Updates & Amendments

Ministry of corporate affairs (MCA)

Amendment in Rules: Companies (Share Capital and Debentures) Third Amendment Rules, 2015: Central Government has in exercise of the powers conferred by sub-sections (l) and (2) of section 469 of the Companies Act, 2013 (18 of 201 3) on 06.11.2015 further amended Companies (Share Capital and Debentures) Rules, 20l4 by adding sub-clause (iv) in sub-rule …

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MINISTRY OF CORPORATE AFFAIRS (MCA)

I. Limited Liability Partnership (Amendment) Rules, 2015 dated 15.10.2015 In exercise of the powers conferred under sub-Sections (1) and (2) of section 79 of the Limited Liability Partnership Act, 2008 (6 of 2009), the Central Government hereby makes the Limited Liability Partnership (Amendment) Rules, 2015 to amend the Limited Liability Partnership Rules, 2009. They shall …

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RESERVE BANK OF INDIA (RBI)

I. Annual Return on Foreign Liabilities and Assets (FLA Return) – Reporting by Limited Liability Partnerships dated 21.10.2015 In order to capture the statistics relating to Foreign Direct Investments (FDI), both inward and outward, by Limited Liabilities Partnerships (LLPs) in India, it has been decided that henceforth, all LLPs that have received FDI and/or made …

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Securities and Exchange Board of India (SEBI)

I. Format of Uniform Listing Agreement dated 13.10.2015 Securities and Exchange Board of India, in exercise of the powers conferred under sections 11(1) and 11A of the Securities and Exchange Board of India Act 1992, vide its circular dated October 13, 2015 has prescribed the format of uniform listing agreement. It is a simplified listing …

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MINISTRY OF CORPORATE AFFAIRS (MCA)

1. Clarification on repayment of deposits accepted by the companies before the commencement of the Companies Act, 2013 under section 74 of the said Act MCA vide circular dated 18th June, 2015 clarified that that vide Removal of Difficulties (Second) Order [S.O. 1428(E)] dated 2nd June, 2014 and Removal of Difficulties (Fourth) Order [S.O. 146O(E)] dated …

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Securities Exchange Board of India (SEBI)

1. Requirements specified under the SEBI (Share Based Employee Benefits) Regulations, 2014 The Securities Exchange Board of India (SEBI) vide its Circular No. CIR/CFD/POLICY CELL/2/2015 dated June 16, 2015 has specified certain processes/disclosure requirements under the SEBI (Share Based Employee Benefits) Regulations, 2014. The following necessary guidelines are being issued: Regulation 3(3) – Minimum Provisions …

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Securities Exchange Board of India (SEBI)

1) Disclosures under SEBI (Prohibition of Insider Trading) Regulations, 2015 The Securities Exchange Board of India (SEBI) vide Circular No. CIR/ISD/01/2015 dated May 11, 2015 has notified the Disclosures under SEBI (Prohibition of Insider Trading) Regulations, 2015. The formats for the disclosure under Regulation 6 of SEBI (Prohibition of Insider Trading) Regulations, 2015, have been …

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RESERVE BANK OF INDIA (RBI)

1. Foreign Exchange Management (Permissible Capital Account Transactions) (Third Amendment) Regulations, 2015 The Reserve Bank of India (RBI) has amended the Foreign Exchange Management (Permissible Capital Account Transactions) Regulations, 2000, vide Notification No. FEMA. 341/2015-RB dated May 26, 2015. RBI has allowed resident individual to draw from an authorized person foreign exchange not exceeding USD …

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