Author name: Akash Tiwari

Compliance Calendar as per Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations 2015”) (Equity listed) for the quarter ended on 31st December, 2016

Leave a Comment / Uncategorized /

S. No Activities Regulations Acts / Regulations, etc. Compliance Due Date 1. Statement on Investor Complaints: Specifying the number of investor complaints pending at the beginning of the quarter, those received during the quarter, disposed of during the quarter and those remaining unresolved at the end of the quarter. 13(3) SEBI Listing Regulations 2015 21st January, […]

Compliance Calendar as per Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations 2015”) (Equity listed) for the quarter ended on 31st December, 2016 Read More »

Fast Track Merger – Companies Act, 2013

Leave a Comment / Articles /

I. Introduction: Merger/amalgamation is a restructuring tool which helps companies in expansion and diversification of their business and to achieve their under lying objectives. In commercial parlance, merger essentially means an arrangement whereby one or more existing companies merge their identity into another to form a new and different entity which may or may not

Fast Track Merger – Companies Act, 2013 Read More »

Ministry of corporate affairs (MCA)

Leave a Comment / Ministry of Corporate Affairs, Updates & Amendments /

Commencement notification dated 07.12.2016On 07th December, 2016, the Central Government of India, in exercise of powers conferred under sub-section 3 of section 1 of the Companies Act, 2013, notified the following sections of the Companies Act, which are made effective from 15th December, 2016. Sections Notified Sections Notified Section 2(23) Section 7(7) (c)&(d ) Section

Ministry of corporate affairs (MCA) Read More »

Securities and Exchange Board of India (SEBI)

Leave a Comment / Securities and exchange board of india, Updates & Amendments /

SEBI (Portfolio Manager) (Amendment) Regulations, 2016Vide notification issued by SEBI dated 02nd January, 2017, a new chapter on “Eligible Fund Managers” and new schedule in relation to “Declarations for Eligible Fund Managers” were inserted governing Portfolio Managers.The provisions of the above mentioned new chapter shall apply to eligible fund managers exclusively, pertaining to their activities

Securities and Exchange Board of India (SEBI) Read More »

Reserve bank of India (RBI)

Leave a Comment / Reserve Bank of India, Updates & Amendments /

Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Second Amendment) Regulations, 2016: On 02nd January, 2017, RBI in exercise of powers conferred under section 47 of the Foreign Exchange Management Act, 1999, inserted the following after Clause (vi), sub regulation (2) of Regulation 6 of Foreign Exchange Management (Transfer or Issue of Any

Reserve bank of India (RBI) Read More »

ONLINE GROUP ADMIN NOT LIABLE FOR MEMBER’S STATEMENTS

Leave a Comment / Case Laws /

Parties: Plaintiff: Ashish Bhalla Vs. Respondent: Suresh Chawdhary & Ors. Citation: CS (OS) No.188/2016 Court: High Court of Delhi at New Delhi Bench: Rajiv Sahai Endlaw I. Facts of the case: The petitioner had sought damages against the administrator of a Telegram and Google group on which the allegedly defamatory statements were made. The plaintiff in

ONLINE GROUP ADMIN NOT LIABLE FOR MEMBER’S STATEMENTS Read More »

Ministry of corporate affairs (MCA)

Leave a Comment / Ministry of Corporate Affairs, Updates & Amendments /

1. Clarification Regarding Filing of Offline Challans with IEPF Authority under Companies Act. It is mandatory for the Companies depositing amounts to IEPF under Section 125 of the Companies Act, 2013 to i) generate challans online only; ii) file form IEPF-I mentioning the SRN of challan (online mode only). 2. The Investor Education and Protection Fund

Ministry of corporate affairs (MCA) Read More »

Securities and Exchange Board of India (SEBI)

Leave a Comment / Securities and exchange board of india, Updates & Amendments /

1. Enhanced Standards for Credit Rating Agencies (CRAs) SEBI constituted a committee on “Strengthening the Guidelines and Raising Industry Standards for Credit Rating Agencies (CRAs)”. The objective of the Committee was to deliberate upon measures and guidelines to bring about greater transparency in the policies of the CRAs, enhance the standards followed by the industry

Securities and Exchange Board of India (SEBI) Read More »

Procedure For Removal Of Auditor Before The Expiry Of His Term

1 Comment / Articles /

I. INTRODUCTION Section 140 of Companies Act, 2013 and Rule 7 of Companies (Audit and Auditors) Rules, 2014 states the law and procedure regarding removal of auditor before expiry of his term. II. SECTION 140(1) – REMOVAL OF AUDITOR BEFORE THE EXPIRY OF HIS TERM Section 140(1) of the Act provides for removal of auditor before

Procedure For Removal Of Auditor Before The Expiry Of His Term Read More »

Nidhi Company

3 Comments / Insight /

I. Introduction: Nidhi Company is a company incorporated as such with an objective of: Cultivating the habit of thrift; Saving amongst its members; Receiving deposits from its members; and Lending money to it members. II. Procedure to setup a Nidhi Company: Rule 4 of NIDHI Rules 2014 provides that: A Nidhi Company should be incorporated

Nidhi Company Read More »