CAIRR Update 09 September, 2019

Summary of Notification and Circular in the Companies Act, 2013 and the IBBI Code, 2016 issued on 05/09/2019 and 07/09/2019 respectively are listed below: The National Financial Reporting Authority (Amendment) Rules, 2019: Explanation to Rule 3(1) (c) has been inserted wherein the definition of Banking Company would now include ‘corresponding new bank’ under Banking [...]

By | 2019-09-09T14:18:45+00:00 September 9th, 2019||0 Comments

CAIRR update 30 August, 2019

Summary of notifications in the Companies Act, 2013 issued on 28.08.2019 are listed below: Designation of Special Court for Pune, Ahmednagar, Kolhapur, Solapur, Satara, Sangli, Ratnagiri and Sindhudurg districts of the State of Maharashtra: The Central Government with the concurrence of the Chief Justice of the High Court, Bombay has designated ‘Court of District [...]

By | 2019-08-30T12:02:50+00:00 August 30th, 2019||0 Comments

CAIRR update 29 Aug, 2019

Summary of Notification in the Companies Act, 2013 issued on 28/08/2019 is provided below: The companies (Incorporation) Seventh Amendment Rules, 2019: Through this notification, Form RD-1 (Form for filing application to Regional Director) and Form RD GNL-5 (Form for filing addendum for rectification of defects or completeness) provided for in the Companies (Incorporation) Rules, 2014 are [...]

By | 2019-08-29T11:44:34+00:00 August 29th, 2019||0 Comments

CAIRR update 22 Aug, 2019

Summary of Circular for Companies Act, 2013 issued on 21/08/2019 is listed below: MCA Circular on clarification under section 232(6) of the Companies Act, 2013: Through this Circular, the Ministry has clarified the ‘appointed date’ under the scheme of merger and amalgamation of the companies, could be calendar date or may be tied to [...]

By | 2019-08-22T12:03:44+00:00 August 22nd, 2019||0 Comments

CAIRR update 19 Aug, 2019

Summary of Notifications in the Companies Act, 2013 and IBBI Code, 2016 are listed below: IEPFA (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2019 w.e.f., 20.08.2019 except for rule 6(i),(iv),(v),(vi),(vii),(viii) effective from on 20.09.2019- issued on 14.08.2019: i. Rule 5 is amended, wherein companies which have transferred any amount to IEPF under the [...]

By | 2019-08-19T15:07:10+00:00 August 19th, 2019||0 Comments

CAIRR update 16 Aug, 2019

Summary of notification and Circular in the Companies Act, 2013 and IBBI Code, 2016 issued on 14/08/2019 respectively are listed below: The Companies Amendment Act, 2019: MCA with reference to the Companies Act, 2013 dated 31/07/2019 notifies that the sections 6, 7 and 8, clauses (i), (iii) and clause (iv) of section 14, sections [...]

By | 2019-08-16T12:31:08+00:00 August 16th, 2019||0 Comments

CAIRR update 14 Aug, 2019

Summary of Circular in IBBI Code, 2016 issued on 13/8/2019 is listed below: Valuation under the Insolvency and Bankruptcy Code, 2016: Appointment of Registered Valuer: a. The Board has clarified that appointment of any person as a registered valuer other than a valuer registered under Companies (Registered Valuers and Valuation) Rules, 2017 to conduct [...]

By | 2019-08-14T11:02:14+00:00 August 14th, 2019||0 Comments

CAIRR update 09 Aug, 2019

Summary of the IBBI Code (Amendment) Act, 2019 issued on 05/08/2019 is listed below: The Insolvency and Bankruptcy Code (Amendment) Act, 2019: Ministry of law and Justice has issued the Insolvency and Bankruptcy Code (Amendment) Act, 2019 wherein eight sections are amended, as detailed: The Corporate insolvency resolutions process mandatorily must be completed within [...]

By | 2019-08-09T14:05:15+00:00 August 9th, 2019||0 Comments

CAIRR Update 08 Aug, 2019

Summary of Circular issued by SEBI under SEBI (SAST) Regulations, 2011 dated 07/08/2019 is listed below: Circular on Disclosure of reasons for encumbrance by promoter of listed companies w.e.f., 01/10/2019: To bring in more transparency, SEBI directs the Promoters of every listed company to specifically disclose within 2 working days the detailed reasons for [...]

By | 2019-08-08T11:46:32+00:00 August 8th, 2019||0 Comments

CAIRR update Aug 07, 2019

Summary of Guidelines and administrative changes in IBBI Code, 2016 issued on 06/8/2019 and 02/08/2019 respectively are listed below: IBBI (Continuing Professional Education for Insolvency Professionals) Guidelines, 2019 w.e.f., 1st January 2020: The Board has mandated Continuous Professional Education (CPE) for an Insolvency Professional (IP) to maintain and upgrade his professional knowledge and skills, [...]

By | 2019-08-07T12:52:47+00:00 August 7th, 2019||0 Comments
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