SEBI UPDATE

SEBI introduces e-payment facility for payment of penalties, disgorgement amounts, etc

In order to enable ease of paying penalties, disgorgement amounts, settlement amounts, legal charges and recovery amounts, SEBI has introduced an option for e-payment of such amounts which may directly be remitted to SEBI Account at their given account number.  

SEBI UPDATE

Discussion Paper 'Strengthening of the Regulatory framework for Algorithmic Trading & Co-location

SEBI has issued a discussion paper on "Strengthening of the Regulatory framework for Algorithmic Trading and Co-location" on the basis of comments and inputs from all stakeholders, including Investors, Market Infrastructure Institutions (MIIs), and Intermediaries,to explore and address concerns...Continue Reading

MCA UPDATE

New Version of AOC-4 (XBRL)

AOC-4 (XBRL) for filing Annual Financial Statements is being amended to include mandatory CSR / CARO related details. The revised AOC-4 (XBRL) eForm along with updated C&I Taxonomy is likely to be available on MCA portal in September 2016. Stakeholders are requested to refer General Circular 08, dated 29 July 2016 regarding waiver of Additional Fee and plan accordingly. Upon...Continue Reading

SEBI UPDATE

FAQs on SEBI (Buy-back of Securities) Regulation, 1998 

SEBI has issued a Frequently Asked Question (FAQs) on SEBI (Buy-back of Securities) Regulation, 1998 to provide a simplistic explanation/clarification of terms/concepts related to the SEBI (Buyback of Securities) Regulations, 1998.

SEBI UPDATE

FAQs on Delisting of Equity Shares

SEBI has issued a Frequently Asked Question (FAQs) on Delisting of Equity Shares to provide a simplistic explanation / clarification of terms / concepts related to SEBI (Delisting of Equity Shares) Regulations, 2009.

MCA UPDATE

NCLT Order dated 02.08.2016

In exercise of the powers conferred on National Company Law Tribunal by the rule 51 of NCLT Rules, 2016, Fee for inspection is hereby prescribed Rs. 200/- per inspection for the records as provided under rule 114 of the NCLT Rules, 2016

MERGER AND AMALGAMATION UPDATE

Charging of Stamp Duty in case of Merger / Amalgamation

All the Deputy Commissioners in the state are requested to direct all the registering authorities under their control to impose stamp duty @5% on all the instruments of merger / amalgamations which are executed by the company on the directions / orders of the Court evidencing transfer of property as per...Continue Reading

MCA UPDATE

Issuance of rupee bonds to overseas investors by Indian companies - Clarification regarding applicability of provisions of Chapter III of the Companies Act, 2013

The Ministry of Corporate Affairs in consultation with RBI clarified that unless otherwise provided in the circular/ directions/ regulations issused by RBI, the provisions of Chapter lll...Continue Reading

RBI UPDATE

Retail Participation by Demat Account Holders in the Government Securities Market: Access to NDS-OM Platform

Taking into account the recommendations of the Group, it has been decided to allow Demat Account Holders of NSDL and CDSL to put through trades in Government Securities on the NDS-OM platform through their respective Depository Participant (DP) bank which is an Subsidiary General...Continue Reading

MCA UPDATE

NCLT Order dated 29.07.2016

All petitioner / applicants of pending cases (CLB matters) are directed to file two more complete set of case files two days before the scheduled hearing.

It has been also decided that w.e.f. 01.08.2016, the cause list containing the erstwhile CLB cases or new matters will be published in running numbers without mentioning any specific timings.