October 14, 2019 Summary of Notifications issued by MCA on 11/10/2019 are provided below: 1. MCA clarifies eligibility criteria with respect to CSR contribution made towards Incubators, Public- funded universities, IITs and National Laboratories and Autonomous Bodies. Through this amendment to Schedule VII of the Companies Act 2013, CSR contribution made to Public- funded [...]
Paper is the norm for the last few centuries if not millennia to capture personal, commercial and legal agreements. Before the advent of paper, agreements were embossed or engraved in clay tablets and authenticated by a seal as evidenced by archeological findings from the Mesopotamian Harappan and the Indus civilizations. In the last few decades [...]
October 1,2019 Summary of notification issued by MCA on 30th September,2019: 1. Companies (Appointment and Qualification of Directors) Fourth Amendment Rules, 2019 The due date for filling e-form DIR-3 KYC and DIR-3 KYC-WEB has been extended from 30th September, 2019 to 14th October,2019. (Read more...)
September 27, 2019 Summary of circular issued by NSE on 26/09/2019 is provided below: NSE Circular on directing Listed Companies to file Consolidated Financial Results to the Stock Exchange from the quarter ending September 30, 2019 onwards Through this circular, NSE clarifies that the listed entities are required to file quarterly/year-to-date consolidated financial results [...]
September 26, 2019 Summary of circular issued by NSE on 24/09/2019 is provided below: NSE Circular on classifying material developments in defaults and/or Inter Creditor Agreements as Unpublished Price Sensitive Information Through this circular, NSE directs Listed Entities to treat “material” developments with respect to defaults and/or Inter Creditor Agreements as Unpublished Price Sensitive [...]
September 25, 2019 Summary of circular and notification issued by MCA on 24/09/2019 and 23/09/2019 respectively, are provided below: REGULATORY: MCA Circular to extend the last date for filing Form BEN-2 under Companies Act, 2013. MCA has extended the time limit for filing Form BEN -2 under Section 90 of Companies Act, 2013 from September [...]
September 23, 2019 Summary of Order issued by MCA on 18/09/2019 is provided below: MCA Order to constitute a Company Law Committee to make recommendations to the Government with respect to implementation of Companies Act, 2013 and Limited Liability Partnership Act, 2008 Through this Order, MCA has constituted the Company Law Committee, whose constitution [...]
September 20, 2019 Summary of Notification issued by SEBI on 17/09/2019 is provided below: SEBI notifies the procedure for Informant Reward under Securities and Exchange Board of India (Prohibition of Insider Trading) (Third Amendment) Regulations, 2019 Through this notification, SEBI has introduced “Chapter IIIA” to govern the provisions related to submission of original information [...]
Summary of Notification and Circular in the Companies Act, 2013 and the IBBI Code, 2016 issued on 05/09/2019 and 07/09/2019 respectively are listed below: The National Financial Reporting Authority (Amendment) Rules, 2019: Explanation to Rule 3(1) (c) has been inserted wherein the definition of Banking Company would now include ‘corresponding new bank’ under Banking [...]
The monsoon fury over the last few years that we have seen is the proof that we live in an uncertain and unpredictable world today. As any resident of Mumbai or Chennai would testify, there is no alternative to being prepared for the eventualities. What these residents would also tell us, is that with [...]
