NSE and BSE issue Circular regarding Additional affirmations by Practicing Company Secretaries (PCS) in Annual Secretarial Compliance Report
National Stock Exchange (“NSE”) and Bombay Stock Exchange (“BSE”) have issued Circulars regarding Additional affirmations by Practicing Company Secretaries (PCS) in Annual […]
MCA extends due date for filing Form DPT-3 (Return of deposits) till 31st July, 2023 for the F.Y. ended on 31.03.2023
Owing to transition of MCA-21 portal from Version 2 to Version 3, the Ministry of Corporate Affairs (“MCA”) has extended the due […]
SEBI amends LODR Regulations impacting disclosure requirements, reporting of cyber security incidents etc.
The Securities and Exchange Board of India further amends the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR […]
SEBI introduces regulatory framework for Execution Only Platforms for facilitating transactions in direct plans of schemes of Mutual Funds
The Securities and Exchange Board of India (“SEBI”) to facilitate transactions in direct plans of schemes of Mutual Funds has issued Regulatory […]
SEBI allows Mutual Funds to engage in repo transactions involving Listed AA and above rated corporate debt securities, Commercial Papers (CPs), and Certificate of Deposits (CDs)
With immediate effect, the Securities Exchange Board of India (SEBI) has amended its previous circulars (CIR/IMD/DF/19/2011 dated November 11, 2011 and CIR/IMD/DF/23/2012 […]
IMEs with an Udyam Assist Certificate to be treated by the RBI as Micro Enterprises under MSME for the purposes of PSL classification
The Reserve Bank of India (“RBI”) has issued a notification on “Formalisation of Informal Micro Enterprises on Udyam Assist Platform”. RBI has […]
RBI notifies Master Direction on KYC to update the instructions on Wire Transfer
The Reserve Bank of India (“RBI”) has issued an amendment to Master Direction (MD) on KYC to update the instructions on Wire […]
The RoC, Mumbai has imposed a whopping amount of Rs 1 crore as penalty on a company for failing to utilise its CSR funds in the prescribed manner
The Registrar of Companies (“RoC”), Mumbai, in a recent case, has imposed the maximum penalty of Rs. 1 crore on a leading […]
SEBI mandates reporting of Legal Entity Identifier code for issuers who have listed or are proposing to list non-convertible securities, securitised debt instruments, security receipts
Securities and Exchange Board of India mandates that issuers having – outstanding listed non-convertible securities as on August 31, 2023 and outstanding […]
Form STK-2 for striking off companies along with C-PACE functionality will be launched on 1st May, 2023 in V3 MCA21 portal
The Ministry of Corporate Affairs ( “MCA”) is launching Form STK- 2 along with C-PACE functionality on 1st May 2023 at 12:00 […]
Stock Exchanges, Clearing Corporations and Depositories are directed to issue Master circulars consolidating their respective guidelines and issue this to all SEBI regulated entities
Securities and Exchange Board of India (SEBI) has directed the Stock Exchanges, Clearing Corporations and Depositories [collectively referred to as ‘Market Infrastructure […]
National Financing Authority issues guidelines for correct disclosure of Accounting Policies
The National Financial Reporting Authority ( “NFRA”) through a circular has issued instances of non-compliance of Indian Accounting Standards (Ind ASs) on […]