Legal Updates - Corporate Law Reporter

Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 3rd October, 2018 SECURITIES AND EXCHANGE BOARD OF INDIA (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 2018 No. SEBI/LAD-NRO/GN/2018/40.- In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 25 of the Depositories Act,… Read More

Participation of Eligible Foreign Entities (EFEs) in the commodity derivatives market

CIRCULAR SEBI/HO/CDMRD/DMP/CIR/P/2018/134 October 09, 2018 To, The Managing Directors / Chief Executive Officers All Recognised Stock Exchanges and recognised Clearing Corporations with Commodity Derivatives Segment Dear Sir / Madam, Sub: Participation of Eligible Foreign Entities (EFEs) in the commodity derivatives market 1. Currently, foreign entities are not permitted to directly participate in the Indian commodity… Read More

MCA constitutes National Financial Reporting Authority on1st October, 2018

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 1st October, 2018 S.O. 5099(E).—In exercise of the powers conferred by sub-section (1) of section 132 of the Companies Act, 2013 (18 of 2013), the Central Government hereby appoints the 1st October, 2018 as the date of constitution of National Financial Reporting Authority. [F. No. 1/4/2016-CL-I-Part] K.… Read More

MCA notifies Section 132(1) and (12) of the Companies Act 2013 w.e.f 1st October, 2018

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 1st October, 2018 S.O. 5098(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 1st October, 2018 as the date on which the provisions of sub-sections (1) and (12) of Section… Read More

Basel III Framework on Liquidity Standards-LCR and LCR Disclosure Standards:RBI

RBI/2018-19/51 DBR.BP.BC.No.4/21.04.098/2018-19 September 27, 2018 All Scheduled Commercial Banks (Excluding RRBs) & Small Finance Banks (SFBs) Dear Sir, Basel III Framework on Liquidity Standards - Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards Please refer to our circular DBR.BP.BC.No.114/21.04.098/2017-18 dated June 15, 2018 and other associated circulars on the captioned subject. 2. Presently, the assets… Read More

Voluntary Transition of Primary (Urban) Co-operative Banks into Small Finance Banks:RBI

RBI/2018-19/52 DCBR.CO.LS.PCB. Cir.No.5/07.01.000/2018-19 September 27, 2018 Chief Executive Officers of all Primary (Urban) Co-operative Banks Dear Sir / Madam, Voluntary Transition of Primary (Urban) Co-operative Banks (UCBs) into Small Finance Banks (SFBs) Please refer to Paragraph 4 of the Statement on Developmental and Regulatory Policies announced on June 6, 2018 (extract enclosed) on the captioned… Read More

Companies (Registered valuers and Valuation) Third Amendment Rules, 2018

Government of India Ministry of Corporate Affairs Notification New Delhi, the 25th September, 2018 G.S.R.......(E).- In exercise of the powers conferred by section 242 read, with section 469 of the Companies Act,2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the companies (Registered valuers and Valuation) Rules, 2012 namely:-… Read More

SEBI revises circulars on KYC requirements for FPI and eligible conditions for FPI

Sep 21, 2018 PR No.: 43/2018 SEBI issues circulars prescribing revised norms on Know Your Client requirements for Foreign Portfolio Investors (FPIs) and Eligibility conditions for FPIs SEBI vide its two separate circulars number CIR/IMD/FPIC/CIR/P/2018/131 and CIR/IMD/FPIC/CIR/P/2018/132 dated September 21, 2018 specified the revised norms on ‘Know Your Client Requirements for Foreign Portfolio Investors’ and ‘Eligibility conditions for Foreign… Read More

RBI liberalises External Commercial Borrowings (ECB) Policy

RBI/2018-19/48 A.P. (DIR Series) Circular No.9 September 19, 2018 To All Category-I Authorised Dealer Banks Madam / Sir External Commercial Borrowings (ECB) Policy - Liberalisation Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraphs 2.4.1 and 3.3.3 of Master Direction No.5 dated January 1, 2016 on “External Commercial Borrowings, Trade Credit, Borrowing and Lending… Read More

Companies (Indian Accounting Standards) Second Amendment 2018

Governement of India Ministry of Corporate Affairs NOTIFICATION New Delhi, 20th September 2018 G.S.R….. (E).— In exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 (18 of 2013) and sub-section (1) of section 210A of the Companies Act, 1956 (1 of 1956), the Central Government, in consultation… Read More

Companies (Appointment and Qualification of Directors) Sixth Amendment Rules, 2018

Government of India MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 20th September,2018 G.S.R. (E).-In exercise of the powers conferred under second proviso to sub-section (1), sub-section (4), sub-section (6) of section 149, sub-section (3) and (4) of section 150, section 151, sub-section (5) of section 152, section 153, section 154, section 157, section 160, sub-section… Read More

Companies (Registration Offices and Fees) Fifth Amendment Rules, 2018

Government of India MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, dated 20th September, 2018 G.S.R. ......(E).-In exercise of the powers conferred by sections 396,398,399,403 and 404 read with sub-sections (1) and (2) of section 469 of the companies Act, 2013 (18 of 2013), the central Government hereby makes the following rules further to amend the… Read More

MCA issues public notice on change of office of Director General of Corporate Affairs

Government of India Ministry of corporate Affairs Shastri Bhawan, 5th Floor 'A' Wing , New Delhi- 110001 PUBLIC NOTICE The office of Director General of Corporate Affairs, Ministry of Corporate Affairs, Ministry of Corporate Affairs has been recently w.e.f. 1.07.2018 shifted from 5th Floor Shastri Bhawan, Dr Rajendra Prasad Road, New Delhi-110001 to the new… Read More