Clarifications to Queries on Guidelines for Licensing of New Banks in the Private Sector
Clarifications to Queries on Guidelines for Licensing of New Banks in the Private Sector In providing the clarifications, an attempt has been made to assist potential applicants in understanding the terms of the guidelines. The clarifications are specific to the queries and must be read in the overall context of the guidelines. Q.1. Is it compulsory for the… Read More
Tags: Common stock, NOFHC, Percentage, Promoter Group, Public company, Securities & Exchange Board of India, Shareholder, The Companies Act 1956
SEBI Clarification on Scheme of Arrangement under the Companies Act, 1956
CIRCULAR CIR/CFD/DIL/8/2013 Date: May 21, 2013 To The Stock Exchanges Dear Madam / Sir, Sub: Scheme of Arrangement under the Companies Act, 1956 Revised requirements for the Stock Exchanges and Listed Companies - Clarification 1. This is with reference to SEBI Circular No. CIR/CFD/DIL/5/2013 dated February 4, 2013 on the captioned subject. 2. Subsequent to… Read More
Tags: chartered accountant, February 4 2013, Independent Chartered Accountant, Public company, SEBI, Securities & Exchange Board of India, Stock exchange, The Companies Act 1956
SEBI Issues Frequently Asked Questions on ‘Business Responsibility Reports’
SEBI has issued 'Frequently Asked Questions' (FAQs) on 'Business Responsibility Reports' ("BR Reports") providing clarifications/ interpretations to various queries received on SEBI Circular dated August 13, 2012 on 'Business Responsibility Reports'. In the larger interest of public disclosure regarding steps taken by listed companies from Environmental, Social and Governance (ESG) perspective, SEBI had mandated inclusion… Read More
Tags: Annexation, Business, India, Ministry of Corporate Affairs, Public company, SEBI, Securities & Exchange Board of India, Stock exchange
Companies eligible for shifting from Trade for Trade Settlement to Normal Rolling Settlement
Securities and Exchange Board of India CIRCULAR CIR/MRD/DP/ 15 /2013 April 29, 2013 To, All Stock Exchanges Dear Sir / Madam, Sub: Establishment of Connectivity with both depositories NSDL and CDSL Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement 1. It is observed from the information provided by the depositories… Read More
Tags: Annexation, Central Depository Services Limited, National Securities Depository Limited, Public company, SEBI, Securities and Exchange Board of India, Stock exchange, Transfer Agent
Concept of Private Listed Company
Well any literate will take the above title as contradictory and absurd as there can be no such company which is privately held and still a publicly traded company. I want to assure our readers that the title is not my creativity, but what is proposed by Companies Bill, 2012 (herein after referred as Bill).… Read More
Tags: Bill, Companies Act, India, Maxima and minima, Privately held company, Public company, Sahara, Securities & Exchange Board of India, Stock exchange, The Companies Act 1956
Takeover Regulation – Making and Withdrawing Voluntary Open Offer
INTRODUCTION Efficient and smooth functioning takeover market plays an important role in economic development of the country. Takeover market serves as a monitor for managers of a public company, who are endowed with the duty of efficient working of the company, and inefficient working of public company, will be faced with the reduction in value… Read More
Tags: City Code on Takeovers and Mergers, India, MOO, Public company, Regulation, SEBI, Securities & Exchange Board of India, Share (finance)
Importance of Prospectus as a Tool for Investor Protection in India
INTRODUCTION The definition of ˜prospectus™ in the Indian Companies Act, 1956 (the Act) was based on the definition found in the English Companies Act [Section 455(1)].[1] It then underwent amendment in 1960 following the recommendation of the Companies Act Amendment Committee of 1957 and also in 1974.[2] The current definition as per Section 2(36) stands… Read More
Tags: canada, Companies Act, Debenture, New Brunswick, Prospectus (finance), Public company, Securities & Exchange Board of India, The Companies Act 1956
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