Highlights:
Corporate Brief
• MCA notification on the Companies (Appointment and Qualification of Directors) Rules, 2014.
• SEBI circular on streamlining the procedure required for seeking prior approval for change in control of Portfolio Managers.
• SEBI circular regarding strengthening the Investor Grievance Redressal Mechanism.
• RBI notification on provision of service of doorstep banking.
• RBI notification on discontinuation of return under Foreign Exchange Management Act, 1999.
• MCA notification on Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016.
• MCA notification on Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2022.
• SEBI circular regarding disclosure of shareholding.
RERA Brief
• Order No. 30/2022 MahaRERA/Secy/File No. 27/136/2022 dated 03.06.2022 regarding the submission of proforma of Allotment letter and Agreement for sale at the time of registration in compliance with Clause (g) of Sub-section 2 of Section 4 of RERA.
• Public Notice No. K-RERA/T/102/2020 dated 8.06.2022 regarding the granting of registration for real estate projects with respect to submission of registration application.
• Notice No. 384/K-RERA 12022 dated 10.06.2022 regarding the filing of complaints and payment of fee through online registration
• Order No. 809/KRERA/2022 dated 23.06.2022 issued by Kerala Real Estate Regulatory Authority in regard to the procedure for filing application for setting aside ex-parte orders, application for restoration of complaints, petitions for restoration of orders and other instructions
• Notice dated 24.06.2022 issued by the Real Estate Regulatory Authority for the NCT of Delhi regarding holding physical hearings.
NCLT Brief
• CASE ANALYSIS: MAHENDRA KUMAR JAJODIA ETC. VS. STATE BANK OF INDIA [CIVIL APPEAL NO. 1871-1872 OF 2022]
Litigation Brief
• A party cannot claim post-award interim relief under Section 9 of the Arbitration and Conciliation Act, 1996 (“the Act”) that is beyond the final relief granted by the Arbitrator