Legal Updates - Corporate Law Reporter

Relaxation of additional fees for filing Form IEPF-1

General Circular No 10/2016 No.05/05/2016-IEPF Government of India Ministry of Corporate Affairs 5th Floor, “A” Wing, Shastri bhawan, Dr. R.P. Raod, New Delhi-110001 Dated: - 07.09.2016 To The IEPF Authority, All Regional Directors, All Registrar of Companies, All Stakeholders, Subject: Relaxation of additional fees for filing Form IEPF-1 Sir, The Ministry had deployed the V2R2 … Read More

Companies (Mediation and Conciliation) Rules

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION(i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 9th September, 2016 G.S.R(E)- In exercise of the powers conferred under section 442 read with section 469 of the Companies Act, 2013(18 of 2013), the Central Government hereby makes the… Read More

MCA releases Commencement notification dated 09.09.2016

[To be published in the Gazette of India, Extraordinary Part II, Section 3, Sub-Section(ii)] Government of India Ministry of Corporate Affairs Notification New Delhi, the 9th September, 2016 S.O.____(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 9th September, 2016 as… Read More

ICAI President’s Message – September 2016

Dear professional colleagues, The whole nation celebrates 5th September as Teachers’ Day, which is the birthday of our second President Dr. Sarvepalli Radhakrishnan. He had said that teachers should be the best minds in the country. We are what our parents and teachers want us to be. Dr. A. P. J. Abdul Kalam said: If… Read More

Income Tax Return due date extended to 17th October 2016 due to IDS 2016

F.No. 225/195/2016-ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, ITA.II Divison New Delhi, the 9th September, 2016 Order under Section 119 of the Income-Tax Act, 1961 The last date for making declarations under the Income Tax Declaration Scheme 2016 is 30th September, 2016 which coincides with… Read More

Transaction Charges by Commodity Derivatives Exchanges

CIRCULAR SEBI/HO/CDMRD/DMP/CIR/P/2016/82 September 07, 2016 To, The Managing Directors / Chief Executive Officers of All Commodity Derivatives Exchanges Sir / Madam, Sub: Transaction Charges by Commodity Derivatives Exchanges 1. The Commodity Derivatives Exchanges are collecting transaction charges from the members for the trades executed on their trading platform. In order to promote competition in the… Read More

Daily Price Limits (DPL) for Non-Agricultural Commodity Derivatives/ First Day DPL for All Commodity Derivatives

CIRCULAR SEBI/HO/CDMRD/DMP/CIR/P/2016/83 September 07, 2016 To, The Managing Directors / Chief Executive Officers National Commodity Derivatives Exchanges Sir / Madam, Sub.: Daily Price Limits (DPL) for Non-Agricultural Commodity Derivatives/ First Day DPL for All Commodity Derivatives 1. As per Section 131(4) of Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments,… Read More

Restrictions on Promoters and Whole-Time Directors of Compulsorily Delisted Companies Pending Fulfillment of Exit Offers to the Shareholders

CIRCULAR SEBI/HO/CFD/DCR/CIR/P/2016/81 September 07, 2016 To All Listed Entities All Registered Registrar & Share Transfer Agents All Depositories All Recognised Stock Exchanges Dear Sir/Madam, Sub: Restrictions on Promoters and Whole-Time Directors of Compulsorily Delisted Companies Pending Fulfillment of Exit Offers to the Shareholders 1. In terms of section 21A of the Securities Contracts (Regulation) Act,… Read More

Guidelines for Due Date Rate (DDR) fixation for Regional Commodity Derivatives Exchanges

CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2016/79 September 07, 2016 To, The Managing Directors/Chief Executve Officers, Regional Commodity Derivatives Exchanges Sir/Madam, Sub: Guidelines for Due Date Rate (DDR) fixation for Regional Commodity Derivatives Exchanges 1. As per Section 131 (4) of the Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhile Forward… Read More

Mechanism for regular monitoring of and penalty for shortcollection/non-collection of margins from clients

CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2016/80 September 07, 2016 To, The Managing Directors/Chief Executve Officers, National Commodity Derivatives Exchanges Sir/Madam, Sub: Mechanism for regular monitoring of and penalty for shortcollection/non-collection of margins from clients 1. As per Section 131 (4) of the Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhile… Read More

Unavailability of MCA Portal on 10th Sep, 2016

The MCA21 system will be unavailable from 8:00am to 6:00pm IST on Saturday, 10th Sep 2016 for system maintenance. Stakeholders are requested to plan accordingly. Read More

Enquiry or investigation in respect of document/evidence relating to Income Declaration Scheme (IDS), 2016 found during the course of Search u/s 132 or Survey action u/s 133A of the Income-tax Act,1961

Circular No. 32 of 2016 F.No.299/124/2016/IT-Inv.III Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Investigation Division) Ground Floor, E-2, ARA Centre, Jhandewalan Extn. New Delhi-110 055. Date: 01/09/2016. Sub: Enquiry or investigation in respect of document/evidence relating to Income Declaration Scheme (IDS), 2016 found during the course of Search… Read More

IEPFA (Appointment of Chairperson and Members, holding of meetings and Provision for offices and officers)Amendment Rules, 2016

The Ministry of Corporate Affairs has issued Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 dated 5th September, 2016. Please click on the below link to download the rules: Investor Education and Protection Fund Authority (Appointment of Chairperson and Members, holding of meetings and Provision for offices and officers)Amendment Rules, 2016 Read More