SEBI-Establishment of Connectivity with both depositories NSDL and CDSL Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement

CIRCULAR CIR/MRD/DP/ 19 /2012 July 20, 2012 To, All Stock Exchanges Dear Sir / Madam, Sub: Establishment of Connectivity with both depositories NSDL and CDSL Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement 1. It is observed from the information provided by the depositories that the companies listed in Annexure ˜A™… Read More

SEBI-Amendment to definition of Qualified Foreign Investor (QFI) and QFI investment in debt mutual fund schemes which invest in infrastructure

CIRCULAR CIR/ IMD/ FII&C/ 18/ 2012 July 20, 2012 All SEBI registered Intermediaries/ Recognized Stock Exchanges/ Depositories/ Mutual Fund/ qualified Depository Participants (DP) Sir / Madam, Sub: Amendment to definition of Qualified Foreign Investor (QFI) and QFI investment in debt mutual fund schemes which invest in infrastructure 1. Vide SEBI circulars Cir/IMD/DF/14/2011 and Cir/IMD/FII&C/3/2012 dated August… Read More

Exemption to salaried employees from filing the returns for AY 2012-13

Central Board of Direct Taxes (CBDT) vide its Notification No. 9/2012 dated 17th February, 2012 has exempted salaried employees from the requirement of filing the returns for assessment year 2012-13. The exemption is applicable only if all the following conditions are fulfilled:- ¢ Employee has earned only salary income and income from savings bank account… Read More

Comprehensive guidelines on Offer For Sale (OFS) of Shares by Promoters through the Stock Exchange Mechanism

CIRCULAR CIR/MRD/DP/ 18 /2012 July 18, 2012 The Managing Director and CEO The Managing Director Bombay Stock Exchange Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400001 Mumbai - 400 051 Dear Sir, Sub: Comprehensive guidelines on Offer For Sale (OFS) of… Read More

SEBI- Investment by Qualified Foreign Investors (QFI) in Indian Corporate Debt.

CIRCULAR CIR/ IMD/ FII&C/ 17 / 2012 July 18, 2012 All SEBI registered Intermediaries/ Recognized Stock Exchanges/ Depositories/ Mutual Fund/ qualified Depository Participants (DP) Sir / Madam, Sub: Investment by Qualified Foreign Investors (QFI) in Indian Corporate Debt. Vide SEBI circulars Cir/IMD/DF/14/2011 and Cir/IMD/FII&C/3/2012 dated August 09, 2011 and January 13, 2012 respectively, Qualified Foreign Investors… Read More

Payment of Annual Membership and Certificate of Practice Fee

The Annual Membership fee and Certificate of Practice fee for the year 2012-13 became due for payment w.e.f. 1st April, 2012. The last date for payment of annual membership fee was 30th June, 2012 which has now been extended upto 31st August, 2012. Members who are yet to pay the fees are requested to pay… Read More

Pending EODC cases where vehicles imported under EPCG Scheme were not registered as Commercial/Tourist Vehicle

F. No. 01/36/218/21/AM13/EPCG-I Government of India;  Ministry of Commerce and Industry; Department of Commerce (Directorate General of Foreign Trade) Web Site: http://dgft.gov.in E-mail: dgft@nic.in Policy Circular No. 2 (RE-2012)/2009-14; Dated 19/07/2012  All Regional Offices of DGFT            Subject: Pending EODC cases where vehicles imported under EPCG Scheme were not registered as Commercial/Tourist Vehicle Reference Policy Circular dated 07.05.2008… Read More

CBEC-Seeks to impose definitive antidumping duty on the imports of ˜Grinding media Balls™ (excluding Forged Grinding Media Balls), originating in, or exported from Thailand and China PR

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No.36 /2012-ADD New Delhi, dated the 16th July, 2012             G.S.R.  568(E). - Whereas in the matter of imports of ˜Grinding Media Balls™ (excluding Forged Grinding Media Balls, hereinafter referred to as the subject goods), classified under Chapter 73 of the First Schedule to the Customs Tariff Act,… Read More

Exchange Earner’s Foreign Currency (EEFC) Account

RBI/2012-13/135 A. P. (DIR Series) Circular No. 8 July 18, 2012 To All Authorised Dealer Category- I Banks Madam/ Sir, Exchange Earner's Foreign Currency (EEFC) Account Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No. 124 dated May 10, 2012. 2. On a review, it… Read More

Interest Rates on Deposits held in FCNR (B) Accounts

RBI/2012-13/137 DBOD.Dir.BC. 30/13.03.00/2012-13 July 18, 2012 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Interest Rates on Deposits held in FCNR (B) Accounts Please refer to paragraph 4 of the directives enclosed to our circular DBOD.Dir.BC.49/13.03.00/2000-2001 dated November 4, 2000 and mail box clarification dated May 13, 2005 in terms of which it was clarified… Read More

CBEC develops an Interactive Customs Tariff application to enhance public access to information on duty payment & other regulatory requirements

India has developed an Authorized Economic Operator (AEO) Programme consistent with World Customs Organization (WCO) SAFE Framework of Standards. The trade supply chain has become extremely complicated and vulnerable to external threats which led to an urgent need to have a system that ensures end to end supply chain security while ensuring faster release of… Read More

SEBI-Portfolio Managers Deployment of clients fund in liquid Mutual Funds

CIRCULAR Cir. /IMD/DF-1/16/2012 July 16, 2012 All Portfolio Managers Dear Sir/ Madam, Sub: Portfolio Managers Deployment of clients fund in liquid Mutual Funds. 1. SEBI has received representation from various portfolio managers seeking clarification regarding investment in short term liquid Mutual Funds by portfolio managers. 2. It is hereby clarified that pending investment of funds, any… Read More

SEBI_Amendment to the Equity Listing Agreement – Platform for E-Voting by Shareholders of Listed Entities

CIRCULAR CIR/CFD/DIL/6/2012 July 13, 2012 To All Recognised Stock Exchanges Dear Sir/Madam, Sub: Amendment to the Equity Listing Agreement - Platform for E-Voting by Shareholders of Listed Entities 1. Section 192A of the Companies Act, 1956, read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 (the Rules) obligates the listed companies… Read More

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Recent Articles

Recent Legal updates

Recent Gst Updates