RULES OF LAW

In exercise of the powers conferred by the sub-section (6) of section 129 of the Companies Act, 2013 (18 of 2013), the Central Government has directed in public interest, that paras 5 (ii) (a) (1), 5 (ii) (a)   (2), 5(ii) (e), 5 (iii), 5 (viii) (a), 5 (viii) (b), 5 (viii) (c) and 5 (viii) (e) relating to Additional information of the General instructions for preparation of Statement of Profit and Loss in Schedule III of the Companies Act, 2013 shall not apply to government companies producing Defence Equipment including the Space Research subject to fulfillment of following conditions, namely: Conditions: The Board of Directors of the Company has given consent with regard to non-disclosure of information relating to paras 5(ii)(a)(1), 5(ii)(a)(2), 5(ii)(e), 5(iii), 5(viii)(a), 5(viii)(b), 5(viii)(c) and 5(viii)(e), as may be applicable; The Company shall disclose in the Notes forming part of the balance sheet and profit and loss account, the fact of grant of exemption ...

SEBI has issued Circular dated September 09, 2015 on Continuous Disclosure Requirements for Listed Entities - Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 keeping in view the need of uniformity in disclosures made by listed entities to ensure compliance in letter and spirit. CIRCULAR NO. CIR/CFD/CMD/4/2015 ISSUED BY SEBI

SEBI has notified SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) on September 2, 2015. A time period of ninety days has been given for implementing the Regulations.  However, two provisions of the regulations, which are facilitating in nature, are applicable with immediate effect. These pertain to (i) passing of ordinary resolution instead of special resolution in case of all material related party transactions subject to related parties abstaining from voting on such resolutions, in line with the provisions of the companies Act, 2013, and (ii) re-classification of promoters as public shareholders under various circumstances. The main features of these regulations are as follows: Guiding Principles (Chapter II): The regulations start by providing broad principles  for periodic disclosures by listed entities and also have incorporated the principles for corporate governance. These principles underlie s...

In  continuation to General Circular No.08/2015 dated 12.06.2015,  MCA has issued General circular no 12/2015 dated 1st September,2015 to extend the last date for filing of cost audit report to central government in Form CRA-4 up to 30 th  September, 2015 without any late fee or penalty. http://www.mca.gov.in/Ministry/pdf/General_Circular_12_2015.pdf

MCA has notified Companies (Management and Administration) Amendment Rules, 2015 dated 28 th August, 2015 to amend rule 23 of Companies (Management and Administration) Rules, 2014 and Form MGT-7 (annual return). In the rule 23 sub-rule (1) of Companies (Management and Administration) Rules, 2014 the words "not more than five lakh rupees" is substituted by  the words “not less than five lakh rupees”. Now the 23 sub-rule (1) shall be read as: “A special notice required to be given to the company shall be signed, either individually or collectively by such number of members holding not less than one percent of total voting power or holding shares on which an aggregate sum of not less than five lakh rupees has been paid up on the date of the notice.” Same as it was originally stated in Companies (Management and Administration) Rules, 2014. Earlier MCA via The Companies (Management and Administration) Second Amendment Rules, 2014 dated 24 th July,2014 subtitled ...

http://economictimes.indiatimes.com/markets/stocks/policy/sebi-to-make-share-trading-cheaper-and-simpler/articleshow/48645890.cms

http://economictimes.indiatimes.com/industry/cons-products/food/maggi-case-makes-it-to-india-research-center-of-harvard-business-school/articleshow/48646008.cms