MCA UPDATE

NCLT Order dated 23^rd August, 2016

National Company Law Tribunal (NCLT) has issued an Order dated 23.08.2016 whereby the format of “Daily Cause List” containing the information as prescribed in Rule 89 of NCLT Rules, 2016 has been issued. The new format shall have all the mandatory details as provided in Rule 89 of NCLT Rules, 2016.

Agreement

• Business Transfer Agreement
• Civil Contract for...Continue Reading

RBI UPDATE

Master Directions issued by Reserve Bank of India - NBFC

Reserve Bank of India has issued the following Master Directions for the purpose of enabling the Bank to regulate the credit system to the advantage of the country:

• Master Direction - Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2016 
• Master Direction on Core Investment Companies (Reserve Bank) direction,...Continue Reading

MCA UPDATE

C & I Taxonomy for filing of Annual Financial Statements

C&I taxonomy, for filing Annual Financial Statements in AOC-4 XBRL is being amended to include mandatory CSR / CARO related details and others changes. The revised draft business rules along with the change sheet and Taxonomy (2016) is available on MCA portal. The updated C&I Taxonomy 2016 should be used for filing annual financial statements in...Continue Reading

SEBI UPDATE

SEBI signs a bilateral Memorandum of Understanding with Abu Dhabi Global Markets Financial Services Regulatory Authority

Securities and Exchange Board of India (SEBI) and The Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) have entered into a bilateral Memorandum of Understanding (MoU) for mutual cooperation and technical assistance.

The bilateral MoU provides a...Continue Reading

MCA UPDATE

IEPF Forms

IEPF forms are likely to be available on the IEPF portal (www.iepf.gov.in) w.e.f 25th August 2016. Stakeholders are requested to plan accordingly

MCA UPDATE

New Version of e-Forms

Forms AOC-4, AOC-4 CFS, DIR-12, FC-2 and MGT-15 were recently revised on MCA21 Company Forms Download page. Stakeholders are advised to check the latest version before filing

RBI UPDATE

Dishonour of cheques – Modification in procedure

Please refer to RBI circular DBOD.BC.Leg.No.113/09.12.001/2002-03 dated June 26, 2003 and paragraph 11.4 (i) of RPCD.CO.RRB.BC.No.100/03.05.33/2013-14 dated May 12, 2014 wherein banks were advised to introduce a condition for operation of accounts with cheque facility that in the event of dishonour of a cheque valuing rupees one crore...Continue Reading

SEBI UPDATE

FAQs on SEBI (Alternative Investment Funds) Regulations, 2012

SEBI has issued Frequently Asked Questions (FAQs) on SEBI (Alternative Investment Funds) Regulations, 2012 with a view to guide market participants on SEBI (Alternative Investment Funds) Regulations, 2012

For full particulars of laws governing the AIFs, please refer to the Acts/Regulations/Guidelines/Circulars etc. appearing under the Legal...Continue Reading

MCA UPDATE

The Companies (Share Capital and Debentures) Fourth Amendment Rules, 2016

The Ministry of Corporate Affairs has further amended the Companies (Share Capital and Debentures) Rules, 2014 whereby  in rule 18, after Sub-rule (10), the following sub-rule has been inserted, namely:-

“(11) Nothing contained in this rule shall apply to rupee denominated bonds...Continue Reading

SEBI UPDATE

Revised Formats for Financial Results and Implementation of Ind AS by listed entities which have listed their debt securities and/or non-cumulative redeemable preference shares

SEBI has prescribed the revised format for disclosure of Financial Results and Implementation of Ind AS by listed entities which have listed their debt securities and/or non-cumulative redeemable preference shares

The existing...Continue Reading