Market regulator Sebi has set out rules for annulment of trades undertaken on stock exchanges. The regulator on Thursday said stock exchanges can either on their own or on request from a stock broker consider annulment of a trade.It should however define suitable criteria to discourage frivolous trade annulment requests from brokers. "Stock brokers shall… Read More
Merchant bankers need to furnish details of their financial accounts as well as infrastructure facilities for seeking a registration to operate in the Indian capital markets. Apart from disclosing information on the applicant's 'Memorandum and Article of Association', its promoter, director, and their shareholding in other companies, details about key personnel, it also has to… Read More
Complaint filed before Bar Council of Delhi alleging unauthorized practice of law by top 4 multinational audit firms. The Society of Indian Law Firms (SILF) which professes to be the apex body of law firms in India has filed a complaint before the Bar Council of Delhi against 4 of the biggest multinational audit and… Read More
RBI/2015-16/128 A.P. (DIR Series) Circular No.4 July 16, 2015 To All Category I Authorised Dealer banks Madam/Sir, Issue of shares under Employees Stock Options Scheme and/or sweat equity shares to persons resident outside India Attention of Authorised Dealer Category I (AD Category-I) banks is invited to Regulation 8 of the Foreign Exchange Management (Transfer or… Read More
1.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, 2000 notified vide Notification No. FEMA.20/2000- RB dated May 3, 2000, as amended from time to time and toA.P. (DIR Series) Circular No. 71 dated February… Read More
In pursuance of sub-rule (5) of rule 10 and sub-rule (9) of rule 11 of the Central Excise Rules, 2002 made under section 37 of the Central Excise Act, 1944 (1 of 1944) and sub-rule (5) of rule 5 and sub-rule (2) of rule 4C of the Service Tax Rules, 1994 made under sub-section (1)… Read More
To help the government's 'smart cities' programme, capital markets regulator Sebi today notified new norms for listing and trading of municipal bonds on stock exchanges.The move would allow authorities to mop-up funds, including for setting up smart cities, by raising money from the public and institutional investors. Under the new norms, the municipal authorities would… Read More
RBI/2015-16/98 DBR.No.Ret.BC.24/12.01.001/2015-16 July 01, 2015 Ashadha 10, 1937 (Saka) All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir/Madam, Master Circular - Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) Please refer to the Master Circular RBI/2014-15/91 DBOD.No.Ret.BC.11/12.01.001/2014-15 dated July 01, 2014 updating instructions/guidelines issued to the Scheduled Commercial Banks (SCBs) on CRR/SLR till June 30,… Read More
RBI/2015-16/120 DBR.No.CID.BC.28 /20.16.056/2015-16 July 9, 2015 All Scheduled Commercial Banks (excluding RRBs) All India Notified Financial Institutions (EXIM, NABARD, NHB & SIDBI) All Credit Information Companies Dear Sir/Madam Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures Please refer to our circular DBOD.No.CID.BC.127/20.16.056/2013-14 dated June 27, 2014 inter alia setting out… Read More
The provision of Secretarial Audit specifies that: Every listed company and a company belonging to other class of companies as may be prescribed shall annex with its Board's report made in terms of sub-section (3) of section 134, a secretarial audit report, given by a company secretary in practice, in such form as may be… Read More
Income Tax Date of submitting ITR-V for returns e filed for A.Y 2013-14 and A.y 2014-15 after 01.04.2014 extended till 31.10.2015. Please click on above link to know about ITR-V for returns e filed for A.Y 2013-14 and A.y 2014-15 Read More
The Reserve Bank of India (RBI) today placed on its website the final guidelines on Prepaid Payment Instruments for Mass Transit System (PPI-MTS) enabling the issuance of a separate category of semi-closed prepaid payment instruments for mass transit systems. The PPI-MTS will enhance commuter convenience and will also facilitate the migration to electronic payments in line with… Read More
As you are all aware that Delhi Stock Exchange (DSE) has already been derecognised, vide SEBI Order dated 19th November 2014. SEBI has mandated that all companies exclusively listed on DSE, would be shifted to the Dissemination Board (DB) set up by BSE. BSE, vide its Circular dated 9th July 2015 has informed that 1,334… Read More