Attorneys at Law Since 1964

Circulars & Notifications

 

mca icon Company Law

Dated 14.02.2017

  • The Regulations shall come into force on the date of their publication in the Official Gazette.
  • 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: 04.01.2017

In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of Section 462 and in pursuance of sub-section (2) of the said section of the Companies Act, 2013 (18 of 2013), the Central Government, in the interest of public, hereby directs that certain provisions of the Companies Act, 2013 (18 of 2013), shall not apply to the said Private Companies specified in the Notification.

 

Notification dated: 04.01.2017

In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of Section 462 and in pursuance of sub-section (2) of the said section of the Companies Act, 2013 (18 of 2013), the Central Government, in the interest of public, hereby directs that certain provisions of the Companies Act, 2013 (18 of 2013), shall not apply to the said Public Companies specified in the Notification.

 

Notification dated 25.01.2017

  • The Rules shall come into force on 30th January 2017.
  • The Incorporation Certificate of the Company shall also contain the Permanent Account Number of the Company. Form INC-11 has been amended accordingly.

 

Order dated 19.01.2017

The Hon’ble President of NCLT have authorized ten benches of NCLT to hear and dispose of matters received under Insolvency and Bankruptcy Code, 2016 and Chapter XV: Compromises, Arrangements and Amalgamations under the Companies Act, 2013

 


 

sebi icon SEBI

Notification dated 29.12.2016

A REIT shall submit its financial information to SEBI every half yearly and annually. The financial information of the first half year period of the financial year, shall be submitted within 45 days from the end of the half year. The annual financial information shall be submitted within 60 days from the end of the financial year along with the financial information of the second half year.

 

Notification dated 02.12.2016

The margin benefit on spread positions shall be entirely withdrawn latest by the start of tender period or the start of the expiry day, whichever is earlier.

 

Notification dated 01.12.2016

SEBI has formulated guidelines with respect to the following

  • Direct connectivity between colocation facilities of recognized stock exchanges.
  • Colocation services / data centre facilities entirely/ partially provided and managed by a third-party data centre service provider.
  • Stock exchanges allowing stock brokers / data vendors to connect to the stock exchange Trading system over an internal Local Area Network (LAN).

 

Notification dated 29.11.2016

The requirements for disclosure of financial information and pertinent compliances on continuous basis and the requirements for disclosure of non-financial information and pertinent compliances on continuous basis are given under this notification.

 

Notification dated 28.11.2016

A broad framework for functioning of stock exchanges and clearing corporations in IFSC has been formulated based on the representations received from the market participants.

 

Circular Dated 17.11.2016

Amendments have been made for providing guidelines in the following provisions of their respective circulars.

  • Clause 1.1 of SEBI Circular dated May 08, 2001 on investments.
  • Clause 1.2 of SEBI Circular dated May 08, 2001 on applicability of guidelines.
  • Clause 2.2.2 (ii) of SEBI Circular dated May 08, 2001.
  • Clause 1.4 of SEBI Circular dated May 08, 2001 read with July 11, 2003 and December 15, 2009.
  • Clause 3 of SEBI Circular dated June 20, 2002.

 


 

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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