CAIRR Update August 07, 2020

By | 2020-08-07T13:25:23+00:00 August 7th, 2020||

August 07, 2020   Summary of the notification issued by SEBI on 05/08/2020   SEBI amends norms pertaining to intimation of Record Date to Stock Exchanges under LODR Regulations   Under the revised regulation, a Listed Entity has to now intimate the Record Date with respect to the events such as declaration of dividend,rights/bonus [...]

CAIRR Update August 06, 2020

By | 2020-08-06T13:47:19+00:00 August 6th, 2020||

August 06, 2020 Summary of the notifications issued by IBBI on 05/08/2020 IBBI amends Liquidation Process and Voluntary Liquidation Process regulations under IBC, 2016  S. No. Amended Regulation  Summary of the Amendment  1.  Regulation 4(2)(b) of IBBI (Liquidation Process) Regulations, 2016 On realization of any amount by the liquidator who doesn’t distribute the same, [...]

CAIRR Update August 04, 2020

By | 2020-08-04T13:20:13+00:00 August 4th, 2020||

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 [...]

CAIRR Update August 03, 2020

By | 2020-08-03T13:11:03+00:00 August 3rd, 2020||

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 [...]

CAIRR Update July 31, 2020

By | 2020-08-03T12:45:20+00:00 July 31st, 2020||

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 [...]

CAIRR Update July 30, 2020

By | 2020-07-30T13:46:59+00:00 July 30th, 2020||

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 [...]

CAIRR Update July 28, 2020

By | 2020-07-28T17:34:18+00:00 July 28th, 2020||

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 [...]

CAIRR Update July 27, 2020

By | 2020-07-27T16:59:11+00:00 July 27th, 2020||

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?

By | 2020-07-23T11:02:42+00:00 July 23rd, 2020|Article|

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 [...]

CAIRR Update July 20, 2020

By | 2020-07-20T13:04:06+00:00 July 20th, 2020||

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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