“Corporate Compliance Calendar for the m/o February, 2022”

"Corporate Compliance Calendar for the m/o February, 2022"

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“Corporate Compliance Calendar for the m/o February, 2022″

About ARTICLE:
This article contains various Compliance requirementsfor the Month of February, 2022under various Statutory Laws. Compliance means “adhering to rules and regulations.”Compliance is a continuous process of following laws, policies, and regulations, rules to meet all the necessary governance requirements without any failure.
 
If you think compliance is expensive, try non compliance”
Compliance Requirement Under
  1.  Income Tax Act, 1961
  2. Goods & Services Tax Act, 2017 (GST)and Important Updates / Circulars
  3. Companies Act, 2013 & LLP Compliance (MCA/ROC Compliance) and Notifications
  4. Foreign Exchange Management Act, 1999 (FEMA) and Important Notifications
  5. Other Statutory Lawsand Updates
  6. SEBI (Listing Obligations &DisclosureRequirements) (LODR) Regulations, 2015
  7. SEBI Takeover Regulations 2011
  8. SEBI (Prohibition of Insider Trading) Regulations, 2015
  9. SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
  10. SEBI (Buyback of Securities) Regulations, 2018
  11. SEBI (Depositories and Participants) Regulations 2018) and Circulars
  12. Insolvency and Bankruptcy Board of India (IBBI) Updates
  13. Competition Commission of India

 

 
  1. Compliance requirement under Income Tax act, 1961
Sl.
 
Compliance Particulars
 
Due Dates
 
1
Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for previous month.
07.02.2022
2.
Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB and 194M in the month of January, 2022.
07.02.2022
 
3
a)      “Due date for filing of audit report under section 44AB for the assessment year 2021-22 in the case of a corporate-assessee or non-corporate assessee (who was required to submit his/its return of income on October 31, 2021).
b)      The due date for filing of audit report for Assessment Year 2021-22 has been extended vide Circular no. 17/2021, dated 09-09-2021.
c)      The due date for filing audit report has been further extended to February 15, 2022 vide Circular No. 01/2022, dated 11-01-2022″.
14.02.2022
 
4
Due date of furnishing of Form 24G by an office of the Government where TDS/TCS for the month of January, 2022 has been paid without the production of a challan.
14.02.2022
5
Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending December 31, 2021.
14.02.2022
 
6
Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA, 194-IB, 194-IM,  in the month of December, 2021.
 
15.02.2022
 
7
a)      “Audit report under section 44AB for the assessment year 2021-22 in the case of an assessee who is also required to submit a report pertaining to international or specified domestic transactions under section 92E.
b)      The due date for filing of audit report for Assessment Year 2021-22 has been extended vide Circular no. 17/2021, dated 09-09-2021.
c)      The due date for filing audit report has been further extended to February 15, 2022 vide Circular No. 01/2022, dated 11-01-2022″.
 
15.02.2022
  • Income Tax Due Date – Extensions
Sl.
Nature of Extension
Provisions / Forms of IT Act 1961
Earlier  Due Date
Extended Due Date
1
The application in Form No. 10A/ Form No.10AB, for registration/ provisional registration/ intimation/ approval/ provisional approval of Trusts/ Institutions/ Research Associations etc.,
Under Section 10 (23C), 12AB, 35 (1) (ii) /(iia) / (iii) and 80G of the Act
30.06.2021
31.03.2022
2
Return of income for the assessment year 2021-22 in the case of an assessee if he/it is required to submit a report under section 92E pertaining to international or specified domestic transaction(s)
under section 92E
31.12.2021
28.02.2022
 
3
Filing of belated/revised return of income for the assessment year 2021-22 for all assessee (provided assessment has not been completed before December 31, 2021).
Belated/revised return of income for the assessment year 2021-22
31.01.2022
31.03.2022
  • Important Notifications – For the month of January – 2022:
Sl.
Particulars of the Notification(s)
File No. / Circular No.
Link(s)
1.
Income Tax department detects anomalies in 2 Chinese mobile firms
Tax News
Click Here
2.
One-time relaxation for verification of all income tax-returns e-filed forthe Assessment Year 2020-21 which are pending for verification and processing of such returns – reg.
Circular No. 21 / 2021
Click Here
3.
TheIncome-tax (34th Amendment)Rules, 2021
Notification No. 138/2021
Click Here
 
4.
TheFaceless Appeal Scheme, 2021.
Notification No. 139/2021
Click Here
 
5.
TheIncome-tax (35th Amendment)Rules, 2021
Notification No. 140/2021
Click Here
 
6.
Income Tax notification to give effect to the FacelessAppeal Scheme, 2021
Notification No. 141/2021
Click Here
 
7
‘Regional Air Connectivity Fund Trust (PAN AADTR1130P),
Notification No. 1/2022
Click Here
8
Searches conducted by Income Tax Department largely in Uttar Pradesh and Maharashtra
Press Release ID: 1787764
Click Here
9
Evasion of Customs duty of Rs. 653 crore by M/s Xiaomi Technology India Private Limited
Press Release ID: 1787686
Click Here
10
Extension of timelines for filing of ITRs and variousreports of audit for the Assessment Year 2021-22– reg
Circular No. 01/2022
Click Here
11
Central Government hereby notifies for the purposes of the said clause,‘International Financial Services Centres Authority’
Circular No. 03/2022
Click Here
12
Income tax (1st Amendment) , Rules,2022.
Circular No. 06/2022
Click Here
13
Income Tax Department conducts searches in Kerala
Press Release ID 1788947
Click Here
14
Guidelines under clause (10D) section 10 of the Income-tax Act, 1961 – reg.
Circular No. 02/2022
Click Here
15
CBDT notifies National Skill Development Corporation for exemption U/s. 10(46)
Notification No. 10/2022
Click Here
,16
TheSecurities Transaction Tax (1st Amendment), Rules, 2022
Notification No. 09/2022
Click Here
17
TheIncome tax (2ndAmendment) Rules, 2022.
Notification No. 08/2022
Click Here
18
The “e-advance rulings Scheme, 2022”.
Notification No. 07/2022
Click Here
  1. Compliance Requirement under GST, 2017
  1. Filing of GSTR –3B
 a) Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY
Tax period
Due Date
No interest payable till
Particulars
January, 2022
20thFebruary,
2022
Due Date for filling GSTR – 3B return for the month of June, 2021 for the taxpayer with Aggregate turnover exceeding INR 5 crores during previous year
b). Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group A)
Tax period
Due Date
No interest payable till
Particulars
January, 2022
22nd February,
2022
Due Date for filling GSTR – 3B return for the month of June, 2021 for the taxpayer with Aggregate turnover upto INR 5 crores during previous year and who has opted for Quarterly filing of GSTR-3B
Group A States: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep
c). Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group B)
Tax period
Due Date
No interest payable till
Particulars
January, 2022
24thFebruary,
2022
Group B States:Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi
B. Filing Form GSTR-1:
Tax period
Due Date
Remarks
Monthly return
(January, 2022)
11.02.2022
“1. GST Filing of returns by registered person with aggregate turnover exceeding INR 5 Crores during preceeding year.
2. Registered person, with aggregate turnover of less then INR 5 Crores during preceeding year, opted for monthly filing of return under QRMP”
 
 C. Non Resident Tax Payers, ISD, TDS & TCS Taxpayers
 
Form No.
Compliance Particulars
Timeline 
Due Date
GSTR-5 & 5A
Non-resident ODIAR services provider file Monthly GST Return
20th of succeeding month
20.02.2022
GSTR -6
Every Input Service Distributor (ISD)
13th of succeeding month
13.02.2022
GSTR -7
Return for Tax Deducted at source to be filed by Tax Deductor
10th of succeeding month
10.02.2022
GSTR -8
E-Commerce operator registered under GST liable to TCS
10th of succeeding month
10.02.2022
 
D. GSTR – 1 QRMP monthly / Quarterly return
Form No.
Compliance Particulars
Timeline 
Due Date
Details of outward supply-IFF&
Summary of outward supplies by taxpayers who have opted for the QRMP scheme.
a)      GST QRMP monthly return due date for the month of December, 2021 (IFF). Applicable for taxpayers with Annual aggregate turnover up to Rs. 1.50 Crore.
b)      Summary of outward supplies by taxpayers who have opted for the QRMP scheme.
13th of succeeding month  – Monthly
Quarterly Return
13.02.2022
E. GST Refund:
Form No.
Compliance Particulars
Due Date
 
RFD -10
Refund of Tax to Certain Persons
18 Months after the end of quarter for which refund is to be claimed
 
F. Annual Returns:
Form No.
Compliance Particulars
Due Date
GSTR – 9
GSTR-9 is Annual Return applicable for registered person with aggregate turnover exceeding INR 2 Crores during the F.Y. 2020-21. However, registered person with aggregate turnober upto INR 2 Crores have option to file GSTR-9.
28.02.2021
 
GSTR – 9C
GSTR-9C is reconciliation statement applicable for registered person with aggregate turnover exceeding INR 5 Crores during the F.Y. 2020-21.
28.02.2021
 
Major Update:
  • Taxpayers can now withdraw their application for cancellation of registration (filed in Form REG-16) unless the tax officer has initiated action on it.
  • Aadhaar authentication of registered person is mandatory for filing of Refund/Revocation of cancelled registration applications w. e. from 1.1.2022.
 
  • GST UPDATES – January, 2022:
 
Sl.
Notification Particulars
Notification No.
Link(s)
1.
Reporting of supplies notified under section 9(5) / 5(5) by E-commerce Operator in GSTR-3B
GSTN Update
No. 516
Click Here
2.
Module wise new functionalities deployed on the GST Portal for taxpayers
GSTN Update             No. 516
Click Here
3.
Advisory on Revamped Search HSN Code Functionality
GSTN Update             No. 516
Click Here
4.
Upcoming functionality – Interest Calculator in GSTR-3B
GSTN Update             No. 516
Click Here
5.
Seeks to make amendments (Tenth Amendment, 2021) to the CGST Rules, 2017.
40/2021-Central Tax dated 29.12.2021
Click Here
6
Seeks to amend Notification No 1/2017- Central Tax (Rate) dated 28.06.2017.
18/2021-Central Tax (Rate),dt. 28-12-2021
Click Here
7
Seeks to amend Notification No 2/2017- Central Tax (Rate) dated 28.06.2017.
19/2021-Central Tax (Rate), dt. 28-12-2021
Click Here
8
Seeks to amend Notification No 21/2018- Central Tax (Rate) dated 26.07.2018
20/2021-Central Tax (Rate), dt. 28-12-2021
Click Here
9
Seeks to supersede notification 14/2021- CT(R) dated 18.11.2021 and amend Notification No 1/2017- CT (Rate) dated 28.06.2017.
21/2021-Central Tax (Rate), dt. 28-12-2021
Click Here
10
Seeks to supersede notification 15/2021- CT(R) dated 18.11.2021 and amend Notification No 11/2017- CT (Rate) dated 28.06.2017.
22/2021-Central Tax (Rate), dt. 28-12-2021
Click Here
11
Mechanism for filing of refund claim by the taxpayers registered in erstwhile Union Territory of Daman & Diu for period prior to merger with U.T. of Dadra & Nagar Haveli.
168/24/2021-GST
Click Here
12
Deployment of Interest Calculator in GSTR-3B
GSTN Update 520
Click Here
  1. Compliance Requirement UNDER Companies Act, 2013 and Rules made thereunder;
Applicable Laws/Acts
Due Dates
Compliance Particulars
Forms / Filing mode
 
Companies Act, 2013
 
Within 180 Days From The Date Of Incorporation Of The Company
(one time compliance only)
As per Section 10 A (Commencement of Business) of the Companies Act, 2013, inserted vide the Companies (Amendment) Ordinance, 2018 w.e.f. 2nd November, 2018, a Company Incorporated after the ordinance and having share capital shall not commence its business or exercise any borrowing powers unless a declaration is filed by the Director within 180 days from the date of Incorporation of the Company with the ROC.
MCA E- Form INC 20A
(one time compliance)
 
 
Companies Act, 2013
 
First declaration within 90 days from the date of notification Dt. 08.02.2019
 
A person having Significant beneficial owner shall file a declaration to the reporting company
http://www.mca.gov.in/Ministry/pdf/CompaniesOwnersAmendmentRules_08020219.pdf
i.e. within 90 days of the commencement of the Companies (Significant Beneficial Owners) Amendment Rules, 2019 i.e. 08.02.2019
In case Subsequent Acquisition of the title of Significant Beneficial Owner / Any Change therein a declaration in Form No. BEN-1 required to be filed to the reporting company, within 30 days of acquiring such significant beneficial ownership or any change therein.
Form BEN-1
Draft Format available at
LINK
Companies Act, 2013
 
within 30 days of acquiring beneficial interest
Filing of form BEN-2 under the Companies (Significant Beneficial Owners) Rules, 2018.
 (the date of receipt of declaration in BEN-1 )
CLICK HERE
Form BEN – 2
(e-form deployed by Ministry (ROC)) on 01.07.2019
Companies Act, 2013
 
Annual Compliance
(30.09.2021)
*DIN KYC through DIR 3 KYC Form is an Annual Exercise.
Last date for filing DIR-3 KYC for Financial year 2020-21 is 30th September, 2021
Annual Exercise:CLICK HERE
Penalty after due date is Rs. 5000/-(one time)
 
E-Form DIR – 3 KYC
(Web Based and E-form)
 
Companies Act, 2013
Within 270 days from the date of deployment of this Form
Annual Return To Be Filed By Auditor With The National Financial Reporting Authority
CLICK HERE
CLICK HERE
Click Here
Note on NFRA -2Click Here
NFRA-2
(NFRA-2 e-Form live since 9th December 2019.)
Companies Act, 2013
Within 15 days of appointment of an auditor.
The Ministry in its General Circular No. 12/2018 dated 13th December, 2018 clarified that filing of Form NFRA-1 is applicable only for Bodies Corporate and ruled out filing by Companies as defined under sub-section (20) of Section 2 the Act.
E – Form
NFRA -1
Companies Act, 2013
Within 30 days of the board meeting
Filing of resolutions with the ROC regarding Board Report and Annual Accounts. The details of the resolutions passed should be filed.
MGT-14
 (Filing of resolution with MCA)
 
 
 
Companies Act, 2013
Within 60 (sixty) days from the conclusion of each half year.
Reconciliation of Share Capital Audit Report (Half-yearly)
Pursuant to sub-rule Rule 9A (8) of  Companies (Prospectus and Allotment of Securities) Rules, 2014
To be filed all unlisted companies, deemed public companies. Till further clarification to be filled in GNL-2
E-Form PAS – 6
 
Companies Act, 2013
(Half Yearly basis)
31.10.2021
Form for furnishing half yearly return with the registrar in respect of outstanding payments to Micro or Small Enterprise, can be filed delayed without any Additional Fee
E-Form MSME-1
 
Companies Act, 2013
One Time compliances
Registration of Entities for undertaking CSR activities         – Trust/ Society/ Section 8 Company need to file before Acceptance of Donation as CSR w.e.f. 01st April 2021
E-Form CSR-1
Companies Act, 2013
within a period of 60 days after the holding
of AGM
IEPF Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2019 Statement of unclaimed and unpaid amounts.
This e-form shall be filed within a period of 60 days after the holdingof AGM or the date on which it should have been held as perthe provisions of section 96 of the Act, whichever is earlier
IEPF -2
  • Due dates of ROC Return Filings
Sl. No.
Particulars
Due Date
E- Form
 
1
Appointment of Auditor
Within 15 days from the conclusion of AGM
ADT-1
 
 
 
2
Filing of financial statement and other documents with the ROC
15.02.2022 – due date extended for all Companies including OPC
Within 30 days from the conclusion of the AGM, other than OPC
(In case of OPC within 180 days from the close of the financial year)
AOC-4, AOC-4 (CFS), AOC-4 XBRL, AOC-4 Non-XBRL
 
3
Filing of annual return by a company.
28.02.2022 – due date extended for all Companies including OPC
Within 60 days from the conclusion of AGM
MGT-7
4
Filing of annual return by a company.
28.02.2022 – due date extended for all Companies including OPC
Within 60 days from the conclusion of AGM – Applicable in respect of Annual Return for the F.Y. 2020-21 and onwards of OPC and small companies.
MGT-7A
  • Important Updates – January, 2022
 
Sl.
 
 
Particulars of the Circulars
 
Link
1
Relaxation on levy of additional fees is given till 15.02.2022 for filing of e-forms AOC-4, AOC-4 (CFS), AOC-4, AOC-4 XBRL AOC-4 Non-XBRL and 28.02.2022 for MGT-7/MGT-7A for the financial year ended on 31.03.2021 || To avoid any last-minute payment transaction issues, Stakeholders may avail ‘Pay Later option’ for form filings and save the challan which gets generated on the screen for future reference
Click Here
2
Dummy directors: ROC files complaint
Click Here
3
Sale Notice of Land and construction material
Click Here
4
In the matter of Paramount Printpackaging Ltd.(In Liqn)
Click Here
5.
Corporate Affairs Ministry and IGNOU join hands to promote investment – Investor Education and Protection Fund Authority (IEPFA) signs MoU with Indira Gandhi National Open University (IGNOU) for promoting Investor Education and Financial literacy among youth through Gyan Darshan channel
Click Here
6.
TheCompanies (Registration Offices andFees) Amendment Rules, 2022
Click Here
7
Theprovisions of section 56 of the said Act shall come into force.
Click Here
8
Claim Notice of M/s.Rajadhiraj Industries Limited (In-Liqn.)
Click Here
9
Informational Messages for Stakeholders’ Convenience
Click Here
10
Filling up the posts of Senior Legal Assistant (SLA), on deputation basis in benches of National Company Law Tribunal (NCLT)
Click Here
11
Notice_20220105
Click Here
12
Corporate affairs ministry, FIU sign data sharing deal for tighter enforcement
Click Here
13
On the last lap: MCA to soon finalise comprehensive cross-border insolvency framework
Click Here
14
The Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund), Third Amendment, Rules, 2021
Click Here
15
NOTICE FOR CLAIM INVITATION OF M/S. GOHIL PACKAGING PRIVATE LIMITED (IN LIQUIDATION)
Click Here
 
  1. Key Compliances under FEMA / RBI
 
Applicable Laws/Acts
Due Dates
Compliance Particulars
Forms / (Filing mode)
FEMA ACT 1999
Not later than 30 days from the date of issue of Capital instrument
FC-GPR is a form filed when the Indian company receives the Foreign Direct Investment and the company allots shares to a person resident outside India.
Form FC-GPR
FEMA ACT 1999
With in 60 days of receipt/ remittance of funds or transfer of capital instruments whichever is earlier.
Reporting of transfer of shares and other eligible securities between residents and non-residents and vice- versa is to be made in Form FC-TRS.
The onus of reporting shall be on the resident transferor/ transferee.
Form FC-TRS.
FEMA ACT 1999
within 30 days from the date of receipt of the amount of consideration.
A Limited Liability Partnership receiving amount of consideration and acquisition of profit shares is required to submit a report in the Form FDI LLP-1
Form FDI LLP-I
FEMA ACT 1999
within 60 days from the date of receipt of funds in
A Limited liability Partnership shall report disinvestment/ transfer of capital contribution or profit share between a resident and a non resident (or vice versa)
Form FDI LLP-II
FEMA ACT 1999
within 30 days from the date of allotment of capital instruments
The domestic custodian shall report the issue/ transfer/ of sponsored/ unsponsored depository receipts
Downstream statement -Form DI & reporting at FIFP too
  • RBI Circulars / Notifications: January, 2022
Sl.
Particulars of the Circulars
Link
1
Periodic Updation of KYC – Restrictions on Account Operations for Non-compliance
Click here
2
Report on Trend and Progress of Banking in India 2020-21
Click here
3
RBI releases ‘Statistical Tables relating to Banks in India: 2020-21’
Click here
4
Clarification on Acquisition/Transfer of Immovable Property in India by Overseas Citizen of India (OCIs)
Click here
5
RBI releases the Financial Stability Report, December 2021
Click here
6
Quarterly BSR-1: Outstanding Credit of Scheduled Commercial Banks – September 2021
Click here
7
Applicable Average Base Rate to be charged by NBFC-MFIs for the Quarter Beginning January 1, 2022
Click here
8
Sources of Variation in Foreign Exchange Reserves in India during April-September 2021
Click here
9
RBI releases Name of Applicant under the Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector
Click here
10.
RBI launches the January 2022 round of the Inflation Expectations Survey of Households
Click here
11.
RBI launches the January 2022 round of Consumer Confidence Survey
Click here
12
RBI extends deadline for KYC in bank accounts till March 31, 2022
Click here
13
Inclusion of “Airtel Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934
Click here
14
Retail Direct Scheme – Market Making
Click here
15
Master Circular – Bank Finance to Non-Banking Financial Companies (NBFCs)
Click here
16
Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards and Net Stable Funding ratio – Small Business Customers
Click here
17
RBI launches Quarterly Order Books, Inventories and Capacity Utilisation Survey: October-December 2021 (Round 56)
Click here
18
RBI releases 2021 list of Domestic Systemically Important Banks (D-SIBs)
Click here
19
Monthly Data on India’s International Trade in Services for the Month of November 2021
Click here
20
RBI releases “Eligibility criteria for entities to be categorised as Specified User under clause (j) of Regulation 3 of the Credit Information Companies (Amendment) Regulations, 2021”
Click here
21
Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract
Click here
22
RBI releases Annual Report of Ombudsman Schemes, 2020-21
Click here
23
28th Meeting of the FSDC Sub-Committee over Video Conference
Click here
24
Nine Non-Banking Financial Companies (including one Housing Finance Company) surrender their Certificate of Registration to Reserve Bank of India
Click here
25
RBI releases Discussion Paper on Prudential Norms for Classification, Valuation and Operations of Investment Portfolio of Commercial Banks
Click here
26
Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract
Click here
27
Registration of Factors (Reserve Bank) Regulations, 2022
Click here
28
Registration of Assignment of Receivables (Reserve Bank) Regulations, 2022
Click here
29
RBI Bulletin – January 2022
Click here
30
Reserve Bank of India announces Digital Payments Index for September 2021
Click here
31
RBI releases Primary (Urban) Co-operative Banks’ Outlook 2020-21
Click here
32
Launching of Quarterly Industrial Outlook Survey (IOS): January-March 2022 (Round 97)
Click here
33
RBI Working Paper No. 04/2022: States’ Fiscal Performance and Yield Spreads on Market Borrowings in India
Click here
34
RBI Working Paper No. 03/2022: India’s External Commercial Borrowings: Determinants and Optimal Hedge Ratio
Click here
  1. Compliance under Other Statutory LAws
 
Applicable Laws/Acts
 
 
Timeline / Due Dates
 
Compliance Particulars
 
Forms / (Filing mode)
EPF (The Employees’ Provident Funds And Miscellaneous Provisions Act, 1952)
15.01.2022
PF Payment
ECR
ESIC (Employees’ State Insurance Act, 1948)
15.01.2022
ESIC Payment
ESI Challan
Contract Labour (Regulation &Abolition) Act, 1970
Within 15 Days of commencement/ completion of contract work
Return/Notice within 15 days of commencement/ completion of each contract by the Principal employer
Form VI-B
Contract Labour (Regulation &Abolition) Act, 1970
Within 15 Days of commencement/ completion of contract work
Notice of commencement/ completion of contract work by the Contractor within 15 days
Form VI-A
Payment of Gratuity Rule
Within 30 Days of applicability of the Act & any change
Notice of applicability of the Act & any change
Form A or B
The minimum Wages Act, 1948
01.02.2022
Annual Return
Form – III Rule 21 (4A)
The Payment of Wages Act,1936 & related Mines Rules
15.02.2022
Annual Return
Form – IV
The Contract Labour 9 (R&A) Act, 1970 & Rules
15.02.2022
Annual Return
Form – XXV
  • Updates TRACKER under Labour LAws – January, 2022:
Sl.
Particulars
Link
1
EPFO Nomination, Annual GST Return Filing: Govt Extends Deadlines for Key Money Tasks
Click Here
2
EPFO sets up two new service centre centres for filing e-nominations
Click Here
3
Empower your family, file enomination. #EPFO
Click Here
4
24.07 crore accounts have been credited with an interest of 8.50% for the Financial Year 2020-21.
Click Here
5
#EPFO never asks its members to share their personal details like Aadhaar, PAN, UAN, Bank Account or OTP over phone or on social media.
Click Here
6
Employees’ Pension Scheme (EPS) 1995, Eligibility & Its Benefits
Click Here
7
Supply of information under the Right to Information Act, 2005
Click Here
8
Strengthening of Administration – Periodical review under FR 56(j) and Rule 48 of CCS (Pension) Rules, 1972 that are applicable mutatis mutandis to the employees of Central Board in terms of Rule 18 and Rule 22 (read with Schedule I and II respectively) of Employees’ Provident Fund (Officers and Employees’ Conditions of Service) Regulation 2008
Click Here
9
Provident Fund Alert! Government transfers huge amount to EPFO accounts
Click Here
10
EPFO Update: NOW Check your PF balance via SMS, missed call, UMANG App!Here’s how to
Click Here
11
Provident Fund Users Can Easily Update Name, Date of Birth on EPF Portal
Click Here
12
Employer’s Failure To Deposit Contributions Doesn’t Disentitle Insured Person’s Ward From Availing ESI Quota: Rajasthan HC Grants Relief To NEET Candidate
Click Here
13
ESIC provides periodical monthly payments under #DependantBenefit to the dependants of an Insured Person died as a result of employment injury
Click Here
14
ESI provides periodical payment to Insured Women under its Maternity Benefit. The Scheme provides 100% of average daily wage under ESI #MaternityBenefit.
Click Here
15
EPFO Payroll data: EPFO added 13.95 lakh net subscribers in November, 2021
Click Here
16
All-India Consumer Price Index Numbers for Agricultural and Rural Labourers – December, 2021
Click Here
17
Withdraw of Fund from EPF account related to Covid
Click Here
18
Pension Rule BIG Change: You will Receive Pension by this Date From Now, Details Here
Click Here
19
Retirement planning: How EPF, NPS can help you get government-like pension
Click Here
  1. SEBI – Securities Exchange Board of INDIA
Compliance Requirement under SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015
A. Quarterly Compliances:
Sl. No.
Regulation reference
(Reg.)
Compliance Particulars
Timeline / Due Date
(For the Quarter Ended December, 2021)
Due Dates
 
1
32 & 33
Financial Results & Statement of deviation
45 days/60 days from end of quarter
14.02.2022
B. Half Yearly Compliances:
 
Sl. No.
 
Regulation No.
 
Compliance Particular
 
Compliance Period
(Due Date)
Due Date
1.
Regulation 23(9)
Related party transactions.
The listed entity shall submit within 30 days from the date of publication of its standalone and consolidated financial results for the half year, disclosures of related party transactions on a consolidated basis, in the format specified in the relevant accounting standards for annual results to the stock exchanges and publish the same on its website
Within 30 days of FR
C. Regular / Annual Compliances:
REG NO
REGULATION NO
PARTICULARS
TIMELINE
47 Advertisements in Newspapers.
47 (3) Advertisements in Newspapers
Financial results at 47 clause (b) of sub-regulation (1), shall be published within 48 hours of conclusion of the meeting of board of directors at which the financial results were approved.
48 HOURS
23 Related party transactions.
Reg 23(9) Related party transactions
The listed entity shall submit within 30 days from the date of publication of its standalone and consolidated financial results for the half year, disclosures of related party transactions on a consolidated basis, in the format specified in the relevant accounting standards for annual results to the stock exchanges and publish the same on its website
30 days
24A Secretarial Audit.
Red 24A
Every listed entity and its material unlisted subsidiaries incorporated in India shall undertake secretarial audit and shall annex with its annual report, a secretarial audit report, given by a company secretary in practice, in such form as may be specified with effect from the year ended March 31, 2019. (within 60 days from the Closure of FY)
60 days from the Closure of FY
46 Website
46(2)(s)
The listed entity shall disseminate the following information under a separate section on its website separate audited financial statements of each subsidiary of the listed entity in respect of a relevant financial year, uploaded at least 21 days prior to the date of the annual general meeting which has been called to inter alia consider accounts of that financial year.]
21 days prior 1 days prior to the date of AGM
D. Other Quarterly compliance which included half year compliance except Financial Result (FR)
REG NO
REGULATION NO
PARTICULARS
TIMELINE
Intimation
Reg 29 read with Reg 33
intimation regarding item specified in clause 29(1) (a) to be discussed at the meeting of board of directors shall be given at least five days in advance (excluding the date of the intimation and date of the meeting), and such intimation shall include the date of such meeting of board of directors
 at least 5 working days in advance, excluding the date of the intimation and date of the meeting
Intimations and Disclosure of events or information to Stock Exchanges.
87B: Intimations and Disclosure of events or information to Stock Exchanges. READ WITH PART E OF Schedule III
The listed entity shall first disclose to stock exchange(s) of all events or information, as specified in Part E of Schedule III, as soon as reasonably possible but not later than twenty four hours from occurrence of the event or information:
 
 
 
 
24 HOURS
Valuation, Rating and NAV disclosure.
87C(1) (iii)
An issuer whose security receipts are listed on a stock exchange shall ensure that: the net asset value is calculated on the basis of such independent valuation and the same is declared by the asset reconstruction company within fifteen days of the end of the quarter.
 
15 Days
Other corporate governance requirements.
Reg 27(2)
The listed entity shall submit a quarterly compliance report on corporate governance in the format as specified by the Board from time to time to the recognised stock exchange(s) within fifteen days from close of the quarter.
15 days
 
15/01/2022
Indian Depository Receipt holding pattern & Shareholding details.
69(1)
The listed entity shall file with the stock exchange the Indian Depository Receipt holding pattern on a quarterly basis within fifteen days of end of the quarter in the format specified by the Board.
15 days from end of each quarter
15/01/2022
 
  1. Event based Compliances
 
REG NO
REGULATION NO
PARTICULARS
TIMELINE
30 Disclosure of events or information.
30(6) AND Part A of Schedule III
The listed entity shall first disclose to stock exchange(s) of all events, as specified in Part A of Schedule III, or information as soon as reasonably possible and not later than twenty four hours from the occurrence of event or information
24 HOURS
30 Disclosure of events or information.
30(6) AND sub-para 4 of Para A of Part A of Schedule III
The listed entity shall disclose to the Exchange(s), within 30 minutes of the closure of the meeting held to consider the following:
a) dividends and/or cash bonuses recommended or declared or the decision to pass any dividend and the date on which dividend shall be paid/dispatched;
b) any cancellation of dividend with reasons thereof;
c) the decision on buyback of securities;
d) the decision with respect to fund raising proposed to be undertaken
e) increase in capital by issue of bonus shares through capitalization including the date on which such bonus shares shall be credited/dispatched;
f) reissue of forfeited shares or securities, or the issue of shares or securities held in reserve for future issue or the creation in any form or manner of new shares or securities or any other rights, privileges or benefits to subscribe to;
g) short particulars of any other alterations of capital, including calls;
h) financial results;
i) decision on voluntary delisting by the listed entity from stock exchange(s).
30 MINUTES
31A: Conditions for re-classification of any person as promoter / public
31A(8)
The following events shall deemed to be material events and shall be disclosed by the listed entity to the stock exchanges as soon as reasonably possible and not later than twenty four hours from the occurrence of the event:
(a) receipt of request for re-classification by the listed entity from the promoter(s) seeking re-classification;
(b) minutes of the board meeting considering such request which would include the views of the board on the request;
(c) submission of application for re-classification of status as promoter/public by the listed entity to the stock exchanges;
(d) decision of the stock exchanges on such application as communicated to the listed entity;
24 HOURS
34 Annual Report.
34(1)(b)
In the event of any changes to the annual report, the revised copy along with the details of and explanation for the changes shall be sent not later than 48 hours after the annual general meeting.]
48 HOURS
44 Meetings of shareholders and voting
44(3)
The listed entity shall submit to the stock exchange, within forty eight hours of conclusion of its General Meeting, details regarding the voting results in the format specified by the Board.
48 HOURS
47 Advertisements in Newspapers.
47 (3) Advertisements in Newspapers
The listed entity shall publish the information specified in 47(1) in the newspaper simultaneously with the submission of the same to the stock exchange(s). The same is reproduced below
47(1) (a) notice of meeting of the board of directors where financial results shall be discussed (c )statements of deviation(s) or variation(s) as specified in sub-regulation (1) of regulation 32 on quarterly basis, after review by audit committee and its explanation in directors report in annual report;
(d) notices given to shareholders by advertisement
Simultaneously
SCHEDULE III PART PART A 7(A)
resignation of the auditor of the listed entity, detailed reasons for resignation of auditor, as given by the said auditor, shall be disclosed by the listed entities to the stock exchanges as soon as possible but not later than twenty four hours of receipt of such reasons from the auditor
24 HOURS
SCHEDULE III PART PART A 7(B)
In case of resignation of an independent director of the listed entity, within seven days from the date of resignation, the following disclosures shall be made to the stock exchanges by the listed entities:
i. Detailed reasons for the resignation of independent directors as given by the said director shall be disclosed by the listed entities to the stock exchanges.
ii. The independent director shall, along with the detailed reasons, also provide a confirmation that there is no other material reasons other than those provided.
iii. The confirmation as provided by the independent director above shall also be disclosed by the listed entities to the stock exchanges along with the detailed reasons as specified in sub-clause (i) above.]
7 days from the date of resignation
7 Share Transfer Agent.
Reg 7(4) & (5) Share Transfer Agent.
The listed entity shall intimate any change or appointment of a new share transfer agent, to the stock exchange(s) within seven days of entering into the agreement.
7 DAYS
29
Reg 29(1)
The intimation required under 29 (1), shall be given at least two working days in advance, excluding the date of the intimation and date of the meeting Reg 29(1) is reproduced below: (b) proposal for buyback of securities ; (c) proposal for voluntary delisting by the listed entity from the stock exchange(s); (d) fund raising by way of further public offer, rights issue, American Depository Receipts/Global Depository Receipts/Foreign Currency Convertible Bonds, qualified institutions placement, debt issue, preferential issue or any other method and for determination of issue price:
Provided that intimation shall also be given in case of any annual general meeting or extraordinary general meeting or postal ballot that is proposed to be held for obtaining shareholder approval for further fund raising indicating type of issuance. (e) declaration/ recommendation of dividend, issue of convertible securities including convertible debentures or of debentures carrying a right to subscribe to equity shares or the passing over of dividend. (f) the proposal for declaration of bonus securities where such proposal is communicated to the board of directors of the listed entity as part of the agenda papers:
 at least 2 working days in advance, excluding the date of the intimation and date of the meeting
31 Holding of specified securities and shareholding pattern.
Reg 31 (1)(a)
The listed entity shall submit to the stock exchange(s) a statement showing holding of securities and shareholding pattern separately for each class of securities, in the format specified by the Board from time to time-one day prior to listing of its securities on the stock exchange(s);
1 day prior to listing of its securities on the stock exchange(s
31
Reg 31 (1 (c)
within ten days of any capital restructuring of the listed entity resulting in a change exceeding two per cent of the total paid-up share capital:
within 10 days of any capital restructuring
31A Conditions for re-classification of any person as promoter / public
Reg 31A
an application for re-classification of a promoter/ person belonging to promoter group to public to the stock exchanges has to be made by the listed entity consequent to the following procedures and not later than thirty days from the date of approval by shareholders in general meeting
30 days from the date of approval by shareholders in general meeting
37 Draft Scheme of Arrangement & Scheme of Arrangement.
37(1)
Draft Scheme of Arrangement & Scheme of Arrangement before for obtaining Observation Letter or No-objection letter, before filing such scheme with any Court or Tribunal, in terms of requirements specified by the Board or stock exchange(s) from time to time.
Before filling the same with any court or tribunal
39 Issuance of Certificates or Receipts/Letters/Advices for securities and dealing with unclaimed securities.
39(2)
The listed entity shall issue certificates or receipts or advices, as applicable, of subdivision, split, consolidation, renewal, exchanges, endorsements, issuance of duplicates thereof or issuance of new certificates or receipts or advices, as applicable, in cases of loss or old decrepit or worn out certificates or receipts or advices, as applicable within a period of thirty days from the date of such lodgement.
30 Days
39 Issuance of Certificates or Receipts/Letters/Advices for securities and dealing with unclaimed securities
39(3)
The listed entity shall submit information regarding loss of share certificates and issue of the duplicate certificates, to the stock exchange within two days of its getting information.
2 days of its getting information.
40 Transfer or transmission or transposition of securities.
40 (3)
On receipt of proper documentation, the listed entity shall register transfers of its securities in the name of the transferee(s) and issue certificates or receipts or advices, as applicable, of transfers; or issue any valid objection or intimation to the transferee or transferor, as the case may be, within a period of fifteen days from the date of such receipt of request for transfer
15 days
40 Transfer or transmission or transposition of securities.
40 (3)
the listed entity shall ensure that transmission requests are processed for securities held in dematerialized mode within seven days after receipt of the specified documents:
7 Days
40 Transfer or transmission or transposition of securities.
40 (3)
the listed entity shall ensure that transmission requests are processed for securities held in physical mode within twenty one days after receipt of the specified documents:
21 Days
SCHEDULE VII: TRANSFER OF SECURITIES (PART B (1))
In case of minor differences in the signature of the transferor(s), the listed entity shall follow the following procedure for registering transfer of securities:
(a) the listed entity shall promptly send to the first transferor(s), via speed post an intimation of the aforesaid defect in the documents and inform the transferor(s) that objection, supported by valid proof, is not lodged by the transferor(s) with the listed entity within fifteen days of receipt of the listed entity’s letter, then the securities shall be transferred
15 Days
42 Record Date or Date of closure of transfer books.
42(2)
The listed entity shall give notice in advance of atleast seven working days (excluding the date of intimation and the record date) to stock exchange(s) of record date specifying the purpose of the record date:
7 working days advance intimation excluding the date of the intimation and date of the meeting
42 Record Date or Date of closure of transfer books.
42(2)
in the case of rights issues, the listed entity shall give notice in advance of atleast three working days (excluding the date of intimation and the record date).]
3 working days advance intimation excluding the date of the intimation and date of the meeting
42 Record Date or Date of closure of transfer books.
42(3)
The listed entity shall recommend or declare all dividend and/or cash bonuses at least five working days (excluding the date of intimation and the record date) before the record date fixed for the purpose.
5 working days advance intimation excluding the date of the intimation and date of the meeting
46 Website
46 (3)(b)
The listed entity shall update any change in the content of its website within two working days from the date of such change in content.
 2 working days
50 Intimation to stock exchange(s).
50(1)
The listed entity shall give prior intimation to the stock exchange(s) at least eleven working days before the date on and from which the interest on debentures and bonds, and redemption amount of redeemable shares or of debentures and bonds shall be payable.
11 working days
50 Intimation to stock exchange(s).
50(3)
The listed entity shall intimate to the stock exchange(s), at least two working days in advance, excluding the date of the intimation and date of the meeting, regarding the meeting of its board of directors, at which the recommendation or declaration of issue of non convertible debt securities or any other matter affecting the rights or interests of holders of non convertible debt securities or non convertible redeemable preference shares is proposed to be considered.
 2 working days advance intimation excluding the date of the intimation and date of the meeting
52 Financial Results.
52 (4) & (5)
The listed entity shall, within seven working days from the date of submission of the information required under sub- regulation (4), submit to stock exchange(s), a certificate signed by debenture trustee that it has taken note of the contents
 7 working days
52 Financial Results.
52 (4) & (8)
The listed entity shall, within two calendar days of the conclusion of the meeting of the board of directors, publish the financial results and statement referred to in reg 52 (4), in at least one English national daily newspaper circulating in the whole or substantially the whole of India.
two calendar days of the conclusion of the meeting
57 Other submissions to stock exchange(s).
57(1)
The listed entity shall submit a certificate to the stock exchange within two days of the interest or principal or both becoming due that it has made timely payment of interests or principal obligations or both in respect of the non convertible debt securities
within 2 days
60 Record Date
60(2)
The listed entity shall give notice in advance of at least seven working days (excluding the date of intimation and the record date) to the recognised stock exchange(s) of the record date or of as many days as the stock exchange(s) may agree to or require specifying the purpose of the record date.
 7 working days advance intimation excluding the date of the intimation and date of the meeting
78 Record Date.
78(2)
The listed entity shall give notice in advance of at least four working days to the recognised stock exchange(s) of record date specifying the purpose of the record date
notice in advance of at least 4 working days
82 Intimation and filings with stock exchange(s).
82(2)
The listed entity shall intimate to the stock exchange(s), at least two working days in advance, excluding the date of the intimation and date of the meeting, regarding the meeting of its board of trustees, at which the recommendation or declaration of issue of securitized debt instruments or any other matter affecting the rights or interests of holders of securitized debt instruments is proposed to be considered.
 2 working days in advance, excluding the date of the intimation and date of the meeting,
82 Intimation and filings with stock exchange(s).
82(3)
The listed entity shall submit such statements, reports or information including financial information pertaining to Schemes to stock exchange within seven days from the end of the month/ actual payment date, either by itself or through the servicer, on a monthly basis in the format as specified by the Board from time to time:
Provided that where periodicity of the receivables is not monthly, reporting shall be made for the relevant periods.
within 7 days
87 Record Date.
87(2)
The listed entity shall give notice in advance of atleast seven working days (excluding the date of intimation and the record date) to the recognised stock exchange(s) of the record date or of as many days as the Stock Exchange may agree to or require specifying the purpose of the record date
 7 working days advance intimation excluding the date of the intimation and date of the meeting
87E Record Date.
87E(2)
The listed entity shall give notice in advance of at least seven working days (excluding the date of intimation and the record date) to the stock exchange(s) of the record date or of as many days as the stock exchange may agree to or require specifying the purpose of the record date.
 7 working days advance intimation excluding the date of the intimation and date of the meeting
  1. SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Securities and Exchange Board of India (SEBI) vide notification / Circular No. SEBI/HO/CFD/DCR1/CIR/P/2020/49 issued and publish dated 27th March 2020, has published Relaxation from compliance with certain provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 due to the COVID-19 pandemic.”
 
Sl. No.
 
Regulation No.
 
Compliance Particular
Compliance Period
(Due Date)
 
1
 
Regulation 30(1)
Every person, who together with persons acting in concert with him, holds shares or voting rights entitling him to exercise 25% or more of the voting rights in a target company, shall disclose their aggregate shareholding and voting rights as of the 31st day of March, in such target company in such form as may be specified.
The disclosures required under sub-regulation (1) and sub-regulation (2) shall be made within seven working days from the end of each financial year to;
·         every stock exchange where the shares of the target company are listed; and
·         the target company at its registered office
 
 
 
2
 
 
 
Regulation 30(2)
The promoter of every target company shall together with persons acting in concert with him, disclose their aggregate shareholding and voting rights as of the thirty-first day of March, in such target company in such form as may
 
 
 
 
3.
Regulation 31(1) read with Regulation 28(3) of Takeover Regulations
AUGUST 7, 2019 CIRCULAR
https://www.sebi.gov.in/legal/circulars/aug-2019/disclosure-of-reasons-for-encumbrance-by-promoter-of-listed-companies_43837.html
The promoter of every listed company shall specifically disclose detailed reasons for encumbrance if the combined encumbrance by the promoter along with PACs with him equals or exceeds: a) 50% of their shareholding in the company; or b) 20% of the total share capital of the company,
within 2 (two) working days
 
 
 
4.
 
 
 
Regulation 31(4)
Disclosure of encumbered shares
Promoter of every target company shall together with persons acting in concert with him, disclose their aggregate shareholding and voting rights as of the 31st March, in such target company in such form as may be specified
  1. SEBI (Prohibition of Insider Trading) Regulations, 2015
 
Sl. No.
 
Regulation No.
 
Compliance Particular
Compliance Period
(Due Date)
 
1
 
 
 
 
Regulation 7(2)
“Continual Disclosures”
Every promoter, employee and director of every company shall disclose to the company the number of such securities acquired or disposed of within two trading days of such transaction if the value of the securities traded, whether in one transaction or a series of transactions over any calendar quarter, aggregates to a traded value in excess of ten lakh rupees (10,00,000/-) or such other value as may be specified;
Every company shall notify; within two trading days of receipt of the disclosure or from becoming aware of such information
  1. SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
Sl. No.
Regulation No.
Compliance Particular
Compliance Period
(Due Date)
1
Schedule XIX – Para (2) of ICDR
Read with Reg 108 of SEBI LODR
“The issuer shall make an application for listing from the date of allotment, within such period as may be specified by the Board from time to time, to one or more recognized stock exchange(s)”.
In regard to above, it is specified that Issuer shall make an application to the exchange/s for listing in case of further issue of equity shares from thedate of allotment within 20 days (unless otherwise specified).
Within 20 days from the date of allotment
2
Regulation 162
The tenure of the convertible securities of the issuer shall not exceed eighteen months from the date of their allotment.
Within 18 months from date of allotment
3
SEBI CIRCULAR
Aug 19, 2019
https://www.sebi.gov.in/legal/circulars/aug-2019/non-compliance-with-certain-provisions-of-sebi-issue-of-capital-and-disclosure-requirements-regulations-2018-icdr-regulations-_43941.html
Application for trading approval to the stock exchange Listed entities shall make an application for trading approval to the stock exchange/s within 7 working days from the date of grant of listing approval by the stock exchange/s.
Within 7 working days from grant of date of listing approval
4
Regulation 76
Application for rights issue
The issuer along with lead managers and other parties related to the issue shall constitute an optional mechanism (non-cash mode only) to accept the applications of the shareholders to apply to rights issue subject to ensuring that no third-party payments shall be allowed in respect of any application.
5.
Regulation 77
Service of Documents
In case if the company fails to adhere to modes of dispatch through registered post or speed post or courier services due to Covid-19 conditions it will not be treated as non-compliance during the said period. The issuers shall publish required & necessary documents on the websites of the company, registrar, stock exchanges and the lead managers to the rights issue.
6
Regulation 84
 
Advertisement
Issuer has the flexibility to publish the advertisement in additional newspapers above those required in Regulation 84. The advertisement should also be made available on:
A. Website of the Issuer, Registrar, Lead Managers, and Stock Exchanges.
B. Television channels, radio, the internet, etc. to spread information related to the process.
  1. SEBI (Buyback of Securities) Regulations, 2018 (Buyback Regulations)
Sl. No.
Regulation No.
Compliance Particular
Compliance Period
(Due Date)
1
 
 
 
 
Regulation 11 and 24(iv)
Extinguishment of equity shares in connection with Buyback The particulars of the security certificates extinguished and destroyed shall be furnished by the company to the stock exchanges where the shares or other specified securities of the company are listed within seven days of extinguishment and destruction of the certificates
7 days of extinguishment and destruction of the certificates
 
 
 
2
 
 
Regulation 24(i) (f)
Minimum time between buy back and raising of funds
Temporary relaxation in the period of restriction
provided in Regulation 24(i)(f) from “one year” to “six months”
Applicable up to December 31, 2020 only
 
  1. SEBI (Depositories and Participants) Regulations 2018)
 
Sl. No.
 
 
Compliance Particulars
 
Due Date
 
1.
Regulation 76  (Quarter, January – March 2021)
Reconciliation of Shares and Capital Audit
Within 30 days from end of quarter.
 
2.
Regulation 74 (5): Processing of demat requests form by Issuer/RTAs – Certificate Received from Registrar
Within 15 days from the end of each quarter
  • SEBI Circulars Tracker: January, 2022
Sl.
Particulars
Link
1.
SEBI Board Meeting
Click Here
2.
Notice convening the meeting of Equity Shareholders of Dhampur Sugar Mills Limited as per the directions of the Hon’ble National Company Law Tribunal, Allahabad Bench
Click Here
3.
Non-compliance with provisions related to continuous disclosures
Click Here
4.
Right Issues – Beardsell Limited
Click Here
5.
Extension of timeline for modified reporting requirements for AIFs
Click Here
6.
Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da’esh) & Al-Qaida Sanctions List: Amendment of 62 Entries on Its Sanctions List
Click Here
7.
Remittance Order under Recovery Certificate No. 3831 of 2021 against Anirudh Parashar in the matter of Maa Jagdambe Tradelinks Limited
Click Here
8.
Options on Commodity Futures – Modification in Exercise Mechanism
Click Here
9.
Schemes of Arrangement by Listed Entities – Clarification w.r.t. timing of submission of NOC from the lending scheduled commercial banks/ financial institutions/ debenture trustee
Click Here
10.
Adjudication Order in respect of Radha Mohan Construction LLP, earlier known as Radha Mohan Construction Private Limited, in the matter of dealings in Illiquid Stock Options at BSE
Click Here
11.
Increasing Awareness regarding Online Mechanisms for Investor Grievance Redressal
Click Here
12.
Address by Chairman, SEBI – Silver Jubilee Celebrations – 25 years of Nifty Index and 20 years of Index Derivatives
Click Here
13.
“SEBI Order for Compliance” – Prohibitory Order No. 209 of 2022: In the matter of Susk India Limited: Recovery Certificate No. 2113 of 2019
Click Here
14.
Adjudication Order in respect of Surabhi Mundhara in the matter of dealings in Illiquid Stock Options at BSE Limited
Click Here
15.
Publication of Untraceable Defaulters
Click Here
16.
Disclosure obligations of high value debt listed entities in relation to Related Party Transactions
Click Here
17
Consultation paper for Review of SEBI (Collective Investment Schemes) Regulations, 1999
Click Here
18
Framework for operationalizing the Gold Exchange in India
Click Here
19
Names of the companies/Intermediaries/MIIs having complaints pending for more than 3 months on SCORES as on December 31, 2021
Click Here
20
Order under Regulation 11 of SEBI(SAST) Regulations, 2011 in the matter of Subros Limited
Click Here
21
Grant of recognition to CDSL Ventures Limited as an Accreditation Agency
Click Here
22
Right Issues – Mohindra Fastners Limited
Click Here
23
“SEBI Order for Compliance” – Prohibitory Order No. 211 of 2022: In the matter of Bhoomi Devcon & Agritech Limited : Recovery Certificate No. 2112 of 2019
Click Here
24
Informal Guidance Sought by HDFC Securities Limited regarding SEBI (Research Analyst) Regulations, 2014
Click Here
25
Debt Offer Document – InCred Financial Services Limited- Prospectus
Click Here
26
SEBI Chairman launches “Saa₹thi” – SEBI’s Mobile App on Investor Education
Click Here
27
Adjudication Order in respect of Madhumita Gupta in the matter of dealings in Illiquid Stock Options at the BSE
Click Here
28
“SEBI Order for Compliance” – Prohibitory Order No. 212 of 2022: In the matter of USK India Limited : Recovery Certificate No. 2294 of 2019
Click Here
29
Securities and Exchange Board of India (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 [Last amended on December 31, 2021]
Click Here
30
Public Issues – Landmark Cars Limited
Click Here
31
Mutual Funds – Canara Robeco Multi Cap Fund
Click Here
32
Adjudication Order in respect of Shiv Kumari Devi in the matter of dealings in illiquid stock options at BSE
Click Here
33
Public Issues – Adani Wilmar Limited
Click Here
34
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2022
Click Here
35
Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2022
Click Here
36
Securities and Exchange Board of India (Employees’ Service) (Amendment) Regulations, 2022
Click Here
37
Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} (Amendment) Regulations, 2022
Click Here
38
Change in control of the asset management company involving scheme of arrangement under Companies Act, 2013
Click Here
  1. IBBI Updates {Insolvency and Bankruptcy Board of India}
  • Budget 2022 | FM announces plan for strengthening IBC
Finance Minister Nirmala Sitharaman said while presenting the Union Budget 2022 on February 1 that changes have been proposed in the Insolvency and Bankruptcy Code (IBC) to enable seamless cross-border insolvency as well as quicker dispute resolution.
She said: “Necessary amendments will be made in the IBC for more efficient dispute resolution and enable cross-border insolvency resolution.” The changes will come about six years after the IBC was legislated that promised to institutionalise corporate restructuring through a modern, contemporary mechanism.
The proposed legislative changes, which will likely come through a series of amendments in the existing law, could also include a code of conduct for the committee of creditors (CoC), the group that is empowered to decide on insolvency resolution proposals.
The new rules on IBC related to cross-border insolvency will be broadly framed on the lines of United Nations Commission on International Trade Law (Uncitral).In an increasingly economically interdependent world, the importance of developing and maintaining a robust cross-border legal framework for the facilitation of international trade and investment is widely acknowledged.
To implement its mandate and to facilitate the exchange of ideas and information, Uncitral maintains close links with international and regional organisations, both inter-governmental and non-governmental, that are active participants in the work programme of Uncitral and in the field of international trade and commercial law.
  • Important Notifications and Circulars Tracker (January, 2022)
 
Sl.
Notification(s)
Link(s)
1.
Provisional List of IPs prepared in accordance with ‘Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) (Second) Guidelines, 2021’, for appointment as IRP, Liquidator, RP and BT, during the period January 1, 2022, to June 30, 2022.
Click here
2.
In the matter of Mr. Vimal Kumar Grover, Insolvency Professional
Click here
3
Voluntary Liquidation Processes Ending with Order of Dissolution: As on 30th September, 2021
Click here
4
Final Panel of IPs prepared in accordance with ‘Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) (second) Guidelines, 2021’ for the period from January 1, 2022, to June 30, 2022
Click here
5
Certificate Course on IBC in association with ICAI
Click here
 
6
Liquidation Processes Ending with Order of Dissolution/Closure: As on 30th September, 2021
Click here
7
Invitation for One Day Workshop on “Committee of Creditors: An Institution of Public Faith”
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8
The Insolvency and Bankruptcy Board of India organises a Workshop on “Committee of Creditors: An Institution of Public Faith”.
Click here
9
Extension of additional charge of Dr. Navrang Saini, WTM, IBBI as Chairperson, IBBI till 5th March, 2022
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10
International Conference on “MSMEs: Legislative and Regulatory Challenges” on 3rd February, 2022
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11
Edtech boost: IBBI extends online mode for professional development courses till March
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12
IBBI cancels registration of insolvency professional
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13
No objection certificate from IT dept not required for voluntary liquidation: IBBI – Teh move will help speed-up the process of liquidation under the IBC
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14
In the matter of IIV India Registered Valuers Foundation, under Rule 17 of the Companies(Registered Valuers and Valuation) Rules, 2017.
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15
IBC may come up in Budget session for faster resolution, cross-border norms
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16
Pristine Logistics front runner to buy Sical Logistics under IBC
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17
Request for Proposal for Group Term Life Insurance Plan for Employees of IBBI
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18
IBBI organises training programme for Indian Corporate Law Service Officers.
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19
The Insolvency and Bankruptcy Board of India organises a Virtual Conference on “5 Years of Insolvency and Bankruptcy Code: Looking Forward and Beyond”
Click here
20
International Insolvency & Bankruptcy Moot Competition
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  1. Competition Commission of India
Competition Commission of India is a statutory body of the Government of India, established on 14 October 2003, responsible for enforcing The Competition Act, 2002 and promoting competition throughout India and to prevent activities that have an appreciable adverse effect on competition in India.
  • Key Updates – for the month of January – 2022
Sl.
Particulars
Link
1
CCI approves acquisition of 96.42% equity shareholding in Jindal Power Limited by Worldone Private Limited
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2
CCI Directs Investigation Into Apple’s App Store Policies On Allegations Of Unfair Trade Practices
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3
Competition Commission of India orders probe against Apple
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4
HDFC Life completes acquisition of Exide Life Insurance – The deal was approved by the Competition Commission of India (CCI) in November and by the Insurance Regulatory and Development Authority of India on December 31.
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5
CCI set to probe Google’s ‘abuse of dominance’ in news aggregation
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6
Google faces CCI probe over alleged abuse of dominance in news aggregation
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7
‘Google’s Conditions On Digital News Publishers Prima Facie Unfair, Abuse Of Dominant Position’ : CCI Orders Probe
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8
‘Unfair terms’ for digital news publishers: CCI to probe Google
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9
CCI approves acquisition of shares in Sutherland Global Holdings Inc. by Coral Blue Investment Pte. Ltd.
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10
NCLAT admits Amazon’s plea against CCI order on Future Coupons
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11
CAIT files plea before CCI to block Amazon deal to acquire Cloudtail
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12
Telangana govt’s efforts to revive CCI rekindles hopes of employees
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13
CCI approves deal involving three GlaxoSmithKline group entities
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14
CCI imposes penalty on maritime transport companies for indulging in cartelization
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15
CCI orders probe against IREL for abuse of dominant position
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16
CCI approves acquisition by GlaxoSmithKline Consumer Healthcare Overseas Limited and GlaxoSmithKline Consumer Healthcare UK Trading Limited of shareholding in GlaxoSmithKline Asia Private Limited
Click here
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This article is updated till 31stJanuary, 2022 with all Laws / Regulations and their respective amendments.                                  
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Disclaimer:Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information. Many sources have been considered including newspapers.
Feel free to share your suggestions / opinions at cslalitrajput@gmail.com

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