Corporate Updates – 22-09-2015


The Council of the Institute of Company Secretaries of India has approved the Guidelines for Use of Individual Logo by Company Secretaries in Practice. These Guidelines deal with the manner in which a Company Secretary in Practice can design and use their individual logo on letter head, visiting cards, uniform for the employees of their firm, websites, advertisement materials, name boards, other stationery, invoices, packing material, stickers, sponsorship material, etc. Further, any non compliance or violation of these Guidelines as may be in force from time to time in any manner whatsoever shall be deemed to be an act of professional misconduct and the concerned member shall be liable to disciplinary proceedings under the Act.


The Central Government has notified the MINES AND MINERALS (CONTRIBUTION TO DISTRICT MINERAL FOUNDATION) RULES, 2015, whichbe deemed to have come into force on the 12th day of January, 2015. These rules specifies the amount to be paid by holder of a mining lease or a prospecting licence-cum-mining lease, in addition to the royalty, to the District Mineral Foundation of the district established by the concerned State Government by notification, in which the mining operations are carried on. An amount at the rate of ten per cent of the royalty paid in terms of the Second Schedule to the Mines and Minerals (Development and Regulation) Act, 1957 in respect of mining leases or, as the case may be, prospecting licence-cum-mining lease granted on or after 12th January, 2015 and thirty per cent of the royalty paid in terms of the Second Schedule to the said Act in respect of mining leases granted before 12th January, 2015.

Speak Your Mind