India:
Investor Education And Protection Fund Authority (Accounting, Audit, Transfer And Refund) Second Amendment Rules, 2017
04 December 2017
Clyde & Co
To print this article, all you need is to be registered or login on Mondaq.com.
The MCA vide its notification dated October 13, 2017, further
amended Investor Education and Protection Fund Authority
(Accounting, Audit, Transfer and Refund) Rules, 2016. The Rules,
inter-alia, provides that transfer of shares by company to the
Investor Education and Protection Fund ("Fund") will be
treated as transmission and the procedure for transmission shall be
followed by the companies and also prescribes the mechanism for
transfer of shares in physical mode. Further, every company which
has deposited the amount to the Fund is required to nominate a
Nodal Officer for the purpose of coordination with Fund Authority
and his or her details are to be communicated to the Fund
Authority.
This update is authored by Clasis Law, Clyde &
Co's associated firm in India
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Corporate/Commercial Law from India
Private Equity And M&A In India: What To Expect In 2024?
Nishith Desai Associates
2023 was a year of unexpected headwinds, such as the hiking of interest rates by governments across the world, the banking sector instability in the US and Europe, the Russia-Ukraine and Israel-Hamas conflict, to name a few.
A Guide To Share Purchase Agreements
Gravitas Legal
Share Purchase Agreement is an agreement entered into between the buyer and seller(s) of shares of a target company. Usually Share Purchase Agreements entail that the buyer would be taking over...
Revisiting Representation And Warranty Clauses
Obhan & Associates
Clauses related to representations, warranties and indemnifications are widely negotiated clauses of commercial contracts especially in M&A transactions. The interests of the parties to a contract typically do not align with respect ...