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CAIRR Update June 25, 2021

Summary of the notification issued by MCA on 23/06/2021 MCA enhances the threshold limits of Small and Medium Sized Companies(SMCs) for the purposes of applicability of Accounting Standards with effect from accounting periods starting on or after 01/04/2021 As a measure to improve the ease of doing business, MCA has introduced Companies (Accounting Standards) [...]

By | 2021-06-25T10:34:02+00:00 June 25th, 2021|ca2013.com|0 Comments

CAIRR Update June 21, 2021

 Summary of the notifications issued by MCA on 18/06/2021 MCA amends provision related to chargeability of fee w.r.t databank registration by Independent Directors(IDs) under the Companies Act, 2013 and its Rules Through this notification, MCA authorizes Indian Institute of Corporate Affairs, which is the Institute that creates and maintains the data bank of the IDs as required [...]

By | 2021-06-21T11:20:08+00:00 June 21st, 2021|ca2013.com|0 Comments

CAIRR Update June 16, 2021

Summary of the circular issued by SEBI on 16/06/2021 Applicability of System Driven Disclosures to listed Debt Securities issued by Equity listed companies under SEBI (PIT) Regulations, 2015 SEBI has notified the applicability of System Driven Disclosures (SDD) under SEBI (Prohibition of Insider Trading) Regulations, 2015 to listed Debt Securities issued by Equity Listed [...]

By | 2021-06-17T11:23:20+00:00 June 16th, 2021|ca2013.com|0 Comments

CAIRR Update June 10, 2021

Summary of the notification issued by MCA on 09/06/2021   MCA notifies manner of transfer of shares held by the Significant Beneficial Owners under Section 90(9) the Companies Act, 2013 to IEPF. Through this notification, MCA has amended IEPFA (Accounting, Audit, Transfer and Refund) Rules, 2016, to prescribe detailed procedure with respect to manner [...]

By | 2021-06-11T09:26:35+00:00 June 11th, 2021|ca2013.com|0 Comments

CAIRR Update June 08, 2021

MCA facilitates obtaining Shops and Establishment Registration at the time of application of incorporation of a company under the Companies Act, 2013 using Form AGILE-PRO-S Through this notification, MCA has facilitated the entities applying for incorporation of a company to avail the option to get itself registered under Shops and Establishment Act using Form [...]

By | 2021-06-08T10:52:30+00:00 June 8th, 2021|ca2013.com|0 Comments

CAIRR Update June 02, 2021

IBBI notifies Insolvency Professionals (IPs) to act as Interim Resolution Professionals (IRP), Liquidators, Resolution Professionals (RP) and Bankruptcy Trustees (BT) (Recommendation) Guidelines, 2021 with effect from 01/07/2021 IB Code, 2016 and its Rules requires the Board to recommend the name of an IP for appointment as IRPs, Liquidators, RP and BT under various sections for [...]

By | 2021-06-02T10:42:08+00:00 June 2nd, 2021|ca2013.com|0 Comments

CAIRR Update June 01, 2021

Listed Entities to submit disclosures on Loans, Guarantees etc issued to Promoters/Promoter Groups etc. in Corporate Governance Report on a half-yearly basis under LODR Regulations, 2015 from the FY 2021-22 With an intent to bring in improved transparency, SEBI requires Listed Entities to provide disclosures on loans/ guarantees/comfort letters/ security issued directly or indirectly [...]

By | 2021-06-01T10:16:46+00:00 June 1st, 2021|ca2013.com|0 Comments

CAIRR Update May 21, 2021

MCA issues clarification on offsetting the excess CSR amount spent for FY 2019-20 under the Companies Act, 2013 and its Rules. Further to the representations made by Indian Corporates, MCA has clarified that any excess amount or part thereof can be offset against the requirement to spend under section 135(5) for FY 2020-21, if a [...]

By | 2021-05-21T13:53:01+00:00 May 21st, 2021|ca2013.com|0 Comments

CAIRR Update May 11, 2021

May 11, 2021 Summary of the circular issued by SEBI on 10/05/2021   Business Responsibility and Sustainability Reporting by listed entities under LODR Regulation, 2015 Further to the recent amendment to LODR, 2015 vide SEBI Circular dated 05/05/2021on Business Responsibility Reporting (BRR), SEBI has now notified the format and guidance note, which details out [...]

By | 2021-05-11T12:34:07+00:00 May 11th, 2021|ca2013.com|0 Comments

CAIRR Update May 06, 2021

Summary of the circular issued by MCA on 05/05/2021    Clarification on eligible CSR activities under Companies Act, 2013 in light of COVID pandemic Through this circular, MCA has clarified that creation of health infrastructure for COVID care, establishment of medical oxygen generation and storage plants, manufacturing and supply of Oxygen concentrators, ventilators, cylinders and [...]

By | 2021-05-06T14:54:54+00:00 May 6th, 2021|ca2013.com|0 Comments
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