SEBI release master circular on Anti-Money Laundering Standards and Combating the Financing of Terrorism under PMLA
MASTER CIRCULAR SEBI/ HO/ MIRSD/ DOS3/ CIR/ P/ 2018/ 104 July 04, 2018 To, All Intermediaries registered with SEBI under Section 12 of the Securities and Exchange Board of India Act, 1992. (Through the stock exchanges for stock brokers and sub brokers, depositories for depository participants, Association of Mutual Funds in India (AMFI) for Asset… Read More
SEBI circular on Overseas Investment by Alternative Investment Funds (AIFs) / Venture Capital Funds (VCFs)
Circular SEBI/HO/IMD/DF1/CIR/P/2018/103/2018 July 3, 2018 All Alternative Investment Funds, All Venture Capital Funds (registered under erstwhile SEBI (Venture Capital Funds) Regulations, 1996) Dear Sir / Madam, Subject : Overseas Investment by Alternative Investment Funds (AIFs) / Venture Capital Funds (VCFs). 1. SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”) were notified on May 21, 2012… Read More
IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2018
GAZETTE OF INDIA EXTRAORDINARY PART III, SECTION 4 PUBLISHED BY AUTHORITY INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 3rd July, 2018 THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) (THIRD AMENDMENT) REGULATIONS, 2018 No. IBBI/2018-19/GN/REG031. -In exercise of the powers conferred by clause (t) of sub-section (1)… Read More
IBBI releases model timelines of corporate Insolvency resolution process
Insolvency and Bankruptcy Board of India PRESS RELEASE 4 th July, 2018 IBBI amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations,… Read More
Have you ever fallen in love with a Book?
Dear Professional Colleague: Thank you for your overwhelming response to the previous 3 editions of Corporate Law Referencer (CLR), making us one of the leading books on Companies Act, 2013 in India. We are glad to announce the release of the 4th edition of Corporate Law Referencer – the latest book on Companies Act, 2013,… Read More
Annual KYC of Directors to be made mandatory
As part of updating its registry, MCA would be conducting KYC of all Directors of all companies annually through a new eform viz. DIR-3 KYC to be notified and deployed shortly. Accordingly, every Director who has been allotted DIN on or before 31st March, 2018 and whose DIN is in ‘Approved’ status, would be mandatorily required to file form… Read More
RBI releases Financial Stability Report (FSR) June 2018
The Reserve Bank of India today released the Financial Stability Report (FSR), 17th in the series. The FSR reflects the overall assessment of the stability of India’s financial system and its resilience to risks emanating from global and domestic factors. The Report also discusses issues relating to developments in and regulation of the financial sector. Overall… Read More
RBI releases draft guidelines on constituting BoM for Primary (Urban) Cooperative Banks
The Reserve Bank of India today released draft guidelines on constituting Board of Management (BoM) for Primary (Urban) Cooperative Banks (UCBs). The guidelines propose that UCBs may constitute a BoM, in addition to the Board of Directors (BoD). It may be recalled that the Expert Committee on licensing of new Urban Cooperative Banks (2010) set up under… Read More
Shri S. K. Mohanty appointed as Whole Time Member, SEBI
Jun 25, 2018 PR No.: 21/2018 Shri S. K. Mohanty takes charge as Whole Time Member, SEBI Shri S.K. Mohanty has taken charge as Whole Time Member, Securities and Exchange Board of India in Mumbai today for a tenure of three years or until further orders, whichever is earlier. Prior to this assignment, Shri Mohanty served… Read More
MCA issues conrrigendum to commencement notification of Companies Amendment Act 2017
Government of India Ministry of Corporate Affairs CORRIGENDUM New Delhi, the 21st June 2018 S.O....(E).- In the notification of the Government of India, in the Ministry of Corporate Affairs, Number S.O. 2422(E), dated the 13th June , 2018, published in the gazette of India, Extraordinary , PartII, Section 3 , Sub-Section (ii), dated the 14th… Read More
MCA invites public comments on National Guidelines on the Economic, Social and Environmental Responsibilities of Business
Background 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 and be accountable to all its stakeholders. The NVGs were developed based on India’s socio-cultural context and… Read More
MCA invites suggestions on draft on Cross-Border Insolvency
Government of India Ministry of Corporate Affairs Insolvency Section File no.30/27/2018 Dated:20.06.2018 Public Notice Government has taken in initiative to introduce a chapter on Cross-Border Insovency within the Insolvency & Bankruptcy Code, 2016 (The Code) to provide a comprehensive legal framework, Considering the fact that corporates transct businesses in more than one jurisdiction and also … Read More
Central Goods and Services Tax (Sixth Amendment) Rules, 2018 notified
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 19th June, 2018 No. 28/2018 - Central Tax G.S.R. 574(E).—In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules… Read More
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