CAIRR Update January 28, 2020

By | 2020-01-28T14:37:21+00:00 January 28th, 2020||

January 28, 2020   Summary of circular issued by BSE on 27/01/2020 1. BSE informs all listed Companies to update information through a separate Management Details section under BSE Listing Centre in addition to Corporate Announcements:   BSE vide its circular dated January 27, 2020 has directed that Information regarding Statutory Auditor and Secretarial Auditor [...]

CAIRR Update January 23, 2020

By | 2020-01-23T18:31:18+00:00 January 23rd, 2020||

January 23, 2020   Summary of circulars issued by SEBI and IBBI on 22/01/2020 1. SEBI notifies revised penalty rates and Standard Operating Procedure (SOP) for suspension and revocation of trading of specified securities for non-compliance by listed entities under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015   Pursuant to the amendments to Listing [...]

CAIRR Update January 21, 2020

By | 2020-01-21T12:23:32+00:00 January 21st, 2020||

January 21, 2020 Summary of the circular issued by IBBI on 20/01/2020 1. IBBI notifies the details of the Scheduled Bank account for liquidators to deposit any unclaimed dividend and / or undistributed proceeds of voluntary liquidation process under Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017:   In line with the [...]

CAIRR Update January 20, 2020

By | 2020-01-20T11:52:08+00:00 January 20th, 2020||

January 20, 2020 Summary of the circular issued by SEBI on 17/01/2020  1. Listed entities to submit to Stock Exchange a Statement indicating Deviation or Variation in the use of proceeds of issue of listed non-convertible debt securities or listed non-convertible redeemable preference shares (NCRPs) on half-yearly basis:   Through this circular, SEBI requires listed [...]

CAIRR Update January 16, 2020

By | 2020-01-16T14:56:28+00:00 January 16th, 2020||

January 16, 2020 Summary of Notifications issued on January 9, 2020 and January 15, 2020 are detailed below: 1. The Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and members) Amendment Rules, 2020:   IBBI by this notification has amended the tenure of service of part-time [...]

CAIRR Update January 14, 2020

By | 2020-01-14T11:32:10+00:00 January 14th, 2020||

January 14, 2020 Summary of Notification in SEBI (LODR) Regulations, 2015 issued on January 13, 2020 is detailed below:  1. The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2020:   SEBI (LODR) (Amendment) Regulations, 2018 modified Regulation 17 by including clause 1B which requires, from April 1, 2020, the top 500 listed entities to ensure “that [...]

CAIRR Update January 10, 2020

By | 2020-01-10T12:40:23+00:00 January 10th, 2020||

January 10, 2020 Summary of Circular in IB Code, 2016 issued on 09.01.2020 is detailed below:  1. Circular on deposit of unclaimed dividends and /or undistributed proceeds of liquidation process as per Regulation 46(1) of the IBBI (Liquidation Process) Regulations 2016:   Proviso to Regulation 46(1) provides that IBBI shall open a ‘separate bank account’ with a scheduled bank [...]

CAIRR Update January 07, 2020

By | 2020-01-07T12:06:11+00:00 January 7th, 2020||

January 07, 2020  Summary of notifications issued by MCA and IBBI on 03/01/2020 and 06/01/2020 respectively. 1. MCA notifies amendment on increase in paid-up share capital threshold for appointment of Company Secretary and insertion of a criteria for conducting Secretarial Audit by Companies MCA has amended Rule 8A (Appointment of Company Secretaries in companies not [...]

CAIRR Update January 02, 2020

By | 2020-01-02T11:23:51+00:00 January 2nd, 2020||

Summary of circular issued by MCA on 01/01/2020 is provided below: 1. MCA Circular to extend the last date to March 31, 2020 to file Form BEN-2 on receiving declaration from Significant Beneficial Owners of the Company   MCA has further extended the time limit from December 31, 2019 to March 31, 2020 without payment [...]

CAIRR Update December 31, 2019

By | 2019-12-31T11:31:36+00:00 December 31st, 2019||

December 31, 2019 Summary of Circular issued by MCA on 30/12/2019  1. Extension of deadline for filing of Cost Audit Report with the Central Government   MCA has extended the deadline for filing of Form CRA-4 (Form for filing Cost Audit Report with the Central Government), from 31/12/2019 to 29/02/2020, for all the eligible companies that are required [...]

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