Company Law - Corporate Law Reporter

SEBI clarification on Investments by FIIs/QFIs in Credit Enhanced Bonds

CIRCULAR CIR/IMD/FIIC/ 19 /2013 November 28, 2013 To All Foreign Institutional Investors through their designated Custodians of Securities The Managing Directors NSDL and CDSL Sir / Madam, Sub: Investments by FIIs/QFIs in Credit Enhanced Bonds On September 10, 2012, Government of India decided to permit Foreign Institutional Investors (FIIs) to invest in Credit Enhanced INR… Read More

CCA Ordered mandating generation of DSCs on Tokens only w.e.f 25th Nov 2013

F.No.CCA/DC(T)/2013-98 (pt.) Government of India Ministry of Communications & Information Technology Department of Electronics & Information Technology Office of Controller of Certifying Authorities New Delhi 25th October 2013 OFFICE ORDER The Security of Private keys corresponding to the DSCs being issued by Certifying Authorities (CA) to subscribers has always been a matter of concern. In… Read More

Institutional Trading Platform…A Foot Forward….

SEBI (LISTING OF SPECIFIED SECURITIES ON INSTITUTIONAL TRADING PLATFORM) REGULATIONS, 2013 India Inc. can from a bird™s eye view does not consist of only the bigger players in the market. Apart from the bigger players there consist a considerable percentage of the smaller players who have been consistently in pursuit of inorganic and organic expansions… Read More

Chairman Of The Board And Chairman Of The General Meetings

CHAIRMAN OF THE BOARD AND CHAIRMAN OF THE GENERAL MEETINGS Abstract The responsibility for the conduct of a meeting rests primarily on the chairman. The chairman is entrusted with the task to call the speakers, regulate the length of their speeches, deal with the items of the business in order, put motions to the meeting… Read More

Competition Commission of India and DG, Competition of the European Commission sign MOU on Cooperation in the Field of Competition Laws

Competition Commission of India (CCI) and the Directorate General for Competition of the European Commission (DG, Competition) have signed a Memorandum of Understanding on Cooperation in the Field of Competition Laws. The MoU was signed during the ongoing 3rd BRICS International Competition Conference at New Delhi today by Mr Joaquin Almunia, Vice President for Competition,… Read More

Suggestions Invited for the 5th and 6th Tranche of Draft Rules Under the Companies Act 2013

The Ministry of Corporate Affairs has invited suggestions/ comments for the 5th and 6th tranche of Draft Rules being framed under the Companies Act, 2013. Under the 5th tranche, Draft Rules for Winding-Up have been put up; while under the 6th tranche, Draft Rules for Cost Audit have been put up for giving suggestions/ comments.… Read More

Heads of Competition Authorities of BRICS sign “Delhi Accord” at the 3rd BRICS International Competition Conference

The Heads of the Competition Authorities of the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People™s Republic of China and the Republic of South Africa signed a Joint Accord namely ˜DELHI ACCORD™ on November 22, 2013 during the ongoing 3rd BRICS International Competition Conference (ICC) at New Delhi. BRICS Competition… Read More

SEBI issues Discussion Paper on ‘Review of guidelines governing stock related employee benefit schemes’

SEBI has issued a discussion paper on 'Review of guidelines governing stock related employee benefit schemes', for public comments. SEBI has issued SEBI (ESOS & ESPS) Guidelines, 1999 to enable listed companies to reward their employees through stock option schemes and stock purchase schemes. Based on the requests/ suggestions/ recommendations received from various market participants,… Read More

PM to inaugurate 3rd BRICS International Competition Conference 2013 on 21st November, 2013

Dr. Manmohan Singh, Hon™ble Prime Minister of India will inaugurate 3rd BRICS International Competition Conference (ICC) on Thursday, the 21st November, 2013 in a function at New Delhi. The 2-day conference is being organised by Competition Commission of India (CCI) on behalf of BRICS countries in pursuance of the Beijing Consensus, New Delhi Declaration and Action Plan adopted at Fourth BRICS Leaders Summit… Read More

MCA Clarification on applicability of Section 185 of Companies Act 2013 and Section 372A of the Companies Act, 1956

CLR Editorial Notes: After some of the Companies Act 2013 Sections were notified, the Ministry of Corporate Affairs received several suggestions and representations regarding the notification of Section 185 of Companies Act 2013 (which deals with loans to Directors - and which corresponds to Section 295 of the Companies Act, 1956). This comes at a… Read More

Draft Regulations -SEBI (Procedure for Search and Seizure) Regulations, 2013, for public comments.

Draft Regulations -SEBI (Procedure for Search and Seizure) Regulations, 2013, for public comments. 1. Securities Laws (Amendment) Second Ordinance, 2013 was promulgated on September 16, 2013 conferring explicit powers on the Chairman, SEBI to authorise Investigating Authority or any other officer of SEBI to conduct search and seizure under sub-section (8) of section 11C of… Read More

Compliance with the provisions of Equity Listing Agreement by listed companies Monitoring by Stock Exchanges

CIR/CFD/POLICYCELL/13/2013 November 18, 2013 To All Recognised Stock Exchanges Dear Sir(s)/Madam(s), Sub: Compliance with the provisions of Equity Listing Agreement by listed companies - Monitoring by Stock Exchanges 1. The Equity Listing Agreement mandates listed companies to make periodic and event based disclosures which are price sensitive in nature and which will have bearing on… Read More

Roles & Responsibilities of an Independent Director under Companies Act 2013 – Conference

ASSOCHAM Presents National Seminar on Independent Director - Role & Responsibilities under Companies Act 2013 - Wednesday, 11th December 2013 Hotel Royal Plaza, New Delhi The provisions of the… Read More