Company Law - Corporate Law Reporter

Revisions in FII Investments in corporate debt long term Infra category

To All Foreign Institutional Investors through their designated Custodians of Securities Dear Sir/Madam Sub Revisions in FII Investments in corporate debt long term infra category 1. Please refer to SEBI circular IMD/FII&C/5/2011 dated March 31, 2011 wherein the enhanced debt investment limits for FII investment in corporate debt long term infra category, and the modalities for allocation… Read More

SEBI-Clarification on 100% promoter holding in demat form

To, All the Recognized Stock Exchanges, Dear Sir/Madam, Sub: Clarification on 100% promoter holding in demat form 1. This is further to SEBI circular SEBI/Cir/ISD/3 /2011 dated June 17, 2011 regarding 100% promoter holding in demat form. 2. On review of the promoters hooding in demat form it has been observed that there has been… Read More

XBRL update – MCA validation tool to be released soon

The XBRL Taxonomy recently released by MCA for the First Phase of Financials for FY ended 31st March, 2011 is final and no further changes are expected for Phase I. The MCA Validation Tool for validating XBRL instance documents as per the final taxonomy is ready to be released. If you wish to test and… Read More

MCA – Registration of Certified Filing Centres (CFC)

Registration of Certified Filing Centres (CFC) Requests including from Professional Institutes have been received seeking re-opening the registration process of CFCs and allow enrolment of more CFCs so that the involvement of professionals in XBRL and peak filing can be expanded to a large extent. The Ministry has considered the requests and decided to… Read More

SEBI – Standardization of Contents of Application-Cum-Bidding Form and Manner of disclosure

To All Registered Merchant Bankers To All Stock Exchanges To All Registered Bankers to an Issue To All Registered Registrars to an Issue Dear Sirs, Sub.: Contents of Application-Cum-Bidding Form and Manner of disclosure 1. SEBI has reviewed the structure, design, format, contents and order of information of Application-Cum-Bidding-Form to make it investor friendly and… Read More

Green Initiative moving ahead – SEBI reduces nos. of copies of Offer Documents required for submisison

To All Registered Merchant Bankers Dear Sir/Madam, Sub: Filing Offer Documents with SEBI under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 1. As a green initiative, it has been decided to reduce the number of copies of offer documents being submitted to SEBI. Also, considering the availability of the soft copies of the offer… Read More

SEBI -Guidelines for Issue and Listing of Structured Products/ Market Linked Debenture

All Registered Merchant Bankers All Recognized Stock Exchanges All Registered Credit Rating Agencies Dear Sir/ Madam, Sub: Guidelines for Issue and Listing of Structured Products/ Market Linked Debenture 1. SEBI had prescribed initial and continuous disclosure norms applicable to issue and listing of debt securities through the Securities and Exchange Board of India (Issue and Listing of Debt… Read More

CCH Competition Law Summit: Experts debate impact of new Competition policy on Indian businesses

Leading experts from the field of corporate law discussed and debated various issues related to impact of new competition policy on Indian business landscape, Competition Commission of India™s New M&A guidelines, Anti-competitive agreements, Cartel issues, Intellectual Property Rights under competition law and comparative study with US & EU regime at CCH Competition Law Summit held… Read More

ROC not to keep any document pending for more than 60 days

Notification; GOI; MCA; Dated 22.09.2011 G.S.R.----- In exercise of the powers confered by sub -sections (1), (2), (3), (5) and (8) of section 25 and sub- section (2) of section 609 read with sections 610A, 610B and 610E of the Companies Act, 1956 (1 of 1956), the Central Governement hereby makes the following regulations further… Read More

Waiver of Stamp duty in case of increase in Authorized share Capital in Delhi

Companies (Central Governement's) General Rules and Forms(Amendment) Rules 2011 CLR Note: The Hon'ble High Court of Delhi has held in the matter of SE Investments Limited Vs Union of India and Others [ W.P. (c) 2393/2010 and CM Appl. 4794/2011) that there is no provision in the Delhi Stamp Act for payment of stamp duty… Read More

Notification On (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2011

To, All Recognized Stock Exchanges Sub: Securities and Exchange Board of India Second Amendement Regilations under Issue Of Capital And Disclosure Requirements, 2011(Issue Of Capital And Disclosure Requirements) (Second Amendment) Regulations, 2011 The SEBI has framed Second amended in (Issue Of Capital And Disclosure Requirements) Regulations, 2011 which have been notified on September 23, 2011. The… Read More

SEBI- Notification on Substantial Acquisition of Shares and Takeovers (Regulations), 2011

To, All Recognized Stock Exchanges Sub: Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 The Notification under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 have been notified on September 23, 2011. The amended regulations are attached herewith. Read More

Amendments to Clause 35 of the Equity Listing Agreement of Substantial Acquisition of Shares and Takeovers Regulations, 2011-SEBI

To, All Registered Merchant Bankers Dear Sirs, All Recognized Stock Exchanges Sub: Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and consequential amendments to Clause 35 of the Equity Listing Agreement 1. Notification of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 In exercise of the powers conferred by Section… Read More