Corporate Updates – 01-09-2015


MCA has released the amendments to the Companies (Management and Administration) Rules, 2014 which may be called the Companies (Management and Administration) Amendment Rules, 2015 and shall come into force on the date of their publication in the Official Gazette. For the purpose of Special Notice under the provisions of Section 115 of the Companies Act, 2013, the eligibility criteria has been changed and accordingly in Rule 23(1) for the words "not more than five lakh rupees", the words not less than five lakh rupees’ shall be substituted. Further, the contents of Form No. MGT-7, has been revised and substituting in place of the earlier released Form. E-version of Form MGT – 7 is yet to be released for the purpose of filing Annual Return under the provisions of Section 92 of the Companies Act, 2013.

Bombay Stock Exchange (BSE):

BSE has changed the head of Payment of SEBI Turnover Fees of Equity Segment/Equity Derivative/Currency Derivatives Segment/Interest Rate Derivatives/New Debt Segment. Trading members of the Exchange are hereby informed that the SEBI Turnover fee for the month ended will be debited to their respective settlement (valan) account by the 3rdworking day of the next month. Members are requested to note that SEBI Turnover Fees will no longer be a part of the Settlement Obligation (Valan). It will be debited separately from the members settlement account with appropriate narration against the entry. In view of the above, the members are requested to ensure that sufficient funds are available in their settlement account (valan account) for the purpose of payment of SEBI Turnover Fees.

Speak Your Mind