The October edition of the Chamber of Tax publication covers the following: ROC Adjudication Order – In the matter of SolarGridx Ventures Private Limited – Registrar of Companies, Delhi and Haryana – dated 22 September 2023. SEBI Adjudication Order – In the matter of Rupa and Company Limited – in which SEBI questions ‘going concern
“MCA’s Commitment to Business-Friendly Regulations: Rule Amendments and NSWS” Introduction: The honorable finance minister of India has been time and again emphasizing on the efforts taken by the Ministry of Corporate Affairs (MCA) towards the ease of doing business. The MCA has simplified thousands of compliances and has also de-criminalized several of them. In its
INTRODUCTION When it comes to getting approvals for Merger/ Demerger / Capital reduction (hereinafter “Restructuring”) from National Company Law tribunal (NCLT), things are now getting complex from the perspective of compliances under the Companies Act, 2013 and rules made thereunder. During clearances from Regional Director and Official liquidator (Herein after “Regulator”) in case of
Regulation 50B of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 (‘NCS Regulations’) read with Chapter XII of the NCS Master Circular dt: July 7, 2023 [‘NCS Master Circular’] on ‘Fundraising by issuance of debt securities by large corporates’ (‘LC Chapter’), inter-alia, mandates LCs to raise a minimum 25% of their incremental borrowings in
The MMJC insights dated 15 October 2023 cover news updates/amendments for the month of October and the following articles: Ensuring Official Acknowledgement for Registered Office Address Compliance. From CSR (Corporate Social Responsibility) to BSR (Beneficiary Social Responsibility): Beneficiaries – the driving force behind the success of CSR SEBI Circular on Board Nomination Rights to unitholders