Category: Corporate Laws

RBI has decided to exempt investments by FPI in NCDs/bonds which are under default, either fully or partly, in the repayment of principal on maturity or principal instalment in the case of amortising bond from …

Read More "RBI Relaxes norms for Investment by Foreign Portfolio Investors (FPI) in Defaulted Bonds"

The securities of all companies shall be traded in the normal segment of the exchange if and only if, the company has achieved at least 50% of non-promoters holding in dematerialized form by October 31st …

Read More "SEBI Master Circular on Surveillance of Securities Market"

It is proposed that KMPs or employees of \promoter group companies, cannot be appointed as Independent Directors in the company, unless there has been a cooling-off period of 3 years. The said restriction shall also …

Read More "Consultation paper on Review of Regulatory Provisions related to Independent Directors"

The SOP provides that only in respect of matters at the final hearing stage, where pleadings are complete, will be allowed to be heard through physical hearing.

RBI has extended the time to make application for authorization as a pan-India umbrella entity for retail payments as per the framework for authorization of pan-India Umbrella Entity for retail payments on August 18, 2020 …

Read More "RBI extends the time to make application for authorization as a pan-India umbrella entity for retail payments"

Any entity shall be permitted to provide custodial services by establishing a subsidiary at GIFT-IFSC. The subsidiary established shall be subject to prior approval by the Authority.

Investors are advised to verify the antecedents / status of a Nidhi Company especially their declaration of their status as Nidhi Company by the Central Government before becoming its member and investing in such companies.

A minimum capital of USD 2, 00,000 or its equivalent in freely convertible foreign currency, is to be maintained at all times by the entity.

The amendment brings in a new rule 2A which liberalize the definition of listed companies under the Companies Act to give compliance relief to public limited companies and private limited companies having listed debt securities.

Clauses of Section 164 of the Companies Act, which state that a director of a company which has defaulted on filing financial statements or annual returns for three consecutive years will be disqualified as director, …

Read More "MCA applies certain sections of Companies Act to LLP Act."