Frequently Asked Questions on SEBI (Share Based Employee Benefits) Regulations, 2014
FREQUENTLY ASKED QUESTIONS ON SEBI (SHARE BASED EMPLOYEE BENEFITS) REGULATIONS, 2014 1. In terms of proviso to regulation 3(12) of the SEBI (Share Based Employee Benefits) Regulations, 2014, the un-appropriated inventory of shares which is not backed by grants but has been acquired through secondary acquisition by the trust has to be sold on the… Read More
The Companies (Management and Administration) Third Amendment Rules, 2015
CLR Note: The Ministry of Corporate Affairs has issued a rule dated November 16, 2015 in reference with The Companies (Management and Administration) Third Amendment Rules, 2015. The notification is as below: Government of India Ministry of Corporate Affairs Notification New Delhi, 16.11.2015 G.S.R. (E),-In exercise of the powers conferred under sub-sections (2) and (3) of section 92 read with… Read More
Investor Grievance Redressal System and Arbitration Mechanism
CLR Note:The Securities and Exchange Board of India(SEBI) has issued a circular CIR/CDMRD/DIECE/02/2015 dated November 16, 2015 for Investor Grievance Redressal System and Arbitration Mechanism. CIRCULAR CIR/CDMRD/DIECE/02/2015 November 16, 2015 To The Managing Directors / Chief Executive Officers All National Commodity Derivatives Exchanges Sir/Madam, Sub: Investor Grievance Redressal System and Arbitration Mechanism 1. Pursuant to Section 131 of the… Read More
Annual System Audit, Business Continuity Plan(BCP) and Disaster Recovery (DR)
CLR Note: The Securities and Exchange Board of India(SEBI) has issued a circular CIR/CDMRD/DEICE/01/2015 dated November 16, 2015 for Annual System Audit, Business Continuity Plan(BCP) and Disaster Recovery (DR) CIRCULAR CIR/CDMRD/DEICE/01/2015 November 16, 2015 To The Managing Directors / Chief Executive Officers All National Commodity Derivatives Exchanges Sir/Madam, Sub: Annual System Audit, Business Continuity Plan(BCP) and Disaster Recovery (DR) 1.… Read More
CLR Flash: Version of Form MGT-7 which are likely to be modified under Companies Act, 2013
The Ministry Of Corporate Affairs(MCA) has introduced the Version of Form MGT-7 which are likely to be modified w.e.f 17th Nov 2015 at 08:00PM. Stakeholders are requested to plan accordingly. Read More
Amendments in Companies Act, 2013 for clarity on CSR norms
Government is likely to make further amendments in the Companies Act along with changes in certain rules as part of its efforts to provide more clarity on Corporate Social Responsibility (CSR) provisions. A government appointed high level panel recently submitted recommendations on CSR norms to the Corporate Affairs Ministry, which is implementing the Act. Under the Companies Act, 2013, certain… Read More
Streamlining the Process of Public Issue of Equity Shares and Convertibles
CLR Note: The Securities and Exchange Board of India has issued a circular CIR/CFD/POLICYCELL/11/2015 dated November 10, 2015 in Streamlining the Process of Public Issue of Equity Shares and Convertibles. CIRCULAR CIR/CFD/POLICYCELL/11/2015 November 10, 2015 To Recognised Stock Exchanges Depositories Registered Stock Brokers Registered Merchant Bankers Registered Registrars to an Issue and Share Transfer Agents Registered Depository Participants Registered Bankers… Read More
Companies (Share Capital and Debentures) Third Amendment Rules, 2015
CLR Note: The Ministry of Corporate Affairs has issued a notification dated 6th November 2015 amending Rule 18 of Companies (Share Capital and Debentures) Rules,2014. The relevant notification is reproduced below: --- Government of India Ministry of Corporate Affairs Notification New Delhi, 6th November, 2015 G.S.R.- ln exercise of the powers conferred by sub-sections (l) and (2)… Read More
Companies (Share Capital and Debentures) Third Amendment Rules, 2015
CLR Note: The Ministry of Corporate Affairs has issued a notification dated 6th November 2015 amending Rule 18 of Companies (Share Capital and Debentures) Rules,2014. The relevant notification is reproduced below: --- Government of India Ministry of Corporate Affairs Notification New Delhi, 6th November, 2015 G.S.R.- ln exercise of the powers conferred by sub-sections (l)… Read More
Securities and Exchange Board of India (SEBI) introduces the Format for Business Responsibility Report (BRR)
CIRCULAR CIR/CFD/CMD/10/2015 November 04, 2015 To All Listed Entities All the Recognized Stock Exchanges Dear Sir/Madam, Sub: Format for Business Responsibility Report (BRR) 1. At a time and age when enterprises are increasingly seen as critical components of the social system, they are accountable not merely to their shareholders from a revenue and profitability perspective… Read More
Securities and Exchange Board of India (SEBI) Introduces the Format for quarterly holding pattern, disclosure norms for corporate governance report and manner for compliance with two-way fungibility of Indian Depository Receipts (IDRs)
CIRCULAR CIR/CFD/CMD/9/2015 November 04, 2015 To The Managing Director/Executive Director, All recognised Stock Exchanges. The Managing Director/Executive Director, All Depositories. Dear Sir/Madam, Sub: Format for quarterly holding pattern, disclosure norms for corporate governance report and manner for compliance with two-way fungibility of Indian Depository Receipts (IDRs) 1. In terms of sub regulation (1) of regulation… Read More
Major Points out of Press Conference of FM Mr. Arun Jaitley on outcome of SIT on Shell Companies
1) SIT(Special Investigation Team) in 3rd report had made recommendations with respect to Shell Companies & Beneficial Ownership. 2) It is observed that 2627 persons are holding Directorship in more than 20 Companies in violation to Companies Act, 2013. 3) The total number of Companies involved is 77696. 4) A total of 345 addresses have… Read More
FAQs on SEBI (Delisiting of Equity Shares) Regulations, 2009
Frequently Asked Questions on SEBI (Delisiting of Equity Shares) Regulations, 2009 These FAQs offer only a simplistic explanation/clarification of terms/concepts related to the SEBI (Delisting of Equity Shares) Regulations, 2009 [Delisting Regulations, 2009]. Any such explanation/clarification that is provided herein should not be regarded as an interpretation of law nor be treated as a binding opinion/guidance from… Read More
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