Company Secretarial Services Archives

The Payment and Settlement Systems Act, 2007 and RBI’s Regulatory Powers

The Payment and Settlement Systems Act, 2007 (“PSS Act”) is a fundamental legislation in India, which governs and controls how payment and settlement systems are regulated and managed in the country. The PSS Act was outlined to improve the efficacy, stability and security of payment mechanisms, and grants the Reserve Bank of India (RBI) extensive …

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online dispute resolution of disputes in the Indian Securities market

Online Resolution of Disputes in the Indian Securities Market

Securities and Exchange Board of India (hereinafter referred to as “SEBI”) vide its circular number SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/131 dated July 31, 2023 introduced common Online Dispute Resolution Portal to streamline the existing dispute resolution mechanism in the Indian securities market under the aegis of Stock Exchanges and Depositories (collectively referred to as Market Infrastructure Institutions (MIIs)), which …

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Post Incorporation Compliances Private Company in India

Compliance Guide: Post Incorporating a Private Company in India

Do you know that India ranked 63rd in ‘Doing Business 2020’: World Bank Report. In 2014, the Government of India launched an ambitious program of regulatory reforms aimed at making it easier to do business in India. India has emerged as one of the most attractive destinations not only for investments but also for doing …

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Corporate Compliance: Importance of Compliance in Business

Why is Corporate Compliance Important for Businesses?

Are you aware that a total of 1,12,509 companies have been struck off from the register of companies in a little over three years by the Registrar of Companies (“ROC”) and out of which, the maximum number of companies were registered in Delhi 19,000 approx., followed by Maharashtra (16,000 approx.), Uttar Pradesh (12,000 approx.), West …

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Parliamentary Standing Committee approves the draft Digital Personal Data Protection Bill, 2022

Filing of DPT-3 Return

As per the notification dated January 22nd, 2019, issued by the Ministry of Corporate Affairs (“MCA”), the filing of e-form DPT-3 needs to be undertaken by every company other than the Government company (and other exempted companies) thereby disclosing the outstanding receipt of money or loan taken by a company, which are not considered as …

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