Corporate Laws & Corporate Governance Committee The Institute of Chartered Accountants of India 18th January, 2021 ANNOUNCEMENT Sub: Amendment in provision of SEBI (ICDR) Regulations, 2018 relating to cases where minimum promoter’s contribution is not required As per Securities and Exchange Board of India (Issue of Capital And Disclosure Requirements) Regulations, 2018, Regulation 112 has been amended where minimum promoter’s contribution is not required. After amen..
SEBI Board Meeting The SEBI Board met in Mumbai today. The out of station Members joined the meeting through video conferencing. The Board, inter-alia, took the following decisions: I. Amendments to SEBI (Mutual Funds) Regulations, 1996 SEBI, in consultation with various stakeholders, undertook a detailed exercise on review of SEBI (Mutual Funds) Regulations, 1996 (hereinafter called as “MF Regulations”) and various circulars issued thereunder in order to examine certain po..
Consultation Paper Review of framework of Innovators Growth platform (IGP) under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. 1. Objective 1.1. The objective of this discussion paper is to seek comments / views from various stakeholders including start-ups in particular, market intermediaries and the public on the framework of Innovators Growth platform (IGP) under Chapter X of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (the SEBI ICD..
Cabinet approves the proposal of Securities & Exchange Board of India (SEBI) to sign Bilateral Memorandum of Understanding between India and Luxembourg The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval for the proposal of Securities & Exchange Board of India (SEBI) to sign a bilateral Memorandum of Understanding (MOU) between Securities and Exchange Board of India and Financial and Commission de Surveillance du Secteur Financier (CSSF), Luxembo..
Consultation Paper - Compliance Standards for Index Providers 1. Objective To solicit the comments / views from market participants on compliance standards for index providers, to enhance greater level of transparency, promoting the reliability of benchmark determinations, addressing benchmark governance and accountability mechanisms, by providing a broad framework for index providers managing / maintaining Indices. 2. Background 2.1. To create an overarching framework of Principles ..
CIRCULAR SEBI/HO/MIRSD/RTAMB/CIR/P/2020/236 December 02, 2020 To All Listed Companies (through Stock Exchanges) All Registrars to an Issue & Share Transfer Agents (RTA) All Depositories All Recognized Stock Exchanges All Depository Participants (DP) Dear Sir/ Madam, Sub: Operational guidelines for Transfer and Dematerialization of re-lodged physical shares 1. SEBI, vide circular no. SEBI/HO/MIRSD/RTAMB/CIR/P/2020/166 dated September 07, 2020, has fixed March 31, 2021 as the..
We had applied for LUT, but the client accidentally paid via money transfer (like western union) to our current bank account. Since amount recieved is in INR and country is Israel, also I cannot get an FIRC for same as purpose code with these services is "Family assistance" as it shows in transaction desceiption. It is second time he made this mistake, since he was used to making payment same way to the director(me) before incorporation of a company. For the last payment I just transferred i..
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..
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..
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..
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..
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. ..