MCA:
MCA has notified the revised e-Forms relating to creation and satisfaction of Charge – Form CHG-1 (Application for registration of creation, modification of charge other than those related to debentures), Form CHG-4 (Particulars for satisfaction of charge) and Form CHG-9 (Application for registration of creation or modification of charge for debentures or rectification of particulars filed in respect of creation or modification of charge for debentures) are likely to be revised on MCA21 Company Forms Download page shortly. Stakeholders are advised to check the latest version before filing. The said Forms are available on MCA’s website under Forms & Downloads section.
RBI
RBI with a view to provide operational flexibility to multinational entities and their Indian subsidiaries exposed to currency risk arising out of current account transactions emanating in India, the extant hedging guidelines have been amended. Necessary amendments to Foreign Exchange Management (Foreign Exchange Derivatives Contracts) Regulations, 2000 have been notified in the Official Gazette which shall be come in to force from the date of their publication in the Official Gazette. Further, a non-resident may enter into a foreign exchange derivative contract with an Authorised Dealer bank in India to hedge an exposure to exchange risk of and on behalf of its Indian subsidiary in respect of the said subsidiary’s transactions subject to such terms and conditions as may be stipulated by the Reserve Bank from time to time.
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