Commencement of Business

The erstwhile Companies Act 1956, provided that a public company should obtain a certificate for commencement of business and conduct a statutory meeting within 180 days of...

Amendment to Deposit Rules

The Ministry of Corporate Affairs (MCA) has Vide Notification dated 22^nd January, 2019 has amended Rule 16 of the Companies (Acceptance of Deposits) Rules, 2014 ...

SECRETARIAL AUDIT REPORT AND ANNUAL SECRETARIAL COMPLIANCE CERTIFICATE

SEBI vide its Circular dated 09^th May 2018 (as part of the implementation of the recommendations of Uday Kotak Committee on Corporate Governance) inter alia, ins...

BUDGET 2019: AMENDMENTS TO THE INDIAN STAMP ACT, 1899 RELATING TO ISSUE OF DEBENTURES

The Finance Bill 2019, proposes to amend the Article 27 of Schedule I to Indian Stamp Act, 1899 (Stamp Act).

The Amen...

RESERVE BANK OF INDIA(RBI) RELAXES CONDITIONS FOR ESTABLISHMENT OF BRANCH OFFICE, LIAISON OFFICE AND PROJECT OFFICE IN INDIA BY FOREIGN ENTITIES

The RBI has issued an updated FED Master Direction No.10/2015-16 (originally dated 01^st January, 2016) on 29^th March, 2019 relaxing the conditions fo...

Filing of Audit report under Regulation 55A of SEBI (Depositories and Participants) Regulations, 1996 by unlisted companies

Vide the amendment to Companies (Prospectus and Allotment of Securities) Rules, 2014, dated 02^nd October, 2018, Rule 9A was inserted which inter alia mandated ...

CSR SPEND MADE MANDATORY

Reviewing cannot proceed on the assumption that the authors are lying. Everything cannot be proved! Asking for “model samples” is standard practice in the big journals (“s...

Amendments relating to Debenture Redemption Reserve and Maintenance of Liquid Assets

Companies (Share Capital and Debentures) Amendment Rules, 2019 dated 16th August, 2019

FILING OF PARTICULARS OF “CHARGE” MADE STRINGENT

Section 77 of the Companies Act, 2013 (the Act) has been amended vide the Companies (Amendment) Act, 2019 (the Amendment Act) making stringent the time period for registrat...

FOREIGN DIRECT INVESTMENT IN CONTRACT MANUFACTURING CONTINUES TO BE UNDER APPROVAL ROUTE

The Central Government has been promoting various measures for ease of doing business and for attracting investments in the manufacturing sector. Further, the Central Gover...

FOREIGN DIRECT INVESTMENT PERMITTED FOR CONTRACT MANUFACTURING THROUGH AUTOMATIC ROUTE

Vide our Latest Statutory Snapshot titled “Foreign Direct Investment in Contract Manufacturing continues to be under Approval Route” dated 02^...

NEW RATES OF STAMP DUTY APPLICABLE FOR ISSUE / TRANSFER OF SECURITIES

The Finance Act, 2019 (with effect from 21^st February, 2019) inter alia has provided for amendments to India Stamp Act, ...

NEW RESTRICTIONS ON FOREIGN DIRECT INVESTMENT FROM COUNTRIES SHARING LAND BORDER WITH INDIA

The Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India has vide Press Note 3 (2020 Series) dated 17^th