At a time when many listed entities are facing challenges to comply with the various provisions specified in Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (‘SEBI LODR’ or ‘LODR’) due to COVID-19 Pandemic, the Securities and Exchange Board of India (‘SEBI’) has provided additional relaxation pertaining to SEBI LODR […]
The securities market regulator SEBI has recently proposed a consultation paper for stressed listed entities to solve liquidity/fundraising problems as they are facing problems due to COVID-19 pandemic, hence in view of this SEBI proposed some certain relaxations which are Briefed below write-up. INTRODUCTION: In respect of these situations prevailing in existing market, Securities and […]
A learning system based on formalized teaching but with the help of electronic resources is known as e-learning. Digital content and e-learning can bring entire teaching modules to the doorstep through smart devices, making it possible for students to continue working towards completing their education albeit they get down the trail of traditional learning. e-learning […]
The force majeure is the term which initially derives from French civil law and is frequently used in various commercial contracts governed by such common law systems across the world because of the limited remedies otherwise available to the parties when the contract becomes impossible, difficult or onerous to perform due to events outside the affected party’s control.
Introduction & Brief Background: In line with its circular dated March 24, 2020, the Ministry of Corporate Affairs (‘MCA’) has introduced Companies Fresh Start Scheme,2020 (‘CFSS Scheme’) vide circular no. 12/2020 and 13/2020 dated March 30, 2020 under Section 460 of the Companies Act, 2013 (“Act”) read with Section 403. Important Definitions under the Scheme: […]
The Ministry of Corporate Affairs (MCA) on Tuesday, February 25, 2020 notified the Companies (Auditor’s Report) Order, 2020 (CARO 2020) revamping the Companies (Auditor’s Report) Order, 2016 (CARO 2016) , making it mandatory for companies to disclose all complaints to the auditor while ushering enhanced due diligence and disclosures on the part of auditors. RATIONALE […]
Article contains brief discussion about Non-receipt of subscription money by the subscribers at inception stage of the company, time limit for issuing share certificate and bringing subscription money within time frame as per Companies Act 2013 and consequences for non-compliance.
ICSI has issued the first four Auditing Standards which are mandatorily applicable to the auditor on or after 1st April, 2020. The first three Standards will be applicable to all kinds of audit engagements and the fourth one will specifically be applicable for the Secretarial Audit under section 204 of the Companies Act, 2013.
Foreign Exchange Management (Debt) And (Non-Debt) Regulations, 2019 Read With (Non-Debt) Amendment Regulations, 2019 A STEP TOWARDS STREAMLINING THE INVESTMENT PROCESS IN INDIA To bring in line the changes as proposed in the Finance Act, the Ministry of Finance vide its Notification (S.O. 3732(E)) dated October 17, 2019 notified the Foreign Exchange Management (Non-debt Instruments) […]
MCA vide Circular No. 01/2020 dated 02nd March, 2020 has issued the following Standard Operating Procedure (SOP) to all Registrars with respect to prosecutions or internal adjudication proceedings against Independent Directors (IDs), non-promoters and non-KMP non-executive directors (NEDs). BACKGROUND: The Ministry has specifically laid emphasis that civil or criminal proceedings should not be unnecessarily initiated […]
