Attorneys at Law Since 1964

Circulars & Notifications

 

mca icon Company Law

Notification dated 29.12.2016

  • The Rules shall come into force from 1st January, 2017.
  • Rule 38 of the Principal Rules which deals with Simplified proforma for Incorporating Company Electronically (SPICe) is modified.
  • The Rules also seek to omit Form INC 2 and modify Form INC 7.

 

Notification dated 26.12.2016

The rules pertaining to Section 248-252 of the Companies Act, 2013 which deals with removal of names of Companies from the Register of Companies are notified.

 

Notification dated 26.12.2016

Sections 248 to 252 of the Companies Act, 2013 shall come into force on 26th December, 2016.

 

Notification dated 20.12.2016

The Rules seek to amend various provisions and forms of the National Company Law Tribunal Rules, 2016 (‘Principal Rules’) of MCA dated 21st July, 2016.

 

Notification dated 19.12.2016

The Notification seeks to delegate certain powers of the Central Government to the Regional Directors by virtue of Section 458 of the CA, 2013.

 

Notification dated 15.12.2016

The Ministry has notified the rules pertaining to reduction of capital under Section 66 of the Companies Act, 2013.

 


 

sebi icon SEBI

Circular Dated 11.11.2016

  • If the interest payment date falls on a holiday, the payment can be made on the following working day. However, the subsequent payments will be as per schedule and there will be no changes to it.
  • For consistency of interest calculation, a uniform method to be followed.
  • Payments to be made only on the days of money market functioning in Mumbai for the sake of uniformity.

 

Circular dated 10.11 2016

  • Mutual funds must upload 30% KYC data by November 30, 2016, next 30% by January 31, 2017 and the final 40% by March 31, 2017.
  • Intermediaries other than mutual funds must complete 50% uploading of KYC data by November 30, 2016 and the rest 50% by December 31, 2016
  • Stock Exchanges and Depositories are to notify the provisions of the circular to the Stock Brokers and DPS, make amendments to the rules/regulations/bye-laws, monitor compliance and communicate the status of implementation to SEBI

 

Circular dated 1.11.2016

SEBI constituted a committee for Credit Rating Agency’s to strengthen the guidelines followed, increase transparency in the policies of the CRAs, enhance the standards followed by the industry and facilitate easy understanding of the ratings by the investors.

 

Notification dated 26.10.2016

If a non-compliant listed entity fails to pay the fine levied for non-compliance of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 within the prescribed period, the concerned stock exchange shall take steps to freeze the holdings of the Promotor and Promotor group in co-ordination with the other stock exchanges and depositories.

 

Notification dated 24.10.2016

The Listed Insurance Companies shall continue to follow the format prescribed by IRDAI for the disclosures pertaining to (i) quarterly financial results for the quarter ending 3oth September 2016 and 31st December 2016 (ii) newspaper publishing purpose. With regard to any other disclosure requirements, the format specified by SEBI shall apply for the listed insurance companies also.

 

Notification dated 20.10.2016

SEBI has prescribed detailed requirements for disclosure of financial information in offer document/ placement memorandum for the InvITS in Annexure A of the said Circular.

 


 

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.

 

Newsletter


Offices

61, TTK Road, Alwarpet, Chennai 600 018

Bootstart - Cabin 1, 2nd Floor, Doulatram Mansion Building, Rambhau Salgaonkar Road, Badhwar Park, Apollo Bandar, Colaba, Mumbai – 400 005

2283, 14th A Main Road, HAL 2nd Stage, Indiranagar, Bengaluru 560008

965, Harita Centre, Avinashi Road, Coimbatore 641 037

Top