IBBI amends CIRP Regulations to provide relief in corporate insolvency resolution process due to COVID-19 outbreak

73 ViewsMinistry of Corporate Affairs To address this difficulty faced by the lockdown due to COVID-19, the Insolvency and Bankruptcy Board of India (IBBI) amended the CIRP Regulations to provide that the period of lockdown imposed by the Central Government in the wake of COVID-19 outbreak shall not be counted for the purposes of the […]

Trishikhar Ventures proposes acquisition of 18.951% of the Religare Health Insurance Co. Ltd. through CCI Green Channel

102 ViewsMinistry of Corporate Affairs The Competition Commission of India (CCI) received the following green channel combination filed under sub-section (2) of Section 6 of the Competition Act, 2002 (Act) read with regulation 5A of the Competition Commission of India (Procedure in regard to the transactions of business relating to combinations) Regulations, 2011 (Combination Regulations): […]

Functioning of NCLT during the lock down period

69 ViewsNationalCompanyLawTribunal 6thFloor,Block-3,CGOComplex,LodhiRoadNewDelhi-110003Dated:28.3.202 NOTICE In view of the lock down announced by the Government of India until 14.4.2020,to curtail the spread of COVID 19, the directions given in the notice dated 22.3.2020 issued by NCLT are here by extended up to 14.4.2020. 2. This issues with approval of Hon’ble Acting President, NCLT. (Shiv Ram Bairwa)Registrar

DIN holders of DINs marked as ‘Deactivated’ due to non-filing of DIR

88 ViewsDIN holders of DINs marked as ‘Deactivated’ due to non-filing of DIR-3KYC/DIR-3 KYC-Web and those Companies whose compliance status has been marked as “ACTIVE non-compliant” due to non-filing of Active Company Tagging Identities and Verification(ACTIVE) eform are encouraged to become compliant once again in pursuance of the General Circular No. 11 dated 24th March, […]

Clarification on contribution to PM CARES Fund as eligible CSR activity

101 ViewseF. No. CSR-05/1/2020-CSR-MCAGOVERNMENT OF INDIAMINISTRY OF CORPORATE AFFAIRS 5th floor, A Wing, Shastri Bhawan,Dr. R.P. Road. New Delhi-11000128.03.2020 OFFICE MEMORANDUM Subject: Clarification on contribution to PM CARES Fund as eligible CSR activity under item no. (viii) of the Schedule VII of Companies Act, 2013. The Government of India has set up the Prime Minister’s […]

Sensitization of Nidhi companies towards compliance of provisions of section 406 of Companies Act, 2013

85 ViewsIn order to make regulatory regime for Nidhi Companies more effective and also to accomplish the objectives of transparency & investor friendliness in corporate environment of the country, the Central Government has recently amended the provisions related to NIDHI under the Companies Act and the Rules (effective from 15.08.2019). Under Nidhi Rules, 2014, Nidhi […]

Corona Virus | Board meetings under the Companies Act, 2013

123 Views Considering the need to take precautionary steps to overcome the outbreak of the coronavirus (Covid-19), the Government has in-principle decided to relax the requirement of holding Board meetings with physical presence of directors under section 173 (2) r/w rule 4 of the Companies (Meetings of Board and its Powers) Rules, 2014 for approval […]

Privatisation of Companies

140 Viewsinistry of Finance The Government has given ‘in-principle’ approval for Privatisation of 24 CPSEs including Subsidiaries, Units and Joint Ventures with sale of majority stake and transfer of management control. This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, in a written reply to a question in […]