Corporate

Chris Saeger, director of strategic initiatives at Accountable.US, said: “This is exactly the time to make sure support is flowing to the federal, state and local governments that need a hand with responding to the coronavirus crisis and with the environmental problems that these special interests have caused.” … [Read more...] about US lets corporations delay paying environmental fines amid pandemic

According to the merger plan, Kido Group will issue an additional nearly 23.1 million shares to swap more than 17.76 million shares of Kido Foods, equivalent to 32.79 per cent of its total outstanding shares. The swap ratio is estimated at 1:1.3, which means one Kido Foods share can be exchanged for 1.3 shares of Kido Group. After the merger, Kido Foods will become a one-member limited liability company wholly owned by Kido Group. … [Read more...] about Kido Foods seeks shareholder approval for merger with Kido Group

In the matter of reforming things, as distinct from deforming them, there is one plain and simple principle; a principle which will probably be called a paradox. There exists in such a case a certain institution or law; let us say, for the sake of simplicity, a fence or gate erected across a road. The more modern type of reformer goes gaily up to it and says, "I don't see the use of this; let us clear it away." To which the more intelligent type of reformer will do well to answer: "If you don't see the use of it, I certainly won't let you clear it away. Go away and think. Then, when you can come back and tell me that you do see the use of it, I may allow you to destroy it." This paradox rests on the most elementary common sense. The gate or fence did not grow there. It was not set up by somnambulists who built it in their sleep. It is highly improbable that it was put there by escaped lunatics who were for some reason loose in the street. Some person had some reason for thinking it … [Read more...] about Thinking About Taxes

Through the app, users will be able to make online bookings and get virtual tokens with which liquor could be purchased from the prescribed outlets or bars at a specified time. The app will prompt you to enter your PIN code, your name and phone number. … [Read more...] about Kerala Cabinet gives nod to resume liquor sale Thursday, Bev Q to hit Play Store any time now

The ministry of corporate affairs (MCA) notified the inclusion of contributions to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) in the section relating to company activities that count as corporate social responsibility (CSR) in the Companies Act. According to the notification issued on Tuesday, the change came into effect retrospectively from March 28, the day Prime Minister Narendra Modi established the fund to provide relief to those affected by any kind of emergency or distress situation. With this notification, Schedule 7 of the Companies Act specifically mentioned that contributions to the PM CARES Fund would count towards a company's CSR obligations. The earlier ministry clarification had included it under the provision that donations to any fund set up by the central government for socio-economic development and relief qualified as CSR expenditure, under the Schedule. Since then, the fund has received around Rs 9,677 … [Read more...] about Donations by firms under PM-CARES to qualify as CSR activity