Company Law - Corporate Law Reporter

MCA initiates to drive clear the pendency of e-forms filed with ROC

Circular no 40/2011; GOI; MCA All Regional Directors; All Registrar of Companies; The Stakeholders Subject: Special Drive to clear pendency of e-forms filed with Registrar of Companies prior to implementation of revised Regulation 17 of the Companies Regulation, 1956 It is noticed that a large number of e-forms filed by the companies with the ROCs… Read More

Clarification on Circular No. 33/ 2011 dated 01.06.2011 regarding non-admissibility of documents of Companies defaulting in filing Annual Accounts

Circular No. 38 / 2011; GOI; MCA; Dated 20.06.2011 All the Regional Directors, All the Registrar of Companies / Official Liquidators; The Stakeholder Sub: Clarification on Circular No. 33/ 2011 dated 01.06.2011 with regard to compliance of provisions of the Companies Act, 1956 and Rules made there under The Ministry has issued General Circulars No.… Read More

IPO & Private Equity Conclave – Mumbai & Bangalore

Apt timing is the key for success for any human endeavour. On 3rd June 2011 and 17th June 2011, leading practitioners including bankers, CFOs of leading corporate, chartered accountants, company secretaries and lawyers gathered for a conclave on IPO and Private equity and shared knowledge, wisdom, experiences and insights into the complex process of creating… Read More

Mutual Funds may have to disclose their Assets under Management : SEBI

Sebi is likely to make it compulsory for the mutual fund players to disclose their assets under management (AUM) and details of new schemes to assure that the retail investors take a sure decision before the investments being made. Sebi chairman U K Sinha said at a CII meet that, "SEBI is working towards making MF… Read More

SEBI Periodical Report- Grant of prior approval to Debenture Trustees

CIR/MIRSD/10/2011 To All Debenture Trustees registered with SEBI Dear Sir/ Madam, Sub: Periodical Report- Grant of prior approval to Debenture Trustees 1. SEBI (Debenture Trustees) Regulations, 1993 {hereinafter referred to as "the said Regulations"}, have been amended vide Notification No. LADNRO/GN/2011-12/03/12650 dated April 19, 2011 {hereinafter referred to as "the said amendment"}, a copy of which is… Read More

Interactive Session on XBRL on 30th June 2011 – ICSI

Interactive Session on XBRL - Extensible Business Reporting Language 30 June 2011:India Habitat Centre, New Delhi Ministry of Corporate Affairs has mandated all listed Companies and certain unlisted Companies to file their Balance Sheet and Profit & Loss account (financial statements) for the year ended 31 March 2011 onwards using XBRL format. With the mandatory use of XBRL, the Industry needs… Read More

SEBI circular on change of name by Listed Companies

CIR/MRD/DP/ 07 /2011 To, All Stock Exchanges Dear Sir/Madam, Sub: Change of Name by Listed Companies 1. Please refer to SEBI Circulars No. SMDRP/Policy/Cir-8/99 dated April 26,1999 and No. SEBI/MRD/Policy/AT/Cir-20/2004 dated April 30, 2004 on thecaptioned subject matter. 2. The aforementioned SEBI circular dated April 30, 2004 required all listed companies seeking change of name… Read More

Modification to Investor Protection Fund (IPF)/ Customer Protection Fund (CPF) Guidelines

CIR/MRD/DP/ 06 /2011 To, All Stock Exchanges Dear Sir / Madam Sub: Modification to Investor Protection Fund (IPF)/ Customer ProtectionFund (CPF) Guidelines 1. SEBI vide circular no MRD/DoP/SE/Cir-38/2004 dated October 28, 2004had issued comprehensive guidelines for regulation of Investor ProtectionFund (IPF)/ Customer Protection Fund (CPF) required to be maintained byStock Exchanges. Further vide circular No.… Read More

Reporting of Offshore Derivative Instruments(ODIs)/ Participatory Notes(PNs)activity

CIR/IMD/FII&C/7/2011 To All Foreign Institutional Investors (FIIs)through their designated Custodians of Securities (Custodians) Dear Sir/Madam, Sub: Reporting of Offshore Derivative Instruments(ODIs)/ Participatory Notes(PNs)activity 1. Please refer to SEBI Circular No. CIR/IMD/FIIC/1/2011 dated January 17, 2011 andSEBI Circular No. CIR/IMD/FIIC/6/2011 dated May 12, 2011 on the captioned subjectwherein the implementation date of the new reporting format… Read More

MCA plans to substitute Unlisted Public Companies ( Preferential Allotment) Rules, 2003 with Rules, 2011

The Ministry of Corporate Affairs has clarified that Sahara Prime City limited, a Sahara Group company intending to go for an IPO, had filed information about its group companies to SEBI in its Draft Red Herring Prospectus. SEBI as market regulator vested with the mandate of investor protection, upon noticing inadequacy in material disclosures has… Read More

Periodical Report Grant of prior approval to Credit Rating Agencies

CIR/MIRSD/8/2011 June 17, 2011 To All Credit Rating Agencies Registered with SEBI Dear Sir/Madam, Subject: Periodical Report Grant of prior approval to Credit Rating Agencies 1) SEBI (Credit Rating Agencies) Regulations, 1999 {hereinafter referred to as "the saidRegulations"}, have been amended vide notification no. LAD-NRO/GN/2011-12/03/12650 dated April 19, 2011 {hereinafter referred to as "the said… Read More

Periodical Report Grant of prior approval to Depository Participants

CIR/MIRSD/9/2011 To The Managing DirectorsNSDL and CDSL Dear Sir/Madam, Subject: Periodical Report Grant of prior approval to Depository Participants 1) SEBI (Depositories and Participants) Regulations, 1996 {hereinafter referred to as "the said Regulations"}, have been amended vide notification no. LAD-NRO/GN/2011-12/03/12650 dated April 19, 2011 {hereinafter referred to as "the said amendment"}, acopy of which is… Read More

SEBI relaxes the provisions on change in names for the Listed Companies

Relaxing provisions for change in names by companies, regulator SEBI today said any listed firm seeking to undertake such an exercise can do so provided that the amount invested in new projects associated with change of profile is at least 50 per cent of their assets. As per the earlier rule, at least 50 per… Read More