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 …
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 …
Introduction of Companies (Mediation and Conciliation) Rules:For expediting resolution of the pending disputes, Central Government has introduced the Companies (Mediation and Conciliation) Rules 2016. The said rules prescribe the procedure for the empanelment of mediator or conciliator, their qualifications, disqualifications, appointment of mediator or conciliator, time limit for conducting mediation or conciliation, procedure for conducting …
Restrictions on Promoters and Whole-Time Directors of Compulsorily Delisted Companies Pending Fulfillment of Exit Offers to the Shareholders ” In terms of Regulation 24 of the Delisting Regulations, the company which has been compulsorily delisted, its whole-time directors, its promoters and the companies promoted by any such person, shall not directly or indirectly access the …
Foreign Exchange Management (Deposit) Regulations, 2016The Reserve Bank has made the Foreign Exchange Management (Deposit) Regulations, 2016 relating to deposits between a person resident in India and a person resident outside India. By issuing the said regulations, RBI has repealed and superseded regulations under the Foreign Exchange Management (Deposit) Regulations, 2000. It covers the following …
Companies (Share Capital and Debentures) Fourth Amendment Rules, 2016They shall come into force on the date of their publication in the Official Gazette. In the Companies (Share Capital and Debentures) Rules, 2014, in rule 18, after Sub-rule (10), the following sub-rule shall be inserted, namely: – “(11) Nothing contained in this rule shall apply to …
Manner of achieving minimum public shareholding requirements in terms of SCRR, 1957With a view to facilitate listed entities to comply with the minimum public shareholding requirements within the time specified in Securities Contracts (Regulation) Rules, 1957 (“SCRR, 1957”), the following additional methods shall be available: – Rights Issues to public shareholders, with promoters/promoter group shareholders …
Companies (Cost Records and Audit) Amendment Rules, 2016 dated 14th July, 2016MCA vide notification dated 14th July, 2016 has amended the Companies (Cost Records and Audit) Rules, 2014 where: In rule 2, for clause (d), the following clause shall be substituted, namely:-“(d) “cost audit report” means the duly signed cost auditor’s report on the cost …
Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2016 dated 08th July, 2016.In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) and Section 25 of the Depositories Act, 1996, the Securities and Exchange Board of India has hereby amended …
Master Direction – Lending to Micro, Small & Medium Enterprises (MSME) Sector dated 21st July, 2016.In exercise of the powers conferred by Sections 21 and 35 A of the Banking Regulation Act, 1949, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest to do so, hereby, issued …
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