Introduction

Edition 11th 22-23

Week – June 13th to June 17th

Quote for the week:

“Always deliver more than expected”

– Larry Page.

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 Ministry of Corporate Affairs (“MCA”), Securities Board of India (“SEBI”) and orders passed by the SEBI, and High Court.

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

1. MCA vide notification dated June 10, 2022 amended the Companies (Appointment and Qualification of Directors) Rules 2014
2. SEBI vide circular dated June 15, 2022 issued guidelines on Nomination for mutual fund unit holders.

We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week of June 13th to June 17th, 2022.

Thank you,

Swift team

Table of Contents

REGULATORY UPDATES

MCA

1. MCA vide notification dated June 10, 2022 amended the Companies (Appointment and Qualification of Directors) Rules 2014

SEBI

1. SEBI vide circular dated June 15th, 2022 issued guidelines on Nomination for mutual fund unit holders

JUDGEMENTS AND ORDERS

SEBI

1. In the matter of Tirupati Fincorp Limited, the Adjudication proceedings by SEBI against the Noticee was disposed of

HIGH COURT

1. Delhi high court disposed of the petition by not expressing any opinion on the merits of the case given by the trial court