SEBI Circular dt. 27.06.2017 Review of Offer for Sale (OFS) of Shares through Stock Exchange Mechanism:
SEBI vide Circular No. CIR/MRD/DP/65/2017 on Tuesday, 27th June, 2017 has modified the existing provision with respect to restriction on sale of shares by promoters post OFS as follows: Promoters of eligible companies shall be permitted to sell shares within period of 2 weeks from the OFS transaction to the employees of such companies and […]
MCA Notification dt. 29.06.2017 notified Companies (Transfer of Pending Proceedings) Second Amendment Rules, 2017:
MCA vide Notification No. G.S.R. ………(E) on Thursday, 29th June, 2017, has notified the Companies (Transfer of Pending Proceedings) Second Amendment Rules, 2017 which shall come into force on the date of publication in Official Gazette, unless otherwise provided. Vide said notification Rule 4 and Rule 5 has been amended as below: Rule 4: Pending […]
MCA Notification dt. 22.06.2017 notified Companies (Audit and Auditors) Second Amendment Rules, 2017:
MCA vide Notification No. G.S.R. 621(E) on Thursday, 22nd June, 2017 notified Companies (Audit and Auditors) Second Amendment Rules, 2017 which shall come into force on the date of their publication in the Official Gazette. Vide said notification in Rule 5(b), limit of applicability of rotation of statutory auditors in private companies is amended to […]
MCA Office Order dt. 22.06.2017 GST Facilitation Cell:
MCA vide Office Order on Thursday, 22nd June, 2017, stated that as Goods and Service Tax (GST) would be rolled out w.e.f. 1st July, 2017, Ministry has set up ‘GST Facilitation Cell’ under Economic Advisor, Ministry of Corporate Affairs to provide all possible support in the matter. It is requested to all Stakeholders, Professional Institutes […]
SEBI Press Release dt. 21.06.2017 Decisions in SEBI Board Meeting:
SEBI vide Press Release No. 35/2017 on Wednesday, 21st June, 2017 released decisions taken in its Board Meeting held on 21st June, 2017. The following are the major decisions taken: Relaxations from preferential issue requirements and open offer obligations are now also available for new investors acquiring shares in distressed companies through Strategic Debt Restructuring (SDR) […]
MCA Notice dt. 17.06.2017 Deployment of e-form DIR-5 for Surrender of DIN on MCA21:
MCA vide Notice on Saturday, 17th June, 2017, stated that Application for Surrender of DIN is now to be made through e-form DIR-5 w.e.f. 21st June, 2017 on MCA21 portal. It is advised to file this e-form instead of it being filed as an attachment to form RD-1.
BSE vide Circular dt. 14.06.2017 stated Mandatory Filing of Reconciliation of Share Capital Audit Report in XBRL Mode:
BSE, in continuation of earlier Circulars in connection with mandatory filing of information with the Exchange in electronic mode like SHP, Corporate Governance Report, Voting Results & Financial Results in XBRL mode, vide Circular no. LIST/COMP/05/2017-18 on Wednesday, 14th June, 2017, has decided to do filing of Reconciliation of Share Capital Audit Report (Regulation 55A of […]
MCA Notification dt. 13.06.2017 Exemptions to Private Companies:
MCA vide Notification No. G.S.R. 583(E) on Tuesday, 13th June, 2017 amended the previous notification no. G.S.R. 464(E) dt. 5th June, 2015 in respect of Exemptions to Private Companies. Vide said notification following exemptions have been granted: Proviso to Section 2(40): Exemption has been granted to private startup company also for preparation of cash flow […]
MCA Notification dt. 13.06.2017 Exemptions to Private Companies:
MCA vide Notification No. G.S.R. ………(E) on Tuesday, 13th June, 2017 amended the previous notification no. G.S.R. 464(E) dt. 5th June, 2015 in respect of Exemptions to Private Companies. Vide said notification following exemptions have been granted: Proviso to Section 2(40): Exemption has been granted to private startup company also for preparation of cash flow […]
MCA Notification dt. 13.06.2017 Exemptions to Section 8 Companies:
MCA Notification dt. 13.06.2017 Exemptions to Section 8 Companies: MCA vide Notification No. G.S.R. ………(E) on Tuesday, 13th June, 2017 amended the previous notification no. G.S.R. 466(E) dt. 5th June, 2015 in respect of Exemptions to Section 8 Companies. Vide said notification following exemptions have been granted: Clause (b) & first proviso to Section 149(1): […]