(b) the expression “joint venture” usually means a joint arrangement whereby the get-togethers that have joint Charge of the arrangement have legal rights to The online assets of your arrangement; one.
Irrespective of whether title deed holder is often a promoter, director or relative# of promoter*/director or personnel of promoter/director
In which the corporate included below section a hundred thirty five of the businesses act, the subsequent shall be disclosed regarding CSR routines:-
(a) to arrange the economical benefits of the corporate on these kinds of periodical basis and in these type as can be prescribed;
Where by an organization is actually a declared wilful defaulter by any bank or money Institution or other lender, adhering to facts shall be specified, specifically:-
The company shall give the details of all of the immovable home (other than Attributes the place the corporate will be the lessee and the lease agreements are duly executed in favour with the lessee) whose title deeds are not held while in the name of the business in pursuing structure and in which these types of immovable home is jointly held with Some others, aspects are required to be provided towards the extent of the corporate’s share.
On the other hand, the place the consolidated fiscal statements is made up of elements pertaining to NBFCs and in addition to NBFCs, blended basis of presentation could possibly be adopted for consolidated monetary statements where both equally forms of operations are significant. Also, the consolidated fiscal statements shall disclose the data as per the requirements laid out in the applicable Indian Accounting Benchmarks notified below the businesses (Indian Accounting Requirements) Policies 2015, such as the adhering to, particularly:-
Mike Konczal, Roosevelt Institute: All through 2013 projections and estimates for expansion have been penned down. While a number of gradual writedowns in response to a series of unneeded austerity imposed much too quickly, viewed jointly it reveals a squandered calendar year when it comes to obtaining us again to entire employment.
(iv) period of time and amount of default as about the equilibrium sheet date in repayment of borrowings and fascination, shall be specified individually in each case.
(iii) Exactly where financial loans have been assured by directors or Other people, the aggregate amount of these types of loans under Every single head shall be disclosed.
(i) directly or indirectly lend or put money into other folks or entities determined in any way whatsoever by or on behalf of the corporation (Final Beneficiaries) or
(I) date and volume of fund advanced or loaned or invested in Intermediaries with full facts of each and every Intermediary.
Soon after yrs of populace losses and mounting financial debt, Detroit filed for bankruptcy on July eighteen, getting the most important town in U.S. heritage click here to strike the reset button. The transfer was an acknowledgement which the Motor Town, as soon as the richest in America, was incapable of digging by itself out from an $18 billion gap. “The 2009 bailouts could possibly have revived the carmakers,” TIME wrote following the submitting, “Nevertheless they haven’t saved the city.” To some inhabitants, In particular municipal staff and retirees who stand to get their pensions Reduce, declaring individual bankruptcy amounted to a very embarrassing surrender for just a the moment-mighty town.
The business shall give specifics of any transactions not recorded while in the guides of accounts which has been surrendered or disclosed as money over the yr within the tax assessments underneath the Profits Tax Act, 1961 (for instance, lookup or study or some other relevant provisions with the Revenue Tax Act, 1961), unless There exists immunity for disclosure beneath any plan.