Company Law - Corporate Law Reporter

MCA Investor Awareness Programmes during the Current FY Cross the 800 Mark

During the Current Financial Year, a total of 801 Investor Awareness Programmes have been organized by the Ministry of Corporate Affairs in various parts of the country (till the end of October) through its 3 Professional Institutes: Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI) and the Institute of… Read More

Employment contract has nothing to do with the market of providing outsourced legal solutions

CLR Editorial Note: A case was filed with the Competition Commision of India by an ex-employee working with an organization providing Legal Outsourcing Services. According to the terms of the employment contract with the organization, a clause barred him from accepting employment with a competitor for a year after the resignation. This was challenged by the… Read More

MCA Electoral Trust Notification

(To be published in Part II, Section 3, Sub-section (ii) of the Gazette of India Extraordinary) Dated ,2013 Government of India Ministry of Corporate Affairs New Delhi, the 7th November, 2013 Order S.0 (E) In exercise of the powers conferred by sub-section (6) of section 25 of the Companies Act, 1956 (1 of 1956) (hereinafter referred to… Read More

Competition Commission of India imposes penalty on Tamilnadu Film Exhibitors™ Association

Competition Commission of India (CCI) has imposed a penalty of Rs.41,393/- on M/s Tamilnadu Film Exhibitors™ Association (TNFEA) (now known as Tamilnadu Theatre Owners™ Association). The penalty has been imposed in respect of information filed by M/s Reliance Big Entertainment Pvt. Ltd(RBEPL) alleging contravention of the provisions of Section 3 and 4 of the Competition… Read More

MCA extends dates for suggestions towards 3rd & 4th Tranche of Draft Rules under Companies Act 2013

The last date for the public at large for giving suggestions/ comments to the Ministry of Corporate Affairs regarding the 3rd and 4th tranche of Draft Rules being framed under the Companies Act, 2013 has been extended to the 10th of this month i.e. 10th November 2013. In these 2 phases, Draft Rules have been… Read More

Legal Status of Call and Put Options in India: Recent Scenario

Definition of 'Option' A financial derivative that represents a contract sold by one party (option writer) to another party (option holder). The contract offers the buyer the right, but not the obligation, to buy (call) or sell (put) a security or other financial asset at an agreed-upon price (the strike price) during a certain period… Read More

Role of SEBI in Capital Market: Developments and Challenges

INTRODUCTION The SEBI, that is, the Securities and the Exchange Board of India, is the national regulatory body for the securities market, set up under the securities and Exchange Board of India Act, 1992, to protect the interest of investors in securities and to promote the development of, and to regulate the securities market and… Read More

Issues pertaining to primary issuance of debt securities

CIRCULAR CIR/IMD/DF/18/2013 October 29, 2013 To All Recognized Stock Exchanges All Registered Merchant Bankers Dear Sir/Madam, Issues pertaining to primary issuance of debt securities SEBI has been holding discussions with issuers and various other market participants regarding the issues concerning development of Corporate Bond Market. Based on the suggestions received in the aforesaid meetings, it… Read More

Disclosure of Investor Complaints on websites of Stock Exchanges

CIRCULAR CIR/MIRSD/11/2013 October 28, 2013 To All Recognized Stock Exchanges Dear Sir / Madam, Sub: Disclosure of Investor Complaints on websites of Stock Exchanges 1. Please refer to SEBI Circular no. MRD/DoP/SE/Cir-10/2009 dated September 03, 2009 on the captioned subject which inter alia prescribes the formats for disclosing the details of complaints lodged by clients/investors… Read More

Standardisation and Simplification of Procedures for Transmission of Securities

CIRCULAR CIR/MIRSD/10/2013 October 28, 2013 To All recognized Stock Exchanges All Registrars to an Issue and Share Transfer Agents registered with SEBI All Depositories, Sir / Madam, Sub: Standardisation and Simplification of Procedures for Transmission of Securities 1. SEBI has reviewed the process being followed by the Share Transfer Agents (STAs) and the Depositories /… Read More

MCA redesigning Portal – invites Suggestions

The Ministry of Corporate Affairs is in the process of re-designing the MCA website. In this regard, they have created a sample demo of the website. Suggestions and feedback are invited from all users till 10th Nov 2013. User are requested to look around, try out the new design. You can click on the link… Read More

4th tranche of Draft rules under Companies Act 2013 uploaded for comments

The Ministry of Corporate Affairs has uploaded the 4th tranche of Draft Rules under Companies Act 2013 covering the Investor Education And Protection Fund Authority Rules, 2013. The last day for receiving suggestion submission is 5th November 2013. Download the Rules from the download section below. 4th tranche of Draft rules under Companies Act 2013 Read More

Date Extended for Giving Suggestions on the 3rd Tranche of Draft Rules Being Framed under the Companies Act 2013

The Ministry of Corporate Affairs has extended by 4 days the last date for accepting suggestions/ comments for the 3rd tranche of Draft Rules being framed under the Companies Act, 2013. Now, such suggestions/ comments can be given till 5th November 2013. In this phase, following 3 Chapters have been covered: 1. Chapter V -… Read More