Company Law - Corporate Law Reporter

Filing Offer Documents under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009

CIR/CFD/DIL/5/2012 May 3, 2012 To All Registered Merchant Bankers Dear Sir / Madam, Sub: Filing Offer Documents under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 1. Please refer to circular No. SEBI CIR/CFD/DIL/9/2010 dated October 13, 2010 on the captioned subject. 2. In partial modification of the above referred circular, it has been decided that… Read More

Future Implementation of XBRL

The Ministry of Corporate Affairs has set up a Committee to develop the roadmap for future implementation of Extensible Business Reporting Language (XBRL). This Committee comprises of XBRL experts and representatives from the corporate sector as well as the Institute of Chartered Accountants of India (ICAI). The terms of reference of the Committee are as under: Identification of… Read More

MCA- Name Availability Guidelines, 2011

General Circular No. 7/2012 No.17/90/2011-CL-V Government of India Ministry of Corporate Affairs To All Regional Directors, All Registrar of Companies Sub: Name Availability Guidelines, 2011 Sir, Please refer to this Ministry's earlier Circulars No. 45/2011 dated 08.07.2011 and 48/2011 dated 22.07.2011 on the subject cited above. In this regard, I am directed to say that… Read More

Compliance of Reporting Norms by Companies

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabha that the reporting norms comprises of annual reporting of financial results and state of affairs by companies in the format prescribed under the Companies Act, 1956 and Rules made thereunder. For non -compliance of reporting norms, prosecutions… Read More

MCA-Registration of New Companies

he Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabha that every year new companies get registration for business in the country and the number of companies registered during 2008-08, 2009-10 ,2010-11 and 2011-12 and up to March 2012 along with the break-up of Public Limited and Private Limited companies is given… Read More

De-Registration of not-for-Profit Companies

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabha that the Government has not proposed to relax existing norms for not-for-profit companies to allow them to de-register without having to follow cumbersome regulations as the Fast Track Exit Scheme introduced by the Ministry w.e.f. 03.07.2011 does… Read More

Establishment of Connectivity with both depositories NSDL and CDSL Companies eligible for shifting from TFTS

CIRCULAR CIR/MRD/DP/ 13 /2012 April 23, 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… Read More

Union Corporate Affairs Minister emphasized the need for a strong and vibrant capital market at a meeting with the representatives of leading trade & business chambers, professional institutes

Union Corporate Affairs Minister Dr. M. Veerappa Moily held a meeting in New Delhi with the representatives of leading trade & business chambers, professional institutes under the Ministry of Corporate Affairs, SEBI and RBI to workout the modalities of implementation of conclusions emerging from the deliberations conducted by the Ministry last February in the metros… Read More

SEBI-Amendments to the Equity Listing Agreement Formats for Disclosure of Financial Results

CIRCULAR CIR/CFD/DIL/4/2012 April 16, 2012 To All Stock Exchanges Dear Sir/Madam, Sub: Amendments to the Equity Listing Agreement Formats for Disclosure of Financial Results 1. Ministry of Corporate Affairs vide Notification dated February 28, 2011 has revised the format for disclosure of Balance Sheet under Schedule VI of the Companies Act, 1956. 2. Pursuant to the same,… Read More

Prime Minister, Dr. Manmohan Singh inaugurated the new campus of Indian Institute of Corporate Affairs Campus in Manesar

The Prime Minister, Dr. Manmohan Singh today inaugurated the new campus of Indian Institute of Corporate Affairs Campus in Manesar, Haryana. Speaking on the occasion he termed the Indian Institute of Corporate Affairs has been conceived as a think-tank and research institute in the area of corporate law and allied disciplines, and also as a… Read More

SEBI- Processing of investor complaints against listed companies in SEBI Complaints Redress System (SCORES)

CIRCULAR CIR/CFD/DIL/3/ 2012 April 13, 2012 To The Stock Exchanges Dear Sir/Madam Sub: Processing of investor complaints against listed companies in SEBI Complaints Redress System (SCORES) 1. SEBI has commenced processing of investor complaints in a centralized web based complaints redress system ˜SCORES™. Pursuant to SEBI Circular no. CIR/OIAE/2/2011 dated June 03, 2011 on the captioned… Read More

SEBI-Uploading of the existing clients™ KYC details in the KYC Registration Agency (KRA) system by the intermediaries

CIRCULAR MIRSD/ Cir-5 /2012 April 13, 2012 SEBI Registered Intermediaries - KYC Registration Agencies (KRAs), Stock Brokers through Stock Exchanges, Depository Participants (DPs) through Depositories, Mutual Funds (MFs) Portfolio Managers (PMs) Venture Capital Funds (VCFs) Collective Investment Schemes (CIS), Association of Mutual Funds in India (AMFI) Dear Sir, Subject: Uploading of the existing clients™ KYC… Read More

SEBI-Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR)

CIRCULAR CIR/MRD/DMS/ 12 /2012 April 13, 2012 To, All Stock Exchanges / All Depositories Dear Sir / Madam, Sub: Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR) 1. In the event of disaster, the disruption in trading system of stock exchanges / depository system may not only affect the market integrity but also the… Read More