Corporate Updates – 12-10-2015

MCA:

MCA has made temporary changes in the payments options for making payment of LLP e-forms fees for filing of various forms. Accordingly stakeholders are requested to use only Online payment options (Credit/ Debit/ Prepaid Card/Net Banking) for making payment of MCA fee for LLP e-forms during 9-Oct-2015 to 18-Oct-2015. Offline payments through Bank Challan, Pay later and NEFT options will not be available during this period for LLP eForms. However, it will remain available for company e-forms and other MCA services.

SEBI:

SEBI has made a review of the capacity planning framework of stock exchanges and clearing corporations through the Technical Advisory Committee (TAC) of SEBI. Based on the recommendation of the committee, it has been decided to direct stock exchanges and clearing corporations to ensure the requirements while planning capacities of their trading, clearing and settlement and risk management related infrastructure. Accordingly, the installed capacity shall be at least 1.5 times (1.5x) of the projected peak load calculated in accordance with the revised guidelines. Stock exchanges and clearing corporations shall implement suitable mechanisms, including generation of appropriate alerts, to monitor capacity utilisation on a real-time basis and shall proactively address issues pertaining to their capacity needs. Further, the Stock exchanges and clearing corporations are directed to take necessary steps and put in place necessary systems for implementation of the circular, including necessary amendments to the relevant bye-laws, rules and regulations, within three months from the date of this circular.

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