March 08, 2021 Summary of the notifications and circular issued by MCA and IBBI on 05/03/2021 and 04/03/2021 respectively MCA notifies the commencement of the provision with respect to abridged Annual Return for One Person Company and Small Company under the Companies Act, 2013 MCA has notified the provision that empowers Central Government [...]
March 05, 2021 Summary of the notification issued by IBBI on 04/03/2021 IBBI notifies Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2021 Through this amendment, the requirement, as specified in Regulation 31(2), to announce the filing of list of stakeholders with the Adjudicating Authority through public announcement in newspapers in [...]
February 22, 2021 Summary of the notification issued by MCA on 19/02/2021 MCA exempts certain class of Companies from the definition of ‘Listed Company’ under the Companies Act, 2013 with effect from 01/04/2021 In a move to further improve the ease of doing business in India by reducing compliance burden, MCA has excluded [...]
February 15, 2021 Summary of the notification issued by MCA on 12/02/2021 ADMINISTRATIVE CHANGES - Revisions to the NCLT benches constituted by the Central Government under the Companies Act, 2013 Further to the recent amendments to the constitution of Indian Union Territories, the Central Government has notified the following changes to its notification on [...]
February 12, 2021 Summary of the notifications issued by MCA on 11/02/2021 MCA notifies change in timeline for acceptance of right issue offer w.e.f 1st April, 2021. Where right issue of shares is proposed, the offer shall be made to existing shareholders by notice specifying the number of shares offered and the time [...]
February 10, 2021 Summary of the circular issued by SEBI on 09/02/2021 SEBI notifies revised disclosure formats by specified persons under Regulation 7 of the PIT Regulations, 2015 Further to the amendments made to Regulation 7 of the PIT Regulations, 2015, requiring member of the promoter group and designated person (in place of [...]
February 5, 2021 Summary of the Circular issued by IBBI on 02/02/2021 Applicants can submit a copy of the application via online to the Board under Rule 9 of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019 Through this Circular, IBBI [...]
February 3, 2021 Summary of the notification issued by MCA on 01/02/2021 MCA eases norms for One Person Company (OPC) incorporated under the Companies Act, 2013 and its Rules with effect from 01/04/2021 Key highlights of the Companies (Incorporation) Second Amendment Rules, 2021 are: 1. Non-resident Indians can also incorporate OPC and the minimum [...]
Companies, especially listed companies, are required to adopt and display on their websites about a dozen policies covering different elements of corporate governance like Policy on Directors Induction and Training Program, Insider Trading, Related Party Transactions, Materiality, Whistle-blowers, and Ombudsman, among others. While these policies are mandated by SEBI regulations or [...]
February 02, 2021 Summary of the notifications issued by MCA on 01/02/2021 MCA amends criteria for a company to be classified as a Small Company under the Companies Act, 2013 with effect from 1st April, 2021 Through this amendment, any Company, other than a public Company, with paid up capital and turnover as per [...]
