Amendments relating to Deposits – 15th August, 2018

MCA has notified 15th August, 2018 as the date on which the following amendments brought in by the Companies (Amendment) Act, 2017 shall commence. The Commencement Notification can be accessed from the following link: http://www.mca.gov.in/Ministry/pdf/CommencementNotification0507_06072018.pdf Section in Amendment Act Provisions in the Main Act Brief Particulars of the Amendment Section 15 Section 73 a.   Amount to …

Amendments relating to Private Placement – 7th August, 2018

MCA has notified 7th August, 2018 as the date on which Section 10 of the Companies (Amendment) Act, 2017 shall commence. Section 10 of the Amendment Act deals with amendment to Section 42 of the Main Act. The following are the changes made: Private placement (Sec. 42): Instead of ‘private placement offer letter’, a ‘private …

Issue of Securities in Demat Form by Unlisted Public Companies

Introduction In this age of digital economy, it may be said that issue and maintenance of securities in physical form has become a redundant and inefficient process.  Technology can be harnessed to improve the way in which corporates and investors deal with securities. Dematerialization of securities is not only an efficient alternative but is also …