Category: Corporate Laws

Rule 6 deals with intimation of receiving foreign funds from relatives. Through this amendment it is stated that “any person receiving foreign contribution in excess of 10 lakhs or equivalent thereto in a financial year …

Read More "The Foreign Contribution (Regulation) Amendment Rules, 2022."

In this regard, it has been clarified that, resident individuals, as referred to in the RBI circular on LRS dated February 16, 2021, are not permitted to transact/invest in BDR on IIBX through the LRS …

Read More "Resident individuals are not permitted to transact/invest in BDR on IIBX through the LRS route"

Under this rule, the Authority shall have power to monitor and enforce compliance with accounting standards and auditing standards, oversee the quality of service.

Where the Registrar, on examining the application made in Form STK-2, finds that it is necessary to call for further information or finds such application or any document annexed therewith is defective or incomplete in …

Read More "Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2022"

FC/FU intending to undertake any of the non-core activity (ies) in IFSC, shall be subject to the provisions of the respective Framework / Guidelines as specified by the Authority for that particular activity. Also, an …

Read More "Consultation paper on proposed IFSCA (Finance Company) (Amendment) Regulations, 2022"

The Amendment is brought under regulation 5 which deals with “application for membership”in which if a person, desires to have his name entered in the Register shall submit to the Secretary an application, in the …

Read More "The Chartered Accountants (2nd Amendment) Draft Regulations, 2022."

The amendment provides that no application number shall be generated in case of the person applying for Director Identification Number is a national of a country which shares land border with India, unless necessary security …

Read More "Companies (Appointment and Qualification of Directors) Amendment Rules, 2022"

The amendment provides that for the financial year 2021-2022, Form CSR-2 shall be filed separately on or before 31st March, 2023 after filing Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), as the …

Read More "Companies (Accounts) Third Amendment Rules, 2022"

The amendment provides that in case of a compromise or an arrangement or merger or demerger between an Indian company and a company or body corporate which has been incorporated in a country which shares …

Read More "Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2022"

The members shall note that the Submissions of details of Stock Brokers Indemnity Policy is required to be made only in electronic format through ENIT and Members opting for the Stock Brokers Indemnity Policy through …

Read More "NSE issues circular on Mandatory Insurance Cover for FY 2022-23."