To align with provisions of the Companies Act, 2013, ICSI rolls out revised Secretarial Standard on Meetings of Board of Directors (SS-1) and General Meetings (SS-2) effective 01.04.2024
The Institute of Company Secretaries of India (“ICSI”) has rolled out the revised Secretarial Standard-1 (Secretarial Standard on Meeting of the Board […]
Unlisted public companies too may issue equity shares for the purposes of listing on a stock exchange in permissible jurisdiction; Companies (Listing of equity shares in permissible jurisdictions) Rules, 2024 stands notified
The Ministry of Corporate Affairs (“Ministry”) has notified the Companies (Listing of equity shares in permissible jurisdictions) Rules, 2024 (“2024 Rules”). The […]
SEBI further extends timeline for listed companies to mandatorily verify, confirm, deny or clarify market rumours; Top 100 listed entities to now comply by 1.06.24 and Top 250 listed entities by 1.12.24
The Securities and Exchange Board of India (“SEBI”) has, in a recent circular, further extended the timeline for listed companies to mandatorily […]
BSE introduces facility for listed companies to submit filings related to Reconciliation of Share Capital Audit Report under DP Regulations under a single path instead of two different paths (PDF and XBRL)
In an endeavour to promote ease of making filings / submissions, the BSE in a recent circular addressed to Company Secretaries and […]
FSSAI restricts FBOs from manufacturing/selling of ‘cocoa and chocolate products’ and ‘imitation chocolate’ containing steviol glycoside (stevia) as additive in market place or e-commerce platforms till further order
The Food and Safety Standards Authority of India (“FSSAI”) directed Food Business Operators (“FBOs”) to restrict the manufacturing or selling of ‘cocoa […]
Timeline for implementing revised framework for redressing investor grievances through SCORES platform and linking it to online dispute resolution platform stands extended to 01.04.2024
Securities Exchange Board of India (“SEBI”), National Stock Exchange (“NSE”) and Central Depository Services (India) Limited (“CDSL”) have issued circulars in reference […]
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 […]