News And Updates


SEBI Updates-12.02.2016

Circular to Listed Companies suspended for a period of more than 7 years, for non -compliance with the critical clauses of the erstwhile Listing Agreement.

BSE vide Circular No. DCS/COMP/32/2015-16 has taken initiative to encourage suspended companies to complete compliances for resumption of trading in the interests of the investors – else face compulsory delisting.”

Trading in the securities of certain listed...Continue Reading


RBI cancels Certificate of Registration of 26 NBFCs

RBI UPDATE

RBI CANCELS CERTIFICATE OF REGISTRATION OF 26 NBFCs

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the 26 (twenty six) non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.

Following the cancellation of registration certificate, these companies cannot transact...Continue Reading


NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (AUTHORISED TO REGISTERED) AMENDMENT RULES 2016

MCA UPDATE - 18.02.2016

NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (AUTHORISED TO REGISTERED) AMENDMENT RULES 2016

Ministry of Corporate Affairs invite comments / suggestions  on the draft Companies (Authorized to Registered) Amendment Rules, 2016.

The suggestions / comments on the above said rules along with justification in brief may be sent latest...Continue Reading


NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (INCORPORATION) SECOND AMENDMENT RULES 2016

MCA UPDATE - 18.02.2016

NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (INCORPORATION) SECOND  AMENDMENT RULES 2016

Ministry of Corporate Affairs invite comments / suggestions  on the draft Companies (Incorporation) Second Amendment Rules, 2016 

The suggestions / comments on the above said rules along with justification in brief may be sent...Continue Reading


Frauds - Future approach towards monitoring of frauds in NBFCs

RBI/2015-16/327
DNBR (PD) CC.No.075/03.10.001/2015-16

Frauds - Future approach towards monitoring of frauds in NBFCs

Please refer to circulars DNBS.PD.CC.No.127/ 03.10.42/2008-09 dated August 14, 2008, DNBS.PD.CC.No.256/03.10.042/2011-12 dated March 02, 2012 and DNBS.PD.CC.No.314/03.10.042/2012-13 dated December 13, 2012 on the captioned subject. It has been decided to revise the threshold for...Continue Reading


NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (ACCOUNTING STANDARD) RULES, 2016

MCA UPDATE- 17.02.2016

NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (ACCOUNTING STANDARD) RULES, 2016

MCA vide notice dated 16.02.2016 has invited comments on the draft Companies (Accounting Standards) Rules, 2016 as placed on the Ministry’s website at www.mca.gov.in.  

3. Suggestions/comments on above mentioned draft along with justification in brief may be...Continue Reading


NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (INDIAN ACCOUNTING STANDARD) AMENDMENT RULES, 2016

MCA UPDATE- 17.02.2016

NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (INDIAN ACCOUNTING STANDARD) AMENDMENT RULES, 2016

MCA vide notice dated 16.02.2016 has invited comments on the draft Companies ( Indian Accounting Standards) Amendment Rules, 2016 as placed on the Ministry’s website at www.mca.gov.in.  

3. Suggestions/comments on above mentioned draft along with justification in brief may be sent...Continue Reading


Notice inviting comments on the Report of Companies Law Committee reg

ICSI

NOTICE INVITING COMMENTS ON THE REPORT OF COMPANIES LAW COMMITTEE

This is with reference to subject captioned above, wherein Ministry has invited comments from the stakeholders in Report of Company Law Committee. In order to avoid repetition/duplication of comments/suggestions, the Ministry desired the members/ patrons of the Professional Institutes/...Continue Reading


Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967- Updates to ISIL (Da’esh) & Al-Qaida Sanctions List

RBI UPDATE

Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967- Updates to ISIL (Da’esh) & Al-Qaida Sanctions List

Please refer to circular DBR. AML. No. 9237/14.06.001/2015-16 dated January 21, 2016 on the captioned subject releasing updates issued vide press releases No. SC/12187...Continue Reading


SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) (AMENDMENT) REGULATIONS, 2016

SEBI UPDATE

SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) (AMENDMENT) REGULATIONS, 2016 

In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 13(8) and section 27(2) of the Companies Act, 2013, SEBI has...Continue Reading