Posts In: CORP

SEBI does away with the requirement to furnish copy of PAN card to listed entities for registration of transfer of securities; applies only to NRIs, OCIs, PIOs and foreign nationals

February 14, 2019 CORP, Industries, states 0

The Securities Exchange Board of India (“SEBI”) in a circular dated 11th February, 2019 has done away with the requirement of furnishing a copy of PAN card to...

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MCA expands the meaning of ‘Significant Beneficial Owners’ and introduces definition of Reporting Company, effective 8th February, 2019

February 13, 2019 CORP, Industries, states 0

The Ministry of Corporate Affairs, rolls out the Companies (Significant Beneficial Owners) Amendment Rules, 2019 (“Amendment Rules”), effective 8th February, 2019. Background: The Companies (Significant Beneficial...

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SEBI rolls out format in which Listed Entities and its material subsidiaries must submit Annual Secretarial Audit Report / Compliance Report; effective from financial year ended 31.03.2019 onwards

February 13, 2019 CORP, Industries, states 0

Background: The Committee on Corporate Governance, under the Chairmanship of Shri. Uday Kotak (Committee) dated 5th October, 2017 has laid emphasis on the following: To make...

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MCA amends Acceptance of Deposits Rule/s; now every company will be required to file a onetime return of outstanding receipt of money or loan by it but not considered as deposits

February 11, 2019 CORP, Industries, states 0

The Ministry of Corporate Affairs (“MCA”) has through a notification dated 22nd January, 2019 issued the Companies (Acceptance of Deposits) Amendment Rules, 2019 (“Amendment Rules”). Key highlights: An explanation...

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SEBI issues framework on Cyber Security & Cyber Resilience for Mutual Funds /Asset Management Companies (AMCs), effective April 1, 2019

January 28, 2019 CORP, Industries, states 0

The Securities and Exchange Board of India (“SEBI”) has issued a circular dated January 10, 2019 to specify the Cyber Security & Cyber Resilience framework...

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MCA clarifies that procedure for issuing securities in dematerialised form will not apply to unlisted public company which is a wholly owned subsidiary

January 28, 2019 CORP, Industries, states 0

The Ministry of Corporate Affairs (“Ministry”) has, in a Notification dated 22nd January 2019 amended the Companies (Prospectus and Allotment of Securities) Rules, 2014 (“Principal Rules”),...

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MCA amends Acceptance of Deposits Rule/s; now every company will be required to file a onetime return of outstanding receipt of money or loan by it but not considered as deposits

January 28, 2019 CORP, Industries, states 0

The Ministry of Corporate Affairs (“MCA”) has through a notification dated 22nd January, 2019 issued the Companies (Acceptance of Deposits) Amendment Rules, 2019 (“Amendment Rules”). Key highlights: An explanation...

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MCA rolls out format in which Companies receiving supplies of Goods and Services from MSMEs must file returns to report payments due to MSMEs

January 28, 2019 CORP, Industries, states 0

As reported earlier, the Ministry of Micro Small and Medium Enterprises (“MSME”) had in a notification dated 2nd November, 2018, made it mandatory for companies procuring...

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National Stock Exchange releases comprehensive list of guidelines and schemes with a view to facilitate orderly use of Offer for Sale of Shares

January 25, 2019 CORP, Industries, states 0

The National Stock Exchange, through a Circular dated 18th January, 2019, has released a comprehensive list of guidelines and schemes with a view to facilitate orderly use...

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RBI rolls out revised External Commercial Borrowing Framework enabling all eligible borrowers to receive FDI; effective 16th January, 2019

January 22, 2019 CORP, Industries, states 0

The Reserve Bank of India on 16th January, 2019 has rolled the new External Commercial Borrowings Framework (“New ECB Framework”). The improvements made are in line with ease...

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