Introduction Corporate life without computers and digital records is inconceivable today. Right from the formation of a company to its routine operations and when required, its dissolution, the use of computers and by inference the creation, maintenance, storage and retrieval of digital records is not just desirable, but inevitable. Company being an economic entity [...]
As many of you may be aware, we provide a free to use website that provides an integrated view of the Companies Act, LODR and IB code. Over the last three years, this site has generated good traction with 3500+ individuals registering for getting updates and attracts around 3000 users viewing more than 6000 [...]
Summary of Amendment in the Companies Act, 2013 issued on 31/07/2019 is listed below: The Companies (Amendment) Act, 2019: Ministry of law and Justice has issued the above Amendment, to give a continued effect to the provisions of the Companies (Amendment) Second Ordinance, 2019 dated 21st February 2019 by repealing the said Ordinance. The [...]
Summary of Notifications in SEBI (PIT) Regulations, 2015 and SEBI (LODR) Regulations, 2015 issued on 25/07/2019 and 29/07/2019 respectively are listed below: SEBI (Prohibition of Insider Trading) (Second Amendment) Regulations, 2019: SEBI has amended the Schedules B and C of Regulation 9 (“Code of Conduct”) to mandate restriction of trading for the designated persons [...]
Summary of Circular for the Companies Act, 2013 issued on 29/07/2019 is listed below: MCA Circular on extension of date for filing of e-Form BEN-2: Through this circular, MCA has extended the last date to file e-Form BEN-2 (every company shall file a return of significant beneficial owners to the company and the changes [...]
Summary of administrative change vide notification in the Companies Act, 2013 issued on 25/07/2019 is listed below: Registration offices: MCA notifies the establishment of Registrar of Companies at Guwahati relocating it from Shillong and giving it the territorial jurisdiction over the whole states of Assam, Meghalaya, Manipur, Tripura, Mizoram, Nagaland and Arunachal Pradesh for [...]
Summary of notifications under the Companies Act, 2013 and IB Code, 2016 issued on 25/07/2019 and 23/07/2019 respectively are listed below: Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2019 with immediate effect: a. MCA extends the due date for submitting the e-Form DIR-3 KYC for a financial year, by a Director from 31st [...]
Summary of notification and circular in the SEBI(LODR), Regulations, 2015 and SEBI (PIT) Regulations, 2015 respectively issued on 19/07/2019 are listed below: SEBI Circular on Procedure and formats for limited review / audit report of the listed entity and those entities whose accounts are to be consolidated with the listed entity: In order to [...]
Summary of notification and circular in the Companies Act, 2013 and SEBI(LODR), Regulations, 2015 respectively issued on 17.07.2019 are listed below: Designation of Special Court for the State of Maharashtra vide notification: The Central Government with the concurrence of the Chief Justice of the High Court, Bombay,has designated ‘Court of District Judge-1 and Additional [...]
Introduction Data storage, processing and retrieval are some of the traditional value adds that emerged from use of IT in the pre-internet era. With internet, that connects different users seamlessly, the facet of value add has expanded to include e-commerce, e-learning and e-governance. Looking into the near future, the advent of Artificial Intelligence and [...]
