Corporate Newsletter
This newsletter aims to briefly discuss the key corporate law developments for the month of May 2021.
MCA
Ministry of Corporate Affairs (“MCA”) relaxes levying of additional fees in filing of certain forms under the Companies Act, 2013 and LLP Act, 2008.

May 03, 2021: Given the resurgence of COVID-19 pandemic, MCA vide its general circular number 06/2021 has granted additional time up to July 31, 2021 for companies/ LLPs More...

MCA relaxes timelines for filing forms related to creation or modification of charges.

May 03, 2021: Considering the difficulties faced by the stakeholders due to the COVID-19 pandemic, the MCA vide its general circular number 07/2021 has granted relaxation More...

MCA relaxes the time interval between two consecutive board meetings.

May 03, 2021: MCA vide its general circular number 08/2021 has relaxed the time interval under Section 173 of the Companies Act, whereby, the time interval between two More...

MCA provides further clarity on spending of CSR funds.

May 05, 2021: MCA, in continuation of circular number 10/2020 dated March 23, 2020, vide general circular number 09/2021, has further clarified that spending of corporate social More...

Pursuant to its circular number 06/2021 and 07/2021, MCA issues list of e-Forms which are relaxed from levy of additional fee, due to resurge of COVID-19 pandemic.

May 13, 2021: MCA has issued the list of following e-Forms pursuant to its general circular number 06/2021 and 07/2021, providing for waiver of additional fee. More...

MCA issues clarification on offsetting the excess CSR spent for FY 2019-20.

May 20, 2021: MCA vide its circular E-file number CSR-01/4/2021-CSR-MCA clarified that where a company has contributed any amount to ‘PM CARES Fund’ on March 31, 2020, More...

SEBI
Amendment to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

May 5, 2021: SEBI vide its circular number SEBI/LAD-NRO/GN/2021/22 amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 More...

SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2021.

May 5, 2021: SEBI vide circular number SEBI/LAD-NRO/GN/2021/18 introduced an amendment to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 More...

Amendment to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2021.

May 5, 2021: SEBI vide its circular number SEBI/LAD-NRO/GN/2021/19 introduced an amendment to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, More...

Business responsibility and sustainability reporting by listed entities.

May 10, 2021: SEBI vide circular number CIR/CFD/CMD/10/2015 dated November 4, 2015 had earlier prescribed the format for the Business Responsibility Report (BRR) for reporting More...

RBI
Amendment to the Master Direction on KYC.

May 10, 2021: The Reserve Bank of India (“RBI”) vide notification RBI/2021-22/35 DOR.AML.REC.No.15/14.01.001/2021-22 amended the Master Direction on KYC dated More...

Customer due diligence for transactions in Virtual Currencies.

May 31, 2021: RBI vide notification RBI/2021-22/45 DOR. AML.REC 18 /14.01.001/2021-22 has notified that its notification dated April 06, 2018 (Prohibition on dealing in Virtual More...

AUTHORS
Nusrat Hassan Yosham Vardhan Ankit Agarwal
Co-Managing Partner Associate Partner Senior Associate
nusrat@linklegal.in yosham.vardhan@linklegal.in ankit.agarwal@linklegal.in
Abhinav Anand Advait Borade
Associate Associate
abhinav.anand@linklegal.in advait.borade@linklegal.in
FIRM NEWS
  • 'Ipso Facto' Termination in India: Valid or Invalid? Read More
  • Personal Guarantors Liable for Corporate Debts. Read More
  • Link Legal advises The One Off India Limited based in UK on its 50:50 joint venture with Bentel Associates LLP. Read More
  • Link Legal advises RIB Group in an inter-se transfer of shares of Winjit Technologies Private Limited. Read More
  • A warm welcome to Pradnesh Warke who has joined as an Associate Partner in the Firm focusing on Healthcare, Life Sciences and Agriculture in Mumbai. Read More
  • A warm welcome to Pushkar Bavare who has joined as an Associate Partner in the Firm's Banking and Project Finance practice in Mumbai. Read More
  • Link Legal in collaboration with FTI Consulting organised an interactive “Knowledge Session on Damages.” Read More
  • Webinar Recording | LIDW21: A view from London and India. Read More
  • Virtual Leadership Session "Strategic outlook on access to Green Financing". Read More
  • Power to be exercised sparingly by High Courts. Read More
  • Managing Partner, Atul Sharma in conversation with BW Legal World. Read More
  • Presence of an arbitration clause does not oust the jurisdiction under Article 226: Supreme Court reiterates. Read More
AWARDS AND RECOGNITIONS
  • Winner in Aviation, Energy & Natural Resources and Infrastructure & Project Finance at India Business Law Journal’s 2021 Indian Law Firm Awards.
  • M&A Law Firm of the Year and Insolvency & Bankruptcy Code Law Firm of the Year Awards at The IDEX Legal Awards 2021.
  • Infrastructure & Project Finance Law Firm of the Year Award at Legal Era Indian Legal Awards 2020-21.
  • Ranked in the India Loans League Table Report FY 2020-21 published by Debtwire (Acuris).
  • Ranked Law Firm in the Media Law International 2021 ranking.
  • Ranked as one of the Top 15 Law Firms in India in Private Equity League Table by Venture Intelligence (Q1 2021).
  • Ranked as one of the Top 15 Law Firms in India in M&A and Private Equity League Tables by VCCEdge (Q1 2021).
  • Capital Markets Law Firm of the Year Award at BW Legal World Global Legal Leaders Awards 2020.
  • Firm has featured amongst winners of ‘Deals of the Year 2020’ under M&A and Joint Ventures in India Business Law Journal's Deals of the Year 2020 report.
  • Winner of the ‘Utility Deal of the Year’ Award at The Asset Triple A Infrastructure Awards 2020.
  • Ranked #15 in Top Ranked Law Firms: India by Top Ranked Legal 2020 for Aviation, Banking & Finance, Competition/ Antitrust, Corporate/ M&A and Dispute Resolution.
  • Recognised as one the Largest Law Firms in India in Asian Legal Business' Asia's Top 50 Largest Law Firms list.
  • Recognised as one of the ‘Best Brands’ at the Economic Times - Best Brands Summit 2019.
  • Ranked #14 among top 40 Indian Law Firms by RSG Consulting, 2019.
  • Ranked highly in various practice areas such as Aviation, Projects, Infrastructure, Energy, Construction, Banking & Finance, Corporate and M&A, Dispute Resolution, International Arbitration, Competition/ Antitrust, Restructuring & Insolvency, Capital Markets, Labour & Employment, Private Equity, Real Estate, TMT, etc. by Chambers and Partners, The Legal 500, RSG, Benchmark Litigation, India Business Law Journal, Asian Legal Business, IFLR1000, asialaw, among others.
  • Partners of the Firm highly ranked by leading global publications including Chambers and Partners, The Legal 500, Benchmark Litigation, India Business Law Journal, Asian Legal Business, IFLR1000, asialaw, among others.

Disclaimer

The contents of this newsletter are intended for information purposes only. Parts of this newsletter are based on news reports and have not been independently verified. The newsletter is not in the nature of a legal opinion or advice and should not be treated as such. Link Legal does not warrant the accuracy and completeness of this newsletter, and readers are encouraged to seek professional advice before acting upon any of the information provided therein. In no event will Link Legal be liable for any loss whatsoever arising out of the use of or reliance on the contents of this newsletter. This newsletter is the exclusive copyright of Link Legal and may not be circulated, reproduced or otherwise used by the intended recipient without the prior permission of its originator.

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