Beruflich Dokumente
Kultur Dokumente
by :
DR. T.K. JAIN
AFTERSCHO☺OL
centre for social entrepreneurship
sivakamu veterinary hospital road
bikaner 334001 rajasthan, india
FOR PGPSE participants
AFTERSCHOOOL@IN.COM
mobile : 91+9414430763
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TYPES OF MEETINGS
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Case : Asia Udyog
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CASE : MEENASKHI MILLS
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CASE : WEST COAST
PLANNERS
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EGM (169 TO 186)
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Time period of EGM
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CLASS MEETINGS
BY PARTICULAR CLASS OF
SHAREHOLDERS – FOR EXAMPLE BY
PREFERENCE SHAREHOLDERS ETC.
ON ANY MATTER AFFECTING THAT
CLASS OF SHAREHOLDERS – LIKE NON
PAYMENT OF DIVIDEND
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REQUISITIONS OF A VALID
MEETING
PROPER NOTICE
QUORUM TO BE PRESENT
PROPERLY HELD
AGENDA PROPERLY CIRCULATED
MINUTES PREPARED & PRESENTED IN
NEXT MEETING
PROPER CHAIRMAN
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NOTICE OF MEETING
SENIORMOST DIRECTOR
OR
IF NO DIRECTOR IS PRESENT IN 15
MINUTES – MEMBERS TO CHOOSE
AMONG THEMSELVES
CHAIRMAN WILL HAVE CASTING VOTE
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PROXY
Right of every shareholder to proxy (send
someone else in his place) – proxy form is is
sent with notice – must be submitted in
company before 48 hours before meeting.
Proxy cannot speak in meeting, cannot vote in
show of hand– he can only vote in poll
no person / company convass for proxy
any member can inspect proxy list
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Voting (177 to 185)
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Adjournment of meeting
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Resolution
Ordinary : 51%
speical : 75%
motion is a proposal – it is also seconded by
someone – when it is passed – it is resolution
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Resoluions requiring special
notice (sec. 190)
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MINUTES (193 to 197)
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Restricted sectors for FDI
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FDI In SSI
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ARCs
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Infrastructure companies
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Reporting of FDI ?
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Immovable property out of India
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FCCB
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Bonus and rights issue to NRIs
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Who is resident?
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Difference between foreign
currency and foreign exchange
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HOW MUCH FOREIGN
CURRENCY CAN YOU TAKE?
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What is non cooperative countries
/ territories?
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For students ...
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Visit to Iraq & Libya
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How to get foreign exchange?
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ICC
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Foreign Traveller
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Current account / capital account
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Restrictions on Indian residents
Generally Indian residents are not permitted to
give loan in Rupees to a foreign nationals
subject to some exceptions. Indian residents
can take loan in Rupees on non-repatriation
basis from non-residents subject to some
conditions like amount has to come from
NRE / NRNR/NRO account and period of loan
should not be more than 3 year. Rate of interest
should not be more than 2% than bank rate.
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Indian companies issueing
debentures...
If Indian companies issues debentures to non-
residents, they have to inform RBI about it. If
they issue non-convertible debentures, they
will have to give all the details to RBI in 30
days. Rate of interest should not be more than
PLR of SBI + 300 basis points. Minimum
duration of such debenture must be 3 years.
The company cannot deal in agri / plantation /
nidhi / chit fund activities.
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Immovable property out of India
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IMPORTANT INFORMATION
DOCUMENTS
EXIM POLICY
HANDBOOK OF IMPORT AND EXPORT
PROCEDURE
FEMA
EXCHANGE CONTROL MANUALS
FEDAI DOCUMENTS
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IMPORTANT DOCUMENTS AT
THE TIME OF IMPORT
IMPORT LICENSE
FOREIGN EXCHANGE CONTROL COPY
BILL OF ENTRY FOR HOME
CONSUMPTION
CUSTOMS ASSESSMENT CERTIFICATE
OR POSTAL ASSESSMENT FORM
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OPENING L/C
Importer will approach his bank for opening an
L/C
L/C = Letter of credit
the bank of the importer will give a guarantee
about payment to the bank of the exporter
under L/C. When the exporter exports, he can
obtain immediate payment from his bank on
producing L/C of the importer's bank. The
banks will have transaction between
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themselves.
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Difference between packing credit
and L/C
Packing credit is issued to exporter, but L/C is
issued to importer. Packing credit covers all the
expenditure till export, L/C covers the price of
import = and as per this the exporter gets
payment as soon as he exports. The bank of the
importer provides this facility to the importer
against some charges.
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Foreign exchange requirements
Importer requires foreign exchange for
imports. The banker / authorised dealer
provides foreign exchange after looking at the
necessary documents like import licence etc.
The foreign exchange must be used for the
purpose for which it has been obtained. The
banker / authorised dealer has to ensure that
only that amount is released which is actually
required.
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Mode of payment
Authorised dealers will ensure that payment
regarding impor is made in account. Cash
payments are not permitted.
In case advance payment is made, physical
goods must come in 3 months. If the amount is
more than $25000 then there must be a
guarantee from some international bank.
Proper EC copy must be submitted by the
importer
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Time limit for settlement
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Export remittances
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Exports that dont require
declarations....
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What is consignment export ?
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Exports requiring RBI approval
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Remittances relating to exports...
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SEZ
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Authorised dealers
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Forfaiting
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New trends....
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Other provisions
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FDI
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Transfer from NR
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Limits for FII investment
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NRI dealings
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PERMITTED FIIs
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ECB
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ECB MECHANISMS
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ADR /GDR
American depository receipt / Global
depository receipt are permitted by RBI as per
scheme of 1993, companies can also sponsor
issue of ADR / GDR. Infosys, Wipro etc. Are
some of the companies which went for ADR /
GDR during 1990s. After ADR/ GDR
company will have to submit return in
proforma as per annexure C of RBI
notification 2000.
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Royalty / technical fees
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EEFC account