Living with the times

A lawyer who is not up to date with the current legal and regulatory updates is nothing short of dangerous. Therefore, at NovoJuris Legal, we strive to stay current. We are also strong believers of growth of knowledge through sharing. These articles and blogs help us share our research with the world, so that no one has to reinvent the wheel yet again.

  • REGULATORY UPDATE: MINISTRY OF CORPORATE AFFAIRS-CLARIFICATION REGARDING APPROVAL OF RESOLUTION PLANS UNDER SECTION 30 AND 31 OF INSOLVENCY AND BANKRUPTCY CODE, 2016

    REGULATORY UPDATE: MINISTRY OF CORPORATE AFFAIRS-CLARIFICATION REGARDING APPROVAL OF RESOLUTION PLANS UNDER SECTION 30 AND 31 OF INSOLVENCY AND BANKRUPTCY CODE, 2016

    The MCA vide its notification dated 25 October 2017 has clarified that approval of shareholders of the company for a

  • REGULATORY UPDATE: INSOLVENCY AND BANKRUPTCY BOARD - NOTIFICATION OF THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ORDINANCE 2017.

    REGULATORY UPDATE: INSOLVENCY AND BANKRUPTCY BOARD - NOTIFICATION OF THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ORDINANCE 2017.

    The President of India on 23 November 2017 gave his assent to an amendment in the Insolvency and Bankruptcy Code

  • REGULATORY UPDATE: INSOLVENCY AND BANKRUPTCY BOARD - NOTIFICATION OF IBBI (INFORMATION UTILITIES) (AMENDMENT) REGULATIONS, 2017

    REGULATORY UPDATE: INSOLVENCY AND BANKRUPTCY BOARD - NOTIFICATION OF IBBI (INFORMATION UTILITIES) (AMENDMENT) REGULATIONS, 2017

    The IBBI has notified IBBI (Information Utilities) (Amendment) Regulations, 2017 amending the shareholding limit of the Information Utility which is

  • REGULATORY UPDATE: INSOLVENCY AND BANKRUPTCY BOARD - NOTIFICATION OF THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (FAST TRACK INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS)

    REGULATORY UPDATE: INSOLVENCY AND BANKRUPTCY BOARD - NOTIFICATION OF THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (FAST TRACK INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS)

    The Insolvency and Bankruptcy Board of India amended (i) the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution

  • REGULATORY UPDATE: RESERVE BANK OF INDIA - INVESTMENT BY FOREIGN PORTFOLIO INVESTORS (FPI) IN GOVERNMENT SECURITIES MEDIUM TERM FRAMEWORK

    REGULATORY UPDATE: RESERVE BANK OF INDIA - INVESTMENT BY FOREIGN PORTFOLIO INVESTORS (FPI) IN GOVERNMENT SECURITIES MEDIUM TERM FRAMEWORK

    The RBI vide its notification dated 28 September 2017, has increased the limits for investment by FPIs for the quarter

  • REGULATORY UPDATE: RESERVE BANK OF INDIA - NOTIFICATION OF FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) REGULATIONS, 2017

    REGULATORY UPDATE: RESERVE BANK OF INDIA - NOTIFICATION OF FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) REGULATIONS, 2017

    The Reserve Bank of India (RBI), vide Notification No. FEMA 20(R)/ 2017-RB, dated 7 November 2017 issued the Foreign Exchange

  • REGULATORY UPDATES: PEER TO PEER (NBFC-P2P) LENDING PLATFORM (RESERVE BANK) DIRECTIONS, 2017

    REGULATORY UPDATES: PEER TO PEER (NBFC-P2P) LENDING PLATFORM (RESERVE BANK) DIRECTIONS, 2017

    On 24 August 2017, the RBI had issued a notification that the Company into “business of a peer to peer

  • REGULATORY UPDATE: MINISTRY OF CORPORATE AFFAIRS - DISQUALIFICATION OF A DIRECTOR.

    REGULATORY UPDATE: MINISTRY OF CORPORATE AFFAIRS - DISQUALIFICATION OF A DIRECTOR.

    The Ministry of Corporate Affairs has notified a list of Directors who have been disqualified to act as directors pursuant

  • REGULATORY UPDATE: MINISTRY OF CORPORATE AFFAIRS - NOTIFICATION OF THE COMPANIES (ACCEPTANCE OF DEPOSITS) SECOND AMENDMENT RULES, 2017.

    REGULATORY UPDATE: MINISTRY OF CORPORATE AFFAIRS - NOTIFICATION OF THE COMPANIES (ACCEPTANCE OF DEPOSITS) SECOND AMENDMENT RULES, 2017.

    The MCA vide its notification dated 19 September 2017 has notified the Companies (Acceptance of Deposits) Second Amendment Rules, 2017

  • REGULATORY UPDATE: MINISTRY OF CORPORATE AFFAIRS - NOTIFICATION OF THE COMPANIES (RESTRICTION ON NUMBER OF LAYERS) RULES, 2017.

    REGULATORY UPDATE: MINISTRY OF CORPORATE AFFAIRS - NOTIFICATION OF THE COMPANIES (RESTRICTION ON NUMBER OF LAYERS) RULES, 2017.

    In view of reports of misuse of multiple layers of companies, where companies create shell companies for diversion of funds

  • REGULATORY UPDATE: MCA ISSUED NOTICE INVITING COMMENTS/SUGGESTIONS ON INTEGRATION OF NAME RESERVATION WITH SPICE E-FORM UNDER COMPANIES ACT, 2013

    REGULATORY UPDATE: MCA ISSUED NOTICE INVITING COMMENTS/SUGGESTIONS ON INTEGRATION OF NAME RESERVATION WITH SPICE E-FORM UNDER COMPANIES ACT, 2013

    The MCA in view of simplifying the process of name reservation for the Companies, it has issued the Consultation Paper

  • ARRESTS IN CONNECTION WITH INVESTIGATION BY SERIOUS FRAUD INVESTIGATION OFFICE

    ARRESTS IN CONNECTION WITH INVESTIGATION BY SERIOUS FRAUD INVESTIGATION OFFICE

    NOTIFICATION OF THE COMPANIES (ARRESTS IN CONNECTION WITH INVESTIGATION BY SERIOUS FRAUD INVESTIGATION OFFICE) RULES, 2017. The MCA vide its

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