The Ministry of Corporate Affairs(“MCA”) on 31 July 2018 published the Companies (Accounts) Amendment Rules 2018. With the amendment coming into effect, the MCA has mandated few insertions to be made by a Company while preparing its Board Report and
The Ministry of Corporate Affairs(“MCA”) on 3 January 2018 notified the Companies Amendment Act 2018 (the “Act”). The Sections 5 & 6 of the Act relaxed the timelines provided under section 12 of the Companies Act 2013 (The “Principal Act”).
SEBI (Foreign Portfolio investors) Regulations, 2014 (“Regulation”) mandated that the purchase of equity shares of each company by a single portfolio investor or an investor group shall be below 10 (ten) percent of the total issued capital of the company.
SEBI vide circular no. SEBI/HO/IMD/DF1/CIR/2018/103/2018 dated 3 July 2018 with the consultation of the Reserve Bank of India (RBI) has decided to enhance the limit from USD 500 (five hundred) million to USD 750 (Seven Hundred Fifty) million, in terms
SEBI vide circular no. CIR/MRD/DoP-1/p/00108/2018 dated 5 July 2018 has reviewed the framework which was earlier in place for the adjustment of corporate actions for stock option contracts. In this regard the same was examined and placed before the Secondary
The Ministry of Labour and Employment (Ministry) vide its notification dated 20 July, 2018 has circulated the Trade Unions (Amendment) Bill, 2018. This draft bill is open to comments till 10th August, 2018, to enable the Ministry to finalise the
The Ministry of Corporate Affairs (the MCA) vide its notification dated 5 July 2018, has notified the Companies (Appointment and Qualification of Directors) fourth Amendment Rules, 2018 which shall come into force with effect from 10 July 2018. The MCA
SEBI on July 24, published its consultation paper on ‘Consultative Paper on Revision of Provisions pertaining to Reclassification of Shareholders’, wherein SEBI has proposed a three phase process for reclassification of promoters as public shareholders. The issue of re-classification had
The Law Commission of India, in its 276th report, has recommended legalisation of regulated betting and gambling activities, asserting that a complete ban has not been returning the desired results. The report states that it is not possible to prevent
The Negotiable Instrument Act, 1881 defines cheques, promissory notes and bills of exchange as valid negotiable instruments and provides for penalties for bouncing of cheques and not honouring these negotiable instruments. The Parliament has recently passed the Negotiable Instruments (Amendment)
Specific Relief Act, 1963 sets out the remedies available to the parties for violation of their civil or contractual rights. The parliament has recently passed the Specific Relief (Amendment) Bill, 2017 (“Bill”). Some of the importance amendments as per the
The Telecom Regulatory Authority of India via Press Release No. 61/2018 dated 4th June, 2018 released recommendations on “Next Generation Public Protection and Disaster Relief (PPDR) communication networks”. PPDR supports a wide range of services such as maintenance of law
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