MCA extends time for National Voluntary Guidelines till 31st August 2018

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 priorities… Read More

IBBI issues circular on notice for meetings of the Committee of Creditors

Insolvency and Bankruptcy Board of India 7 th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No. IBBI/CIRP/016/2018 10th August, 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: Notice for… Read More

SEBI clarifies applicability of amendment to (LODR) Regulations mandating transfer of securities in demat form with a depository

Aug 10, 2018 PR No.: 34/2018 Amendment to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 mandating transfer of securities in dematerialized form with a depository SEBI amended Regulation 40 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 wherein it was intimated that transfer of securities shall not be processed unless the securities are held… Read More

SEBI enhances monitoring of Qualified Registrars to an Issue and Share Transfer Agents

CIRCULAR SEBI/HO/MIRSD/DoP/CIR/P/2018/ 119 August 10, 2018 To, All Registrars to an Issue and Share Transfer Agents registered with SEBI Dear Sir/ Madam, Subject: Enhanced monitoring of Qualified Registrars to an Issue and Share Transfer Agents 1. SEBI constituted a Committee under the Chairmanship of Shri R. Gandhi, Former Deputy Governor, Reserve Bank of India to… Read More

SEBI seeks comments on Report submitted by the Committee on Fair Market Conduct

Securities Exchange Board of India Press Release Aug 09, 2018 PR No.: 33/2018 SEBI constituted a Committee on Fair Market Conduct in August, 2017 under the Chairmanship of Shri T.K. Viswanathan, Ex-Secretary General, Lok Sabha and Ex- Law Secretary. The Committee was mandated to review the existing legal framework to deal with market abuse to ensure… Read More

Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2018 notified

Government of India Ministry of Corporate Affairs Notification New Delhi, 07th August,2018 G S'R.- (E). - In exercise of the powers conferred by section 42, read with 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… Read More

MCA notifies Section 10 of Companies (Amendment) Act, 2017

  Government of India Ministry of Corporate Affairs Notification New Delhi, the 7th August ,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 7th day of August, 2018 as the date on which the provisions of… Read More

Can Robots Manage Your Compliances?

Artificial Intelligence (AI) has been a fascinating concept of science fiction for decades, but now we are finally getting to see AI as a reality. Artificial Intelligence, also called machine learning, is the ability of computer systems to perform tasks normally requiring human intelligence and where computers automatically learn from past data and keep becoming… Read More

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MCA invites comments on Draft Companies (Cost Records and Audit) Amendment Rules, 2018

Government of India Ministry of Corporate Affairs NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (COST RECORDS AND AUDIT) AMENDMENT RULES, 2018 Dated: 6th August, 2018 Pursuant to introduction of GST, the Companies (Cost Records and Audit) Rules, 2014 are to be amended to incorporate resultant changes. Accordingly, the Draft Companies (Cost Records and Audit) Amendment Rules,… Read More

Specific Relief (Amendment) Act, 2018 notified

THE SPECIFIC RELIEF (AMENDMENT) ACT, 2018 NO. 18 OF 2018 An Act further to amend the Specific Relief Act, 1963. BE it enacted by Parliament in the Sixty-ninth Year of the Republic of India as follows:— 1. (1) This Act may be called the Specific Relief (Amendment) Act, 2018. (2) It shall come into force… Read More

Govt.notifies the Negotiable Instruments (Amendment) Act, 2018

THE NEGOTIABLE INSTRUMENTS (AMENDMENT) ACT, 2018 NO. 20 OF 2018 [2nd August, 2018.] An Act further to amend the Negotiable Instruments Act, 1881. BE it enacted by Parliament in the Sixty-ninth Year of the Republic of India as follows:— 1. (1) This Act may be called the Negotiable Instruments (Amendment) Act, 2018. (2) It shall… Read More

Third Bi-monthly Monetary Policy Statement, 2018-19:RBI

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to: increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.5 per cent. Consequently, the reverse repo rate under the LAF stands adjusted to 6.25… Read More

RBI releases third Statement on Developmental and Regulatory Policies, 2018-2019

This Statement sets out various developmental and regulatory policy measures for strengthening regulation and financial inclusion initiatives; broadening and deepening of the financial markets; and, enhancing customer education and protection. I. Regulation and Financial Inclusion 1. Extension of MSF to Scheduled Primary (Urban) Cooperative Banks, and extension of LAF and MSF to Scheduled State Cooperative… Read More

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