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Swift e-Bulletin

Introduction

Edition 38th 21-22

Week – December 27th to December 31st

Quote for the week:

A big business starts small

Richard Branson

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 Securities and Exchange Board of India (“SEBI”) and International Financial Service Center Authority (“IFSCA”), and critical judgements and orders passed by the National Company Law Tribunal (“NCLT”), High Court and Supreme Court.

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

  1. SEBI issue circular on non- compliance with provisions related to continuous disclosure.
  2. MCA extends relaxation on levy of additional fee of annual filings for financial year 2020-21.

We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week of December 27, 2021 to December 31, 2021.

 

Thank you,

Swift team

 


REGULATORY UPDATES

  1. MCA extends relaxation on levy of additional fee of annual filings for financial year 2020-21 vide General Circular dated December 29, 2021
  2. SEBI issues Circular on non- compliance with provisions related to continuous disclosure vide Circular dated December 29, 2021

IFSCA UPDATES

  1. IFSCA issues Circular dated December 31, 2021 on Non – Applicability or Withdrawal of some circulars / directions previously issued / adopted by the Authority

JUDGEMENTS/ ORDERS

  1. SEBI imposed penalty on Noticee on default for no making disclosure under PIT Regulations 

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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