Entries by Staff Publication

Checkpoints for filing e-form DIR 3 KYC

By Simran Jalan (corplaw@vinodkothari.com) Introduction: Pursuant to the Rule 12A and 11(2) and (3) of the Companies (Appointment and Qualification of Directors) Rules, 2014, every individual who are holding DIN/DPIN shall submit an e-form DIR 3 KYC to the Central Government on or before 31st August, 2018 for the purpose of updating the personal identification […]

Co-lending arrangement between Banks and NBFCs for PSL

By Simran Jalan (finserv@vinodkothari.com) Introduction The Reserve Bank of India (RBI), in its press release on ‘Statement on Developmental and Regulatory Policies’ dated August 1, 2018[1], sets out various policy measures. One of the initiatives introduced relates to co-origination of loans by the banks and NBFCs for lending to the priority sector. Before delving into […]

Abridged Board’s Report for Small Companies and OPC

By Simran Jalan (corplaw@vinodkothari.com) Background: MCA vide its notification dated July 31, 2018[1] has brought the Companies (Accounts) Amendment Rules, 2018 which broadly deals with two changes: Additional disclosures for companies other than small companies and OPCs; Abridged list of contents for small companies and OPCs Even though the aforesaid amendment in the said Rules […]