Company Law - Corporate Law Reporter

REPORTING FORMAT UNDER REGULATION 11 OF SECURITIES CONTRACTS (REGULATION) (MANNER OF INCREASING AND MAINTAINING PUBLIC SHAREHOLDING IN RECOGNISED STOCK EXCHANGES) REGULATIONS, 2006

CIRCULAR MRD/DSA/12/2011, DATED 24-10-2011 1. Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006 hereinafter referred as 'MIMPS Regulations' were notified on November 13, 2006 and came into force from the date of publication. 2. Regulation 11 of MIMPS Regulations inter alia prescribes certain obligations on the recognised stock exchanges pertaining to… Read More

SEBI- Formats for disclosures for acquisition and disposal of shares under Takeover regulations

To, All Registered Merchant Bankers All Recognized Stock Exchanges Dear Sir(s), Sub: SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (The Regulations) 1. This is in continuation of the circular No SEBI/CFD/DCR/SAST/ 1/2011/09/23 dated September 23, 2011 on the captioned Regulations wherein various formats for the reports/ disclosures to be filed were specified. The formats for disclosures for… Read More

XBRL Filings – White Paper

Please download the White Paper on conversion of Financial Statements into XBRL and XBRL filings thereof containing the following: Elgibility Forms & Filing Manual Time lines for filing XBRL forms Process Overview Steps Involved in XBRL Conversions Information Required from the Company Deliverables Timelines Benefits to You Capability Statement Value Proposition & USP Read More

Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement

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™ have established connectivity with both the depositories.… Read More

Registration of Companies or LLPs which have one of their objectives to do business of architect

General Circular: GOI; MCA; Dated 10.10.2011 All the Regional Directors, All the Registrar of Companies/ Registrar of LLP's Subject: Registration of Companies or LLPs which have one of their objectives to do business of architect Sir, I am directed to say that a number of representations have been received in the Ministry to the effect… Read More

Companies to use their own XBRL accounting terms from next fiscal year

The government will allow companies to use their own accounting terms in the new reporting format from the next fiscal year, accommodating an industry request that the new rule be relaxed to make data comparison easy for shareholders. At present, there is a difference in the way a firm's financial data is presented in the… Read More

MCA lays down the the rules for filing documents and forms in XBRL

Notification; GOI; MCA; Dt 5th October, 2011 G.S.R. (E)-- In exercise of the powers confered bu sub- section (1) of section 642 read with section 610B of the Companies Act, 1956 (1 of 1956), the Central Governement hereby makes the following rules, namely: (1) Short title and Commencement:- (1) These rules may be called the Companies (Filing… Read More

Amendments to the Equity, IDR and SME Equity Listing Agreements

To All Stock Exchanges Dear Sir/Madam, Sub: Amendments to the Equity, IDR and SME Equity Listing Agreements 1. In line with the objective to enhance the quality of disclosures made by listed entities, certain amendments are hereby carried out to the Equity Listing Agreement, Model Listing Agreement for Indian Depository Receipts and Model SME Equity… Read More

Uniform Know Your Client (KYC) Requirements for the Securities Markets

SEBI Registered Intermediaries - Depository Participants (DPs) through Depositories, Mutual Funds (MFs) Association of Mutual Funds in India (AMFI) Portfolio Managers (PMs), Collective Investment Schemes (CIS) Venture Capital Funds (VCFs) Dear Sirs, Subject: Uniform Know Your Client (KYC) Requirements for the Securities Markets 1. SEBI has been getting feedback from the investors that various SEBI… Read More

Form 23AC XBRL and 23ACA XBRL released by MCA for filing of B/S & P&L in XBRL mode

After releasing the Revised Taxonomy and MCA validation tool some time back, MCA has released XBRL filing form nos. 23AC XBRL and 23ACA XBRL by introducing Companies (Filing of Documents and Forms in eXtensible Business Reporting Language) Rules, 2011 effective from today i.e. 6th October, 2011. The existing Form 23AC and Form 23ACA are not to be… Read More

MCA extents the filing of DIN4 upto 15th December 2011

General Circular No. 66/2011; GOI; MCA; Dt 4th Oct, 2011 All Regional Directors; All Registrar of Companies. Sub: Allotment of Director's Identification Number (DIN) under Companies Act, 1956 In continuation of General Circular No. 32/2011 dated 31.05.2011 on the subject cited matter, I am directed to say that the time for filing DIN-4 by DIN holders for… Read More

MCA- Company Law Settlement Scheme, 2011 extended upto 15th December 2011

General Circular No. 65/2011; GOI; MCA; Dt 4th Oct, 2011 All Regional Director, All Registrars of Companies. Subject: Company Law Settlement Scheme, 2011 In continuation of the Ministry™s General Circulars No. 59/2011 dated 05.08.2011 and No. 60/2011 dated 10.08.2011 on the subject cited above, it is stated that the said scheme has been extended upto 15th… Read More

MCA releases the validation tool for validating XBRL instant docs

MCA XBRL Validation Tool for validating XBRL instance documents has been released. The same can be downloaded by stakeholders for validating the instance documents prepared by them. The stakeholders should also refer to the XBRL filing manual for creation and validation of the instance documents. Stakeholders may send concerns, if any, with respect to the… Read More