Company Law - Corporate Law Reporter

Version of certain forms under Companies Act, 2013 changed by MCA

The Ministry of Corporate Affairs has modified version of certain forms w.e.f form 3rd September, 2015 as listed below. Hence, the stakeholders are requested to plan their filings accordingly. The forms notified w.e.f. 3rd September, 2015 are as follows: 1. Form 4 LLP 2. Form 31 LLP 3. Form 29 LLP 4. Form 8 LLP… Read More

Sebi notifies Revised Listing Obligations and Disclosure Requirements under Regulations, 2015

PR No. 226/2015 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) SEBI has notified SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) on September 2, 2015, after following the consultation process. A time period of ninety days has been given for implementing the Regulations. However, two provisions of the regulations,… Read More

Government shifts Regulation of Commodity Derivaties Market to SEBI with effect from 28th September,2015.

02-September-2015 Government issues notification to Repeal the FCRA, 1952 and shift the Regulation of the Commodity Derivaties Market to SEBI with effect from 28th September,2015. In exercise of powers conferred by Sections 131 and 133 of the Finance Act, 2015 (20 of 2015), the Central government hereby appoints the 28th Day of September, 2015 as… Read More

Extension of time for filing of cost audit report to the Central Government for the Financial Year 2014-2015 in form CRA-4

The Ministry of Corporate Affairs has General Circular No. 12/2015 dated 1st September, 2015 extending the last date for filing of Form CRA-4 without any penalty/late fee. To access the complete circular, please click below: Extension of time for filing of cost audit report to the Central Government for the Financial Year 2014-2015 in form… Read More

Guidelines on Investment in Exchange Traded Funds with G Sec Underlying (GILT-ETF)

Ref:IRDA/F&I/CIR/INV/156/08/2015 Date:28-08-2015 CIRCULAR The CEOs of all lnsurers, Sub:Guidelines on Investment in Exchange Traded Funds with… Read More

Companies (Management and Administration) Amendment Rules, 2015

The Ministry of Corporate Affairs has issued a notification dated 28th August, 2015 of the Companies (Management and Administration) Amendment Rules, 2015 to bring out necessary amendments in the interest of the stakeholders. Please click on the below link to access the amendment notification. Companies (Management and Administration) Amendment Rules, 2015 Read More

Guidance Note on SEBI (Prohibition of Insider trading) Regulations, 2015

The Securities and Exchange Board of India issued SEBI (Prohibition of Insider trading) Regulations, 2015 dated 15th January, 2015 which came into effect from 15th May, 2015. Subsequently, SEBI received certain queries from the stakeholders seeking guidance on the interpretation of some provisions of the regulations and SEBI has powers to issue such clarifications vide… Read More

Majority not aware of sexual harassment at workplace legislation

Even though the government is trying hard to tap the employers not adhering to law pertaining to sexual harassment of women at workplace, a huge mass of the private sector is yet to have any awareness about the regulation. A recent survey carried out on compliance of the Sexual Harassment of Women at Workplace (Prevention,… Read More

Final draft of National Company Law Appellate Tribunal service condition Rules of Chairperson and Members to be notified soon

In exercise of the powers conferred by section 469 read with section 414 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules: 1. Short title and commencement 2. Definitions 3. Pay 4. Pension, Gratuity or Provident Fund 5. Leave 6. Leave sanctioning authority. 7. Travelling allowances 8. Official… Read More

Final draft of National Company Law Tribunal service condition Rules of President and Members to be notified soon

In exercise of the powers conferred by section 469 read with section 414 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules, namely:- 1. Short title and commencement. 2. Definitions. 3. Pay. 4. Pension, Gratuity or Provident Fund.l. 5. Leave. 6. Leave sanctioning authority. 7. Travelling allowances. 8.… Read More

Consultation Paper for Amendments to the SEBI (Infrastructure Investment Trusts) Regulations, 2014

SEBI has issued a Consultation Paper for "Amendments to the SEBI (Infrastructure Investment Trusts) Regulations, 2014" on the website for public comments. Comments are invited on the Consultation Paper latest by September 06, 2015 Stakeholders are requested to access the consultative paper by clicking at the below link. SEBI Issues Consultation Paper for Amendments to… Read More

Modi government to constitute 12 Tribunals for resolving corporate frauds

The Narendra Modi government has begun the process to constitute National Company Law Tribunals (NCLT), a comprehensive body for resolving corporate insolvencies. The Tribunal will replace the Company Law Board and the Board for Industrial and Financial Reconstruction. The government has initiated the process to constitute the tribunal in phases and as per available information,… Read More

FAQs on XBRL eForms (Form 23AC-XBRL and Form 23ACA-XBRL)

1. Whether the existing Form 23AC and Form 23ACA are to be used for filing balance sheet and profit and loss account in XBRL mode? No, the existing Form 23AC and Form 23ACA are not to be used for filing balance sheet and profit and loss account in XBRL mode. For this, new Form 23AC-XBRL… Read More