Wednesday, 9 November 2016

UPDATES

MCA:

The Ministry of Corporate Affairs has amended the Companies (Registration Offices and Fee) Rules, 2014. These rules may be called the Companies (Registration Offices and Fee) Second Amendment Rules, 2016. According to amendment, Form AOC-4 certification by the Chartered Accountant or the Company Secretary or as the case may be by the Cost Accountant, in whole-time practice, substituted in rule 8 (12)(b) (Authentication of Documents) for sub-clause (iv). The fees for allotment and surrender of Director Identification Number under rule 11(f) of the Companies (Appointment and Qualification of Directors) Rules, 2014 also described in amendment rules. They shall come into force from the date of their publication in the Official Gazette.

SEBI:

The Securities and Exchange Board of India has issued consultation Paper proposing Amendments/ Clarifications to the SEBI (Investment Advisers) Regulations, 2013 and public comments were sought till November 04, 2016. Based on the representations received from various bodies/ associations/ etc., seeking extension of the timeline to furnish the comments/ suggestions, it has been decided to grant the time till November 30, 2016 for submitting the comments on the aforesaid consultation paper.