August 2019 On August 16, 2019, the Ministry of Corporate Affairs (“MCA”) amended the Companies (Share Capital and Debentures) Rules, 2014 (“SCD Rules”) and issued the Companies (Share Capital and Debentures) Amendment Rules, 2019 (“Revised SCD Rules”). This edition of the alert apprises you with the amendments pertaining to issue of shares with differential voting rights (“DVRs”) and...
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July 2019 On March 29, 2019, the Telecom Regulatory Authority of India (“TRAI”) released a Consultation Paper on Review of Terms and Conditions for registration of Other Service Providers, which was open for comments and counter-comments upto May 20, 2019 and June 3, 2019, respectively. Thereafter, an open house discussion was conducted on July 15,...
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July 2019 The Significant Beneficial Ownership Rules, 2019 (“the Rules”) issued by Ministry of Corporate Affairs’ (“MCA”) through its notification dated February 8, 2019. The Rules mandate Indian companies (“Reporting Companies”) to furnish a declaration with the Registrar of Companies (“ROC”) notifying their Significant Beneficial Owner (“SBO”), if any. Who is a SBO As per rule...
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May 2019 NCLT Second Amendment Rules, 2019 MCA notified National Company Law Tribunal (Second Amendment) Rules, 2019 on May 8, 2019. By this notification, it has amended rule 84 and prescribed the eligibility norms for filing CAS under Section 245 of the Companies Act, 2013. A CAS is a representative law suit which allows a...
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