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May 16 amendment

kanika Seth (Student) (269 Points)

18 March 2016

please share amendments in allied laws applicable for may 16

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Sathish M (Management Accountant) (40581 Points)
Replied 18 March 2016

Paper- 4: Corporate and Allied Laws

Applicability of the following Amendments/Circulars/Notifications:

(I) The Companies Act, 2013: The relevant sections of the Companies Act, 2013, along with relevant

Rules/ Notifications/ Circulars/ Clarification/ Orders issued by the Ministry of Corporate Affairs up to 30th October, 2015.

(II) The Companies (Amendment) Act, 2015:This amendment Act is an Act to amend the Companies Act, 2013 notified in the Official gazette by the Ministry of Law and Justice on 26th May, 2015.Vide Notification dated 29th May 2015, Central Government declared the date of enforcement of provisions of sections 1 to 12 and 15 to 23 of the Companies (Amendment) Act, 2015. For detail see https://www.mca.gov.in/Ministry/pdf/AmendmentAct_2015.pdf

(III) SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2009

S No.	Amendments	Date of Notification	Reference of Link
1	The SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2015	24th March, 2015	https://www.sebi.gov.in/cms/sebi_ data/attachdocs/1427273950402.pdf
2	Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2015	5th May 2015	https://www.sebi.gov.in/cms/sebi_ data/attachdocs/1430885855266.pdf
3	The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2015	11th August, 2015	https://www.sebi.gov.in/cms/sebi_ data/attachdocs/1439288946967.pdf
4	The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2015.	14th August, 2015	https://www.sebi.gov.in/cms/sebi_ data/attachdocs/1439551592983.pdf
5	The SEBI (Issue of Capital and Disclosure Requirements) (Sixth Amendment) Regulations, 2015	10th September 2015	https://www.sebi.gov.in/cms/sebi_ data/attachdocs/1441965949162.pdf
6	The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Seventh Amendment) Regulations, 2015	27th October 2015	https://www.sebi.gov.in/cms/sebi_ data/attachdocs/1446100080710.pdf

(IV) Securities Contracts (Regulation) Act, 1956 [As Amended by the Finance Act, 2015] :

Various amendments have been inserted in the Securities Contracts (Regulation) Act, 1956 by Part II of Chapter VIII of the Finance Act 2015, w.e.f. 28.09.2015 vide Gazette Notification F. No. 1/9/SM/2015, Extraordinary, Pt. II, Sec. 3, Sub-section (ii) dated 28.08.2015.

For detail see https://www.sebi.gov.in/cms/sebi_data/attachdocs/1444898310496.pdf

(IV) Foreign Exchange Management Act, 1999

S No.	Amendments	Date of Notification	Reference of Link
1	Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India)(Amendment) Regulations, 2015	FEMA. 335/2015-RB, dated 4th Feb, 2015	https://rbi.org.in/scriptts/FS_ Notification.
2	Foreign Exchange Management (Permissible Capital Account Transactions)	FEMA. 337/2015-RB dated 2nd March, 2015	https://rbi.org.in/scriptts/FS_ Notification.
3	The Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2015.	FEMA.342/RB-2014, dated 23rd April, 2015	https://rbi.org.in/scriptts/FS_ Notification.
4	Foreign Exchange Management (Permissible Capital Account Transactions)	FEMA. 341/2015-RB dated May 26, 2015	https://rbi.org.in/scriptts/FS_ Notification.
5	The Foreign Exchange Management (Export of Goods & Services)	FEMA. 347/2015-RB, dated 24th July 2015	https://rbi.org.in/scriptts/FS_ Notification.

Non-Applicability of the following Amendments/Circulars/Notifications

S. No.	Subject Matter
1	Chapter 9 of the study material (October, 2014 edition) covering provisions relating to Revival and Rehabilitation of Sick-Industrial Companies.
2	Chapter 15 of the study material (October, 2014 edition) covering provisions relating to the National Company Law Tribunal and Appellate Tribunal.