Legal Updates - Corporate Law Reporter

Insolvency Professionals to act as Interim Resolution Professionals and Liquidators (Recommendation) (Second) Guidelines 2018

Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 Dated: 7 th December, 2018 To, All Registered Insolvency Professionals (By mail to registered email addresses and on web site of the IBBI) Dear Madam/Sir, Subject: Expression of Interest to be in the Panel under Insolvency Professionals to act as Interim… Read More

Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2018

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 6 th December, 2018 SECURITIES AND EXCHANGE BOARD OF INDIA (MUTUAL FUNDS) (THIRD AMENDMENT) REGULATIONS, 2018 No. SEBI/LAD-NRO /GN/ 2018/50 - In exercise of the powers conferred by section 30 read with clause (c) of sub-section (2) of section 11 of the Securities and Exchange Board… Read More

Resolution of the Monetary Policy Committee: Reserve Bank of India

Fifth Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India Date : Dec 05, 2018 On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to: keep the policy repo rate under the liquidity adjustment facility… Read More

Fifth Bi-monthly Monetary Policy Statement on Developmental and Regulatory Policies for 2018-19

Statement on Developmental and Regulatory Policies Date : Dec 05, 2018 This Statement sets out various developmental and regulatory policy measures for strengthening regulation and supervision; broadening and deepening of the financial markets; and enhancing customer education, protection and financial inclusion. I. Regulation and Supervision 1. External Benchmarking of New Floating Rate Loans by Banks The Report… Read More

Companies (Cost records and audit) Amendment Rules, 2018

Government of India Ministry of Corporate Affairs Notification New Delhi, the 3rd December 2018 G.S.R.........(E),- In exercise of the power conferred by sub-section(1) and (2) of Section 469 and Section 148 of the Companies Act 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Cost records and… Read More

IBBI issues guidelines for Interim Resolution Professionals and Liquidators

Insolvency Professionals to act as Interim Resolution Professionals and Liquidators (Recommendation) (Second) Guidelines, 2018 30th November, 2018 Provisions in the Insolvency and Bankruptcy Code, 2016 Section 16(3)(a) of the Insolvency and Bankruptcy Code, 2016 (Code) requires the Adjudicating Authority (AA) to make a reference to the Insolvency and Bankruptcy Board of India (Board) for recommendation… Read More

IBBI invites suggestions on draft specimen of Information Memorandum,Evaluation Matrix, Request for Resolution Plans and Resolution Plan

Insolvency and Bankruptcy Board of India No. IBBI/PR/2018/33 26thNovember, 2018 PRESS RELEASE IBBI invites Suggestions and Comments on Draft Specimen: a. Information Memorandum b. Evaluation Matrix c. Request for Resolution Plans, and d. Resolution Plan. The Insolvency and Bankruptcy Code, 2016 (Code) read with the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (Regulations)… Read More

MCA reconstitutes High Level Committee on Corporate Social Responsibility -2018(HLC-2018)

No.12/03/2018-CSR Government of India Ministry of Corporate Affairs 5th Floor , 'A' Wing , Shastri Bhawan, Dr. R.P. Road, New Delhi-110001 Date: 22.11.2018 OFFICE ORDER Subject: Reconstitution of High Level Committee on Corporate Social Responsibility -2018(HLC-2018) Pursuant to orders of Honb'le Ministrer of Corporate Affairs and in supersession of earlier office order of even no.… Read More

SEBI releases guidelines on fund raising by issuance of Debt Securities by Large Entities

SECURITIES EXCHANGE BOARD OF INDIA CIRCULAR SEBI/HO/DDHS/CIR/P/2018/144 November 26, 2018 To All Listed Entities (whose specified securities or debt securities or NCRPS are listed on SEBI recognized Stock Exchanges) Dear Sir / Madam, Sub: Fund raising by issuance of Debt Securities by Large Entities 1. With a view to operationalising the Union Budget announcement for… Read More

Operating Guidelines for Alternative Investment Funds in International Financial Services Centres:SEBI

SECURITIES EXCHANGE BOARD OF INDIA CIRCULAR SEBI/HO/IMD/DF1/CIR/P/143/2018 November 26, 2018 All Alternative Investment Funds All Custodians Dear Sir / Madam Subject: Operating Guidelines for Alternative Investment Funds in International Financial Services Centres. 1. SEBI has issued SEBI (International Financial Services Centre) Guidelines, 2015 (hereinafter referred to as ‘IFSC Guidelines’) on March 27, 2015 for facilitating… Read More

SEBI issues circular on disclosure of reason for delay in submission of financial results by listed entities

Securities and Exchange Board of India CIRCULAR CIR/CFD/CMD-1/142/2018 November 19,2018 To All Listed Entities All the Recognized Stock Exchanges Dear Sir/Madam, Sub: Disclosure of reasons for delay in submission of financial results by listed entities 1. Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”),… Read More

MCA invites public comments on the Competition Act, 2002

Government of India Ministry of Corporate Affairs (Competition & NFRA Section) Invitation for public comments on the Competition Act, 2002 The Ministry of Corporate Affairs (MCA) constituted a Competition Law Review Committee to review the competition Act/ Rules/ Regulations in view of changing business environment and bring necessary changes , if required. The Committee will… Read More

Companies (Registered Valuers and Valuation) Fourth Amendment Rules, 2018

Government of India Ministry of Corporate Affairs Notification New Delhi , 13th November 2018 G.S.R.......(E).- In exercise of the powers conferred by section 247 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, 2017,… Read More