Company Law - Corporate Law Reporter

Delegation of powers to RDs u/s 94(5) read with section 458 of CA, 2013

The ministry of corporate affairs has issued a notification dated 31st March, 2014 in exercise of the powers conferred by section 458 of the Companies Act, 2013 (18 of 2013), the Central Government hereby delegates to the Regional Directors at Mumbai, Kolkata' chennai' Noida' Ahmedabad' Hyderabad and Shillong, the powers and tunctions vested in it… Read More

Companies (Acceptance of Deposits) Amendment Rules, 2015

In exercise of the powers confered by sections 73 and 76 read with sub-section (l) of section 469 of the Companies Act, 2013 (lg of 2013), the Central Government hereby makes the following rules further to amend the Comparies (Acceptance of Deposits) Rules, 20 I 4, namely:- 1. (l) These rules may be called the… Read More

Amount received by private companies from their members, directors or their relatives before lst April, 2014 – Clariflcation regarding applicability of Companies (Acceptance of Deposits) Rules, 20l4

The Ministry of Corporate Affairs has issued a General Circular No. 5/2015 dated 30th March, 2015 to provide clarification on the amounts received by the private companies before the commencement of the Act which is as follows: 1.Stakeholders have sought clarifications as to whether amounts received by private companies from their members, directors or their… Read More

Establishment of connectivity with both the Depositories NSDL and CDSL Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement

It was prescribed vide SEBI circular no D&CC/FITTC/CIR-05/2001 dated December 26, 2001 that "the scrips of such companies which have not signed agreements and established connectivity with both the Depositories by September 30, 2001 shall be traded on Trade for Trade Settlement (TFTS) mode in the Rolling Settlement from December 31, 2001. These scrips will… Read More

SEBI sets cap on application money; requires issuer to demand 25% of issue price in case of part payment

1.These regulations may be called the SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2015. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, (i) in regulation 4, in sub-regulation… Read More

Amendments made to SEBI’s important regulations

SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE AND LISTING OF DEBT SECURITIES) (AMENDMENT) REGULATIONS, 2015 The Board has come out with certain alterations in Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, by making amendments in the following regulations: ”€ i. After Regulation 17, a new… Read More

Listed Companies mandatory to have Women Directors by 31.03.2015

The Securities and Exchange Board of India vide its circular dated 17th April, 2014 has made it mandatory for all the listed companies to appoint atleast one Woman Director on their Board of Directors by 31stMarch, 2015 in alignment with the requirement of Section 149 of the Companies Act, 2013, under corporate governance norms. With… Read More

Companies (Share Capital & Debentures) Amendment Rules, 2015

The Ministry of Corporate affairs has issued a Notification w.r.t Companies (Share Capital & Debentures) Amendment Rules, 2015 dated 18th March, 2015 which says that In exercise of the powers conferred under sub-clause (ii) of clause (a) of section 43, sub-clause (d) of sub-section (1) of section 54, subsection (2) of section 55, sub-section (1)… Read More

Companies (Management & Administration) Amendment Rules, 2015

The Ministry of Corporate Affairs has issued a Notification dated 19th March, 2015 w.r.t Companies (Management & Administration) Amendment Rules, 2015, which says that in exercise of the powers conferred by section 108 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes… Read More

Companies (Meetings of Board & its Powers) Amendment Rules, 2015

The Ministry of Corporate Affairs has issued a General Notification with respect to the Companies (Meetings of Board & its powers) Amendment Rules, 2015 dated 18th March, 2015, and which says that in exercise of the powers conferred under sections 173, 175, 177, 178, 179, 184, 185, 186, 187, 188, 189 and section 191 read… Read More

SEBI all set to expand the probe on the Insider Trading Practitioners

As a probe continues into alleged leak and sale of secret government documents, regulator Sebi is looking into suspected use of such information for 'insider trading' in stocks through a nexus between CAs, brokers and market operators. Sebi first began looking into the matter last month after a Delhi Police crackdown on a suspected 'corporate… Read More

SAT quashed SEBI’s adjudicating order against Real Estate giant DLF

The Securities Appellate Tribunal (SAT) on Friday quashed a Securities and Exchange Board of India (Sebi) order against realty firm DLF, lifting a capital markets ban on the company™s promoters and related entities. The case relates to alleged non-disclosure of information by the company during its initial public offering (IPO) in 2007, which had garnered… Read More

Availability of new e-Forms at MCA portal w.e.f 11th March, 2015

The Ministry of Corporate affairs has issued a General Notice to inform all the stakeholders regarding the availability of the certain new e-Forms on the MCA portal with effect from 11th March, 2015. The following e-Forms shall be available: Form MGT-3 : Notice of situation or change of situation or discontinuation of situation, of place where… Read More