Corporate Updates – 23-02-2017


SEBI has increased the Prudential limits in sector exposure for Housing Finance Companies (HFCs). Presently, the guidelines for sectoral exposure in debt oriented mutual fund schemes put a limit of 25% at the sector level and an additional exposure not exceeding 10% (over and above the limit of 25%) in financial services sector only to HFCs. In light of the role of HFCs especially in affordable housing and to further the Government’s goal under Pradhan Mantri Aawas Yojana (PMAY), it has now been decided to increase additional exposure limits provided for HFCs in financial services sector from 10% to 15%.


MCA has revised the versions of eForm – SPICe Form MoA (Form for filing eMemorandum of Association), SPICe Form AoA (Form for filing eArticles of Association) and SH-11 (Return in respect of buy-back of securities) are likely to be revised on MCA21 portal. The revised forms will be available on the portal on the portal of MCA w.e.f 26th February, 2017.. All the stakeholders are advised to check the latest version of the form before filing.

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