Securities and Exchange Board of India

Buy back of Shares – Need of Listed and Unlisted Companies

Buy back of Shares: Need of Listed and Unlisted Companies Ishwar Ahuja & Isha Gandhi* Outline When Companies with outstanding businesses and comfortable financial positions find their shares selling far below the intrinsic value in the marketplace, no alternative action can benefit shareholders as surely repurchases. - Warren Buffett The term Buy back has two… Read More

Tags: Bank of EnglandCompanies ActCompanies Act 1956Diluted earnings per shareIndiaPublic companySecurities and Exchange Board of IndiaWarren Buffett

Centralized Database for Corporate Bonds/Debentures

"High Level Expert Committee on Corporate Bonds and Securitization" ("Dr. R.H. Patil Committee") had recommended creation of "Centralized Database of information regarding Bonds". While the information in respect of various bonds/debentures issued by issuers is available in a fragmented manner, it is felt that there is a need for having a comprehensive database on corporate bonds… Read More

Tags: BondCentral Depository Services LimitedCorporate bondCredit rating agencySEBISecurities and Exchange Board of IndiaSecuritizationStock exchange

Agenda for Assocham’s M&A Conference to be held in New Delhi on 24th Oct 2013

ASSOCHAM National Conference on Mergers & Acquisitions in the Era of New Company Law On 24th October (Thursday), 2013 at Hotel Le-Meridien New Delhi REGISTRATION   (9:15-9:45  AM) INAUGURAL SESSION  (9:45-11:00 AM) Welcome Speech Shri Pavan Kumar Vijay, Chairman,  ASSOCHAM  M&A Council & MD, Corporate Professionals Capital Pvt. Ltd Overview Shri G.P. Madaan, Co - Chairman, ASSOCHAM National Council on M&A, Founder… Read More

Tags: ASSOCHAMChairmanIndiaKPMGMergers & AcquisitionsNew DelhiRegulatory ApprovalsSecurities and Exchange Board of India

Consultative Paper on proposed SEBI (Real Estate Investment Trusts) Regulations for Public Comments

The Consultative Paper and draft SEBI (Real Estate Investment Trusts) Regulations are placed on SEBI website for Public Comments. The full text of the Consultative Paper and the draft Regulations is available on here. Click here. Comments are invited on the Consultative Paper latest by October 31, 2013. ------------------------------------------------------------ Excerpts from the Paper 1. Background  1. India™s… Read More

Tags: IndiaReal EstateReal estate investment trustReal Estate Investment Trusts: Structure Performance and Investment Opportunities (Financial Management Association Survey and Synthesis Series)REITSecurities and Exchange Board of IndiaSingaporeUnited States

Bring in the Foreign Investor – Drop the Retrospective Tax

It took the rupee to have a lowest ever fall for the Government to understand that the decision of retrospective amendments to tax was a big blow to the Indian economy. The foreign investor had lost trust in India after seeing the regulatory barriers and was reluctant to do business in India. There are 16… Read More

Tags: Corporate Affairs MinistryEconomy of IndiaFinance ActGovernmentIndiaSecurities and Exchange Board of IndiaSupreme CourtWorld Bank

Draft Rules under Companies Act 2013 :: Chapter XVII :: Registered Valuers

Click Here to Download the Draft Rules for Chapter XVII -------------------------------------------------------------------------------------------- DRAFT RULES UNDER COMPANIES ACT, 2013 CHAPTER XVII REGISTERED VALUERS Definition  17.1 ˜Registered Valuer™ means a person registered as a Valuer under Chapter XVII of the Act. Registration as Valuers.  17.2 (1) For the purposes of sub-section (1) of section 247, the Central Government… Read More

Tags: Central GovernmentCompanies ActCompetent authorityCorporate Affairs MinistryfinanceGovernment of IndiaLimited liability partnershipSecurities and Exchange Board of India

Income-tax ( 15th Amendment) Rules, 2013

[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) Notification No. 68/2013 New Delhi, the day of 4th September, 2013 INCOME-TAX S.O. 2668(E) - In exercise of the powers conferred by sub-section (3) of section 115TAread with section 295 of… Read More

Tags: CITESGazette of IndiaIncome Tax ActIncome Tax Act 1961IndiaNew DelhiSecurities and Exchange Board of IndiaTaxation in India

Issue of Bank Guarantee on behalf of person resident outside India for FDI transactions

RBI/2013-14/230 A.P. (DIR Series) Circular No.37 September 05, 2013 To, All Category - I Authorised Dealer banks Madam / Sir, Issue of Bank Guarantee on behalf of person resident outside India for FDI transactions Attention of the Authorised Dealer Category I (AD Category - I) banks is invited to the Foreign Exchange Management (Transfer or… Read More

Tags: Anno DominiForeign Exchange ManagementForeign Exchange Management ActIndiaMay 3 2000Reserve Bank of IndiaSecurities and Exchange Board of IndiaSurety

Income-tax (13th Amendment) Rules, 2013 – Statement of income paid or credited by Venture Capital Company or Venture Capital Fund to be furnished under section 115U

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION NO. 59/2013 DATED 5-8-2013 S.O. 2364(E)-In exercise of the powers conferred by sub-section (2) of section 115U read withsection 295 of the Income-tax Act, 1961 (43 of 1961), the… Read More

Tags: Alternate Investment FundAustraliaBusinessFinancial servicesInvestmentOceaniaSecurities and Exchange Board of IndiaVenture capital

Competition Commission of India to issue order in the case against Coal India Limited shortly

Competition Commission of India (CCI) is expected to issue the order in the case against Coal India Limited shortly. This was stated by Mr. Ashok Chawla, Chairman, CCI during the deliberations of the 3rd meeting of the Eminent Persons Advisory Group (EPAG) in the capital today. Mr. Chawla also informed that the case in respect… Read More

Tags: cciChairmanCoal IndiaCompetition Commission of IndiaForeign Investment Promotion BoardGovernmentGurcharan DasSecurities and Exchange Board of India

Master Circular- Exemptions from the provisions of RBI Act, 1934

RBI/2013-14/38 DNBS.PD. CC.No.336/03.02.004/2013-14 July 1, 2013 (i) The Secretary, Ministry of Finance (ii) The Chairman, Securities and Exchange Board of India (iii) President of the Institute of Chartered Accountants of India (iv) President of the Institute of Company Secretaries of India (v) Associations of NBFCs Dear Sirs, Master Circular- Exemptions from the provisions of RBI… Read More

Tags: BankIndiaInstitute of Chartered Accountants of IndiaMaster Circularministry of financeReserve Bank of IndiaRun batted inSecurities and Exchange Board of India

Department of Disinvestment discussions with SEBI on Neyveli Lignite Corporation stake

Department of Disinvestment asks the Government of Tamil Nadu to Nominate Senior Official for further discussions with SEBI with regard to its proposal to buy stake in Neyveli Lignite Corporation (NlC) through its State Undertakings Department of Disinvestment, Ministry of Finance, Government of India has requested the Government of Tamil Nadu to nominate senior official… Read More

Tags: Coal MinistryGovernment of Indiaministry of financeNeyveli Lignite CorporationSEBISecurities and Exchange Board of IndiaTamil NaduTamil Nadu Government

Disinvestment of 5 percent paid up equity in Neyveli Lignite Corporation Ltd.

The Cabinet Committee on Economic Affairs today approved the disinvestment of 5 percent equity of Neyveli Lignite Corporation (NLC), out of its holding of 93.56 percent through an Offer For Sale (OFS) in the domestic market according to Securities and Exchange Board of India (SEBI) rules and regulations. The authorized capital of NLC is Rs. 2,000… Read More

Tags: Coal MinistryIndiaNavratnaNeyveli Lignite CorporationNLCPublic sectorSecurities and Exchange Board of IndiaTamil Nadu

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