Legal Updates - Corporate Law Reporter

SEBI circular on Eligibility conditions for Foreign Portfolio Investors (FPIs)

CIR/IMD/FPIC/CIR/P/2018/132 September 21, 2018 To, 1. All Foreign Portfolio Investors ("FPIs") through their Designated Depository Participants ("DDPs")/ Custodian of Securities. 2. Designated Depository Participants ("DDPs")/ Custodian of Securities. 3. All Recognized Stock Exchanges 4. The Depositories (NSDL and CDSL) 5. Stock Brokers through Recognized Stock Exchanges 6. Depository Participants through Depositories 7. Mutual Funds 8.… Read More

Limited Liability Partnership (Second Amendment) Rules, 2018

Government of India Ministry of Corporate Affairs Notification New Delhi, the 18th September 2018 G.S.R. - (E).- In exercise ot the powers conferred by sub-sections (1) and (2) of section 79 of the limited Liability Partnership Act, 2008 (6 of 2009) the Central Government hereby makes the following rules further to amend the Limited Liability… Read More

Companies (Corporate Social Responsibility Policy) Amendment Rules, 2018 Notified

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 19th September, 2018 G.s.R ... (E).- In exercise of the powers conferred by section 135 and subsections (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 Companies… Read More

MCA notifies section 37 of the Companies (Amendment) Act, 2017

Government of India Ministry of Corporate Affairs Notification New Delhi, the 19th September, 2018 S.0. (E). - In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2017 (1 of 2018), the Central Government hereby appoints the, 19th September 2018, as the date on which the provisions of… Read More

IBBI issues circular on Voting in the Committee of Creditors

Insolvency and Bankruptcy Board of India 7 th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No. IBBI/CIRP/018/2018 14 th September, 2018 To All Registered Insolvency Professionals All Recognised Insolvency Professional Entities All Registered Insolvency Professional Agencies (By mail to registered email addresses and on website of the IBBI) Dear Madam / Sir, Sub: Voting… Read More

MCA notifies Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2018

Government of India Ministry of Corporate Affairs NOTIFICATION New Delhi, 12th September, 2018 G.S.R. .-In exercise of the powers conferred by 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 Companies (Appointment and Remuneration of Managerial Personnel)… Read More

MCA amends Schedule V of the Companies Act 2013

Government of India MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 12th September,2018 S.O. ......(E).-ln exercise of the powers conferred by sub-sections (1) and (2) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following amendments to amend Schedule V of the said Act, namely:- 2. In Schedule… Read More

Issue of securities in dematerialised form by unlisted public companies

Government of India Ministry of Corporate Affairs Notification New Delhi, dated the 10th September,2018 G.S.R. _ (E).- In exercise of the powers conferred by clause (b) of sub-section (1) of section 29 read with sub-sections (1) and (2) of section 469 of the Companies Act 2013 (18 of 2013), the Central Government hereby makes the… Read More

MCA issues clarification in filing BEN-1 under Companies Act, 2013

General Circular No. 08/2018 F.No.01/01/2018-CL-V GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS 5th Floor, 'A' Wing Shastri Bhawan, Dr. R.P. Road. New Delhi Dated: 10.09.2018 To, All Regional Directors, All Registrar of Companies, All Stakeholders. Subject: Clarification in filing BEN -1 under the Companies Act, 2013-Regarding Sir, In continuation of General Circular No. 07/2018 dated… Read More

MCA defers deadline on BEN-1 form for Significant Beneficial Ownership

Vide General Circular No. 07/2018 dated 06.09.2018, the Ministry of Corporate Affairs (MCA) had indefinitely deferred filing of form BEN-2 i.e. the return of Significant Beneficial Ownership by the Companies. Since then, MCA has received from stakeholders expressing certain difficulties in filing a declaration in Form No. BEN-1 in respect of Companies (Significant Beneficial Owners) Rules,… Read More

RBI amends Note Refund Rules, 2009

RBI/2018-19/46 DCM (NE) No.657/08.07.18/2018-19 September 7, 2018 The Chairman and Managing Director / The Managing Director/ The Chief Executive Officer All Banks Madam / Dear Sir, Amendments to Reserve Bank of India (Note Refund) Rules, 2009 Please refer to the Reserve Bank of India (Note Refund) Rules, 2009 wherein all branches of banks have been delegated powers… Read More

MCA extends last date for filing Form BEN-2 under Companies Act, 2013

General Circular No. 07/2018 F.No.0l /01/2018-CL-V GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS 5th Floor, 'A' Wing Shastri Bhawan, Dr. R.P. Road. New Delhi Dated: 6th Sept 2018 To, All Regional Directors, All Registrars of Cornpanies, All Stakeholders. Subject: Relaxation of additional fees and extension of last date of filing of Form BEN-2 under the Companies… Read More

IBBI issues circular on Compliance of regulation 13 (2) of IBBI (IP) Regulation 2016

Insolvency and Bankruptcy Board of India 7 th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No. IBBI/IPE/017/2018 31st August, 2018 To All Recognised Insolvency Professional Entities All Registered Insolvency Professionals Subject: Compliance of regulation 13 (2) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016. Dear Madam / Sir, An insolvency… Read More