Independent thinking is desirable for an individual, but essential in a professional. As a Director or Key Managerial Personnel (KMP) of a company, this requirement to think independently is enshrined in law and at times is required to be documented. A latent requirement when the going is smooth, it shields [...]
July 20, 2020 Summary of the notification issued by SEBI on 17/07/2020 SEBI amends provisions with respect to Maintenance of Structured Digital Database by Listed Entities and inclusions to the Code of Conduct under SEBI's Insider Trading Regulations. Key highlights of the notification are as follows: 1. Structured Digital Database: The database [...]
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Many see Independent Directors (ID) as top honchos in the corporate world, with lucrative rewards and perks for the little time they expended in board meetings. Others who are acquainted with the darker side, view the role with trepidation; a job with hidden hazards that can expose an individual to [...]
July 08, 2020 Summary of the circular issued by MCA on 06/07/2020 MCA extends due date by another 60 days for filing of Form NFRA – 2 for FY 2018-19 to 04/09/2020 MCA vide this circular has extended the deadline for filing of Form NFRA – 2 from 210 days (vide its [...]
July 02, 2020 Summary of the notifications issued by SEBI and IBBI on 01/07/2020 and 30/06/2020 respectively 1. Amendment to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Following are the key highlights of the notification- in case of indirect acquisitions where public announcement is required to be made [...]
June 30, 2020 Summary of the notification issued by MCA on 29/06/2020 MCA amends Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 Through this amendment, application in Form STK 2 for removal of name of a Government company or its wholly-owned subsidiary under the Companies Act, 2013 [...]
June 29, 2020 Summary of the circular issued by SEBI on 26/06/2020 Further extension of relaxation from compliance with respect to time gap between two board / Audit Committee meetings of listed entities Through this circular, the Board of Directors and Audit Committee of the listed entity are exempted from observing [...]
June 26, 2020 Summary of the Circular issued by SEBI on 25/06/2020 Further Extension of deadline for submission of Annual Secretarial Compliance Report to 31/07/2020 SEBI has extended the deadline for submission of Annual Secretarial Compliance Report by Listed Entities to 31/07/2020 from its earlier relaxed deadline of 30/06/2020. (read more) [...]
June 25, 2020 Summary of the circular and notification issued by SEBI and MCA on 24/06/2020 and 23/06/2020 respectively. 1. Extension of deadline for Listed Entities for submission of financial results for the quarter/half year/financial year ending 31st March 2020 to 31/07/2020 due to the continuing impact of the CoVID-19 pandemic [...]
