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Swift e-Bulletin

Introduction

Edition 20th 22-23

Week – August 15th to August 19th

Quote for the week:

“A successful business requires one simple thing: Passion”

– Teresa Collins.

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 and Exchange Board of India (“SEBI”) and orders passed by the SEBI and Supreme Court.

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

  1. MCA vide notification dated August 18, 2022 issued the Companies (Incorporation) Third Amendment Rules, 2022.
  2. SEBI vide circular dated August 17, 2022 details out the guidelines for overseas investments by Alternative Investment Funds (AIFs)/ Venture Capital Funds (VCFs).

We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week of August 15 to August 19, 2022.

 

Thank you,

Swift team

Table of Contents

REGULATORY UPDATES

MCA

  1. MCA vide notification dated August 18, 2022 issued the Companies (Incorporation) Third amendment rules 2022

SEBI

  1. SEBI vide circular dated August 17, 2022 details out the guidelines for overseas investments by Alternative Investment Funds (AIFs)/ Venture Capital Funds (VCFs)

JUDGEMENTS AND ORDERS

SEBI

  1. In the matter of Titan Company Limited, the SEBI imposed penalty of INR.1,00,000/ on Noticee for violation of provisions of PIT regulations

SUPREME COURT

  1. Section 12A of the Commercial Courts Act, 2015 was considered mandatory by the Supreme Court in case of question whether the Statutory pre-litigation mediation be contemplated

 

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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