Company Law - Corporate Law Reporter

SEBI Arbitration Mechanism in Stock Exchanges – Investor Service Centres

CIRCULAR CIR/MRD/ICC/21/2013 05.07.2013 The Managing Director/Executive Director, All Stock Exchanges with nation-wide terminals Dear Madam/Sir, Subject: Arbitration Mechanism in Stock Exchanges 1. Reference may be made to circulars no. CIR/MRD/DSA/24/2010 dated August 31,2010, CIR/MRD/SA/03/2012 dated January 20, 2012 and CIR/MIRSD/2/2012 dated February 15, 2012 regarding investor service centres providing inter alia arbitration facility (arbitration as well as appellate arbitration).… Read More

Assocham National Conference on Companies Bill 2012 – Highlights & Insights”

The much awaited Companies Bill, 2012, has been approved by the Lok Sabha, which seeks to revise and modify the existing company law, in consonance with changes in national and international economic environment. In view of these emerging issues and key developments, ASSOCHAM is organizing National Conferences on Companies Bill 2012 - Highlights & Insights on… Read More

Setting The Competition Law In Right Place: In The Light Of Compat™s Order In Explosive Manufacturers Case

The Competition Appellate Tribunal (the COMPAT) passed a final order on 18th April 2013, dismissing the appeals filed by various explosives manufacturers against the Competition Commission of India's (CCI) order dated 16 April 2012, unanimously finding them guilty of a contravention of section 3 of the Competition Act, 2002 (the Competition Act).[1] The CCI had found ten… Read More

Analysis of SEBI’s amendment to Buy Back

These new guidelines are in recognition of the fact that the buyback guidelines for the stock exchange mechanism have been grossly misused over the years. Initially, there was no mandate on the amount of buyback that was required and therefore, companies would announce very high buyback price, not buy single share for the whole year… Read More

NAME AVAILABILITY GUIDELINES, 2011- Registration of Electoral Trusts as Companies under Section 25 of the Companies Act, 1956.

General Circular No. 12/2013 No 17/27/2013- CL V Government of India Ministry of Corporate Affairs 5th floor, ˜A™ Wing, Shastri Bhawan, Dr. Rajendera Prasad Road, New Delhi-I Dated: 28.06.2013 All the Regional Directors, All the Registrar of Companies Subject: NAME AVAILABILITY GUIDELINES, 2011- Registration of Electoral Trusts as Companies under Section 25 of the Companies Act,… Read More

SEBI Local Office inaugurated at Chandigarh

Shri Anand Sinha, Deputy Governor, Reserve Bank of India and Member, SEBI Board, inaugurated the Local Office of SEBI in Chandigarh, today in the presence of Shri U. K. Sinha, Chairman, Securities and Exchange Board of India. The Chandigarh Local Office of SEBI is located at SCO 127-128, First Floor, Sector 17 C, Chandigarh-160017 (Ph.:0172-2541717).… Read More

SEBI Board Meeting

The SEBI Board met in Mumbai today and took the following main decisions: 1. Amendments to SEBI (Buy Back of Securities) Regulations, 1998 governing buy-back through open market purchase As part of SEBI's constant endeavour to align regulatory requirements with the changing market realities as well as to enhance efficiency of the buy-back process, the… Read More

SEBI Order in the matter of market manipulation using GDR issues

SEBI had passed an ad interim ex-parte order dated September 21, 2011, in the matter of market manipulation using GDR issues against several entities including Shri Arun Panchariya(hereinafter referred to as AP) and Pan Asia Advisors Limited (now known as Global Finance and Capital Limited). SEBI subsequently completed its investigation regarding the role of Pan… Read More

SEBI Enhances Foreign Investment limits in Government debt

CIR/IMD/FIIC/8/2013 CIRCULAR June 12, 2013 To All Foreign Institutional Investors through their designated Custodians of Securities The Depositories (NSDL and CDSL) Sir / Madam, Sub: Enhancement in Foreign Investment limits in Government debt 1. The Government of India has enhanced the Government Debt Limits by USD 5 billion (equivalent to approximately INR 29,137 cr converted… Read More

SEBI (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013, notified

SEBI (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013 have been notified on June 12, 2013 and are available on the website: www.sebi.gov.in. The said Regulations provide for a comprehensive regulatory framework for public issuance of non-convertible redeemable preference shares and also for listing of privately placed redeemable preference shares. Further, as per Basel III… Read More

MMTC OFS Divestment – Issue Oversubscribed by 1.55 times

MMTC OFS for Divestment of 9.33% Paid up Equity of the Government of India Shareholding Done; Issue Overscribed by 1.55 Times; Government Expects to Realize Proceeds of Rs. 567.90 Crores. The Minerals and Metal Trading Corporation (MMTC) OFS for divestment of 9.33% paid up equity of the Government of India shareholding in the MMTC was done… Read More

CLR Snippets | MCA Site Maintenance

Important Message on MCA Website: MCA Portal Services will not be available due to maintenance from 0800 Hours to 2000 Hours on 15th June 2013(Saturday). All the stakeholders are requested to plan their MCA portal related activities in advance to avoid inconvenience. Read More

Submission of Report of Committee on Rationalisation of Investment Routes and Monitoring of Foreign Portfolio Investments

SEBI Board in its meeting held on October 06, 2012 decided that it will prepare a draft guideline based on the guidance of the Working Group on Foreign Investment in India (WGFI), for consideration of the Government of India (GoI). To implement the above, SEBI formed a Committee on Rationalization of Investment Routes and Monitoring… Read More