Company Law - Corporate Law Reporter

Companies Act 2013 – Simplified – A book by eMinds Legal

The Companies Act, 2013 was passed by the Lok Sabha on 18th December, 2012, by Rajya Sabha on 8th August, 2013, received assent of our Hon™ble President Shri Pranab Mukherjee on 29th August, 2013, and finally published in the Gazette of India, Extraordinary, Part-II, Section-1, dated the 30th August, 2013 as Act No. 18 of 2013, thus repealing… Read More

EBI issues directions to MCX-SX Limited and MCX-SX Clearing Corporation Limited to strengthen their governance structure

SEBI has issued directions to MCX-SX Limited and MCX-SX Clearing Corporation Limited (MCX-SXCCL) to strengthen their governance structure while granting the renewal of recognition to MCX-SX Limited for a period of one year commencing from September 16, 2013. The conditions imposed by SEBI are : 1. A committee comprising of two Public Interest Directors and… Read More

The Securities and Exchange Board of India (Amendment) Bill, 2013 Receives the Assent of the President

The Securities and Exchange Board of India (Amendment) Bill, 2013 Receives the Assent of the President Published in the Gazette of India as Act No. 22 of 2013 The Securities and Exchange Board of India (Amendment) Bill, 2013 has received the assent of the President of India. It has now been published in the Gazette… Read More

Companies Act, 2013 Important provisions which have become effective from 12th September, 2013

Companies Act, 2013 Important provisions which have become effective from 12th September, 2013 The Ministry of Corporate Affairs has notified 12th Septmber, 2013 as effective date for 98 sections of the Companies Act, 2013 (hereinafter referred as ˜the Act™) vide its notification dated 12th September, 2013. Certain important provisions (which have become effective) are briefly… Read More

Draft Forms in respect of Rules made live by MCA under Phase-I of Companies Act 2013

The Ministry of Corporate Affairs has released the Draft Forms under Draft Rules in First Phase and made them live for Public comments. Download the Draft forms from the download section below. Draft forms for Companies Act 2013 released by MCA Read More

Amendments to SEBI (Alternative Investment Funds) Regulations, 2012

1. Giving effect to the announcement in Budget for FY 2013-14 by Hon'ble Finance Minister on angel investor pools, amendments to SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations) have been notified thereby providing a framework for registration and regulation of angel pools under a sub-category 'Angel Funds' under Category I- Venture Capital Funds. 2. Salient features… Read More

SEBI Finalizes Regulations for Angel Funds

THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, SEPTEMBER 16, 2013 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 16th September, 2013 SECURITIES AND EXCHANGE BOARD OF INDIA (ALTERNATIVE INVESTMENT FUNDS) (AMENDMENT) REGULATIONS, 2013 No. LAD-NRO/GN/2013-14/24/6573.- In exercise of the powers conferred by sub-section (1) of section 30 read… Read More

SEBI Circular on Debt Allocation Mechanism for FII/QFI – Government debt securities

CIRCULAR CIR/IMD/FIIC/15/2013 September 13, 2013 To 1. All Foreign Institutional Investors (through their designated Custodians of Securities) 2. National Stock Exchange Limited 3. Bombay Stock Exchange Limited 4. National Securities Depository Limited 5. Central Depository Services (India) Limited Dear Sir / Madam Sub: Debt Allocation Mechanism for FII/QFI - Government debt securities 1. SEBI vide… Read More

CCI orders investigation against M/s ACI for alleged violation of Competition Act

Competition Commission of India (CCI) has ordered investigation against M/s ACI India, M/s ACI Worldwide and M/s ACI Asia Pvt. Limited (Respondents) on the allegations of contravention of provisions of Competition Act. CCI had issued the order under Section 26(1) of the Competition Act, 2002 on the basis of information filed by M/s Financial Software… Read More

CLR Urgent :: Clarification on Commencement Notification of 12.09.2013

General Circular No.15/2013 F.No.01/12/2o13-CL-V Government of lndia Ministry of Corporate Affairs 5th Floor,'A'Wing, Shastri Bhawan, Dr.Rajendra Prasad Road, New Delhi-1 Dated 13.09.2013 To All Regional Directors, All Registrar of Companies. Subject: Clarification on the notification dated 12.9.2013 Sir, The companies Act 2013 received the assent of the president on 29th August, 2013 and was notified in the… Read More

Commencement Notification CA2013 :: Miscellaneous :: Section 470 :: Power to remove difficulties

Chapter XXIX Miscellaneous (447 - 470) Section 470- Power to remove difficulties (1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order published in the Official Gazette, make such provisions, not inconsistent with the provisions of this Act, as appear to it to be necessary… Read More

Commencement Notification CA2013 :: Miscellaneous :: Section 469 :: Power of Central Government to make rules

Chapter XXIX Miscellaneous (447 - 470) Section 469- Power of Central Government to make rules (1) The Central Government may, by notification, make rules for carrying out the purposes of this Act. (2) Without prejudice to the generality of the provisions of sub-section (1), the Central Government may make rules for all or any of… Read More

Commencement Notification CA2013 :: Miscellaneous :: Section 468 :: Power of Central Government to make rules relating to winding up

Chapter XXIX Miscellaneous (447 - 470) Section 468- Power of Central Government to make rules relating to winding up (1) The Central Government shall, make rules consistent with the Code of Civil Procedure, 1908 providing for all matters relating to the winding up of companies, which by this Act, are to be prescribed, and may… Read More