MCA Notifies Levy Of Additional Fees Norms; SEBI Recongises Accreditation Agency: ELP Analysis

The Legal Library section collates quality and in-depth reports on regulatory developments, court rulings and policy changes authored by India’s top law firms and consultants. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of law and policy..ELP Update.The Ministry of Corporate Affairs has notified certain important changes in relation to payment of additional fees for delay in submitting, filing, registering or recording, of certain documents, fact or information under the provisions of the Companies Act, 2013 (CA2013). The changes are set to take effect from July 1, 2022. The changes are as follows:Levy of additional fees: Additional fees is payable for filing where any document, fact or information, in cases other than under Section 92 or Section 137 of CA2013, is filed after the expiry of the period provided for such submission, filing or registration in the relevant section. Levy of higher additional fees: Higher additional fees is payable for filing where there has been a default on two or more occasions in submitting, filing, registering or recording of any document, fact or information.In another important change, in order to enable the 'accredited investors' to seek certification under SEBI (Alternative Investment Funds) Regulations, 2012, the regulator has granted recognition to CDSL Ventures Ltd., a wholly owned subsidiary of Central Depository Services (India) Ltd., as an Accreditation Agency under AIF Regulations. On August 3, 2021, SEBI had introduced class of accredited investors in the AIF Regulations, to give flexibility to high value investors and fund managers, in their investments. To provide certain flexibility to AIs, a new class of AIF or scheme of AIF was also introduced which is referred to as 'large value fund for accredited investors'..Click on the attachment to read the full report:.DISCLAIMERThis alert does not constitute legal advice and is for information purpose only. This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

MCA Notifies Levy Of Additional Fees Norms; SEBI Recongises Accreditation Agency: ELP Analysis

MCA Notifies Levy Of Additional Fees Norms; SEBI Recongises Accreditation Agency: ELP Analysis

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