MCALegal Corporate & Legal Advisors

19/03/2021

Training opportunities for CS trainees at Corporate Law Firm and Secretarial Firm

Preference shall be given to candidates cleared all groups or atleast two groups of Professional level. Stipend is above ICSI Guidelines and on periodic revision basis. Selection on interview basis.

Practice ares of the Firm:
Corporate Laws, Corporate litigation, Secretarial works of Listed and other Companies, FEMA, Labour laws, Stamp Act, Securities Laws, Legal Due Diligence and Health checkups, Petitions under Insolvency and Bankruptcy Code, Secretarial Audits, Listed Compliance, Corporate Restructuring (Mergers, De-merger), Writ Petitions with High Courts and NCLT & NCLAT matters, NBFC and Housing Finance Company, Legal Opinions, Takeovers, Briefing Senior Counsel etc.

Candidates are expected to have representation capabilities before Clients, Courts and departments.

Interested candidates may post CV at [email protected]

Office at: 2nd floor Manish Chambers
Mayur Vihar ph 2, Delhi 91
Contact 9899794860

Our Services

19/03/2021

30/11/2020

Corporate Law Firm training opportunity for CS trainees.

Preference shall be given to candidates cleared all groups or atleast two groups of Professional level. Stipend is above ICSI Guidelines and on periodic revision basis. We select candidates on interview basis.

Practice ares of the Firm is Corporate Laws, Secterarial practices, FEMA, Labour laws, Stamp Act, Securities Laws, Legal Due Diligence, Corporate Restructuring, High Court and NCLT matters, Legal Opinions etc.

Proven record for post training placement of CA trainees with Law firm/top listed Indian Companies and MNCs.

Interested candidates may post CV at [email protected]
Mohit Chaurasia & Associates,Corporate &Legal Advisors
2nd floor Manish Chambers
Mayur Vihar ph 2, Delhi 91.

Contact 9899794860
www.mcalegal.in

29/02/2020

M&A
S- 230-232

Order has been released by Hon'ble NCLT, Principal Bench post pronouncement dated 27.02.2020.

Regards
Manish Bhardwaj
MCA LEGAL

11/01/2020

***𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐄 𝐋𝐀𝐖 𝐔𝐏𝐃𝐀𝐓𝐄𝐒***

Amendment to the Indian Stamp Act, 1899 are now effective from April 01, 2020

The Government vide notification S.O. 115(E) has revised the date of enforcement of provisions relating to amendments to the Indian Stamp Act, 1899 from 09.01.2020 to 01.04.2020. The amendments seek to introduce a single point for collection of stamp duty by authorized entities for issuance and transfer of securities and subsequent distribution of the duty collected to states.

The Finance Act has also amended the Schedule I of the Stamp Act, to change some existing duties and provides for new duties in case of transactions related sale or transfer.

Some of key stamp duty rates are outlined below:

Issue of debenture - 0.005%
Transfer and re-issue of debentures - 0.0001%
Issue of security other than debenture - 0.005%
Transfer of security other than debenture on delivery basis - 0.015%
Transfer of security other than debenture on non-delivery basis - 0.003%

Derivatives:
(i) Futures (equity and commodity) - 0.002%
(ii) Options (equity and commodity) - 0.003%
(iii) Currency and interest rate derivatives - 0.0001%
(iv) Other derivatives - 0.002%
Government securities - 0%
Repo on corporate bonds - 0.00001%

Regards
Manish Bhardwaj

𝐌𝐨𝐡𝐢𝐭 𝐂𝐡𝐚𝐮𝐫𝐚𝐬𝐢𝐚 & 𝐀𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐞𝐬
𝐌𝐂𝐀𝐋𝐞𝐠𝐚𝐥 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 & 𝐋𝐞𝐠𝐚𝐥 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐬

Website: www.mcalegal.in
E-mail: [email protected]

10/01/2020

Corporate Law Firm training opportunity for CS trainees.

Preference shall be given to candidates cleared all groups or atleast two groups of Professional level. Stipend is above ICSI Guidelines and on periodic revision basis. We select candidates on interview basis.

Practice ares of the Firm is Corporate Laws, Secterarial practices, FEMA, Labour laws, Stamp Act, Securities Laws, Legal Due Diligence, Corporate Restructuring, High Court and NCLT matters, Legal Opinions etc.

Proven record for post training placement of CS trainees with Law firm/top listed Indian Companies and MNCs.

Interested candidates may post CV at [email protected]
Mohit Chaurasia & Associates,Corporate &Legal Advisors
2nd floor Manish Chambers
Mayur Vihar ph 2, Delhi 91.

Contact 9899794860

07/01/2020

***𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐄 𝐋𝐀𝐖 𝐔𝐏𝐃𝐀𝐓𝐄𝐒***

IBBI amends norms for Liquidation process

The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Liquidation process) (Amendment) Regulations, 2020.

The Amendment provides that a Liquidator shall deposit the amount of unclaimed dividends, if any, and undistributed proceeds, if any, Liquidation process along with any income earned thereon into Corporate Liquidation Account before he submits an application for dissolution of the Corporate Debtor.

Regards
Manish Bhardwaj

𝐌𝐨𝐡𝐢𝐭 𝐂𝐡𝐚𝐮𝐫𝐚𝐬𝐢𝐚 & 𝐀𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐞𝐬
𝐌𝐂𝐀𝐋𝐞𝐠𝐚𝐥 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 & 𝐋𝐞𝐠𝐚𝐥 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐬

Website: www.mcalegal.in
E-mail: [email protected]

06/01/2020

***𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐄 𝐋𝐀𝐖 𝐔𝐏𝐃𝐀𝐓𝐄𝐒***

Update on Appointment of CS and PCS:

MCA amends Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 as Companies (Appointment and Remuneration of Managerial Personnel) Amenement Rules, 2020. They shall be applicable from 01.04.2020 onwards.

Ministry of Corporate Affairs amends the Rule 8A and provides that Every Private Company which has a Paid up Share Capital of Ten crore rupees or more shall have a Whole -time Company Secretary."

Further, the MCA has also amended the Rule 9 to extent the scope of Secretarial Audit Report and now it is mandatory also for Every company having outstanding loans or borrowings from banks or public financial institutions of one hundred crore rupees or more. Earlier, there were only two criteria one is for Listed Company and other is for Public Company whose:

1. Paid-up share capital of fifty crore rupees or more; or

2. Turnover of two hundred fifty crore rupees or more.

Regards
Manish Bhardwaj

𝐌𝐨𝐡𝐢𝐭 𝐂𝐡𝐚𝐮𝐫𝐚𝐬𝐢𝐚 & 𝐀𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐞𝐬
𝐌𝐂𝐀𝐋𝐞𝐠𝐚𝐥 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 & 𝐋𝐞𝐠𝐚𝐥 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐬

Website: www.mcalegal.in
E-mail: [email protected]

As per the rules of the Bar Council of India, we are not permitted to solicit work and advertise. The user acknowledges the following: There has been no advertisement, personal communication, solicitation, invitation or inducement of any sort whatsoever from us or any of our members to solicit any w...

04/01/2020

***𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐄 𝐋𝐀𝐖 𝐔𝐏𝐃𝐀𝐓𝐄𝐒***

IBC:

Home buyers, who purchased residential flat is a Financial Creditor and can initiate CIRP(Corporate Insolvency Resolution Process) against defaulting builder who had defaulted to refund booking amount on its failure to give possession of flat on time.

NCLT, New Delhi Bench

𝐑𝐮𝐛𝐲 𝐊𝐮𝐦𝐚𝐫𝐢 𝐯. 𝐊𝐫𝐢𝐬𝐡𝐧𝐚 𝐀𝐬𝐬𝐞𝐭𝐬 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐞𝐫𝐬 (𝐏.) 𝐋𝐭𝐝.

Regards
Manish Bhardwaj

𝐌𝐨𝐡𝐢𝐭 𝐂𝐡𝐚𝐮𝐫𝐚𝐬𝐢𝐚 & 𝐀𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐞𝐬
𝐌𝐂𝐀𝐋𝐞𝐠𝐚𝐥 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 & 𝐋𝐞𝐠𝐚𝐥 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐬

Website: www.mcalegal.in
E-mail: [email protected]

As per the rules of the Bar Council of India, we are not permitted to solicit work and advertise. The user acknowledges the following: There has been no advertisement, personal communication, solicitation, invitation or inducement of any sort whatsoever from us or any of our members to solicit any w...

04/01/2020

***𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐄 𝐋𝐀𝐖 𝐔𝐏𝐃𝐀𝐓𝐄𝐒***

Guidelines on repatriation of dividends by the Insurance Intermediaries having by Foreign Investors: IRDAI

The IRDAI has notified the IRDAI (Insurance Intermediaries) (Amendment) Regulations, 2019 for allowing 100% FDI in insurance intermediaries.
One of the conditions specified in the said regulation is that insurance intermediary that has majority shareholding for foreign investors shall take approval of the authority for repatriation of dividends.

Regards
Manish Bhardwaj

𝐌𝐨𝐡𝐢𝐭 𝐂𝐡𝐚𝐮𝐫𝐚𝐬𝐢𝐚 & 𝐀𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐞𝐬
𝐌𝐂𝐀𝐋𝐞𝐠𝐚𝐥 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 & 𝐋𝐞𝐠𝐚𝐥 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐬

Website: www.mcalegal.in
E-mail: [email protected]

04/01/2020

***𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐄 𝐋𝐀𝐖 𝐔𝐏𝐃𝐀𝐓𝐄𝐒***

ESOPs cannot be issued to employees of Promoter Company: SEBI clarifies

The Market Regulator SEBI has issued INFORMATIVE GUIDANCE wherein it has clarified that ESOP could not be issued to the employees of their promoter company.

Regards
Manish Bhardwaj

𝐌𝐨𝐡𝐢𝐭 𝐂𝐡𝐚𝐮𝐫𝐚𝐬𝐢𝐚 & 𝐀𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐞𝐬
𝐌𝐂𝐀𝐋𝐞𝐠𝐚𝐥 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 & 𝐋𝐞𝐠𝐚𝐥 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐬

Website: www.mcalegal.in
E-mail: [email protected]