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Domestic Incident Report (DIR) - How fair?

Justice is based substantially on natural ideals and human values and justice can be secured and delivered only after hearing both the parties to the issue. The principle of natural justice plays a pivotal role in the justice delivery system. The main intention of this write up is that the Principle of natural justice should be applied uniformly in all Domestic Violence (in short "DV") cases registered in India under the Protection of Women from Domestic Violence Act, 2005 (in short..

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Intricacies of outbound mergers in India: An analysis

ABSTRACT The concept of outbound mergers came into fashion after 1991 when globalization emerged in India. The concept of outbound mergers was not present in the Companies Act, 1956. The Companies Act of 1956 included the concept of the merger of a foreign company with an Indian Company, known by inbound mergers but it did not contain the concept of vice-versa. This meant that if an Indian Company could have wished to merge with a company situated outside India, it was not allowed to do so in..

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Recommendations made by SEBI on proposed amendments to SEBI (LODR) Regulations, 2015

SEBI has issued on September 11, 2020, a consultation paper recommending amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (hereinafter referred to as “Listing Regulations”) which have wide-spread ramifications. Before making the amendments operational, SEBI has elicited responses from the stakeholders on the proposal's latest by October 11, 2020, so that these could be considered before implementation of the recommendations. A critica..

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Extension of period of the Company Law Committee

F. No. 211/2018-CL-V  Government of India  Ministry of Corporate Affairs  5th Floor, 'A' Wing, Shastri Bhawan,  New Delhi- 110001  Dated: 17th September, 2020  ORDER   Subject:- Constitution of the Company Law Committee  In continuation of the Order of even no. dated 18.09.2019 (annexed herewith), the tenure of the Company Law Committee is hereby extended upto two years from the date of that order i.e. upto 17.09.2021.  2. T..

Posted in news |   701 Views

Decoding recent SEBI announcement on Multi cap funds and its impact on you as an Investor

The Securities and Exchange Board of India (SEBI) on Friday 11th Sep 2020 announced a detailed structure for multi-cap Mutual Funds. How these changes in Multi cap funds impact you as an Investor? What is the opportunity in Direct Equity in Mid and Small cap? What action is to be taken in response to this announcement? Do we need to change portfolio allocation? Do we stop SIP in Multi cap funds? We answer all the above questions for you in the most simplistic manner.   ..

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ICAI invites comments on SEBI Consultation Paper on The Format for Business Responsibility and Sustainability Reporting

Sustainability Reporting Standards Board The Institute of Chartered Accountants of India September 10th, 2020 ANNOUNCEMENT Invitation of Comments on SEBI Consultation Paper on The Format for Business Responsibility and Sustainability Reporting In November 2018, the Ministry of Corporate Affairs (MCA) constituted a committee for finalising business responsibility reporting formats for both listed and unlisted companies, based on the framework of the National Guidelines on Responsible B..

Posted in news |   2 comments |   284 Views

System driven disclosures under Reg. 7(2) of SEBI (PIT) Regulations, 2015

Overview Securities and Exchange Board of India (SEBI) vide notification / Circular No. SEBI/HO/ISD/ISD/CIR/P/2020/168 issued and publish dated 09th September, 2020, has published - Automation of Continual Disclosures under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 - System driven disclosures.” in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with regulations 4(3) and 11 of the PIT Regul..

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Application for seeking extension of time for holding AGM for the FY ended 31st March 20

Date: -------------- To, The Office of the Registrar of Companies (ROC) Madhya Pradesh Ministry of Corporate Affairs Sanjay Complex, 'A' Block 3rd Floor, Jayendraganj Gwalior, M.P. - 474009   Sub: Application for seeking extension of time for holding Annual General meeting for the financial year ended 31.03.2020 Respected Sir, This is with reference to the above subject and MCA vide General Circular no. 28/2020 dated 17th August, 2020 has issued Clarification ..

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SEBI issues guidelines for appointment of Insolvency Professionals as Administrators

Guidelines for Appointment of Insolvency Professionals as Administrators under the Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018 The Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018, [Regulations] provide for appointment of Insolvency Professionals (IPs) as Administrators for the purposes specified therein. A copy of the sai..

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How to claim the assets of deceased person?

We keep on working throughout our life to earn and accumulate more and more assets / Investment but very few of us are serious of the fact about the protection of this hard-earned wealth. Here comes a million-dollar question! What happens to these investments after the death of the persons who own/inherit such as investment or properties? How a person can deal with his assets/investments? The following key points suggest some ways to deal with one's assets/investments: A self-..

Posted in articles |   2 comments |   1677 Views

Labour Law Reforms

Introduction Indian policymakers seem to have realized the importance of manufacturing in providing jobs but it is also equally important to realize that the path leading to higher manufacturing employment has to necessarily cross a difficult bridge called labour reforms. Labour laws in India are perceived by trade and industry circles as complex, archaic, and not conducive to promoting the interests of the industry. Some of the labour laws are both enacted and enforced by the Centre; in resp..

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FAQs on Buy-Back of Securities Regulations 2018

These FAQs offer only a simplistic explanation/clarification of terms/concepts related to the SEBI (Buy-back of Securities) Regulations, 2018 ['Buyback Regulations']. Any such explanation/clarification that is provided herein should not be regarded as an interpretation of law nor be treated as a binding opinion/guidance from the Securities and Exchange Board of India ['SEBI']. For full particulars of laws governing the buyback of securities, please refer to actual text of the Act..

Posted in articles |   378 Views

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