This newsletter aims to briefly discuss the key corporate law developments for the month of July 2021.
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 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...
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...
Nusrat Hassan Ambuj Sonal
Co-Managing Partner Associate Partner
Ankit Agarwal Abhinav Anand
Senior Associate Associate
Advait Borade Meghna Punjabi
Associate Associate
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  • Winner in Aviation, Energy & Natural Resources and Infrastructure & Project Finance at India Business Law Journal’s 2021 Indian Law Firm Awards.
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