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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
