Consultation paper for disclosure requirements for issuance and listing Green Bonds The Board considered and approved the proposal for initiation of public consultation process for disclosure requirements for issuance and listing of Green Bonds, which are in line with the requirements as provided in Green Bond Principles as recommended by International Capital Market Association (ICMA).… Read More »
Delisting of Small Companies Delisting Regulations provide for simplified procedure of delisting for small companies and exempt them from the requirements of Chapter IV of the Delisting Regulations subject to certain conditions. Currently, one of such conditions is that the shares of the company have not been traded for the preceding one year. Based on… Read More »
Business Responsibility Reporting by Listed Entities SEBI has, vide circular dated August 13, 2012, mandated Business Responsibility Reporting (BRR) requirement for top 100 listed entities based on market capitalization in their annual reports. The key principles which are required to be reported by the entities include the areas such as environment, social, governance, stakeholder’s relationships,… Read More »
Securities and Exchange Board of India Deemed Public Issues Post April 01, 2014, any offer or allotment of securities shall be considered as public issue if the number of offerees / allottees exceeds 200 persons in a financial year under the Companies Act, 2013 as against the cap of 49 persons provided in the Companies… Read More »
As per the investors’ grievances data maintained by the Ministry of Corporate Affairs, action has been initiated against 319 Companies in 2012-13, 420 companies in 2013-14 and 2414 companies in 2014-15. This is an on-going process. Non-payment of dividend/interest on listed securities, pertaining to companies listed at stock exchanges is actionable under sections 11B/15C of… Read More »
Review of Companies Act The Companies Law Committee was constituted (Annexure-I) in fulfillment of an assurance made by the Corporate Affairs Minister during discussion on Companies (Amendment) Bill, 2014 in the Rajya Sabha in response to the concerns raised by Members in Rajya Sabha as well as for addressing issues raised by various stakeholders regarding… Read More »
Judicious use of CSR Resources While no CSR Compendium for the Corporates has been organised by the Ministry, the CSR provisions under the Companies Act, 2013, exhort eligible corporates to function in a socially responsible manner with the underlying spirit being to ensure use of scarce resources in a judicious manner for the greater good… Read More »
A company was formed on 4th February 2014 and has closed his first financial year on 31st March 2015. I would like to know till what time company can hold First AGM, whether it should be within 18 months from date of incorporation of company or within nine months from the date of close of… Read More »
As per the Circular No CIR/CFD/CMD/16/2015 Dated 30.11.2015 issued by Securities and Exchange Board of India To All Listed Entities who have listed their equity and convertibles All the Recognized Stock Exchanges Dear Sir/Madam, Sub: Schemes of Arrangement by Listed Entities and (ii) Relaxation under Sub-rule (7) of rule 19 of the Securities Contracts (Regulation)… Read More »
As per the Circular No CIR/CFD/CMD/16/2015 Dated 30.11.2015 issued by Securities and Exchange Board of India Format for Auditor’s Certificate To, The Board of Directors, …………………………………………………………….(Name and address of the Company) We, the statutory auditors of ……………………………. (name of the listed entity),(hereinafter referred to as “the Company”), have examined the proposed accounting treatment specified in… Read More »