Corporate Updates – 11-05-2017


MCA has revised the versions of eFormsForm DIR-3C (Intimation of Director Identification Number by the company to the Registrar DIN services) and Form RD – 1 (Applications made to Regional Director) are being revised w.e.f. 11th May, 2017 (Today). All the stakeholders are advised to check the latest version of the form before filing.


SEBI has issued Circular and has directed all the Mutual Fund Companies to provide Instant Access Facility and e-wallet facility for investment in Mutual Funds. IAF (Instant Access Facility) facilitates credit of redemption proceeds in the bank account of the investor on the same day of redemption request. IAF shall be allowed through online mechanism and only for resident individual investors subject to the fulfillment of the conditions mentioned in this circular. Further, with an objective to promote digitalization, MFs/AMCs can accept investment by an investor through e-wallets (Prepaid Payment Instruments (PPIs)) subject to the conditions mentioned in this circular. MFs/ AMCs shall ensure that total subscription through e-wallets for an investor is restricted to INR 50,000/-per MF per financial year.

News from NIRC of ICSI

NIRC is organising a Workshop on "BOARD REPORT & CSR" on Saturday, the 13th May, 2017 (Registration starts at 9.00 AM) from 10.00 am onwards at Auditorium, ICSI-NIRC Building, 4, Prasad Nagar Institutional Area, New Delhi. Fee : Rs. 500/- for all participants including Corporate Members of NIRC; Online Payment/Registration Facility Available; Program Credit Hours: 04.

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