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August 2019 On August 16, 2019, the Ministry of Corporate Affairs (“MCA”) amended the Companies (Share Capital and Debentures) Rules, 2014 (“SCD Rules”) and issued the Companies (Share Capital and Debentures) Amendment Rules, 2019 (“Revised SCD Rules”). This edition of the alert apprises you with the amendments pertaining...

July 2019 On March 29, 2019, the Telecom Regulatory Authority of India (“TRAI”) released a Consultation Paper on Review of Terms and Conditions for registration of Other Service Providers, which was open for comments and counter-comments upto May 20, 2019 and June 3, 2019, respectively....

July 2019 The Significant Beneficial Ownership Rules, 2019 (“the Rules”) issued by Ministry of Corporate Affairs’ (“MCA”) through its notification dated February 8, 2019. The Rules mandate Indian companies (“Reporting Companies”) to furnish a declaration with the Registrar of Companies (“ROC”) notifying their Significant Beneficial...

May 2019 NCLT Second Amendment Rules, 2019 MCA notified National Company Law Tribunal (Second Amendment) Rules, 2019 on May 8, 2019. By this notification, it has amended rule 84 and prescribed the eligibility norms for filing CAS under Section 245 of the Companies Act, 2013....

May 2019 Over-the-Top Communication Services (“OTTs”) are service providers which provide information and communication technology services (such as voice, text, audio, or video based communication) without owning or operating a network. Instead, OTT providers rely on the global internet to reach the user, hence going...