The weekly messenger | Edition 02.21
This newsletter is a weekly compilation of accounting, auditing and related regulatory news from different accounting and regulatory bodies in India and overseas.
REGULATORY NEWS
Handbook on Audit of CSR Activities – 11 January 2021
The Corporate and Social Responsibility (CSR) Committee of the ICAI has issued a publication namely ‘Handbook on Audit of CSR Activities’, which provides detailed guidance on the auditing aspects of CSR spends and the roles and responsibilities of members of the ICAI.
For more information, click here.
SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2021 – 8 January 2021
The Securities and Exchange Board of India (SEBI) has issued the SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2021, wherein in clause 16 of Part A of Schedule III, certain amendments have been made w.r.t. events/information in relation to the corporate insolvency resolution process (CIRP) of a listed corporate debtor under the Insolvency Code, upon occurrence of which, the listed company is required to make a disclosure to a stock exchange.
These Regulations shall come into force w.e.f. 8 January 2021.
For more information, click here.
SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2021 – 8 January 2021
The SEBI has also issued the SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2021, wherein the certain amendments have been made in the following regulations:
- Regulation 112, which deals with requirement of minimum promoters’ contribution not applicable in certain cases;
- Regulation 115, which deals with Lock-in of specified securities held by the promoters;
- Regulation 167, which deals with Lock-in and restriction on transferability of specified securities.
These Regulations shall come into force w.e.f. 8 January 2021.
For more information, click here.