CAIRR Update April 12, 2022

By | 2022-04-12T13:01:42+00:00 April 12th, 2022||

April 12, 2022 Summary of the amendments issued by SEBI, NSE and IBBI dated 08/04/2022 and 11/04/2022 SEBI amends provision related to asset/security cover under LODR Regulations. Through this notification, SEBI has replaced the term 'asset' with 'security' and requires the issuer of the secured non-convertible debt securities to ensure that the security shall [...]

CAIRR Update April 11, 2022

By | 2022-04-11T11:23:24+00:00 April 11th, 2022||

April 11, 2022 Summary of the circular and notification issued by SEBI and MCA on 08/04/2022 Clarification on validity of omnibus approvals for material related party transactions(RPTs) under LODR Regulations As per LODR regulations, omnibus approval for RPTs granted  by the audit committee shall be valid for a period not exceeding one year and [...]

CAIRR Update April 7, 2022

By | 2022-04-08T09:54:00+00:00 April 8th, 2022||

Summary of the notification issued by MCA on 06/04/2022 Personal Information in the Registers and Annual Returns to be unavailable for inspection under the Companies Act 2013 The following particulars in the registers, their indices or Annual Returns pertaining to the members of a company shall not be made available for inspection or for [...]

CAIRR Update April 6, 2022

By | 2022-04-06T13:05:10+00:00 April 6th, 2022||

April 06, 2022 Summary of the Circular and Notification issued by SEBI and IBBI dated 29/03/2022 and 05/04/2022 SEBI issues Operational guidelines for ‘Security and Covenant Monitoring’ using Distributed Ledger Technology (DLT) SEBI vide its circular dated 13/08/2021 introduced the DLT system w.e.f 01/04/2022 to record and monitor the security(ies) created and to monitor covenants [...]

CAIRR Update April 1, 2022

By | 2022-04-01T10:45:20+00:00 April 1st, 2022||

April 01, 2022 Summary of the notification issued by MCA on 31/03/2022 Extension of deadlines for filing of CSR-2 and implementation of accounting software with audit trail under Companies Act, 2013 MCA has extended the deadline for filing of form CSR- 2  for the preceding financial year (2020-2021) to 31/05/2022 (as against earlier deadline of 31/03/2022). It [...]

CAIRR Update March 31, 2022

By | 2022-03-31T11:04:01+00:00 March 31st, 2022||

March 31, 2022 Summary of the circular issued by SEBI on 30/03/2022 Clarification on requirement of Shareholders' approval for material RPTs under LODR Regulations, 2015 w.e.f 01/04/2022 SEBI vide its notification dated 09/11/2021 required that w.e.f April 1, 2022, all material related party transactions and subsequent material modifications shall require prior approval of the shareholders through [...]

CAIRR Update March 30, 2022

By | 2022-03-30T15:10:13+00:00 March 30th, 2022||

March 30, 2022   Summary of the notifications issued by MCA and IBBI on 23/03/2022 and 29/03/2022 respectively   MCA amends Companies (Indian Accounting Standards) Rules, 2015 w.e.f 01/04/2022 The following standards are amended to give effect to the Annual Improvements to IndAS (2021) and the Conceptual Framework for Financial Reporting under Indian Accounting Standards [...]

CAIRR Update March 23, 2022

By | 2022-03-23T10:32:07+00:00 March 23rd, 2022||

Summary of the circular issued by SEBI on 23/03/2022 Separation of roles of Chairperson and MD/CEO is now voluntary under LODR Regulations SEBI vide its notification dated 01/04/2019 mandated that the top 500 listed entities shall appoint separate and unrelated persons for the Chairperson and MD/CEO roles from 01/04/2022. Through this notification, SEBI has made [...]

5Qs for Every Corporate Professional: CimplyFive’s Five Qs to Ask to make Annual Compliance & Governance Stocktake Comprehensive & Effective

By | 2022-03-09T16:15:55+00:00 March 9th, 2022|Article|

March month not only marks the end of the financial year for most companies, but it is also the month when stock take for the year and plans for the next year are drawn up. The domain of compliance and governance is no exception, where the objective of stocktake and planning [...]

CAIRR Update March 08, 2022

By | 2022-03-08T11:29:43+00:00 March 8th, 2022||

Summary of the circular issued by SEBI on 07/03/2022 Amendments to System Driven Disclosure requirements under Takeover Code, 2011 w.e.f 01/07/2022 SEBI vide its notification dated 13/08/2021 amended Takeover Code doing away with disclosure requirement w.r.t encumbered shares where such encumbrance is undertaken in a depository. This circular prescribes list of transactions where manual disclosures [...]

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