The Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2020
The amendment provides that an individual shall not be required to pass the online proficiency self-assessment test when he has served for a total period of not less than three years as on the date of inclusion of his name in the data bank as a director.
The Companies (Compromises, Arrangements and Amalgamations) Second Amendment Rules, 2020.
Further a new rules 26A has been inserted which deals with Purchase of minority shareholding held in demat form in which the company shall within 2 weeks from the date of receipt of the amount equal to the price of shares to be acquired by the acquirer, verify the details of the minority shareholders holding shares in dematerialised form.
RBI extends central KYC Registry to legal entities.
In order to ensure that all existing KYC records of individual customers are incrementally uploaded on to CKYCR, REs shall upload the KYC data pertaining to accounts of individuals opened prior to January 01, 2017, at the time of periodic updation as specified in Section 38 of the Master Direction, or earlier when the updated KYC information is obtained/received from the customer in certain cases.
NSE Issues guidelines for maintaining client bank accounts by the trading member.
It is stated that if the member has more than 30 such bank accounts, then members are directed to close the excess bank accounts named as “Name of Stock Broker – Client Account” by December 31, 2020
