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Knowledge Hub - MMJC - Page 15
November 14, 2023
Anomalies in Identification and Monitoring of Changes in SBO
The requirement for disclosure of Significant Beneficial Owner (SBO) is an attempt to identify that individual who has the power to control the decisions taken in any company through the nonindividual shareholders in the company. Money laundering is a menace for all growing economies and all countries aim to have world class mechanisms to combat
November 14, 2023
Intricacies of SBO in the Context of Limited
Liability Partnership
Vide two notifications one dated 11 February 2022 and dated 27 October 2023 the compliances of significant beneficial owner (SBO) and disclosures of beneficial interest (BI), respectively, has been made applicable to all Limited Liability Partnership(s) (LLP). While making SBO and BI applicable to LLP, framework applicable to companies has been taken as a base
November 5, 2023
MMJC Insights
This issue of MMJC insights majorly covers the MCA and SEBI Amendments. This issue also covers the NEWS update and Compliance Due Dates for the month of November. The contents are as follows: India moves closer to 100% Dematerialization Enhancing Transparency: MCA Mandates LLPs to Declare Registered and Beneficial Owners India’s Ease of Doing Business:
November 1, 2023
Enhancing Transparency: MCA Mandates LLPs to declare Registered and Beneficial Owners
Introduction: The concept of registered owner and beneficial owner within the context of a company has a well-established history. The Ministry of Corporate Affairs (MCA) has consistently underscored the importance of compliance with these provisions under the Companies Act of 2013. Recognizing the substantial relevance of these roles under various legal frameworks, the MCA has
October 27, 2023
“MCA’s Commitment to Business-Friendly Regulations: Rule Amendments and NSWS”
“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
October 26, 2023
SPEED BREAKERS IN GETTING NCLT CLEARANCES IN SCHEME OF MERGER/DEMERGER/CAPITAL REDUCTION
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
October 25, 2023
REVISION IN THE FRAMEWORK FOR FUND RAISING BY ISSUANCE OF DEBT SECURITIES BY LARGE CORPORATES (‘LC’s’)
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
October 15, 2023
MMJC Insights 15 October, 2023
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
September 30, 2023
MMJC Insights 30 Sept, 2023
The MMJC insights dated 30 Sept, 2023 cover the following: The Evolution of Virtual Meetings and the Road to Regulatory Reform Catalyzing Growth: The Imperative for Tailored Legal Frameworks for FPCs Unravelling the Ambiguities of the Digital Personal Data Protection Act, 2023: A Legal Perspective Listing of subsequent Non-Convertible Debt Securities Consultation Paper SEBI –
September 30, 2023
CTC Publication – September
September edition of the Chamber of Tax publication covers the following: ROC Adjudication Order – In the matter of Sushruta Medical Aid and Research Hospital Limited – Registrar of Companies, Bangalore dated 7 February 2023. ROC Adjudication Order – In the matter of Lululemon Services Private Limited – Registrar of Companies, Bangalore dated 22 February