Hi Folks |
That must be the secret of his longevity. What ? the attitude that “I am a little bird that has broken out of the egg”. The sense of freedom. The sense of breathing fresh air. The sense of joy and breaking out. He didn’t say this. He didn’t ‘appear’ to live a life like this. On the contrary, he is known as a strict disciplinarian whose brilliance and toil earned him Bharat Ratna. But surely he must have enjoyed what he did – building bridges, dams and factories and more. No wonder he lived upto the ripe age of 102. Who ? None other than the doyen of Indian Engineering, Sir M Visveswaraya, whose birthday on 15th September is celebrated as Engineer’s Day ! |
As we pay tribute to one of India’s finest engineers, let us find joy in what we do, as he did. Let us keep the wonderment alive in our lives. Let us resolve to break out of the sense of drudgery and monotony. Let us work towards perfection and excellence. Success will follow. These thoughts seem all the more relevant for us as we are caught in a whirpool of deadlines, KYCs, disclosures, compliances etc. Many of which we stretch to ensure for others. Dependant on their timelines. Dependant on an undependable technology platform. But the best part is to steer through these challenges and complete a task. Of course I am referring to the DIR3 KYC filings, the reminders to corporates to disclose their Significant Beneficial Ownership – all in an effort by the Government to pierce the shell and find the ‘person’ behind it or ‘smash’ the shell itself. Well, there has been an underprepared overdrive which has exposed the vulnerability of the technology and undesired DIN deactivations leading to uproar. To keep our calm amidst this sea of chaos is a challenge. We need all the inner resolve in the world to keep going. As they say, Keep Walking. Keep Moving Forward !! |
Samhita is moving too towards the 200th issue. In this 196thissue, we carry news about a few more sections made effective in the Companies Amendment Act, 2017 and a plethora of GST notifications (we have had to summarise as a 6 page note !). Come 2nd October, no more dealing in physical shares. Even if you are a shareholder of an unlisted public company, it is time you demat your shares. Brave yourself for many such changes in future. Keep yourself updated through our fortnightly newsletters. For any previous issues of Samhita and the readers feedback, please visit
https://sharadasc.com/resource-center/
Happy Reading

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Part I, II and III of Schedule V of CA, 2013 under S.196 and 197 relating to Appointment of and payment of Managerial Remuneration has been liberalised by doing away with Central Government approval and permitting shareholders to approve the same.
The Insolvency and Bankruptcy Code, 2016, Goods and Services Tax, 2017 and Fugitive Economic Offenders Act, 2018 have been included in the list of enactments in Part I.
A managerial person can now draw remuneration from more than 1 company since there is no ceiling provided in Schedule V of the Companies Act, 2013.
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Effective 2nd October, 2018 Companies (Prospectus and Allotment) Rules, 2018 has been amended requiring DEMAT of securities of unlisted public companies. All fresh issue of securities whether on rights basis or private placement or bonus issue and buyback and transfer of securities from 2ndOctober, 2018 shall only be in DEMAT form.
The company must obtain ISIN number from a Depository and comply with all the regulations under SEBI (Depository and Participants) Regulations, 1996, Depositories Act, 1996 and SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 1993.
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