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Circulars & Notifications

 

mca icon Company Law

Notification dated 07.04.2017

Forms CHG-1, CHG-4 and CHG-9 of the Companies (Registration of Charges) Rules, 2014 has been substituted.

 

Notification dated 31.03.2017

  • The Regulations shall come into force with effect from 1st April, 2017.
  • The Regulations provide for a framework for registration and regulation of information utilities.

Notification dated 31.03.2017

  • The Regulations shall come into force with effect from 1st April, 2017.
  • The Regulations shall apply to the voluntary liquidation of corporate persons under Chapter V of Part II of the Insolvency and Bankruptcy Code, 2016

Notification dated 30.03.2017

Division I and II of Part I of Schedule III to the Companies Act, 2013 has been amended.

 

Notification dated 30.03.2017

Rule 15 (3) (a) of the Companies (Meetings of Board and its Powers) Rules, 2014 has been amended.


 

sebi icon SEBI

Circular dated 22.02.2017

  • The additional exposure limits for Housing Finance Companies in financial services sector has been increased from 10% to 15%.
  • SEBI circular SEBI/HO/IMD/DF2/CIR/P/2016/68 dated August 10, 2016 is hereby altered accordingly.

Circular dated 20.02.2017

  • Existing Schemes of Mutual Funds whose Scheme Information Documents (SIDs) do not envisage investment in derivatives are allowed to do so subject to fulfillment of the following conditions:
  •  The extent and manner of the proposed participation in derivatives shall be disclosed to the unit holders.
  • The risks associated with such participation shall also be described with suitable examples.
  • All the unit holders shall be given at least 30 days exit option without any exit load prior to commencement of trading in derivatives.
  • SEBI circular no. DNPD/Cir-29/2005 dated September 14, 2005 is hereby altered accordingly.

 

Circular dated 14.02.2017

Para 2 of circular IMD/FII&C/30/2008 is partially modified whereby the Custodians shall submit the monthly reports of Securities latest by either the end of the third working day of the succeeding month or the 5th of the succeeding month, whichever is later.

 

Circular dated 10.02.2017

In order to review the extant penalty structure for financial close out in cases of short delivery and to put in place a feasible auction mechanism to deal with settlement shortages, para 8 of the circular no. CIR/MRD/DP/27/2013 dated September 12, 2013 is modified as follows:

  • In case of shortage of delivery, stock exchanges/ clearing corporations may conduct financial close-out. The financial close out shall take place at highest price on Trade date (which becomes the trade price) with a 1% mark-up on trade price.
  • Further, exchanges/ clearing corporations shall introduce an uniform auction mechanism to deal with settlement shortages by March 31, 2017.

 

Circular dated 06.02.2017

  • SEBI has prescribed voluntary adoption of integrated reporting by the top 500 companies which are require Business Responsibility Report
  • The information relating to Integrated Reporting shall form part of the Annual Report of the Company and may also be uploaded in the Company’s website.

 

Notification Dated: 27.01.2017

In order to address any conflict arising out of aforesaid provisions of listing of a stock exchange on any recognised stock exchange, other than itself, and also to ensure effective compliance with the applicable laws, this notification has been updated.

 


 

fema iconFEMA

Notification dated 16.02.2017

It has been decided to permit Multi-lateral and Regional Financial Institutions in which India is a member country to invest in Rupee denominated bonds issued overseas by Indian entities.

 

Notification dated 02.02.2017

NRIs are permitted to access to the exchange traded currency derivatives market for hedging the currency risks arising out of their investments in India under the Foreign Exchange Management Act, 1999 subject to compliance of the terms and conditions prescribed under the said Notification.

 

Notification dated: 25.01.2017

Indian Party is prohibited from making direct investment in an overseas entity (set up or acquired abroad directly as JV/ WOS or indirectly as step down subsidiary) located in the countries identified by the FATF as “non co-operative countries and territories” as per list available on FATF website www.fatf-gafi.org or as notified by the Reserve Bank of India from time to time.

 

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