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16 Apr 2019

Modification of circular dated December 7, 2018 on ‘Disclosure of significant beneficial ownership in the shareholding pattern [Circular no. SEBI/HO/CFD/CMD1/CIR/P/2019/36, dated March 12 ,2019]. Actions against unregistered investment advisory (Way2Gains, Capital Mirror and Astro Capital Solutions) dated March 29, 2019.

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10 Apr 2019

The Reserve Bank of India (RBI) has issued/updated the Master Directions recently (March 2019) in relation to the (1)Establishment of Branch / Liaison / Project Office in case of the Defence, Telecom, Private Security and Information and Broadcasting sectors (2) External Commercial Borrowings (3) Foreign Direct Investment (FDI) in relation to E-Commerce entity under Market Place Model.

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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 This essentially means that as on 30th January, 2019, the provisions of the Companies Act, 1956 are no longer in force barring the provisions which relate to Producer Companies and Registration of Companies (Sikkim) Act, 1961.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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