In this edition we have tried to bring you notice the latest amendment that followed in the month of July, 2023 issued by MCA, RBI, SEBI, IBBI and others. SEBI LAWS SEBI amends guidelines for institutional placement of units by InvITs, REITs (July 05, 2023) SEBI amended the guidelines for preferential issue and institutional placement of units by Infrastructure Investment Trusts and Real Estate Investment Trusts. The changes have been made after receiving feedback from stakeholders. To read more: https://www.sebi.gov.in/legal/circulars/jul-2023/amendments-to-guidelines-for-preferential-issue-and-institutional-placement-of-units-by-a-listed-reit_73494.html
Category: Corporate & Legal
Transaction & Regulatory Advisory Services Alert – June 2023
In this edition we have tried to bring to your notice the latest amendments that followed in the month of June, 2023 issued by MCA, RBI, SEBI, IBBI and others. SEBI LAWS Master circular on scheme of arrangement by listed entities and relaxation under sub rule (7) of rule 19 of the securities contracts (regulation) rules,1957 SEBI has notified the said master circular to enable the users to have access to the applicable circulars at one place. To read more
Charges: Registration, Satisfaction & Modification
A CHARGE is stated in Section 2(16) of the Companies Act, 2013 which expresses that a charge could be and includes a mortgage In other words, a charge, in the context of the Companies Act, refers to a legal claim or interest created by a company over its assets or properties to secure a debt or an obligation. It serves as a safeguard for lenders and investors who provide financing to the company. Charges can be classified into two broad
ACCEPTANCE OF DEPOSITS
As per the Companies Act, 2013, a deposit is any money that is received, either by means of a deposit or a loan or any other form as may be prescribed, but does not include certain classes of transactions. The provisions concerning deposits are covered under Sections 73 to 76 of the Companies Act, 2013, which are generally read with the prescribed Rules. Exclusions: Any amount, (b) as advance, accounted for in any manner whatsoever, received in connection with consideration
GENERAL DATA PROTECTION REGULATION (GDPR)
GENERAL DATA PROTECTION REGULATION (GDPR) Applicability: General Data Protection Regulations are applicable to European Union countries like, Austria Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden. Introduction: Principles relating to processing of personal data: Rights of Users: General Data Protection Regulation gives a number of rights to the users. The same are listed below: It’s important to note
Indirect Tax Alert – May 2023
GST Calendar – Compliances for the month of May’2023 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) June 10, 2023 GSTR-8 (Tax Collected at Source ‘TCS’) June 10, 2023 GSTR-1 June 11, 2023 IFF- Invoice furnishing facility (Availing QRMP) June 13, 2023 GSTR-6 Input Service Distributor June 13, 2023 GSTR-2B (Auto Generated Statement) June 14, 2023 GSTR-3B June 20, 2023 GSTR-5 (Non-Resident Taxable Person) June 20, 2023 GSTR-5A (OIDAR Service Provider) June 20, 2023 PMT-06 (who have
Transaction & Regulatory Advisory Services Alert – April 2023
In this edition, we have tried to bring to your notice the latest amendments that followed in the month of May 2023 issued by MCA, RBI, SEBI, DIPP and others. Ministry of Corporate Affairs (MCA) The Ministry of Corporate Affairs has, vide its Notification No. dated 17th April, 2023, amended or transferred the responsibility of striking off companies from Registrar of Companies to Registrar, Centre for Processing Accelerated Corporate Exit (a.k.a. Registrar, Centre for PACE) with effect from 1st May,
Corporate & Legal – March 2023
In this edition we have tried to bring to your notice the latest amendment that followed in the month of March, 2023 issued by MCA, RBI, SEBI, DIPP and others. Ministry of Corporate Affairs (MCA) The Ministry of Corporate Affairs (MCA) has notified the Companies (Indian Accounting Standards) Amendment Rules, 2023. As per the amended rules, a new para 39AG has been inserted in Ind AS 101, which states that ‘deferred tax related to assets and liabilities arising from a
Corporate & Legal Alert – October 2022
In this edition, we have tried to bring you to notice the latest amendment that followed in the month of October 2022 issued by MCA, RBI, SEBI, DIPP, and others. Amendments issued by RBI RBI launches advanced supervisory monitoring system DAKSH Reserve Bank governor Shaktikanta Das has launched a new ‘SupTech’ initiative DAKSH – the bank’s Advanced Supervisory Monitoring System, which is expected to make the supervisory processes more robust. In a statement, the Reserve Bank of India (RBI) said
Corporate and Legal Alert-September 2022
In this edition we have tried to bring you notice the latest amendment that followed in the month of September, 2022 issued by MCA, RBI, SEBI, DIPP and others. AMENDMENTS ISSUED BY MCA Amendment to Schedule III to the Companies Act, 2013 vide Notification GSR. 207(E) The notification mandates companies to round off the figures appearing in the Financial Statements depending upon their total income. However, if the companies provide absolute figures in e-forms ie. AOC-4, the same shall not be