RBI UPDATE

Investment by Foreign Portfolio Investors (FPI) in Government Securities

The limits for investment by FPIs in Central Government Securities for the next half year are proposed to be increased in two tranches, i.e., by Rs. 105 billion from April 4, 2016 and by Rs.100 billion from July 5, 2016 respectively.

As in the previous half-year, the limits for State Development Loans...Continue Reading

MCA UPDATE

New Version of e-forms

The Company e-Forms have been revised on MCA portal effective 27th March 2016.

Stakeholder are advised to download the latest version of forms from ‘Company Forms Download’ page on the MCA portal.

The previous version of Company e-forms will not be compatible with the new MCA21 portal

MCA UPDATE

Version of LLP Forms

Please note that the Version of following LLP forms are likely to be modified w.e.f 23rd March 2016

Form 2 (Incorporation document and subscriber’s statement), 

Form 4 (Notice of appointment, cessation, change in name/ address/designation of a designated partner or partner. and consentto become a partner/designated partner) and  

Form 17 (Application and statement for conversion of a...Continue Reading

MCA UPDATE

Notification for CRC phase-2 Incorporation

In exercise of the powers conferred by sub-sections (1) and (2) of Section 396 of the Companies Act, 2013, the Ministry of Corproate Affairs vide notification dated 23rd March, 2016 changed the approval process for incorporation of Companies under the provisions of Section 7, 8 and 366 of the Companies Act, 2013 whereby the Central Registration Center...Continue Reading

MCA UPDATE

Companies (Incorporation) Second Amendment Rules, 2016

The Ministry of Corporate Affairs vide notification dated 23rd March, 2016 has amended the Companies (Incorporation) Rules, 2014 whereby old version of Form no 11 has been substituted with new version of Form no 11 i.e. the certificate of incorporation being issued by Registrar of Companies shall now be issued by Central...Continue Reading

SEBI UPDATE

FAQs on Investor Grievances - SCORES

Sebi has issued FAQ on Investor Grievances for :

• Investors
• Companies and Intermediaries

BSE UPDATE

MANDATORY FILING OF CORPORATE GOVERNANCE REPORT AND SHAREHOLDING PATTERN IN XBRL MODE

In continuation to the notice dated 30th November, 2015 with regards to mandatory filing of information with the Exchange in electronic mode and with a view to making the disclosure more accurate and efficient, the Exchange had introduced facility of XBRL based reporting...Continue Reading

MCA UPDATE

New MCA21 portal for Company users

The Ministry of Corporate Affairs will launch a new MCA21 portal for Company users.

The new portal is likely to be launched on 27th March 2016. To facilitate implementation of the new portal, the offline payment methods – Challan, NEFT, Pay Later – will be disabled for Company services effective Saturday, 19th March 2016.

Stakeholders are advised to make use...Continue Reading

RBI UPDATE

Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises (MSMEs)

In order to provide a simpler and faster mechanism to address the stress in the accounts of MSMEs and to facilitate the promotion and development of MSMEs, the Ministry of Micro, Small and Medium Enterprises, Government of India, vide their Gazette Notification dated May...Continue Reading

SEBI UPDATE

Investments by FPIs in REITs, InvIts, AIFs and corporate bonds under default

A. REITs, InvIts and AIFs

1. RBI had vide notification No. FEMA.355/2015-RB dated November 16, 2015 carried out necessary amendments in Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Eleventh Amendment) Regulations, 2015...Continue Reading