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Legal Updates
The Ministry of Corporate Affairs vide general circular 31/2020 dated September 28, 2020 has provided extension of LLP Settlement Scheme, 2020.
The Ministry of Corporate Affairs vide general circular 23/2020 dated September 28, 2020 has provided relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013.
The Ministry of Corporate Affairs vide general circular 33/2020 dated September 28, 2020 has issued clarification on passing of ordinary and special resolutions by companies under the Companies Act,2013 read with rules made thereunder on account of COVID-19.
The Ministry of Corporate Affairs vide general circular 34/2020 dated September 29, 2020 has issued clarification with regard to creation of deposit repayment reserve of 20% u/s 73(2)(C ) of the Companies Act, 2013 and to invest or deposit 15% of amount of debentures u/s 18 of Companies (Share Capital and Debenture) Rules, 2014.
Industrial Relations Code Bill 2020.
The Securities Exchange Board of India vide circular no. SEBI/HO/IMD/DF1/CIR/P/2020/182 dated September 23, 2020 issued guidelines for Investment Advisers.
The Securities Exchange Board of India vide press release 51/2020 dated has amended Rationalization of Eligibility criteria and Disclosure requirements for Rights Issues.
The Securities Exchange Board of India vide circular SEBI/CIR/CFD/DCR1/CIR/P/2020/181 dated September 23, 2020 has issued procedure, System-Driven Disclosures (SDD) under SEBI (SAST) Regulations, 2011.
The Securities Exchange Board of India vide circular SEBI/HO/IMD/FPI&C/CIR/P/2020/177 dated September 21, 2020 has issued procedure to Write-off of shares held by FPIs.
The Securities Exchange Board of India vide circular SEBI/HO/DDHS/DDHS/CIR/P/2020/174 dated September 16, 2020 has issued procedure of listing and trading of units of Infrastructure Investment Trusts(InvITs) and Real Estate Investment Trusts (REITs) on recognized stock exchanges in International Financial Services Centres(IFSC).
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