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
On 18 August 2017, the TRAI released the above amendment, pursuant to a public consultation on Quality of Service (“QoS”) conducted in August 2016, regarding the issues being faced by all stakeholders in the Cellular Mobile Telephone Service. In response
On 16 August 2017, the Telecom Regulatory Authority of India (“TRAI”) released the above draft amendment regulations, seeking the comments of stakeholders. This was done as part of the process of making mobile number portability easier and more consumer-friendly. The
On 9 August 2017, the Telecom Regulatory Authority of India (“TRAI”) released a Consultation Paper. The TRAI realised that while the rapid evolution of telecommunication services in India had resulted in better connectivity and the emergence of new business models,
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