Registering on TReDS Platform

As per Notification No. S.O.5621(E) by the Ministry of Micro, Small and Medium Enterprises, which can be accessed here, all companies having turnover of more than Rs. 500 crores and all Central Public Sector Enterprises shall get themselves onboarded on the Trade Receivables Discounting System Platform (TReDS). The RoCs shall be the competent authority to … Continue reading Registering on TReDS Platform

External Commercial Borrowings (ECB) Policy – New ECB Framework

RBI has been come out with a new framework for ECB, in consultation with the Government of India, to rationalize the extant framework for ECB and Rupee Denominated Bonds in light of the experience gained to improve the ease of doing business. The new framework is instrument neutral and would further strengthen the AML/CFT (Anti-Money … Continue reading External Commercial Borrowings (ECB) Policy – New ECB Framework

Companies (Acceptance of Deposits) (Amendment) Rules, 2019

Details of amounts received which are exempt from the definition of deposits under Rule 2(1)(c) are required to be filed in DPT-3 by 21st April, 2019. Exempt Deposits to be Disclosed MCA has amended the Deposits Rules on 22nd January, 2019, which can be accessed here. The amendment entails filing of one-time return of outstanding … Continue reading Companies (Acceptance of Deposits) (Amendment) Rules, 2019

Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2018

SEBI has issued a set of amendments to the SEBI (Prohibition of Insider Trading) Regulations, 2015 in the form of the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018 on 31st December, 2018. These can be accessed here. These amendments take effect from April 01, 2019. Some of the amendments are aimed at stricter norms … Continue reading Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2018

Exemption from Dematerializing Shares

Companies (Prospectus and Allotment of Securities) Amendment Rules, 2019 Earlier, with the MCA Notification dated 10th September, 2018, the requirement to issue securities in dematerialized mode has been mandatory for all unlisted public companies by inserting Rule 9A to Companies (Prospectus and Allotment of Securities) Rules, 2014. A detailed article on this can be found here. Now, … Continue reading Exemption from Dematerializing Shares