Corporate Newsletter Mask Head
This newsletter aims to briefly discuss the key corporate law developments for the month of February 2022.
MCA
MCA notifies delegation of powers under Section 17 of LLP Act to Regional Directors.
February 11, 2022: The MCA vide its notification S.O 623(E) dated February 11, 2022, notified the delegation of powers by the Central Government vested in it under Section 17 of the More...
MCA notifies LLP (Amendment) Rules 2022, with effect from 1st April 2022.
February 11, 2022:  MCA vide its notification G.S.R.(E) dated February 11, 2022 notified the LLP (Amendment) Rules, 2022 (“Amendment”) to amend the Limited Liability More...
MCA notifies the Appointment of ROCs as Adjudicating Officers under the LLP Act.
February 11, 2022: The MCA vide its order S.O(E) dated February 11, 2022, notified that the Central Government in exercise of powers conferred under Section 76A More...
MCA notifies the Companies Accounts (Amendment) Rules, 2022.
February 11, 2022: MCA vide its notification G.S.R 107(E) dated February 11, 2022 notified the Companies (Accounts) Amendment Rules, 2022 to amend the Companies More...
MCA notifies Section 1 to Section 29 of the LLP (Amendment) Act, 2021 with effect from April 01, 2022.
February 11, 2022: MCA vide its notification S.O (E) dated February 11, 2022, notified April 01, 2022 as the date on which the provisions of Section 1 to Section 29 of the LLP More...
MCA notifies application of various provisions of Companies Act, 2013 to LLPs.
February 11, 2022: The MCA vide its notification G.S.R (E), dated February 11, 2022, exercising powers conferred under Section 67(1) of the LLP Act, 2008 has directed More...
MCA relaxes levy of additional fees in filing of e-forms for financial year ended on March 31, 2021 under the Companies Act, 2013.
February 11, 2022: The MCA vide a General Circular No. 01/2022, dated February 14, 2022, relaxed levy of additional fees for annual financial statement/ return filings required to More...
SEBI
SEBI once again amends the Schemes of Arrangement by listed entities with respect to submission of NOC from banks, financial institutions and debenture trustees.
February 01, 2022: The Securities and Exchange Board of India (“SEBI”) vide master circular no. SEBI/HO/CFD/DIL1/CIR/P/2020/249 dated December 22, 2020 (“Master Circular”) More...
SEBI lays guidelines for mutual funds with respect to Indian Accounting Standards.
February 04, 2022: The SEBI, vide circular no. SEBI/HO/IMD-II/DOF8/P/CIR/2022/12 has come out with guidelines for Asset Management Companies (“AMCs”) with respect to More...
SEBI revises the format of disclosures in the abridged prospectus and specifies information to be disclosed on the cover page of the offer document.
February 04, 2022: The SEBI, vide circular no. SEBI/HO/CFD/SSEP/CIR/P/2022/14, has come out with a revised format for an abridged prospectus to further simplify, provide greater More...
SEBI directs AMCs to form audit committee from August 2022.
February 09, 2022: The SEBI, vide circular no. SEBI/HO/IMD/IMD-I DOF2/P/CIR/2022/17, has directed all AMCs to form audit committees which will be responsible for oversight More...
Key takeaways from SEBI’s Board Meeting held on February 15, 2022.
February 15, 2022: The SEBI in its meeting held on February 15, 2022 has approved various amendments such as making a segregation of roles of chairperson and MD/ CEO for More...
RBI
Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Clarifications.
February 15, 2022: The Reserve Bank of India (“RBI”) vide its circular no. RBI/2021-2022/158 DOR.STR.REC.85/21.04.048/2021-22 provided certain clarifications on Master More...
New Definition of Micro, Small and Medium Enterprises – Clarification.
February 18, 2022: RBI vide its circular no. RBI/2021-2022/161 FIDD.MSME & NFS.BC.No.16/06.02.31/2021-22 provided a new definition of micro, small and More...
Withdrawal of Obsolete Regulatory Circulars/ Instructions basis the Interim Recommendations of RRA 2.0.
February 18, 2022: RBI vide its following notifications issued on February 18, 2022, has withdrawn around 100 circulars issued by various departments, as a part of the More...
Discontinuation/ Merger/ Online Submission of Returns basis the Interim Recommendations of RRA 2.0.
February 18, 2022: RBI vide its following notifications issued on February 18, 2022, has issued discontinuation/ merger/ online submission of returns of around 52 circulars More...
Online submission of returns basis the Interim Recommendations of RRA 2.0.
February 18, 2022: RBI vide its following notifications issued on February 18, 2022, has issued a list of around 13 returns to be converted to online submissions, as a part of the More...
Implementation of ‘Core Financial Services Solution’ by Non-Banking Financial Companies (NBFCs).
February 23, 2022: RBI vide its following notifications issued on February 23, 2022, has issued Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs’ in More...
AUTHORS
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 Biswal
Associate Associate
meghna.punjabi@linklegal.in subham.biswal@linklegal.in
FIRM NEWS
  • Our Co-Managing Partner, Mr. Nusrat Hassan has been featured as one of the ‘Dealmakers of Asia 2021’ by Asian Legal Business. Read More
  • Link Legal has been recognised for its excellence in the practice areas of Banking & Finance, Corporate/ M&A, Dispute Resolution, Projects, Infrastructure & Energy in Chambers and Partners Global 2022 Rankings. Read More
  • Our Managing Partner, Mr. Atul Sharma was a Guest Speaker in the Webinar on Introduction to Mergers & Acquisitions in India organised by Suveeksha EduSkills Limited. Read More
  • Read the story "Amazon, Future agree to talk to end the bitter legal battle" wherein our Partner Ketan Mukhija shared his expert views with BusinessLine. Read More
  • Link Legal in collaboration with Campus Law Centre, Faculty of Law, University of Delhi organised the International Workshop on Laws Governing Aviation in India on February 22nd & 23rd, 2022. Read More
  • Read the article "Multi Regulator Approach to Misleading Advertisements" authored by our Associate Partner Pradnesh Warke and Associate Eshika Phadke published on LiveLaw. Read More
  • Read the article "No Bar for Withdrawal after Constitution of CoC" authored by our Partner Ravi Charan published on Mondaq. Read More
  • Read the article "Game On, Rules Unclear!" authored by our Associate Partner Ambuj Sonal and Trainee Associate Subham Biswal published on LiveLaw. Read More
  • Read the article "Attracting Taiwanese Businesses to India" authored by Partner and Head – China Desk, Santosh Pai published in TAEF (Taiwan-Asia Exchange Foundation) Research Series 006 – Taiwan and India Strategizing the relations. Read More
  • Elated to share that our Deals have been featured in India Business Law Journal's 'Deals of the Year' List 2021. Read More
  • Read the "Handbook on Aircraft Leasing" authored by our Partner, Sanjay Gupta and Associate Partner, Neha Singh. Read More
  • Our Partners Namita Das and Ketan Mukhija have been recognized as the 'ALB India Rising Stars 2022' by Asian Legal Business, a Thomson Reuters publication. Read More
AWARDS AND 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 as one of the Top 10 Law Firms in India in the M&A League Table by VCCEdge League.
  •  Ranked as one of the Top 10 Law Firms in India in the M&A League Table by Venture Intelligence.
  • Ranked by Debtwire in its India Loans League Table Report 2021.
  • Ranked #13 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.
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.