June 01, 2022 Summary of the notification issued by MCA on 31/05/2022 Extension of the deadline for filing of CSR-2 under Companies Act, 2013 MCA has extended the deadline for filing of form CSR- 2 for the preceding financial year (2020-2021) to 30/06/2022 (as against the earlier extended deadline of 31/05/2022). Further, MCA now requires that [...]
May 31, 2022 Summary of the notification issued by MCA on 30/05/2022 Requirement for Government Approval in case of a compromise or an arrangement under Companies Act, 2013 in specific cases Where there is a compromise/an arrangement/merger/de-merger between an Indian company and a company/body corporate which has been incorporated in a country that shares [...]
May 26, 2022 Summary of the circular issued by SEBI on 25/05/2022 SEBI simplifies the procedure for issuance of duplicate securities certificates To ease the procedure for issuance of duplicate securities, making it more efficient and investor friendly, SEBI has issued the revised requirements, operational guidelines and standardized formats in this regard. The revised [...]
May 23, 2022 Summary of the Notification issued by MCA on 20/05/2022 MCA revises the formats of Forms INC-9 and SPICe+ INC-32 for Incorporation under the Companies Act, 2013 w.e.f 01/06/2022 MCA prescribes the revised format for the declaration by Subscriber / First Director of a company in form INC-9 which is to be filed [...]
May 20, 2022 Summary of the circulars issued by SEBI on 19/05/2022 Revision in timeline w.r.t Rights Issue under LODR regulations Through this circular, SEBI has revised the minimum time period between the closure of trading in Right Entitlements(REs) on stock exchanges and closure of the Rights Issue to 3 working days (as against [...]
May 17, 2022 Summary of the circular issued by SEBI on 13/05/2022 Relaxation from sending hardcopies of Annual Reports to shareholders under SEBI Regulations In line with relaxation granted by MCA vide its circular dated 05/05/2022 with respect to holding EGMs and AGMs through VC or Other Audio Visual Means (OAVM) till 31/12/2022, SEBI has [...]
May 06, 2022 Summary of the circulars and notification issued by MCA on 05/05/2022 AGMs and EGMs under Companies Act, 2013 can be conducted through Video Conferencing till 31/12/2022 MCA has extended the relaxation to conduct Extra-Ordinary General Meetings (‘EGMs’) and Annual General Meeting (‘AGM’) due to be held in the year [...]
May 05, 2022 Summary of the notification issued by MCA on 04/05/2022 Revision of SH-4 (Securities Transfer Form) format under Companies Act, 2013 MCA now requires a declaration from the Transferee in the SH-4 document on applicability for obtaining approval from the Government under FEMA (Non-debt Instruments) Rules, 2019, prior to transfer of shares. [...]
April 29, 2022 Summary of the notification issued by IBBI on 28/04/2022 Applicability of certain regulations under IBBI(Liquidation Process) Regulations, 2016 IBBI has clarified that the requirements under following regulations shall apply to the liquidation processes commencing on or after the date of the commencement of the IBBI (Liquidation Process) (Amendment) Regulations, 2019, i.e. [...]
April 28, 2022 Summary of the notification issued by MCA on 27/04/222 Relaxation for the Banking Companies from Registration of Charge under the Companies Act, 2013 for specified transactions. Through this notification, a Banking Company needn't register the creation or modification of Charge, as required under Section 77 of the Companies Act, 2013 when it borrows [...]