CAIRR Update February 11, 2022

By | 2022-02-11T10:52:30+00:00 February 11th, 2022||

February 11, 2022   Summary of the notification issued by IBBI on 09/02/2022     IBBI amends Corporate Insolvency Resolution Process(CIRP) Regulations Key highlights of the amendment are: 1. Meeting of the Committee: a. Resolution Professional (RP) may convene a meeting of the committee at the request of members representing at least 30% of the [...]

5Qs for Every Corporate Professional: CimplyFive’s Five Qs to Separate Governance from Management

By | 2022-02-03T09:20:43+00:00 February 3rd, 2022|Article|

Separating governance and management is essential for effective and efficient functioning of companies. While the Board of Directors are responsible for Governance, the CXO leadership team is responsible for management. Where Executive Directors are members of both the Board and the CXO leadership or where non-executive directors are or were [...]

CAIRR Update January 27, 2022

By | 2022-01-27T10:37:37+00:00 January 27th, 2022||

January 27, 2022 Summary of the circular issued by SEBI on 25/01/2022 Operational procedure to be followed by Listed Entities/RTA in case of issuance of securities in Demat mode. To enhance the ease of dealing in securities markets by investors, SEBI vide its notification dated 24/01/2022 mandated listed entities to issue securities in Demat [...]

5Qs for Every Corporate Professional: CimplyFive’s Five Qs to Answer while initiating Voluntary Governance Practices

By | 2022-01-25T12:33:59+00:00 January 25th, 2022|Article|

The launch of a voluntary governance code by NSE for Indian corporates under the banner “NSE Prime” is a laudable initiative, which we believe is in the right direction, as good governance at its core is ethically inspired and based on voluntary compliance with both the stated and unstated needs [...]

CAIRR Update January 25, 2022

By | 2022-01-25T11:15:34+00:00 January 25th, 2022||

January 25, 2022 Summary of the notification issued by SEBI on 24/01/2022 SEBI amends LODR regulations Key highlights of the amendment are as follows: 1. Board of Director/Manager appointment: Shareholders’ approval is required for appointment of ‘a manager’ at the next general meeting or within 3 months from the appointment date, whichever is earlier. Further, [...]

CAIRR Update January 10, 2022

By | 2022-01-13T11:28:59+00:00 January 13th, 2022||

January 10, 2022     Summary of the circular issued by SEBI on 07/01/2022     Applicability of RPT disclosures to High Value Debt Listed Entities SEBI, vide its circular dated 22/11/2021, had prescribed the information to be furnished by the listed entity for Audit Committee’s review, shareholders’ consideration and had also notified the format of [...]

CAIRR Update January 13, 2022

By | 2022-01-13T11:36:58+00:00 January 13th, 2022||

January 13, 2022 Summary of the notifications issued by MCA on 11/01/2022 Higher Additional Fees in case of delayed filing of certain forms from 1st July, 2022 MCA has notified the amount of additional fees,  which is upto 6 times higher over the standard additional fees and which shall be payable if there is a [...]

CAIRR Update December 02, 2021

By | 2022-01-03T10:52:46+00:00 January 3rd, 2022||

December 2, 2021   Summary of the guidelines issued by IBBI on 01/12/2021   IBBI notifies Insolvency Professionals (IPs) to act as Interim Resolution Professionals (IRP), Liquidators, Resolution Professionals (RP) and Bankruptcy Trustees (BT) (Recommendation) (Second) Guidelines, 2021 with effect from 01/01/2022 IB Code, 2016 and its Rules requires the Board to recommend the [...]

CAIRR Update December 31, 2021

By | 2021-12-31T11:50:35+00:00 December 31st, 2021||

December 31, 2021 Summary of the notification issued by MCA on 28/12/2021 Procedure for purchase of minority shares from the IEPF under IEPFA (Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 The criteria and manner of transfer of shares by the IEPF to the Company upon the receipt of [...]

CAIRR Update December 30, 2021

By | 2021-12-30T12:12:32+00:00 December 30th, 2021||

December 30, 2021   Summary of the Circulars issued by MCA and SEBI on 29/12/2021   Extension of timeline for Additional Fee waiver towards filing of e-forms relating to Financial Statements and Annual Return for the FY 2020-21 upto 15/02/2022 and 28/02/2022 respectively MCA has waived off the additional fee payable on filing of e-Forms AOC-4/AOC-4 (CFS)/AOC-4 XBRL [...]

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