Corporate Updates – 28-10-2016


MCA has finally issued the much awaited circular for extension of last dates for filing of Annual Filing Forms. MCA has granted relaxation of additional fees and extension of last data of filing of E-Forms AOC-4, AOC-4 XBRL, AOC – 4 CFS and MGT-7 under the Companies Act, 2013 upto 29th November, 2016. The additional fee requirement for MGT-7 E-Form is also relaxed for all such forms filed till 29th November, 2016, wherever additional fee is applicable. This circular is applicable to all types of companies required to file their returns under the Companies Act, 2013.


SEBI has issued a circular Freezing ofPromoter and Promoter group Demat accounts for Non compliance with certain provisions of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015. SEBI has been observed that some of the non-compliant listed entities have not paid the fines levied by the recognized stock exchange(s). In order to ensure effective enforcement, it has been decided in consultation with recognized stock exchanges to freeze the holdings of their promoters and promoter group entities in the prescribed manner and in case of non-compliance for two consecutive periods, the entire shareholding of the promoter and promoter group in such listed entity shall be freeze. The depositories, shall furnish to the exchange upon receipt of request, all such information pertaining to holdings in the demat accounts of promoter and promoter group of such listed entities. This circular shall come into force with immediate effect. The circular shall be applicable to all fines outstanding on or after the date of this circular.

News from NIRC of ICSI

Registration open for Regional PCS Conference of NIRC of ICSI on the theme "PCS – EMPOWER, EMERGE & EXCEL” to be held on November 05-06, 2016 from 10.00 AM Onwards (Saturday& Sunday) at Hotel Amar, Taj Ganj, Agra (UP). Fees : Rs. 2,250/- per delegate; Rs. 1,500/- for Corporate Members of NIRC and Free for Corporate Members of NIRC (Delhi & Chapters); Program Credit Hour: 8. Limited accommodation available; For Online Registration, Click here.

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