One-time Relaxation in Additional Fees for Delayed Filing of LLP Forms The Ministry of Corporate Affairs (MCA) has announced a significant development for Limited Liability Partnerships (LLPs) facing difficulties in filing Form-3, Form-4, and Form-11 under Section 67 of the Limited Liability Partnership Act, 2008, read with Section 460 of the Companies Act, 2013. The government has introduced a one-time relaxation in additional fees for those LLPs that could not file the forms within the […]

Fostering Flexibility in the Social Stock Exchange Framework   Introduction The Social Stock Exchange (SSE) was created as a platform for not-for-profit organizations (NPOs) to raise funds. Regulatory guidelines have been established by the Securities and Exchange Board of India (SEBI) to govern SSE operations. In this blog, we explore the need for flexibility within the SSE framework and propose recommendations to address the challenges faced. Current State of SSE Both the National Stock Exchange […]

India’s presidency of the G20 may help businesses decrease emissions more quickly. Synopsis Thousands of enterprises in India and elsewhere are already striving to decrease their emissions in accordance with climate science, since the commercial rationale is clear: it saves money, boosts investor confidence, and allows them to stay ahead of regulations. It also strengthens corporate operations and supply networks in the face of harsh weather disasters. As the G20 president, India has a unique […]

Gujarat International Finance Tec-City Company Limited (GIFTCL) has established “GIFT SEZ Limited” to develop Gandhinagar Multi-Service SEZ with a primary emphasis on the growth of IFSC and related SEZ businesses. To have IFSC status (International Financial Services Centre), local finance centers, and the linked social infrastructure.   By setting up an International Financial Services base, the goal is to build a world-class smart city that will serve as a global financial base. The government is also […]

Upstreaming of Client funds by Stock Brokers / Clearing members to CC Applicability from 1st July 2023   Operational requirement Open Bank accounts for Upstreaming and Down-streaming Upstreaming Client Nodal Bank Accounts (USCNBA) Down-streaming Client Nodal Bank Accounts (DSCNBA)   Bank account nomenclature For up-streaming – Name of the SB/CM – USCNBA Account For Down-streaming – Name of the SB/CM – DSCNB account   Open Client Nodal MFOS Account for subscription/redemption of MFOS   Upstreaming […]