Corporate Updates – 26-12-2016


SEBI has issued circular regarding filing of forms PAS-4 and PAS-5 in case of issuance of Debt Securities on private placement basis. As a green initiative, it has been decided that with immediate effect, that all issuers proposing to issue debt securities on private placement basis in regards to filing of forms PAS-4 and PAS-5, shall be filed with SEBI {as prescribed in Rule 14(3) of Companies (Prospectus and Allotment of Securities Rules), 2014} in soft copy in PDF format only, in a compact disc.


The Central Government has delegated certain powers to the Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad and Shillong, the powers and functions vested in it under the sections of the companies act, 2013, subject to the condition that the Central Government may revoke such delegation of powers or may itself exercise the powers under the said sections, if in its opinion such a course of action is necessary in the public interest.

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