Legal Updates - Corporate Law Reporter

Rate of exchange of conversion of the foreign currency with effect from 30th September, 2015

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No.95/2015 - Customs (N.T.) Dated the 29th September, 2015 In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following amendments in the Notification… Read More

CBEC amends Exchange Rates of Foreign Currency

CLR Note: The Central Board of Excise and Customs has issued a notification dated 29th September, 2015 to make amendments to the notification no. 93/2015 dated 17th September, 2015 with respect to the exchange rates of the foreign currency which shall be effective from 30th September, 2015 and the rates are prescribed in Schedule I… Read More

FMC finally merges with SEBI

CLR Note: Finally, SEBI merges with FMC and there are certain important facts which are listed below explaining the facts of the merger and the history behind the merger of the two regulatory bodies. The amalgamation of Forward Markets Commission (FMC), the erstwhile commodities regulatory body, with capital markets watchdog Securities and Exchange Board of… Read More

Companies (Management and Administration) Second Amendment Rules, 2015

Government of India Ministry of Corporate Affairs Notification New Delhi, 24th September, 2015 G.S.R. (E).-In exercise of the powers conferred by sections 88, 89,91,92, 93,94, 101, 105, 108, 109, 110, 115, 117, 118, 119, 120 and 121 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central… Read More

Format for compliance report on Corporate Governance to be submitted to Stock Exchange (s) by Listed Entities

CIRCULAR CIR/CFD/CMD/ 5 /2015 September 24, 2015 To All… Read More

SEBI cautions public to deal with only SEBI registered investment advisers and research analysts

PR No. 235/2015 SEBI cautions public to deal with only SEBI registered investment advisers and research analysts The general public is hereby cautioned to deal with only SEBI registered investment advisers and research analysts for availing investment advisory services/ research services. The details of SEBI registered investment advisers and research analysts are available on the… Read More

MCA to make Annual filing forms available w.e.f. 25th September, 2015

The Ministry of Corporate Affairs has issued a General notice dated 24th September, 2015 for the introduction of New forms AOC-4(Non-XBRL), MGT-7, ADT-2 & SH-9 is being made available w.e.f 25th September 2015 along with C&I Validation tool beta version. You are requested to plan accordingly. New Versions of forms CRA-4 and CHG-4 are also likely… Read More

Streamlining the Procedure for Grant of Industrial Licenses

Government of India Ministry of Commerce and Industry Department of Industry Policy & Promotion Udyog Bhavan, New Delhi Press Note No. 10 (2015 series) STREAMLINING THE PROCEDURE FOR GRANT OF INDUSTRIAL LICENSES The initial validity of Industrial License for Defence Sector, as per Press Note 5 (2015 series), is presently seven years, further extendable up to… Read More

CBEC further amends Notification No.12/2012-Customs dated 17.03.2012

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 47/2015-Customs New Delhi, the 22nd September, 2015 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to… Read More

Sebi directs Mutual Funds to improve monthly disclosure standards

The Securities and Exchange Board of India (Sebi) has directed mutual fund houses to standardise their fact sheets or the monthly information documents sent to unit holders. The move is aimed at bringing about more transparency and uniformity and helping investors take more informed investment decisions. Asset management companies (AMCs) will have to provide information… Read More

Compliance with sexual harassment law is poor

Response to the law against sexual harassment of women has been pathetic if action taken by respective state governments and private entities is anything to go by. It's be en nearly two years since the Sexual Harassment of Women at Workplace (Prevention Prohibition & Redressal) Act 2013 came into force, but only one state, Rajasthan,… Read More

ICSI President says Companies Act, 2013 to get fully implemented by March, 2016

The president of the Institute of Company Secretaries of India, Atul H Mehta, said in a conference in Jamshedpur organiesed by ICSI on ' Critical Aspects of Companies Act, 2013' that the Act would likely be implemented fully by March, 2016. Currently the act was implemented partially and the unimplemented sections related to the National… Read More

Sebi seeks greater NBFC disclosure

The Securities and Exchange Board of India (Sebi) has asked non-banking financial companies (NBFCs) to issue detailed disclosures while launching a public offer of debt securities to raise funds. The norms, which will be applicable to draft offer documents to be filed on or after November 1, have been finalised on the basis of feedback… Read More