Company Law - Corporate Law Reporter

Amendments in Clause 49 of the Listing Agreement

The Securities and Exchange Board of India has issued a circular in continuation of circular dated 17th April, 2014 w.r.t amendments made in clause 35B and 49 of the listing agreement. Also, further the Ministry of Corporate Affairs has issued various circulars after the commencement of the Companies Act, 2013 with regard to the appointment… Read More

Companies (Corporate Social Responsibility) Amendment Rules, 2014

The Ministry of Corporate Affairs has issued Companies (Corporate Social Responsibility) Amendment Rules, 2014 dated 12th September, 2014 by making amendment in Sub-rule 6 of rule 4 of the Companies (Corporate Social Responsibility) Rules, 2014. The amended sub-rule 6 shall be as follows: Companies may build CSR capacities of their own personnel as well as… Read More

SEBI (ICDR) Second Amendment Regulations, 2014: Anchor Investors and Preferential Issues

The Securities and Exchange Board of India issued SEBI (Second Amendment) Regulations, 2014 pertaining to the raising of the investment limits of the anchor investors and also relating to the preferential issues. This circular shall be made applicable on or after the date of the circular. In order to remove the difficulties the impact of… Read More

Version of Form DIR-11, DIR-12, MGT-14 and Refund Forms changed w.e.f. 13th September, 2014

The Ministry of Corporate Affairs had issued a General Notice informing the stakeholders on 13th September, 2014 about the change in the version of certain forms under Companies Act, 2013 namely DIR-11, DIR-12, MGT-14 and refund forms. All the stakeholders are requested to download and fill the latest version of the forms and the updated… Read More

Companies (Removal of Difficulties) Seventh Order, 2014

The Ministry of Corporate Affairs has issued an order dated 4th September, 2014 to clarify the issues with respect to 143 of the Companies Act, 2013. In section 143 of the Companies Act, 2013 in sub-section (5), for the portion beginning with the words " In the case of a Government company" and ending with the… Read More

Share Application Money Pending Allotment to be reported to ROC in Form 5 INV

A brief analysis of the provisions of Investor Education and Protection Fund and the rules made there under. As the companies are receiving notices from ROC for non-filing of Form5 INV the following are the compliances required for avoiding the non-compliance. The Investors Education & Protection Fund (IEPF) rules make it mandatory to file Form… Read More

SEBI disseminates information regarding Grievance Redressal Mechanism

The Securities and Exchange Board of India has been taking various measures to create awareness among the investors about grievance mechanisms available through various worshops and electronic media. As an additional obligation, all those who deal in the business of securities, brokers and all the sub- brokers and depository participants shall display the basic information… Read More

Clarification for Accounting Standard 10 w.r.t Capitalization of Costs

The Ministry of corporate affairs has issued a general circular no. 35 with respect to provide clarification on Accounting Standard 10 issued by Institute of Chartered Accountants of India. The clarifications were sought with respect to Capitalization of borrowing costs incurred during the extended delay in commercial production beyond the developer's control and whether Capitalization… Read More

MCA General Information w.r.t availability and version of certain e-forms

The Ministry of Corporate Affairs has issued a General Notice dated 30th August, 2014 for all the stakeholders informing that the e-Form prescribed under the Company Law Settlement Scheme, 2014 Form CLSS-2014, shall be made available from 1st September, 2014. All such Companies covered under such scheme planning to avail the benefit of such scheme… Read More

Revised format for disclosure under Regulation 30 of SEBI ( Substantial Acquisition of shares & Takeover) Regulations, 2011

The Securities and Exchange Board of India (SEBI) vide circular dated 25th August, 2014 has issued revised disclosure format for reporting under Regulation 30 of SEBI ( Substantial Acquisition of shares & Takeover) Regulations, 2011. This circular shall come into force with immediate effect. Regulation 30 of SEBI ( Substantial Acquisition of shares & Takeover) Regulations, 2011… Read More

SEBI to act firm in high – profile insider trading cases

The apex regulatory body of the Capital Market Securities and Exchange Board of India is acting firm to sensitize the manipulators. SEBI is initiating harsh actions in cases of high-profile insider trading and also glaring the violations thereof. A revision of nearly two-decade old set of insider trading regulations is currently underway and the new… Read More

Government asks SEBI to relax norms w.r.t Follow-on public offerings (FPO)

The government has asked market regulator Securities and Exchange Board of India (Sebi) to allow relaxations in rules for follow-on public offerings (FPOs). For the 2014-15 disinvestment programme, the Centre intends to give more weight to the FPO route than the offer-for-sale (OFS) route, to ensure better participation from retail investors. Both FPO and OFS routes are… Read More

Repository of Independent Directors operationalised

As per Section 152 of the Companies Act, 2013 which contains the provisions of the Manner of appointment of Independent Directors, which may be done by accessing the data bank to be maintained by any institution in this regard which shall be authorized by the Central Government. In the light of above, by the virtue… Read More