Context: Preference shares is a financial instrument that answers a specific need of companies trying to raise finance but cannot or does not want to do it in the conventional way. The conventional method for a company to raise finance is by issuing equity shares that requires the investor to participate in the risk-reward [...]
April 24, 2020 Summary of the circular issued by SEBI on 23/04/2020 SEBI extends deadline for top 100 Listed Entities by market capitalization whose Financial Year (FY) ended on 31/12/2019 for holding Annual General Meetings (AGMs) to September 2020 In line with the MCA Circular No. 18/2020 dated 21/04/2020 extending due [...]
April 22, 2020 Summary of the circular issued by MCA on 21/04/2020 MCA extends deadline to Companies whose Financial Year (FY) ended on 31/12/2019 for holding Annual General Meetings (AGMs) by 3 months to September 2020 In line with the various relaxations provided by MCA due to CoVID-19 pandemic, it has now extended the [...]
Papers out, files in; replacement of hard copies with softcopies is a significant and necessary fallout of work from home. For company secretaries responsible for maintaining secretarial records, it is a critical choice, since a legally valid document is the only evidence of corporate decisions. Given its criticality, Rule 27 and [...]
April 21, 2020 Summary of the circular issued by NSE on 20/04/2020 1. NSE enables Debt Listed Entities to submit periodical compliance filings in XBRL mode In line with its efforts to eliminate redundancy and to facilitate ease in compliance filings for debt listed companies across multiple Stock Exchanges, NSE offers XBRL based reporting [...]
April 20, 2020 Summary of the circulars and notifications issued by NSE, SEBI and IBBI on 17/04/2020 1. Additional relaxations in compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR’) due to the COVID-19 pandemic Below is the summary of relaxations granted by SEBI under the [...]
Working from home is no longer a luxury enjoyed by a few, but a necessity for all, triggered by the lockdown imposed on our society due to the Covid-19 pandemic. Given this necessity, we have formulated five simple questions that enables you to assess the level of security that you [...]
April 09, 2020 Summary of the General Circular issued by MCA on 08/04/2020 1. MCA issues clarification on passing of ordinary and special resolutions by Companies under the Companies Act, 2013 and its Rules, due to CoVID-19 pandemic. In line with the various relaxations provided by the MCA to combat Corona Virus and ensure social distancing, MCA has issued [...]
March 31, 2020 Key highlights of Circulars issued by MCA on March 30, 2020 1. Companies Fresh Start Scheme, 2020 The Ministry of Corporate Affairs, has introduced the “Companies Fresh Start Scheme, 2020” which is a first of its kind opportunity to companies to make good any filing related defaults, including [...]
March 30, 2020 Summary of the memorandum, circular and notifications issued by MCA, SEBI and IBBI during 27/03/2020 – 29/03/2020 1. Designated fund to deposit CSR Contribution towards CoVID-19 Pandemic Further to the recent notification, which enabled any contribution to the fund set up by the Central Government in mitigating CoVID-19 [...]
