This newsletter aims to briefly discuss the key corporate law developments for the month of June 2021.
MCA
Application of shops and establishment registration at the time of incorporation.
June 07, 2021: The Ministry of Corporate Affairs (“MCA”) vide its notification number G.S.R. 392 (E) has amended the Companies (Incorporation) Rules, 2014, whereby More...
Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2021.
June 09, 2021: MCA vide its circular number G.S.R. 396 (E) has amended the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) More...
MCA allows board meetings to transact all matters including the earlier restricted matters through VC or OAVM.
June 15, 2021: MCA vide its notification no. G.S.R. 409 (E) has amended the Companies (Meetings of Board and its Powers) Rules, 2014, whereby Rule 4 has been omitted, More...
The Companies (Indian Accounting Standards) Amendment Rules, 2021.
June 18, 2021: MCA vide its notification no. G.S.R. 419 (E) amended the Companies (Indian Accounting Standards) Rules, 2015 which includes amendments in 21 Indian More...
Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021.
June 18, 2021: MCA vide its notification no. G.S.R. 418 (E) has amended the Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019 to More...
Companies (Accounting Standards) Rules, 2021.
June 23, 2021: MCA vide its notification dated June 23, 2021 has issued the Companies (Accounting Standards) Rules, 2021 (“New AS Rules”) in supersession of the More...
MCA issues circular to extend the date to conduct EGMs through VC or OAVM.
June 23, 2021: MCA vide its circular number 10/2021 has issued clarification on passing of special resolution by companies under the Companies Act, 2013 read with Rules More...
MCA issues relaxation on levy of additional fees in filing of certain forms under the Companies Act, 2013 and LLP Act, 2008.
June 30, 2021: MCA vide its circular number 11/2021 and in continuation of its circular number 06/2021 dated May 03, 2021 and on account of requests for further extension of More...
MCA issues relaxation of time for filing forms relating to creation, modification of charge under the Companies Act, 2013.
June 30, 2021: MCA vide its circular number 12/2021, in continuation to the circular number 07/2021 dated May 03, 2021 and after due examination of the requests of the More...
SEBI
Centralised database for corporate bonds and debentures.
June 04, 2021: The Securities and Exchange Board of India (“SEBI”) vide its circular no. SEBI/HO/DDHS/DDHS1/P/CIR/2021/572 has streamlined the framework on More...
SEBI revises eligibility criteria for Regulatory Sandbox.
June 14, 2021: With the intent to promote innovation in the securities market, SEBI had issued framework for Regulatory Sandbox vide its circular no. SEBI/HO/MRD -1 More...
SEBI relaxes minimum vesting period in case of death of employee(s) under SEBI (Share Based Employee Benefit) Regulations, 2014 (“SBEB Regulations”).
June 15, 2021: SEBI vide its circular no. SEBI/HO/CFD/DCR2/CIR/P/2021/576 has relaxed the requirement of minimum vesting period in case of death of an employee under More...
SEBI issues circular for the automation of continual disclosure under SEBI (Prohibition of Insider Trading) Regulations, 2015.
June 16, 2021: SEBI vide its circular no. SEBI/HO/ISD/ISD/CIR/P/2021/578 has issued a notification for the automation of continual disclosures under Regulation 7 (2) More...
SEBI amends the SEBI (Alternative Investment Funds) Regulations, 2012.
June 25, 2021: SEBI vide its circular no. SEBI/HO/IMD-I/DF6/P/CIR/2021/584 has amended the SEBI (Alternative Investment Funds) Regulations, 2012. Accordingly, More...
SEBI Board meeting updates.
June 29, 2021: SEBI has taken inter alia following major decisions in its board meeting More...
RBI
RBI issues directive to align PSO regulations with its earlier circular on investment in NBFCs from FATF Non-compliant Jurisdictions.
June 14, 2021: RBI has issued a directive under Section 18 read with Section 10(2) of the Payment and Settlement Systems Act, 2007 in order to align Payment System More...
RBI issues circular for the declaration of dividends by NBFCs.
June 24, 2021: RBI issued a circular for declaration of dividends by non-banking financial companies (“NBFCs”), which shall be applicable to all NBFCs regulated by RBI. More...
AUTHORS
Nusrat Hassan Ambuj Sonal
Co-Managing Partner Associate Partner
nusrat@linklegal.in ambuj.sonal@linklegal.in
Ankit Agarwal Abhinav Anand
Senior Associate Associate
ankit.agarwal@linklegal.in abhinav.anand@linklegal.in
Advait Borade Meghna Punjabi
Associate Associate
advait.borade@linklegal.in meghna.punjabi@linklegal.in
FIRM NEWS
  • Supreme Court at Cross Roads. Read More
  • Relaxation in the Packing Norms for the Manufacturers and Packers: Legal Metrology (Packaged Commodities) Rules, 2011. Read More
  • Pursuit of lower solar tariff - Fate of successful bidders in competitive bidding. Read More
  • FSSAI order mandating new compliance for the Restaurants/FBOs. Read More
  • 'Ipso Facto' Termination in India: Valid or Invalid? Read More
  • Personal Guarantors Liable for Corporate Debts. Read More
  • Link Legal advises The One Off India Limited based in UK on its 50:50 joint venture with Bentel Associates LLP. Read More
  • Link Legal advises RIB Group in an inter-se transfer of shares of Winjit Technologies Private Limited. Read More
  • A warm welcome to Pradnesh Warke who has joined as an Associate Partner in the Firm focusing on Healthcare, Life Sciences and Agriculture in Mumbai. Read More
  • A warm welcome to Pushkar Bavare who has joined as an Associate Partner in the Firm's Banking and Project Finance practice in Mumbai. Read More
  • Webinar Recording | LIDW21: A view from London and India. Read More
  • Virtual Leadership Session "Strategic outlook on access to Green Financing". 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 in the India Loans League Table Report H1 2021 published by Debtwire (Acuris).
  • Ranked Law Firm in the Media Law International 2021 ranking.
  • Ranked as one of the Top 15 Law Firms in India in Private Equity League Table by Venture Intelligence (Q1 2021).
  • Ranked as one of the Top 15 Law Firms in India in M&A and Private Equity League Tables by VCCEdge (Q1 2021).
  • Capital Markets Law Firm of the Year Award at BW Legal World Global Legal Leaders Awards 2020.
  • Firm has featured amongst winners of ‘Deals of the Year 2020’ under M&A and Joint Ventures in India Business Law Journal's Deals of the Year 2020 report.
  • Winner of the ‘Utility Deal of the Year’ Award at The Asset Triple A Infrastructure Awards 2020.
  • Ranked #15 in Top Ranked Law Firms: India by Top Ranked Legal 2020 for Aviation, Banking & Finance, Competition/ Antitrust, Corporate/ M&A and Dispute Resolution.
  • 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 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.
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