Returns to be submitted by NBFCs – Revised Formats: RBI vide its notification. RBI /2011-12/195DNBS(PD).CC. No.243/03.02.02/2011-12, dated 22nd September 2011, has revised the formats of Returns to be submitted by NBFCs. Foreign Investments in India – Transfer of security by way of gift –Liberalisation: RBI vide its notification RBI/2011-12/175 A.P. (DIR Series) Circular No. 14, …
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and consequential amendments to Clause 35 of the Equity Listing Agreement.: SEBI vide its circular – SEBI CFD/DCR/SAST/ 1/2011/09/23 dated 23rd September, 2011 has notified as under: SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Consequential amendment to Clause 35 …
Processing of Investor Complaints in SEBI Complaints Redress System (SCORES): Securities and Exchange Board of India (SEBI) vide its circular dated 2nd August, 2011 has commenced processing of investor complaints in a centralized web based complaints redress system ‘Scores’. The details of the circular can be viewed at : http://www.sebi.gov.in/cms/sebi_data/attachdocs/1312454622977.pdf. Accordingly, henceforth all complaints shall …
Corrigendum to Company Law Settlement Scheme, 2011 (CLSS, 2011): MCA videGeneral Circular No: 60/2011 dated, 10th August 2011 has clarified that the CLSS, 2011 shall cover Form 52 (filing of annual accounts by a foreign company) as foreign companies are included in the scheme. All the terms and conditions of the General Circular No. 59/2011dated …
Investment in the units of Domestic Mutual funds : RBI vide its circular A.P. (DIR Series) Circular No. 08 dated 9th August, 2011 in consultation with the Government and the SEBI, has decided to allow non- resident investors (other than SEBI registered FIIs and SEBI registered FVCIs) who meet the KYC requirements of SEBI, hereinafter called …
A. MINISTRY OF CORPORATE AFFAIRS 1. Corrigendum to Company Law Settlement Scheme, 2011 (CLSS, 2011): MCA vide General Circular No: 60/2011 dated, 10th August 2011has clarified that the CLSS, 2011 shall cover Form 52 (filing of annual accounts by a foreign company) as foreign companies are included in the scheme. All the terms and …
MCA vide Circular No. 55/2011 dated 26th July, 2011 has provided the procedure that has to be followed in case of winding up in order to curb mal-practices.
MCA vide Circular No. 54/2011 dated 26th July, 2011 has casted responsibility on the Official Liquidator as given in the said circular in order to speed up the winding up process and to introduce best international practices in that regard.
MCA vide Circular No. 52/2011 dated 25th July, 2011 has decided to simplify the procedures and to give online approval, if the proposed contract has been approved by the shareholders by way of special resolution in a general meeting and if the e-form is certified by a practising professional who shall certify the correctness of …
Online approval of Central Government under section 297 of the Companies Act, 1956 Read More »
MCA vide Circular No. 53/2011 dated 26th July, 2011 has issued guidelines for the issues to be examined by the Regional Director’s/Registrar of Companies in the matter of scheme of arrangement/amalgamation under section 391-394 along with the timelines for strict compliance.
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