Excerpts from SEBI Board Meeting
The SEBI Board met in Mumbai today and took the following decisions: 1. The Amendment to Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 The Securities Laws (Amendment) Ordinance, 2013 provides for regulation of pooling of funds under any scheme or arrangement, involving a corpus amount of one hundred crore rupees or… Read More
Tags: Collective investment scheme, Financial Stability Board, Mumbai, National Housing Bank, Search and seizure, SEBI, Securities & Exchange Board of India, Shelf registration
SEBI releases Paper seeking public comments on proposals for allowing certain class of companies to file shelf prospectus for public issuance of non-convertible debt securities
Proposals for allowing certain class of companies to file shelf prospectus for public issuance of non-convertible debt securities - Paper seeking public comments Every issuer is required to file a Prospectus with Registrar of Companies before making a public issue. To enable frequent issuers to raise money, without undergoing the procedure for filing Prospectus for every issuance, the… Read More
Tags: Companies Act, Fiscal year, Registrar of Companies, SEBI, Securities & Exchange Board of India, Security (finance), Shelf registration, The Companies Act 1956
Commencement Notification CA2013 :: Notified Sections 29,30,31
Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter III -Prospectus and Allotment of Securities (Sections 23 - 42) Section 29- Public offer of securities to be in dematerialised form. (1) Notwithstanding anything contained in any other provisions of this Act,- (a) every company making public offer; and (b) such other class or classes… Read More
Tags: Companies Act, Depositories Act, Prospectus, Public company, Public Offer, Registrars, Security (finance), Shelf registration
CLR Flash :: Commencement Notification Of Companies Act 2013 :: 98 Sections Notified
The Ministry of Corporate Affairs, has notified 98 sections of the Companies Act 2013 (18 of 2013) by way of a notification dated 12th September 2013. All these sections will now come into immediate effect from 12th September 2013. The professional must now read both the Companies Act viz. 1956 and 2013 together, in order to… Read More
Tags: 12th September 2013, Central Government, Chapter VII of the United Nations Charter, Companies Act, Companies Act 2013, Corporate Affairs Ministry, Corporate law, Government of India, Legal liability, Public Offer, Red herring prospectus, September 2013, Share capital, Shelf registration, Subsidiary