Corporate Law Daily
Dear Reader,
Today’s newsletter analytically summarizes the top Corporate Law stories reported at taxmann.com.
The MCA has decided to further extend the timeline and allow Limited Liability Partnership (LLPs) to file e- Form 11 (Annual Return) for the financial year 2021-22 without paying additional fees up to 15.07.2022. Earlier, MCA extended the timeline for filing annual returns till 30.06.2022. As per Section 35, every LLP is required to file an annual return duly authenticated with the Registrar within 60 days of the closure of its Financial Year.
The SEBI, in its board meeting, has decided to allow FPIs to participate in the Exchange Traded Commodity Derivatives market to enhance liquidity and market depth. Further, the board considered and approved the amendments to the SEBI (Portfolio Managers) Regulations, 2020, to enhance prudential norms for investments by portfolio managers including investments in associates/ related parties. Also, the board approved the SEBI Annual Report: 2021-22.
The Board approved an amendment to SEBI (Mutual Funds) Regulations, 1996 to remove the applicability of the definition of "associate" as per the said regulations to such sponsors, which invest in various companies on behalf of the beneficiaries of insurance policies or such other schemes as may be specified by the Board from time to time. Further, the board approved the amendments to the SEBI (Portfolio Managers) Regulations, 2020, to enhance prudential norms for investments by portfolio managers including investments in associates/ related parties. ?
The Board considered and approved the proposals for making amendments to the provisions of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 to align the provisions of the SECC regulations with those of the RBI Central Counter Party Directions, 2018. ?
In respect of the requirements of the RBI’s Directions for Central Counterparties and the Payment and Settlements Systems Act, 2007 (PSS Act) administered by RBI, the Board considered and approved the following proposals: ?
That’s it from us for today! Stay Tuned for more updates from?Taxmann.com
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