, CS GAURAV SHARMA

Friday, June 15, 2018

Corporate Updates 15th June 2018 Friday

  • Saudi Arabia’s PIF looks to invest in India’s infrastructure sector
  • India’s NSE looking to ease startup listing norms
  • Specialty chemicals maker Fine Organic to launch $89m IPO onJune 20
  • India’s Tata Steel Europe JV hits roadblock, but it is not a deal-breaker
  • ICICI Bank moves NCLT against Punj Lloyd to initiate insolvency proceedings
  • Sequoia-backed interior design startup HomeLane bags $3.5m from Brand Capital
  •  HDFC backs HomeKraft; QuEST buys Engicom; What’s Up Life funding; Incofin, SIDBI exit Annapurna
  • Zomato invests $15m in Loyal Hospitality, shuts cloud kitchen operations
  •  Oberoi Realty to tap QIP route to raise around $150m
  • France’s Teleperformance close to buying Blackstone-owned BPO Intelenet: Report
  • Hindusthan National Glass exits JV with Turkish firm, sells entire 11.23% stake
  • ICICI Bank to sell 2% stake in life insurance arm

Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2018

GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, 12th June, 2018
G.S.R-(E).- In exercise of the powers conferred by section 149 and 168 of read with section 469 of the Companies Act, 2013 ( 18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Appointment and Qualification of Directors) Rules, 2014, namely:-
1.(1) these rules may be called the Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2018.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Companies Appointment and Qualification of Directors) Rules, 2014, in the annexure, (i) for form DIR-3, the following form shall be substituted;-
(i) for form DIR-3, the following form shall be substituted;-
(ii) for form DIR-6, the following form shall be substituted;

Limited Liability Partnership (Amendment) Rules, 2018 notified by Ministry of Corporate Affairs

Government of India
Ministry of Corporate Affairs
Notification
New Delhi, Dated, 12th June, 2018
G.S.R. _ (E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 79 of the Limited Liability Parhrership Act, 2008 (6 ot 2009), the Central Government hereby makes the following rules further to amend the Limited Liability Partnership Rules, 2009, namely: –
1. (1) Short Title and commencement. – These rules may be called the Limited Liability Partnership (Amendment) Rules, 2018.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Limited Liability Partnership Rules,2009, in rule 10, –
(a) for sub-rule(1), the following sub-rule shall be substituted, namely: –
“(1) Every individual, who intends to be appointed as a designated partner of an existing limited liability partnership, shall make an application electronically in Form DIR-3 under the Companies (Appointment and Qualifications of Directors) Rules, 2014 for obtaining DPIN under the Limited Liability Partnership Act,2008 and such DIN shall be sufficient for being appointed as designated partner under the Limited Liability Partnership Act,2008.”.
(b) in sub-rule (4), for clause (i) , the following clause shall be substituted, namely: –
“(i) Every individual who has been allotted a DPIN or DIN under these rules, shall in the event of any change in his particulars, make an application in Form DIR-6 under Companies (Appointment and Qualifications of Directors) Rules, 2014 to intimate such change(s) to the Central Government change(s).”. within a period of thirty days of such change(s).”.