Legal Updates

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

RBI revises Bank rate Monetary Policy Statement 2018-19 to 6.50 percent

RBI/2017-18/185 DBR.No.Ret.BC.107/12.01.001/2017-18 June 06, 2018 The Chairperson / CEOs of all Scheduled and Non Scheduled Banks Dear Sir / Madam, Change in Bank Rate Please refer to our circular DBR.No.Ret.BC.82/12.01.001/2017-18 dated August 02, 2017 on the captioned subject. 2. As announced in the Second Bi-Monthly Monetary Policy Statement 2018-19 dated June 06, 2018, the Bank Rate stands adjusted… Read More

Govt. notifies Rate of Exchange of different Foreign Currencies to Indian Currency

Ministry of Finance 07 JUN 2018 In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification of the Central Board of Indirect Taxes and Customs(CBIC) No.43/2018-CUSTOMS (N.T.), dated 17thMay, 2018 except as respects things done or omitted to be done before such… Read More

Circular on Go Green Initiative in Mutual Funds:SEBI

CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2018/92 June 05, 2018 All Mutual Funds/ Asset Management Companies (AMCs)/ Trustee Companies/ Boards of Trustees of Mutual Funds Sir / Madam, Subject: Circular on Go Green Initiative in Mutual Funds A. A copy of the Gazette Notification No.SEBI/LAD-NRO/GN/2018/14 dated May 30, 2018 on Amendments to SEBI (Mutual Funds) Regulations, 1996 is enclosed for… Read More

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