{"id":1157,"date":"2022-10-07T10:39:13","date_gmt":"2022-10-07T10:39:13","guid":{"rendered":"http:\/\/www.rnm.in\/blog\/?p=1157"},"modified":"2025-01-30T10:55:42","modified_gmt":"2025-01-30T10:55:42","slug":"corporate-and-legal-alert-september-2022","status":"publish","type":"post","link":"https:\/\/www.rnm.in\/blog\/corporate-and-legal-alert-september-2022\/","title":{"rendered":"Corporate and Legal Alert-September 2022"},"content":{"rendered":"\n

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.<\/p>\n\n\n\n

AMENDMENTS ISSUED BY MCA<\/strong><\/p>\n\n\n\n

Amendment to Schedule III to the Companies Act, 2013 vide  Notification GSR. 207(E) <\/strong><\/p>\n\n\n\n

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 treated as incorrect certification by the Professionals.<\/p>\n\n\n\n

To read more- https:\/\/www.mca.gov.in\/content\/mca\/global\/en\/home.html<\/a><\/p>\n\n\n\n

MCA extends due date for DIR3 KYC AND KYC WEB<\/strong><\/p>\n\n\n\n

Representations has been received in the ministry and matter vhas been examined and it is decided to allow filing of DIR3 KYC AND KYC WEB upto 15th<\/sup> October without payment of Additional Fees.  To read more –https:\/\/www.mca.gov.in\/bin\/dms\/getdocument?mds=7QUIB%252FsKoFbd2uXZjD3YXg%253D%253D&type=open<\/a><\/p>\n\n\n\n

MCA amends Companies (Corporate Social Responsibility Policy) Rules, 2014<\/strong><\/p>\n\n\n\n

Mca amends rule 3,4,8 of Companies (Corporate Social Responsibility Policy) Rules, 2014 providing for the words \u201cfive percent\u201d, the words \u201ctwo per cent.\u201d shall be substituted; (ii) for the words \u201cwhichever is less\u201d, the words \u201cwhichever is higher\u201d shall be substituted and and rule 4(1) has been substituted.<\/p>\n\n\n\n

To read more- https:\/\/www.mca.gov.in\/bin\/dms\/getdocument?mds=mJSgtVf5sUlxl4nsS4QvyQ%253D%253D&type=open<\/a><\/p>\n\n\n\n

AMENDMENTS ISSUED BY RBI <\/strong><\/p>\n\n\n\n

New Overseas Direct Investment Rules, Regulation and Master Direction <\/strong><\/p>\n\n\n\n

The OI Rules, the OI Regulations and the OI Directions (hereinafter collectively referred to as New OI Norms<\/strong>) have been issued, keeping in the spirit of liberalization and to promote ease of doing business. These new OI Norms have been notified in supersession of the Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004 and the Foreign Exchange Management (Acquisition and Transfer of Immovable Property Outside India) Regulations, 2015 (Old OI Norms<\/strong>).<\/p>\n\n\n\n

To read more- https:\/\/www.rbi.org.in\/scripts\/NotificationUser.aspx?Id=12380&Mode=0<\/a> 

<\/p>\n\n\n\n

Reserve Bank of India Guidelines on Digital Lending <\/strong><\/p>\n\n\n\n

Guidelines has been issued by Reserve Bank for Digital Lending by Commercial Banks, Primary (Urban) Co-operative Banks, State Co-operative Banks, District Central Co-operative Banks and NBFC(including Housing Finance Companies). As per the guidelines, the Regulated Entities (RE) shall ensure that all loan servicing, repayment, etc., shall be executed by the borrower directly in the RE\u2019s bank account without any pass-through account\/ pool account of any third party.<\/p>\n\n\n\n

To read more-https:\/\/rbidocs.rbi.org.in\/rdocs\/notification\/PDFs\/GUIDELINESDIGITALLENDINGD5C35A71D8124A0E92AEB940A7D25BB3.PDF<\/p>\n\n\n\n

AMENDMENTS ISSUED BY SEBI <\/strong><\/p>\n\n\n\n

SEBI Notification under Securities Contract Regulation Act 1956<\/strong><\/p>\n\n\n\n

\u201cElectronic Gold Receipt\u201d means an electronic receipt issued on the basis of deposit of underlying physical  gold  in accordance  with  the  regulations  made  by  the  Securities  and  Exchange  Board  of India under section 31 of the said Act.<\/p>\n\n\n\n

To read more- https:\/\/www.sebi.gov.in\/legal\/gazette-notification\/dec-2021\/notification-under-the-securities-contracts-regulation-act-1956_55157.html<\/a><\/strong><\/p>\n\n\n\n

SEBI issued <\/strong>Notification under Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007<\/strong><\/strong><\/p>\n\n\n\n

SEBI has now strengthened the Guidelines for Debenture Trustees (DTs<\/strong>) with respect to listed securities. In furtherance of the decision to strengthen the role of DTs taken by SEBI at its meeting held on September 29, 2020, SEBI has enacted the (i) Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 2020; (ii) Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2020; and (iii) Securities and Exchange Board of India (Issue and Listing of Debt Securities) (Amendment) Regulations, 2020.<\/p>\n\n\n\n

To read more- https:\/\/www.sebi.gov.in\/legal\/gazette-notification\/sep-2021\/notification-under-securities-and-exchange-board-of-india-certification-of-associated-persons-in-the-securities-markets-regulations-2007-nism-series-xxi-a-portfolio-management-services-pms-dist-_52516.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":3,"featured_media":1152,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[26],"tags":[],"class_list":["post-1157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-legal"],"yoast_head":"\nCorporate and Legal Alert: September 2022 - Rnm India<\/title>\n<meta name=\"description\" content=\"Stay up-to-date on the latest corporate and legal news and insights with our September 2022 alert. 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