MCA to launch the new forms in updated version-3
MCA is launching Second set of Company Forms covering 56 forms in two different lots on updated version (3)
AGMs and EGMs can be conducted through Video Conferencing
Extra-Ordinary General Meetings (‘EGMs’) and Annual General Meeting (‘AGM’) due to be held in the year 2023, through video conferencing till 30th September 2023 (as against the earlier deadline of 31st December 2022).
Companies (Registered Valuers and Valuation) Rules, 2017
In exercise of the powers conferred by section 247 read with section 458,459 and 469 of the Company’s Act, 2013, the Central Government hereby makes the following rules further to amend the Companies (Registered Valuers and Valuation) Rules, 2017
Late Submission Fee for delays under FEMA
The Late Submission Fee (LSF) was introduced for reporting delays in Foreign Investment (FI), External Commercial Borrowings (ECBs) and Overseas Investment related transactions
Companies (Specification of Definition details) Amendment Rules 2022
MCA has issued Companies (Specification of Definition details) Amendment Rules 2022.
Insolvency Resolution Process for Corporate Persons
IBBI prescribes minimum fees and performance incentive for Interim Resolution Professionals(IRPs)/ Resolution Professionals(RPs) under CIRP Regulations. IBBI has notified the defined fee structure payable to IRPs and RPs who are appointed on or after 1st October 2022.
Foreign Exchange Management (Overseas Investment) Regulations, 2022
The Indian entity may lend or invest in any debt instrument issued by a foreign entity or extend non-fund based commitment to or on behalf of a foreign entity including overseas step down subsidiaries of such Indian entity subject to the following conditions within the financial commitment limit as prescribed in the Foreign Exchange Management (Overseas Investment) Rules, 2022.
Legal Entity Identifier (LEI) for Borrowers
All non-individual borrowers enjoying aggregate exposure of ₹5 crore and above from banks and financial institutions (FIs) shall be required to obtain LEI codes as per the timeline given below.
