to take down the links of Blue Whale challenge, an internet-based suicide game that...

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Annual Filing Provisions Companies Act 2013 | Draft Formats

Dear readers, this article provide you information about Annual Filing Provisions Companies Act 2013 | Draft Formats for same. Keep liking and sharing our content in your circle. The useful provisions are :- Annual Filing Provisions Companies Act 2013 | Draft Formats Every company is required to file the annual accounts and annual return as per The Companies Act, 2013 within 30 days and 60 days respectively from the conclusion of the Annual General Meeting. The ROC filing of annual accounts is governed under Section 129(3), 137, of The Companies Act , 2013 read with Rule 12 of the Company...

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