Legal Updates - Corporate Law Reporter

Govt. notifies Income-tax (5th Amendment) Rules, 2018

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 11th April, 2018 INCOME-TAX S.O.1558.(E).— In exercise of the powers conferred by section 295 read with section 9A of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend… Read More

CBDT notifies the Protocol amending the Double Taxation Avoidance Convention between India and Kazakhstan

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 13th April, 2018 PRESS RELEASE CBDT notifies the Protocol amending the Double Taxation Avoidance Convention (DTAC) between India and Kazakhstan A Protocol to amend the existing Double Taxation Avoidance Convention (DTAC) between India and Kazakhstan, earlier signed on 9… Read More

Allowance for members nominated for disciplinary Committee increased to Rs.10,000 for CA,CWA and CS

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 9th April, 2018 G.S.R. 348 (E).—In exercise of the powers conferred by clauses (c) and (d) of sub-section (2) of section 29A read with sub-section (4) of section 21 and sub-sections (2) and (4) of section 21B of the Chartered Accountants Act, 1949 (38 of 1949), the… Read More

Investments by FPIs in Government and Corporate debt securities

CIRCULAR SEBI/IMD/FPIC/CIR/P/2018/70 April 12, 2018 To All Foreign Portfolio Investors through their designated Custodians of Securities The Depositories (NSDL and CDSL) Sir / Madam, Subject: Investments by FPIs in Government and Corporate debt securities 1. RBI in its Fourth Bi-monthly Policy Statement for the year 2015-16, dated September 29, 2015 had announced a Medium Term… Read More

SEBI circular on Performance disclosure post consolidation/ Merger of Schemes

CIRCULAR SEBI/HO/IMD/DF3/CIR/P/2018/69 April 12, 2018 All Mutual Funds/ Asset Management Companies (AMCs)/ Trustee Companies/ Boards of Trustees of Mutual Funds Sir/Madam, Subject: Performance disclosure post consolidation/ Merger of Schemes 1. Reference is drawn to Schedule VI under Regulation 30 of SEBI (Mutual Funds) Regulations, 1996 and SEBI circular dated March 15, 2017 which govern the… Read More

Review of Framework for Stocks in Derivatives Segment: SEBI

CIRCULAR SEBI/HO/MRD/DP/CIR/P/2018/67 April 11, 2018 To, All Stock Exchanges (except Commodity Derivatives Exchanges), Dear Sir/Madam, Sub: Review of Framework for Stocks in Derivatives Segment 1. Please refer to SEBI circular CIR/DNPD/3/2012 dated July 23, 2012 captioned ‘Revision of Eligibility Criteria for Stocks in Derivatives Segment’ and circular CIR/DNPD/4/2010 dated July 15, 2010 captioned ‘Physical Settlement… Read More

MCA amends Tables in Schedule I of Companies Act, 2013

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 10th April, 2018. G.S.R. 362(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 alteration to the Schedule I of the said Act, namely:- 2. In the Companies Act, 2013,… Read More

MCA notifies Companies (Share Capital and Debentures) Amendment Rules, 2018

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 10th April, 2018 G.S.R. 363(E).—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 (Share Capital and Debentures) Rules, 2014, namely:— 1.… Read More

MCA amends SFIO Recruitment (Amendment) Rules, 2018

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 2nd April, 2018 G.S.R. 361(E).—In exercise of the powers conferred by sub-section (5) of section 211 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules to amend the Ministry of Corporate Affairs, the Serious Fraud Investigation Office, Assistant Director (Corporate… Read More

Know Your Client Requirements for Foreign Portfolio Investors (FPIs)

CIR/IMD/FPIC/CIR/P/2018/64 April 10, 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

Clarification on clubbing of investment limits of foreign Government/ foreign Government related entities

CIRCULAR SEBI/HO/IMD/FPIC/CIR/P/2018/66 April 10, 2018 To, 1. All Foreign Portfolio Investors ("FPIs") through their Designated Depository Participants ("DDPs")/ Custodian of Securities. 2. The Depositories (NSDL and CDSL) Sir/ Madam, Subject: Clarification on clubbing of investment limits of foreign Government/ foreign Government related entities 1. SEBI has been monitoring investment by foreign Governments and their related… Read More

Measures to strengthen Algorithmic Trading and Co-location / Proximity Hosting framework

CIRCULAR SEBI/HO/MRD/DP/CIR/P/2018/62 April 09, 2018 To All Stock exchanges (except Commodity Derivatives Exchanges), Dear Sir / Madam, Sub: Measures to strengthen Algorithmic Trading and Co-location / Proximity Hosting framework SEBI, vide circular CIR/MRD/DP/09/2012 dated March 30, 2012 and circular CIR/MRD/DP/16/2013 dated May 21, 2013 put in place the broad guidelines for algorithmic trading in the… Read More

Master Circular For Debenture Trustees (DTs)

MASTER CIRCULAR FOR DEBENTURE TRUSTEES SEBI/ HO/ MIRSD/ DOP2/ CIR/ P/ 2018/ 0000000063 April 09, 2018 To, All Debenture Trustees Dear Sir / Madam, Subject: Master Circular for Debenture Trustees (DTs) Securities and Exchange Board of India (SEBI) has been issuing various circulars/directions from time to time. In order to enable the users to have… Read More