August 04, 2020 Summary of the Circular issued by MCA on 03/08/2020 Extension of Relaxation with respect to Dispatch of Notice towards Rights Issue under Companies Act, 2013 by Listed Entities for Rights Issue opening upto 31/12/2020 MCA has extended the relaxation granted for the Listed Companies raising funds via Rights Issue [...]
August 03, 2020 Summary of the circulars issued by SEBI on 31/07/2020 1. SEBI clarifies that investors with physical securities are allowed to tender shares in buybacks, open offers and delisting of securities. SEBI clarifies that shareholders holding securities in physical form are allowed to tender shares in open offers, buy-backs through tender [...]
July 31, 2020 Summary of the rules notified by MCA on 28 July 2020 National Company Law Tribunal and National Company Law Appellate Tribunal (Procedure for investigation of misbehaviour or incapacity of Chairperson, President, and other Members) Rules, 2020 Through this notification, the Ministry of Corporate Affairs has notified rules for investigating complaints against [...]
July 30, 2020 Summary of the circular issued by SEBI on 29/07/2020 Extension of deadline for the Listed Entities towards submission of financial results for the quarter/half year/financial year ended 30/06/2020 to 15/09/2020 SEBI has extended the timeline for submission of financial results under Regulation 33 of the LODR Regulations, for the [...]
July 28, 2020 Summary of the circular issued by SEBI on 27/07/2020 SEBI further extends the relaxation relating to procedural matters on Takeovers and Buy-back due to CoVID-19 pandemic pertaining to open offers and buy-back tender offers opening upto December 31, 2020 Through this circular, SEBI has extended the relaxations granted [...]
July 27, 2020 Summary of the notification issued by MCA on 24/07/2020 MCA amends Companies (Indian Accounting Standards) Rules, 2015 Through this notification, MCA has amended the following accounting standards- Ind AS 1 on Presentation of financial statements, Ind AS 8 on Accounting policies, changes in accounting estimates and errors, Ind AS 10 on Events after the reporting [...]
5Qs for Every Corporate Professional: CimplyFive’s 5Qs to KMP/ Director to determine if their dissent should be recorded in the Board minutes?
Independent thinking is desirable for an individual, but essential in a professional. As a Director or Key Managerial Personnel (KMP) of a company, this requirement to think independently is enshrined in law and at times is required to be documented. A latent requirement when the going is smooth, it shields [...]
July 20, 2020 Summary of the notification issued by SEBI on 17/07/2020 SEBI amends provisions with respect to Maintenance of Structured Digital Database by Listed Entities and inclusions to the Code of Conduct under SEBI's Insider Trading Regulations. Key highlights of the notification are as follows: 1. Structured Digital Database: The database [...]
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5Qs for Every Corporate Professional: CimplyFive’s 5Qs for determining if you are the right candidate for being an Independent Director?
Many see Independent Directors (ID) as top honchos in the corporate world, with lucrative rewards and perks for the little time they expended in board meetings. Others who are acquainted with the darker side, view the role with trepidation; a job with hidden hazards that can expose an individual to [...]