Company Law - Corporate Law Reporter

MCA in the process of Developing an Early Warning System to Identify Early Signs of Frauds

The Ministry of Corporate Affairs is in the process of developing an early warning system to identify early signs of frauds including potential frauds. Giving this information in written reply to a question in the Rajya Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that Pilot testing of the proposed system is expected… Read More

MCA initiatives to Protect the Interests of Investors

The Ministry of Corporate Affairs has initiated several steps to protect the interests of investors through programmes of investors™ awareness and education. Giving this information in written reply to a question in the Rajya Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that important among such steps are : (i) Undertaking investor awareness… Read More

CLR Snippets | MCA Statement on Lobbying by Companies

Government has said that at present it is not considering any proposal to legalize lobbying by companies. This information was given by Shri Sachin Pilot, Minister of Corporate Affairs, in written reply to a question in the Rajya Sabha today. Read More

SEBI Circular for operational, prudential and reporting requirements for Alternative Investment Funds

CIRCULAR CIR/IMD/DF/10/2013 July 29, 2013 To All Alternative Investment Funds All custodians of Category III Alternative Investment Funds Dear Sir / Madam, Sub: Operational, Prudential and Reporting Norms for Alternative Investment Funds (AIFs) SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations) were notified on May 21, 2012. Regulations 18 (c) and (d) of the SEBI… Read More

Corporate Law Amendment Notification w.r.t. appointment of sole selling agents under Drugs (Prices Control) Order, 1995

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 15th July, 2013 GSR. 487(E).- In exercise of the powers conferred by sub-section (l) of section 294AA of the Companies Act, 1956 (l of 1956), the Central Government' hereby makes the following amendments in the notification of the Government of India in the Ministry of Corporate Affairs published in the Gazette of India,… Read More

Conference Alert | ASSOCHAM National Conference on Financial Frauds – Risk & Prevention

Objectives of the Conference: The phenomenal economic growth the country witnessed in the recent times with increased reach and penetration requires fine tuning of legislative reforms on an ongoing basis, as to address the growing financial frauds as well as to accommodate growth. In the path to global integration and opening up of the economy, the… Read More

Ordnance to Amend the Securities Laws – SEBI empowered to Regulate Pooling of Funds

An Ordinance to Amend the Securities Laws Promulgated; SEBI would have now Powers to Regulate any Pooling of Funds Under An Investment Contract Involving A Corpus Of Rs.100 Crore Or More, Attach Assets In Case Of Non-Compliance And Chairman SEBI would have Powers to Authorize The Carrying out of Search and Seizure Operations, As Part… Read More

Conference Update :: “Companies Bill 2012 – Highlights and Insights”

Objectives of the seminar: The much awaited Companies Bill, 2012, has been approved by the Lok Sabha, which seeks to revise and modify the existing company law, in consonance with changes in national and international economic environment. In view of these emerging issues and key developments, ASSOCHAM is organizing National Conference on Companies Bill 2012 -… Read More

Should insider dealing be Prohibited?

Should insider dealing be prohibited? There are advocates supporting both, prohibition and deregulation of insider trading. Since the fountainhead of majority of laws is the US law, this post will primarily discuss the US law, though insider trading is neither defined including all parameters nor are there clear regulations by the federal rules.[1] The most prominent… Read More

SEBI Circular on FII/QFI investments in Security Receipts

CIRCULAR CIR/IMD/FIIC/9/2013 July 09, 2013 To All Foreign Institutional Investors through their designated Custodians of Securities Dear Sir/Madam FII/QFI investments in Security Receipts 1. The consolidated FDI policy circular issued by the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, effective from April 05, 2013, states that FII investments in Security Receipts issued… Read More

SEBI Circular on Revised Position Limits for Exchange Traded Currency Derivatives

CIRCULAR CIR/MRD/DP/ 22 /2013 July 08, 2013 To All Stock Exchanges. Dear Sir/Madam, Sub: Revised Position Limits for Exchange Traded Currency Derivatives 1. This is in partial modification of SEBI Circular No. SEBI/DNPD/Cir-38/2008 dated August 6, 2008, SEBI/DNPD/Cir-45/2009 dated March 24, 2009, CIR/DNPD/5/2010 dated July 30, 2010 and CIR/DNPD/2/2012 dated May 23, 2012 which, inter-alia,… Read More

Assocham Conference Update – Interface Between Intellectual Property & Competition Law

Objective: Competition and Intellectual Property policies are bound together by the economics of innovation and an intricate web of legal rules that seek to balance the scope and effect of each policy. The interface between competition Law and the intellectual property system has attracted increasing attention in recent years, as intellectual property rights have gained increasing importance in the knowledge economy, and a… Read More

SEBI Circular on Arbitration Mechanism in Stock Exchanges – Place of Arbitration

CIRCULAR CIR/MRD/ICC/20/2013 05.07.2013 The Managing Director/Executive Director, All Stock Exchanges. Dear Madam/Sir, Subject: Arbitration Mechanism in Stock Exchanges 1. Reference may be made to circular no. CIR/MRD/DSA/24/2010 dated August 11,2010. Para 8 of the said circular no. CIR/MRD/DSA/24/2010 dated August 11,2010 is being modified. The para 8 of aforementioned circular dated August 11, 2010 shall… Read More