In terms of Insolvency and Bankruptcy Code, 2016, a financial creditor have to submit financial information and information relating to assets in relation to which any security interest has been created, to an information utility (IU) in the manner as
The MCA vide its notification dated 4 December 2017 with the concurrence of the Chief Justice of the High Court of Karnataka, designated the LIX Additional City and Sessions Judge, Bengaluru City, as Special Court for the speedy trial of
The MCA has notified the Companies (Amendment) Act, 2017 effective from 3 January 2018, this shall amend certain existing provisions of the Companies Act 2013. Key Amendments are as below: The definition of “Associate Company” is aligned with Accounting Standard
In view of reports of misuse of multiple layers of companies, where companies create shell companies for diversion of funds or money laundering, MCA vide its notification dated 20 September 2017 has notified the Companies (Restriction on the number of
The Union Cabinet has approved the introduction of this Bill in the Parliament. The main purpose of this Bill is to increase the ceiling of Gratuity Payments for private sector employees, in line with the ceiling for Government employees, which
The SEBI vide its circular no. IMD/FPIC/CIR/P/2017/113 dated 4 October 2017 has revised Foreign Portfolio Investors (FPI) debt limits for investment in Government securities for the October-December 2017 quarter as below: FPI investment limit in Central Government securities has been
SEBI vide its circular dated 4 August 2017 had directed listed companies to disclose details on defaults of loan payment from banks and other financial institutions to the public within one working day. Now, SEBI vide its circular dated 29
The SEBI vide its notification dated 14 August 2017, has amended Regulation 10 (General Exemptions from making Open Offer) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2017. This regulation shall not
The SEBI vide its notification dated 14 August 2017, has amended Regulation 70 of the SEBI (Issue of capital and disclosure requirements) Regulations, 2009. In case of Conversion of debt into equity under strategic debt restructuring scheme, the pricing guidelines
With an aim to increase data connectivity and digital outreach, the TRAI has reiterated its stance and plans to offer 100 MB data to users in rural and remote areas for free. In its response to the Department of Telecommunications’
The Recommendations were published on November 27, 2017. The previous guidelines issued by the Department of Telecommunications state that no internet access service provider shall resort to any form of discrimination, restriction or interference in the treatment of content, including
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