Introduction

Edition 37th 22-23

Week – December 26th to December 30th

Quote for the week:

“If you think you’re going to crash, step on the pedal harder.”

– Suga.

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 various regulatory authorities such as the Ministry of Corporate Affairs (“MCA”).

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

1. MCA vide Circular dated September 28, 2022 issued a clarification on ordinary and special resolutions passed by the company under Companies Act and rules made pursuant to Covid-19.

We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week of December 26th to December 30th, 2022.

Thank you,

Swift team

Table of Contents

REGULATORY UPDATES

MCA

1. MCA vide Circular dated December 28, 2022 issued a clarification on ordinary and special resolutions passed by the company under Companies Act and rules made pursuant to Covid-19
2. MCA vide circular dated December 28,2022 issued clarification of holding of Annual General Meeting (“AGM”) through Video Conference (“VC”) and Other Audio Visual Means (“OAVM”)