Any defaulting LLP is permitted to file belated documents which were due for filing till 31st August, 2020 on or before 30th September, 2020 without any additional fees. The defaulting LLPs which have filed their belated documents till 30th September, 2020 and made good the default, shall not be subjected to prosecution by the Registrar for such defaults. This scheme shall not apply to LLPs which have made applications in Form 24 to the Registrar,…
The Act aiming to deter the offenders who are involving in economic offences amounting minimum Rs. 100 crores from evading the process of law in India by staying outside the jurisdiction of Indian courts. The bill has been cleared by Rajya Sabha and Lok Sabha on 25th July, 2018 and 19th July, 2018 respectively and received the assent of president on 31st July, 2018. [Source: Act notified in the gazette by Ministry of Law &…
LIC to acquire controlling stakes in IDBI The cabinet approves the acquisition of controlling stakes in IDBI Bank Limited by LIC. Cabinet also approves the reduction of the stake of GOI in IDBI Bank Limited below 50% and relinquishment of its management control in the Bank. [Source: Ministry of Finance vide Press release dated 1st August, 2018] RBI increase the Bank Rate RBI vide its notification dated 01st August, 2018 has adjusted the ‘Bank Rate’ by…
SEBI vide notification dated 8th June, 2018 has amended the SEBI (Registrars to an issue and Share Transfer Agent) Regulations 1993 to restrict the transfer of shares held in physical forms after 5th December, 2018. [Source: No. SEBI/LAD-NRO/GN/2018/25 dated 8th June, 2018]
