Recent MCA Notification for compulsory demat of securities for not Small Cos. has created uncertainties for few Cos./group cos. Following are some practical situations (for few of my clients) & observations: 1. Co. was subsidiary of Foreign Co....
MCA to launch Central Processing Centre for all compliances, similar to company incorporation and company closure. this is a significant development in Company Law- from the perspective of registration services, compliance, compliance monitoring.....
MCA has mandated private companies (which are not Small Cos.) to issue securities (not just ‘shares’) only in demat form and facilitate demat process for all its securities. Presently, the said provisions are applicable to unlisted public companies....
It's been around 2 months that Rakesh Jhunjhunwala (RJ) is no more... RJ was the first person for me to have some interest in investing finance and Securities Market. On business channels, everyone was talking ‘technical’ concepts then, but RJ was...
Last week, the LLP Rules, 2009 were amended (effective from April 1, 2022). The amendments are quite significant. One of the amendments relates to adjudication of penalties. Provisions are a bit similar to adjudication under the Cos. Act, 2013. These...
MCA has issued a Notification (dated Feb. 11, 2022) and has stated that certain provisions of Cos. Act, 2013 will be applicable to LLP (with modifications). This post relates to analysis of the said notification: Provisions of maintaining register of...
3 months back, when the SEBI board approved the proposal, I had mentioned that RPT amendments are made extremely stringent and would require another round of amendment. In fact, on the SEBI consultation paper on RPTs, I had written an article titled...
By Gaurav Pingle, Practising Company Secretary. To begin with, there are many books on investing, personal finance, insurances, mutual funds, etc. However, not all the books fascinate a common man to read it. The reason could be legal jargon,...
Book review by Gaurav Pingle, Practising Company Secretary Along with Related Party Transactions & Independent Directors, Corporate Social Responsibility (CSR) has been one of the most deliberated concepts of the Companies Act, 2013....
