SEBI Circulars – i) Online Filing of Documents and ii) Strategic Investor Participation in REITs and InvITs

Online Filing System for Offer Documents, Schemes of Arrangements, etc. In order to facilitate ease of operations for seeking observations on draft schemes of arrangements, offer documents, etc. under the various SEBI Regulations, SEBI has introduced an online system of filing documents relating to public issues, rights issues, IPPs, schemes of arrangements, takeovers and buybacks. …

Republic Day Brings in GPR Initiatives Alive – But are all changes good?

Changes in Incorporation Process On the occasion of the 69th Republic Day, the Ministry of Corporate Affairs (MCA) has launched the Government Process Re-engineering (GPR) initiatives for making the incorporation process simpler. The following are the initiatives taken in this regard: Name Reservation System: Introduction of “RUN – Reserve Unique Name” Web service for name …

Commencement of Sections of Companies (Amendment) Act, 2017

The Government has announced that January 26, 2018 shall be the date of commencement of Section 1 (Short Title and Commencement) and Section 4 (Amendment to Section 4 of Companies Act, 2013) of the Companies (Amendment) Bill, 2017. This is in line with its announcement to bring about a new system of online name reservation …

Outcome of the 25th GST Council Meeting held on 18th January, 2018

The GST Council met for the 25th time on January 18, 2018 at New Delhi, which is said to be the last meeting to be held before the Union Budget on February 1. The decisions of the GST Council were communicated by a press note and these will be given effect to through Gazette notifications …

Circular on Disclosures of Relationship by Insolvency Professionals

IBBI has issued a Circular dated January 16, 2018 regarding disclosures by insolvency professionals. In the interest of transparency, it has been decided that an insolvency professional and every other professional appointed by the insolvency professional for a resolution process shall make disclosures as follows. An insolvency professional shall disclose his relationship, if any, with …