Corporate Law Reporter - The Daily Journal

Third Bi-monthly Monetary Policy Statement, 2018-19:RBI

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to: increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.5 per cent. Consequently, the reverse repo rate under the LAF stands adjusted to 6.25… Read More

RBI releases third Statement on Developmental and Regulatory Policies, 2018-2019

This Statement sets out various developmental and regulatory policy measures for strengthening regulation and financial inclusion initiatives; broadening and deepening of the financial markets; and, enhancing customer education and protection. I. Regulation and Financial Inclusion 1. Extension of MSF to Scheduled Primary (Urban) Cooperative Banks, and extension of LAF and MSF to Scheduled State Cooperative… Read More

MCA notifies Companies (Accounts) Amendment Rules, 2018

Ministry of Corporate Affairs Notification New Delhi, the 31 July, 2018 G.S.R. (E)- In excercise of the powers conferred by section134 read with section 469 of the companies Act, 2013(18 of 2013), Companies Act, 2013(18 of 2013), the central government hereby makes the following rules further to amend the Companies (Accounts) Rules, 2014, namely:- 1. (1) These… Read More

Govt. constitutes National Company Law Tribunal, Kochi Bench at Kochi

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 27th July, 2018 S.O. 3683(E).—In exercise of the powers conferred by sub-section (1) of section 419 of the Companies Act, 2013 (18 of 2013), the Central Government hereby constitutes the National Company Law Tribunal, Kochi Bench at Kochi and for the said purpose hereby makes the following… Read More

MCA notifies Companies (Incorporation) Third Amendment Rules, 2018

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 27th July, 2018 G.S.R. 708(E).—In exercise of the powers conferred by section 3, sub-section (1) of section 7 and 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… Read More

Govt. notifies Securities Contracts (Regulation) (Amendment) Rules, 2018

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 24th July, 2018 G.S.R. 675(E).—In exercise of the powers conferred by section 30 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Central Government hereby makes the following rules further to amend the Securities Contracts (Regulation) Rules, 1957, namely:— 1. Short title… Read More

MCA commences section 5 aand 6 of Companies (Amendment) Act, 2017

Government of India Ministry of Corporate Affairs Notification New Delhi, the 27th July, 2018 S.O. -(E).- In exercise of the powers conferred by subsection (2) of section 1 of the Companies (Amendment) Act, 2017 (1 of 2018), the Central Government hereby appoints the day of 27th July, 2018 as the date on which the following… Read More

Diversification of activities of Standalone Primary Dealers-Foreign Exchange Business

RBI/2018-19/27 DNBR (PD) CC.No.094/03.10.001/2018-19 July 27, 2018 All Standalone Primary Dealers Madam/Sir, Diversification of activities of Standalone Primary Dealers-Foreign Exchange Business Please refer to Para 11 of the Statement on Developmental and Regulatory Policies issued as part of the Second Bi-monthly Monetary Policy Statement for 2018-19, dated June 06, 2018, on expanding activities of Standalone Primary… Read More

MCA revises the version of the eForm DIR – 6

MCA has revised the version of the eForm DIR - 6 (Intimation of change in particulars of Director to be given to the Central Government), which is now available at Company Forms Download page w.e.f 26th July, 2018. Further, updating of Email ID and Mobile number in DIR-6 has been temporarily disabled till further notice,… Read More

NCLT Chennai approves Amalgamation of Indian LLP with a Company

The Chennai Bench of the National Company Law Tribunal (NCLT) recently approved a scheme of amalgamation between an Indian Limited Liability Partnership (LLP) and an Indian private limited company. The Companies Act, 2013 and the LLP Act, 2008 do not contain any express provisions which provide for such cross-entity amalgamation. However, the NCLT held that… Read More

Split of position of Chairperson and Managing Directors in listed companies

Government of India Ministry of Corporate Affairs The Securities and Exchange Board of India (SEBI), based on the recommendations of Kotak Committee on Corporate Governance, has amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 splitting the positions of the Chairperson and Managing Director, to start with, for top 500 listed companies on the… Read More

IBC ( Second Amendment) Bill, 2018 introduced in Lok Sabha

HIGHLIGHTS OF THE ORDINANCE The Insolvency and Bankruptcy Code, 2016 provides a time-bound process to resolve insolvency among companies and individuals. Insolvency is a situation where an individual or company is unable to repay their outstanding debt. In November 2017, the Insolvency Law Committee was set up to review the Code, identify issues in its… Read More

MCA extends time for inviting comments on National Voluntary Guidelines Till August 10, 2018

INVITATION FOR PUBLIC COMMENTS ON THE DRAFT NATIONAL GUIDELINES ON SOCIAL, ENVIRONMENTAL & ECONOMIC RESPONSIBILITIES OF BUSINESS, 2018 The Ministry of Corporate Affairs (MCA) issued the National Voluntary Guidelines on Social, Environmental & Economic Responsibilities of Business (NVGs) in July 2011 with a view to provide a clear, broad-based framework for carrying out responsible business… Read More