The document is aligned with the Strategic Plan for Biodiversity and the Aichi Biodiversity Targets, as well as with two key national strategies, namely, the National Sustainable Development Plan and the National Environment Policy and Implementation Plan It will also be the main implementing strategy for the Environment Pillar of the National Sustainable Development Goals and Policies Conservation Area Management; 2. Coastal and Marine Ecosystems Conservation and Management; 4.
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Provided that no contract or arrangement, in the case of a company having a paid-up share capital of not less than such amount, or transactions not exceeding such sums, as may be prescribed, shall be entered into except with the prior approval of the company by a  [resolution]: Provided further that no member of the company shall vote on such  [resolution], to approve any contract or arrangement which may be entered into by the company, if such member is a related party: The above mentioned exception shall be applicable to a private company which has not committed a default in filing its financial statements under section of the said Act or annual return under section 92 of the said Act with the Registrar, vide amendment notification F.
The 1st and 2nd Proviso to Section 1 shall not apply to— a a Government company in respect of contracts or arrangements entered into by it with any other Government company; b a Government company, other than a listed company, in respect of contracts or arrangements other than those referred to in clause ain case such company obtains approval of the Ministry or Department of the Central Government which is administratively in charge of the company, or, as the case may be, the State Government before entering into such contract or arrangement; vide Notification No.
GSR E dated 5th June, The above mentioned exception shall be applicable to a government company which has not committed a default in filing its financial statements under section of the said Act or annual return under section 92 of the said Act with the Registrar, vide amendment notification no.
The 2nd Proviso to Section 1 shall not apply to a Specified public company, vide Notification No. Contract or arrangement with a related party.
Omnibus approval for related party transactions on annual basis. Provided that where the need for related party transaction cannot be foreseen and aforesaid details are not available, audit committee may make omnibus approval for such transactions subject to their value not exceeding rupees one crore per transaction.
The matter has been examined in the Ministry and it is hereby clarified that the resolution passed under section of the Companies Act, prior to Clarification with regard to Section of the Companies Act, This Ministry has received number of representations on the applicability of Section of the companies Act, with reference to loans made, guarantee given or security provided under Section A of the Companies Act, The issue has been examined with reference to applicability of Section A of the Companies Act, vis-a-vis Section of the Companies Act.
Section A of the Companies Act,specifically exempts any loans made, any guarantee given or security provided or any investment made by a holding company to its wholly owned subsidiary. Section of the companies Act, prohibits guarantee given or any security provided by a holding company respect of any loan taken by its subsidiary company except in the ordinary course of business.
In order to maintain harmony with regard to applicability of Section A of the companies Act, till the same is repealed and Section of the Companies Act, is notified, it is hereby clarified that any guarantee given or security provided by a holding company in respect of loans made by a bank or financial institution to its subsidiary company, exemption as provided in clause d of sub-section 8 of section A of the companies Act, shall be applicable till section of the Companies Act, is notified.
This clarification will, however, be applicable to cases where loans so obtained are exclusively utilized by the subsidiary for its principal business activities, Clarifications on matters relating to Related Party Transactions Circular No.
These representations have been examined and the following clarifications are given: Scope of second proviso to Section 1: Applicability to section to in case of corporate restructuring, amalgamations etc.
Requirement of fresh approvals for past contracts under Section DRAFT OFFER DOCUMENT Dated December 2, Book Built Issue India Grid Trust (Registered in the Republic of India as an irrevocable trust under the Indian Trusts Act, , on October 21, , and as an infrastructure investment trust under the Securities and.
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Cherry orchard act 3 analysis essay. Functional report of sebi analysis essay essay on racism and prejudice difference the. Regulation 77 of SEBI (Mutual Funds) Regulation, to protect the interests of investors in securities and to promote the development of, .
SEBI which is an abbreviation for Securities and Exchange Board of India has functions similar to the SEC or Securities Exchange Commission in the USA. In other words, the SEBI regulates the. Companies Amendment (Ordinance), promulgated; Prosecution is required to establish continuity in links of chain of circumstances, so as to lead to conclusion of Accused being the assailant.
FINANCIAL SYSTEMS Securities Exchange Board of India 1. History In the Securities and Exchange Board of India (SEBI) was it acquired statutory form in with SEBI Act Functions and Responsibilities SEBI has to be responsive to the needs of three groups,which constitute the Often seen as a brief summary of the .