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15 Mar 2019

(1) Relaxation to transfer securities from Non-Residents to their relatives- PAN card not required. (2) Format for annual secretarial audit report -listed entities and their material subsidiaries. (3) Criteria for determining quantum of penalty- Chapter VIA of SEBI Act, 1992.

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22 Feb 2019

After the KYC drive of Directors, the Ministry of Corporate Affairs (“MCA”) has come out with a notification dated 21st February 2019 (“Notification”) to collect KYC details of Companies.This is a major step wherein the MCA21 system would not register the Companies in case they are non-compliant with certain parameters.

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04 Feb 2019

The Central Government issued a notification dated 30th January, 2019 giving effect to Section 465 of the Companies Act, 2013, thereby repealing the provisions of the Companies Act, 1956 with effect from the date of the aforesaid notification. This essentially means that as on 30th January, 2019, the provisions of the Companies Act, 1956 are no longer in force barring the provisions which relate to Producer Companies and Registration of Companies (Sikkim) Act, 1961.

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01 Feb 2019

Union Minister of Finance, Government of India, Hon’ble Mr. Piyush Goel has announced the Union Budget 2019. Key takeaways of the changes introduced in Tax Budget are herein addressed for reference.

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19 Jan 2019

SEBI in its earlier circulars had issued guidelines pertaining to issue and allotment of units by a Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) In order, to ease the process of public issue of their units, the markets regulator vide two circulars amended the guidelines for REITs and Infrastructure Investment Trusts InvITs.

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03 Jan 2019

The Ministry of Electronics & Information Technology of the Government of India has, on December 24, 2018, issued draft of The Information Technology (Intermediaries Guidelines (Amendment)) Rules 2018, for public consultation. Intermediary means a person who on behalf of another receives, stores or transmits electronic records like internet service providers, search engines, online marketplaces, social media, network service providers, etc.

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03 Jan 2019

SEBI had earlier allowed the promoters and large investors to offer shares through Offer for Sale Mechanism, if their shares were of the top 200 companies by Market Capitalisation. Presently, vide above circular the SEBI has opened OFS Mechanism for companies with Market Capitalisation of Rs.1000 crores and above.

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28 Dec 2018

In the recent weeks it is observed by the Hon’ble Supreme Court of India that the “operational creditors” should also be given right to be part of Committee of Creditors(the“CoC”) of the Corporate Debtor undergoing Insolvency Resolution Process under The Insolvency and Bankruptcy Code, 2016 (the “IBC”).

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12 Dec 2018

One of the serious concerns for listed Companies is to meet with the regulatory mandates in an ever-changing regulatory environment. Many-a-times regulatory changes will have drastic impact on the business itself. The recent mandate introduced by SEBI directing Large Listed Entities (please see definition below) to mandatorily raise 25% through issuance of Debt Securities vide Circular bearing no. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 needs an examination in this background.

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07 Dec 2018

The Food Safety and Standards Authority of India (FSSAI) under the Ministry of Health and Family Welfare, Government of India, has notified Food Safety and Standards (Advertising and Claims) Regulations 2018. This regulation is intended to establish fairness in advertisements and claims of food products and making food businesses accountable.

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