October 22, 2020 Summary of the circular issued by MCA on 20/10/2020 MCA dispenses with the requirements towards minimum residency of Directors of a Company for FY 2020-21 Further to its earlier circular dated March 24, 2020 pertaining to financial year 2019-20, MCA has now dispensed with the requirement of at least [...]
October 19, 2020 Summary of the notification issued by MCA on 16/10/2020 Procedural amendment with respect to Private Placement offers made to Qualified Institutional Buyers under the Companies Act 2013 and its Rules Through this amendment, it will now suffice if the company that makes an offer or invitation to subscribe to [...]
October 14, 2020 Summary of the Circular Issued by SEBI SEBI issues circular for standardisation of procedure to be followed by Debenture Trustee(s) in case of ‘Default’ by Issuers of listed debt securities After consultation with stakeholders involved, SEBI vide its circular dated October 13, 2020 has decided to standardize the procedure [...]
October 12, 2020 Summary of the Notification issued by SEBI & Circular Issued by IBBI 1. SEBI notifies LODR (Third Amendment) Regulations, 2020 SEBI vide its notification dated October 8, 2020 has taken enhanced measures towards securing the interests of Debenture Holders. The key highlights are: Mandating a minimum of 100% asset [...]
October 09, 2020 Summary of the clarification issued by SEBI dated 08/10/2020 SEBI clarifies certain provisions with respect to Insider Trading regulations Key highlights of the revised FAQ issued by SEBI with respect to the Insider Trading Regulations are as follows: While pre-clearance is not required for exercise of such [...]
October 05, 2020 Summary of the circular issued by MCA dated 29/09/2020 MCA extends deadline to file IEPF related forms under the Companies Act, 2013 and its rules to 31/12/2020. Further to the extension of applicability of one-time waiver of additional filing fees for delayed filings under Companies Fresh Start Scheme to [...]
Corporate Board Evaluation is a critical component of Good Corporate Governance, where the Board annually evaluates its effectiveness and identifies areas for enhancing its effectiveness. While it is mandated for listed companies and all public companies with paid-up share capital above Rs.25 crores, as a prudent measure it would be [...]
September 29, 2020 Summary of the notifications and circulars issued by MCA on 28/09/2020 MCA extends deadlines for various provisions under Companies Act, 2013 and its rules to 31/12/2020 MCA vide its notification and circulars dated 28/09/2020 has extended deadline to 31/12/2020 (as against the earlier deadline of 30/09/2020) with respect to [...]
September 25, 2020 Summary of the notifications issued by MCA on 24/09/2020 1. Extension of Suspended time period for initiation of Corporate Insolvency Resolution application for defaults arising on or after 25/03/2020 to 25/12/2020 The Central Government has notified that fresh application for initiation of Corporate Insolvency Resolution process under Section 10A of IBC, [...]
September 24, 2020 Summary of the circular and notification issued by SEBI and IBBI respectively on 23/09/2020 1. Listed Companies to share information under System Driven Disclosure (SSD) mechanism under SEBI (SAST) Regulations, 2011 SEBI’s circular on 09/09/2020 directed Listed Companies to share required information as part of SSD under PIT regulations. In [...]
