Corporate laws Manual 2017

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Ministry of Corporate affairs

The Ministry is primarily concerned with administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008 & other allied Acts and rules & regulations framed there-under mainly for regulating the functioning of the corporate sector in accordance with law.

Besides, it exercises supervision over the three professional bodies, namely, Institute of Chartered Accountants of India(ICAI), Institute of Company Secretaries of India(ICSI) and the Institute of Cost Accountants of India (ICAI) which are constituted under three separate Acts of the Parliament for proper and orderly growth of the professions concerned.

The Ministry also has the responsibility of carrying out the functions of the Central Government relating to administration of Partnership Act, 1932, the Companies (Donations to National Funds) Act, 1951 and Societies Registration Act, 1980.


1 Companies Act, 2013
A. Notifications issued under Companies Act, 2013
B. Orders issued under Companies Act, 2013
C. Circulars & Clarifications issued under Companies Act, 2013
2 The Securities and Exchange Board of India Act, 1992
3 The Securities Contracts (Regulation) Act, 1956
4 The Depositories Act, 1996 

5. Arbitration and Conciliation (Amendment) Act, 2015

6. Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Act, 2015

7 The Emblems and Names (Prevention of Improper Use) Act, 1950
8 The Preference Shares (Regulation of Dividends) Act, 1960
9 Foreign Exchange Management Act, 1999
11 The Industries (Development and Regulation) Act, 1951
12 The Sick Industrial Companies (Special Provisions) Act, 1985
13 The Consumer Protection Act, 1986
14 The Company Secretaries Act, 1980
15 Foreign Contribution (Regulation) Act, 2010
16 Foreign Trade (Development and Regulation) Act, 1992
17 The Competition Act, 2002
18 The Sick Industrial Companies (Special Provisions) Repeal Act, 2003
19 Companies (Auditor’s Report) Order, 2003
20 The Prevention of Money Laundering Act, 2002
21 The Right to Information Act, 2005
22 Real Estate (Regulation and Development) Act, 2016
23 The Chartered Accountants Act, 1949
24 The Cost and Works Accountants Act, 1959
25 The Limited Liability Partnership Act, 2008

26.Insolvency and Bankruptcy Code, 2016

27.Societies Registration Act, 1860

28. Companies (Donation to National Fund) Act,1951


 Important Circulars 

*Members of professional institutes arrested by law enforcement agencies for criminal offences – Deirections of Central Government

*Appointment of Complaints Committee as guidelines and norms to be observed to prevent sexual harassment of working women in the Hon’ble Supreme Court’s Judgement in the case of Vishaksha Vs State of Rajasthan


Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
SEBI Circular regarding SEBI (ICDR) Regulations
I. Modes of despatch of refunds in public issues
II. Extending number of centers where refund shall be made through ECS in public/rights issues
III. Instructions to registered Merchant Bankers regarding PAN and procedure for addressing issue related complaints
IV. Additional mode of payment through Applications Supported by Blocked Amount (hereinafter referred to as “ASBA”)
V. Effective date of ASBA process and clarification on clause 2.8 of SEBI (Disclosure and Investor Protection (DIP)) Guidelines, 2000
VI. Applications Supported by Blocked Amount (ASBA) facility in Rights Issues
VII. Application Supported by Blocked Amount (ASBA) process

A. SEBI Circular related to ASBA issued Post Regulations
1. Applications Supported by Blocked Amount (ASBA) facility in public issues and rights issues
2. Applications Supported by Blocked Amount (ASBA) facility in public issues
3. Reduction in time between issue closure and listing
4. Applications Supported by Blocked Amount (ASBA) facility in public issues
5. Applications Supported by Blocked Amount (ASBA) facility in public issues
6. Applications Supported by Blocked Amount (ASBA) facility
7. Adjustment of differential pricing amount at the time of application for allotment of specified securities
8. Contents of Application-Cum-Bidding Form and Manner of disclosure
9. Disclosure of Price Information of past issues handled by Merchant Bankers
10. Application Supported by Blocked Amount (ASBA) facility in public/rights issue
11. Application Supported by Blocked Amount (ASBA)
12. Public issues in electronic form and use of nationwide broker network of Stock Exchanges for submitting application forms
13. Application Supported by Blocked Amount (ASBA) facility in public/rights issue
14. Application Supported by Blocked Amount (ASBA) facility

B. Jurisdiction of SEBI Offices for Filing of Offer Documents
1. Filing of offer documents with the Board under Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
2. Filing Offer Documents under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009
3. Filing Offer Documents with SEBI under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009
4. Filing Offer Documents under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009
5. Filing Offer Documents under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009

C. Illustrative format of Statement of Assets & Liabilities in SEBI (ICDR) Regulations, 2009

D. Increasing the investment bucket for anchor investor and regulations concerning the preferential issue norms — Amendments to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009

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