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Swift e-Bulletin

Introduction

Edition 8th 22-23

Week – May 23rd to May 27th

Quote for the week:

“Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway.”                                                           

—Earl Nightingale

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 Reserve bank of India (“RBI”), Securities and Exchange Board of India (“SEBI”) and orders passed by the NCLAT, SEBI, High Court and Supreme Court.

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

  1. SEBI issues Circular on simplification of procedure and standardization of formats of documents for issuance of duplicate securities certificates.
  2. MCA issues Circular granting relaxation on paying additional fees in case of delay in filing of Form 11 (Annual Return) by Limited Liability Partnership.

We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week of May 23, 2022 to May 27, 2022.

 

Thank you,

Swift team

Table of Contents

REGULATORY UPDATES

MCA

  1. MCA issues Circular granting relaxation on paying additional fees in case of delay in filing of Form 11 (Annual Return) by Limited Liability Partnership

SEBI

  1. SEBI issues Circular on simplification of procedure and standardization of formats of documents for issuance of duplicate securities certificates

JUDGEMENTS AND ORDERS

SEBI Order

  1. In the matter of Tirupati Fincorp Ltd. SEBI imposed penalty of INR. 5 Lakh on Noticee for violation of Listing Agreement read with the LODR Regulations

NCLAT

  1. NCLAT dispose of the appeal in the matter of Aegis Educational Society Versus Ravi Kapoor, Resolution Professional

HIGH COURT

  1. Mehra Jewel Palace files application seeking a summary judgement for the rental amount along with litigation and future interest

 

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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