Monthly Archives: December 2012

CSR Provisions under Clause 135 in Companies Bill passed by Lok Sabha

In a positive development for the Sector, Lok Sabha has passed Companies Bill 2011. The Bill includes provision for a mandatory 2% CSR contribution by the companies. Clause 135 requires that every company which fulfills any of the following criteria … Continue reading

Posted in FCRA, TAX, LEGAL | 6 Comments

Interest on loans – is it commercial activity?

Dear Friends, Greetings from CWS! I have the following query: 1. We are providing drip irrigation kits to farmers wherein there is a subsidy component of 50% from the Agriculture Department, Govt of AP, contribution from farmers and CWS contribution … Continue reading

Posted in FCRA, TAX, LEGAL | 3 Comments

Learnings for Lokpal / Lokayukta Institution

As talks of Lokpal Bill during the current Parliament Session resurface, it is time to look at a study undertaken by researchers at Azimji Premji University’s Law & Governance Initiative, on working of the Karnataka Lokayukta, for important learning about … Continue reading

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More than 20% increment in High Networth Individuals in India

As per an Asia-Pacific Report released by Merril Lynch, despite the economic slowdown there has been steady increase in High Net Worth Individuals in Asia-Pacific markets.  In India the numbers have risen almost by 21%. A High Net Worth has … Continue reading

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