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Swift e-Bulletin

Introduction

Edition 45th 21-22

Week –February 14th to February 18th

Quote for the week:

" Money's greatest intrinsic value—and this can't be overstated—is its ability to give you control over your time.”

– Morgan Housel, The Psychology of Money

We welcome you to our weekly newsletter!

The ‘Swift e-Bulletin’ - weekly newsletter, covers all regulatory updates and critical judgements passed during the week. We hope that you liked our previous editions and found it to be of great value in its content. We want this newsletter to be valuable for you so, please share your feedback and suggestions to help us improve.

Further, various regulatory authorities have been proactive in bringing significant regulatory changes in recent challenging times. This week’s newsletter covers various Circulars/notifications issued by certain regulatory authorities such as the Securities and Exchange Board of India (“SEBI”), Reserve Bank of India (“RBI”), Ministry of Corporate Affairs (“MCA”) and orders passed by the SEBI, High Court and Supreme Court.

The Regulatory authorities provided various updates/relaxations, some of which being:

  1. MCA issues Circular relaxing additional fees for filing e-forms AOC-4, AOC-4 XBRL, AOC-4(CFS), MGT7/7A for financial year ended March 31,2021.
  2. SEBI issues Press Release summarizing the outcome of board meeting.

We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week of February 14, 2022 to February 18, 2022.

 

Thank you,

Swift team


Table of Contents

REGULATORY UPDATES

MCA

  1. MCA issues Circular relaxing additional fees for filing e-forms AOC-4, AOC-4 XBRL, AOC-4(CFS), MGT7/7A for financial year ended March 31,2021

SEBI

  1. SEBI issues Press Release summarizing the outcome of board meeting dated February 15,2022
  2. SEBI issue Corrigendum to Master Circular for Depositories on opening of demat account in case of HUF
  3. SEBI issues Press Release where, union finance minister addresses board members of SEBI on February 15, 2022

RBI

  1. RBI issues clarification on new Definition of Micro, Small and Medium Enterprises
  2. RBI issues Notification regarding Regulations Review Authority (RRA 2.0) – Interim Recommendations – Online Submission of Returns

JUDGEMENT/ORDERS

SEBI Orders

  1. AO disposed the adjudication proceedings basis non availability of enough material against the alleged violation by Noticee

 

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About Swift

Swift India Corporate Services LLP (“Swift”) (Formerly known as SwiftIndiaInc Corporate Services Private Limited) established in the year 2005, is an associate entity of Nishith Desai Associates — Legal & Tax Counseling Worldwide (legal and tax consulting firm).

We are a team of professionals with rich corporate, legal and secretarial backgrounds. We are a premier corporate compliance firm that caters to the needs and demands of our global clients. Swift aims to provide quick and pragmatic corporate solutions alongside high-quality compliances.

  


 

Swift India Corporate Services LLP

 

Regd. Office: 91-92 B, Mittal Court, Nariman Point, Mumbai 400 021, India

LLPIN: AAH-4705, registered under the Limited Liability Partnership Act, 2008

Tel +91 22 6669 5000, Fax +91 22 6669 5001

 


www.swiftindiallp.com