CAIRR Update August 19, 2020

By | 2020-08-19T12:29:02+00:00 August 19th, 2020||

August 19, 2020   Summary of the Circular issued by MCA on 17/08/2020   Application for extension of AGM by Companies whose Financial Year ended on 31st March, 2020   MCA has clarified that companies whose Financial Year ended on 31st March, 2020 and could not hold its AGM by 30th September, 2020, even [...]

CAIRR Update August 14, 2020

By | 2020-08-14T13:09:30+00:00 August 14th, 2020||

August 14, 2020   Summary of the circular issued by SEBI on 13/08/2020      SEBI issues SOP for non-redressal of grievances by listed companies and handling of SCORES complaints by Stock Exchanges(SEs) w.e.f. 01/09/2020   Key highlights:   1.  Applicability of the circular: The procedures and actions specified for specified complaints such as non-receipt [...]

5Qs for Every Corporate Professional: CimplyFive’s 5Qs to Measure a Five-Star Chairperson

By | 2020-08-17T08:23:11+00:00 August 12th, 2020|Article|

Board of Directors set the tone for the quality of governance and business performance of a company. A key factor determining the effectiveness and efficiency of the board is the calibre and conduct of its chairperson which is reflected in how they conduct meetings. In my three decades experience of [...]

CAIRR Update August 10, 2020

By | 2020-08-10T13:42:41+00:00 August 10th, 2020||

August 10, 2020   Summary of the notification issued by IBBI on 07/08/2020   IBBI amends IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016   Key highlights of the notification are as follows:   1. Basis for Appointment of Authorised Representative(AR): The three IPs offered by the interim resolution professional for the financial creditors [...]

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 [...]

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