15 hours ago

    RBI imposes monetary penalty on 7 banks for non-compliance

    RBI imposes monetary penalty on following 7 banks for non-compliance :- Sr. No Name of Bank Penalty amount (in ₹ Million) 1 Bank of…
    2 days ago

    NCLT can initiate CIRP if High Court has not appointed official Liquidator & passed winding up order

    In Nuvoco Vistas Corporation Ltd. vs Maxout Infrastructures Pvt. Ltd. , NCLT held that it does not have any bar…
    4 days ago

    SEBI allows non-residents not to provide PAN for the transfer of equity shares of listed entities

    Under Schedule VII of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR”), SEBI has mandated both transferee(s) as well…
    4 days ago

    Applicants under CIRP can raise ECBs from recognised lenders, except from the branches/ overseas subsidiaries of Indian banks

    RBI had issued New External Commercial Borrowings Policy (to be referred as “ECB Framework”) dated January 16, 2019 ( A.P. (DIR…
    7 days ago

    Cabinet approves to amend Cinematograph Act, inserts penal provisions for unauthorized camcording & duplication of films

    In order to tackle the menace of film piracy Govt. has approved to introduce Cinematograph Amendment Bill, 2019. Under the Bill,…
    1 week ago

    Updates of RBI’s Sixth Bi-monthly Monetary Policy Committee

    Monetary Policy Committee (MPC) decides to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points…
    1 week ago

    RBI imposes monetary penalty to UCO, Axis and Syndicate Bank for the non- compliance

    RBI imposes monetary penalty of Rs. 2 Crores to UCO Bank and Axis Bank Limited for the non- compliance of Circular issued on January 22,…
    1 week ago

    LLP Compliance Calendar

    INTRODUCTION  This article covers the Mandatory Compliances to be followed by a LLP under Registrar of Companies, Ministry of Corporate…
    2 weeks ago

    MCA instructs “all specified companies” to submit details of outstanding dues to Micro or small enterprises suppliers on half yearly basis

    MCA issues Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019 (‘Order’). The respective order…
    2 weeks ago

    Approved resolution applicant are required to pay “performance security”, mandates IBBI

    IBBI issues The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2019 (‘ Principal Reg.’) wherein…
      Legal Updates
      15 hours ago

      RBI imposes monetary penalty on 7 banks for non-compliance

      RBI imposes monetary penalty on following 7 banks for non-compliance :- Sr. No Name of Bank Penalty amount (in ₹ Million) 1 Bank of…
      Competition Law
      2 days ago

      NCLT can initiate CIRP if High Court has not appointed official Liquidator & passed winding up order

      In Nuvoco Vistas Corporation Ltd. vs Maxout Infrastructures Pvt. Ltd. , NCLT held that it does not have any bar…
      Legal Updates
      4 days ago

      SEBI allows non-residents not to provide PAN for the transfer of equity shares of listed entities

      Under Schedule VII of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR”), SEBI has mandated both transferee(s) as well…
      Companies Law
      4 days ago

      Applicants under CIRP can raise ECBs from recognised lenders, except from the branches/ overseas subsidiaries of Indian banks

      RBI had issued New External Commercial Borrowings Policy (to be referred as “ECB Framework”) dated January 16, 2019 ( A.P. (DIR…