Legal Updates

MCA issues conrrigendum to commencement notification of Companies Amendment Act 2017

Government of India Ministry of Corporate Affairs CORRIGENDUM New Delhi, the 21st June 2018 S.O....(E).- In the notification of the Government of India,  in the Ministry of  Corporate Affairs, Number  S.O. 2422(E), dated  the 13th June , 2018, published in the gazette of India, Extraordinary , PartII, Section 3 , Sub-Section (ii), dated the 14th… Read More

MCA invites public comments on National Guidelines on the Economic, Social and Environmental Responsibilities of Business

Background The Ministry of Corporate Affairs (MCA) issued the National Voluntary Guidelines on Social, Environmental & Economic Responsibilities of Business (NVGs) in July 2011 with a view to provide a clear, broad-based framework for carrying out responsible business and be accountable to all its stakeholders. The NVGs were developed based on India’s socio-cultural context and… Read More

MCA invites suggestions on draft on Cross-Border Insolvency

Government of India Ministry of Corporate Affairs Insolvency Section File no.30/27/2018 Dated:20.06.2018 Public Notice Government has taken  in initiative to introduce a chapter on Cross-Border Insovency  within the Insolvency & Bankruptcy Code,  2016 (The Code) to provide  a comprehensive legal framework, Considering the fact  that corporates transct businesses in more than one jurisdiction  and also … Read More

MCA notifies certain sections of Companies Amendment Act 2017 w.e.f 13 June 2018

Government of India Ministry of Corporate Affairs Notification New Delhi, the 13th June, 2018 S.O. _(E).- In exercise of the powers conferred by sub- section (2) of section 1 of the Companies (Amendment) Act, 2017 (1 of 2018), the Central Government hereby appoints the 13th June, 2018 as the date on which the following provisions… Read More

MCA notifies Companies (Significant Beneficial Owners) Rules,2018

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION NEW DELHI, 13th June,2018 G.S.R. (E) _. In exercise of the powers conferred by Section 90 read with sub-section (l) of section 469 of the Companies Act,2013 (18 of 2013), the Central Government hereby makes the following rules, namely :- Short title and commencement.- These rules may… Read More

Companies (Registered Valuers and Valuation) Second Amendment Rules, 2018

Government of India Ministry of Corporate Affairs Notification New Delhi, the 13  June,2018 G.S.R.......(E).- In exercise of the powers conferred by section 247 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following Rules further to amend the Companies (Registered Valuers and Valuation) Rules, 2017, namely:-… Read More

MCA notifies Limited Liability Partnership (Amendment) Rules, 2018

Government of India Ministry of Corporate Affairs Notification New Delhi, Dated, 12th June, 2018 G.S.R. _ (E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 79 of the Limited Liability Parhrership Act, 2008 (6 ot 2009), the Central Government hereby makes the following rules further to amend the Limited Liability… Read More

Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2018

  GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 12th June, 2018 G.S.R-(E).- In exercise of the powers conferred by section 149 and 168 of read with section 469 of the Companies Act, 2013 ( 18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Appointment and… Read More

Govt. notifies Central Goods and Services Tax (Fifth Amendment) Rules, 2018

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 13th June, 2018 No. 26/2018–Central Tax G.S.R. 549(E).—In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to… Read More

Securities Exchange Board of India amends its Regulations

SEBI amends the following list of Regulations for the month of May:- Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2018 Securities and Exchange Board of India (Bankers to an Issue)(Amendment) Regulations 2018 Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agent)(Amendment) Regulations 2018 Securities and Exchange… Read More

SEBI issues Registrars to an Issue and Share Transfer Agents Second Amendment Regulations, 2018

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 8th June, 2018 (REGISTRARS TO AN ISSUE AND SHARE TRANSFER AGENTS) (SECOND AMENDMENT) REGULATIONS, 2018 No. SEBI/LAD-NRO/GN/2018/25.—In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to… Read More

IBBI issues circular on fees and expenses incurred for Insolvency Resolution Process

Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No. IBBI/IP/013/2018 12th June, 2018 To All Registered Insolvency Professionals All Recognised Insolvency Professional Entities All Registered Insolvency Professional Agencies (By mail to registered email addresses and on website of the IBBI) Dear Madam / Sir, Sub: Fee and other… Read More

MCA issues clarification on Section 135(5) of Companies Act, 2013

General Circular No. 06/2018 F. No. 08/05/2018-CSR Governement of India Ministry of Corporate Affairs   5th Floor, 'A' Wing , Shastri Bhawan, Dr. R.P. Road , New Delhi-110001 Dated: 28.05.2018 Subject: Clarification  with regard to provisions under section  135(5) of the Companies Act, 2013 Sir, I am directed to  say that concerns have been raised … Read More

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