Company Law - Corporate Law Reporter

SEBI-Offer For Sale of Shares by Promoters through the Stock Exchange Mechanism

CIRCULAR CIR/MRD/DP/ 7/2012 February 23, 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: Offer For Sale of Shares by Promoters through the… Read More

The Union Minister for Corporate Affairs stresses on setting norms & standards which would attract the International firms

There is an urgent need to move from government regulation to self regulation. This was stated by Union Minister for Corporate Affairs Dr. M. Veerappa Moily while delivering valedictory address at the 8th Corporate Registers Forum (CRF) 2012 here today. He stressed on setting of norms and standards which attract the international firms and setting… Read More

SEBI- Investor Grievance Redressal Mechanism at Stock Exchanges

CIRCULAR CIR/MIRSD/2/2012 February 15, 2012 All Recognized Stock Exchanges Dear Sirs, Subject: Investor Grievance Redressal Mechanism at Stock Exchanges. 1. Please refer to SEBI circular no. CIR/MRD/DSA/03/2012 dated January 20, 2012 and SEBI circular no. SMD/Policy/Cir-32/1997 regarding the investor service centres. At present, the stock exchanges having nationwide terminals, such as National Stock Exchange of India… Read More

Amendment to SEBI (Portfolio Managers) Regulations, 1993

THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, February 10, 2012 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 10th February, 2012 SECURITIES AND EXCHANGE BOARD OF INDIA (PORTFOLIO MANAGERS) (AMENDMENT) REGULATIONS, 2012 No. LAD-NRO/GN/2011-12/37/3689 - In exercise of the powers conferred by section 30 of the Securities and Exchange… Read More

Procedure for Introduction of Share Capital Clause in the Memorandum of a Company Limited by Guarantee

PROCEDURE FOR INTRODUCTION OF A SHARE CAPITAL CLAUSE IN THE MEMORANDUM OF A COMPANY LIMITED BY GUARANTEE Ishita Chatterjee Lecturer, Faculty of Law, UniversityofAllahabad, Allahabad(U.P.),India Introduction For the formation of a company, the Memorandum of Association is regarded as a fundamental document of a company. In the view of Palmer[1]- It is a document of… Read More

MCA- Filing of conflicting returns by contesting parties

General Circular No. 1/2012 F. No. 17/135/2011-CL V; Government of India; Ministry of Corporate Affairs; Dated 10th February 2012 To, All Regional Directors, All Registrars of Companies Sub: Filing of conflicting returns by contesting parties clarification regarding Sir, I am directed to invite a reference to Ministry™s circular No. 19 and 20 of 2011 issued… Read More

Guidelines in respect of the disclosures to be made in the Letter of offer in respect of Buy-back of securities in terms of SEBI (Buy-back of Securities) Regulations, 1998 and Format of Standard letter of offer.

CIRCULAR CIR/CFD/DCR/ 2 /2012 February 9, 2012 To All Merchant Bankers Dear Sir/Madam, Sub: Guidelines in respect of the disclosures to be made in the Letter of offer in respect of Buy-back of securities in terms of SEBI (Buy-back of Securities) Regulations, 1998 and Format of Standard letter of offer. 1. SEBI (Buyback of Securities) Regulations, 1998… Read More

MCA- Annual CRF conference, 2012 to be hosted from 13th-17th Feb

Annual CRF conference for 2012 is being hosted by Ministry of Corporate Affairs, in New Delhi, India from the 13th - 17th February 2012. The theme for the conference is "Control to Self Regulation: Sharing Knowledge - Sharing Best Practices" Corporate Registers Forum (CRF) (http://www.corporateregistersforum.org) provides an opportunity for members to reflect on and share… Read More

SEBI-Amendments to the Equity Listing Agreement

CIR/CFD/DIL/1/2012 February 8, 2012 To All Stock Exchanges Dear Sir/Madam, Sub: Amendments to the Equity Listing Agreement 1. As part of SEBI™s endeavour to review the listing conditions, certain amendments are hereby carried out to the Equity Listing Agreement. The full texts of amendments to be effected in the Listing Agreements are given at Annexure-1. The gist… Read More

SEBI (Buy-Back of Securities)(Amendment) Regulations-2012

THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, FEBRUARY 07, 2012 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 7th February, 2012 SECURITIES AND EXCHANGE BOARD OF INDIA (BUY-BACK OF SECURITIES) (AMENDMENT) REGULATIONS, 2012. LAD-NRO/GN/2011-12/36/3187 - In exercise of powers conferred by sub-section (1) of section 30 of… Read More

SEBI- Offer For Sale of Shares by Promoters through the Stock Exchange Mechanism

CIR/MRD/DP/ 05/2012; February 1, 2012 The Managing Director National Stock Exchange of India Ltd. Exchange Plaza, Bpandra Kurla Complex Bandra (E) Mumbai - 400 051 The Managing Director and CEO Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400001 Dear Sir, Sub: Offer For Sale of Shares by Promoters through the Stock… Read More

MCA- 2nd National CSR Conclave on Corporate Social Responsibility Public Sector Perspective organised by IICA

Union Corporate Affairs Minister Dr. M. Veerappa Moily has stressed for a Corporate culture attuned to the universally accepted values of good governance accountability, transparency, responsibility and responsiveness to stake holders. Dr. Moily was addressing the 2nd Second National CSR Conclave on Corporate Social Responsibility Public Sector Perspective organised by the Indian Institute of Corporate… Read More

Amendments in SEBI Regulations

The SEBI Board met in New Delhi today and took the following decisions: 1. Reservation to Holders of Convertible Debt Securities in Rights/Bonus Issues On the issue of reservation to convertible debt holders in rights/bonus issues, it has been decided to clarify that reservation shall be available only to compulsorily convertible debt holders, since conversion… Read More