MCA UPDATE

Constitution of National Company Law Tribunal (NCLT)

In exercise of the powers conferred by section 408 of the Companies Act, 2013, the Central Government has constituted National Company Law Tribunal to exercise and discharge the powers and functions as are, or may be, conferred on it by or under the said Act with effect from the 1st day of June, 2016.

MCA UPDATE

Applicability of provisions of Companies Act, 2013

In exercise of the powers conferred by sub-section (3) of section 1 of the Companies Act, 2013, the Central Government has appointed the 01st day of June, 2016 as the date on which some of the provisions of the Companies Act, 2013 shall come into force.

MCA UPDATE

Relaxation of additional fees and extension of time and filing of e-Forms by the Companies under Companies Act, 2013 and for filing of Annual Return (Form 11) by the LLPs under the Limited Liability Partnership Act, 2008

In...Continue Reading

SEBI UPDATE

The Securities and Exchange Board of India (Depositories and Participants) (Third Amendment) Regulations, 2016 

The Securities and Exchange Board of India has further amended the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996.

These Regulations may be called the Securities and Exchange Board of India (Depositories and...Continue Reading

SEBI UPDATE

Disclosure of the Impact of Audit Qualifications by the Listed Entities

SEBI has put in place a mechanism to review the audit qualifications contained in the audit reports of the listed entities. The detailed procedure for the same has been prescribed in Schedule VIII read with Regulation 33 and Regulation 52 of the SEBI (Listing and Other Disclosure Requirements)...Continue Reading

MCA UPDATE

The Companies (Corporate Social Responsibility Policy) Amendment Rules, 2016

The Ministry of Corporate Affairs amended the Companies (Corporate Social Responsibility Policy) Rules, 2014, whereby rule 4 sub-rule (2) has been substituted with the following:

“(2) The Board of a company may decide to undertake its CSR activities approved by the...Continue Reading

SEBI UPDATE

The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment)Regulations, 2016

The Securities and Exchange Board of India has amended the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

These regulations may be called the Securities and Exchange Board of India (Listing Obligationsand Disclosure...Continue Reading

SEBI UPDATE

The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2016

SEBI has further amended the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)...Continue Reading

SEBI UPDATE

The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2016

SEBI has further amended the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

These regulations may be called the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Second...Continue Reading

SEBI UPDATE

The Securities and Exchange Board of India (Issue and Listing of Debt Securities) (Amendment) Regulations, 2016

SEBI has amended the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008.

These regulations may be called the Securities and Exchange Board of India (Issue and Listing of Debt Securities) (Amendment) Regulations, 2016.

They shall...Continue Reading