Developments in India’s Balance of Payments during the First Quarter (April-June) of 2014-15

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Preliminary data on India's balance of payments (BoP) for the first quarter (Q1), i.e., April-June, of the financial year 2014-15, are now available and presented in Statements I and II. While Statement I presents BoP data in BPM6 format, Statement II provides the same as per the old format.Developments in India's BoP during April-June 2014 India's current account deficit (CAD) narrowed ...
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Share Application Money Pending Allotment to be reported to ROC in Form 5 INV

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A brief analysis of the provisions of Investor Education and Protection Fund and the rules made there under. As the companies are receiving notices from ROC for non-filing of Form5 INV the following are the compliances required for avoiding the non-compliance. The Investors Education & Protection Fund (IEPF) rules make it mandatory to file Form 5 INV in the following cases: (a) Amount ...
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SEBI disseminates information regarding Grievance Redressal Mechanism

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The Securities and Exchange Board of India has been taking various measures to create awareness among the investors about grievance mechanisms available through various worshops and electronic media. As an additional obligation, all those who deal in the business of securities, brokers and all  the sub- brokers and depository participants shall display the basic information as provided in Anne...
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Clarification for Accounting Standard 10 w.r.t Capitalization of Costs

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The Ministry of corporate affairs has issued a general circular no. 35 with respect to provide clarification on Accounting Standard 10 issued by Institute of Chartered Accountants of India. The clarifications were sought with respect to Capitalization of borrowing costs incurred during the extended delay in commercial production beyond the developer's control and whether Capitalization of power pl...
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MCA General Information w.r.t availability and version of certain e-forms

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The Ministry of Corporate Affairs has issued a General Notice dated 30th August, 2014 for all the stakeholders informing that the e-Form prescribed under the Company Law Settlement Scheme, 2014 Form CLSS-2014, shall be made available from 1st September, 2014. All such Companies covered under such scheme planning to avail the benefit of such scheme can file such form from the very particular effect...
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Purchase and sale of securities other than shares or convertible debentures of an Indian company by a person resident outside India

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RBI/2014-15/197 A.P. (DIR Series) Circular No.22 August 28, 2014 To All Category – I Authorised Dealer Banks Madam/ Sir, Purchase and sale of securities other than shares or convertible debentures of an Indian company by a person resident outside India Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Trans...
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Raised FDI limit changes from 26% to 49% gets notified by DIPP

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The Department of Industrial Policy and Promotion (DIPP) has notified changes to the foreign direct investment policy for defence approved by the Government earlier. The foreign direct investment limit has been raised from 26% to 49% but over and above this increased percentage government approval shall be mandatory. Further, it is a composite limit and shall include FDI, FII, Qualified foreign...
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Seminar by VCCIRCLE Training: FEMA & FDI Policy – Emerging Issues and Recent Developments

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India is one of the largest FDI destinations in the world. With the relaxation of foreign exchange restrictions, there has been a significant flow of investments into India. At the same time, Indian businesses have been making investments and acquisitions overseas. With the inbound and outbound investments rising, it is essential to understand the rules, regulations and polic...
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Revised format for disclosure under Regulation 30 of SEBI ( Substantial Acquisition of shares & Takeover) Regulations, 2011

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The Securities and Exchange Board of India (SEBI) vide circular dated 25th August, 2014 has issued revised disclosure format for reporting under Regulation 30 of SEBI ( Substantial Acquisition of shares & Takeover) Regulations, 2011. This circular shall come into force with immediate effect. Regulation 30 of SEBI ( Substantial Acquisition of shares & Takeover) Regulations, 2011 whi...
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SEBI to act firm in high – profile insider trading cases

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The apex regulatory body of the Capital Market Securities and Exchange Board of India is acting firm to sensitize the manipulators. SEBI is initiating harsh actions in cases of high-profile insider trading and also glaring the violations thereof. A revision of nearly two-decade old set of insider trading regulations is currently underway and the new norms are expected to be put in place in abou...
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