Summary of the notifications issued by IBBI on 16/09/2022 IBBI amends CIRP Regulations Key highlights of the amendment are as follows: 1. Opening of a separate email account: The interim resolution professional (IRP) shall open an email account and use it for all correspondences with stakeholders and in the event of his replacement by another resolution [...]
September 16, 2022 Summary of the notification issued by MCA on 15/09/2022 Central Government revises the prescribed maximum share-capital and Turnover for a Small Company A Small Company is now defined as a company, other than a public company,— (i) paid-up share capital of which does not exceed Rs 4 crore (as against Rs 2 [...]
Summary of the notifications issued by IBBI on 13/09/2022 IBBI prescribes minimum fees and performance incentive for Interim Resolution Professionals(IRPs)/Resolution Professionals(RPs) under CIRP Regulations IBBI has notified the defined fee structure payable to IRPs and RPs who are appointed on or after 1st October 2022. It constitutes- 1. Minimum fixed fee payable every month, based on the [...]
August 30, 2022 Summary of the Notifications issued by MCA dated 29/08/2022. MCA issues Notification to amend Companies (Registration of Charges) Rules, 2014 MCA has issued Companies (Registration of Charges) Second Amendment Rules, 2022 to further amend Companies (Registration of Charges) Rules, 2014. Key highlights of the Notification are: The Form CHG-1, CHG-4, CHG-8 [...]
August 29, 2022 Summary of the notification issued by MCA on 24/08/2022 MCA amend formats of notices with respect to Removal of Names of Companies MCA has recently notified the procedure for Verification of Registered Office of the Company, where the Registrar has reasonable cause to believe that the company is not [...]
August 22, 2022 Summary of the Notification issued by MCA on 18/08/2022 MCA notifies procedure for Verification of Registered Office of the Company under Companies (Incorporation) Rules, 2014 As per Rule 25 B, the Registrar shall visit the registered office of the company to physically verify its address if it has reasonable cause to [...]
August 08, 2022 Summary of the circular issued by SEBI on 05/08/2022 SEBI issues Circular for Trading Window closure period under Clause 4 of Schedule B read with Regulation 9 of SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”) – Framework for restricting trading by Designated Persons (“DPs”) by freezing PAN at security [...]
August 03, 2022 Summary of the circulars issued by BSE and NSE on 01/08/2022 and 02/08/2022 respectively Use of Digital Signature Certificate (DSCs) is made mandatory for filing of intimations by listed companies with effect from 01/09/2022 In the light of Covid- 19 pandemic, SEBI had permitted listed companies to use DSCs for authentication/certification [...]
August 01, 2022 Summary of the Circular issued by SEBI and Guidance Note issued by BSE dated 29/07/2022 SEBI issues Operational Circular for listing obligations and disclosure requirements for Non-convertible Securities, Securitized Debt Instruments and/ or Commercial Paper SEBI vide its circular dated 29/07/2022, for effective regulation of the corporate bond market and to enable [...]
July 29, 2022 Summary of the Circular issued by MCA on 26/07/2022 Spending on 'Har Ghar Tiranga' campaign is as an eligible CSR expenditure MCA has issued a circular notifying that the amounts spent by the companies on activities related to the 'Har Ghar Tiranga' campaign, such as mass scale production and supply of the [...]