Legal Updates

Notification under Section 465 of Companies Act, 2013

As per the notification dated 30th January, 2019, Central Government has appointed 30th January, 2019 as the date on which the provisions of Section 465 of the Companies Act, 2013 relating to the repeal of Companies Act, 1956 shall come into force. However, exception has been provided related to the repeal of Registration of Companies… Read More

eForm INC.20A (Declaration for commencement of business) available on MCA21 w.e.f 26th January 2019.

MCA has made available eForm INC.20A for Declaration for commencement of business, will be available on MCA21 Company Forms Download page w.e.f 26th January 2019. The Form shall be filed by all the Companies incorporated on or after 2nd November, 2018, within 180 days from the date of its incorporation. Read More

RBI announces the New External Commercial Borrowings (ECB) Framework

RBI announces the New External Commercial Borrowings (ECB) Framework January 16, 2019 As part of the on-going efforts at rationalising multiple regulations framed under FEMA 1999 over a period of time, the regulations governing all types of borrowing and lending transactions between a person resident in India and a person resident outside India, both in… Read More

The Companies (Amendment) Ordinance, 2019

MINISTRY OF LAW AND JUSTICE (Legislative Department)  New Delhi, the 12th January, 2019/Pausha 22, 1940 (Saka) THE COMPANIES (AMENDMENT) ORDINANCE, 2019  NO. 3 OF 2019 Promulgated by the President in the Sixty-ninth Year of the Republic of India. An Ordinance further to amend the Companies Act, 2013. WHEREAS  the Companies (Amendment) Ordinance, 2018 was promulgated by… Read More

Delegation of powers vested under first proviso to section 2(41) and second proviso to section 14 (1) to Regional Directors

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 18th December, 2018 S.O. 6225 (E) In exercise of the powers conferred by section 458 of the Companies Act, 2013 (18 of 2013), the Central Government hereby delegates to the Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad and Shillong, the powers and functions vested… Read More

Companies (Incorporation) Fourth Amendment Rules_19122018

In exercise of the powers conferred by clause (41) of section 2, section 3, sub-section (1) of section 7, section 10A, section 14 and sub-sections (1.) and (2) of section 469 of the companies Act,2013 (18 of 2013), the Central Government hereby notifies Companies (Incorporation) Fourth Amendment Rules, 2018 vide notification 18th December, 2018 to amend the… Read More

Companies (Registration of Charges) Second Amendment Rules, 2018

In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby amend form CHG-4 by the Companies (Registration of Charges) Second Amendment Rules, 2018 vide notification no. G.S.R. 1218(E) dated 18th December, 2018. Content of the notification available on the following link:-… Read More

Clarification on clubbing of investment limits of Foreign Portfolio Investors

Securities and Exchange Board of India SEBI/HO/IMD/FPIC/CIR/P/2018/150 December 13, 2018 To, 1. All Foreign Portfolio Investors ("FPIs") through their Designated Depository Participants ("DDPs")/ Custodian of Securities. 2. The Depositories (NSDL and CDSL) Sir/ Madam, Subject: Clarification on clubbing of investment limits of Foreign Portfolio Investors ("FPIs") 1. This has reference to SEBI circulars No CIR/IMD/FPIC/CIR/P/2018/64… Read More

Competition Commission of India (General) Amendment Regulations, 2018

THE COMPETITION COMMISSION OF INDIA NOTIFICATION New Delhi, the 6th December, 2018 The Competition Commission of India (General) Amendment Regulations, 2018 (No. 2 of 2018) No. L-3(2)/Regln.–Gen. (Amdt.)/2018/CCI.—In exercise of the powers conferred by Section 64 of the Competition Act, 2002 (12 of 2003), the Competition Commission of India hereby makes the following amendment in… Read More

Disclosure of significant beneficial ownership in the shareholding pattern:SEBI

CIRCULAR SEBI/HO/CFD/CMD1/CIR/P/2018/0000000149 December 7, 2018 To All Listed entities All the Recognised stock exchanges All the Depositories Dear Sir/Madam, Sub: Disclosure of significant beneficial ownership in the shareholding pattern 1. Vide SEBI Circular No. CIR/CFD/CMD/13/2015 dated November 30, 2015, a format has been prescribed for disclosure of holding of specified securities and shareholding pattern under… Read More

Insolvency Professionals to act as Interim Resolution Professionals and Liquidators (Recommendation) (Second) Guidelines 2018

Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 Dated: 7 th December, 2018 To, All Registered Insolvency Professionals (By mail to registered email addresses and on web site of the IBBI) Dear Madam/Sir, Subject: Expression of Interest to be in the Panel under Insolvency Professionals to act as Interim… Read More

Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2018

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 6 th December, 2018 SECURITIES AND EXCHANGE BOARD OF INDIA (MUTUAL FUNDS) (THIRD AMENDMENT) REGULATIONS, 2018 No. SEBI/LAD-NRO /GN/ 2018/50 - In exercise of the powers conferred by section 30 read with clause (c) of sub-section (2) of section 11 of the Securities and Exchange Board… Read More

Resolution of the Monetary Policy Committee: Reserve Bank of India

Fifth Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India Date : Dec 05, 2018 On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to: keep the policy repo rate under the liquidity adjustment facility… Read More

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