GENRAL CORPORATE ADVISORY

GENRAL CORPORATE ADVISORY

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The Companies (Amendment) Ordinance, 2018: Key Highligh...

The Companies (Amendment) Ordinance, 2018 ("Ordinance") received the President of India’s assent bringing into force further amendments to certain provisions of the Companies Act, 2013 ("Act") with effect from November 2, 2018. The Ordinance promulgated is based on the recommendations made by acommittee appointed by the Government to review offences under the Act....
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New e-KYC form for Directors/Designated Partners notifi...

The Ministry of Corporate Affairs (“MCA”) vide its notification dated July 5, 2018 has notified the Companies (Appointment and Qualification of Directors) Fourth Amendment Rules, 2018 (“Rules”). The Rules shall come into force with effect from July 10, 2018. The Rules require that every person holding Director Identification Number (“DIN”) must get his KYC updated with the MCA within the due dates provided in the Rules....
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Indian companies having foreign investment to ensure re...

The Reserve Bank of India (“RBI”) has introduced a system of the Single Master Form (“SMF”) for foreign investment reporting. Significantly, the RBI now requires all Indian entities having foreign investment to provide an update of the total foreign investment by July 12, 2018....