CAIRR Update May 27, 2020

By | 2020-05-27T15:43:37+00:00 May 27th, 2020||

May 27, 2020   Summary of the Notification issued by MCA on 26/05/2020   1. MCA amends Schedule VII of the Companies Act, 2013 to include ‘PM CARES Fund’ as an eligible CSR expenditure, with effect from 28/03/2020   Through this notification, MCA has now amended the Schedule VII of the Act, to explicitly include [...]

CimplyFive’s Report on Covid 19 Disclosures by the Companies

By | 2020-05-25T14:31:15+00:00 May 25th, 2020|Article|

Where fair disclosures are the desired objective, it must go beyond the limits set in law, which is the bare minimum that companies need to comply with to avoid penalties. Hence CimplyFive’s Model Disclosures for Covid-19 is designed with the objective of providing fair disclosures to all existing and potential investors. The disclosures would [...]

CAIRR Update May 21, 2020

By | 2020-05-21T14:43:01+00:00 May 21st, 2020||

May 21, 2020   Summary of the circular issued by SEBI on 20/05/2020   1. SEBI issues advisory on disclosure of material impact of CoVID–19 pandemic on listed entities under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR’)   Through this advisory, SEBI has emphasized the need for listed entities to ensure the [...]

CAIRR Update May 15, 2020

By | 2020-05-15T13:13:45+00:00 May 15th, 2020||

May 15, 2020   Summary of the Circulars issued by SEBI on 14/05/2020   1. SEBI relaxes applicability of SEBI Circular dated October 10, 2017 on non-compliance with the Minimum Public Shareholding (MPS) requirements Through this circular, SEBI has relaxed the applicability of its earlier circular dated 10/10/2017, which laid down the procedure to [...]

5Qs for Every Corporate Professional: CimplyFive’s Five Qs on Good Governance.

By | 2020-05-14T12:29:22+00:00 May 14th, 2020|Article|

The quality of governance depends on the ethics of the people at the helm of affairs. Hence the subject of governance is linked with ethics and not morals or law and is rightly called Ethics & Governance. In its essence, governance is the collection of systems, processes and methods for [...]

CAIRR Update May 13, 2020

By | 2020-05-14T15:59:35+00:00 May 13th, 2020||

May 13, 2020   Summary of the circular and order issued by SEBI and NCLT on 12/05/2020   1. Additional relaxation in relation to compliance with certain provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 due to Covid-19 pandemic   Following is the summary of relaxations granted by SEBI - Regulation Relaxation [...]

CAIRR Update May 12, 2020

By | 2020-05-12T15:43:11+00:00 May 12th, 2020||

May 12, 2020   Summary of the circular issued by MCA on 11/05/2020   Relaxation with respect to Dispatch of Notice towards Rights Issue under Companies Act, 2013 by Listed Entities for Rights Issue opening upto 31/07/2020   In line with various procedural relaxations granted by SEBI with respect to Rights Issue opening upto [...]

CAIRR Update May 06, 2020

By | 2020-05-11T13:15:34+00:00 May 6th, 2020||

May 06, 2020   Summary of the circular issued by MCA on 05/05/2020   1. MCA allows Companies to conduct Annual General Meetings(AGMs) for the calendar year 2020 through Video Conferencing facility due to CoVID-19 pandemic   Through this circular, MCA has permitted Companies to hold AGMs for the calendar year 2020 though electronic [...]

CAIRR Update May 04, 2020

By | 2020-05-04T16:21:02+00:00 May 4th, 2020||

May 04, 2020   Summary of the circular issued by MCA on 30/04/2020   1. MCA extends due date by 60 days for filing form NFRA – 2 for FY 2018-19 to 06/07/2020   MCA vide this circular has extended the deadline for filing form NFRA – 2 from 150 days to 210 days [...]

CAIRR Update April 30, 2020

By | 2020-05-04T18:56:56+00:00 April 30th, 2020||

April 30, 2020   Summary of the notification issued by MCA on 29/04/2020   Extension of deadline for Independent Directors to get themselves registered with the Data Bank from April 30, 2020 to June 2020. Through this notification, MCA has extended the deadline for those individuals who were acting in the capacity of Independent Directors [...]

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