April 22, 2020 Summary of the circular issued by MCA on 21/04/2020 MCA extends deadline to Companies whose Financial Year (FY) ended on 31/12/2019 for holding Annual General Meetings (AGMs) by 3 months to September 2020 In line with the various relaxations provided by MCA due to CoVID-19 pandemic, it has now extended the [...]
April 21, 2020 Summary of the circular issued by NSE on 20/04/2020 1. NSE enables Debt Listed Entities to submit periodical compliance filings in XBRL mode In line with its efforts to eliminate redundancy and to facilitate ease in compliance filings for debt listed companies across multiple Stock Exchanges, NSE offers XBRL based reporting [...]
April 20, 2020 Summary of the circulars and notifications issued by NSE, SEBI and IBBI on 17/04/2020 1. Additional relaxations in compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR’) due to the COVID-19 pandemic Below is the summary of relaxations granted by SEBI under the [...]
April 09, 2020 Summary of the General Circular issued by MCA on 08/04/2020 1. MCA issues clarification on passing of ordinary and special resolutions by Companies under the Companies Act, 2013 and its Rules, due to CoVID-19 pandemic. In line with the various relaxations provided by the MCA to combat Corona Virus and ensure social distancing, MCA has issued [...]
March 31, 2020 Key highlights of Circulars issued by MCA on March 30, 2020 1. Companies Fresh Start Scheme, 2020 The Ministry of Corporate Affairs, has introduced the “Companies Fresh Start Scheme, 2020” which is a first of its kind opportunity to companies to make good any filing related defaults, including [...]
March 30, 2020 Summary of the memorandum, circular and notifications issued by MCA, SEBI and IBBI during 27/03/2020 – 29/03/2020 1. Designated fund to deposit CSR Contribution towards CoVID-19 Pandemic Further to the recent notification, which enabled any contribution to the fund set up by the Central Government in mitigating CoVID-19 [...]
March 27, 2020 Summary of the circular issued by SEBI on 26/03/2020 1. Additional relaxation measures issued by SEBI to Listed entities due to CoVID-19 pandemic To reduce the burden of Indian Corporates due to nation-wide lockdown, SEBI has granted further relaxations from compliance with respect to certain provisions of the SEBI [...]
March 26, 2020 Summary of the Order, Circular, Notification issued by MCA and IBBI on 24/03/2020 and 25/03/2020 1. Summary of the Relief Measures introduced by MCA under Companies Act, 2013 and Limited Liability Partnership Act, 2008 in view of COVID-19 outbreak Sr. No. Provision under Companies Act, 2013, LLP Act, 2008, [...]
March 24, 2020 Key highlights of Circulars issued by MCA and SEBI 1. Expenses made towards Novel Coronavirus (COVID – 19) to qualify as CSR Expense Keeping in view the decision by Government of India to treat COVID – 19 as a notified disaster, and to mobilise funds for effective recovery [...]
March 23, 2020 Key Compliance under Companies Act, 2013 and IB Code, 2016 Amendment! 1. Deployment of form on “Company Affirmation of Readiness towards COVID-19” Having made an appeal to the corporate sector for implementing a strategic policy on social distancing, which is most critical for reducing community transmission of the Novel [...]