mask head
August and September 2021:
Corporate Legal Developments.
Ministry of Corporate Affairs.
Amendment to the Companies (Registration of Foreign Companies) Rules, 2014.
August 05, 2021:
The Ministry of Corporate Affairs (“MCA”) vide its notification G.S.R. 538(E) has issued the Companies (Registration of Foreign Companies) Amendment More
Amendment to the Companies (Specification of definitions details) Rules, 2014.
August 05, 2021:
The Ministry of Corporate Affairs (“MCA”) vide its notification G.S.R. 539(E) has issued the Companies (Specification of definitions details) Third Amendment More
MCA issues notification for exemption under Section 387 to Section 392 of Companies Act, 2013.
August 05, 2021:
MCA vide its notification number S.O. 3156(E) has hereby exempted the More
MCA issues a commencement date for certain provisions of the Companies (Amendment) Act, 2020.
July 22, 2021:
MCA vide its notification no. S.O. 2904(E) has appointed September 01, 2021, as the date on which section 4 of the Companies (Amendment) Act 2020 More
Amendment to the Limited Liability Partnership Act.
August 13, 2021:
MCA has notified the Limited Liability Partnership (Amendment) Act, 2021 wherein below are the amendments being brought out More
MCA issues special court notification.
August 19, 2021:
MCA has issued notification no. S.O. 3403(E) wherein it is stated that the Central Government and the Chief Justice of the High Court of Jharkhand More
Amendment to the Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019.
August 19, 2021:
MCA vide its notification G.S.R. 580(E) has issued the Companies (Creation and Maintenance of databank of Independent Directors) Second More
Amendment to the Companies (Appointment and Qualification of Directors) Rules, 2014.
August 19, 2021:
MCA vide its notification G.S.R. 579(E) has issued the Companies (Appointment and Qualification of Directors) Amendment Rules, 2021 to amend More
MCA issues Frequently Asked Questions (FAQs) on Corporate Social Responsibility (CSR).
August 25, 2021:
MCA vide General Circular No. 14 /2021, E-file no.CSR-05/01/2021-CSR-MCA, has issued FAQ in supersession of clarifications on the various issues More
MCA extends the Tenure of the Company Law Committee.
September 23, 2021:
MCA vide its order dated September 23, 2021, extends the tenure of the Company Law Committee by one year, i.e., till 16.09.2022. The Company Law More
MCA extends the time for holding of Annual General Meeting for
FY 2020-21.
September 23, 2021:
MCA vide its Office Memorandum CL-II-03/252/2021-0/o DGCoA-MCA dated September 23, 2021, advises the Registrar of Companies (RoCs) More
MCA extends the last date of filing of the Cost Audit Report to the Board of Directors.
September 27, 2021:
MCA vide its circular General Circular No. 15/2021 extends the last date of filing of Cost Audit Report to the Board of Directors under Rule 6(5) of More
SEBI.
SEBI allows Non-Scheduled Payments Banks to act as Bankers to an Issue.
August 03, 2021:
To provide easy access to investors to participate in public and rights issues by using various payment avenues and to protect their interests in securities More
Consolidation of SEBI regulations on non-convertible securities.
August 09, 2021:
Vide Notification No. SEBI/LAD-NRO/GN/2021/39, SEBI has consolidated the regulatory framework pertaining to the issue of non-convertible More
SEBI issues Operational Circular for issue and listing of Non-Convertible Securities (NCS), Securitised Debt Instruments (SDI), Security Receipts (SR), Municipal Debt Securities and Commercial Paper (CP).
August 10, 2021:
SEBI, vide its circular no.: SEBI/HO/DDHS/P/CIR/2021/613, has issued Operational Circular for issue and listing of Non-Convertible Securities (NCS) More
SEBI issues Guidelines on Issuance of Non-Convertible Debt Instruments along with Warrants.
August 13, 2021:
SEBI, vide circular no. SEBI/HO/CFD/DIL/CIR/P/2021/614, has issued guidelines on issuance of non-convertible debt instruments along with warrants More
SEBI revises the format for promoters and promoter group entities’ shareholding disclosure.
August 13, 2021:
SEBI, vide its circular no. SEBI/HO/CFD/CMD/CIR/P/2021/616, revised the format for disclosure of shareholding pattern of promoters and promoter group More
Key Highlights of the SEBI Board Meeting held on August 06, 2021.
August 06, 2021:
The Board of SEBI met in Mumbai on August 06, 2021, and took More
Key Highlights of the SEBI Board Meeting held on September 28, 2021.
September 28, 2021:
The Board of SEBI met in Mumbai on September 28, 2021, and took More
RBI.
RBI issued Framework for Outsourcing of Payment and Settlement-related Activities by Payment System Operators.
August 03, 2021:
The Payment System Operators (PSOs), by services they provide and the construct of models on which they operate, largely outsource their payment and More
RBI issued Resolution Framework for COVID-19-related Stress – Financial Parameters – Revised timelines for compliance.
August 06, 2021:
RBI referred to the circular DOR.No.BP.BC/13/21.04.048/2020-21 dated September 7, 2020, inter alia advising the key ratios and their sector-specific More
Foreign Exchange Management (Non-Debt Instruments) (Amendment) Rules, 2021.
August 06, 2021:
Vide its notification, the Ministry of Finance amended the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019. An explanation More
RBI issued Rationalisation of Overseas Investment Regulations under FEMA, 1999 – Draft rules/regulations for Comments.
August 09, 2021:
Overseas Investments and acquisition of immovable properties outside India by persons resident in India is presently governed by the provisions More
Foreign Exchange Management (Non-Debt Instruments) (Second Amendment) Rules, 2021.
August 19, 2021:
Vide its notification, the Ministry of Finance amended the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (NDI Rules). More
RBI issued Master Directions on Prepaid Payment Instruments (PPIs).
August 27, 2021:
The Reserve Bank of India (RBI) has issued Reserve Bank of India Master Directions on Prepaid Payment Instruments, 2021 (“Master Directions”). The Master More
Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021.
September 08, 2021:
The Reserve Bank of India vide its notification no. FEMA 23(R)/(5)/2021-RB has amended the Foreign Exchange Management (Export of Goods More
Application for Aadhaar e-KYC Authentication License.
September 13, 2021:
Under Section 11A of the Prevention of Money Laundering Act, 2002 (PML Act), entities other than banking companies may be permitted, by Central More
Master Directions - Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021.
September 24, 2021:
Basis the comments received from various stakeholders on the Draft Comprehensive Framework for Sale of Loan Exposures released by RBI on June 8, 2020 More
Master Directions - Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021.
September 24, 2021:
Basis the comments received from various stakeholders on the Draft Framework for Securitisation of Standard Assets released by RBI on June 8, 2020 More
Firm News.
  • Link Legal advised Air India Limited in its Strategic Disinvestment Read More
  • Link Legal advised Slintel Inc., in its acquisition by 6Sense, through a 2-step merger process Read More
  • Link Legal advised and assisted Classklap Private Limited and its promoters in its acquisition by Proficiency Learning Solutions Private Limited (brand name “Eupheus”) Read More
  • Hits and/or misses - Discussion Paper on CIRP Read More
  • 20 Years of Cape Town Convention - Indian Perspective on Aviation's Lynchpin Framework Read More
  • RBI'S Framework For Transfer Of Loan Assets Read More
  • Real Money Gaming and Betting in Foreign Currencies: Points to be Noted Read More
  • One-stop-shop for Business Approvals: India launches ‘National Single Window System’ Read More
  • Virtual Roundtable on Key Regulatory Developments Read More
  • 4th Annual Airport Modernization Summit 2021 Read More
Awards & Recognition.
  • Winner in Aviation, Energy & Natural Resources and Infrastructure & Project Finance at India Business Law Journal’s 2021 Indian Law Firm Awards..
  • M&A Law Firm of the Year and Insolvency & Bankruptcy Code Law Firm of the Year Awards at The IDEX Legal Awards 2021.
  • Infrastructure & Project Finance Law Firm of the Year Award at Legal Era Indian Legal Awards 2020-21.
  • Ranked in the India Loans League Table Report H1 2021 published by Debtwire (Acuris).
  • Ranked as one of the Top 15 Law Firms in India in Private Equity League Table by Venture Intelligence.
  • Ranked as one of the Top 15 Law Firms in India in M&A and Private Equity League Tables by VCCEdge.
  • Ranked #15 in Top Ranked Law Firms: India by Top Ranked Legal 2020 for Aviation, Banking & Finance, Capital Markets, Competition/ Antitrust, Corporate/ M&A, Dispute Resolution, Labour and Employment, Projects, Restructuring and Insolvency and TMT.
  • Recognised as one of the Largest Law Firms in India in Asian Legal Business' Asia's Top 50 Largest Law Firms list.
  • Recognised as one of the ‘Best Brands’ at the Economic Times - Best Brands Summit 2019.
  • Ranked #14 among top 40 Indian Law Firms by RSG Consulting, 2019.
  • Ranked highly in various practice areas such as Aviation, Projects, Infrastructure, Energy, Construction, Banking & Finance, Corporate and M&A, Dispute Resolution, International Arbitration, Competition/ Antitrust, Restructuring & Insolvency, Capital Markets, Labour & Employment, Private Equity, Real Estate, TMT, etc. by Chambers and Partners, The Legal 500, RSG, Benchmark Litigation, India Business Law Journal, Asian Legal Business, IFLR1000, Asialaw, among others.
  • Partners of the Firm are highly ranked by leading global publications including Chambers and Partners, The Legal 500, Benchmark Litigation, India Business Law Journal, Asian Legal Business, IFLR1000, asialaw, among others.
Authors of this Edition.
•   Nusrat Hassan •   Ambuj Sonal
Co-Managing Partner Associate Partner
nusrat@linklegal.in ambuj.sonal@linklegal.in
•   Tanvi Pande •   Abhinav Anand
Senior Associate Associate
tanvi.pande@linklegal.in abhinav.anand@linklegal.in
•   Meghna Punjabi •   Subham S. Biswal
Associate Associate
meghna.punjabi@linklegal.in subham.biswal@linklegal.in
Disclaimer
The contents of this newsletter are intended for information purposes only. Parts of this newsletter are based on news reports and have not been independently verified. The newsletter is not in the nature of a legal opinion or advice and should not be treated as such. Link Legal does not warrant the accuracy and completeness of this newsletter, and readers are encouraged to seek professional advice before acting upon any of the information provided therein. In no event will Link Legal be liable for any loss whatsoever arising out of the use of or reliance on the contents of this newsletter. This newsletter is the exclusive copyright of Link Legal and may not be circulated, reproduced or otherwise used by the intended recipient without the prior permission of its originator.
 web         LinkedIn