The role of the Board of Directors (Board) in shaping the development of a corporation is multifaceted and covers among others governance, business, and the culture in the organisation. For listed companies in India, there is regulatory requirement on what is the desired composition of the Board, which includes among [...]
December 09, 2021 Summary of the circulars issued by MCA on 08/12/2021 EGMs and AGMs under Companies Act, 2013 can be conducted through Video Conferencing till 30/06/2022 MCA has notified that Extra-Ordinary General Meeting (‘EGM’) and Annual General Meeting (‘AGM’) due to be conducted in the year 2021, can be done through VC/OAVM till [...]
December 07, 2021 Summary of the notification issued by SEBI on 06/12/2021 SEBI amends Delisting provision under Takeover Code. Further to the recent amendment to regulations on Delisting of Equity Shares, SEBI has revised the procedure for making the delisting offer by the acquirer under the Takeover Code. Key Highlights of the notification are: [...]
November 23, 2021 Summary of the Circular issued by 22/11/2021 Information to be furnished by the Listed Entity to Audit Committee and Shareholders for approval/consideration of Related Party Transactions (RPTs) w.e.f 01/04/2022 Further to recent amendment to RPT provisions of LODR, SEBI has prescribed the information to be furnished by the listed entity for review [...]
November 17, 2021 Summary of the circular issued by SEBI on 16/11/2021 Additional requirements to be fulfilled by Listed Entities w.r.t filing a Scheme of Arrangement under Listing Regulations SEBI requires the listed entity to submit the following documents with the Stock Exchange (SE), in addition to the ones prescribed in its circular dated [...]
November 11, 2021 Summary of the notification issued by SEBI on 09/11/2021 SEBI notifies stringent norms for Related Party Transactions under LODR Regulations, 2015 with effect from 1st April 2022 (unless otherwise mentioned) The key highlights of the amendment are as follows: 1. The term “Related Party” is widened to include: a. Any person or entity [...]
November 10, 2021 Summary of the notification issued by MCA on 09/11/2021 MCA amends Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 The key highlights of the amendment are as follows: 1. To ease the procedural compliance with respect to filing of supporting documents such as succession certificate/will/letter [...]
A brief history of corporate governance over the last five hundred years can be concisely encapsulated in three key developments: independent directors as the epitome of fiduciary responsibilities, disclose or abstain principle to eradicate insider trading, and dishonesty being filtered out through stringent approval processes and disclosures of related party [...]
November 02, 2021 Summary of the Circular issued by BSE on 01/11/2021 Standard Operating Procedure (SOP)for the listed entities in filing application for Scheme of Arrangements under LODR Regulations, 2015 BSE has issued Standard Operating Procedure (SOP) to be followed by the entities listed with it in filing application for Scheme of Arrangements under [...]
October 29, 2021 Summary of the circulars issued by MCA on 29/10/2021 No additional fee payable for filing of e-forms relating to Annual Return and Financial Statements for the FY 2020-21 upto 31st December, 2021 MCA has waived off the additional fee payable on e-Forms AOC-4/AOC-4 (CFS)/AOC-4 XBRL and MGT-7/MGT-7A for the FY 2020-21 upto 31/12/2021. (Read [...]
