Company Law - Corporate Law Reporter

SEBI-Establishment of Connectivity with both depositories NSDL and CDSL Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement

CIRCULAR CIR/MRD/DP/ 19 /2012 July 20, 2012 To, All Stock Exchanges Dear Sir / Madam, Sub: Establishment of Connectivity with both depositories NSDL and CDSL Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement 1. It is observed from the information provided by the depositories that the companies listed in Annexure ˜A™… Read More

SEBI-Amendment to definition of Qualified Foreign Investor (QFI) and QFI investment in debt mutual fund schemes which invest in infrastructure

CIRCULAR CIR/ IMD/ FII&C/ 18/ 2012 July 20, 2012 All SEBI registered Intermediaries/ Recognized Stock Exchanges/ Depositories/ Mutual Fund/ qualified Depository Participants (DP) Sir / Madam, Sub: Amendment to definition of Qualified Foreign Investor (QFI) and QFI investment in debt mutual fund schemes which invest in infrastructure 1. Vide SEBI circulars Cir/IMD/DF/14/2011 and Cir/IMD/FII&C/3/2012 dated August… Read More

Comprehensive guidelines on Offer For Sale (OFS) of Shares by Promoters through the Stock Exchange Mechanism

CIRCULAR CIR/MRD/DP/ 18 /2012 July 18, 2012 The Managing Director and CEO The Managing Director Bombay Stock Exchange Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400001 Mumbai - 400 051 Dear Sir, Sub: Comprehensive guidelines on Offer For Sale (OFS) of… Read More

SEBI- Investment by Qualified Foreign Investors (QFI) in Indian Corporate Debt.

CIRCULAR CIR/ IMD/ FII&C/ 17 / 2012 July 18, 2012 All SEBI registered Intermediaries/ Recognized Stock Exchanges/ Depositories/ Mutual Fund/ qualified Depository Participants (DP) Sir / Madam, Sub: Investment by Qualified Foreign Investors (QFI) in Indian Corporate Debt. Vide SEBI circulars Cir/IMD/DF/14/2011 and Cir/IMD/FII&C/3/2012 dated August 09, 2011 and January 13, 2012 respectively, Qualified Foreign Investors… Read More

SEBI-Portfolio Managers Deployment of clients fund in liquid Mutual Funds

CIRCULAR Cir. /IMD/DF-1/16/2012 July 16, 2012 All Portfolio Managers Dear Sir/ Madam, Sub: Portfolio Managers Deployment of clients fund in liquid Mutual Funds. 1. SEBI has received representation from various portfolio managers seeking clarification regarding investment in short term liquid Mutual Funds by portfolio managers. 2. It is hereby clarified that pending investment of funds, any… Read More

SEBI_Amendment to the Equity Listing Agreement – Platform for E-Voting by Shareholders of Listed Entities

CIRCULAR CIR/CFD/DIL/6/2012 July 13, 2012 To All Recognised Stock Exchanges Dear Sir/Madam, Sub: Amendment to the Equity Listing Agreement - Platform for E-Voting by Shareholders of Listed Entities 1. Section 192A of the Companies Act, 1956, read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 (the Rules) obligates the listed companies… Read More

Companies (Central Government’s) General Rules and Forms), 2012 – New Form 24AAA

[PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (i)] GOVERNMENT OF INDIA Ministry of Corporate Affairs Notification; 10.07.2012 G.S.R............. (E).- In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 642 of the Companies Act,1956 (1 of 1956) read with sections 20 and 21 of the Companies Act, 1956,… Read More

Company Law Board (Fees on Application and Petitions) (Amendment) Rules, 2012

[PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (i)]; GOVERNMENT OF INDIA Ministry of Corporate Affairs Notification; Dated 10.07.2012 G.S.R. (E).- In exercise of the power conferred by section 642 read with Sub-sect ion (2) of section 637A of the Companies Act , 1956 (1 of 1956), the Central Government hereby… Read More

Notifying certain sections of Companies (Second Amendment) Act, 2012

[PUBLISHED IN THE GAZETTE OF INDIA, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA; MINISTRY OF CORPORATE AFFAIRS NOTIFICATION; Dated the 10.07.2012. S.O. (E).- In exercise of powers conferred by sub-section (2) of section 1 of the Companies (Second Amendment ) Act , 2002 (11 of 2003), the Central Government hereby appoints the 12 th… Read More

Delegation of Powers of Central Government to Regional Director

[PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3,SUB SECTION (ii)]; GOVERNMENT OF INDIA Ministry of Corporate Affairs Notification; Dated 10.07.2012 S.O. (E).- In exercise of the powers confered by sub- section (1) of sect ion 637 of the Companies Act , 1956 (1 of 1956), and in supersession of the notification of the Government… Read More

Delegation of powers of Central Government to Registrar of Companies

CLR Note: The highlighted portion of the said notification is the only addition to the earlier notification G.S.R. 222(E), dated the 17 th March, 2011. [PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (ii)]; Government of India; Ministry of Corporate Affairs Notification; Dated 10.07.2012 S.O. (E).- In exercise of the power conferred by… Read More

Amendments in the Notification S.O. 891(E), dated the 31st March, 2009

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART 11, ' SECT ION 3, SUB SECTION (i)]; MINISTRY OF CORPORATE AFFAIRS NOTIFICATION; Dated 10/7/2012 G.S.R (E) ... . .--In exercise of the powers conferred by sub-section (3) of section 1 of the Limited Liability Partnership Act, 2008 (6 of 2009), the Central Government hereby makes… Read More

Companies allowed to file the BS & P&L in XBRL mode for financial year 2011-12 latest by 15th Nov, 2012

General Circular No. 16/2012; No. 17/161/2012-CL-V Government of India; Ministry of Corporate Affairs Dated: July 6, 2012 All Regional Directors; All Regist rars of Companies Subj ect :- Filing of Balance Sheet and Profit and Loss Account in Extensible Business Report ing Language (XBRL) Mode for financial year commencing on or after 1.4.2011. Sir, Vide… Read More