Author: Legal Parivar

At the onset of each financial year, it is crucial for Indian companies to be aware of significant deadlines for annual filings. This applies across various types of companies, including private limited, public limited, small, and large enterprises. Understanding these deadlines ensures compliance with statutory requirements for income tax filings, ROC (Registrar of Companies) annual returns, and other event-based filings essential for regulatory adherence. What Company Annual Filing Entails Indian companies are mandated to file their annual accounts and returns with the Registrar of Companies within 30 to 60 days after their annual general meeting. Compliance with these Ministry of…

Adani Enterprises intends to deploy approximately Rs 1.75 lakh crore ($21 billion) into its airports business over the next decade, according to a report in the Economic Times, citing group CFO Jugeshinder Singh. Adani Airport Holdings, which oversees operations at seven Indian airports, will manage this investment. Phase-I development on the city-side infrastructure has already commenced at airports in Mumbai, Ahmedabad, Jaipur, Lucknow, and Guwahati. The company aims to boost revenue from non-aero segments, targeting a 75 percent contribution to total revenue, and plans to list Adani Airport by 2028. Adani Airport Holdings is also overseeing the construction of Navi…

Stay ahead of the curve with today’s headlines roundup of crucial news stories shaping India’s financial and corporate landscape. From regulatory shifts in market settlements and options trading to significant investment decisions by corporate giants, here’s what you need to know to navigate the latest developments in India’s business world.

Arvind Kejriwal bail plea is set for a crucial hearing in the Supreme Court today, following developments in the Delhi High Court. The Central Bureau of Investigation (CBI) recently recorded his statement in Tihar Jail regarding the Excise Policy money laundering case. Previously, the Delhi High Court had stayed a trial court’s order granting bail to Kejriwal, responding to an Enforcement Directorate (ED) plea seeking to halt the bail. Kejriwal’s bail had been granted on June 20 by the trial court, which directed his release on a personal bond of ₹1 lakh. The Aam Aadmi Party (AAP) has expressed disagreement…

In a bid to tighten control over the burgeoning retail Futures & Options, F&O trading, market regulator SEBI (Securities and Exchange Board of India) has established a working group to enhance investor protection and improve risk management in equity derivatives. As reported by Moneycontrol. The 15-member group is led by former RBI (Reserve Bank of India) Executive Director G Padmanabhan and includes representatives from the market ecosystem such as exchanges, brokers, clearing corporations, mutual funds, a major corporate house, and academic experts in finance and risk management from the Indian Institutes of Management (IIMs). The working group’s terms of reference…

Corporate social responsibility (CSR) has gained significant importance in India’s corporate commercial law. Section 135 of the Companies Act of 2013 mandates that companies invest a minimum of 2% of their net earnings in CSR initiatives. This section applies to companies meeting certain criteria. This article provides a comprehensive overview of Section 135 of the Companies Act, 2013, along with CSR provisions, amendment rules, and other relevant details. What Does Section 135 of the Companies Act Mean? Section 135 of the Companies Act, 2013, pertains to corporate social responsibility (CSR). It mandates that companies meeting specific revenue thresholds engage in…

The India Meteorological Department (IMD) has issued a yellow alert, predicting the possibility of heavy rainfall in Delhi until July 1. Today’s weather forecast includes a generally cloudy sky with very light rain or thunderstorms, accompanied by gusty winds at speeds of 25-35 km/h. Similar conditions are expected to persist over the next few days. Heavy Rainfall Alerts Across India The IMD has also issued several other alerts across the country: Region-Specific Rainfall Predictions Additionally, isolated heavy rainfall is forecasted for: Very Heavy Rainfall Predictions North-Eastern States Heavy to very heavy showers are predicted for West Bengal, Sikkim, Assam, Meghalaya,…

On Tuesday, shares of Nvidia surged nearly 7%, recovering from a three-session slump that had wiped approximately $430 billion from the market value of the artificial intelligence chipmaker. Nvidia’s shares closed at $126.09, rebounding from a 13% decline from their June 18 close of $135.58. This drop followed a rally that intensified after a 10-for-1 stock split that took effect on June 10. Nvidia’s rapid ascent and its position as the leading provider of chips for artificial intelligence applications have made it a symbol of this year’s tech-driven boom in U.S. stocks. Last week, Nvidia briefly became the world’s most…

The National Stock Exchange (NSE) has imposed a ban on trading in the futures and options (F&O) segment for four stocks on Wednesday, June 26, 2024. These stocks have exceeded 95% of the market-wide position limit (MWPL). Despite the ban in the F&O segment, these stocks will still be available for trading in the cash market. F&O Ban List for June 26 The stocks on the F&O ban list are: According to the NSE, the derivative contracts in these securities have surpassed 95% of the MWPL and have been placed under the ban period. The exchange has stated, “All clients/members…

Zerodha, a leading brokerage platform in India, has recently launched an advanced feature on its Kite platform designed to enrich the trading and investing experience for its users. Known as the ‘Fundamentals’ widget and powered by Tijori, this new tool enables investors and traders on the Kite platform to perform detailed comparisons among stocks, exchange-traded funds (ETFs), and indices. Nithin Kamath, the co-founder of Zerodha, highlighted the significance of this enhancement, stating that the updated widget now offers comprehensive financial data about companies. Previously, Kite users had to navigate across multiple platforms to access such fundamental data. With the integration…