The advent of the Social Stock Exchange (SSE) in India The manoeuvre towards setting up an SSE began in July 2019, when India’s Finance Minister proposed the same as a way to elevate capital, through debt, equity or mutual funds, for enterprises working to advance social welfare. The establishment of SSE is under the jurisdiction of the
Bombay Stock Exchange (‘BSE’) and National Stock Exchange (‘NSE’) mandates use of Digital Signature for filings on stock exchanges Best Practices on Investor / Analyst Call – Guidance by BSE & NSE SEBI mulls for system-driven trading window closure Pending QIP Issue, its pricing and probable impact on the share capital of the company is
This issue of MMJC covers the following: Company book-keeping Rules in electronic mode tightened by MCA New version of form DPT-3 becomes more demanding! Govt amends rules for physical verification of Cos’ registered office addresses Amendment in Charge related forms and Directors’ KYC-related forms as MCA filings go web based!! Admission of Application by NCLT
This issue of MMJC insights dated 9 August 2022 covers the following: Stock exchanges advise to reconcile investor complaints thoroughly Confirmation about website compliance to be given to NSE NSE prescribes new documents to be filed on its new digital platform XBRL was introduced for filing BRSR reports with stock exchanges Composition of Audit Committee,
This issue of MMJC insights dated 11 July 2022 covers the following: SEBI makes shareholding pattern disclosure more elaborate Stock Exchanges’ advisory for streamlining websites of Listed Entities Amendments issued by the Insolvency and Bankruptcy Board of India For detailed insights click here
This issue of MMJC insights dated 1 July, 2022 covers the following: Security clearance to be given at various stages of becoming director!! Independent director missed to clear the test – MCA gives another chance!! CSR-2 to continue as a separate web form for FY 2021-22 also!! Can CIRP be initiated on the basis of
Introduction: Ministry of Corporate Affairs (MCA) has amended Companies (Incorporation) Rules, 2014, wherein Form INC-9 i.e. Declaration to be given by Subscribers and First Directors at the time of incorporation and Form INC-32 (SPICe+) to be filed for incorporation has got modified to enforce the amendment made in FEMA (Non-Debt Instruments) Rules, 2019 in April
This issue of MMJC insights dated 20 May 2022 covers the following: Enforcing FEMA compliance before acquisition of Securities Corporate Insolvency Resolution Process (CIRP) can be resumed on failure to comply with terms of the Settlement Agreement? Entities having listed non-convertible debt need to maintain ‘security cover’ or ‘asset cover’ on a continuous basis? BSE
Ministry of Corporate Affairs, on 13th April 2022, has published the ‘Company Law Committee (CLC) Report 2022’ for public comments. Vide this report, a lot of recommendations are being proposed for amendment to the Companies Act, 2013 (the Act). These recommendations can be broadly basketed into those relating to ease of doing business, restoration of