Legal Updates - Corporate Law Reporter

MCA notifies National Financial Reporting Authority Rules, 2018

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 13 Novermber, 2018 G.S.R._____(E). ln exercise of the powers conferred under sub-sections (2) and (4) of section 132, sub-section (1) of section 139 and sub-section (1) of section 469 of theCompaniesAct,2013(18 of 2013), the central government hereby makes the following rules , namely:- 1. Short title and commencement.-… Read More

Guidelines for Enhanced Disclosures by Credit Rating Agencies (CRAs)

CIRCULAR SEBI/ HO/ MIRSD/ DOS3/ CIR/ P/ 2018/ 140 November 13, 2018 To All Credit Rating Agencies registered with SEBI All Recognized Stock Exchanges All Depositories Dear Sir/ Madam, Sub: Guidelines for Enhanced Disclosures by Credit Rating Agencies (CRAs) SEBI has constantly endeavoured to enhance the quality of disclosures made by the CRAs. In pursuance… Read More

MCA invites comments on amendments in the Companies Act 2013

Government of India Ministry of Corporate Affairs Subject:- Amendments in the Companies Act, 2013 NOTICE INVITING COMMENTS Pursuant to the recommendations made by “Committee to review the offences under the Companies Act, 2013”, the Companies (Amendment) Ordinance, 2018 has been promulgated on 2nd November, 2018. During examination of such recommendations, the Ministry of Corporate affairs… Read More

Standardised norms for transfer of securities in physical mode:SEBI

Securities and Exchange Board of India CIRCULAR SEBI/HO/MIRSD/DOS3/CIR/P/2018/139 November 6, 2018 To, All Registrars to an Issue and Share Transfer Agents registered with SEBI All Listed entities (Through Stock Exchanges) All Recognised Stock Exchanges Dear Sir / Madam, Subject: Standardised norms for transfer of securities in physical mode 1. Vide Regulation 40 and Schedule VII… Read More

President gives assent to Companies (Amendment) Ordinance, 2018

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 2nd November, 2018/Kartika 11, 1940 (Saka) THE COMPANIES (AMENDMENT) ORDINANCE, 2018 No 9 OF 2018 Promulgated by the President in the Sixty-ninth Year of the Republic of India. An Ordinance further to amend the Companies Act, 2013. WHEREAS Parliament is not in session and the President is… Read More

SEBI streamlines process of public issue of equity shares and convertibles

SECURITIES EXCHANGE BOARD OF INDIA CIRCULAR SEBI/HO/CFD/DIL2/CIR/P/2018/138 November 1, 2018 To Recognized Stock Exchanges Depositories Registered Stock Brokers Registered Merchant Bankers Registered Registrars to an Issue and Share Transfer Agents Registered Depository Participants Registered Bankers to an Issue National Payments Corporation of India Dear Sir/ Madam, Sub: Streamlining the Process of Public Issue of Equity… Read More

MCA designates ROC at Vijayawada for the State of Andhra Pradesh

Ministry of Corporate Affairs Notifications NewDelhi, Dated: 25.10.2018 S.o.-(E) In exercise of the power conferred by sub-sections-(1) and (2) of section 396 of the Companies Act, 2013(18 of 2013) (herein after reffered to as the the said Act), the Central Government hereby establishes the office of the Registrar of Companies at Vijayawada, having territorial jurisdiction in the… Read More

MCA designates ROC cum OL at Dehradun for the State of Uttarakhand

Ministry of Corporate Affairs Notifications NewDelhi, Dated: 26.10.2018 S.o.-(E) In exercise of the power conferred by sub-sections-(1) and (2) of section 396 of the Companies Act, 2013(18 of 2013) (herein after reffered to as the the said Act), the Central Government hereby establishes the office of the Registrar of Companies cum Official Liquidator at Dehradun, having territorial… Read More

MCA amends the jurisdiction of Registrar of Companies for Uttarakhand, Hyderabad and Vijayawada

Ministry of Corporate Affairs Notifications New Delhi, Dated: 26.10.2018 S.O.-(E).- In exercise of the powers conferred by section 454 of the Companies Act, 2013 (18 of 2013) read with the Companies (Adjudication of Penalties) Rules, 2014, the Central Govemment hereby makes the following amendment in the notification number S.O.831 (E) dated the 24th March, 2015,… Read More

SEBI amends Regulatory Fee on Stock Exchanges w.e.f. 1st April 2018

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 23rd OCTOBER 2018 SECURITIES AND EXCHANGE BOARD OF INDIA (REGULATORY FEE ON STOCK EXCHANGES) (AMENDMENT) REGULATIONS, 2018 No. SEBI/LAD-NRO/GN/2018/45 In exercise of the powers conferred by Section 30 read with clause (k) of sub-section (2) of section 11 of the Securities and Exchange Board of India… Read More

MCA notifies commencement date of certain provisions of Section 132

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 24th October, 2018 S.O. 5385(E).—In exercise of the powers conferred by sub-section (3) of section 1 of the Companies Act, 2013 (18 of 2013), the Central Government hereby appoints the 24th October, 2018 as the date on which the sub-sections (2), (4), (5), (10), (13), (14) and… Read More

Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2018 notified

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 22nd October, 2018 THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (LIQUIDATION PROCESS) (SECOND AMENDMENT) REGULATIONS, 2018 No. IBBI/2018-19/GN/REG037 -In exercise of the powers conferred by clause (t) of subsection (1) of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31… Read More

IBBI notifies the Insolvency and Bankruptcy Board of India (Mechanism for Issuing Regulations) Regulations, 2018

Insolvency and Bankruptcy Board of India No. IBBI/PR/2018/32 22nd October, 2018 PRESS RELEASE IBBI notifies the Insolvency and Bankruptcy Board of India (Mechanism for Issuing Regulations) Regulations, 2018 The Insolvency and Bankruptcy Code, 2016 (Code) is a modern economic legislation. Section 240 of the Code empowers the Insolvency and Bankruptcy Board of India (IBBI) to… Read More