Legal Updates - Corporate Law Reporter

Clarification on certain issues related to grant of approval and claim of exemption u/s 10(23C)(vi) of the Income-tax Act, 1961

Sub-clause (vi) of clause (23C) of Sec 10 of the Income-tax Act, 1961 (Act) prescribes that income of any university or other educational institutions, existing solely for educational purposes and not for purposes of profit, shall be exempt from tax if such entities are approved by the prescribed authorities. Such approval is not required in… Read More

FAQs on Fast Track Exit Scheme under Companies Act

1. What is Fast Track Exit (FTE) Mode? Ministry has issued Guidelines for "Fast Track Exit (FTE) Mode" to give opportunity to the defunct companies to get their names struck off from the register under Section 560 of the Companies Act, 1956 in time bound manner. 2. What is the date of implementation of these… Read More

E- Registration to remove complexities and prevent unlawful property disposition

The most frequently-occurring type of disagreement in Indian real estate industry is land dispute. Cases range from of illicit land trespassing and illegal land sales to instances of purchase of land where no actual purchase tale place and due to which frauds come into picture. The real estate market has historically been plagued by such… Read More

Minimum salary scale set for domestic household hires in proposed labour policy

The national policy for domestic workers is likely to be presented before the Union Cabinet soon.Those hiring a full-time domestic help might soon have to pay them a minimum salary of Rs 9,000 per month, compulsory paid leave of 15 days a year, and maternity leave to boot. To safeguard the interest of domestic workers,… Read More

SEBI (Issue of Capital and Disclosure Requirements) (Fifth Amendment) Regulations, 2015

No. SEBI/LAD-NRO/GN/2015-16/012.”€In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, namely:- 1. These regulations may be called… Read More

SEBI (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2015

THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, AUGUST 14, 2015 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 14th August, 2015 SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (FOURTH AMENDMENT) REGULATIONS, 2015 No.SEBI/LAD-NRO/GN/2015-16/008.”€In exercise of the powers conferred by section 30 of… Read More

SEBI (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2015

THE GAZETTE OF INDIA EXTRAORDINARY PART -III - SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, AUGUST 14, 2015 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 14th of August, 2015 SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) (THIRD AMENDMENT) REGULATIONS, 2015 No. SEBI/LAD-NRO/GN/2015-16/009.-In exercise of the powers conferred under… Read More

SEBI (Delisting of Equity Shares) (Second Amendment) Regulations, 2015

THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, AUGUST 14 , 2015 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 14th August, 2015 SECURITIES AND EXCHANGE BOARD OF INDIA (DELISTING OF EQUITY SHARES) (SECOND AMENDMENT) REGULATIONS, 2015 No. SEBI/LAD-NRO/GN/2015-16/010.”€In exercise of the powers conferred by section 31 read… Read More

SEBI (Alternative Investment Funds) (Amendment) Regulations, 2015

THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, AUGUST 14, 2015 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 14th August, 2015 SECURITIES AND EXCHANGE BOARD OF INDIA (ALTERNATIVE INVESTMENT FUNDS) (AMENDMENT) REGULATIONS, 2015 No. SEBI/LAD-NRO/GN/2015-16/011.- In exercise of the powers conferred by sub-section (1)of section 30 read… Read More

Version of Form MR-2 is modified w.e.f 14th Aug 2015

Form MR-2 is the Form of application to the Central Government for approval of appointment or reappointment and remuneration or increase in remuneration or waiver for excess or over payment to managing director or whole time director or manager and commission or remuneration to directors. Download revised Form MR-2 Read More

Recent Relaxations in FDI Sectoral Caps

FDI policy is reviewed on an ongoing basis and significant changes are made in the FDI policy regime, from time to time, to ensure that India remains increasingly attractive and investor-friendly investment destination. Changes are made in the Policy after having intensive consultation with stakeholders including concerned Ministries/ Departments, Apex Industries Chambers and other organization.… Read More

Services on the Ministry of Corporate Affairs (MCA) will not be available on Sunday, 16th August 2015 from 08:00AM to 06:00PM

All our stakeholders are requested to note that services on the www.mca.gov.in portal will not be available from 08:00AM to 06:00PM on Sunday, 16th August 2015 due to periodic maintenance activities. While in the past, such activities may have been carried out after office hours, this time the maintenance activities are required to be carried… Read More

Pension reforms allow private account money inflow into IPO™s

The National Pension System (NPS) is set for another round of reforms, this time for private sector subscribers, likely to be cleared in a week. The Pension Fund Regulatory and Development Authority (PFRDA) will notify a new set of guidelines and now the pensions of private sector subscribers would also be allowed to be invested… Read More