May 21, 2020 Summary of the circular issued by SEBI on 20/05/2020 1. SEBI issues advisory on disclosure of material impact of CoVID–19 pandemic on listed entities under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR’) Through this advisory, SEBI has emphasized the need for listed entities to ensure the [...]
May 15, 2020 Summary of the Circulars issued by SEBI on 14/05/2020 1. SEBI relaxes applicability of SEBI Circular dated October 10, 2017 on non-compliance with the Minimum Public Shareholding (MPS) requirements Through this circular, SEBI has relaxed the applicability of its earlier circular dated 10/10/2017, which laid down the procedure to [...]
The quality of governance depends on the ethics of the people at the helm of affairs. Hence the subject of governance is linked with ethics and not morals or law and is rightly called Ethics & Governance. In its essence, governance is the collection of systems, processes and methods for [...]
May 13, 2020 Summary of the circular and order issued by SEBI and NCLT on 12/05/2020 1. Additional relaxation in relation to compliance with certain provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 due to Covid-19 pandemic Following is the summary of relaxations granted by SEBI - Regulation Relaxation [...]
May 12, 2020 Summary of the circular issued by MCA on 11/05/2020 Relaxation with respect to Dispatch of Notice towards Rights Issue under Companies Act, 2013 by Listed Entities for Rights Issue opening upto 31/07/2020 In line with various procedural relaxations granted by SEBI with respect to Rights Issue opening upto [...]
May 06, 2020 Summary of the circular issued by MCA on 05/05/2020 1. MCA allows Companies to conduct Annual General Meetings(AGMs) for the calendar year 2020 through Video Conferencing facility due to CoVID-19 pandemic Through this circular, MCA has permitted Companies to hold AGMs for the calendar year 2020 though electronic [...]
May 04, 2020 Summary of the circular issued by MCA on 30/04/2020 1. MCA extends due date by 60 days for filing form NFRA – 2 for FY 2018-19 to 06/07/2020 MCA vide this circular has extended the deadline for filing form NFRA – 2 from 150 days to 210 days [...]
April 30, 2020 Summary of the notification issued by MCA on 29/04/2020 Extension of deadline for Independent Directors to get themselves registered with the Data Bank from April 30, 2020 to June 2020. Through this notification, MCA has extended the deadline for those individuals who were acting in the capacity of Independent Directors [...]
Triggered by the lockdown imposed on our society due to the Covid-19 pandemic, onsite activities like even the secretarial audit, with a higher sanctity, have moved online. Secretarial Auditors, given their statutory position, need to examine and verify original secretarial records. Given the shift from onsite audit to online audit, what meets the criteria of [...]
(This article is the second of a trilogy that traces the origin of the three elements of financial statements, the balance sheet, the profit and loss account and the cash flow statement) Financial Statements consisting of the three- Balance Sheet, Profit and Loss Account and the Cash Flow Statements, form the core segment of [...]
