Amount received by private companies from their members, directors or their relatives before lst April, 2014 – Clariflcation regarding applicability of Companies (Acceptance of Deposits) Rules, 20l4

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The Ministry of Corporate Affairs has issued a General Circular No. 5/2015 dated 30th March, 2015 to provide clarification on the amounts received by the private companies before the commencement of the Act which is as follows: 1.Stakeholders have sought clarifications as to whether amounts received by private companies from their members, directors or their relatives prior to 1st April, 2014 s...
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Establishment of connectivity with both the Depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement

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It was prescribed vide SEBI circular no D&CC/FITTC/CIR-05/2001 dated December 26, 2001 that "the scrips of such companies which have not signed agreements and established connectivity with both the Depositories by September 30, 2001 shall be traded on Trade for Trade Settlement (TFTS) mode in the Rolling Settlement from December 31, 2001. These scrips will be moved into normal Rolling Settleme...
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Revised Regulatory Framework for NBFCs

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RBI/2014-15/520 DNBR (PD) CC.No. 024/ 03.10.001/ 2014-15 March 27, 2015 All NBFCs (excluding Primary Dealers) Dear Sirs, Revised Regulatory Framework for NBFCs Please refer to the revised regulatory framework issued vide DNBR (PD) CC.No. 002/ 03.10.001/ 2014-15 dated November 10, 2014 (the circular). At para 14 of the circular it was mentioned that the Notifications in this regar...
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DIPP moves cabinet to permit composite caps on FDI

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In an effort to simplify the foreign direct investment regime, the department of industrial policy and promotion has moved a note to the Cabinet to do away with the distinction between different types of foreign investments through a composite cap on foreign investments. The move, aimed to promote ease of doing business in India, was announced by Finance Minister Arun Jaitley in the budget last...
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SEBI sets cap on application money; requires issuer to demand 25% of issue price in case of part payment

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1.These regulations may be called the SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2015. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, – (i) in regulation 4, in sub-regulation (3), - A. in clause (a), th...
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Amendments made to SEBI’s important regulations

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SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE AND LISTING OF DEBT SECURITIES) (AMENDMENT) REGULATIONS, 2015   The Board has come out with certain alterations in Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, by making amendments in the  following regulations: ─         i.        After Regulation 17, a new re...
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Companies can access all the professional services as a one step solution very soon

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In a move that could significantly alter the road map of corporate compliance, audit and consulting, three professional bodies are preparing a regulatory framework to allow a single entity to provide all such services to a company as early as this year. The Institute of Chartered Accountants of India, the Institute of Company Secretaries of India and the Institute of Cost Accountants of India a...
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Acquisition/transfer of immovable property – Prohibition on citizens of certain countries

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RBI/2014-15/495 A.P.(DIR Series) Circular No.83 March 11, 2015 To All Category – I Authorised Dealer Banks Madam / Sir, Acquisition/transfer of immovable property – Prohibition on citizens of certain countries Attention of Authorised Dealers in Foreign Exchange is invited to Regulation 7 of Foreign Exchange Management (Acquisition and Transfer of immovable property in India) Regulat...
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Training on Introduction to PE/VC Financing at Delhi on 24th April, 2015

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Getting a  company off the ground and even its expansion requires money and raising the right kind of finance is still difficult in India. Private equity is an increasingly important source of finance for companies with high-growth potential. The goal of private equity is to recognize and help more businesses achieve their objectives for growth by providing them with finance, strategic adv...
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Guidelines on Sale of Financial Assets to Securitisation Company / Reconstruction Company and Related Issues

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RBI/2014-15/508 DBR.No.BP.BC.78/21.04.048/2014-15 March 20, 2015 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Guidelines on Sale of Financial Assets to Securitisation Company / Reconstruction Company and Related Issues Please refer to paragraph 6 of the circular DBOD.BP.BC.No.96/21.04.048/2002-03 dated April 23, 2003, wherein disclosure requir...
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