The President of India on 23 November 2017 gave his assent to an amendment in the Insolvency and Bankruptcy Code 2016. The key highlights of Ordinance are as below: The Ordinance provides an amendment to the definition of “Resolution Applicant”
The IBBI has notified IBBI (Information Utilities) (Amendment) Regulations, 2017 amending the shareholding limit of the Information Utility which is registered with the IBBI to carry on the business of information utility. Prior to this notification, a person should not
The Insolvency and Bankruptcy Board of India amended (i) the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 by the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons)
The RBI vide its notification dated 28 September 2017, has increased the limits for investment by FPIs for the quarter October-December 2017 is increased by INR 80 billion in Central Government Securities and INR 62 billion in State Development Loans.
The Reserve Bank of India (RBI), vide Notification No. FEMA 20(R)/ 2017-RB, dated 7 November 2017 issued the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017 replacing the Foreign Exchange Management (Transfer
On 24 August 2017, the RBI had issued a notification that the Company into “business of a peer to peer lending platform” would be termed as Non-Banking Financial Company(NBFC) and such activity shall be carried out with the prior approval
The Ministry of Corporate Affairs has notified a list of Directors who have been disqualified to act as directors pursuant to section 164(2)(a) of the Companies Act, and the Rules made thereunder. Hence Directors are requested to note that no
The MCA vide its notification dated 19 September 2017 has notified the Companies (Acceptance of Deposits) Second Amendment Rules, 2017 further to amend the Rule 3(3) of Companies (Acceptance of Deposits) Rules, 2014 to relax terms and conditions of acceptance
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 MCA in view of simplifying the process of name reservation for the Companies, it has issued the Consultation Paper on the integration of Name reservation with SPICE e-form under the Companies Act, 2013. In this regard, it has invited
NOTIFICATION OF THE COMPANIES (ARRESTS IN CONNECTION WITH INVESTIGATION BY SERIOUS FRAUD INVESTIGATION OFFICE) RULES, 2017. The MCA vide its notification dated 24 August 2017 has notified the Companies (Arrest in connection with Investigation by Serious Fraud Investigation Office) Rules, 2017
NOTIFICATION OF THE NATIONAL COMPANY LAW APPELLATE TRIBUNAL (AMENDMENT) RULES 2017. The MCA vide its notification dated 23 August 2017 has amended Rule 63 of National Company Law Appellate Tribunal Rules 2016 notified on 21 July 2016 regarding Appearance by Authorised
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