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 29, 2020 Summary of the notifications and circulars issued by MCA on 28/09/2020 MCA extends deadlines for various provisions under Companies Act, 2013 and its rules to 31/12/2020 MCA vide its notification and circulars dated 28/09/2020 has extended deadline to 31/12/2020 (as against the earlier deadline of 30/09/2020) with respect to [...]
September 25, 2020 Summary of the notifications issued by MCA on 24/09/2020 1. Extension of Suspended time period for initiation of Corporate Insolvency Resolution application for defaults arising on or after 25/03/2020 to 25/12/2020 The Central Government has notified that fresh application for initiation of Corporate Insolvency Resolution process under Section 10A of IBC, [...]
September 24, 2020 Summary of the circular and notification issued by SEBI and IBBI respectively on 23/09/2020 1. Listed Companies to share information under System Driven Disclosure (SSD) mechanism under SEBI (SAST) Regulations, 2011 SEBI’s circular on 09/09/2020 directed Listed Companies to share required information as part of SSD under PIT regulations. In [...]
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 11, 2020 Summary of the Circular and Press Release issued by MCA on 10/09/2020 and 08/09/2020 respectively 1. MCA extends deadline for submission of Cost Audit Report by the auditor to the Company for the FY 2019-20 to 30/11/2020 The timeline for submission of cost audit report by the Cost [...]
September 10, 2020 Summary of the Circular issued by SEBI on 09/09/2020 Automation of Continual Disclosures under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 with effect from October 01, 2020 SEBI has notified the process to be carried out by the Listed Companies, Depositories and Stock Exchanges to facilitate [...]
September 08, 2020 Summary of the notification and circular issued by MCA and SEBI respectively on 07/09/2020 1. MCA amends definition of Deposits with respect to Convertible Notes issued by Start-ups To bring the definition of Deposit in line with the revised definition of Start-up issued vide G.S.R. 127 (E), dated the [...]
September 03, 2020 Summary of the Guidelines issued by IBBI on 01/09/2020 IBBI issues guidelines on use of Caveats, Limitations and Disclaimers by the Registered Valuers (RVs) in Valuation Reports with effect from 01/10/2020 Pursuant to Rule 8 of The Companies (Registered Valuers and Valuation) Rules, 2017, RVs shall state “caveats, limitations [...]
August 31, 2020 Summary of the notifications issued by MCA on 28/08/2020 MCA dispenses with the requirement to annex extract of Annual Return in Form MGT-9 in Board’s Report if web link for Annual Return is disclosed in the report. Through this notification, MCA has clarified the debate around Section 92, which [...]