CAIRR Update October 30, 2020

By | 2020-10-30T12:49:27+00:00 October 30th, 2020||

October 30, 2020 Summary of the circular and notification issued by IBBI and SEBI issued on 29/10/2020   Procedure to submit online application to the Board for initiating Corporate Insolvency Resolution Process (CIRP) under IBC,2016   Further to the amendments made to Rules 4, 6 and 7 of Insolvency and Bankruptcy (Application to Adjudicating [...]

CAIRR Update October 22, 2020

By | 2020-10-22T13:08:26+00:00 October 22nd, 2020||

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 [...]

CAIRR Update October 19, 2020

By | 2020-10-19T12:53:08+00:00 October 19th, 2020||

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 [...]

5Qs for Every Corporate Professional: CimplyFive’s 5Qs to ascertain if post COVID-19 Board Meeting Using VC facility is Effective

By | 2020-10-15T10:24:57+00:00 October 15th, 2020|Article|

Prior to the COVID-19 pandemic, board meetings through video conference facility meant one or two members attending through the Video Conference (VC) and the majority attending in person. Post March 2020, Board meeting through VC means almost all members attend through it. Given this change, there is a need to [...]

CAIRR Update October 14, 2020

By | 2020-10-14T13:59:19+00:00 October 14th, 2020||

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 [...]

CAIRR Update October 12, 2020

By | 2020-10-12T13:45:47+00:00 October 12th, 2020||

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 [...]

CAIRR Update October 09, 2020

By | 2020-10-09T13:43:28+00:00 October 9th, 2020||

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 [...]

CAIRR Update October 05, 2020

By | 2020-10-05T13:03:42+00:00 October 5th, 2020||

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 [...]

CAIRR Update September 30, 2020

By | 2020-10-09T13:42:19+00:00 September 30th, 2020||

September 30, 2020 Summary of the circular issued by MCA on 29/09/2020 MCA extends the deadline for creation of Deposit Repayment Reserve and Investment of specified amount of maturing debentures under the Companies Act, 2013 and its Rules to 31/12/2020 Through this circular, MCA has further extended the deadline already notified vide its General [...]

CAIRR Update September 29, 2020

By | 2020-09-29T17:54:15+00:00 September 29th, 2020||

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 [...]

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