Posts In: CORP

Creation of segregated portfolio now becomes optional and at the discretion of the Asset Management Companies, says SEBI

November 13, 2019 CORP, Industries, states 0

Securities and Exchange Board of India (“SEBI”) through a circular dated 7th November, 2019 brings in changes to its circular dated 28th December, 2019 regarding creation of...

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MCA cautions directors against defaulting in filing financial statement for FY 2015-16, 2016-17 and 2017-18; directs strict compliance with the law

November 11, 2019 CORP, Industries, states 0

Ministry of Corporate Affairs has recently uploaded a notification on its website informing that it is in the process of identifying and flagging directors disqualified...

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Gazette notifications out to give effect to ROC to have jurisdiction over the Union Territories of Jammu & Kashmir and the Union Territory of Ladakh

November 11, 2019 CORP, Industries, Jammu and Kashmir 0

Pursuant to the President’s assent granted to Jammu and Kashmir Reorganisation Bill on 9th August 2019, the Jammu and Kashmir Reorganisation Act, 2019 has come into...

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SEBI directs all Listed companies to comply with the enhanced Due Diligence process for Dematerialization of Physical Securities

November 11, 2019 CORP, Industries, states 0

Securities and Exchange Board of India (SEBI) has issued a circular dated 5th November 2019 regarding enhanced Due Diligence for Dematerialization of Physical Securities.   The...

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Mutual Funds and Asset Management Companies to report any changes to the terms of investment to valuation agencies and SEBI registered Credit Rating Agencies immediately, mandates SEBI

November 11, 2019 CORP, Industries, states 0

The Securities and Exchange Board of India (“SEBI”) through a circular dated 6th November, 2019 mandated all mutual funds and asset management companies to report the...

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MCA extends last date for companies to file Forms MGT-7 (Annual Return) and AOC-4 (Financial Statement) without paying any additional fees

November 1, 2019 CORP, Industries, states 0

The Ministry of Corporate Affairs (“MCA”), has through a General Circular dated 29th October, 2019 extended the timeline for filing of forms MGT-7 and AOC-4 without paying additional...

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New Rules underway to create and maintain databank of Independent Directors; MCA notifies connected Rules; provisions gain effect from 1st December, 2019

October 30, 2019 CORP, Industries, states 0

As per Section 150 sub section (1) the Companies Act, 2013 “……an independent director may be selected from a data bank containing names, addresses and...

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MCA relaxes payment of additional fee/s while filing Form IEPFA-1A upto 31st December, 2019 and Form IEPF-2 upto 30th November, 2019

October 30, 2019 CORP, Industries, states 0

In view of the requests received from various stakeholders, the Ministry of Corporate Affairs (“MCA”), in a General Circular dated 25th October, 2019 has decided to...

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New Rules underway to create and maintain databank of Independent Directors; MCA notifies connected Rules; provisions gain effect from 1st December, 2019

October 28, 2019 CORP, Industries, states 0

This is a quick update to let you know that the Ministry of Corporate Affairs (“MCA) has framed the Companies (Creation and Maintenance of databank of...

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Board’s opinion regarding integrity, expertise and experience (including the proficiency) of Independent Directors appointed during the year will soon form a part of the Board Report

October 26, 2019 CORP, Industries, states 0

In a recent Notification dated 22nd October, 2019, the Ministry of Corporate Affairs (“MCA”) has amended the Companies (Accounts) Amendment Rules, 2019 (“Amended Rules”).   By...

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