Company Law - Corporate Law Reporter

SEBI – Allocation of debt limits to FIIs

CIRCULAR CIR/IMD/FIIC/10/2012 April 12, 2012 To All Foreign Institutional Investors through their designated Custodians of Securities Dear Sir/Madam Sub Allocation of debt limits to FIIs 1. Based on the assessment of the utilization of the limits to FIIs for investments in Government Debt Old, corporate Debt Old and Government Debt Long Term category, it has been decided… Read More

Constitution of a Committee on Corporate Governance

The Ministry of Corporate Affairs has constituted a Committee under the Chairmanship of Shri. Adi Godrej for framing a ˜National Corporate Governance Policy™ to suggest a comprehensive policy frame work to enable corporate governance of highest quality in all classes of companies without impinging on their internal autonomy to order their affairs in their best… Read More

SEBI-Exemptions from 100% promoter(s) holding in demat form

CIRCULAR SEBI/Cir/ISD/ 1 /2012 March 30, 2012 To, All the Recognized Stock Exchanges, Dear Sir/Madam, Sub: Exemptions from 100% promoter(s) holding in demat form 1. This is further to SEBI circulars SEBI/Cir/ISD/3/2011 dated June 17, 2011 and SEBI/Cir/ISD/05/2011 dated September 30, 2011 regarding 100% promoter(s) holding in demat form. 2. While reviewing compliance, it is noticed that promoters… Read More

SEBI-Broad Guidelines on Algorithmic Trading

CIRCULAR CIR/MRD/DP/ 09 /2012 March 30, 2012 To All Stock Exchanges Sir / Ma™am, Sub: Broad Guidelines on Algorithmic Trading 1. It has been observed that adoption of technology for the purpose of trading in financial instruments has been on a rise over the past few years. Stock brokers as well as their clients are now making… Read More

SEBI- Review of Regulatory Compliance and Periodic Reporting

CIRCULAR CIR/MIRSD/ 4/2012 March 29, 2012 All Bankers to an Issue registered with SEBI Sir / Madam, Sub: Review of Regulatory Compliance and Periodic Reporting 1. Bankers to an Issue (BTIs) are required to furnish periodical reports on quarterly and annual basis in electronic form in the prescribed format in terms of SEBI Circulars No. RBT(G I… Read More

MCA- Proposal for the modification in the definition of term ‘Foreign Company’

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabha that Under the Companies Act, 1956, there is no specific provision for mandatory registration of foreign companies engaged in on-line business practices. However, keeping in view the present scenario which has been witnessing a large number of… Read More

MCA- Role-check for the Digital Signatures (DSCs) belonging to authorized signatories of Banks/ Fls

No. HQI 104/ 2007 - Computerisation Government of India; Ministry of Corporate Affairs Dated the 17.02.2012 CIRCULAR Subject: Role-check for the Digital Signatures (DSCs) belonging to authorized signatories of Banks/ Fls The Ministry of Corporate Affairs (MCA) has implemented MCA21 e-Governance Project. The Project is aimed at enhancing the service level efficiencies and bringing about… Read More

MCA- Constitution of a Committee to formulate a Policy Document on Corporate Governance

No. 17/46/2012-CL-V; Government of India; Ministry of Corporate Affairs Dated: 21'' March, 2012 Office Memorandum Sub:- Constitution of a Committee to formulate a Policy Document on Corporate Governance In continuation of this office O.M. of even number dated 7.03.2012 the undersigned is directed to say that Shri Sudhir Mittal, Additional Secretary in this Ministry shall… Read More

MCA-Submission of Annual Reports

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that it is mandatory, under the Companies Act, 1956 for all companies to submit Annual Returns, Balance Sheet etc to the Government. Replying to a written question the Minister said in addition to penal action, the companies, their directors/company secretaries who have defaulted in filing… Read More

Monitoring Committee for Vanishing Companies

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that The term ˜Vanishing Companies™ is applied both to the Companies which cease to file their statements of return or where, after raising capital, the whereabouts of their Registered Office or their Directors are not known. A… Read More

MCA- Constitution of a Committee to formulate a Policv Document on Corporate Governance

NO. 17/46/2012-CL-V; Government of India™ Ministry of Corporate Affairs Dated: 19th March, 2012 OFFICE MEMORANDUM Subject:-Constitution of a Committee to formulate a Policv Document on Corporate Governance In continuation of this office O.M. of even number dated 7.03.2012, the following amendments/ modifications are made in the composition of the Committee to formulate a policy document… Read More

CCI initiates to spread awareness about the Competition Law and the Commission

Under the competition advocacy initiatives, the Competition Commission of India has been organizing meetings, seminars, workshops etc. with the various stake holders to spread awareness about the Competition Law and the Commission. As part of this initiative CCI organized a workshop on the topic ˜Public Procurement & Competition Law™ at SCOPE Convention Centre, Lodhi Road,… Read More

Implementation of the Indian Accounting Standards with IFRS gets delayed

Keeping in view the consultation held with various stakeholders on certain issues including tax related issues, it was decided to implement convergence of Indian Accounting Standards with International Financial Reporting Standards (IFRS) in a phased manner to ease the process for all the stakeholders. The date of implementation will be decided after the relevant issues… Read More