Legal Updates - Corporate Law Reporter

Insolvency Law Committee submits its 2nd Report on Cross Border Insolvency

Ministry of Corporate Affairs Insolvency Law Committee submits its 2nd Report on Cross Border Insolvency Recommends adoption of the UNCITRAL Model Law of Cross Border Insolvency, 1997 22 OCT 2018 by PIB Delhi The Insolvency Law Committee (ILC) constituted by the Ministry of Corporate Affairs to recommend amendments to Insolvency and Bankruptcy Code of India,… Read More

IBBI issues circular on Valuation under the Insolvency and Bankruptcy Code, 2016

Insolvency and Bankruptcy Board of India 7 th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No. IBBI/RV/019/2018 17 th October, 2018 To All Registered Insolvency Professionals All Recognised Insolvency Professional Entities All Registered Insolvency Professional Agencies All Registered Valuers, and All Recognised Registered Valuer Organisations. (By mail to registered email addresses and on website… Read More

RBI releases Guidelines for Interoperability of Prepaid Payment Instruments (PPIs)

RBI/2018-19/61 DPSS.CO.PD.No.808/02.14.006/2018-19 October 16, 2018 All Prepaid Payment Instrument Issuers, System Providers and System Participants Madam / Dear Sir, Prepaid Payment Instruments (PPIs) – Guidelines for Interoperability A reference is invited to the Master Direction DPSS.CO.PD.No.1164/02.14.006/2017-18 dated October 11, 2017 (updated as on December 29, 2017) on Issuance and Operation of PPIs (M.D.). As per the road-map… Read More

RBI releases 4th Bi-monthly Monetary Policy Statement for 2018-19

This Statement sets out various developmental and regulatory policy measures for developing and strengthening financial markets. 1. Voluntary Retention Route (VRR) for Investment by Foreign Portfolio Investors (FPIs) The regulatory framework for FPI investment in debt has evolved over the years, influenced by trade-offs in encouraging capital flows and attendant macro-prudential considerations. Several measures have… Read More

MCA amends Schedule III of the Companies Act 2013

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 11th October, 2018 G.S.R. (E).—In exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following further amendments in Schedule III to the said Act with effect from the date… Read More

CCI amends combination Regulation to expedite disposal of Combination cases

THE COMPETITION COMMISSION OF INDIA NOTIFICATION New Delhi, the 9th October, 2018 The Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2018 F. No. CCI/CD/Amend/Comb.Regl./2018.—In exercise of the powers conferred by section 64 of the Competition Act, 2002 (12 of 2003), the Competition Commission of IndiaB… Read More

MCA re-constitutes High Level Committee on Corporate Social Responsility-2018

F.No. 12/03/2018-CSR Government of India Ministry of Corporate Affairs 5th Floor 'A' Wing Shastri Bhawan Dr.R. P. Road, New Delhi-110001 OFFICE ORDER Subject: Re-Constitution of High Level Committee on Corporate Social Responsibilty-2018 (HLC-2018) Pursuant to orders of Hon'ble Minister for Corporate Affairs and in supersession of earlier office order dated 28.09.2018, the high level committee… Read More

IBBI (Insolvency Professionals) (Second Amendment) Regulations, 2018

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 11th October, 2018 Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2018 IBBI/2018-19/GN/REG036. In exercise of the powers conferred by sections 196, 207 and 208 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and… Read More

IBBI (Insolvency Professional Agencies) (Amendment) Regulations, 2018 notified

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 11th October, 2018 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY PROFESSIONAL AGENCIES) (AMENDMENT) REGULATIONS, 2018 IBBI/2018-19/GN/REG33. In exercise of the powers conferred by sections 196, 199, 200, 201, 203, 204 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the… Read More

IBBI (Information Utilities) (Second Amendment) Regulations, 2018

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 11th October, 2018 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INFORMATION UTILITIES) (SECOND AMENDMENT) REGULATIONS, 2018 IBBI/2018-19/GN/REG34. In exercise of the powers conferred by section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of… Read More

IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2018 notified

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 11th October, 2018 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (MODEL BYE-LAWS AND GOVERNING BOARD OF INSOLVENCY PROFESSIONAL AGENCIES) (AMENDMENT) REGULATIONS, 2018 IBBI/2018-19/GN/REG35. In exercise of the powers conferred by sections 196, 203 and 205 read with section 240 of the Insolvency and Bankruptcy Code, 2016… Read More

IBBI (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2018 notified

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 5th October, 2018 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) (FOURTH AMENDMENT) REGULATIONS, 2018 No. IBBI/2018-19/GN/REG032.—In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy Code,… Read More

Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 3rd October, 2018 SECURITIES CONTRACTS (REGULATION) (STOCK EXCHANGES AND CLEARING CORPORATIONS) REGULATIONS, 2018 No. SEBI/LAD-NRO/GN/2018/41.- In exercise of the powers conferred by sections 4, 8A and 31 of the Securities Contracts (Regulation) Act, 1956, read with sections 11 and 30 of the Securities and Exchange Board… Read More