Corporate Updates – 02-12-2015


MCA has modified the versions of e-Form DIR-3 (Application for allotment of Director Identification Number), DIR-6 (Intimation of change in particulars of Director to be given to the Central Government), FC-4 (Annual Return of a Foreign company), MGT-14 (Filing of Resolutions and agreements to the Registrar), INC-7 (Application for Incorporation of Company), INC-22 (Notice of situation or change of situation of registered office), SH-7 (Notice to Registrar of any alteration of share capital), INC-29 (Integrated Incorporation Form), DIR-12 (Particulars of appointment of Directors and the key managerial personnel and the changes among them), and CHG-1 (Application for registration of creation, modification of charge (other than those related to debentures) w.e.f 2nd December, 2015. Only new version of the eForm will be acceptable. Stakeholders are requested to plan accordingly and ensure that you have downloaded the latest version for filing and uploading the latest version only. Form-wise date of last version change is available at on the website of MCA.


SEBI in order to bring in transparency and promote orderly conduct in the market, has decided to Introduce system-drivendisclosures in securities market which shall be implemented in phases. In the first phase, the systems shall disclose the changes in shareholding of promoter/promoter group of the listed entities. The disclosures in the first phase shall pertain to acquisition/disposal of equity shares by promoters/promoter group based on specified thresholds under the SAST Regulations and PIT Regulations and pledge of equity shares by promoters/promoter group under the SAST Regulations. Initially, this system would run in parallel with the existing system i.e. the promoters/promoter group shall continue to comply with the disclosure obligations as applicable to them. Based on the experience gained in the first phase, subsequent phase(s) would be implemented to include the information for non-promoters and instruments other than equity shares. The listed entities, RTAs, Depositories and Exchanges shall make necessary arrangements in their systems such that the first phase is implemented from January 01, 2016.

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