Company Law - Corporate Law Reporter

SEBI-Review of Margining with respect to Exchange Traded Funds (ETFs)

CIR/MRD/DP/ 26 /2012 September 26, 2012 To All Stock Exchanges Dear Sir / Madam, Sub: Review of Margining with respect to Exchange Traded Funds (ETFs) 1. This is further to the Risk Management framework for Cash Market specified by SEBI vide circular no. MRD/DoP/SE/Cir-07/2005 dated February 23, 2005 and modification thereto. The following additional provisions… Read More

MCA issues non- XBRL eForms 23AC and 23ACA

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART - II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA; MINISTRY OF CORPORATE AFFAIRS; NOTIFICATION Dated 21 September, 2012. G.S.R.___ (E). - In exercise of the powers conferred by sub-section (1) of section 642 read with section 610B of the Companies Act, 1956 (1 of 1956), the Central… Read More

Non- XBRL Companies to file eform 23AC & 23ACA by 15th October, 2012

General Circular No.28/2012; F.No.17/160/2012 CL.V Ministry of Corporate Affairs , Government of India Dated 3rd September, 2012 All the Regional Directors, All the Registrar of Companies. Sub: Filling of Balance Sheet and Profit and Loss Account by companies in Non-XBRL for accounting year commencing on or after 01.04.2011. Reference: General Circular No.21/2012 vide File No.17/160/2012-CL-V dated 02.08.2012 Sir, This… Read More

Manner of achieving minimum public shareholding requirements in terms of SCRR, 1957

CIR/CFD/DIL/11/2012 August 29, 2012 All Stock Exchanges Sub: Manner of achieving minimum public shareholding requirements in terms of SCRR, 1957 1. Please refer to circular Nos. CIR/CFD/DIL/10/2010 and CIR/CFD/DIL/1/2012 dated December 16, 2010 and February 08, 2012 respectively, on the captioned subject. 2. In continuation of the above and with a view to facilitate listed… Read More

Constitution of a Committee for Reforming the Regulatory Environment for doing Business in India

General Circular no. 26/2012; No.11/08/2012-CL.V Government of India; Ministry of Corporate Affairs™ Dated: 23rd August, 2012 OFFICE MEMORANDUM Subject:- Constitution of a Committee for Reforming the Regulatory Environment for doing Business in India. The undersigned is directed to state as under:- 1. The report of The World Bank and the International Finance Corporation, entitled Doing… Read More

SEBI-Filing Offer Documents under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009

CIRCULAR CIR/CFD/DIL/ 9 /2012 August 22, 2012 To All Registered Merchant Bankers Dear Sir / Madam, Sub: Filing Offer Documents under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 1. Please refer to circular No. SEBI CIR/CFD/DIL/5/2012 dated May 03, 2012 on the captioned subject. 2. In partial modification of the above referred circular, it is… Read More

Clarification on Para 46A of notification number G.S.R. 914(E) dated 29.12.2011 on Accounting Standard 11 relating to “The effects of Changes in Foreign Exchange Rates”

Circular No.25/2012; F. No.17/133/2008-CL-V Government of India; Ministry of Corporate Affairs Dated 09.08.2012 All the Regional Directors, All the Registrar of Companies/Official Liquidators, All Stakeholders Sub: Clarification on Para 46A of notification number G.S.R. 914(E) dated 29.12.2011 on Accounting Standard 11 relating to "The effects of Changes in Foreign Exchange Rates". Sir, The Ministry has received several… Read More

Clarification regarding- Gazette notification GSR 534(E) dated 14/07/2011

F.No. 14/11/2012-CL-VII Government of India; Ministry of Corporate AffairsDated: 16th August, 2012 To, All Regional Directors; All Registrars of Companies; The Institute of Company Secretaries of India; The Institute of Chartered Accountants of India The Institute of Cost Accountants of India Subject: Gazette notification GSR 534(E) dated 14/07/2011- clarification regarding. I am directed to refer to the Gazette… Read More

Redressal of investor grievances against listed companies in SEBI Complaints Redress System

CIRCULAR CIR/OIAE/1/2012 August 13, 2012 All Companies whose securities are listed on Stock Exchanges (through Stock Exchanges); All recognized Stock Exchanges Dear Sir/Madam, Subject : Redressal of investor grievances against listed companies in SEBI Complaints Redress System (SCORES). SEBI had issued Circular No.CIR/OIAE/2/2011 dated June 3, 2011 regarding commencement of SEBI Complaints Redress System (SCORES)… Read More

SEBI-: Manner of Dealing with Audit Reports filed by Listed companies

CIRCULAR CIR/CFD/DIL/7/2012 August 13, 2012 To All the Stock Exchanges Dear Madam / Sir, Sub.: Manner of Dealing with Audit Reports filed by Listed companies 1. Clause 31(a) of Equity Listing Agreement, inter-alia, requires listed companies to submit six copies of annual reports containing audited annual financial statements to the stock exchanges. 2. SEBI, in… Read More

SEBI-Aadhaar Letter as Proof of Address for Know Your Client (KYC) norms

CIRCULAR CIR/MIRSD/ 09 /2012 August 13, 2012 All Recognized Stock Exchanges Association of Mutual Funds in India (AMFI) SEBI Registered Intermediaries: 1. KYC Registration Agencies (KRAs), 2. Stock Brokers through Stock Exchanges, 3. Depository Participants (DPs) through Depositories, 4. Mutual Funds (MFs) 5. Portfolio Managers (PMs) 6. Alternative Investment Funds (AIFs) 7. Collective Investment Schemes… Read More

Applicability of Service Tax on commission payable to Non-Whole Time Directors of a company u/s 309(4)

General Circular No. 24/2012 F.No.14/33/2012-CL. VII Government of India; Ministry of Corporate Affairs 9th August, 2012 To, All Regional Directors; All Registrars of Companies; The Institute of Company Secretaries of India; The Institute of Chartered Accountants of India The Institute of Cost Accountants of India Sub: Applicability of Service Tax on commission payable to Non-Whole… Read More

Delay in filing Form 23C will now attract additional fees

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART-II, SECTION-3, SUB-SECTION (i)] GOVERNMENT OF INDIA; MINISTRY OF CORPORATE AFFAIRS NOTIFICATION NEW DELHI, the 7th August, 2012 G.S.R. 617(E).- In exercise of the powers conferred by sub-section (1) of section 642, read with sub-section (2) of section 637A of the Companies Act, 1956 (1 of… Read More