CAIRR Update July 8, 2022

By | 2022-07-08T13:12:17+00:00 July 8th, 2022||

July 08, 2022 Summary of the circular issued by NSE on 07/07/2022 NSE issues guidance note on disclosure of complaints in Investor Complaints Report Regulation 13(3) of LODR Regulations requires a listed entity to file a statement indicating the number of investor complaints pending at the beginning of the quarter, those received during the quarter, [...]

CAIRR Update July 5, 2022

By | 2022-07-28T10:24:25+00:00 July 5th, 2022||

Summary of circulars issued by the Stock Exchanges and Notifications issued by IBBI on 04/07/2022. 1. BSE and NSE have issued circulars directing debt/equity listed entities to disseminate the following on their website: All disclosures, under Regulation 46 and 62 of Listing Regulations to be under a separate section as mentioned below: Home > [...]

CAIRR Update July 1, 2022

By | 2022-07-01T11:44:35+00:00 July 1st, 2022||

July 01, 2022 Summary of the circular issued by SEBI on 30/06/2022 SEBI amends disclosure format w.r.t public shareholding of specified securities w.e.f quarter ending 30/09/2022 Key Highlight of the revised format are as follows: 1. The names of the public shareholders holding 1% or more than 1% of shares of the listed entity should [...]

CAIRR Update June 16, 2022

By | 2022-06-16T10:27:29+00:00 June 16th, 2022||

June 16, 2022 Summary of the circular issued by IBBI on 15/06/2022 Procedural requirements to be adhered to by an Information Utility with respect to Corporate Insolvency Resolution Process An Information Utility (IU), upon receipt of the CIRP application (whether filed by Financial Creditor/Operational Creditor/Corporate Debtor) from the Board, shall carry out the following [...]

CAIRR Update June 15, 2022

By | 2022-06-15T12:28:11+00:00 June 15th, 2022||

June 15, 2022 Summary of the notifications issued by IBBI on 14/06/2022 IBBI amends procedure for issuing of Record of Default under Information Utilities regulations. IBBI now requires the creditor to file the information of default with the information utility, prior to filing a CIRP application, so that the information utility shall process the [...]

CAIRR Update June 13, 2022

By | 2022-06-15T09:50:22+00:00 June 13th, 2022||

June 13, 2022 Summary of the notification issued by MCA on 10/06/2022 Procedure for Restoration of Name in the Data Bank by the Independent Director under Companies Act, 2013 Any individual desirous of being appointed as an Independent Director is required to pass an online proficiency self-assessment test conducted by the Institute ('IICA') within [...]

CAIRR Update June 10, 2022

By | 2022-06-13T14:22:05+00:00 June 13th, 2022||

June 10, 2022 Summary of the notification issued by MCA on 09/06/2022 MCA notifies re-submission timelines w.r.t application filed for removal of name of company under Companies Act, 2013 A company which intends to have its name removed under Section 248(2) of the Companies Act, 2013 shall file the application in Form STK-2. MCA [...]

CAIRR Update June 08, 2022

By | 2022-06-09T11:04:19+00:00 June 9th, 2022||

June 08, 2022 Summary of the circular issued by NSE on 07/06/2022 Disclosures pertaining to Corporate Insolvency Resolution Process(CIRP) and loans/borrowings from banks/FIs to be filed in the new digital portal of NSE NSE has notified that the necessary intimations w.r.t: - the various stages of Corporate Insolvency Resolution Process (CIRP) such as Admission of [...]

CAIRR Update June 02, 2022

By | 2022-06-02T12:07:33+00:00 June 2nd, 2022||

June 02, 2022 Summary of the notification issued by MCA on 01/06/2022 Security Clearance from the Government is a pre-requisite before appointment of a director in certain cases Where the person seeking appointment as a director in an Indian Company is a national of a country which shares land border with India, he/she shall [...]

CAIRR Update June 01, 2022

By | 2022-06-01T10:50:12+00:00 June 1st, 2022||

June 01, 2022 Summary of the notification issued by MCA on 31/05/2022 Extension of the deadline for filing of CSR-2 under Companies Act, 2013 MCA has extended the deadline for filing of form CSR- 2 for the preceding financial year (2020-2021) to 30/06/2022 (as against the earlier extended deadline of 31/05/2022). Further, MCA now requires that  [...]

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