March 16, 2021 Summary of the notification issued by IBBI on 15/03/2021 IBBI amends Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 Through this amendment - - a creditor shall now update its claim with the Interim Resolution Professional/ Resolution Professional (IRP/RP), as and when the claim is [...]
September 30, 2020 Summary of the circular issued by MCA on 29/09/2020 MCA extends the deadline for creation of Deposit Repayment Reserve and Investment of specified amount of maturing debentures under the Companies Act, 2013 and its Rules to 31/12/2020 Through this circular, MCA has further extended the deadline already notified vide its General [...]
September 21, 2020 Summary of the circular issued by NSE on 18/09/2020 SEBI extends time to share information towards Automation of Continual Disclosures under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 to 30/09/2020 SEBI has extended the deadline for submission of required information as prescribed vide its circular dated 09/09/2020 [...]
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is provided below: NSE Circular on classifying material developments in defaults and/or Inter Creditor Agreements as Unpublished Price Sensitive Information Through this circular, NSE directs Listed Entities to treat “material” developments with respect to defaults and/or Inter Creditor Agreements as Unpublished Price Sensitive [...]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 [...]
Summary of notifications in the Companies Act, 2013 issued on 28.08.2019 are listed below: Designation of Special Court for Pune, Ahmednagar, Kolhapur, Solapur, Satara, Sangli, Ratnagiri and Sindhudurg districts of the State of Maharashtra: The Central Government with the concurrence of the Chief Justice of the High Court, Bombay has designated ‘Court of District [...]