Corporate Updates – 25-04-2016


Ministry of Corporate Affairs has notified new version of e-Forms of LLP Form 3 (Information with regard to limited liability partnership agreement and changes, if any, made therein), LLP Form 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 Form 8 (Statement of Account & Solvency) and LLP Form 15 (Notice for change of place of registered office) and INC-1 (Application for reservation of name), INC-7 (Application for Incorporation of Company (Other than OPC), DIR-3 (Application for allotment of Director Identification Number), MGT-6 (Persons not holding beneficial interest in shares) w.e.f 24th April, 2016. Stakeholders are advised to download the latest version before filing. Form- wise date of last version change is available at on the website of MCA.


To streamline procedures for issuance of debt securities on private placement basis, enhancing efficiency, transparency of the price discovery mechanism and improving liquidity in the secondary market, SEBI has made electronic book mechanism mandatory for all private placements of debt securities in primary market with an issue size of Rs.500 crores and above, inclusive of green shoe option, if any. Electronic book mechanism will be optional for the issues below Rs 500 crore, but the issuers will have to disclose the coupon, yield, amount raised, number of investors and category of investors to the Electronic Book Provider or to the information repository for corporate debt market, in the format specified by SEBI. The circular will be effective from July 1.

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