For non-compliance of listing conditions, exchanges have been suspending the trading of the shares of the listed companies, which affected the interest of non-promoters much more than the promoters as the exit route used to be closed for such investors after suspension of trading. Therefore, it is now decided that the exchange in case of… Read More
Overview The new Company Bill 2012 promises to bring easy and efficient way of doing business in India, better governance, improves levels of transparency, enhance accountability, inculcating self compliance and making corporate socially responsible. Some of the key changes to look for are in merger/de-merger processes, cross border mergers, fast track mergers between small companies… Read More
The Securities and Exchange Board of India released today the Development Research Group (DRG) Study titled, Earnings Management in India. The study is co-authored by Prof. D. Ajit, Dr. Sarat Malik and Shri Vimal Kumar Verma. About the Study Earnings Management (EM) by companies is widespread throughout the world. The motivation to meet earnings targets… Read More
CIRCULAR CIR/MRD/ DSA / 31 /2013 September 30, 2013 The Managing Director/Executive Director, All recognised Stock Exchanges. The Managing Director/Executive Director, All Depositories. Dear Sir/Madam, Subject: Amendment to bye-laws of recognised stock exchanges with respect to non-compliance of… Read More
CIRCULAR CIR/MIRSD/8/2013 September 30, 2013 All Recognized Stock Exchanges and Clearing Corporations Dear Sir / Madam, Subject: Simplification of registration requirements for Stock Brokers 1. Please find enclosed the Notification No. LAD-NRO/GN/2013-14/25/24775 dated September 27, 2013 amending the SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992 (hereinafter referred to as Broker Regulations). As per the amendment,… Read More
RBI/2013-14/300 UBD.BPD.(PCB)CIR No. 23/13.01.000/2013-14 September 30, 2013 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Madam/Dear Sir, Unclaimed Deposits/Inoperative Accounts in UCBs - Treatment of certain savings bank accounts opened for credit of Scholarship amounts and credit of Direct Benefit Transfer under Government Schemes Please refer to Circular No.UBD.BPD.(PCB)CIR.No.9/13.01.000/2013-14 dated September 1, 2008 on unclaimed deposits/ inoperative… Read More
RBI/2013-14/303 A.P. (DIR Series) Circular No. 58 September 30, 2013 To, All Authorized Dealer Category - I Banks Madam / Sir External Commercial Borrowings (ECB) Policy ” Review of all-in-cost ceiling Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 11 dated July 11, 2013 relating to the all-in-cost ceiling… Read More
RBI/2013-14/304 A.P. (DIR Series) Circular No 59 September 30, 2013 To, All Authorised Dealer Category - I Banks Madam / Sir External Commercial Borrowings (ECB) Policy Refinancing / Rescheduling of ECB Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A. P. (DIR Series) Circular No. 5 dated August 01, 2005 and A.P. (DIR Series) Circular… Read More
RBI/2013-14/299 UBD.BPD.(PCB)CIR No. 22 /13.05.006/2013-14 September 30, 2013 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Madam/Dear Sir, Performance Audit of Agricultural Debt Waiver & Debt Relief Scheme (ADWDRS), 2008 by CAG & Re-verification Exercise by the banks Please refer to our Circular UBD.BPD. (PCB) Cir. No.40/13.05.006/2012-13 dated March 7, 2013, in terms of… Read More
RBI/2013-14/301 A. P. (DIR Series) Circular No. 56 September 30, 2013 To, All Authorised Dealer Category - I Banks Madam / Sir Trade Credits for Imports into India Review of all-in-cost ceiling Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the A.P. (DIR Series) Circular No. 9 dated July 11, 2013 relating to all-in-cost… Read More
On consideration of reports of dislocation of general life caused due to recent heavy rains and floods in the State of Gujarat, the Central Board of Direct Taxes (CBDT) has extended the ˜due-date™ for filing Returns of Income from 30th September, 2013 to 14th October, 2013, in cases of Income Tax assessees in the State… Read More
Preliminary data on India™s balance of payments (BoP) for the first quarter (Q1), i.e., April-June 2013, of the financial year 2013-14, are now available and presented in Statements I and II. While Statement I presents BoP data in BPM6 format, Statement II provides the same as per the old format. Developments in India™s BoP during April-June 2013 India™s current account… Read More
The Reserve Bank of India released on its website A Profile of Banks: 2012-13. The publication, ninth volume in the series, provides bank-wise and bank group-wise information on important performance indicators of all scheduled commercial banks excluding regional rural banks, for the period 2008-09 to 2012-13. The publication covers 21 important indicators, including return on… Read More