Ministry of Corporate Affairs (“MCA”) amends Companies (Share Capital and Debentures) Rules, 2014 to modify the format of Form SH – 4 (the Share Transfer Form).
MCA vide its notification dated May 04, 2022 bearing no: G.S.R. 335(E), issued an amendment in Companies (Share Capital and Debentures) Rules, 2014 for insertion of a declaration to be furnished while filing Form SH-4 in terms of whether there is a requirement of government approval by transferee under Foreign Exchange Management Act, 1999 (“FEMA”) before the […]
Securities Exchange Board of India (“SEBI”) added clarifications to Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2022
SEBI vide its notification dated April 27, 2022 added clarifications with respect to the applicability of amended regulations notified under Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2022 and called it the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2022. It shall […]
Securities Exchange Board of India (“SEBI”) amended the provisions related to the transmission of securities in the SEBI Listing Obligations and Disclosure Requirements (“LODR”) Regulations, 2015
SEBI vide its notification dated April 25, 2022 brought the following amendments to the SEBI (LODR) Regulations, 2015 and called it the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2022:
SEBI provided clarification on applicability of Regulation 23(4) read with Regulation 23(3)(e) of the SEBI Listing Obligations and Disclosure Requirements (“LODR”) Regulations, 2015 in relation to Related Party Transactions (“RPT”)
Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017
The Insolvency and Bankruptcy Board of India (“IBBI”) vide a Press Release dated April 08, 2022 notified the public of the amendments made in the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2022. These amendments were initially notified by the IBBI on its website on April 05, 2022 and it became Effective from the […]
SEBI provided clarification on applicability of Regulation 23 of SEBI Listing Obligations and Disclosure Requirements (“LODR”) Regulations, 2015 in relation to Related Party Transactions (“RPT”)
SEBI vide its Circular dated March 30, 2022 has provided clarification on requirement of shareholders’ approval for related party transactions as per revised materiality threshold under recent amendment in SEBI LODR Regulations, 2015:
SEBI had inter alia decided that the provision of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) requiring the mandatory separation of the roles of the Chairperson and Managing Director (MD)/ Chief Executive Officer (CEO) of a listed entity, shall be made applicable to listed companies on a “voluntary basis”.
On March 22, 2022, following are the amendments in the SEBI (LODR) which have been notified via the SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2022:
MCA has extended the validity of certain exemptions available to enterprises by five more years keeping with its policy of ease of doing business in India.
MCA in its notification dated March 16, 2022, has extended the validity of certain exemptions available to enterprises by 5 more years keeping with its policy of ease of doing business in India.
PRESS NOTE 1 OF 2022
On March 14, 2022, the Department for Promotion of Industry and Internal Trade (“DPIIT”) released a Press Note issuing clarifications and amendments to certain provisions of the Consolidated FDI Policy Circular of 2020 (“FDI Policy”). The amendments shall take effect from the date of relevant FEMA notification’ which is yet to be released. The major amendments […]
MCA inserted a sub-rule (1B) in rule 12 of Companies (Accounts) Rules, 2014 mandating every company covered under sub-section (1) to section 135, to furnish a report on Corporate Social Responsibility in Form CSR-2 to the Registrar as an addendum to Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS),
The Ministry of Corporate Affairs vide notification dated February 11, 2022, published Companies (Accounts) Amendment Rules, 2022 to further amend Companies (Accounts) Rules, 2014. In the Companies (Accounts) Rules, 2014 in rule 12, after sub-rule (IA), the following sub-rule shall be inserted, namely: – “(IB) Every company covered under the provisions of sub-section (1) to section 135 […]