Enhanced Supervision of Stock Brokers / Depository Participants

Securities and Exchange Board of India CIRCULAR SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/138 December 20, 2016 The Managing Directors of all Recognized Stock Exchanges and Depositories Dear Sir/Madam Sub: Enhanced Supervision of Stock Brokers / Depository Participants Please refer to SEBI Circular No. SEBI/HO/MIRSD/MIRSD2/CIR/2016/95 dated September 26, 2016 regarding the captioned subject. Following representations from Exchanges as well as market… Read More

Discontinuation of E-Forms INC-2 & INC-7 and mandatory implementation of SPICe Forms

Stakeholders may kindly note that existing INC-2 and INC-7 eforms are likely to be withdrawn from the MCA portal shortly. Stakeholders will then have to use only SPICe (Simplified Proforma for Incorporating a Company electronically) forms viz. SPICe (INC-32), SPICe eMoA (INC-33) and SPICe eAoA (INC-34) for incorporation of all companies including Section 8 Companies… Read More

Cash deposit of more than Rs. 5000 restricted by RBI

RBI/2016-17/189 DCM (Plg) No. 1859/10.27.00/2016-17 December 19, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks Dear Sir, Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes) -… Read More

GST Implementation Masterclass

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NCLT (Procedure for reduction of share capital of company) Rules, 2016

The Ministry of Corporate Affairs has issued rules in exercise of the powers conferred by sub-section (1) and (2) of section 469 read with section 66 of the Companies Act, 2013(18 of 2013) the Central Government hereby makes the following rules namely: NCLT (Procedure for reduction of share capital of company) Rules, 2016 Read More

Companies (Compromises, Arrangements and Amalgamations) Rules, 2016

The Ministry of Corporate Affairs has issued Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 dated 14th December, 2016. Please click on the below link to download the rules: Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 Read More

Patent Infringement

PATENT INFRINGEMENT Azeem Rasic Nabi, B.A.L., LL.B. Introduction A patent is an exclusive right granted by a country to the owner of an invention to make, use, manufacture and market the invention, provided the invention satisfies certain condition stipulated in the law. Exclusivity of right implies that no one else can make, use, manufacture or… Read More

Law relating to Injunctions

The Law Relating to Injunctions Azeem Rasic Nabi B.A.L., LL. B. Bangalore University Introduction An injunction is an equitable remedy that has originated in the English Courts of Equity and it is given when a wrong cannot be effectively remedied by any monetary award or damages and the same is based on the doctrine that… Read More

Don’t have cash? Order latest book on Companies Act online

Dear Professional Colleagues ! If you are still using your old Bare Act, it is high time that you moved on from your “Old Bare Act” or just any other regular book on Companies Act and try something different. Corporate Law Referencer believes that normal is boring, hence Companies Act 2013 is presented to you in an… Read More

Corrigendum notification relating to amendment in Schedule II

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i)] Government of India Ministry of Corporate Affairs New Delhi, 09th December, 2016 Corrigendum G.S.R. ______(E).- In the notification of the Government of India in the Ministry of Corporate Affairs number G.S.R. 1075(E), dated the 17th November, 2016 published in the… Read More

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