Walmart-Flipkart Deal Part 2

In our earlier article, we saw that Walmart and Amazon were vying for control of Flipkart and we also discussed the applicable FDI norms. (Please click here for our earlier article: https://csushaganapathy.wordpress.com/2018/05/03/walmart-flipkart-and-fdi-in-india/ ). In the current article, we will see how things how unfolded since then: It is now confirmed that Walmart will be the …

CODS Scheme for Companies under Revival

Many stakeholders had sent representations to the Ministry raising doubts regarding filing requirements of e-CODS, 2018, in cases where petitions have already been filed before NCLT under section 252 of the Companies Act 2013, during the currency of the scheme and orders are pending before the NCLT and whether such struck off companies can file …

Monitoring of FPI Limits in listed Indian corporates

RBI has released a Notification dated May 3, 2018 which essentially says that the listed Indian companies who do not give information relating to the existing FPI investment in them in relation to the proposed FPI monitoring mechanism, shall be treated as violating FEMA and that they cannot receive any further investment. The Notification can …

Amendments to Listing Regulations – Uday Kotak Committee Recommendations

We had covered in our earlier article the recommendations made by the Committee on Corporate Governance headed by Shri Uday Kotak. The article can be accessed here: https://csushaganapathy.wordpress.com/2017/10/09/sebi-appointed-kotak-committee-submits-report-on-corporate-governance/ . Now, SEBI has enforced some of the recommendations of the Committee by issuing Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, …

Companies Act, 2013 – Amendments notified on 7th May, 2018

Earlier in January, MCA had notified Sections 1 and 4 of the Companies (Amendment) Act, 2017. And on February 9, 2018, MCA had notified a few more provisions, details of which can be accessed here: https://csushaganapathy.wordpress.com/2018/02/12/commencement-of-a-few-more-provisions-of-the-amendment-act/. Now, MCA has appointed May 7, 2018 as the date on which some provisions of the Companies (Amendment) Act, …