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Swift e-Bulletin

Introduction

Edition 10th 22-23

Week – June 06th to June 10th

Quote for the week:

“Risk more than others think is safe. Dream more than others think is practical.”                                                           

- Howard Schultz

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 Ministry of Corporate Affairs (“MCA”) and Securities and Exchange Board of India (“SEBI”). Reserve Bank of India (“RBI”) and orders from National Company Law Appellate Tribunal (“NCLAT”).

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

  1. MCA has amended the Companies (Removal of names of Companies from the Registrar of Companies) Amendment Rules 2016.
  2. SEBI has issued a Circular modifying Cyber Security and Cyber Resilience Framework of Mutual Funds/ Asset Management Companies (AMCs), Stockbrokers and Depository Participants.

We have prepared a comprehensive summary for quick reference of the aforesaid updates issued during the week of June 06th to June 10th 2022.

Thank you,

Swift team

Table of Contents

REGULATORY UPDATES

MCA

  1. MCA has amended the Companies (Removal of names of Companies from the Registrar of Companies) Amendment Rules 2016

SEBI

  1. SEBI has issued Circular modifying Cyber Security and Cyber Resilience Framework of Mutual Funds/ Asset Management Companies (AMCs), Stock Brokers and Depository Participants

RBI

  1. RBI issues notification for Discontinuation of Return under Foreign Exchange   Management Act, 1999

ORDERS

NCLAT

  1. NCLAT set aside the relief granted by NCLT, Chennai on grounds of Principles of Natural Justice

 

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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