SEBI develops framework outlining process for transfer of unclaimed funds from a listed entity to an Escrow Account and the subsequent procedure for investors to claim such amounts; effective 1.03.2024
The Securities and Exchange Board of India (“SEBI”) vide Circular SEBI/HO/DDHS/DDHS-RAC-1/P/CIR/2023/176 dated 8th November, 2023 (“Circular”) has standardized the process to be followed […]
Reporting LLPs must proactively identify their Significant Beneficial Owners (SBO) and obtain declaration(s) from them; Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023 stand notified
The Ministry of Corporate Affairs (“Ministry”) has notified the Limited Liability Partnership (Signification Beneficial Owners) Rules, 2023 (“2023 Rules”). The 2023 Rules […]
Companies (Incorporation) Third Amendment Rules, 2023 notified: eases process for insolvent companies with new management to shift registered offices across States
The Ministry of Corporate Affairs (“Ministry”) has notified the Companies (Incorporation) Third Amendment Rules, 2023 (“Amendment”) to further amend the Companies (Incorporation) […]
LLPs directed to maintain register of partners in registered office and fulfil declaration requirements in respect of beneficial interest in contribution for registered partners: MCA
The Ministry of Corporate Affairs (“Ministry”) has notified the Limited Liability Partnership (Third Amendment) Rules, 2023 (“Rules, 2023”) to further amend the […]
Companies mandated to designate a person for furnishing information to Registrar with respect to beneficial interest in shares of company: MCA
The Ministry of Corporate Affairs (“Ministry”) has notified the Companies (Management and Administration) Second Amendment Rules, 2023 to further amend the Companies […]
MCA mandates private companies (excluding small company) to issue securities only in dematerialised form; companies to comply by end-September 2024
The Ministry of Corporate Affairs (“Ministry”) has notified the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023 (“Rules, 2023”) to […]
MCA informs the stakeholders that processing of application forms for the purpose of name reservation and incorporation at the Central Reservation Centre is faceless and randomised
The Ministry of Corporate Affairs (“Ministry”) has informed the stakeholders on its website that the processing of application forms for the purpose […]
MCA further allows companies to conduct EGMs through Video-Conferencing / Other Audio-Visual means till 30th September, 2024
Ministry of Corporate Affairs (“Ministry”) in a circular dated 25th September, 2023, has decided to further allow companies whose Annual General Meetings […]
SEBI introduces provision for listing of subsequent issuances of non-convertible debt securities under SEBI LODR Regulations
Securities Exchange Board of India ( “SEBI”) amends Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR) […]
Form 3 (Information w.r.t. LLP Agreement and changes) and Form 4 (Notice of appointment, etc. of a partner/designated partner) under Limited Liability Partnership Rules gets amended
The Ministry of Corporate Affairs (“Ministry”) has issued the Limited Liability Partnership (Second Amendment) Rules, 2023 to further amend the Limited Liability […]
SEBI introduces new format of Abridged Prospectus for public issues of Non-Convertible Debt Securities and Non-convertible Redeemable Preference Shares
The Securities and Exchange Board of India (“SEBI”) has revised and updated the format for disclosures in the abridged Prospectus and provided […]
MCA notifies circular for condonation of delay in filing of Form-3, Form-4 and Form-11
The Ministry of Corporate Affairs (“Ministry”) has issued notification for condonation of delay in filing of Form-3 (LLP Agreement and changes therein), […]