Corporate Secretarial

Investigations in Public Interests and Into Ownership Under Companies Act: An Overview

Investigations in Public Interests and Ownership Under Companies Act

Background Recently, the Ministry of Corporate Affairs (“MCA”) launched an investigation into the affairs of Hero MotoCorp Limited under Section 210(1)(c) read with Section 216 of the Companies Act, 2013 (“2013 Act”). This development makes it germane to understand what these powers entail and the consequences thereof. Necessary In Public Interest Section 210(1)(c) of the …

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Direct International Listing Enabled for Indian Firms via GIFT City

Direct International Listing Enabled for Indian Firms via GIFT City

Indian Companies Permitted Direct Listing on International Exchanges Gift The Ministry of Finance (“MOF”), in exercise of its powers under Sections 46 (2) (aa) and 46 (2) (ab) of the Foreign Exchange Management Act, 1999 (“FEMA Act”) has amended the provisions of the  Foreign Exchange Management (Non-debt Instruments) Rules, 2019   (“FEMA   Rules”),   …

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new mandatory dematerialization norms for private companies

New Mandatory Dematerialization Norms for Private Companies

In a significant move aimed at enhancing corporate governance practice among Indian companies, the Ministry of Corporate Affairs on October  27, 2023  notified an amendment to the Companies (Prospectus and Allotment of Securities) Rules, 2014, and has subjected private companies to norms of mandatory dematerialization of shares. Following are the key aspects of the amendment: …

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Sebi To Regulate Fractional Ownership Platforms

Sebi To Regulate Fractional Ownership Platforms

Investment in real estate is often capital intensive which requires considerable market knowledge. Not every investor has the appetite or knowledge for such investment. Furthermore, the past decade has shown considerable growth and returns in the commercial real estate market with people investing in real estate other than owning their home. This trend has given …

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