SEBI (Delisting of Equity Shares ) (Second Amendment) Regulations, 2015 issued by SEBI dated 14.08.2015
SEBI vide Notification No. EBI/LAD-NRO/GN/2015-16/010 dated 14/08/2015 issued the SEBI (Delisting of Equity Shares)(Second Amendment) Regulations, 2015 where by it substituted the Proviso to Regulation 3(1). The Amendment text of the said Regulation 3 is reproduced hereunder: Regulation 3: Applicability: (1) These regulations shall apply to delisting of equity shares of a company from all or any of […]
MCA modified the version of Form MR-2 wef 14/08/2015
MCA modified the verision of Form MR-2 wef 14th August, 2015. Stakeholders are requested to plan accordingly.
SEBI (Issue of Capital and Disclosure Requirements) Third Amendment Regulations, 2015 dated 11/08/2015
SEBI today issued third amendment of the year to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 The same can be accessed at the link below: SEBI (ICDR) Third Amendment Regulations 2015 dated 11082015
SEBI Revises Formats of Declaration under Regulation 31 of SEBI (SAST) Regulations, 2011
Regulations 31 of the SEBI(Substantial Acquisition of Shares and Takeover) Regulations, 2011 requires promoters of target company to make certain disclosures about their encumbered shares in the prescribed formats. In this regard, so as to ensure that adequate disclosures are made to help investors in taking an informed decision, SEBI modified the formats for disclosures under the said […]
Change in version of e-forms by MCA
MCA has informed the Stakeholders that the versions of e-forms 20B, 23AC, 21A, 23ACA, 66, 23ACA(XBRL), 4LLP, FC-4, 23B, FC-1 are likely to be modified w.e.f 01.08.2015.
Introduction of Composite Caps for Simplification of Foreign Direct Investment (FDI) Policy to attract Foreign Investments
The Government of India reviewed the extant FDI Policy on various sectors & brought about the following press note in this regard: Introduction of Composite Caps on FDI to attract Foreign Investors
MCA issues Clarification with regard to circulation and filing of financial statement under section 136 & 137 of the Companies Act, 20l3-reg.
Stakeholder raised a query seeking clarification that as under section 101 companies are allowed to convene meeting at a Shorter Notice, does the provisions of section 136 allow the same for Financial Statements? MCA clarified that Companies convening General Meeting at a Shorter Notice can circulate Finanical Statements to be considered at that meeting at […]
SEBI (Prohibition on Raising Further Capital From Public and Transfer of Securities of Suspended Companies) Order, 2015.
SEBI with a view to protect the interest of the investors of Companies whose shares are suspended from trading issued a order by the name SEBI (Prohibition on Raising Further Capital form Public and Transfer of Securities of Suspended Companies) Order, 2015. SEBI (Prohibition on Raising of Further Capital from Public & Transfer of Securities […]
Introduction of Composite Caps for Simplification of FDI.
The Union Cabinet on Thursday, the 16th July, 2015 introduced Composite Caps for FDI with the view of attracting foreign investment in India. With regards to the same certain amendments to the Consolidated FDI policy were introduced. The Press Release on the same can be accessed at the below given link. Introduction of composite caps […]
MCA extends the time limit for filing of Forms MGT-7 & AOC-4 without payment of additional fees.
MCA vide General Circular No. 10/2015 dated 13th July, 2015 extended the time limit for filing of Forms MGT-7 (Annual Return), Form AOC 4 & AOC 4 XBRL (Financial Statements) without additional fees upto 31/10/2015. For Companies that are required to file Consolidated Financial Statement (CFS) but not XBRL, a separate form with the nomenclature […]