Dear Professional Colleagues, The Insolvency and Bankruptcy Code, 2015 was introduced in the Lok Sabha on 21 December 2015. The Code was referred to a Joint Committee of Parliament on 23 December 2015 and recommended by the Committee on 28 April 2016. The Code was passed by the Lok Sabha on 5 May 2016 and by the Rajya Sabha on 11 May 2016. The Code received assent from President on 28 M......

Dear Professional Colleagues, In this write up, I am sharing the Highlights of the Companies Amendment Bill, 2017, Hope it will be fruitful for all of you. The Companies (Amendment) Bill, 2017 is passed by Lok Sabha and Rajya Sabha on 27th July 2017 and 19th December, 2017 respectively. It shall come into force on getting the President’s assent. Broadly Aimed At:- Difficulties in im......

As per Regulation 27(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a Quarterly Compliance Report on Corporate Governance is required to be submitted to the Stock Exchanges within 15 days from the close of quarter in the prescribed formats. The report has to be signed either by the Compliance Officer or the Chief Executive Officer of the Company. As per Regula......

Uday Kotak Committee Recommendations on [SEBI (LODR) Regulation, 2015] The SEBI has formed a committee on 2nd June,2017 under the chairmanship of Mr. Uday Kotak with the aim of improving standards of corporate governance of listed companies in India. The committee has submitted its report on 5th October,2017. In my this article, I am sharing the highlights of the committee recommendat......

Dear Professional Colleagues, As we all know that Corporate can raise their capital by various modes like Initial Public Offer, Right Issue, Private Placement. IPO can be made through Fixed Price method and Book Building method or both. In this article I am sharing my knowledge about Book Building process. WHAT IS BOOK BUILDING? Book Building is a mechanism, in which the book of offer is open ......

The IEPF (Accounting, Audit, Transfer and Refund) Rules, 2016 has been further amended by the MCA, “w.e.f”13th October, 2017, now these rules called IEPF (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2017. Following are the amendments made:- COMPARATIVE ANALYSIS RULES EARLIER PROVISIONS NEW PROVISIONS Rule 6 (1) (a) Pursuant to sec......

Secretarial Audit is a process to check compliances with the provisions of all applicable laws and rules/regulations/procedures and adherence to good governance practices. According to sec 204 of the Companies Act 2013, Secretarial Audit is mandatory for every listed company and companies belonging to other prescribed class of companies. As per rule 9 of the Companies (Appointment and Remunerati......

Dear Professional Colleagues,Buy-back is a procedure by which company reduce its share capital by purchasing its own shares from the market. According to sec 68(1) of the Companies Act, 2013 a company whether private or public may purchase its own shares or other specified securities out of:- its free reserves; the securities premium account; the proceed of any shares or other speci......

Introduction: GST is an indirect tax imposed on goods and services throughout India to replace taxes levied by central and state governments. It is a multi-stage, destination based tax that will be levied on every value addition. GST is a tax on goods and services with comprehensive and continuous chain of set-off benefits from the producer’s point and service provider point up to the retai......

According to sec 42(1) of the Companies act 2013, Private Placement means offer of securities or invitation to subscribe securities to a selected group of persons by a company (other than by way of public offer) through issue of offer letter. Private placement shall be made only to such persons whose names are recorded by the company prior to the invitation to subscribe and that such person shall......

Private equity is way to invest in some publicly traded assets with the intention of taking it private. Private equity funds invest in liquid assets i.e companies. Private equity consists of investor and funds that make investments directly into private companies or conduct buyout of public companies that result in delisting of public equity. The private equity raised funds from angel investors,......

The concept of Insider trading is regulated by SEBI (Prohibition on Insider Trading) Regulations, 1992. As per sec 195 of the Companies Act 2013, No person including any director or KMP of a Company shall enter into insider trading except any communication required in the ordinary course of business or profession or under any law. Meaning of Insider Trading:- Insider trading means an act of buy......

All about Foreign Exchange Management: In simple words foreign exchange management means the management of generation, use and storage of foreign currencies. Foreign exchange is the largest financial market in the world. Every firm and individual operating in international environment is concerned with foreign exchange i.e the exchange of foreign currency into domestic currency and vice-versa. Ea......

Dividend means the profit of a company, which is not retained in the business and distributed among the shareholders in proportion to the amount paid up on the shares held by them. Dividends are usually payable for a financial year after the final accounts are ready and the amount of distributional profits is available. Dividend are payable only if it is declared by the company at its annual gene......

Bonus is a gift given by the company to its shareholder. Bonus issue is a way through which company gives a free offer of shares to its existing shareholders in proportion to their holdings. It is a further issue of share by a company to its existing shareholders without receipt of any consideration. The basic principal behind bonus issue is that the total number of shares increases with the cons......