1114588 60663 the companies act 2013 by cs shishir dudeja

8/17/2019 1114588 60663 the Companies Act 2013 by Cs Shishir Dudeja

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THE COMPANIES ACT, 2013(No. 18 of 2013)

Knowledge Sh!"ng "# $he %e!n"ng, nd "nn$e $o o&! h&'n n$&!e of wn$"ng $o onne$

nd ollo!$e w"$h o$he!#. Kindly share knowledge with your other contacts as well.

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P!e#en$ed CS S hi S hir Dudeja Cell : +91-9910938312


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ACKO*N4

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• B i l l w i t h d r a w n d u e t o n u e r o u s a e n d e n t s . • ! n t h e r e c o e n d a t i o n s o " t h e # a r l i a e n t a r y s t a n d i n g c o i t t e e o n

$ i n a n c e a n d s u g g e s t i o n s o " t h e s t a k e h o l d e r s % t h e C e n t r a l & o ' e r n e n t

w i t h d r e w C o # a n i e s B i l l % 2 0 0 9 .

2 0 1 1 • ! n t r o d u c e d C o # a n i e s B i l l 2 0 1 1 i n D e c e m b e r ’ 2 0 1 1 • ( a s s e d ) y * o k - + a ) h a - 1 8 t h D e c e m b e r , 2 0 1 2 •

( a s s e d ) y , a y a + a ) h a - 1 8 t h A u g u s t , 2 0 1 3

2 0 1 3 • , e c e i ' e d a s s e n t o " o n / ) l e ( r e s i d e n t - 2 9 t h A u g u s t 2 0 1 3 • o t i " i e d i n t h e & a e t t e o " ! n d i a 3 0 t h A u g u s t 2 0 1 3 • 9 8 S e c t i o n s o t i " i e d ) y M C A f o r i m ! e m e n t a t i o n " 1 2 t h S e t e m b e r 2 0 1 3

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C !!, 5657ail: Cshishirdudea4gail.co%

Cell: +9199109383123

03!d A**ST 2005

In$!od&$"on Co'6n"e#

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0:$h ;AN*A< 2012

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2=$h ;*NE 2012

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18$h 4ECEME 2012

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05$h SEPTEME 2013

4!f$ &le# fo! 1= Ch6$e! "n1#$ Ph#e 'de l"/e fo! P&l"

Co''en$#

12$h SEPTEME 2013

MCA no$"f"e# 58 Se$"on#of CA, 2013

1=$h SEPTEME 2013

4A?T ?OMS fo! !&le#&nde! Ph#e 1 6&$ fo! P&l"

Co''en$#

20$h SEPTEME 2013

4!f$ &le# fo! 5 Ch6$e!# "n2nd Ph#e 'de l"/e fo! P&l"

Co''en$#

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4!f$ ?o!'# fo! !&le#&nde! Ph#e 2 6&$ fo!

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21#$ OCTOE 2013

4!f$ &le# fo! 3 Ch6$e!#"n 3!d Ph#e 'de l"/e fo!

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29$h OCTOE 2013

4!f$ &le# on IEP? &nde!

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6&$ l"/e fo! P&l"Co''en$#

CA, 2013 ;O*NE< TI%% TO4A


4/141

25 Ch6$e!# 9B0Se$"on#

5: 4ef"n"$"on#

BShed&le#

13 P!$# =:8

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COMPANIES ACT, 15:= COMPANIES ACT, 2013

!ntroduced on 1st #ril% 19##lica)le HO%E O? IN4IA(EDCEPT ikki- it has its own

Co#anies ct;

!ntroduced as CB% 2011 in 5ec/2011##lica)le to the HO%E O? IN4IA

No$"f"ed 58 Se$"on# w.e.f. 12$h Se6$e'e!,

2013 + o$he!# !e l"7el $o e no$"f"ed

w.e.f. 1#$ A6!"l, 2019<

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C !!, 5657 ail: Cshishirdudea4gail.co%Cell: +919910938312

HATS IN + O*T

IN

• $!=• >igil echanis• ecretarial udit• uditor ,otation• ,esident 5irector • (ri'ate (laceent• ,egistered >aluers• 5orant Co#any• ,ecasting o" ccount

• ecretarial tandards• =ne (erson Co#any• Key anagerial #ersonnel• C*?% and $,

O*T

• ?reasury tocks

• tatutory @eetings• ole elling gents• Auali"ication hares• Con'ert share into stock • Coenceent Certi"icate


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NECONCEPTS

S'll + "gCo'6n

4o!'n$Co'6n

S6e"lCo&!$#

?!&d

Cl##A$"on

C,

S?IO

OPC

Off"e!In

4ef&l$

Ann&le6o!$

ole OfI4

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NECONCEPTS

Con$d@

Se!e$!"lS$nd!d#

el$ed P!$T!n#$"on#

e'&ne!$"on+ S"$$"ng ?ee#

KMP

A&d"$o!#o$$"on

o!d#e6o!$ Se!e$!"l

In$e!nl A&d"$

oen5irector

N?A

NC%T+

NC%AT

A66o"n$'en$Of 4"!e$o!#

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9

,eDuireent to constitute ,euneration and oination Coittee andtakeholders.

na)ling hareholders ssociations F &rou# o" hareholders "or taking classaction its G rei)urseent o" the eH#enses out o" !n'estor ducation and

(rotection $und.

Constitution o" ational $inancial ,e#orting uthority% an inde#endent )ody to takeaction against the uditors in case o" #ro"essional isconduct.

&ranting o" @ore #owers to udit Coittee.

POISIONS CITE4 IN COMPANIES ACT-2013

?O ETTE OENANCE Con$d@


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Cell: +91991093831210

I##&ed The In#$"$&$e of Co'6n Se!e$!"e# of Ind"

(ICSI)


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Cell: +91991093831211

SS-1

Se!e$!"l S$nd!d

on Mee$"ng# of O4

SS-2

Se!e$!"l S$nd!d

on ene!l Mee$"ng#

SS-3

Se!e$!"l S$nd!d

on 4"/"dend

SS-9

Se!e$!"lS$nd!d on

eg"#$e!# nd

eo!d#

SS-8

Se!e$!"l S$nd!d#

on Aff""ng of Co''on

Sel

SS-5

Se!e$!"l S$nd!d#

on ?o!fe"$&!e of Sh!e#

SS-10

Se!e$!"l S$nd!d# on

o!dF# e6o!$

SS-=

Se!e$!"l S$nd!d

on T!n#'"##"on of

Sh!e# nd 4een$&!e#

SS-: Se!e$!"l

S$nd!d on M"n&$e# SS-B

Se!e$!"lS$nd!d# on

P##"ng e#ol&$"on#

C"!&l$"on


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One Pe!#on Co'6nGOPC

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7g!o&nd of One Pe!#on Co'6n (OPC)

200


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One

Pe!#on

Co'6nGSe$"on 2 (=2)

e#arate legal entity

*iited lia)ility

5e)t-not the sole res#onsi)ilty o" the owner

ny resolution #assed and enter into inutes

)ook% signed and dated )y the e)er shall

consider as Board @eeting.

No$ !e&"!ed to hold nnual &eneral @eeting

registered as PIATE Co#any with ONE@e)er G $ le#$ One d"!e$o!.

JOPC to )e su""iHed with the nae o" =(C.

M"n. ONE 4"!e$o! nd M. ?"f$een which

can )e increased )y #assing ,.

1


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@eorandu o" an OPC shall indicate the nae o" the another #erson% with

his #rior written consent% who shall in the e'ent o" the su)scri)er/s death or his

inca#acity to contract )ecoes the e)er o" the co#any.

Onl n$&!l 6e!#on# n "no!6o!$e n OPC .lso% the #erson

incor#orating an =(C '$ e n Ind"n "$"Len who h# #$ed "n Ind" fo!

$ le#$ 182 d# during the iediately #receding $inancial year.

@ust conduct at least =ne Board @eeting in each hal" o" a calendar year with a

ga# o" atleast 90 days )etween the 2 eetings.

#erson can incor#orate a aHiu o" =(Cs.

ot reDuired to #re#are Cash $low tateent as a #art o" $inancial tateent.

nnual ,eturn o" =(C shall )e signed )y Co#any ecretary% or where there

is no co#any ecretary% )y the 5irector o" the Co#any.

OPC Con$d@


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COMPANIES %A POISIONS w.!.$. OPC

ection 2 I2;: 5e"inition o" =ne (erson Co#any

ection 2 I!!I@anageent G dinistration; - =(C

ection 13< : $inancial stateent% Board/s re#ort% etc.

ection 13 I1; : Co#y o" "inancial stateent to )e "iled with ,egistrar

ection 1


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SECTIONS NOT APP%ICA%E TO One Pe!#on Co'6n (OPC)

ection 98 : (ower o" ?ri)unal to call eetings o" e)ers% etc. ection 100 : Calling o" eHtraordinary general eeting

ection 101 : otice o" eeting

ection 102 : tateent to )e anneHed to notice

ection 103 : Auoru "or eetings

ection 10< : Chairan o" eetings

ection 10 : (roHies

ection 10 : ,estriction on 'oting rights

ection 10 : >oting )y show o" hands

ection 108 : >oting through electronic eans ection 109 : 5eand "or #oll

ection 110 : (ostal )allot

ection 111 : Circulation o" e)ersE resolution

COMPANIES %A POISIONS w.!.$. OPC Con$d@


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18

SMA%% COMPAN<GSe$"on 2(8:)

all co#any eans a co#any other than a #u)lic co#any

". P"d-&6 Sh!e C6"$l o" which does not eeed ?"f$ %7h or such higher

aount as ay )e #rescri)ed not eHceeding ?"/e C!o!e#L

=,

"". T&!no/e! o" which as #er its last #ro"it and loss account does not eHceed Two

C!o!e or such higher aount as ay )e #rescri)ed not eHceeding Twen$C!o!e.

Ee'6$"on#

•. olding co#any or su)sidiary co#any

•. Co#any registered under section 8

•. Co#any or )ody cor#orate go'erned under #ecial ct


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19

PIATE COMPAN<

4E?INITION

co#any ha'ing iniu #aid-u# share ca#ital o" One %7h &6ee# or such

higher nu)er as ay)e #rescri)ed and which )y its articlesL

• ,estricts the right to trans"er its sharesL

• Hce#t in case o" =ne (erson Co#any% l"'"$# $he n&'e! of "$# 'e'e!# $o

Two h&nd!ed (200)

• (rohi)its any in'itation to #u)lic to su)scri)e "or n #e&!"$"e# o" the

co#any


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4OMANT COMPAN<GSe$"on 9::

Co#any is "ored and registered under this ct:

"or a "uture #roectL or

to hold an asset or intellectual #ro#ertyL and

has no signi"icant accounting transaction

ay ake an a##lication to the registrar "or o)taining the status o" 5orant co#any.

?he ,egistrar will issue a certi"icate to that e""ect.

?o retain the status the Co#any shall ha'e such iniu nu)er o" directors%

"ile such docuents and #ay such annual "ee to the ,egistrar.

=n an a##lication it ay )ecoe an acti'e co#any.

!n case o" "ailure o" any reDuireents ,egistrar ay strike o"" the nae "ro

the register o" dorant co#anies


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PIATE %T4 COMPANIES HAIN T*NOE *PTO

=0 %AKHS SHO*%4 E CONETE4 TO %%P

1; **( is not a co#any% hence #ro#osed liit o" audit o" 20 co#any F C will not

)e a##lica)le.

2; s Co#anies ct will not )e a##lica)le% you can trans"er "und "ro one **( to

another grou# **(.

3; @any o" eHe#tion which ('t *td co#any enoy under old Co#anies ct has

)een withdrawn% which are not a##lica)le to **(.

ContM


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PIATE %T4 COMPANIES HAIN T*NOE *PTO

=0 %AKHS SHO*%4 E CONETE4 TO %%P


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PIATE %T4 COMPANIES SHO*%4 E

CONETE4 INTO P*%IC %T4 COMPANIES

1; ec 18 o" ew Co ct is not a##lica)le to (u)lic *td co at a general eeting o"

which not less than 2N o" the total 'oting #ower ay )e eHercised or

controlled )y any such director% or )y two or ore such directors% together

2; e can #lan accordingly and take )ene"it.

3; o% we can con'ert our eHisting ('t *td co#anies to (u)lic *td co#anies and

take )ene"its.

ContMM 23ail: Cshishirdudea4gail.co%Cell: +919910938312C !!, 5657


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2<

KE< MANAEIA% PESONNE%



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2


GSe$"on 2(:1)

Ch"ef Ee&$"/e Off"e!

Mng"ng 4"!e$o!

Mnge!

Co'6n Se!e$!

hole-T"'e 4"!e$o!

Ch"ef ?"nn"l Off"e!

S&h o$he! 6e!#on $o e 6!e#!"ed



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2

Key anagerial #ersonnel includes:

- !ncluded in the de"inition "or an =""icer who is in de"ault

- ,elated #arty includes relati'e o" Key @anagerial (ersonnel

ection 21 interestingly #ro'ides that any 5ocuentFContract reDuiring

authentication )y Co#any can )e signed )y K@(F #erson authoried )y the

Board

nnual ,eturn to contain in"oration a)out K@( and changes i" any thereo"

and their reuneration

,elati'es o" K@( to not )e a##ointed as auditors

,egister o" K@( along with securities held )y the in the co#any to )e

aintained G #articulars o" change in K@( to )e "iled with ,=C

KE< MANAEIA% PESONNE% Con$d@



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2

AS PE 4A?T *%E 13.= O? CHAPTE DIII

1. s #er section 203I1;%E/e! %"#$ed Co'6n and other co#any ha'ing #aid-u# share ca#ital o" ?"/e !o!e !&6ee# or ore shall ha'e hole $"'e Ke

Mnge!"l Pe!#onnel.

2. n indi'idual shall not )e a##ointed or rea##ointed as the chair#erson o" the

co#any% in #ursuance o" the articles o" the co#any% as well as the @anaging

5irector or Chie" Hecuti'e =""icer o" the co#any at the sae tie a"ter thedate o" coenceent o" this ct unless%

Ia; the articles o" such a co#any #ro'ide otherwiseL or

I); the co#any does not carry ulti#le )usinesses:

(ro'ided "urther that nothing contained in the "irst #ro'iso shall a##ly to such

class o" co#anies engaged in ulti#le )usinesses and which has a##ointed one

or ore chie" eHecuti'e o""icers "or each such )usiness as ay )e noti"ied )y the

central go'ernent.

KE< MANAEIA% PESONNE% Con$d@

4IECTOS


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28

4IECTOS

OMAN 4IECTO


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29

OMAN 4IECTO GSe$"on 195 (1) P!o/"#o II

OMAN 4IECTO


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Cell: +919910938312

30

Cone6$ of o'n 4"!e$o! on $he o!d

GA# 6e! 2nd

6!o/"#o $o Se$"on 195(1)

=ther (u)lic Co#any ha'ing

(aid-u# hareca#ital o" ,s.100Crore or oreL

or

?urno'er o",s.300 Crore or

ore.

'ery *istedCo#any

hall ha'e oneoan 5irector

"$h"n 3


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IN4EPEN4ENT 4IECTO


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IN4EPEN4ENT 4IECTO GSe$"on 195

'ery listed #u)lic Co#any to ha'e at least one-third o" the total nu)er o"

directors as !nde#endent 5irectors I!5;

Is #er 5ra"t ,ules: (u)lic Co#anies ha'ing #aid u# share ca#ital o" ,s. 100 cr orore% (u)lic Co#anies ha'ing turno'er o" ,s. 300 cr or ore% (u)lic Co#anies

which ha'e% in aggregate% outstanding loans or )orrowings or de)entures or de#osits%

eHceeding ,s. 200 cr;

Central &o'ernent to #rescri)e the iniu nu)er o" !nde#endent

5irectors in case o" any class or classes o" #u)lic Co#anies.

'ery eHisting co#any to ha'e !5s within one year "rocoenceent o" the ct or "ro the date o" noti"ication o" the ,ules

Iwhiche'er is "irst;


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IN4EPEN4ENT 4IECTO Con$d...

TEM ESTICTIONS

2 consecuti'e ters o" years eachL 3 year cool-o"" Ino association with the co#any; )e"ore )ecoing

eligi)le again.

##ointent has to )e a##ro'ed )y e)ers in general eeting and theeH#lanatory stateent to the notice should indicate usti"ication o" such

a##ointent

!nde#endent 5irectors are not entitled to any stock o#tions. ?his is contrary to

the *isting greeent% where the aHiu liit can )e "iHed )y shareholders

resolution


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OA4# ENS*ANCE

##ro#riate )alance o" skills% eH#erience and knowledge in one or ore "ields o""inance% law% anageent% sales% arketing% adinistration% research% cor#oratego'ernance% technical o#erations other disci#lines related to the co#any/s )usinessAN4 4ISC%OSE IN OA4 EPOT

4ATA ANK with details o" the #erson eligi)le and willing to )e a##ointed asinde#endent director to )e #re#ared )y any od, "n#$"$&$"on# # &$ho!"Led CIas ay )e noti"ied )y C&;.

e#6on#""l"$ of d&e d"l"gene fo! 66o"n$'en$ of "nde6enden$ d"!e$o!# $o eon o'6n.

AS PE 4A?T *%ES

3


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3

N*ME O? 4IECTOSHIPS

N*ME O? 4IECTOSHIPS


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3

M"'&' 20 o'6n"e#

5irectorshi# - !nclude lternate 5irectorshi#

@aHiu 5irectorshi# in (u)lic Co#any - 10 I?en;

Iincludes (ri'ate which are olding Fu)sidiary o" (u)lic Co#.;

o. o" e)ers s#eci"y lesser nu)er )y #assing s#ecial resolution

Penl$ fo! on$!/en$"on MINIM*M #. :,000% and M"'&'#. 2:,000 fo! e/e! d d&!"ng wh"h $he def&l$ on$"n&e#

N*ME O? 4IECTOSHIPSGSe$"on 1=:

EM*NEATION O? 4IECTOS


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CS SHISHI 4*4E;AE'"l CS#h"#h"!d&de>g'"l.o',

Cell Q515510538312

3B

By (u)lic Co#any

?=Mng"ng4"!e$o!

Mnge!

hole T"'e

4"!e$o!

NOT EDCEE4 11R O? THE NET PO?ITS fo! $h$ ?"nn"l


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38

e'&ne!$"on $o T4 o! M4 o! Mnge!

!" there is Onlone @5 or

?5 or@anager.

NOT EDCEE4 :R o" the et #ro"its o"

the Co#any.

!" there is 'o!e$hn one @5 or

?5 or@anager.

NOT EDCEE4 10R o" the et #ro"it to all

such 5irectors G@anager taken

together.

EM*NEATION O? 4IECTOS Con$d@

EM*NEATION O? 4IECTOS C $d


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39

,euneration #aya)le to5!,C?=, who are neither @5nor ?5.

NOT EDCEE4 3R o" the et #ro"its in any othercase.

NOT EDCEE4 1R o" et

#ro"its o" the co#any% i"there is a @5 or ?5 or

@anager.

EM*NEATION O? 4IECTOS Con$d@

e'&ne!$"on $o T4 o! M4 o! Mnge!


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E%IITI%IT<

'ery *isted Co#any or uch Class o" Co#anies

AS PE 4A?T *%ES

Co#anies which acce#t de#osits "ro #u)lic and Co#anieswhich ha'e )orrowed oney "ro )anks and #u)lic "inancialinstitutions P ,s 0 Crores

MECHANISM ?ACI%ITATES

5irectors and #loyees to re#ort genuine concerns

SA?E*A4S

deDuate sa"eguards against 'ictiiation o" #ersons whoe #&h 'ehn"#'

ACCESSEI%IT<

5irect ccess to Chair#erson o" the udit Coittee

A*4IT COMMITTEE Con$d@

II% MECHANISM

$"on of Off"e of 4"!e$o!#


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$"on of Off"e of 4"!e$o!#

4"#&l"f"ed n o!de! ofCo&!$T!"&nl ndo!

?"l# $o d"#lo#e "n$e!e#$ "n nCon$!$ A!!nge'en$ ndo!

Iin which directly or indirectly interested;L

A#en$# f!o' ll Mee$"ng# of $he o!d

Iduring #eriod o" 12 onths with or without seeking lea'eo" a)sence;L andFor

A$# "n on$!/en$"on of Se$"on 189

Iw.r.t. contracts or arrangeents;

=""ice o" 5irectorshall )ecoe 'acant in

case 5irector-

O??ICE-IN-4E?A*%T


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ail: Cshishirdudea4gail.co%Cell: +919910938312 2

*ia)le ?o (enalty =r (unishent By ay ="

!#risonent

O C N *GSe$"on 2(=0)

E%ATE4 PAT< TANSACTIONS


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NE POISIONS

Co'"ne# #e$"on# 25B nd 319 )oth the sections dealt with 2 di""erent

scenarios

5e"inition o" related #arty widened

(ur'iew o" related #arty transaction widened sale% #urchase% leasing o"

#ro#erty included

A!'# %eng$h T!n#$"on de"ined

C 66!o/l !e6led w"$h 6!"o! 66!o/l of #h!eholde!# "or #rescri)ed

class o" co#anies

,elated #arty contracts to )e eH#lained in the Board/s re#ort along with

usti"ication "or the contract

GPT

GSe$"on 188

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E%ATE4 PAT


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S.

No.

COMPANIES ACT 15:= COMPANIES ACT 2013 A44ITION

4E%ETION

123<8

9101112131<1

11181920

$ather @other Iincluding ste#-other;onIincluding ste#-son;on/s wi"e5aughter I including ste#-daughter;$ather/s "ather andFor $ather/s @other @other/s @other andFor @other/s "ather on/s son

on/s son/s wi"eon/s daughter on/s daughter/s hus)and5aughter/s hus)and5aughter/ son5aughter/s son/s wi"e5aughter/s daughter

5aughter/s daughter/s hus)andBrother I including ste#- )rothers;Brother/s wi"eister Iincluding ste# sister ;ister/s hus)and

#ouse$ather Iincluding ste#-"ather;$ather/s "ather $ather/s other @other Iincluding ste#-other;@other/s other @other/s "ather on I including ste# son;

on/s wi"eon/s sonon/s daughter 5aughter I including ste#- daughter;5aughter/s hus)andBrother Iincluding ste#-)rother;ister Iincluding ste#-sister;

A44ITIONte#-"ather

4E%ETIONon/s i"eon/s 5aughter/sus)and 5aughter Qs son

5aughter Qs son/swi"e5aughter/s daughter 5aughter/sdaughter/s hus)andBrother/s wi"eister/s hus)and

?he Co#anies ct% 19 >s. ?he Co#anies ct% 2013


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COPOATE SOCIA% ESPONSII%IT


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COPOATE SOCIA% ESPONSII%IT<

POMOTIN

E%?AEINITIATIES

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COPOATE SOCIA% ESPONSII%IT


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(CS)

GSe$"on 13:

'ery Co#anyIduring any $inancial

Rear;

et worth o"

,s. 00 crore orore

?urno'er o" ,s.

1000 crore orore

et (ro"it o" ,s. Crore or ore

'ery Co#any co#lying any one o" a)o'e 3 conditions% constitute a Co!6o!$eSo"l e#6on#""l"$ Co''"$$ee of $he o!d consisting o" 3 or ore directors% out

o" which at least one director shall )e an inde#endent director.

The o!d# !e6o!$ $o d"#lo#e $he o'6o#"$"on of $he CS Co''"$$ee


CS


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CS Con$d@

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CS


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CS Con$d@


CS


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CS Con$d@


CS


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AS PE THE 4A?T *%ES

•Ne$ P!of"$ de"ined as Ne$ P!of"$ efo!e T as #er )ooks o" accounts and does not

include #ro"its "ro )ranches outside !ndia

C, (olicy o" the co#any to include:

C, acti'ities to )e within !ndia onlyL

C, acti'ities not to )ene"it only the e#loyees o" the co#anyL

Co#anies ay colla)orate resources with other co#anies to undertake C,L

#eci"y the #roects and #rograes that are to )e undertaken.L

CS Con$d@


CS


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Co#any ay conduct C, acti'ities through trusts% societies% or non #ro"it

co#anies o#erating in !ndia% not set u# )y co#any itsel".C, (roect ay also "ocus on integrating )usiness odels with social and

en'ironental #riorities.

C, (olicy should #ro'ide that sur#lus arising out o" the C, acti'ity will not )e

#art o" )usiness #ro"its o" a co#any

C, acti'ities to )e conducted as #roects or #rograes eHcluding acti'ities

undertaken in noral course o" )usiness

C, Coittee to #re#are trans#arent onitoring echanis "or

i#leentation

CS Con$d@


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%OAN AN4 INESTMENT


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%OAN AN4 INESTMENT < A COMPAN<


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4E?INITION O? %OAN

• *oan has not )een de"ined uFs 18.

• ny transaction o" gi'ing oney to )e returned

in oney with or without interest can )e treated as JloanS.

• &rou# co#anies usually gi'e guarantee or #ro'ide securities "or loan taken )y

other grou# co#any.

• hould we to# doing this alsoT

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POSITIONS O? EDISTIN %OAN


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POSITIONS O? EDISTIN %OAN

• E"#$"ng long&!n$ee#e&!"$ #ro'ided )e"ore 12th e# is not a""ected )y

a)o'e #ro'isions. owe'er% it should not )e renewed G should )e re#aid on due

date.

%OAN g"/en f$e! 11$h

Se6$.

• !" any loan had already )een g"/en f$e! 11$h #e6.% you should )ook it as share

a##lication oneyF ad'ance "or #ro#ertyF #urchase o" goodsF aterials etc. )acked

)y adeDuate docuentation. ?hese should )e return as soon as #ossi)le.


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%OAN g"/en hold"ng $o #&#"d"! o


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%OAN g"/en hold"ng $o #&#"d"! o.

• ele/n$ "n$e!e#$ is interest o" director% not o" olding co% "or a##lica)ility o"

ec. 18.

• ?o attract ec. 18% any interest o" director Ior other #erson; in his 6e!#onl

6"$ "# !ele/n$. !nterest o" holding co. is not rele'ant.

• olding co. itsel" hold shares% not its directors or other #erson. ence% ec. 18

ay not )e a##lica)le.

%OAN g"/en #&#"d"! $o hold"ng o.

• ssuing that directors IG J#ersons in who directors are interestedS; o"su)sidiary co. does not hold any shares in holding co% ec. 18 is not attracted.


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%OAN AN4 INESTMENT < A COMPAN


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ccording to section 18 without #reudice o" the #ro'isions contained in this

ct% a co#any shall unless otherwise #rescri)ed% ake in'estent through not

ore than two layers o" in'estent co#aniesL

P!o/"ded that #ro'isions o" this su)-section shall not a""ect:

a; co#any "ro acDuiring any other co#any incor#orated in a country outside

!ndia i" such other co#any has in'estent su)sidiaries )eyond two layers as #er the laws o" such countryL

); su)sidiary co#any "ro ha'ing any in'estent su)sidiary "or the #ur#oses

o" eeting the reDuireents under any law or under any rule or regulation

"raed under any law "or the tie )eing in "orce.


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%OAN AN4 INESTMENT < A COMPAN


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o co#any shall directly or indirectly-

a; gi'e any loan to any #erson or other )ody cor#orateL

); gi'e any guarantee or #ro'ide security in connection with a loan to any other

)ody cor#orate or #ersonL and

c; acDuire )y way o" su)scri#tion% #urchase or otherwise% the securities o" any

other )ody cor#orate%

eeed"ng =0R of "$# 6"d-&6 #h!e 6"$l, "ree reser'e and securities #reiuaccount or 100N o" its "ree reser'es and securities #reiu account% whiche'er is

ore.

) here the gi'ing o" any loan or guarantee or #ro'iding any security or the

acDuisition under su)-section I2; eHceeds the liits s#eci"ied in that su)-section% #rior

a##ro'al )y eans o" a s#ecial resolution #assed at a &@ shall )e necessary.


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NO %OAN SEC*IT< *AANTEE


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TO 4IECTOS + PESONS

IN HOM 4IECTO IS INTEESTE4

GSe$"on 18:)• o co#any can ad'ance lon to its JdirectorsS or to Jother #ersons in who

directors are interestedS.

• o co#any can gi'e any guarantee or #ro'ide any security in connection with

any loan taken )y hi or such other #erson.


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MEANIN O? JTO AN< OTHE PESON IN


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HOM 4IECTO IS INTEESTE4

Ia; any director o" the lend"ng o'6n% or o" a o'6n wh"h

"# its hold"ng co#any or any 6!$ne! o! !el$"/e o" any such

directorL

I); any f"!' in which any such director or relati'e is a #artnerL

Ic; any 6!"/$e o'6n o" which any such director is a director or e)er L

Id; any od o!6o!$e at a general eeting o" which not less than 2: R o" the total

'oting #ower ay )e eHercised or Jon$!olled )y any such director% or )y two or

ore such directors% togetherL or

Ie; any od o!6o!$e, the Board o" directors% anaging director or anager%whereo" is $o'ed $o $ in accordance with the directions or instructions o"

the Board% or o" any director or directors% o" the lending co#any.


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MEANIN O? JCONTO%


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GSe$"on 2(g)

Control has )een de"ined as to include:-

a. ?he right to a##oint aority o" the directorsL or

). ?o control the anageent or #olicy decisions%

c. 5irectly or indirectly%

eHercisa)le )y a #erson or #ersons acting indi'idually or in concert% including )y

'irtue o" their shareholding or anageent rights or shareholding or anageent

rights or shareholders agreeents or 'oting agreeents or in any other anner.


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EDCEPTIONS


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EDCEPTIONS

a; @5F?5 - ?he gi'ing o" any loan to a @anaging or

hole-tie director-Ii; as a #art o" the conditions o" ser'ice eHtended )y the

co#any to all its e#loyeesL or

Iii; (ursuant to any schee a##ro'ed )y the e)ers )y a

s#ecial resolutionL

); =,5!,R C=6, - co#any which in the ordinary

course o" its )usiness #ro'ides loans or gi'es guarantees or

securities "or the due re#ayent o" any loan and in res#ect

o" such loans an interest is charged at a rate not less than the

)ank rate declared )y ,B!.


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IMPISONMENT + ?INE *PTO 2: %AKHS


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IMPISONMENT + ?INE *PTO 2: %AKHS

• Co#any $ine ,s. lakhs to ,s. 2 lakhs G

• 5irector or other #erson to who any loan is ad'anced or guarantee or security is

gi'en -!#risonent u#to onths or "ine ,s. lakhs to ,s. 2 *akhs% or )oth.


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? , A * 4

C O N ?

I 4 E N T IA % I T <

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?A*4


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4E?INITION O? ?A*4


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GSe$"on 99BJ$raudS includes

ny act% =ission% Concealent o" any "actL or )use o" #osition coitted

)y any #erson or any other #erson with the conni'ance in any anner% with intent todecei'e% to gain undue ad'antage "ro% or to inure the interests o"% the co#any or its

shareholders or its creditors or any other #erson% whether or not there is any wrong"ul

gain or wrong"ul loss.


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PENA%T< ?O ?A*4


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PENA%T< ?O ?A*4

ny #erson guilty o" "raud

!#risonent: onths to 10 yearsL and

$ine: tleast aount in'ol'ed in "raud% )ut ay eHtend to 3 ties the aountin'ol'ed in "raud.

here the "raud in'ol'es #u)lic interest% i#risonent shall not )e less than 3

years.


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EPOTIN O? ?A*4 TO CENTA%


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OENMENTGSe$"on193 (12)

!" an auditor o" a co#any%

in the course o" the #er"orance o" his duties as auditor%

has reason to )elie'e that an o""ence in'ol'ing "raud is )eing or

has )een coitted against the co#any

)y o""icers or e#loyees o" the co#any% he shall re#ort the atter to the

Central &o'ernent

!ediately or within #rescri)ed tie G anner.


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APP%ICA%E TO COST + SECETAIA% A*4ITOS


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GSe$"on 193(19

ection 1


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PENA%T< ?O NOT EPOTIN O? ?A*4

• $ine ,s. 1%00%000F- to ,s. 2%00%000F-

Uection 1


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IN PESCIE4 ?OMG4A?T *%ES 10.10(1)

,e#ort shall )e in the "or o" a stateent as gi'en in $or o. 10.3:

,e#ort to )e sent iediately )ut not later than 30 days o" his knowledge or

in"oration% with a co#y% to the audit coittee or

in case the co#any has not constituted an audit coittee% to the Board.

81


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MEANIN O? MATEIA%IT


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G4A?T *%ES 10.10(2)

. $raudIs; that is or are ha##ening "reDuentlyL or

B. $raudIs; where the aount in'ol'ed or likely to )e in'ol'ed is not less than:

N o" net #ro"it or

2 N o" turno'er o" the co#any "or the #receding $R.

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EPOTIN O? NON-MATEIA% ?A*4


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G4A?T *%ES 10.10(3)

uditors shall send a re#ort in writing

to the audit coittee and here the co. has not constituted an audit coittee% to Board.

?he audit coittee or the Board% as the case ay )e% shall re#ly to the auditors

in writing as to ste#s taken )y the audit coittee or the Board in addressing the

issues o" "raud% including systeic issues.

!n case the audit coittee or the Board% as the case ay )e% is not taking action

or the auditor is not satis"ied with the action taken% he ay re#ort to the C& e'en

i" the "raud is not aterial in nature.

83


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A*4IT + A*4ITOS


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8<


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A*4ITOS


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TANSITION POISIONS


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TANSITION POISIONSGPOISO TO Se$"on 135(2)

'ery co#any% eHisting on or )e"ore the coenceent o" this ct which is

reDuired to co#ly with #ro'isions o" this su)-section% co#any shall o'6l with

the reDuireents o" this su)-section within 3 e!# "ro the date o" coenceent

o" this ct.

8


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A*4IT + A*4ITOS SOME AMEN4MENTS


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• !ndi'idualF udit $ir shall )e a##ointed "or a #eriod o" years and )lock o"

years therea"ter% res#ecti'ely• $or *isted Co#anies and other #rescri)ed class o" co#anies Co#ulsory

rotation in years Iindi'idual;F 10 years I"ir;

• !n addition to accounting standards% auditing standards also )eing ade

co#ulsory

• Casual 'acancy caused due to resignation- to )e "illed in 3 onths )y general )ody

• rrant auditor-reo'ed and ay not )e allowed to )ecoe auditor o" other

Co#anies also "or years.

8


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Men"ng of e'&ne!$"onGS " 192(2)


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GSe$"on 192(2)

?he reuneration under su)-section I1; shall% in addition to the "ee #aya)le to an

auditor% include the eH#enses% i" any% incurred )y the auditor in connection with the

audit o" the co#any and any "acility eHtended to hi )ut does not include any

reuneration #aid to hi "or any other ser'ice rendered )y hi at the reDuest o" the

co#any.

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e'&ne!$"on of A&d"$o!#GSe$"on 192

?his ection #ro'ides "or reuneration o" auditors o" the co#any. !t "urther de"ines

the ter JreunerationS. ?he reuneration is to )e "iHed generally in the generaleeting.

El"g""l"$, U&l"f"$"on# of A&d"$o!#GS $" 191


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GSe$"on 191

•

C within the eaning o" the C ct% 19


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GSe$"on 191

od o!6o!$e other than a **(:

n o""icer or e'6loee o" the co#any.

#erson who is a 6!$ne!% or who is in the e#loyent% o" an o""icer or e#loyee

o" the co#any

#erson who% or his !el$"/e o! 6!$ne! W

• is hold"ng n #e&!"$ o" or "n$e!e#$ (enef""l owne!) in the co#any or itssu)sidiary% or o" its holding or associate co. or a su)sidiary o" such holding co.

owe'er% the relati'e ay hold #e&!"$ o! "n$e!e#$ in the co#any o" fe /l&e

not eHceeding ,s. 1%000 or such su as ay )e #rescri)ed (1 %7h) L

90


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4ISU*A%I?ICATIONS O? A*4ITOS Con$d


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4ISU*A%I?ICATIONS O? A*4ITOS Con$d@

• is inde)ted to the co.% or its su)sidiary% or its holding or associate co. or a

su)sidiary o" such holding co.% in eHcess o" such aount as ay )e #rescri)ed I1*akh;L or

• has gi'en a guarantee or #ro'ided any security in connection with the

inde)tedness o" any third #erson to the co.% or its su)sidiary% or its holding or

associate co. or a su)sidiary o" such holding co.% "or such aount as ay )e #rescri)ed I1 *akh;L

• a #erson or a "ir who% whether directly or indirectly% has )usiness relationshi#

with co.% or its su)sidiary% or its holding or associate co. or su)sidiary o" such

holding co. or associate co. o" #rescri)ed natureL

91


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4ISU*A%I?ICATIONS O? A*4ITOS Con$d


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4ISU*A%I?ICATIONS O? A*4ITOS Con$d@

• #erson whose relati'e is a director or is in e#loyent o" the co. as a director or

K@(L

• #erson who is in "ull tie e#loyent elsewhere or a #erson or a #artner o" a

"ir holding a##ointent as its auditor% i" such #erson or #artner is at the date o"

such a##ointent or rea##ointent holding a##ointent as auditor o" ore than 20

co#aniesL

• #erson who has )een con'icted )y a court o" an o""ence in'ol'ing "raud and a

#eriod o" 10 years has not ela#sed "ro the date o" such con'ictionL

• ny #erson whose su)sidiary or associate co. or any other "or o" entity% is engaged

as on the date o" a##ointent in consulting and s#ecialied ser'ices as #ro'ided in

sec. 1


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O? COMPANIES OTHE THAN OT. CO. GSe$"on 135(=)

• ##ointent )y Board: within 1 onth o" the date o" registration.

• ##ointent in &@ within 90 days : =n "ailure o" Board% Co. shall in"or the

e)ers% who shall a##oint at &@.

• ?enure o" o""ice: ?ill the conclusion o" the "irst &@.

• o notice o" a##ointent to ,=C

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APPOINTMENT O? A*4ITOSGSe$"on 135(1)


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• ##ointent at 1st &@: 'ery co#any shall% at the "irst &@% a##oint an

indi'idual or a "ir as an auditor.

• ?enure o" o""ice: ?ill the conclusion o" th &@ and therea"ter till the conclusion

o" e'ery th eeting.

• ,ati"ication: ?he Co#any shall #lace the atter relating to such a##ointent o"

rati"ication )y e)er at e'ery nnual &eneral @eeting.

GSe$"on 135(1)

9<


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APPOINTMENT O? A*4ITOS Con$d@


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• ritten consent: Be"ore such a##ointent is ade% the written consent o" the

auditor to such a##ointent shall )e o)tained "ro the auditor.

• Certi"icate: certi"icate "ro hi or it that the a##ointent% i" ade% shall )e in

accordance with the conditions as ay )e #rescri)ed% shall )e o)tained "ro the

auditor. ?he certi"icate shall also indicate whether the auditor satis"ies the criteria

#ro'ided in section 1


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SPECI?IE4 C%ASS O? COMPANIES

•

??6 (,!=5 !ndi'idual 1 ter o" consecuti'e years

udit $ir 2 ters o" consecuti'e years

• Cooling o"" #eriod o" years )e"ore neHt a##ointent

9


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APPOINTMENT O? ?IST A*4ITOS IN CASE

O? OT CO O CO ONE4 O


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O? OT. CO. O CO. ONE4 O

CONTO%%E4 < C O S ETC.

GSECTION 135(B)

• ##ointent )y CG&: !n the case o" a &o't. Co. or any other co#any owned or

controlled% directly or indirectly% )y the C&% or )y any &% or &o'ernents% or

#artly )y the C& and #artly )y one or ore &s% the "irst auditor shall )e a##ointed

)y the CG& within 0 days "ro the date o" registration.

• ##ointent )y Board: !n case the CG& does not a##oint such auditor within the

said #eriod% the B=5 shall a##oint such auditor within the neHt 30 days.

9


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APPOINTMENT O? ?IST A*4ITOS IN CASE

O? OT CO O CO ONE4 O


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O? OT. CO. O CO. ONE4 O

CONTO%%E4 < C O S ETC.

GSe$"on 135(B)

• ##ointent in &@: !n the case o" "ailure o" the Board to a##oint such auditor

within neHt 30 days% it shall in"or the e)ers o" the co#any who shall a##oint

such auditor within 0 days at an &@.

• ?enure o" o""ice: ?ill the conclusion o" the "irst &@.

• o notice o" a##ointent to ,=C

98


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?IM HAIN COMMON PATNE INE%II%E


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?O APPOINTMENT ?O NEDT ?IE


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• 4A?T *%E 10.2

$or the #ur#oses o" the second #ro'iso to su)-section I1; o" section 139% the

#ro#osed a##ointee shall su)it a certi"icate that

I1; e or it is eligi)le "or a##ointent and is not disDuali"ied "or a##ointent

under the ct% the Chartered ccountants ct% 19


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COMPANIES ACT, 15:=

• ithin days o" a##ointent )y the

co#any to the auditor

• ?he auditor shall within 30 days o"

the recei#t o" a##ointent letter%

in"or the ,=C in $or 23B:

a. whether he has acce#ted

or

). whether he has re"used to acce#t

COMPANIES ACT, 2013

• ithin 1 days o" a##ointent )y

the co#any to the auditor

• ?he co#any shall within 1 days o"

a##ointent% in"or the ,=C in

$or 23B:

a. his acce#tance

Inot entioning reection here )ecause

the consent letter is taken )e"ore;

101


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OTATION O? A*4ITIN PATNE AN4 HIS

TEAM


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TEAM

• ?he C& ay% )y rules% #rescri)e the anner in which the co#anies shall rotate

their auditors in #ursuance o" su)-section I2; Xec 139I


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GSe$ o 35(:)

!n the case o" a &o't. Co. or any other co#any owned or controlled% directly orindirectly% )y the C&% or )y any & or &o'ernents% or #artly )y the C& and

#artly )y one or ore &s% the CG& shall% in res#ect o" a "inancial year% a##oint

an auditor duly Duali"ied to )e a##ointed as an auditor o" co#anies under this ct%

within a #eriod o" 180 days "ro the coenceent o" the $R% who shall hold

o""ice till the conclusion o" the &@.

103


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CAS*A% ACANC


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• ny casual 'acancy in the o""ice o" an auditor shallW

)e "illed )y the Board o" 5irectors within 30 days.

!" it is )ecause o" ,!&?!=:

a. t a general eeting

). Con'ened within 3 onths o" the recoendation o" the B=5

c. ?he uditor to hold the o""ice till the conclusion o" the neHt annual general

eeting

10<


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CAS*A% ACANC< - CA• Co#anies whose accounts are su)ect to audit )y an auditor a##ointed )y the

C&:

• Casual 'acancy shall )e "illed )y C& within 30 days

• !n case does not get "illed% the B=5 shall "ill the 'acancy within neHt 30 days

e66o"n$'en$ of !e$"!"ng &d"$o! $ AMGSe$"on 135(5)


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GSe$"on 135(5)

retiring auditor ay )e re-a##ointed at an &@% i"

• he is not disDuali"ied "or re-a##ointentL

• he has not gi'en the co#any a notice in writing o" his unwillingness to )e re-

a##ointedL and

• a #ecial ,esolution has not )een #assed at that eeting a##ointing soe other

auditor or #ro'iding eH#ressly that he shall not )e re-a##ointed.

• owe'er% the a)o'e #ro'ision is su)ect to ec 139I1; and the rules ade

thereunder. here at any &@% no auditor is a##ointed or re-a##ointed% the

eHisting auditor shall continue to )e the auditor o" the co#any Uec 139I10;V.

10


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EMOA%, ESINATION + SPECIA% NOTICE

of A*4ITO


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of A*4ITO GSe$"on 190

•

?he auditor ay )e reo'ed )y s#ecial resolution a"ter o)taining the #re'iousa##ro'al o" C& and a"ter gi'ing an o##ortunity o" )eing heard.

• hen the uditor resigns% a stateent in #rescri)ed "or is to )e "illed with the

Co#any and the ,egistrar within 30 days.

• #ecial notice shall )e reDuired "or a##ointing a #erson as auditor other than a

retiring auditor.

• ?he ?ri)unal is e#owered to change the auditor o" a Co#any in case o" any

"raudulent acti'ities )y auditor.

10


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INTIMATION O? ESINATION


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• ?he auditor shall "ile within a #eriod o" 30 days "ro the date o" resignation% a

stateent in the #rescri)ed "or with I$or no.10.2;:

a. the Co#any and

). the ,egistrar and

c. the C& Iwhere a##lica)le;

indicating the reasons and other "acts I"or resignation;

• on-co#liance o" it )y the auditor:

(enalty $ine ,s.0%000 to ,s. lakhs


Cell: +919910938312C !!, 5657

ACCO*NTS


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?INANCIA% STATEMENT#


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?INANCIA% STATEMENT#


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MEANIN O? J?INANCIA% STATEMENTGSe$"on 2(90)


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G ( )

!t includes:

a; Balance heet

); (ro"it G *oss stateent

c; Cash $low stateent

Inot andatory "or sall co#anies% =(Cs G 5orant co#anies;

d; tateent o" Changes in eDuity i" a##lica)le

e;H#lanatory stateent ote anneHed to G "oring #art o" $inancial stateents


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J?INANCIA%


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(eriod ending on 31st @arch e'ery year% and where it has )een incor#orated on or a"ter

the 1st day o" 7anuary o" a year% the #eriod ending on the 31 st @arch o" the "ollowing

year% in res#ect whereo" "inancial stateent o" the co#any or )ody cor#orate is adeu#:

?ri)unal ay% i" it is satis"ied% allow any #eriod as its "inancial year to a olding

co#any or a u)sidiary o" a co#any incor#orated outside !ndia and is reDuired to

"ollow a di""erent "inancial year "or consolidation o" its accounts outside !ndia%

whether or not that #eriod is a year:

Co#any or )ody cor#orate% eHisting on the coenceent o" this ct% shall% within a

#eriod o" 2 years "ro such coenceent% align its "inancial year as #er the

#ro'isions o" this clauseL

?he Co#anies ct% 2013 does not #ro'ide "or eHtension o" $R


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e&"!e'en$# of ?"nn"l S$$e'en$

GSe$"on 125


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GSe$"on 125

• ?he $ shall gi'e a true and "air 'iew and co#ly with the G shall )e in the

"or as #ro'ided in chedule !!!.

• ?he $ shall )e laid in the &@ o" that $R.

• ?he holding co#any shall in addition% #re#are a C$ o" the Co#any% allsu)sidiaries% associates G oint 'entures and lay )e"ore the &@.


Cell: +919910938312C !!, 5657

e-o6en"ng of o&n$# on Co&!$# o! T!"&nl# o!de!#

GSe$"on 130


113/141

GSe$"on 130

?his new ection #ro'ides "or #ro'isions relating to re-o#ening or re-casting o" the )ooks o" accounts o" Co#any #ursuant to order o" Court or ?ri)unal on a##lication

ade )y C&% any tatutory uthority or any #erson concerned i" it was "ound that

earlier accounts were #re#ared in "raudulent anner or "inancial stateents are not

relia)le due to isanageent o" a""airs o" the co#any. ?he accounts so re'ised or

re-cast shall )e "inal.


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ol&n$! !e/"#"on of ?S o! o!d# !e6o!$GSe$"on 131


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?he directors to #re#are re'ised "inancial stateent or a re'ised Board/s re#ort o" any

o" the 3 #receding "inancial years only once in a $R% i" it a##ears to the that they didnot co#ly with the reDuireent o" ection129 or ection13< a"ter o)taining

a##ro'al o" the ?ri)unal.

?ri)unal shall take into account the re#resentations i" any% o" the C& and o" the !?

5e#artent.

uch re'ised "inancial stateent or re#ort shall )e su)ect to rules #re#ared )y C&.

11<ail: Cshishirdudea4gail.co%

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C $o 6!e#!"e Ao&n$"ng S$nd!d#


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GSe$"on 133

?his ection #ro'ides that the C& ay% a"ter consultation with $,% #rescri)e the

ccounting tandards as recoended )y the !C! "or ado#tion )y co#anies.


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O4 #hll 66!o/e ?"nn"l S$$e'en$#


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66GSe$"on 139

?his ection #ro'ides that the $ should )e a##ro'ed )y the B=5 )e"ore they are

signed and su)itted to auditor. ?he Board/s ,e#ort G uditor/s ,e#ort are to )e

attached with e'ery $ )e"ore it is issued.


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Co6 of ?S $o e f"led w"$h eg"#$!!GSe$"on 13B


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?his ection #ro'ides that a co#y o" $% auditor/s re#ort etc shall )e "illed with the

,egistrar within 30 days.

!n case a co#any does not hold an &@ or the &@ has )een adourned in any

year% a stateent o" "acts and reasons along with $ and attachent has to )e "iled

with the ,egistrar.

!n case the accounts are not ado#ted at &@ or adourned eeting% the unado#tedaccounts shall )e "iled with ,=C who shall take the in his records as #ro'isional

till "inal accounts are "iled.

=ne (erson Co. I=(C; is reDuired to "ile the $ with the ,egistrar within 180 days

"ro the date o" eeting.


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In$e!nl A&d"$ GS $" 138


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GSe$"on 138

?his new ection #ro'ides "or conduct o" internal audit o" #rescri)ed class or classeso" co#anies. @anner o" conducting internal audit shall )e #rescri)ed )y the C&.


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4EPECIATION


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chedule !! introduced

5e#reciation to )e )ased on use"ul li"e G residual 'alue

6se"ul li'es o" 'arious tangi)le assets #rescri)ed

,esidual >alue not ore than N o" the original cost o" the asset

$ro the date chedule !! )ecoes e""ecti'e carrying aount o" the asset shall )e

de#reciated o'er the reaining use"ul li"e o" the asset

4e6. V (Co#$ e#"d&l l&e)*#ef&l l"fe


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C56* !! Iee section 123;

6$6* *!> ?= C=@(6? 5(,C!?!=


120/141

6$6* *!> ?= C=@(6? 5(,C!?!=

PAT A

1. 5e#reciation is the systeatic allocation o" the de#recia)le aount o" an asset

o'er its use"ul li"e. ?he de#recia)le aount o" an asset is the cost o" an asset or

other aount su)stituted "or cost% less its residual 'alue. J?he use"ul li"e o" an

assetS is the #eriod o'er which an asset is eH#ected to )e a'aila)le "or use )y an

entity% or the nu)er o" #roduction or siilar units eH#ected to )e o)tained "rothe asset )y the entity.

2. $or the #ur#ose o" this chedule% the ter de#reciation includes aortisation.


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*SE?*% %IES TO COMP*TE 4EPECIATION(Con$d.)


121/141

3. ithout #reudice to "oregoing #ro'isions o" #aragra#h 1%

Ii; !n case o" such class o" co#anies% as ay )e #rescri)ed and whose "inancial

stateents co#ly with the accounting standards #rescri)ed "or such class o"

co#anies under section 133 the use"ul li"e o" an asset shall not norally )e

di""erent "ro the use"ul li"e and the residual 'alue shall not )e di""erent "ro

that as indicated in (art C% #ro'ided that i" such a co#any uses a use"ul li"e orresidual 'alue which is di""erent "ro the use"ul li"e or residual 'alue indicated

therein% it shall Jdisclose the usti"icationS "or the sae.

Iii; !n res#ect o" other co#anies the use"ul li"e o" an asset shall not )e longer than

the use"ul li"e and the residual 'alue shall not )e higher than that #rescri)ed in

(art C.


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*SE?*% %IES TO COMP*TE 4EPECIATION(Con$d.)


122/141

Iiii; $or intangi)le assets% the #ro'isions o" the ccounting tandards entioned under

su)-#ara Ii; or Iii;% as a##lica)le% shall a##ly.

PAT


123/141

6 g

GSe$"on 132

?his ection #ro'ides that the C& ay )y noti"ication constitute the $,

to ad'ice on ccounting tandards I; G uditing tandardsI;%

to onitor% en"orce% co#liance and o'erseeing the Duality o" ser'ice o" associated

#ro"essionals. .

?he authority shall ha'e #ower to in'estigate the atters o" isconduct coitted )y

any e)er o" !C! or any other #rescri)ed #ro"ession and #ass order which ay )e

a##ealed to ##ellate uthority to )e constituted )y C&.

Auali"ications% ters and conditions o" a##ointent o" the chair#erson and e)ers

o" the ##ellate uthority ha'e also )een #ro'ided.


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N$"onl Co'6n %w T!"&nl+

N $" l C % A ll $ T " l


124/141

• Central &o'ernent shall% )y noti"ication% constitute with e""ect "ro such dateas ay )e s#eci"ied therein% a ?ri)unal to )e known as the ational Co#any

*aw ?ri)unal. Iection


125/141


Cell: +919910938312

uit ay )e "iled )y e)ers or de#ositors or any class o" theL

!" anageent or conduct o" the a""airs o" the co#any are )eing conducted in aanner #reudicial to the interest o" the co#any% its e)ers or de#ositorsL

uit ay )e "iled )y ore than :- 100 in nu)er Lor @ore than a #ercentage o" total nu)er o" de#ositors% whiche'er is less% or

ny de#ositor or de#ositors to who the co#any owes such #ercentage o"total de#osits o" the co#any.

5aages or co#ensation or any other suita)le action "ro or againstW

?he co#any or its directors "or any "raudulent% unlaw"ul or wrong"ul act or

oission. ny eH#ert or ad'isor or consultant or any other #erson "or any incorrect or

isleading stateent or "or any "raudulent% unlaw"ul or wrong"ul act or

conduct.

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MISCE%%ANEO*S


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Cell: +919910938312

12

*%ES PETAININ TO COMPANIES ACT, 15:=

li i " i 1 9 i C i l 19


127/141


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##lication o" section 19 to $oreign Co#anies ,ules% 19Co#anies Icce#tance o" 5e#osits; ,ules 19Co#anies I##lication "or Htension o" tie or He#tion under su)- section I8; o" section 8;

,ules% 199Co#anies I##ointent G Auali"ications o" ecretary; ,ules% 1988Co#anies I##ointent o" ole gents; ,ules% 19Co#anies I##ointent o" the sall hareholders/ 5irector; ,ules% 2001Co#anies Iuditor/s ,e#ort; =rder% 2003Co#anies IBranch udit He#tion; ,ules% 191Co#anies ICo#liance Certi"icate; ,ules% 2001Co#anies I5eclaration o" Bene"icial !nterest in hares; ,ules% 19Co#anies I5isDuali"ication o" 5irectors under section 2oting ,ights; ,ules% 2001Co#anies I!ssue o" hare Certi"icates; ,ules% 190Co#anies I=""icial *iDuidators ccount; ,ules% 19

Co#anies I(articulars o" #loyees; ,ules% 19Co#anies I(reser'ation and 5is#osal o" ,ecords; ,ules% 19Co#anies I?rans"er o" (ro"its to ,eser'es; ,ules% 19Co#anies 6n#aid 5i'idend I?rans"er to &eneral ,e'enue ccount o" the Central &o'ernent; ,ules%

198Co#anies ICourt; ,ules% 199

Co#anies Ilectronic $iling and uthentication o" 5ocuents; ,ules 200Co#anies I!ssue o" !ndian 5e#ository ,ecei#ts; ,ules% 200<

*%ES PETAININ TO COMPANIES ACT, 15:= Con$d...


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128


Co#anies I!ssue o" !ndian 5e#ository ,ecei#ts; ,ules% 200<Co#any *aw ettleent I7au nd Kashir; chee% 2003Co#any *aw ettleent chee% 2010

asy Hit chee% 2010(roducer Co#anies I&eneral ,eser'es; ,ules% 2003chee $or $iling o" tatutory 5ocuents nd =ther ?ransactions By Co#anies !n lectronic @odei#li"ied Hit chee% 200!n'estor ducation and (rotection $und Iwareness and (rotection o" !n'estors; ,ules 2001(ri'ate liited co#any and unlisted #u)lic liited co#any IBuy-Back o" ecurities; ,ules% 19996nlisted Co#anies I!ssue o" weat Duity hares; ,ules% 2003

Co#anies ICost ccounting ,ecords; ,ules% 2011Co#anies ICost udit ,e#ort; ,ules% 2011Co#anies I5irector !denti"ication u)er; ,ules 2005irectors ,elati'e I=""ice or (lace o" (ro"it; ,ules% 2011Cost udit ,e#ort ,ules% 2001Co#anies I(assing o" the ,esolution )y (ostal Ballot; ,ules% 2011Co#anies I$ees on ##lications; ,ules 1999

?he Cost ccounting ,ecords Ilectricity !ndustry; ,ules 2011?he Cost ccounting ,ecords I$ertilier !ndustry; ,ules 2011?he Cost ccounting ,ecords I(etroleu !ndustry; ,ules 2011?he Cost ccounting ,ecords I(haraceutical !ndustry; ,ules 2011?he Cost ccounting ,ecords Iugar !ndustry; ,ules 2011

Co#anies I5eclaration o" 5i'idend out o" ,eser'es; ,ules 19

*%ES PETAININ TO COMPANIES ACT, 15:=Con$d...


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Co#anies I5eclaration o" 5i'idend out o" ,eser'es; ,ules 19Co#anies I5isclosure o" (articulars in the ,e#ort o" Board o" 5irectors; ,ules 1988Co#any *aw Board I$ees on ##lications and (etitions; ,ules 1991

Co#any/s *iDuidation ccounts ,ules% 19(u)lic Co#anies I?ers o" !ssue o" 5e)entures and o" ,aising o" *oans with o#tion to Con'ert such

5e)entures or *oans into hares; ,ules% 196nlisted (u)lic co#anies I(re"erential allotent; ,ules 2003Co#anies I$iling o" 5ocuents and $ors in Htensi)le Business ,e#orting *anguage; ,ules 2011Co#any Board I&rou# B (ost- ection =""icer; ,ecruitent ,ules 2013Co#any *aw Board IAuali"ications H#erience and =ther Conditions o" er'ice o" @e)ers; ,ules

1993!n'estor ducation and (rotection $und I6#loading o" in"oration regarding un#aid and unclaied

aounts lying with co#anies; ,ules 2012Cost ccounting ,ecords Iteel (lant; ,ules%1990Cost ccounting ,ecords I@otor >ehicles; ,ules%199Cost ccounting ,ecords Ingineering !ndustries; ,ules%198<

?he Cost ccounting ,ecords I?elecounication !ndustry; ,ules% 2011?he Cost ccounting ,ecords I(lantation (roducts; ,ules% 2002Cost ccounting ,ecords Ilectronic #roducts; ,ules% 2001Cost ccounting ,ecords I@ining and @etallurgy; ,ules% 20015irectors ,elati'es I=""ice or (lace o" (ro"it; ,ules% 2003

COSTIN STAN4A4


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C !!, 5657

C-1 - Classi"ication =" Cost

C-2 - Ca#acity 5eterination

C-3 - ='erheads

C-< - Cost =" (roduction $or Ca#ti'e Consu#tion

C- - 5eterination =" 'erage IDualied; Cost =" ?rans#ortation

C- - @aterial Cost

C- - #loyee Cost

C-8 - Cost =" 6tilities

C-9 - (acking @aterial Cost

C-10 - 5irect H#enses

C-11 - dinistrati'e ='erheads

C-12 - ,e#airs G @aintenance Cost

C-13 - Cost =" er'ice Cost Centre

SECETAIA% STAN4A4S


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C !!, 5657

-1 : ecretarial tandard on @eetings o" the Board o" 5irectors

-2 : ecretarial tandard on &eneral @eetings

-3: ecretarial tandard on 5i'idend

-


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1 5isclosure o" ccounting (olicies

2 >aluation o" !n'entories

3 Cash $low tateents < Contingencies and 'ents =ccurring "ter the Balance heet 5ate

et (ro"it or *oss "or the (eriod% (rior (eriod !tes and Changes in ccounting

(olicies

5e#reciation ccounting

Construction Contracts

9 ,e'enue ,ecognition

10 ccounting "or $iHed ssets

11 ?he ""ects o" Changes in $oreign Hchange ,ates

12 ccounting "or &o'ernent &rants

13 ccounting "or !n'estents

1< ccounting "or algaations

1 #loyee Bene"its

ended 'ide &..,. 212I; 2.03.2008 - Co#anies Iccounting tandards; Z

endent ,ules% 2008

ACCO*NTIN STAN4A4S Con$d@


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1 Borrowing Costs

1 egent ,e#orting 18 ,elated (arty 5isclosures

19 *eases

20 arnings (er hare

21 Consolidated $inancial tateents

22 ccounting "or ?aHes on !ncoe 23 ccounting "or !n'estents in ssociates in Consolidated $inancial tateents

2< 5iscontinuing =#erations

2 !nteri $inancial ,e#orting

2 !ntangi)le ssets

2 $inancial ,e#orting o" !nterests in 7oint >entures

28 !#airent o" ssets

29 (ro'isions% Contingent *ia)ilities and Contingent ssets

*I4E%INES


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13<ail: Cshishirdudea4gail.co%

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>oluntary &uidelines "or Co#anies "or #ro'iding general in"oration on their we)sites

ae 'aila)ility &uidelines% 2011

Cor#orate ocial ,es#onsi)ility >oluntary &uidelines 2009

&uidelines "or Cor#orate &o'ernance "or C(s 2010

NOTI?IE4 SECTION CA, 2013

Ch6$e! I P!el"'"n! (1 2)


135/141


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Ch6$e! I -P!el"'"n! (1 - 2)

ection 1- hort title% eHtent% coenceent and a##lication.

ection 2- 5e"initions.

Ch6$e! II -Ino!6o!$"on of Co'6n nd M$$e!# In"den$l The!e$o (3 - 22)ection 19- u)sidiary co#any not to hold shares in its holding co#any.

ection 21- uthentication o" docuents% #roceedings and contracts.

ection 22- Hecution o" )ills o" eHchange% etc.

Ch6$e! III -P!o#6e$ nd Allo$'en$ of Se&!"$"e# (23 - 92)

ection 23- (u)lic o""er and #ri'ate #laceent.

ection 2


136/141

ection 11


137/141

ection 91- (ower to close register o" e)ers or de)enture holders or other security holders.

Ch6$e! III -4el!$"on nd P'en$ of 4"/"dend (123 - 12B)

ection 12- (unishent "or "ailure to distri)ute di'idends.

Ch6$e! ID -Ao&n$# of Co'6n"e# (128 - 138)ection 133- Central &o'ernent to #rescri)e accounting standards.

Ch6$e! DI -A66o"n$'en$ nd U&l"f"$"on# of 4"!e$o!# (195 - 1B2)

ection 11- ##ointent o" additional director% alternate director and noinee director.

ection 12- ##ointent o" directors to )e 'oted indi'idually.

ection 13- =#tion to ado#t #rinci#le o" #ro#ortional re#resentation "or a##ointent o" directors.

Ch6$e! DII -Mee$"ng# of o!d nd "$# Powe!# (1B3 - 15:)

ection 1- 5e"ects in a##ointent o" directors not to in'alidate actions taken. ection 180- ,estrictions on #owers o" Board.

ection 181- Co#any to contri)ute to )ona "ide and charita)le "unds% etc.

ection 182- (rohi)itions and restrictions regarding #olitical contri)utions.

ection 183- (ower o" Board and other #ersons to ake contri)utions to national de"ense "und% etc.

ection 18- *oan to directors% etc.

ection 192- ,estriction on non-cash transactions in'ol'ing directors.

ection 19


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ection 38 !nter#retation.

Ch6$e! DDIII-o/e!n'en$ Co'6n"e# (359 - 35:)

ection 39


139/141

ection


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# y I ; Cha#ter !! -!ncor#oration o" Co#any and @atters !ncidental ?hereto I3 - 22; Cha#ter !!! -(ros#ectus and llotent o" ecurities I23 - -hare Ca#ital and 5e)entures I -cce#tance o" 5e#osits )y Co#anies I3 - ; Cha#ter >! -,egistration o" Charges I - 8; Cha#ter >!! -@anageent and dinistration I88 - 122; Cha#ter >!!! -5eclaration and (ayent o" 5i'idend I123 - 12; Cha#ter ![ -ccounts o" Co#anies I128 - 138; Cha#ter [ -udit and uditors I139 - 1


141/141

necessarily re"lect the 'iews or #olicies related to any statutory )ody. ?he atter used in this

#resentations are intended "or discussion G knowledge share #ur#oses only. uthor o" this

#resentation does not guarantee the accuracy o" the data included eHa#les% iages and acce#tsno res#onsi)ility "or any conseDuences o" its use. $or detailed in"oration on any to#ic% Kindly

re"er to ? C=@(! C?% 2013% ? C=@(! C?% 19 % ,ules G oti"ications.

CS S hi S hir Dudeja Cell : +91-9910938312 -ail : shishirdudea4li'e.co

Cshishirdudea4gail.co

*inked!n: htt#:FFin.linkedin.coFinF#h"#h"!d&de>

?witter: htt#s:FFtwitter.coF4&de>Sh"Sh"!

h FF " ) k F

1114588 60663 the companies act 2013 by cs shishir dudeja

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