SEBI’s LODR, 2015 Regulation 25 (3) read with Schedule IV (VII) (1) of the Companies Act, 2013 requires all equity listed companies and unlisted companies having Independent Directors to schedule a meeting of Independent Directors of the company to meet without the presence of non-independent directors and members of management [...]
June 09, 2020 Summary of the notification issued by MCA dated 05/06/2020 MCA allows startups to issue sweat equity upto ten years from its incorporation date & takes liquidity improvement measures for listed entities making private placement of debentures. Through this notification, - A start-up company, as defined in notification number [...]
June 08, 2020 Summary of the Ordinance passed by the President of India on 05/06/2020 Ordinance to suspend applicability of Insolvency and Bankruptcy Code, 2016 due to CoVID-19 pandemic Citing various reasons including hampering of conduct of business operations and assigning of resolution professionals to recover the defaulting corporates due to [...]
June 03, 2020 Summary of the guidelines issued by IBBI on 02/06/2020 IBBI issues guidelines to be followed with respect to appointment of Panel of Insolvency Professionals (IPs) for the purposes of Corporate and Individual Insolvency applications under IBC, 2016 Through this notification, IBBI has issued detailed guidelines to be followed [...]
