Company Law - Corporate Law Reporter

SEBI Issues Frequently Asked Questions on ‘Business Responsibility Reports’

SEBI has issued 'Frequently Asked Questions' (FAQs) on 'Business Responsibility Reports' ("BR Reports") providing clarifications/ interpretations to various queries received on SEBI Circular dated August 13, 2012 on 'Business Responsibility Reports'. In the larger interest of public disclosure regarding steps taken by listed companies from Environmental, Social and Governance (ESG) perspective, SEBI had mandated inclusion… Read More

MCA Voluntary Guidelines to promote good Corporate Governance

Voluntary Guidelines for Companies for providing general information on their websites about the company to promote good corporate governance and to enhance investors™ awareness ***** 1. The Ministry of Corporate Affairs (MCA) has been continuously taking various steps towards promoting good corporate governance, investor education and protection & advocacy for adoption of Corporate Social Responsibility… Read More

Assocham Seminar | Due Diligence – Key to Successful Business Deals | Sponsorship Opportunities

National Seminar on Due Diligence -Key to Successful Business Deals- Friday, 7th June, 2013, Le Meridian, New Delhi Sponsorship Opportunities By sponsoring or advertising at this important seminar you will raise your company profile and gain unparalleled access to the key decision makers in this industry. You may choose from various sponsorship packages given below: Category Cost… Read More

SEBI Clarification on Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999

CIR/CFD/DIL/7/2013 May 13, 2013 To All Stock Exchanges All Registered Merchant Bankers Dear Sir/Madam, Sub: SEBI Circular No. CIR/CFD/DIL/3/2013 dated January 17, 2013 - Amendments to SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and Equity Listing Agreement Clarification 1. SEBI vide Circular No. CIR/CFD/DIL/3/2013 dated January 17, 2013 made amendments to… Read More

Featured Event | ASSOCHAM National Seminar on “Due Diligence – Key to Successful Business Deals”

National Seminar on Due Diligence -Key to Successful Business Deals- Friday, 7th June, 2013, Hotel Le Meridien, New Delhi Greetings! For acquiring companies, due diligence is a critical process that cannot be overlooked. Due diligence not only nets the hard data you need to assess potential financial, legal, and regulatory exposures, but also gives insights… Read More

MCA notification – Competition Commission of India Appointment

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 17th April, 2013 S.O. 987(E).”In exercise of the powers conferred by sub section (1) of section 8 read with sub-section (1) of section 10 of the Competition Act, 2002 (12 of 2003), the Central Government her hereby appoints Shri S.L.Bunker as Member of the Competition Commission of India for a period of… Read More

MCA notification – Applicability of Regulation 17(6) in processing the work items

Circular No. 10/2013 No. MCA21/37/2013 Government of India Ministry of Corporate Affairs 5th Floor, "A" Wing, Shastri Bhawan Dr. R. P. Road, New Delhi - 110001 Dated: 08.05.2013 To, All the Regional Directors, All the Registrar of Companies Sub: Applicability of Regulation 17(6) in processing the work items. Sir, I am directed to convey, with… Read More

CLR Snippets | Company Law Bill 2012 remains pending

The Company Law Bill 2012, which was to be placed in the Rajya Sabha, remains pending till the next session as the current session of the Rajya Sabha was adjourned sine die due to continuous interruptions in the proceedings on May 8. The Bill was to be placed for discussion and to be passed as… Read More

Discussion paper on Co-location / Proximity hosting facility offered by the stock exchanges

Objective To seek public comments on a possible solution to provide greater equality and fairness in order handling to the participants that do not use co-location services vis-Ã -vis participants that place orders using automated trading system and are co-located at the stock exchange. 1. Introduction 1.1. Adoption of various technological advancements in the Indian securities… Read More

Regulatory action against Companies and their directors for non-redressal of Investor Grievances

SEBI takes appropriate enforcement actions (adjudication, directions etc) as provided under the law where progress in redressal of investor grievances is not satisfactory. Accordingly, directions under section 11B/11 (4) (b) of SEBI Act were passed against the following companies and its directors debarring them from accessing the securities market and from buying, selling or dealing … Read More

SEBI(Substantial Acquisition of Shares and Takeovers)(Amendment)Regulations, 2013 (as amended upto March 26, 2013)

THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, SEPTEMBER 23, 2011 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, 23rd September, 2011 SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 F. No. LAD-NRO/GN/2011-12/24/30181.”In exercise of the powers conferred under section 30 read with… Read More

Sections 433(e) and 434 – Exercising winding up not possible if disputes between parties pending

CLR Editorial Notes: In the current case, the petitioner had three separate contracts entered into between tw0 parties. One of the said contracts was for the supply of cables and the other two contracts were for the supply of electrical accessories, i.e., Jumpers, Connectors and Surge Arrestors. Prior to this contract, both the parties had been… Read More

Action Taken in Cases of Corporate Frauds

From the years 2009-10 to 2013-14 (till date), 132 cases of fraud/ illegal transaction have been brought to the notice of the Ministry of Corporate Affairs. Giving this information in written reply to a question in the Rajya Sabha today Shri SachinPilot, Minister of Corporate Affairs, gave details of the action taken in respect of these cases as follows: (i) In 89… Read More