{"id":1125,"date":"2022-08-05T09:48:11","date_gmt":"2022-08-05T09:48:11","guid":{"rendered":"http:\/\/www.rnm.in\/blog\/?p=1125"},"modified":"2025-01-30T10:55:42","modified_gmt":"2025-01-30T10:55:42","slug":"corporate-and-legal-alert-july-2022","status":"publish","type":"post","link":"https:\/\/www.rnm.in\/blog\/corporate-and-legal-alert-july-2022\/","title":{"rendered":"Corporate and Legal Alert-July 2022"},"content":{"rendered":"\n<p>In this edition we have tried to bring you notice the latest amendment that followed in the month of July, 2022 issued by MCA, RBI, SEBI, DIPP and others.<\/p>\n\n\n\n<p><strong>AMENDMENTS ISSUED BY MCA&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>MCA notification for V3 portal w e f 31<sup>st<\/sup>&nbsp;August 2022<\/strong><strong><\/strong><\/p>\n\n\n\n<p>Following forms will be rolled out in this phase: DIR3-KYC Web, DIR3-KYC E-form, DPT-3, DPT-4, CHG-1, CHG-4, CHG-6, CHG-8 &amp; CHG-9.<\/p>\n\n\n\n<p>&nbsp;To read more \u2013<a href=\"https:\/\/www.mca.gov.in\/content\/mca\/global\/en\/home.html\">https:\/\/www.mca.gov.in\/content\/mca\/global\/en\/home.html<\/a><\/p>\n\n\n\n<p><strong>MCA CLARIFICATION FOR \u201cHAR GHAR TIRANGA\u201d (CSR FUNDS SPENDING)<\/strong><\/p>\n\n\n\n<p>&nbsp;It is clarified that spending of CSR funds for the activities related to this campaign, such as mass scale production and supply of the National Flag, outreach and amplification efforts and other related activities, are eligible CSR activities.<strong><\/strong><\/p>\n\n\n\n<p>To read more &#8211;&nbsp;<a href=\"https:\/\/www.mca.gov.in\/bin\/dms\/getdocument?mds=dXH1ziMu%252FmN%252BBSRLHN9evw%253D%253D&amp;type=open\">https:\/\/www.mca.gov.in\/bin\/dms\/getdocument?mds=dXH1ziMu%252FmN%252BBSRLHN9evw%253D%253D&amp;type=open<\/a><\/p>\n\n\n\n<p><strong>CBDT NOTIFICATION FOR&nbsp;&nbsp;PAN APPLICATION &amp; ALLOTMENT (FILLIP-MCA)&nbsp;<\/strong>An applicant may apply for allotment of a pan through a common application&nbsp;form (CAF), CAF&nbsp;in the form of (Form)&nbsp;FiLLiP has&nbsp;been&nbsp;notified by&nbsp;MCA.&nbsp;<\/p>\n\n\n\n<p>To read more&nbsp;<a href=\"https:\/\/www.mca.gov.in\/bin\/dms\/getdocument?mds=kvBTyn49lNlMUOv%252B38VTDg%253D%253D&amp;type=open\">https:\/\/www.mca.gov.in\/bin\/dms\/getdocument?mds=kvBTyn49lNlMUOv%252B38VTDg%253D%253D&amp;type=open<\/a><strong><\/strong><\/p>\n\n\n\n<p><strong>AMENDMENTS ISSUED BY SEBI<\/strong><strong>&nbsp;<\/strong><strong>&nbsp;<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.sebi.gov.in\/legal\/circulars\/jul-2022\/settlement-of-running-account-of-client-s-funds-lying-with-trading-member-tm-_61222.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>SEBI<\/strong><\/a><a href=\"https:\/\/www.sebi.gov.in\/legal\/circulars\/jul-2022\/settlement-of-running-account-of-client-s-funds-lying-with-trading-member-tm-_61222.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>-NEW GUIDELINES-SETTLEMENT OF RUNNING&nbsp;ACCOUNTS&nbsp;<\/strong><\/a><\/p>\n\n\n\n<p>Under the new guidelines,&nbsp;SEBI&nbsp;decided that the settlement of running account of funds of the client shall be done by the TM after considering the End of the day (EOD) obligation of funds as on the date of settlement across all the Exchanges on the first Friday of the Quarter (i.e., Apr-Jun, Jul-Sep, Oct-Dec, Jan\u2013Mar) for all the clients..&nbsp;<\/p>\n\n\n\n<p>To read more-&nbsp;<a href=\"https:\/\/www.mca.gov.in\/bin\/dms\/getdocument?mds=kvBTyn49lNlMUOv%252B38VTDg%253D%253D&amp;type=open\">https:\/\/www.mca.gov.in\/bin\/dms\/getdocument?mds=kvBTyn49lNlMUOv%252B38VTDg%253D%253D&amp;type=open<\/a><\/p>\n\n\n\n<p><strong>SEBI HAS PROPOSED A FRAMEWORK FOR THE ONLINE BOND PLATFORMS<\/strong><strong><\/strong><\/p>\n\n\n\n<p>Under&nbsp;the proposal, bond platforms should register as stock brokers (debt segment) with the&nbsp;SEBI&nbsp;or be run by&nbsp;SEBI-registered brokers, according to a consultation paper.&nbsp;.&nbsp;To read more-&nbsp;<a href=\"https:\/\/www.sebi.gov.in\/reports-and-statistics\/reports\/jul-2022\/consultation-paper-on-online-bond-trading-platforms-proposed-regulatory-framework_61087.html\">https:\/\/www.sebi.gov.in\/reports-and-statistics\/reports\/jul-2022\/consultation-paper-on-online-bond-trading-platforms-proposed-regulatory-framework_61087.html<\/a><strong><\/strong><\/p>\n\n\n\n<p><strong>AMENDMENTS ISSUED BY NSE\/BSE<\/strong><\/p>\n\n\n\n<p><strong>STOCK EXCHANGES HAVE ISSUED A CIRCULAR W.R.T MAINTENANCE OF&nbsp;A FUNCTIONAL WEBSITE REGULATION 46 &amp; 62 OF SEBI (LODR).<\/strong><strong><\/strong><\/p>\n\n\n\n<p>All the listed entities are requested to disseminate certain requirements mentioned in sub-regulation 2(46) and 62(1) of Listing Regulation for equity and debt listed entities, respectively, under a separate section on its website.&nbsp;<\/p>\n\n\n\n<p>To read more-&nbsp;https:\/\/static.nseindia.com\/\/s3fs-public\/inlinefiles\/NSE_CIRCULAR_04072022.pdf<\/p>\n\n\n\n<p><strong>&nbsp;<\/strong><strong>NSE HAS NOTIFIED A NEW MODULE&nbsp;FOR FILING OF INFORMATION REQUIRED UNDER REGULATION 46 AND 62 OF SEBI (LODR) REGULATIONS, 2015 ON NEAPS<\/strong><strong>.<\/strong><strong><\/strong><\/p>\n\n\n\n<p>&nbsp;NSE has&nbsp;directed the listed to furnish information required under Reg 46 &amp; 62 of LODR . As per Reg 46 and Regulation 62 of SEBI LODR, 2015, the listed entities are required to maintain a functional website containing basic information about the Company.&nbsp;<\/p>\n\n\n\n<p>To read more-&nbsp;https:\/\/static.nseindia.com\/\/s3fs-public\/inline-files\/NSE_Circular_11072022.pdf&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>&nbsp;<strong>AMENDMENTS ISSUED BY RBI&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>RBI HAS ISSUED A NOTIFICATION TO RELAX PROVISIONS FOR OVERSEAS&nbsp;INVESTMENTS IN THE DEBT MARKET AND FOREIGN CURRENCY LENDING BY BANKS,<\/strong><strong><\/strong><\/p>\n\n\n\n<p>Accordingly, Banks can utilise the funds raised from overseas foreign currency borrowing between July 8 and October 31, 2022 for lending in foreign currency to constituents in India.<strong><\/strong><\/p>\n\n\n\n<p>To read more-&nbsp;<a href=\"https:\/\/www.rbi.org.in\/Scripts\/NotificationUser.aspx?Id=12355&amp;Mode=0\">https:\/\/www.rbi.org.in\/Scripts\/NotificationUser.aspx?Id=12355&amp;Mode=0<\/a><strong><\/strong><\/p>\n\n\n\n<p><strong>RBI RELEASE-MASTER DIRECTION ON NBFCs<\/strong><\/p>\n\n\n\n<p>&nbsp;The master direction is revised for the purpose of enabling the Bank to regulate the financial system to the advantage of the country and to prevent the affairs of any NBFC-ND-SI and NBFC-D from being conducted in a manner detrimental to the interest of investors and depositors or in any manner prejudicial to the interest of such NBFCs.&nbsp;<\/p>\n\n\n\n<p>To read more-&nbsp;<a href=\"https:\/\/www.rbi.org.in\/Scripts\/BS_ViewMasDirections.aspx?id=10585\"><strong>https:\/\/www.rbi.org.in\/Scripts\/BS_ViewMasDirections.aspx?id=10585<\/strong><\/a><strong><\/strong><\/p>\n\n\n\n<p><strong>AMENDMENTS ISSUED BY IBBI<\/strong><\/p>\n\n\n\n<p><strong>IBBI (IPA)(AMENDMENT) REGULATIONS, 2022 TO FURTHER AMEND THE IBBI (IPA) REGULATIONS, 2016<\/strong><\/p>\n\n\n\n<p>Through the amendment, Regulation 8 which deals with \u201cDisciplinary proceedings \u201chas been substituted to provide that the Disciplinary Proceedings shall be conducted as per code read with rules and regulations.<\/p>\n\n\n\n<p>To read more-&nbsp;<a href=\"https:\/\/ibbi.gov.in\/uploads\/legalframwork\/7ed6c5fe677e5114ec5d1e0ccf5d2704.pdf\">https:\/\/ibbi.gov.in\/uploads\/legalframwork\/7ed6c5fe677e5114ec5d1e0ccf5d2704.pdf<\/a><strong><\/strong><\/p>\n\n\n\n<p><strong>IBBI HAS PUBLISHED IBBI (IP) (AMENDMENT) REGULATIONS, 2022&nbsp;<\/strong><strong><\/strong><\/p>\n\n\n\n<p>&nbsp;Through the amendment, An IP is now duty-bound to disclose his relationship&nbsp;with the Corporate Debtor (CD), other professionals engaged by him, financial creditors, interim finance providers, and prospective resolution applicants to the insolvency professional agency of which he is a member, within three days of the relationship being established as detailed in the regulation.&nbsp;<\/p>\n\n\n\n<p>To read more&nbsp;<strong>&#8211;<\/strong>&nbsp;<a href=\"https:\/\/ibbi.gov.in\/uploads\/legalframwork\/11dcaa983423cb22743089cf13aec4d6.pdf\">https:\/\/ibbi.gov.in\/uploads\/legalframwork\/11dcaa983423cb22743089cf13aec4d6.pdf<\/a><strong><\/strong><strong><\/strong><\/p>\n\n\n\n<p><strong>Miscellaneous&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>RULE 43A NOTIFIED UNDER SEZ&nbsp;<\/strong><\/p>\n\n\n\n<p>New Rule 43A which deals with work from home has been notified to provide that a Unit may permit its employees, including contractual employees, to work from home or from any place outside the Special Economic Zone in accordance with this rule.&nbsp;<\/p>\n\n\n\n<p>To read more-&nbsp;https:\/\/egazette.nic.in\/WriteReadData\/2022\/237284.pdf<\/p>\n\n\n\n<p><strong>PUNJAB GOVT<\/strong><strong>&nbsp;<\/strong><strong>AMENDED WORKING HOURS&nbsp;<\/strong><strong><\/strong><\/p>\n\n\n\n<p>Every employee working in the establishment shall be given one day holiday in a week without making any deductions from his\/her wages on account thereof and list of the time table of such holidays for a month shall be placed on the notice board in advance.&nbsp;<strong><\/strong><\/p>\n\n\n\n<p>To read more-&nbsp;https:\/\/pblabour.gov.in\/Content\/documents\/shop_guidelines.pdf<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this edition we have tried to bring you notice the latest amendment that followed in the month of July, 2022 issued by MCA, RBI, SEBI, DIPP and others. AMENDMENTS ISSUED BY MCA&nbsp; MCA notification for V3 portal w e f 31st&nbsp;August 2022 Following forms will be rolled out in this phase: DIR3-KYC Web, DIR3-KYC E-form, DPT-3, DPT-4, CHG-1, CHG-4, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1121,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[26],"tags":[],"class_list":["post-1125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-legal"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Corporate and Legal Alert-July 2022 - RNM India Blogs<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rnm.in\/blog\/corporate-and-legal-alert-july-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corporate and Legal Alert-July 2022 - RNM India Blogs\" \/>\n<meta property=\"og:description\" content=\"In this edition we have tried to bring you notice the latest amendment that followed in the month of July, 2022 issued by MCA, RBI, SEBI, DIPP and others. 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