ZEUS Newsletter July 2022

                                                                                                                                  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

ZEUS Newsletter July 2022