MCA has changed the process of incorporating LLP. Following are the features of the revised process: Form RUN-LLP (Replacing Form 1) introduced for...
Limited Liability Partnership (Second Amendment) Rules, 2018
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Updates
Clarification related to mandatory dematerialization for transfer of securities
Clarification issued in continuation to the Exchange circular dated July 5, 2018 regarding the actions to be taken by listed companies to implement...
Clarification regarding inclusion of a non-member financial creditor in list of dissenting or abstaining financial creditor
The Insolvency Code read with regulations provide for the manner of collection and verification of claims. It provides: • A financial creditor is...
Amendment in Schedule V & Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014
Certain provisions of Schedule V has been amended: No person shall be appointed as MD/ WTD/ manager, if made offence under the Insolvency and...
Another Commencement Notification of Companies (Amendment) Act, 2017
A person aged 70 years or more can be appointed as MD, WTD or manager without passing the special resolution. No Approval of CG under section 197 in...
New Regulations notified by SEBI
SEBI (Buy-Back of Securities) Regulations, 2018 issued on September 11, 2018 applicable to buy -back of shares or other specified securities of...
Dematerialization mandated for Unlisted Public Companies (UPC)
Issue of securities in dematerialized form has been made mandatory for every UPC and UPC is also required to facilitate dematerialization of all its...
Due date of BEN-1 declaration revised
Form BEN-1, introduced vide notification dated June 13, 2018, would be revised shortly. Further, the due date of filing BEN-1 declaration which was...
Clarification on disclosures under IRDAI (lnsurance Brokers) Regulations, 2018
All Principal Officers of Insurance Brokers are advised vide circular dated September 10, 2018 to furnish details of offences in cases prescribed in...
Relaxation for Form BEN-2
The time limit for filing Form BEN-2 has been revised to 30 days from the date of deployment of BEN-2 e-form on the MCA-21 portal and no additional...