Company Law - Corporate Law Reporter

SEBI Circular on Infrastructure Debt Fund

CIRCULAR CIR / IMD / DF / 7 / 2013 April 23, 2013 All Mutual Funds/Asset Management Companies Trustee Companies/Boards of trustees of mutual funds Sir / Madam, Sub: Circular on Infrastructure Debt Fund Amendments to SEBI (Mutual Funds) Regulations, 1996 1. Please find enclosed a copy of the gazette notification No. LAD-NRO/GN/2013-14/03/5652 dated April 16, 2013,… Read More

SEBI invites comments on discussion paper – Risk Management – Safer Markets for Investors

Securities and Exchange Board of India (SEBI) has from time to time put in place various risk containment measures to address the risks involved in the cash and derivatives market. But as the market is always in a dynamic state, the risk management system cannot remain static and has to constantly address the changing risk… Read More

CLR Important :: Redress of investor grievances through SEBI Complaints Redress System (SCORES)

CIRCULAR C I R/OIAE/1 /2013 April 17, 2013 All Companies whose securities are listed on Stock Exchanges (through Stock Exchanges), All recognized Stock Exchanges Dear Sir/Madam, Sub: Redress of investor grievances through SEBI Complaints Redress System (SCORES) 1. Pursuant to the provisions of Section 15C SEBI Act, 1992, all listed companies are hereby called… Read More

Speakers at the ASSOCHAM Seminar on Corporate Compliance Management

Speakers List The following are the list of speakers who will value add at the ASSOCHAM's National Seminar on Corporate Compliance Management. Mr. Arun Maira, Member, Planning Commission Mr. M.J. Joseph, Add.Secy. & CVO, MCA Mr. Bhasker Chatterjee, DG & CEO, IICA Mr. M. S. Sahoo, Secretary, ICSI Ms. Preeti Malhotra, Chairperson, ASSOCHAM Council for Corporate… Read More

Winding up petition cannot be admitted authenticity of complaint cannot be established

CLR Editorial Note: Petitioner, a company incorporated under the Companies Act, 1956, for short ˜Act™ carrying on business of manufacture of rubber moulded and extruded products. A payment was not made to it in one of its supplies and on further notices too there was no payment. The petitioner invoked Section 434 r/w 433 (e) and (f) of… Read More

“Corporate Compliance Management” – Details of ASSOCHAM Seminar

Objectives The Seminar is designed to discuss in-depth latest updates on corporate compliance regulations and standards, government enforcement initiatives, share case studies of how to implement a successful compliance program. Key Areas of Discussion Corporate Compliance Management Assessing Corporate Compliance Trends, Challenges & Future in India Building an Efficient Corporate Compliance Framework Benefits of Good… Read More

CLR Urgent :: ASSOCHAM National Seminar on “Corporate Compliance Management – A Paradigm Shift” on 1st May 2013

National Seminar Corporate Compliance Management -A Paradigm Shift- Wednesday, 1 May, 2013 Hotel Royal Plaza, New Delhi Indian economy is witnessing a new regime of reforms which will enthuse confidence for enhanced growth in the economy. With Indian business globalizing, the phenomenon of governance needs support of a robust Compliance Management. In the… Read More

MCA for Strengthening Bilateral Relations with Sweden

Shri Sachin Pilot Meets Swedish Ministers to Further Strengthen Bilateral Relations between India and Sweden Shri Sachin Pilot, Minister for Corporate Affairs, during his three day official visit to Sweden last week had a meeting with the Foreign Minister of Sweden, Shri Carl Bildt and Swedish Minister for Financial Markets, Shri Peter Norman. On Saturday… Read More

SEBI prevents attempt to mis-sell an investment product

SEBI today prevented an attempt to mis-sell an investment product to an investor in Delhi by a person claiming as agent of mutual funds. SEBI had received a complaint from an investor (hereinafter referred to as ' complainant') that some unknown persons claiming to be 'agents' and 'brokers' of Mutual Funds and insurance companies have… Read More

Exit Order in respect of Saurashtra Kutch Stock Exchange Limited (SKSEL)

1. SEBI vide Circular dated May 30, 2012 had issued the Guidelines for exit of stock exchanges This contained details of the conditions for exit of de-recognised/non-operational stock exchanges interalia including treatment of assets of de-recognised exchanges and a facility of dissemination Board for companies listed exclusively on such exchanges, while taking care of the interest of Investors.… Read More

Exit order in respect of Coimbatore Stock Exchange (CSX)

1. SEBI vide Circular dated May 30, 2012 had issued the Guidelines for exit of stock exchanges. This contained details of the conditions for exit of de-recognised/non-operational stock exchanges inter-alia including treatment of assets of de-recognised exchanges and a facility of dissemination Board for companies listed exclusively on such exchanges, while taking care of the interest of… Read More

Arbitration Mechanism through Stock Exchanges

SEBI has received inputs from investors regarding functioning of arbitration mechanism at the Stock Exchanges. In light of which, all Stock Exchanges having nation-wide trading terminals have been advised to pool the list of arbitrators and create a 'Common Pool', instead of having exchange-wise pools of arbitrators. This pooling of arbitrators is done centre-wise. The… Read More

Companies eligible for shifting from Trade for Trade Settlement to Normal Rolling Settlement

CIRCULAR CIR/MRD/DP/ 12 /2013 April 08, 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 that the companies listed in… Read More