Month: February 2016

Amendments to the Company Incorporation Rules

Introduction: The Central Government vide MCA Notification dated 22nd January, 2016 made the following amendments to the Companies (Incorporation) Rules, 2014. These Rules are called Companies (Incorporation) Amendment Rules, 2016 (herein after referred as ‘Amendment Rules’) which are effective from 26th January, 2016. (I) Amendment Undesirable Names: In the Companies (Incorporation) Rules, 20l4 (herein after …

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Legal Jargons

1. Word: sua sponte Definition: upon its own motion, initiation or will; without a prior request Meaning and use of the word: describes an act of authority taken without formal prompting from another party. The term is usually applied to actions by a judge taken without a prior motion or request from the parties. 2. …

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The Juvenile Justice (Care and Protection of Children) Act, 2015 (Came into force from 15th January, 2016)

I. Introduction: The Juvenile Justice (Care and Protection of Children) Act, 2015 has come into force with effect from 15th January, 2016 repealing the 15-year-old Juvenile Justice (Care and Protection of Children) Act, 2000. II. Background: In much hyped Nirbhaya case, it was found that one of the accused was yet to turn 18 years …

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Corporate Governance Code For Companies Listed In Qatar And Regulated By The Qatar Financial Markets Authority

Qatar Financial Markets Authority (“QFMA”) was established under Law No. 33 of 2005 as an independent regulatory authority to supervise the financial markets and firms that are authorized to conduct activities related to securities in or from the State of Qatar, and empowered to exercise regulatory oversight and enforcement over the capital markets. QFMA has …

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Partners Column

Dear Friends I am sharing my thoughts on few topics which have engaged minds of government, entrepreneurs, corporates, professionals etc., during last few weeks. Startup India: Our Honorable Primer Minister Mr. Modi recently launched an ambitious action plan for Startup India on 16th Jan 2016 in Delhi in the presence of celebrity startup founders from …

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Ministry of corporate affairs (MCA)

Circulars: Whether Hindu Undivided Family HUF)/ its Karta can become partner/Designated Partner (DP) in Limited Liability Partnership (LLP) vide MCA Circular No. 02/2016 Reference is invited to General Circular No. 13/2013 wherein, in paragraph 2, it has been clarified that “as per section 5 of LLP Act, 2008 only an individual or body corporate may …

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Securities and Exchange Board of India (SEBI)

Circulars: Procedures for ensuring compliance with Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 (SECC Regulations) by Listed Stock Exchanges vide Circular No. CIR/MRD/DSA/01/2016 Regulation 45 of the SECC Regulations provides for listing of stock exchanges. As per Regulation 45(2) of the SECC Regulations, the Board may specify such conditions as it may …

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Few Comparisons between Old Listing Agreement Clauses and New Listing Regulations

Particulars   OLD CLAUSE NEW REGULATION CHANGES OLD LISTING AGREEMENT NEW LISTING REGULATION Outcome of Board Meeting 20(a)to(c) Schedule III, Part A, Para A (4)(a)to(g) Intimate to the Stock Exchange (SE) within 15 minutes of the closure of the Board Meeting (BM) Disclose to the SE, within 30 minutes of the closure of the BM Disclosure to …

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