Corporate Law Reporter - The Daily Journal

Share Application Money Pending Allotment to be reported to ROC in Form 5 INV

A brief analysis of the provisions of Investor Education and Protection Fund and the rules made there under. As the companies are receiving notices from ROC for non-filing of Form5 INV the following are the compliances required for avoiding the non-compliance. The Investors Education & Protection Fund (IEPF) rules make it mandatory to file Form… Read More

SEBI disseminates information regarding Grievance Redressal Mechanism

The Securities and Exchange Board of India has been taking various measures to create awareness among the investors about grievance mechanisms available through various worshops and electronic media. As an additional obligation, all those who deal in the business of securities, brokers and all the sub- brokers and depository participants shall display the basic information… Read More

Clarification for Accounting Standard 10 w.r.t Capitalization of Costs

The Ministry of corporate affairs has issued a general circular no. 35 with respect to provide clarification on Accounting Standard 10 issued by Institute of Chartered Accountants of India. The clarifications were sought with respect to Capitalization of borrowing costs incurred during the extended delay in commercial production beyond the developer's control and whether Capitalization… Read More

MCA General Information w.r.t availability and version of certain e-forms

The Ministry of Corporate Affairs has issued a General Notice dated 30th August, 2014 for all the stakeholders informing that the e-Form prescribed under the Company Law Settlement Scheme, 2014 Form CLSS-2014, shall be made available from 1st September, 2014. All such Companies covered under such scheme planning to avail the benefit of such scheme… Read More

Purchase and sale of securities other than shares or convertible debentures of an Indian company by a person resident outside India

RBI/2014-15/197 A.P. (DIR Series) Circular No.22 August 28, 2014 To All Category I Authorised Dealer Banks Madam/ Sir, Purchase and sale of securities other than shares or convertible debentures of an Indian company by a person resident outside India Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign… Read More

Raised FDI limit changes from 26% to 49% gets notified by DIPP

The Department of Industrial Policy and Promotion (DIPP) has notified changes to the foreign direct investment policy for defence approved by the Government earlier. The foreign direct investment limit has been raised from 26% to 49% but over and above this increased percentage government approval shall be mandatory. Further, it is a composite limit and… Read More

Seminar by VCCIRCLE Training: FEMA & FDI Policy – Emerging Issues and Recent Developments

India is one of the largest FDI destinations in the world. With the relaxation of foreign exchange restrictions, there has been a significant flow of investments into India. At the same time, Indian businesses have been making investments and acquisitions overseas. With the inbound and outbound investments rising, it is essential to understand the rules,… Read More

Revised format for disclosure under Regulation 30 of SEBI ( Substantial Acquisition of shares & Takeover) Regulations, 2011

The Securities and Exchange Board of India (SEBI) vide circular dated 25th August, 2014 has issued revised disclosure format for reporting under Regulation 30 of SEBI ( Substantial Acquisition of shares & Takeover) Regulations, 2011. This circular shall come into force with immediate effect. Regulation 30 of SEBI ( Substantial Acquisition of shares & Takeover) Regulations, 2011… Read More

SEBI to act firm in high – profile insider trading cases

The apex regulatory body of the Capital Market Securities and Exchange Board of India is acting firm to sensitize the manipulators. SEBI is initiating harsh actions in cases of high-profile insider trading and also glaring the violations thereof. A revision of nearly two-decade old set of insider trading regulations is currently underway and the new… Read More

NBFC’s – Lending against shares

RBI/2014-15/186 DNBS (PD).CC.No. 408 /03.10.001/2014-15 August 21, 2014 All NBFCs with asset size of `.100 cr and above (excluding Primary Dealers) Dear Sirs, NBFCs- Lending against Shares 1.At present, lending against shares carried out by NBFCs is not subject to specific instructions apart from the general prudential regulation applicable to all NBFCs. Lending against shares could… Read More

FDI rules for Multi-brand Retail to apply to e-commerce

The Commerce minister Nirmala Sitharaman has released that FDI rules for multi brand retail shall now apply to e-commerce. The Enforcement Directorate was closely scanning the capital structures of various companies operating in e-commerce when this amendment came up.Few days back the enforcement directorate has tapped a big e-commerce player in the retail market in… Read More

New Amendments to SEBI Act will help curb issues w.r.t Insider Trading

The amendments made in the SEBI Act enabling it to access the records has now given powers to SEBI to enforce insider trading charges. At the same time the powers has got enhanced to a greater extent including the right to search and seizure. "This (access to call records) was a very important requirement. There… Read More

Worst is over for Indian Economy; Modi govt’s measures makes brighter prospects

Let us all have a look on the inevitable questions of today's country about the growth of the nation. The new government has come in, the budget is also out of the way. Do you think that the government is making the right noises and could we clock in above 5.5% growth in this fiscal?… Read More