Clarification under sub-section (7) of section 186 of the Companies Act,2013
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This circular clarifies that companies providing loans or making investments in tax-free bonds with yields higher than comparable government security yields of similar tenors would not violate section 186(7) of the Companies Act of 2013. It references a prior circular from 2013 that made a similar clarification under the corresponding section of the previous Companies Act of 1956. The circular was issued with the approval of the competent authority at the Ministry of Corporate Affairs in India.
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Marissa Mayer is an American technology executive who currently serves as the president of Yahoo. She has a background in computer science and artificial intelligence, graduating from Stanford with advanced degrees in these fields. Prior to joining Yahoo in 2012, Mayer worked at Google for 13 years where she held several leadership roles and helped grow Google Search. As president and CEO of Yahoo, Mayer has overseen major personnel changes and the potential sale of Yahoo's business.
Newsletter dated 27th April 2017
Marissa Mayer is an American technology executive who currently serves as the president of Yahoo. She has a background in computer science and artificial intelligence, graduating from Stanford with advanced degrees in these fields. Prior to joining Yahoo in 2012, Mayer worked at Google for 13 years where she held several leadership roles, helping to grow Google Search. As president and CEO of Yahoo, Mayer has overseen major personnel changes and the potential sale of Yahoo's business.
Newsletter dated 24th April 2017
Peter Sands is a British banker who served as the CEO of Standard Chartered from 2006 to 2015. He has an educational background that includes degrees from Oxford University and Harvard University. During his tenure as CEO, Standard Chartered's headcount nearly doubled and over 90% of its profits came from fast-growing emerging markets in Asia. The bank weathered the economic downturn far better than its competitors and announced its seventh successive year of record profits in 2009. Sands stepped down as CEO in 2015 after nine years in the role, one of the longest-serving chiefs of a major Western bank. He now holds positions at Harvard and advises the UK Department of Health.
Newsletter dated 22nd April 2017
Ross Maxwell McEwan is the CEO of The Royal Bank of Scotland Group (RBS). He has over 30 years of experience in banking and insurance. Prior to joining RBS, he was the CEO of Commonwealth Bank of Australia's retail banking services. In his role at RBS since 2013, McEwan is focused on moving the bank away from investment banking and reducing international exposure in order to focus more on UK retail banking. He was educated in New Zealand and has held top executive positions with several insurance and banking companies throughout his career.
Newsletter dated 21st april 2017
Arundhati Bhattacharya is the first woman to serve as Chairperson of State Bank of India. She has over 36 years of experience with SBI, holding several leadership positions in areas such as foreign exchange, treasury, retail operations, and investment banking. Some of her accomplishments include launching new businesses for SBI and introducing innovative policies supporting work-life balance and women's health. Bhattacharya is recognized internationally as a powerful leader, being named the 25th most powerful woman in the world by Forbes in 2016.
Newsletter dated 20th April 2017
Carlo De Benedetti is an Italian industrialist and engineer who has held leadership roles at several major Italian companies. He was briefly CEO of FIAT in 1976 but resigned due to disagreements over layoffs. He went on to acquire the CIR Group and Olivetti, where he served as CEO from 1978 to 1996, transforming Olivetti's focus from typewriters to computers. De Benedetti also founded the Italian telecommunications companies Omnitel and Infostrada. He remains influential as the chairman of the Espresso Editorial Group, which owns the newspapers La Repubblica and L'Espresso.
Newsletter dated 15th April 2017
Denise Morrison is the President and CEO of Campbell Soup Company. She has over 30 years of experience in consumer packaged goods and previously held executive roles at Kraft Foods, PepsiCo, Nestle, and Nabisco. Morrison earned a bachelor's degree from Boston College and began her career at Procter & Gamble before moving into various sales and marketing positions at other major food companies. As the first female CEO of Campbell Soup Company, she leads their global operations and portfolio of brands.
Newsletter dated 12th april 2017
Bill McDermott is the current CEO of SAP SE, having previously served as co-CEO from 2010 to 2014. He has over 30 years of business experience, including leadership roles at Xerox, Gartner, and Siebel Systems. McDermott began his career by purchasing a local deli at age 17 and used the profits to fund his education, eventually earning an MBA from Northwestern University's Kellogg School of Management.
Newsletter dated 10th april 2017
Lisa Su is an American business executive and electrical engineer who currently serves as CEO and president of Advanced Micro Devices (AMD). She has over 25 years of experience in the semiconductor industry, previously holding engineering and management roles at Texas Instruments, IBM, and Freescale Semiconductor. Su was appointed president and CEO of AMD in 2014. Under her leadership, AMD has focused on making strategic technology investments, streamlining products, and diversifying. She is recognized for her technical expertise in developing more efficient semiconductor chips and manufacturing processes.
Newsletter dated 07th april 2017
Vikram Pandit is an Indian-American former banker who served as CEO of Citigroup from 2007 to 2012. He earned degrees from Columbia University in electrical engineering and later a PhD in finance from Columbia Business School. Pandit had a long career at Morgan Stanley, rising to president and COO, before co-founding a hedge fund and then being named CEO of Citigroup in 2007. As Citigroup CEO, Pandit worked for $1 per year salary until the company returned to profitability and helped lead its recovery in the aftermath of the financial crisis, though he resigned unexpectedly in 2012.
Newsletter dated 03rd April 2017
Kazuo Hirai is the President and CEO of Sony Corporation. He has over 30 years of experience in the music and video game industries at Sony. Hirai began his career at Sony Music Entertainment Japan in 1984 and held various marketing and management roles there. In 1995, he joined Sony Computer Entertainment America to oversee their video game business. He later became President of Sony Computer Entertainment, overseeing its global operations. In 2012, Hirai was appointed President and CEO of Sony Corporation, taking over from Howard Stringer.
Newsletter dated 30th march 2017
The document provides a daily update on various legal, regulatory, and market news. It includes the following:
- A quote about changing one's inner mind to change outer life circumstances.
- Several legal updates from recent court rulings related to tax, antitrust, and liquidation cases.
- Regulatory announcements from SEBI and CBEC regarding listed companies and import duties.
- Closing stock market indices and commodity prices.
Newsletter dated 28th March 2017
Susan Wojcicki is the CEO of YouTube. She grew up in California and studied history and literature at Harvard University and later earned two master's degrees. She worked at Intel and as a management consultant before joining Google in 1999 as its first marketing manager. At Google, she helped develop products like Google Images, Google Books, AdWords, AdSense, and Google Analytics. She proposed that Google acquire YouTube in 2006. In 2014, she became the CEO of YouTube. She has been recognized as one of the most influential people in technology and advertising.
Newsletter dated 27th March 2017
The document discusses Carlos Slim, a Mexican business magnate and the former richest person in the world. It outlines that Slim built a vast business conglomerate comprising industries like telecommunications, education, and media. It also notes that he derives his fortune from extensive holdings in Mexican companies through his conglomerate Grupo Carso. The summary provides details on Slim's early investments and education in business and engineering.
Newsletter dated 25th March 2017
Eli Hurvitz was an Israeli industrialist and former CEO and Chairman of Teva Pharmaceutical Industries. He started his career washing dishes at a small pharmaceutical company and worked his way up to executive roles. He led mergers that formed Teva Pharmaceutical Industries, where he served as CEO until 2002 and then Chairman until his death in 2011. Hurvitz received many honors including the Israel Prize for lifetime achievement and special contribution to society and state. He played a leading role in developing Israel's economy and high-tech industry.
Newsletter dated 21st March 2017
Sulajja Firodia Motwani is an Indian entrepreneur and philanthropist who is the Vice Chairperson of Kinetic Engineering Limited and Founder & CEO of Kinetic Green Energy & Power Solutions Limited. Under her leadership, Kinetic Group has expanded from a moped manufacturer into a manufacturer of a complete range of two-wheelers. She has also founded Kinetic Green Energy to focus on green mobility and electric vehicles. Sulajja has received several awards for her successful leadership and performance as a woman CEO, including being selected as a World Economic Forum Global Leader of Tomorrow.
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significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
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Chapter wise All Notes of First year Basic Civil Engineering.pptx
Chapter wise All Notes of First year Basic Civil Engineering
Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
Levelling: Instrument used Object of levelling, Methods of levelling in brief, and Contour maps.
Chapter 4
Buildings: Selection of site for Buildings, Layout of Building Plan, Types of buildings, Plinth area, carpet area, floor space index, Introduction to building byelaws, concept of sun light & ventilation. Components of Buildings & their functions, Basic concept of R.C.C., Introduction to types of foundation
Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
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Clarification under sub-section (7) of section 186 of the Companies Act,2013
- 1. General clrcular !fo. O6l2nl5 File No. 5/3/ 13-CL.V Government of lndia Ministry ol Corporate Affairs 5'h floor, 'A' wing, Shastri Bhavan Dr. R P Road, New Delhi. Dsted 96 APrll' 2015 All Regional Directors, All Registrar of Companies, All Stakeholders. sublect : cl,rrtflcatlor under sub-secttoa (71 of rectlo! 186 of the CoBl|anles Act, 2013 Sir, Attention of this Ministry has been drawn to General Circular No 06/2013 dated 14.03.2013 vide which it was clarified that in cases where the effective yield (effective rate of return) on tax free bonds is greater than the yiild on prevailing bank rate, there was no violation of Section 372A(31 of bompaniis Act, 1956. Stakeholders have requested for similar cLarification w.r.t. corresponding section 186(7) of the Companies Act' 2013' 2. The matter has been examined in the Ministry and it is hereby clarified that in cases where the effective yield (effective rate of return) on tax ftee bonds is greater than the prevailing yield of one year, three year, five yea-r or ten y"* -Gou..rrment Security closest to the tenor of the loan, there is no violation of sub-section (7) of section 186 ol the Companies Act, 2013' 3. This issues with the approval ofcompetent authority' Yours faithfully, ,fr,:kf P}jLo'le 23387263 Copy to : 1. All concerned 2. PS to CAM 3. PS to Secretary 4. PS to A.S. 5. PS to Joint Secretaries 6. E-Governance Cell for uploading this Circular in MCA 21'