Corporate Law Reporter - The Daily Journal

SEBI issues clarification on strengthening of Guidelines and Raising Industry standards for RTAs, Issuer Companies and Banker to an Issue

Securities and Exchange Board of India CIRCULAR SEBI/HO/MIRSD/DOS3/CIR/P/2018/115 July 16, 2018 To, All Registrars to an Issue and Share Transfer Agents registered with SEBI All Listed entities (Through Stock Exchanges) All Recognised Stock Exchanges Dear Sir / Madam, Subject: Strengthening the Guidelines and Raising Industry standards for RTAs, Issuer Companies and Banker to an Issue… Read More

SEBI discontinues the practice of acceptance of cash by Stock Brokers

CIRCULAR SEBI/HO/MIRSD/DOP/CIR/P/2018/113 July 12, 2018 To, All Recognised Stock Exchanges Dear Sir / Madam, Subject: Discontinuation of acceptance of cash by Stock Brokers 1. Please refer to SEBI circular SEBI/MRD/SE/Cir- 33/2003/27/08 dated August 27, 2003, regarding Mode of Payment and Delivery. 2. Government of India has promoted various means for transfer / receipt of funds… Read More

SEBI issues circular on Investment by FPI through primary market issuances

CIRCULAR IMD/FPIC/CIR/P/2018/114 July 13, 2018 To 1. All Foreign Portfolio Investors (through their Custodian of Securities) 2. All Custodians 3. The Depositories (NSDL and CDSL) 4. All Registrar and Transfer Agents 5. All Merchant Bankers Dear Sir / Madam, Sub: Investment by Foreign Portfolio Investors (FPI) through primary market issuances 1. Regulation 21(7) of SEBI… Read More

MCA has constituted a 10-Member Committee to review the offences under the Companies Act, 2013

Government of India Ministry of Corporate Affairs 15 JUL 2018 The Ministry of Corporate Affairs (MCA) has constituted a 10 Member Committee, headed by the Secretary of Ministry of Corporate Affairs, for review of the penal provisions in the Companies Act, 2013 may be setup to examine ‘de-criminalisation’ of certain offences. The MCA seeks to… Read More

SEBI issue Master Circular on Mutual Funds

MASTER CIRCULAR SEBI/HO/IMD/DF5/CIR/P/2018/109 July 10, 2018 All Mutual Funds, Asset Management Companies (AMCs) and Association of Mutual Funds in India (AMFI) Dear Sir/ Madam, Sub: Master Circular for Mutual Funds For effective regulation of the Mutual Fund Industry, Securities and Exchange Board of India (SEBI) has been issuing various circulars from time to time. In… Read More

MCA to commence Section 15,16, 75 and 76 of Companies (Amendment) Act, 2017 w.e.f. 15 August 2018

Government of India Ministry of Corporate Affairs Notification New Delhi, the 5th July, 2018 S.0. (E).- In exercise of the powers conferred by subsection (2) of section 1 of the Companies (Amendment) Act, 2017 (1 of 2018), the Central Government hereby appoints the 15th August, 2018 as the date on which the following provisions of… Read More

MCA commences Section 20 of Companies (Amendment) Act, 2017 w.e.f. 5 July 2018

Government of India Ministry of Corporate Affairs Notification New Delhi, the 5th July, 2018 S.D. (E).- In exercise of the powers conferred by subsection (2) of section 1 of the Companies (Amendment) Act, 2017 (1 of 2018), the Central Government hereby appoints the 5th July, 2018 as the date on which the provisions of Section… Read More

MCA to notify Companies (Registration of Charges) Amendment Rules, 2018

Governement of India Minsitry fo Corporate Affairs Notification New Delhi, dated , 05.07.2018 G.S.R. ......(E).-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 makes the following rules further to amend the Companies (Registration of Charges) Rules, 2014, namely:-… Read More

Companies (Authorised to Register) Second Amendment Rules, 2018 to be effetive from 15 August

Governement of India Minsitry fo Corporate Affairs Notification New Delhi, dated , 05.07.2018 G.S.R.___(E).- In the excercise of the powers conferred by sub-sections (1) and (2) of Section 469 of the companies Act , 2013(18 of 2013), the central governement hereby makes the following rules, further to amend the Companies (Authorised to Register) Rules, 2014,… Read More

MCA notifies Companies (Appointmnent and Qualification of Directors) fourth Amendment Rules, 2018 w.e.f. 10 July

Governement of India Minsitry fo Corporate Affairs Notification New Delhi, dated , 05.07.2018 G.S.R. (E).-In exercise of the powers conferred under second proviso to sub-section (1), sub-section (4), clause(f) of sub-section (6) of section 149, sub-section (3) and (4) of section 150, section 151, sub-section (5) of section 152, section 153, section 154, section 157,… Read More

Companies (Acceptance of Deposits) Amendment Rules, 2018 effective from 15 August 2018

Governement of India Minsitry fo Corporate Affairs Notification New Delhi, dated , 05.07.2018, G.S.R.___(E):- In excercise of the powers conferred by section 73 and section 74 read wth sub-section(1) and sub-section (2) of section 469 of the Companies Act, 2013(18 of 2013), the Central Government in consultation with the Reserve Bank of India, hereby makes … Read More

CBIC notifies CGST(Seventh Amendment) Rules, 2018 retrospectively w.e.f.12 June 2018

MINISTRY OF FINANCE (Department of Revenue) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 6th July, 2018 No. 29/2018 – Central Tax G.S.R. 611(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… Read More

SEBI releases circular on Review of Adjustment of corporate actions for Stock Options

CIRCULAR CIR/MRD/DoP-1/P/00108/2018 July 5, 2018 To All Stock Exchanges Dear Sir/Madam, Sub: Review of Adjustment of corporate actions for Stock Options. 1. SEBI, vide Circular No. SMDRP/DC/CIR- 8/01 dated June 21, 2001, prescribed a framework for adjustment of corporate actions for stock option contracts. Further, SEBI, vide Circular No. SMDRP/DC/CIR-15/02 dated December 18, 2002, set… Read More