Corporate Updates – 04-09-2015

MCA – LLP:

MCA has notified new versions of eForm LLP – 4 (Notice of appointment, cessation, change in name/ address/designation of a designated partner or partner. and consent to become a partner/designated partner), LLP – 4A (Notice of appointment, cessation, change in particulars of a partners), LLP – 5 (Notice for change of name), LLP – 8 (Statement of Account & Solvency), LLP – 11 (Annual Return of Limited Liability Partnership), LLP – 23 Application for direction to Limited Liability Partnership (LLP) to change its name to the Registrar), LLP – 24 (Application to the Registrar for striking off name), LLP – 25 (Application for reservation/ renewal of name by a Foreign Limited Liability Partnership (FLLP) or Foreign Company), LLP – 27 (Form for registration of particulars by Foreign Limited Liability Partnership (FLLP)), LLP – 28 (Return of alteration in the incorporation document or other instrument constituting or defining the constitution; or the registered or principal office; or the partner or designated partner of limited liability partnership incorporated or registered outside India), LLP – 29 (Notice of (A) alteration in the certificate of incorporation or registration; (B) alteration in names and addresses of any of the persons authorised to accept service on behalf of a foreign limited liability partnership (FLLP) (C) alteration in the principal place of business in India of FLLP (D) cessation to have a place of business in India), LLP – 31 (Application for compounding of an offence under the Act) w.e.f 03-09-2015. 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:

SEBI has notified SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, after following the consultation process. A time period of ninety days has been given for implementing the Regulations. However, two provisions of the regulations, which are facilitating in nature, are applicable with immediate effect. These pertain to (i) passing of ordinary resolution instead of special resolution in case of all material related party transactions subject to related parties abstaining from voting on such resolutions, in line with the provisions of the companies Act, 2013, and (ii) re-classification of promoters as public shareholders under various circumstances. Further, regulations would consolidate and streamline the provisions of existing listing agreements for different segments of the capital market.

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