MCA Updates Companies (Appointment and Qualification of Directors) Third Amendment Rules,2020
Rule No The Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2020 The Companies
SEBI Updates Operational framework for transactions in defaulted debt securities post maturity date/ redemption date under provisions of SEBI (Issue and Listing of Debt Securities) Regulations, 2008
1. Representations have been received from market participants and investors to allow transactions in debt
SEBI Updates Temporary relaxation in processing of documents pertaining to FPIs due to COVID-19
SEBI vide Circular dated March 30, 2020 had prescribed temporary relaxation in processing of documents
MCA Updates PERIOD/DAYS OF EXTENSION FOR NAMES RESERVED AND RESUBMISSION OF FORMS
Sl. No Issue description Period/Days of extension 1 Names reserved for 20 days for new
MCA Updates Clarification with regard to creation of deposit repayment reserve of 20% u/s. 73 (2) (C ) of the companies Act 2013 and to invest or deposit 15% of amount of debentures u/r.18 of Companies (Share capital and Debentures) Rules 2014 – COVID-19 -Extension of time-regarding’
Requirement under section 73(2)(c) of CA-13 to create the deposit repayment reserve of 20% of
SEBI Updates Relaxation in timelines for compliance with regulatory requirements
It has been decided to further extend the timelines for compliance with the regulatory requirements
MCA Updates Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013.
(i) The scheme shall come into effect from the date of issue of circular. (17th
MCA Updates Clarification on passing of ordinary and special resolutions by companies under the Companies act 2013 read with rules made thereunder on account of Covid-19 – Extension of time
It has been decided to allow companies to conduct their EGM through VC (video conferencing)
SEBI Updates : Investment by the sponsor or asset management company in the scheme
1. In terms of Regulation 28 (4) of SEBI (Mutual Funds) (Amendment) Regulations, 2020, the
SEBI Updates Clarifications with respect to Circular dated February 05, 2020 on ‘Disclosure Standards for Alternative Investment Funds (AIFs)’
1. SEBI has issued a Circular dated February 05, 2020 on ‘Disclosure Standards for Alternative