Company Law - Corporate Law Reporter

SEBI Details of Private placement data of corporate bonds

Private placement of Corporate Bonds Listed only on NSE Listed only on BSE Listed Both on NSE and BSE Total Month No. of Issues Amount (Rs Crores) No. of Issues Amount (Rs Crores) No. of Issues Amount (Rs. Crores) No. of Issues Amount (Rs Crores) Jan-07 32 2386.20 5 561.12 9 533.00 46 3480.32 Feb-07 34… Read More

Details of Data transfers in Corporate Bonds executed at NSDL and CDSL

Details of transfers in Corporate Bonds executed at NSDL and CDSL* CDSL NSDL Grand Total Month No. of Transfers* Amount (Rs. cr) No. of Transfers Amount (Rs. cr) No. of Transfers* Amount (Rs. cr) Apr-07 1239 948.82 5278 16822.99 6517 17771.81 May-07 1235 118.29 5854 14444.91 7089 14563.20 Jun-07 1282 923.92 5140 12567.91 6422 13491.83… Read More

Full Text of the New Companies Bill available on the MCA website

The Companies Bill, 2012, as passed by the Lok Sabha on 18th December 2012 is now available on the website of the Ministry of Corporate Affairs at www.mca.gov.in . The Bill is proposed to be considered and passed by the Rajya Sabha in the coming Budget Session of the Parliament. The Rules to be prescribed… Read More

CCI Modifies Apartment Buyers Agreement In The DLF Case

The Competition Commission of India passed a supplementary order modifying the Apartment Buyers Agreement entered into between DLF and the apartment allottees. This order under Section 27 of the Competition Act, 2002 relates to the order of the Hon™ble Competition Appellate Tribunal of March 29, 2012, by which the Commission was directed to pass an… Read More

SEBI Releases Consultative Paper on Review of Corporate Governance

SEBI has issued a consultative paper on review of Corporate Governance norms in India. Concept of Corporate Governance "Corporations pool capital from a large investor base both in the domestic and in the international capital markets. In this context, investment is ultimately an act of faith in the ability of a corporation™s management. When an… Read More

Clarification on Clause 36 of the Equity Listing Agreement

CIRCULAR CIR/CFD/DIL/2/2013 January 3, 2013 To The Stock Exchanges Dear Sir/Madam Sub: Clarification on Clause 36 of the Equity Listing Agreement It has been brought to our notice that certain listed companies have been giving monthly disclosure of their sales/turnover/production figures to their respective trade bodies/industry associations and the same is not disclosed to… Read More

Application Supported by Blocked Amount (ASBA) facility in public/ rights issue

CIRCULAR CIR/CFD/DIL/1/2013 January 2, 2013 To All Registered Bankers to an Issue All Registered Merchant Bankers Dear Sir/Madam, Sub: Application Supported by Blocked Amount (ASBA) facility in public/ rights issue This has reference to SEBI Circular No. CIR/CFD/DIL/12/2012 dated September 13, 2012, on the captioned subject. It has been reported that some Banks/Merchant… Read More

Rationalisation process for obtaining PAN by Qualified Foreign Investors

CIRCULAR CIR/MIRSD/ 01 /2013 January 04, 2013 All Recognized Stock Exchanges Stock Brokers through Recognized Stock Exchanges Depository Participants through Depositories Mutual funds Association of Mutual Funds in India Portfolio Managers KYC Registration Agencies (KRAs) Alternative Investment Funds (AIFs) Collective Investment Schemes (CIS) Dear Sir, Sub: Rationalisation process for obtaining PAN by Qualified Foreign Investors … Read More

SEBI issues Discussion Paper on modification to the existing framework for buy back through open market purchase

SEBI has, today, placed a discussion paper on the website: www.sebi.gov.in, on Proposed modifications to the existing framework for buy back through open market purchase for public comments. Comments on the discussion paper have been solicited on or before January 31, 2013. Mumbai January 02, 2013 Discussion paper Read More

Change of Office Address of Official Liquidator

The office address of the Official Liquidator attached to the High Court of Delhi for the Ministry of Corporate Affairs has changed. The Office will start functioning from a new premises at 8th Floor, Lok Nayak Bhawan, Khan Market, New Delhi with effect from the 1st January, 2013. Read More

Debt Allocation Mechanism for FII

CIRCULAR CIR/IMD/FIIC/1/2013 January 01, 2013 To All Foreign Institutional Investors through their designated Custodians of Securities Dear Sir/Madam Sub: Debt Allocation Mechanism for FII 1. SEBI vide circular CIR/IMD/FIIC/1/2012 dated January 03, 2012 had provided the facility of re-investment of up to two years from the date of the circular or to the extent of twice… Read More

Year End Review of Competition Commission of India for 2012

The following is an excerpt from the year-end review of the major achievements & other highlights of the Competition Commission of India (CCI), which happened under the Ministry of Corporate Affairs' (MCA) and the able guidance of Union Minister Shri Sachin Pilot. Read More

Guidelines for Quasi-judicial proceedings under Section 7A of EPFO

Employees™ Provident Fund Organisation (Ministry of Labour, Govt. Of India) Head Office Bhavishya Nidhi Bhawan, 14- Bhikaji Cama Place, New Delhi 110066 No. 7(1)2012/RCs Review Meeting/21224 Date: 18th December, 2012 Subject : Circular No. 7(1)2012/RCs Review Meeting/345 dated 30th November, 2012 on Guidelines for Quasi-judicial proceedings under Section 7A of the Employees™ Provident Funds & Miscellaneous Provisions… Read More