Company Law - Corporate Law Reporter

SEBI invites pension funds to invest in the stock market

The apex retirement fund regulator EPFO have began to invest in capital markets for the first time ever, however, the regulator SEBI has invited for similar investments by other pension funds as well. Welcoming the EPFO decision to invest five per cent of its incremental deposits into capital markets through Exchange Traded Funds (ETFs), other pension funds should also… Read More

National Company Law Tribunal (NCLT ) constitution may get delayed

The government is likely to get delayed in notifying the provisions concerning the National Company Law Tribunal (NCLT) and its appellate body (NCLAT). Till date, around 60 per cent of the Companies Act, 2013 ” which has a total of 470 sections and seven schedules ” has been notified and enforced. Most of the remaining… Read More

Sebi to align governance norms with Cos Act

The Securities and Exchange Board of India (Sebi) will align its corporate governance norms in accordance with amendments to the Companies Act legislated in May this year by Parliament. The ministry of corporate affairs (MCA) wrote to Sebi after the Companies Act was amended asking it to align its norms with the law. According to the amended Companies Act,… Read More

Mandatory filing of Cost Audit Reports in XBRL mode

The Ministry of Corporate Affairs (MCA), Government of India has mandated filing of cost audit reports in XBRL Mode. The Institute of Cost Accountants of India has developed Costing Taxonomy-2015 in this regard. The tenders have been floated by the apex body regulating the cost accountants and the same shall be available to use once… Read More

Stakeholders to be cautious while subscribing open offers by companies

Markets regulator Sebi asked investors to be 'alert' about public announcements of share purchase plans of the companies where they have invested.A company needs to issue a 'public announcement' in newspapers and through stock exchanges for the benefit of investors. The delisting and open offer decisions can impact the interest of shareholders in a big… Read More

Formats under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011(Regulations)

SEBI CIRCULAR CIR/CFD/POLICYCELL/3/2015, August 05, 2015 To All Recognised Stock Exchanges All Registered Merchant Bankers Dear Sir/Madam, Sub: Formats under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011(Regulations). 1. The formats for the reports/disclosures to be filed under the Regulations have been prescribed by SEBI vide circular No SEBI/CFD/DCR/SAST/ 1/2011/09/23 dated September 23, 2011,… Read More

SEBI releases FAQs on delisting of Securities

1. What is meant by delisting of securities? The term "delisting" of securities means permanent removal of securities of a listed company from a stock exchange. As a consequence of delisting, the securities of that company would no longer be traded at that stock exchange. 2. What is the difference between Voluntary delisting and… Read More

ICSI comes out with the responses to stakeholders queries w.r.t SS-1 & SS-2 under CA 2013

This is with reference to the announcement inviting queries/concerns from stakeholders on Secretarial Standard on Meetings of the Board of Directors (SS-1) and Secretarial Standard on General Meetings (SS-2) issued by ICSI, effective from 1st July 2015 by the Institute of Company Secretaries of India. In this regard, ICSI is pleased to inform you that the… Read More

SEBI seeks clarifications on InterGlobes’s (Indigo Airlines) 2500 crore IPO

The apex body for regulating the capital market has sought further clarifications from InterGlobe Aviation (Indigo Airlines) on its 2500 crore Initial Public Offer (IPO). As the company has made certain defaults while complying with the disclosure requirements for the initial public offer, SEBI has again asked the company to submit the clarifications w.r.t the… Read More

Sebi eases the Delisting Regulations

The Securities and Exchange Board of India has made the delisting norms easier by bringing out changes such as the promoters either will have to ensure that at least 25 per cent of minority shareholders participate in such a process or can demonstrate that the entire 100 per cent investors have been approached to ensure that… Read More

Version of Forms Form 20B, Form 23AC, Form 21A, Form 23ACA, Form 66, Form 23ACA (XBRL), Form 4 LLP, Form FC-4, Form 23B, Form FC-1, are modified w.e.f 1st Aug 2015

MCA has modify the Version of following Forms w.e.f 1st August 2015 Form 20B, (Form for filing annual return by a company having a share capital with the Registrar) Form 23AC, (Form for filing Balance Sheet and other documents with the Registrar) Form 21A,(Particulars of Annual Return for the Company not having share capital) Form 23ACA (Form for filing Profit and Loss account and other documents with the Registrar) Form 66, (… Read More

SEBI cautions investors not to invest in schemes offered by entities barred by SEBI from raising money or entities not registered with SEBI

Certain Collective Investment Scheme(s) (CIS) have come to the notice of SEBI, which are offered by entities which are not registered with SEBI nor offer document of such schemes have been filed with SEBI. Appropriate actions have been taken against such entities and its Directors and since January 01, 2011, SEBI has passed orders against 91 entities and… Read More

MCA aiming high initiatives on implementing changes under CA 2013

The mandate of the Ministry of Corporate Affairs primarily concerns administration of the legal framework within which companies registered in India are to operate along with some other connected matters. The Ministry of Corporate Affairs had initiated and is also initiating many changes essential to improve the legal framework, simplify procedures and speed up decision-making for ease… Read More