Board of Directors set the tone for the quality of governance and business performance of a company. A key factor determining the effectiveness and efficiency of the board is the calibre and conduct of its chairperson which is reflected in how they conduct meetings. In my three decades experience of [...]
August 10, 2020 Summary of the notification issued by IBBI on 07/08/2020 IBBI amends IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 Key highlights of the notification are as follows: 1. Basis for Appointment of Authorised Representative(AR): The three IPs offered by the interim resolution professional for the financial creditors [...]
August 07, 2020 Summary of the notification issued by SEBI on 05/08/2020 SEBI amends norms pertaining to intimation of Record Date to Stock Exchanges under LODR Regulations Under the revised regulation, a Listed Entity has to now intimate the Record Date with respect to the events such as declaration of dividend,rights/bonus [...]
August 06, 2020 Summary of the notifications issued by IBBI on 05/08/2020 IBBI amends Liquidation Process and Voluntary Liquidation Process regulations under IBC, 2016 S. No. Amended Regulation Summary of the Amendment 1. Regulation 4(2)(b) of IBBI (Liquidation Process) Regulations, 2016 On realization of any amount by the liquidator who doesn’t distribute the same, [...]
August 04, 2020 Summary of the Circular issued by MCA on 03/08/2020 Extension of Relaxation with respect to Dispatch of Notice towards Rights Issue under Companies Act, 2013 by Listed Entities for Rights Issue opening upto 31/12/2020 MCA has extended the relaxation granted for the Listed Companies raising funds via Rights Issue [...]
August 03, 2020 Summary of the circulars issued by SEBI on 31/07/2020 1. SEBI clarifies that investors with physical securities are allowed to tender shares in buybacks, open offers and delisting of securities. SEBI clarifies that shareholders holding securities in physical form are allowed to tender shares in open offers, buy-backs through tender [...]
July 31, 2020 Summary of the rules notified by MCA on 28 July 2020 National Company Law Tribunal and National Company Law Appellate Tribunal (Procedure for investigation of misbehaviour or incapacity of Chairperson, President, and other Members) Rules, 2020 Through this notification, the Ministry of Corporate Affairs has notified rules for investigating complaints against [...]
July 30, 2020 Summary of the circular issued by SEBI on 29/07/2020 Extension of deadline for the Listed Entities towards submission of financial results for the quarter/half year/financial year ended 30/06/2020 to 15/09/2020 SEBI has extended the timeline for submission of financial results under Regulation 33 of the LODR Regulations, for the [...]
July 28, 2020 Summary of the circular issued by SEBI on 27/07/2020 SEBI further extends the relaxation relating to procedural matters on Takeovers and Buy-back due to CoVID-19 pandemic pertaining to open offers and buy-back tender offers opening upto December 31, 2020 Through this circular, SEBI has extended the relaxations granted [...]
July 27, 2020 Summary of the notification issued by MCA on 24/07/2020 MCA amends Companies (Indian Accounting Standards) Rules, 2015 Through this notification, MCA has amended the following accounting standards- Ind AS 1 on Presentation of financial statements, Ind AS 8 on Accounting policies, changes in accounting estimates and errors, Ind AS 10 on Events after the reporting [...]
