FAQs On SPICe
1. How many names can be applied for in SPICe (INC-32)? Only one. However, for reservation of a name prior to filing SPICe (INC-32), you may use INC-1 (in which up to 6 names can be proposed) and then input the SRN of approved INC-1 into SPICe. 2. What is the mode of grievance redressal?… Read More
Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
RBI/2016-17/198 DBR.No.BP.BC.49/21.04.048/2016-17 December 28, 2016 All Regulated Entities Madam / Dear Sir, Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances Please refer to circular DBR.No.BP.BC.37/21.04.048/2016-17 dated November 21, 2016. 2. On a review, it has been decided to: (i) Provide 30 days, in addition to the 60 days provided vide the… Read More
Sanction of Additional Working Capital Limits to Micro and Small Enterprises (MSEs)
RBI/2016-17/200 FIDD.MSME & NFS.BC.No.20/06.02.31/2016-17 December 29, 2016 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir / Madam, Sanction of Additional Working Capital Limits to Micro and Small Enterprises (MSEs) Please refer to our circular FIDD.MSME & NFS.BC.No.60/06.02.31/2015-16 dated August 27, 2015 on ‘Streamlining flow of credit to Micro and Small Enterprises (MSEs) for… Read More
Introduction of Interest Rate Options in India
RBI/2016-17/199 FMRD.DIRD.12/14.01.011/2016-17 December 29, 2016 To All eligible market participants Dear Sir/Madam Introduction of Interest Rate Options in India As announced in the fourth bi-monthly Monetary Policy Statement 2016-17, it has been decided to introduce Interest Rate Options in India. 2. The Reserve Bank of India has accordingly issued a Notification No. FMRD.DIRD. 11/2016 dated… Read More
Continuous disclosures and compliances by REITs
CIR/IMD/DF/146/2016 December 29, 2016 To All Real Estate Investment Trusts (REITs) All Parties to REITs All Stock Exchanges Dear Sir / Madam, Sub: Continuous disclosures and compliances by REITs 1. Regulation 23 of the SEBI (Real Estate Investment Trusts) Regulations, 2014 (‘the REIT Regulations’) prescribe disclosures to be made by a REIT to the Stock… Read More
New Fast Track Exit scheme under Companies Act, 2013 notified
MCA has notified Sections 248, Section 249, Section 250, Section 251 and Section 252 of the Companies Act, 2013 and also notified Companies (Removal of names of companies from the Register of Companies) Rules 2016 in respect of the new Fast Track Exit scheme under Companies Act, 2013. Please click on the below link to download… Read More
Removal of names of companies from the Register of Companies- clarification regarding availability of Form STK on MCA-21 portal
General Circular No. 16/2016 F.No. 1/28/2013-CL.V Government of India Ministry of Corporate Affairs 5th floor, 'A' wing, Shastri Bhavan, Dr. R.P. Road New Delhi - 110001 Dated 26th December, 2016 To All Regional Directors, All Registrar of Companies, All Stakeholders. Subject : Removal of names of companies from the Register of Companies- clarification regarding availability… Read More
Commencment of sections 248 to 252 of Companies Act, 2013
[To be published in the Gazette of India, Extra-ordinary, Part II, Section 3, Sub-Section(ii)] Government of India Ministry of Corporate Affairs NOTIFICATION New Delhi, the 26th December, 2016 S.O.___(E),- In exercise of the powers conferred by sub-section (3) of Section 1 of the Companies Act, 2013(18 of 2013), the Central Government hereby appoints the 26th… Read More
Review of the position limits available to Stock Brokers / Foreign Portfolio Investors (FPIs) – Category I & II / Mutual Funds (MFs) for stock derivatives contracts
CIRCULAR SEBI/HO/MRD/DP/CIR/P/2016/143 December 27, 2016 To, All Stock Exchanges (except for Commodity Derivatives Exchanges). Dear Sir / Madam, Subject: Review of the position limits available to Stock Brokers / Foreign Portfolio Investors (FPIs) - Category I & II / Mutual Funds (MFs) for stock derivatives contracts The position limits for Trading Member / Foreign Institutional… Read More
Growth in Popularity of Online Casino Games in Canada
There are many developments that took place in the world of online gambling and one of these is the growth in popularity of online casino games in Canada. The two main factors behind this rise in popularity are better payment methods and more convenient payment options for players, such as through credit cards or PayPal.… Read More
Filing of Forms PAS-4 and PAS-5 in case of issuance of debt securities on private placement basis
CIRCULAR SEBI/HO/IMD/DF1/CIR/P/2016/140 December 23, 2016 To All Issuers proposing to issue debt securities Dear Sir / Madam, Sub: Filing of Forms PAS-4 and PAS-5 in case of issuance of debt securities on private placement basis 1. Please refer to Rule 14(1) and Rule 14(3) of Companies (Prospectus and Allotment of Securities Rules), 2014 on the… Read More
System-driven Disclosures in Securities Market
CIRCULAR CFD/DCR/CIR/2016/139 December 21, 2016 To All Listed Entities All Registered Registrar & Share Transfer Agents All Depositories All Nationwide Stock Exchanges Dear Sir/Madam, System-driven Disclosures in Securities Market 1. SEBI, vide circular dated December 01, 2015, had introduced the system-driven disclosures in securities market detailing the procedure to be adopted for its implementation with… Read More
MCA releases new version of Forms
Forms IEPF-5, CG-1, PAS-3, MSC-1, MGT-14 and AOC-4 are likely to be revised on MCA21 Company Forms Download page w.e.f. 24th December 2016. Stakeholders are advised to check the latest version before filing. Read More
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