MCA Notification dated 21.01.2022 contains a list of notifications issued by the Ministry of Corporate Affairs during 2023 for making amendments to the provision of the Companies Act 2013 and Rules
Remuneration payable to Whole Time Directors / Executive directors of listed entities is mainly governed by the Companies Act 2013. Whereas SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
SEBI vide its Notification dated 17th January 2023 has notified the following regulations to further amend the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Non-executive Directors are directors who are not in whole time employment of the company. These directors are remunerated by payment of sitting fees, commission on profits and fees for rendering professional services.
Remuneration to Directors
Ministry of Corporate Affairs ('MCA') vide its circular dt: December 28, 2022 allowed Companies to convene EGM or AGM through Video Conferencing (VC) of Other Audio Visual Means ('OAVM'). This extension is allowed till September 30, 2023.
Newly incorporated Public Limited, Private Limited and One Person Companies registered with effect from February 15, 2020 ['Companies'] are being allotted ESIC registration number by default at the time of its incorporation.
SEBI vide its circular dt: January 25, 2022 had directed listed entities to process all service requests in Demat form.
Reserve Bank of India ('RBI') vide its Circular dated January 4, 2023, has streamlined the process of filing for reporting of Foreign Investment in India in Single Master Form (SMF) on FIRMS Portal.
MCA vide it's circular dt: April 8,2020 and circular dt: April 13, 2020 had allowed postal ballots to be conducted through a special framework. Conducting of Postal Ballots through this special framework was allowed till December 31, 2022.
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