RBI UPDATE

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Seventh Amendment) Regulations, 2016

RBI has further amended Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 whereby regulation 10A has been inserted after regulation 10: 

10A - In case of transfer of shares between a resident buyer and a...Continue Reading

Sample Interview Questionnaire - CS  (Click here to download)

Wouldn't it be great if you knew exactly what a hiring manager would be asking you in your next interview?

While we unfortunately can't read minds, we'll give you the next best thing: a list of the 24 most commonly asked interview questions and answers on company law, for our young professional buddies looking for a job.

While we don't...Continue Reading

RBI UPDATE

Cyber Security Framework in Banks

Reserve Bank of India has issued Cyber Security Framework putting in place an adaptive Incident Response, Management and Recovery framework to deal with adverse disruptions. The framework requires the Banks to place a Cyber Security Framework duly approved by the Board to combat Cyber threats and acceptable level of risk. It is mandated that a Security Operations...Continue Reading

MCA UPDATE

MCA Portal Temporary unavailable

All our stakeholders are requested to note that services on the www.mca.gov.in portal will not be available from 08:00AM to 06:00PM on Saturday, 11th June 2016 due to periodic maintenance activities. While in the past, such activities may have been carried out after office hours, this time the maintenance activities are required to be carried out during the day since...Continue Reading

SEBI UPDATE

Investor Protection Fund (IPF) of Depositories

SEBI has issued the following guidelines with regard to Investor Protection Fund (IPF) of the Depositories based on the recommendations of Depository System Review Committee (DSRC) and Expert Committee on Clearing Corporations:

• Utilization of the IPF
• Constitution and Management of the IPF
• Contribution to the IPF
• Investments of...Continue Reading

SEBI UPDATE

SEBI cautions investors not to invest in schemes offered by entities barred by SEBI from raising money or entities not registered with SEBI from raising money or entities not registered with SEBI

Certain Collective Investment Scheme(s) (CIS) have come to the notice of SEBI, which were offered by entities not registered with SEBI nor offer document of such schemes have been filed with SEBI. Appropriate actions...Continue Reading

SEBI UPDATE

Consultation paper for amendments to the SEBI (Infrastructure Investment Trusts) Regulations, 2014

SEBI has issued a Consultation paper for amendments to the SEBI (Infrastructure Investment Trusts) Regulations, 2014 based on the feedback received from various stakeholders.

The issues and the proposals for amendment are as under:

1. Removing the restriction on the SPV (only in case of such SPV being a Holding Company) to...Continue Reading

MCA UPDATE

New Version of e-Forms

LLP Forms Form 12, Form 15, Form 17, Form 18, Form 22 and Form 24 are likely to be revised on MCA21 LLP Forms Download page w.e.f 5th June 2016.

Stakeholders are advised to check the latest version before filing

MCA UPDATE

Transfer of matters or proceedings or cases pending before the Company Law Board to National Company Law Tribunal

The Ministry of Corporate Affairs have appointed the 01st day of June, 2016, on which all matters or proceedings or cases pending before the Board of Company Law Administration (Company Law Board)...Continue Reading

MCA UPDATE

The Companies (Authorised to Register) Amendment Rules, 2016 

The Ministry of Corporate Affairs has amended the Companies (Authorised to Register) Amendment Rules, 2014

These rules may be called the Companies (Authorised to Register) Amendment Rules, 2016.

They shall come into force from the date of their publication in the Official Gazette.