This newsletter aims to briefly discuss the key corporate law developments for the month of July 2021.
MCA
MCA issues a commencement date for certain provision of the Companies (Amendment) Act 2020
July 22, 2021: MCA vide its notification number S.O. 2904(E) has appointed September 01, 2021 as the date on which the Section 4 of the Companies (Amendment) Act 2020, which deals with the More...
Amendment to the Companies (Incorporation) Rules, 2014
July 22, 2021: MCA vide its circular number G.S.R. 503(E) has amended the Companies (Incorporation) Rules, 2014 to insert a new Section 33A which provides for Allotment of a new name to the More...
MCA issues clarification on the spending of CSR Funds for Covid-19 vaccination
July 30, 2021: MCA vide its circular number 13/2021, has clarified that the spending of the CSR funds for the Covid-19 vaccination for persons other than the employees and their families, would be More...
SEBI
SEBI reduces time for filing application to obtain No Objection Certificate (“NOC”) for release of 1% of issue amount
July 05, 2021: SEBI vide its circular number CIR/OIAE/1/2009 dated November 25, 2009 had laid down guidelines for obtaining NOC for release of 1% of issue amount. Now, SEBI vide its More...
SEBI issues SOP for listed subsidiary company desirous of getting delisted through a Scheme of Arrangement wherein the listed parent holding company and the listed subsidiary are in the same line of business
July 06, 2021: SEBI vide its notification dated June 10, 2021, had notified the amendments made to the SEBI (Delisting of Equity Shares) Regulations, 2021. Now, SEBI vide its circular More...
Revised definition of MSME: Addition of Retail and Wholesale Trade
July 7, 2021: The Reserve Bank of India (“RBI”) has issued a notification announcing a revised definition for MSME i.e., Micro, Small and Medium Enterprises with the annexation of retail and wholesale More...
SEBI extends timelines for compliance with regulatory requirements by Debenture Trustees due to Covid-19
July 20, 2021: In view of the prevailing situation due to Covid-19 pandemic and representations received from debenture trustees, SEBI vide circular number SEBI/HO/MIRSD/CRADT/CIR/P/2021/597 has More...
SEBI extends timeline for holding the Annual General Meeting (“AGM”) by top 100 listed entities by 1 (one) month
July 23, 2021: SEBI vide circular number SEBI/HO/CFD/CMD1/P/CIR/2021/602 has extended the timeline for conducting AGMs by top-100 listed entities by market capitalization. More...
RBI
DPIIT amends FDI Policy on Petroleum and Natural Gas Sector
July 29, 2021: The Department for Promotion of Industry and Internal Trade (“DPIIT”) upon review of the FDI Policy on Petroleum and Natural Gas Sector has amended the Consolidated FDI Policy, 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
  • Road Ahead for E-Tailers: Proposed Amendments in 'The Consumer Protection (E-Commerce) Rules, 2020' Read More
  • Interest Free Loans is a Financial Debt: SC Clarifies Read More
  • Link Legal advised and assisted Twin Technology SE in its acquisition of equity stake in Audiencetech India Solutions Private Limited Read More
  • Overview of Laws & Regulations: Medical Device Industry Read More
  • The Doctrine of Frustration in aviation leases vis-à-vis COVID-19 Read More
  • Construction Post Pandemic: ‘Kabhi Khushi Kabhi Gham’ Read More
  • EQ Webinar on DISCOM Privatisation Read More
  • RICS Global CRE & FM Conference 2021 Read More
  • NPPA Caps Trade Margin for Six Essential Medical Devices 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.
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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