Thursday 28 September 2017



Dear Readers, there is Vacancy for female Company Secretary. Please go through below for further details and requirements. 

Job Description
-*       NBFC Complainces
*        RBI Compliances under FEMA
*        Listing Compliance under SEBI of Debt Securities
*        Filing of Forms with MCA as per Companies Act, 2013
*        NBFC Rules & Regulations
- FEMA

Exp 3-7 yrs Female only

Salary: INR 5,00,000 - 11,00,000 P.A.

Industry: Banking / Financial Services / Broking

Functional Area: Accounts , Finance , Tax , Company Secretary , Audit

Role Category: Senior Management

Role: Company Secretary

Employment Type: Permanent Job, Full Time

Keyskills
Company Secretary Secretarial Activities FEMA SEBI regulation compliance regulation RBI compliance rbi legal CS
Skillstaffing Consultancy Services

Only who can join in 10-15 days Female candidates. pls apply. pls reach at 9227463525 to discuss

Recruiter Name: Anureeta

Email Address: anureeta.lal@skillstaffing.in



 Mittal-Ambani bonhomie: Does 'friendship' mean end of bitter telecom wars?

Reliance Industries Chairman Mukesh Ambani and Bharti Enterprises Chairman Sunil Bharti Mittal arrives for inauguration of the “India Mobile Congress 2017”, the country’s largest platform Connecting-Mobile-Internet-Technology, in New Delhi.

To the surprise of many, Bharti Enterprises Chairman Sunil Mittal and Reliance Industries Chairman Mukesh Ambani – arch rivals in the telecom sector, where their respective ventures Bharti Airtel and Reliance Jio are baying for market share – displayed a rare public bonhomieon Wednesday. The occasion was the inaugural edition of the India Mobile Congress (IMC), and the heads of top telecom service providers were sharing the dais.

With Mittal and Ambani exchanging warm notes and acknowledging each other as “friends”, one thought that came to many was whether this might mean an end to the bitter telecom wars in the Indian market.

While Mittal’s Bharti Airtel has been an old and established telecom operator, the recent emergence of Ambani’s Reliance Jio on the scene has caused a great disruption in the sector and left all incumbents rattled. More recently, Mittal and other incumbent telecom operators have been aggrieved by the Telecom Regulatory Authority of India’s (Trai’s) decision to lower inter-connect charges (IUC) from 14 paise per minute to 6 paise, a move that is seen benefitting only Ambani’s company and against which many are set to go to court in a few days. Older telecom companies fear they might lose over Rs 5,000 crore because of the cut in IUC.

Some of those present at the IMC venue say one should not make too much of the so-called bonhomie. Mittal and Ambani were only “being civil”, as the government wanted them to focus on its ‘Digital India’ agenda rather than use the forum to air their differences on IUC, the watchers argue. With Minister of State for Communications Manoj Sinha also present, “what do you expect two mature industrialists to do at a public forum? People are making too much about the statements”, says a senior executive of a leading telecom company.

But many say there is a clear difference in the focus of Mittal and Ambani, from that of other incumbent telcos. Both Bharti and Jio have betted on the 4G revolution and the belief that the market will dramatically shift to data. This is also apparent from the fact that Bharti and Infotel (which was later bought by Reliance Jio) had in 2010 bid and won spectrum in the 2,300MHz band (4G), even as other operators were uninterested. At that time, many incumbents had publicly said India was not yet ready for 4G, and some even now claim that the band currently used for capacity building could not have sustained 4G on its own.

While Bharti in 2012 became the first company to launch commercial 4G services in India, it is also way ahead of all except Jio in making a technological leap to 4G voice-over-LTE. It launched its 4G VOLTE services in Mumbai a few days ago and plans to go pan-Indian with it by the end of March next year. This will not only bring the company technologically on a par with Jio, but also give it the cost benefits that Jio enjoys at present. By comparison, while some others might roll out their 4G VOLTE services only by the end of next year, the smaller ones might not roll out at all due to cash constraints.

Many incumbent operators maintain that India is still a voice-only market and Trai’s IUC decision is forcing both service providers and users to move to data – at a huge cost that neither wants to incur. With over 500 million users in rural parts – at least 300 million of them using mobile phones only for incoming calls (they pay Rs 10-20 a month on recharges) – IUC was a key element that helped telcos subsidise them. Without the income from termination of calls, there might not be any economic incentive to invest in rural markets. Also, that these customers are looking only at voice services is reflected in the present 4G VOLTE subscriber base of only 25 million in rural India.

Besides increasing the cost for telcos, the Trai decision forces customers to make a choice and shift to 4G LTE at a stiff price – now they will have to pay for a new device, and the cheapest available, Reliance Jio, costs Rs 1,500 upfront, plus a monthly commitment of Rs 153. That is much more than what they pay at present (many have been using devices priced under Rs 500). “We are not against Digital India or new technology. But if the government says it will be technology-neutral, why is Trai forcing 500 million customers and telcos to move to data. It is anti-consumer; they will have to pay many times more,” says a top executive of a leading incumbent operator. 


F. No. 349/58/2017-GST
Government of India
Ministry of Finance

Department of Revenue
Central Board of Excise and Customs
***
New Delhi, the 21st September, 2017

Order No. 03/2017-GST

Subject: Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 117 of the Central Goods and Services Tax Rules, 2017
In exercise of the powers conferred by rule 117 of the Central Goods and Services Tax Rules, 2017 read with section 168 of the Central Goods and Services Tax Act, 2017, on the recommendations of the Council, the period for submitting the declaration in FORM GST TRAN-1 is extended till 31st October, 2017.
-sd-

(Upender Gupta)
Commissioner (GST)



Dear Readers, there is vacancy for the post of Company Secretary at Unison International Consulting Pvt. Ltd. Please go through below for further details and requirements. 

Job Description
Responsibilities

- Drafting, vetting and negotiating lease agreement, leave and license agreement with various landlord / mall operator for various Company owned stores.

- Ensuring legal compliances with all the regulatory aspect applicable to retail operation of the company.

- Providing legal service to various Brands with drafting of various agreements like franchising agreement, Retail Agreement for shop in shop stores and Multi branded stores, License Agreement.

- Drafting, vetting and negotiating all the commercial contracts, including, Joint venture Agreement, Contracts, lease agreement, Indemnity Bonds and Service provider agreement, NDA, MOU, engagement letters for hiring services of statutory auditors and other consultants and other ancillary agreements etc.

- Drafting of Board/ Annual General Meeting Minutes, Directors Report, ensuring 100% Secretarial compliance.

- Maintenance and updating of various Statutory Registers & Records and submission of the statutory returns, documents with Registrar of Companies, Reserve Bank Of India.

- Coordinating and providing all the information required for Transfer Pricing Study and 3CB Audit. Reviewing any Permanent Establishment exposure Issue under the Indian Transfer Pricing Rules.

- Reviewing the regular submissions filed before the Income tax authorities by the consultants on regular assessment cases and appeal cases. Follow up with all the cases pending before the Income tax authorities.

- Ensuring proper declaration/documents filed before the customs authorities, Coordinating for all the refund application filed before the customs authorities., exposure to Special Valuation Branch (SVB) Order

- Ensuring Protection of Intellectual Property Rights of the Group Companies through filling of opposition and follow up the external lawyers. Serving notices and replying to notices involving Infringement of trademark rights, etc. Initiate and coordinate anti -counterfeiting activities

- Interaction with various Government Agencies like Ministry of Commerce and Industry and Foreign Investment Promotion Board (FIPB), Department of Industry Policy & Promotion( DIPP), Reserve Bank of India, Directorate General of Foreign Trade, Registrar of Companies, Registrar of Trade Mark, Company Law Board, Standard Weights and Measurement Department, etc.

- Ensuring legal compliance with respect to importations, distribution and retailing of the watches e.g compliance with Standard Weights and Measurement Act and Package Commodity Rules.

- Ensuring proper compliances with the statutory requirements and coordinating with the panel counsels for monitoring various cases.

- Some experience of handling litigation's (Consumer/recovery/Criminal cases / Cheque bouncing, etc).

Salary: INR 10,00,000 - 12,00,000 P.A.
Industry: Retail Wholesale
Functional Area: LegalRegulatoryIntellectual Property
Role: Legal Manager
Employment Type: Permanent Job, Full Time

Desired Candidate Profile
Qualification: LL.B with Associate member of Institute of Company Secretaries of India

Experience: Post qualification experience of 4-5 years

Objectives

To ensure 100% compliance of all the law and regulation applicable to the company and to safeguard the company interest.

Company Profile
Unison International Consulting Pvt. Ltd
Luxury Retail Brand

Contact Details
Recruiter Name: Ajita Nair
Contact Company: Unison International Consulting Pvt. Ltd
Telephone:91-124-4565918
Address :318-324, 3rd Floor, DLF Star Tower, Sector-30, Gurgaon


Wednesday 27 September 2017



Dear Readers, there is Vacancy for the post of Company Secretary at FS Realty. Please go through below for further details and requirements. 


Job Description

Position:- Assistant Company Secretary 
 
Qualification :- Company Secretary 
Experience -0-3 years
Job Location :- Jaipur
Salary : No bar for the right candidate 

Roles & Responsibilities 

  • Should be well versed with Companies Act, 2013 and ensure statutory compliance under the Companies Act.
  • Work with the senior management for good corporate governance.
  • Comply with all applicable provisions of the Companies Act.
  • Finalize and review annual report for the Company.
  • Draft notices and minutes for Board and General Meetings.
  • Handle work related to issue of share certificates, transfer of shares and issue of duplicate share certificates.
  • File various forms and returns with the Registrar of Companies.
  • Prepare and maintain statutory records and minutes books.
  • Must have good drafting skills and is capable of handling work independent.
  • Preparation and maintenance of various Statutory Books and Registers of the Company under the Companies Act. 2013.




Dear Readers, there is Vacancy for the post of Company Secretary at Kailash Shipping Services (Subsidiary Company of Apollo Logi Solutions Ltd). Please go through below for further details and requirements. 


Job Description

Convenes Board Meeting, Committee Meetings and General Meetings of the Company;
Prepares the agenda and minutes of Board Meeting, Committee Meetings and General Meetings;
Maintains and updates all Statutory Registers as per the requirement of the Company Law;
Regularly files returns and documents with Registrar of Companies, Reserve Bank of India and other statutory authorities as required by various laws;
Ensures compliance with Company Law, Foreign Exchange Management Act (FEMA) and other applicable laws for the corporate;
Liaison with external regulators/ statutory authorities and advisers, such as lawyers and auditors;
Timely prepares Annual Reports and Compliance Reports
Provides legal advice during and outside of meetings
Monitors changes in relevant legislation and the regulatory environment and taking appropriate action;
Develops and oversees the systems that ensure the company complies with all applicable codes, in addition to its legal and statutory requirements.
Deals with correspondence, collating information and writing reports, ensuring decisions made are communicated in a timely manner to the relevant company stakeholders;
Contributes to meeting discussions as and when required, and advising team of the legal, governance, accounting and tax implications of proposed policies;
Job Type: Full-time
Salary: :INR 3,00,000 - 8,00,000 P.A.
Company Profile :- Kailash Shipping Services (Subsidiary Company of Apollo LogiSolutions Ltd)
Kailash Shipping Services is a full services Shipping and Logistics company, headquartered in Chennai, strategically close to the Chennai and Ennore ports. Our clients include top Indian companies from the manufacturing sector - auto and auto ancillary, cement, fertilizer, textiles and pharmaceuticals as well as leading international business houses who regularly source from India. With a committed team of over 120 employees, we ensure smooth handling of your requirements across major ports and airports of the world.

What sets us apart is our experience of close to 3 decades, and the insights and acumen we have gathered. We back this with solid infrastructure, like our own fleet of trucks and our new age Container Freight Station. And have also added the touch innovative technology, with our online tracking system KSS Webtrack̢㢠and other technology based proprietary tools that ensure your better handling of your needs.

Besides this, we deliver an unbridled advantage to our clients in terms of logistics - supporting them with our network of affiliates and shipping partners in the era of the global supply chain


Tuesday 26 September 2017


Dear Readers, there is Vacancy for the post of Trainee Company Secretary at EA Water Pvt. Ltd.. Please go through below for further details and requirements.

Job Description
Assisting Company Secretary in day to day operations of the organization and CS
Related work.

Salary: Not Disclosed by Recruiter
Industry: Water Treatment / Waste Management
Functional Area: Accounts , Finance , Tax , Company Secretary , Audit
Role Category: Other
Role: Trainee
Employment Type: Permanent Job, Full Time
Keyskills
Secretarial Activities Company Secretary
Desired Candidate Profile
Please refer to the Job description above

Company Profile:
EA Water Pvt. Ltd.
a leading name in water industry

Recruiter Name: Pallavi
Contact Company: EA Water Pvt Ltd
Address: A1/152Neb SaraiIGNOU Road,Delhi,India 110068
Telephone: 011-43100514




Dear Readers, there is Vacancy for the post of Company Secretary at SRGP Corporation Ltd. Please go through below for further details and requirements. 



Job Description
1) Company secretarial work.
2) Financial MIS & Reporting
3) Legal & Litigation work
4) All contracts, land search etc.
5) Investment management
6) Custodian of all legal & important documents
7) Statutory compliances
8) ROC matter.
9) Sales Documentation - format and audit
Job Type: Full-time
Salary: 50,000.00 to 60,000.00 /month
Job Location: Gurgaon, Haryana
Company Profile :- SRGP challenged itself to make Real Estate, it’s main line of business, because their focus shifted from revenues to profitability. SRGP firmly believed that they are getting younger - Younger in thoughts, their vision, business and in their outlook and identity.
Carrying on the legacy of providing "Better product at affordable price", SRGP Corporation Ltd, in 2001 planned to create benchmark in Real Estate, Lifestyle Products, Recreational & Amusement Parks, Hotels and Lifestyle Centers. Their first such endeavor was "India's First Wholesale Mall - Ganges Nagar” in 2006. "Ganges Nagar Plots- Tatmill Chaurah" in Kanpur, and their ongoing project in Tapukara in Bhiwadi, under 'Chief Minister Jan Awas Yojana 2015' under the aegis of 'Prime Ministers Housing For All 2020' scheme is specially designed for lower and middle income group and will be a integrated, modern, eco-friendly and sustainable township. This project will be replicated across India in the times to come. It will be a development that is bound to challenge size, aesthetics, design and also marketing strategy of SRGP.


Rs 2500 JioPhone @ just Rs 1500! How RIL is planning to recover losses




Reliance Industries' telecom upstart Jio is footing at least 40 percent of the cost of its basic 4G phone, two sources familiar with the matter said, as it bets on recovering the investment by luring in millions of new customers.

The JioPhone, rolling out this week for a refundable deposit of 1,500 rupees ($23.05), will cost at least 2,500 rupees ($39) to assemble, the sources told Reuters.

That means Jio will likely carry more than $150 million in costs for every 10 million JioPhones it sells.

And the company aims to build a subscriber base of between 250 million and 300 million users in the next two years, said one of the sources.

Reliance Industries did not respond to a request for comment.
Some Reliance investors may flinch at the cost of subsidies, but the scale of the outlay is a clear signal of the level of Jio's ambition, as it targets an audience of some 500 million who still cannot afford smartphones in India.

Jio's advanced voice over LTE (VoLTE) network only works with 4G enabled devices, inaccessible to many even at subsidised rates. The significantly cheaper JioPhone, however, will open the Internet to a less affluent segment of Indians for the very first time.

"The 3,000-rupee smartphone was not cutting it," the second source said. "Reliance is making a bold attempt with this phone and data will be the key driver for them."

Analysts estimate a majority of Indian feature phone users have an average revenue per user (ARPU) of rupees 50 or lower. JioPhone's 153 rupees monthly plan for so-called pre-paid users aims to drive up this ARPU, the first source said.

Jio, backed by India's richest man Mukesh Ambani, has amassed more than 128 million subscribers since its launch last year, by offering free voice and cut-price data for months.
Over half a dozen wireless carriers compete for market share in major Indian cities, but Reliance, the first source said, sees the telecom market being winnowed down into a three-player market with just Jio and current leader Bharti Airtel and the Vodafone-Idea combine likely left standing.

The JioPhone is currently being manufactured in China, based on a unit reviewed by Reuters, but Reliance is likely to tap the likes of Foxconn and Flextronics, which have facilities in India - to assemble it in the country, a Reliance executive told Reuters previously.


The phone's chipset, being supplied by Qualcomm and China's Spreadtrum, is likely to be its most expensive component while batteries are likely to cost $3-$4, the first source said.

Monday 25 September 2017

Rs 6,000-cr loan is diverted by to shell firms in 7 nations

 

CBI, ED preparing chargesheet to strengthen extradition case; Mallya alleged to have systematically duped banks by repaying some loan and borrowing more after gaining their confidence.

Strengthening the case for fugitive businessman Vijay Mallya's extradition from the United Kingdom, the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) are reported to be preparing a charge sheet alleging the former liquor baron laundered a major chunk of the Rs 6,027-cr loan taken for the defunct Kingfisher Airlines.

Mallya, the 61-year-old chief of the erstwhile Kingfisher Airlines who owes over Rs 9,000 crore to IDBI Bank and various other Indian banks, had fled India to escape legal proceedings in connection with default on the loan repayment.

The money, borrowed from a consortium of banks led by State Bank of India, was allegedly diverted through shell firms in seven countries, including the United States (US), the UK, France and Ireland, The Times of India reported on Monday.

“Now, we have established links with shell companies and bank accounts in at least seven countries,” the English daily quoted an official as saying. The letters have been been sent to the US, UK, France and Ireland and the officials would get more details soon.

The official said Mallya systematically duped banks by repaying some amount of the loan and borrowing more funds after gaining their confidence.

The current evidence is scheduled to be submitted before a London court, where the extradition trial to bring Mallya to face court proceedings in India is scheduled for two weeks starting December 4.

The ED has identified properties worth Rs 11,000 crore belonging to Mallya, even as the latter has denied all allegations. Mallya's properties worth Rs 9,000 cr have already been attached under the Prevention of Money Laundering Act.

Mallya, in a self-imposed exile since March 2016, was arrested by Scotland Yard on an extradition warrant on April 18, and is currently out on bail. 

India and the UK have an Extradition Treaty, signed in 1992 and in force since November 1993.




On heavy dollar buying Rupee weakens to 6-month low of 65.10



After heavy buying of the US currency and concerns on the macroeconomic front the rupee on Monday suffered a yet another blow to plunge by a whopping 31 paise at a fresh six-month low of 65.10 a dollar.

This was the weakest closing for the home currency since March 24, when it had ended at 65.41 against the greenback.

Besides panic dollar buying by corporates and importers, fears over fund outflows from domestic capital market led to weakened forex market sentiment against the backdrop of imminent Fed rate hike and unwinding of its stimulus measures amid unsupportive global factors.

The US Federal Reserve reaffirmed its intention to hike rates in December and normalising its crisis-era stimulus programme into reverse from next month last week and since then the dollar has been under pressure.

Hardening speculation of widening fiscal deficit after the government indicated a stimulus package meant to jump-start the nation's ailing economy put trading mood into further disarray.

The GDP expansion hit a three-year low of 5.7 per cent in the April-June quarter with India losing the fastest-growing economy tag to China for the second straight quarter.

Besides falling GDP growth rate, exports are facing strong headwinds and the industrial expansion hit the lowest in five years.

There is an increased speculation over a possible fiscal stimulus which can go above Rs 40,000 crore after six successive quarters of a dip in the economic growth.

Foreign investors and funds remained in exit mode as they have pulled out nearly Rs 5,500 crore from local equities so far this month due to geopolitical concerns and a tendency to take profit.

The domestic currency got hammered last week, depreciating by a steep 71 paise against the US dollar - the biggest since November 2016.

In the meantime, country's foreign exchange (forex) reserves surged by $1,782.5 million as on September 15, according to the latest RBI data. Total reserves were $402.5 billion, against $400.726 billion in the previous week.

Domestic bourses endured panic sell-offs for the second straight session as risk aversion dominated trading sentiment with North Korea and the US engaging in war of words.

Panic unwinding sent the flagship Sensex tumbling by a whopping 296 points to end at 31,626.63, while Nifty crumbled over 91 points to 9,872.60.

In line with the dominant bearish trend, the rupee opened on a weak note at 64.84 from weekend close of 64.79 at the Interbank Foreign Exchange (Forex) market on sustained dollar demand.

But, more quickly than expected, it bounced backed with renewed strength to touch a high of 64.72 on easing dollar pressure.

However, wiping out all mid-afternoon gains, the local currency retreated sharply to breach the key significant 65-mark to hit a fresh intra-day low of 65.19 before ending at 65.10, showing a steep loss of 31 paise, or 0.48 per cent.

It had clawed back some of its lost ground from its near 6-month low and ended a marginal 2 paise higher at 64.79.

The RBI, meanwhile, fixed the reference rate for the dollar at 64.8357 and for the euro at 77.3036.

On the global front, the dollar extended gains against other major currencies, following upbeat remarks by New York Federal Reserve President William Dudley that the Fed is on track to gradually raise interest rates given factors depressing inflation are "fading" and the US economy's fundamentals are sound.

The dollar index, which measures the greenback's value against a basket of six major currencies, was marginally weak at 92.33.

In cross-currency trade, the rupee staged a smart rebound against the pound sterling to finish at 87.77 from 87.91 per pound and also recovered against the euro to end at 77.30 from 77.65 last Friday.

The local unit, however, remained subdued against the Japanese yen and settled at 58.05 per 100 yens from 57.85 earlier.

In forwarding market today, the premium for dollar turned soft owing to mild receivings from exporters.

The benchmark six-month premium payable in February softened to 112-114 paise from 113.25-115.25 and the far forward August 2018 contract also ended marginally weak at 250-252 paise from 251.50-253.50 paise.

On the International energy front, crude prices rose on Monday to their highest in nearly nine months after major producers said at a meeting in Vienna the global market was well on its way towards rebalancing.

The November Brent contract was up 75 cents, or 1.3 per cent, at $57.61 a barrel in early Asian trade. Brent earlier hit its highest level since January 3 and was trading within a dollar of its 2017 high of $58.37.

US crude for November delivery was down 36 cents at $51.02, hitting a fresh four-month high.


Sunday 24 September 2017



Dear Readers, there is Vacancy for the post of Company Secretary at Pricewater House Coopers Service Delivery Center Bangalore Private Limited . Please go through below for further details and requirements.  

Job Description

  • Experience Range: 3- 4 years
  • Education Qualification: B.Com/LLB with CS (Full Time)
  • Corporate law obligations
  • Drafting of agenda for Board Meetings, notice and explanatory statements of General meetings, circular resolutions
  • Drafting of minutes of Board and Committee meetings
  • Compliance of all company related laws such as Companies Act, 2013 and all other allied laws that may be applicable to the Company
  • Conducting of Board, Committee and general meetings
  • Preparation and maintenance of statutory registers
  • Any other compliance activities based on the regulatory requirements
  • Must be conversant with e-filing and in handling the website of the Ministry of Corporate Affairs
  • Must keep abreast with the latest regulatory changes/ requirements and adhere to such requirements.
  • Interaction with Internal and Statutory Auditors
  • Interaction with regulators on a day to day basis and handling of queries of regulators in a timely manner
  • RBI and Labour laws related compliances


Salary: Not Disclosed by Recruiter

Industry: Accounting / Finance


Role: Company Secretary

Employment Type: Permanent Job, Full Time

Education-
UG:B.Com - Commerce, LLB - Law
PG:CS
Doctorate:Doctorate Not Required

Company Profile:
Pricewater House Coopers Service Delivery Center Bangalore Private Limited
PWC Service Delivery Center (Bangalore) Pvt Ltd.




Souce: Naukri.com


Cabinet approves National Policy on Biofuels - 2018

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved National Policy on Biofuels – 2018. Salient Fe...