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COMPANIES ACT AMENDMENTS

MCA Updates
MCA has made some recent amendments which are as under:
- Amends Companies (Appointment and Qualification of Directors) Rules to provide that JV, WOS and dormant unlisted public companies need not have independent directors - http://lunawat.com/Uploaded_File...
- Amends Schedule IV - Code for Independent Directors - http://lunawat.com/Uploaded_File...
- Amends NCLT Rules to insert Rule 87A for appeal to Tribunal u/s 252 - http://lunawat.com/Uploaded_File...
- Issues Companies Removal of Difficulties Order for voluntary winding of company commenced under companies Act 1956 pursuant to applicability of related sections under 2013 Act - http://lunawat.com/Uploaded_File...
- Amends Companies (Transfer of Pending Proceedings) Rules for giving effect to removal of difficulty order regarding voluntary winding up - http://lunawat.com/Uploaded_File...
SPICe form has been recently revisied on MCA21 Company Forms download page. Stakeholders are advised to check the latest version before filing.
Form GNL- 3 & INC -22 Were recently revisied on MCA21 Company Forms download page. Stakeholders are advised to check the latest version before filing.
DIR-5 ( Application for surrender of DIN ) has been notified and deployed as an eform for filing purposes. Stakeholders who wish to surrender DINs shall required to file this eform instead of it hitherto being filed as attachment to form RD-1. Please plan accordingly.
Hope this updates may be helpful..l

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No. SEBI/LAD-NRO/GN/2017-18/013 dated 25th July 2017 issued by SEBI In exercise of the powers conferred by Section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with Section 25 of the Depositories Act, 1996 (22 of 1996), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996, namely 1. These Regulations may be called the Securities and Exchange Board of India (Depositories and Participants) (Second Amendment) Regulations, 2017. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996, in Regulation 58, for sub-regulation (3), the following shall be substituted- (3) Within fifteen days of receipt of the application, the depository shall after concurrence of the pledgee through its participant, create and record