June 2011 slideshow

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texasmochi

June 2011 happenings. (created to replace photobucket slideshow which cannot be imported into wordpress)

Technology Self Improvement

June 2011
on “Sunshine Acre”
(my first powerpoint photo slideshow)
Highlights
Fig & Garden Harvest
Michael & Kathryn Got Married

(once again)
the Squash got Squashed by Vine Borers 

some tried to run away
(but we caught them)

Texas Bluebells were blooming
(found these growing wild – such a treat)

Last but not least…
Michael & Kathryn Got Married!

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The Companies Act, 2013 has been in force for about a year now. The law while ushering in a new era for corporate regulation in India has introduced massive changes in the way companies govern themselves. CII has been instrumental in ensuring that industry voices were heeded during each stage of evolution of the Act. Our advocacy still continues with formal submissions on implementation of the legislation which has now thrown up newer issues and challenges. This is being done through various mediums including consolidated CII Representations; closed-door meetings with industry captains; one-to-one meetings with concerned Ministers and other key officials at the MCA. Based on these submissions and interactions, many concerns highlighted by CII post notification of the Act and Rules have been clarified / notified by MCA. The remaining issues cover provisions relating to onerous requirements for private companies and closely-held unlisted public companies; related party transactions; CSR; amounts treated as deposits; certification of internal financial controls instead of internal control over financial reporting; consolidation of accounts; alignment with SEBI regulations, etc amongst others. These provisions require reconsideration either due to their extended reach or complexity in drafting the regulation or practical difficultly in compliance.

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