Legal Updates - Corporate Law Reporter

Investments by FPIs in Government securities

Securities and Exchange Board of India(SEBI) CIRCULAR CIR/IMD/FPIC/8/2015 October 06, 2015 To All Foreign Portfolio Investors through their designated Custodians of Securities The Depositories (NSDL and CDSL) Sir / Madam, Sub: Investments by FPIs in Government securities 1. RBI in its Fourth Bi-monthly Policy Statement for the year 2015-16, dated September 29, 2015 has announced… Read More

Webinar on Form MGT-7 w.r.t Annual Return by ICSI on 8th October, 2015 from 3:00 PM to 5:00 PM

ICSI is organising a webinar on Form MGT-7 w.r.t Annual Return on 8th October, 2015 form 3:00 PM to 5:00 PM. Stakeholders are requested to attend the same as it would clarify a lot of issues pertaining to the preparation of the Annual at the time of annual filing. http://webcast.vouchpro.in/icsitv/ Read More

Workshop by ICSI on Annual filing on 10th October, 2015

ICSI-CCGRT is organising a Unique Workshop on Annual Filing 2015 on Saturday, October 10, 2015. https://www.icsi.edu/Docs/Website/Announcement_Annual%20on%20Oct%2010,%202015_revised.pdf Read More

Limit of maximum number of trainees to be taken at a time by PCS for imparting training to CS Students

We wish to inform you that the Council of institute has approved that no. of trainees to be taken at a time by Practising Company Secretary (PCS) for imparting training to CS Students should not be more than the limit given in the under mentioned table : Limit of no. of trainees to be… Read More

Investment by Foreign Portfolio Investors (FPI) in Government Securities

RBI/2015-16/198 A.P. (DIR Series) Circular No 19 October 6, 2015 To, All Authorised Persons Madam/ Sir, Investment by Foreign Portfolio Investors (FPI) in Government Securities Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations,… Read More

Issue in filing of CRA-4 on MCA 21 portal

Attention of Stakeholders: The Institute of Cost Accountants of India is getting several queries relating to filing of CRA-4 on MCA 21 portal. These queries generated by MCA System may be: Attached Instance Document is not prescrutinised for the CIN as entered in the form or Fill all the fields in the form appropriately, etc.… Read More

Non Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) Directions Modifications

RBI/2015-16/196 DNBR.CC.PD.No. 069/03.10.01/ 2015-16 October 01, 2015 To All NBFC-MFIs Madam/ Sir Non Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) Directions Modifications In terms of extant instructions on pricing of credit by MFIs, the maximum variance between the minimum and maximum interest rate on loans cannot exceed 4 per cent. 2. The National Scheduled Castes Finance… Read More

Rate of exchange of conversion of the foreign currency with effect from 2nd October, 2015

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 97/2015 - Customs (N.T.) Dated the 1st October, 2015 In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Central Board of Excise… Read More

Comprehensive Risk Management Framework for National Commodity Derivatives Exchanges

CIRCULAR CIR/CDMRD/DRMP/01/2015 October 01, 2015 To, The Managing Directors /… Read More

Suspension of PAN allotment process

PAN allotment process will remain suspended between 05/10/2015 to 09/10/2015. Inconvenience to the taxpayers is regretted. The income tax department is in the process of upgrading software applications. It is for information of PAN applicants that PAN allotment by Income Tax Department will remain suspended between 05.10.2015 to 09.10.2015 due to PAN data migration activity.… Read More

MCA Notices

Version of Forms MGT-7 and AOC-4(non XBRL) is likely to be modified w.e.f 04 Oct 2015. You are requested to plan accordingly. Dear Corporates,to avoid last minute rush and system congestion on the MCA21 portal on account of Annual Filings during October / November 2015, Companies are requested to file their Annual Return & Financial… Read More

Guidelines on overseas investments and other issues/clarifications for AIFs/VCFs

1. SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations) were notified on May 21, 2012 repealing and replacing the erstwhile SEBI (Venture Capital Funds) Regulations, 1996 (VCF Regulations). As on March 31, 2015, there are 136 Alternative Investments Funds (AIFs) registered with SEBI. 2. Several representations were received from the industry with respect to certain… Read More

Registration of Members of Commodity Derivatives Exchanges

CIRCULAR CIR/MIRSD/4/2015 September 29, 2015 To, All recognized Commodity Derivatives Exchanges and its members Dear Sir/ Madam, Subject: Registration of Members of Commodity Derivatives Exchanges 1. Pursuant to the Notification No. SEBI/LAD-NRO/GN/2015-16/017 dated September 07, 2015 amending the SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992 (hereinafter referred to as Stock Broker Regulations), all existing members… Read More