234 Legal Updates in Secretarial

MCA declares that Form BEN-2 is likely to be revised with effect from August 23, 2019

Aug 22, 2019

The Ministry of Corporate Affairs (MCA) on August 21, 2019, announces that the Form BEN-2 is likely to be revised on MCA21 Company Forms Download page with effect from August 23, 2019.  The Form BEN-2 is the declaration that a company is required to file with the registrar under section 90 of the Companies Act, 2013. This declaration is with

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Gold Monetisation Scheme, 2015

Aug 21, 2019

The Reserve Bank of India (RBI) on August 16, 2019, has made amendments in the Reserve Bank of India (Gold Monetization Scheme) Directions, 2015. The Gold Monetisation Scheme is intended to mobilise gold held by households and institutions of the country and facilitate its use for productive purposes, and in the long run, to reduce country’s

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Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2019

Aug 21, 2019

The Ministry of Corporate Affairs (MCA) on August 14, 2019 notifies the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2019 to further amend the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. The amendments made in the Investo

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SEBI specifies that fines to be imposed in case of non-compliance of provisions of SEBI (ICDR) Regulations, 2018

Aug 20, 2019

The Securities and Exchange Board of India (SEBI) on August 19, 2019, has issued a Circular specifying that the fines to be imposed by the Stock Exchanges for non-compliance with certain provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (ICDR Regulations). The Regulation 297 and 298 of SEBI (ICDR) Regulations, 2018

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MCA announces that Forms IEPF-1, IEPF-2 and IEPF–4 are about to revise

Aug 20, 2019

The Ministry of Corporate Affairs (MCA) had notified the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2019 on August 14, 2019 and is available on www.iepf.gov.in.   Accordingly, the following forms shall be revised: • Form IEPF-1 (Statement of amounts credited to

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MCA announces that Form SPICe is likely to be revised

Aug 19, 2019

The Ministry of Corporate Affairs on August 16, 2019 announces that the Form SPICe (Simplified Proforma for Incorporating Company Electronically) is likely to be revised on MCA21 Company Forms Download page with effect from August 17, 2019. The SPICe or Form INC-32 helps to incorporate a company with a single application for reservation of name, in

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MCA notifies the Insolvency and Bankruptcy Code (Amendment) Act, 2019

Aug 19, 2019

The Ministry of Corporate Affairs has issued a Notification to notify the Insolvency and Bankruptcy Code (Amendment) Act, 2019.  The Ministry of Law and Justice on August 05, 2019, published the Insolvency and Bankruptcy Code (Amendment) Act, 2019 to further amend the Insolvency and Bankruptcy Code, 2016. The Central Government hereby appoints

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The Companies (Share Capital and Debentures) Amendment Rules, 2019

Aug 19, 2019

The Ministry of Corporate Affairs (MCA) on August 16, 2019, has published the Companies (Share Capital and Debentures) Amendment Rules, 2019 to further amend the Companies (Share Capital and Debentures) Rules, 2014. These Rules will come into force on the date of its publication in the Official Gazette that is August 16, 2019. The amendments made

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MCA simplifies the process for incorporating companies with charitable objects

Aug 14, 2019

The Ministry of Corporate Affairs (MCA) on August 14, 2019, simplifies the process for incorporating companies with charitable objects as specified under Section 8 of the Companies Act, 2013, the requirement of prior filing of Form INC-12 for new section 8 companies is being dispensed with vide the Companies(Incorporation) Sixth Amendment Rules, 20

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