Company Law
Circular dated 27.04.2017
Transfer of shares to IEPF Authority as on 27.04.2017 (General Circular 03/2017)
Curated from Transfer of shares to IEPF Authority
Circular dated 20.04.2017
Clarification regarding online generation of Challans for Offline payment cases as on 20.04.2017 (General Circular 02/2017).
Curated from Online generation of Challans for Offline Payment
Notification dated 11.05.2017
Rule 2 (1) (C) the words “Infrastructure Investment Trusts” has been inserted Rule 5 (1) the proviso on companies accepting deposits without deposit insurance has been inserted
Curated from Companies (Acceptance of Deposits) Amendment Rules, 2017
Notification dated 13.04.2017
Rule 25A which provides for amalgamation of a foreign company with a company and vice versa has been inserted.
Notification dated 13.04.2017
The provisions of Section 234 of the Companies Act, 2013 shall come into force from 13th of April, 2017.
Notification dated 12.04.2017
- Second proviso to Rule 7(1) of the Companies (Removal of names of Companies from the Register of Companies) along with form STK- 5A has been inserted.
SEBI
Circular dated 23.03.2017
In para 8 of SEBI Circular No. CFD/DIL3/CIR/2017/21 dated 10.03.2017, the relevant date for the purpose of computing pricing shall be the date of the board meeting in which the scheme is approved.
Circular dated 15.03.17
The model of draft letter of offer to be filed with SEBI in pursuance of the SAST Regulations stands modified in line with the provisions relating to maintenance of records under the Companies Act, 2013.
Circular dated 10.03.17
- The circular lays down the detailed requirements to be complied with by listed entities while undertaking scheme of arrangements.
- It shall be applicable for schemes filed after the date of the circular.
Circular dated 10.03.2017
- In order to make the complaint redressal system through SCORES efficient, the stock brokers/depository participants are directed to address/ redress the complaint within a period of 15 days from the receipt of complaint.
- The stock brokers/ depository participants shall develop a system for executing the same.
Circular dated 28.02.2017
FPIs are allowed to invest in corporate debt securities and securitized debt instruments subject to the compliance of the conditions prescribed under the said Circular.
Circular dated 23.02.17
The existing Investor Grievance Redressal Panel (IGRP)/ Arbitration Mechanism is modified after taking into consultation the view of the stock exchanges and depositories in this regard.
FEMA
Notification dated 31.03.2017
Limits for investment by FPIs in Central Government Securitues and State Development Loans (SDLs) for the quarter April-June, 2017 are proposed to increase by Rs.110 billion and Rs.60 billion respectively.
Circular dated 30.03.17
In line with the restoration of limits on cash withdrawals from bank accounts and ATMs, it has been decided to restore status quo regarding purchase of foreign exchange from customers by authorized persons as mentioned in Paragraph 4.4 (e) of Annex to A.P. (DIR Series) Circular No. 17 dated November 27, 2009.
Circular dated 21.03.17
- With a view to provide operational flexibility to multinational entities and their Indian Subsidiaries exposed to currency risk arising out of current account transactions emanating in India, the extant guidelines have been amended as per the terms and conditions set out in Annex I to the above said circular.
- Necessary amendments have been made to the Foreign Exchange Management (Foreign Exchange Derivatives Contracts) Regulations, 2000.
Circular dated 09.03.2017
The above said regulations is hereby amended so as to include the provisions relating to “e-commerce” industry.
Circular dated 03.03.2017
Regulation 5(9) and Schedule 9 of the Foreign Exchange Management (Transfer or Issue of a Security by a person Resident outside India) Regulations, 2000 is amended.
Circular dated 22.02.2017
The directions relating to Money Transfer Service Scheme are being issued in a consolidated form as ‘Master Direction on Money Transfer Service Scheme (MTSS)’.
He holds a Bachelor’s and Master’s Degree in Corporate Secretaryship and a Degree in Law. He is a Fellow member of the Institute of Company Secretaries of India and an Associate Member of the Corporate Governance Institute, UK and Ireland. He has also completed a program from ISB on ‘Value Creation through Mergers and Acquisitions.
Mr P Muthusamy is an Indian Revenue Service (IRS) officer with an outstanding career of 30+ years of experience and expertise in all niche areas of Indirect Taxes covering a wide spectrum including GST, Customs, GATT Valuation, Central Excise and Foreign Trade.
During his judicial role, he heard and decided a large number of cases, including some of the most sensitive, complicated, and high-stake matters on insolvency and bankruptcy, including many cases on resolution plans, shareholder disputes and Schemes of Amalgamation, De-mergers, restructuring etc.,
A K Mylsamy is the Founder, Managing Partner and the anchor of the firm. He holds a Degree in law and a Degree in Literature. He is enrolled with the Bar Council of Tamil Nadu.
Mr. K Rajendran is a former Indian Revenue Service (IRS) officer with a distinguished service of 35 years in the Indirect Taxation Department with rich experience and expertise in the fields of Customs, Central Excise, Service Tax and GST. He possesses Master’s Degree in English literature. Prior to joining the Department, he served for the All India Radio, Coimbatore for a period of about 4 years.
An MBA from the Indian Institute of Management, Calcutta, and an M.Sc. in Tourism Management from the Scottish Hotel School, UK, Ashok Anantram was one fo the earliest IIM graduates to enter the Indian hospitality industry. He joined India Tourism Development Corporation (ITDC) in 1970 and after a brief stint proceeded to the UK on a scholarship. On his return to India, he joined ITC Hotels Limited in 1975. Over the 30 years in this Organisation, he held senior leadership positions in Sales & Marketing and was its Vice President – Sales & Marketing. He was closely involved in decision making at the corporate level and saw the chain grow from a single hotel in 1975 to a very large multi-brand professional hospitality group.
Mani holds a Bachelor Degree in Science and P.G. Diploma in Journalism and Public Relations. He has a rich and varied experience of over 4 decades in Banking, Finance, Hospitality and freelance Journalism. He began his career with Andhra Bank and had the benefit of several training programs in Banking.
Mr. Kailash Chandra Kala joined the Department of Revenue, Ministry of Finance as ‘Customs Appraiser’ at Mumbai in the year 1993.
S Ramanujam, is a Chartered Accountant with over 40 years of experience and specialization in areas of Corporate Tax, Mergers or Demergers, Restructuring and Acquisitions. He worked as the Executive Vice-President, Group Taxation of the UB Group, Bangalore.
K K Balu holds a degree in B.A and B.L and is a Corporate Lawyer having over 50 years of Legal, Teaching and Judicial experience.
Justice M. Jaichandren hails from an illustrious family of lawyers, academics and politicians. Justice Jaichandren majored in criminology and then qualified as a lawyer by securing a gold medal. He successfully practiced in the Madras High Court and appeared in several civil, criminal, consumer, labour, administrative and debt recovery tribunals. He held office as an Advocate for the Government (Writs Side) in Chennai and was on the panel of several government organizations as senior counsel. His true passion lay in practicing Constitutional laws with focus on writs in the Madras High Court. He was appointed Judge, High Court of Madras in December 2005 and retired in February 2017.
S Balasubramanian is a Commerce and Law Graduate. He is a member of the Delhi Bar Council, an associate Member of the Institute of Chartered Accountants of India, the Institute of Company Secretaries of India and Management Accountants of India.