Corporate Law Reporter - The Daily Journal

SEBI-Composition of Arbitration Committee

CIR/MRD/DSA/04/2012 January 20, 2012 To The Managing Director/Executive Director of all Stock Exchanges. Dear Sir / Madam, Subject: Composition of arbitration committee 1. SEBI, vide its various communications has mandated all stock exchanges that not be more than twenty percent of the members of the arbitration committee shall be trading members. 2. It has now been decided… Read More

Investor Grievance Redressal Mechanism at Stock Exchanges

CIR/MRD/DSA/03/2012 January 20, 2012 To The Managing Director/Executive Director of all Stock Exchanges. Dear Sir / Madam, Subject: Investor Grievance Redressal Mechanism at Stock Exchanges 1. SEBI, vide circular Ref. No. SMD/POLICY/CIR-32/97 dated December 03, 1997 had mandated all stock exchanges to open/maintain at least one investor service centre for the benefit of the public/Investors. Such centres are… Read More

Trade controls in Normal Trading Session for Initial Public Offering (IPO) and other category of scrips

CIR/MRD/DP/ 02/2012 January 20, 2012 To All Stock Exchanges. Dear Sir, Sub: Trade controls in Normal Trading Session for Initial Public Offering (IPO) and other category of scrips. 1. SEBI vide circular no. SMD/SED/RCG/271/96 dated January 19, 1996, inter-alia, prescribed no price bands for scrips on the first day of trading pursuant to IPO. Further SEBI vide circular… Read More

Call Auction in Pre-open session for Initial Public Offering (IPO) and other category of scrips

CIRCULAR CIR/MRD/DP/ 01/2012 January 20, 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: Call Auction in Pre-open session for Initial Public Offering… Read More

Master Circular on External Commercial Borrowings and Trade Credits

RBI/2011-12/356 Master Circular No. 09 /2011-12 (Updated as on January 20, 2012) To, All Category I Authorised Dealer Banks Madam / Sir, Master Circular on External Commercial Borrowings and Trade Credits External Commercial Borrowings and Trade Credits availed of by residents are governed by clause (d) of sub-section 3 of section 6 of the Foreign… Read More

Clarification on regulation of interest rates for Small Savings Schemes

RBI/2011-12/359 DGBA.CDD. No.H- 4836 /15.02.001/2011-12 The Chairman and Managing Director/Managing Director Head Office, Government Accounts Department State Bank of India/State Bank of Patiala/ State Bank of Bikaner & Jaipur/State Bank of Travancore/ State Bank of Hyderabad/ State Bank of Mysore/ Andhra Bank/ Allahabad Bank/Bank of Baroda/Bank of India/ Bank of Maharashtra/Canara Bank/Central Bank of India/… Read More

Master Circular on Compounding of Contraventions under FEMA, 1999

RBI/2011-12/357 Master Circular No.8 /2011-12 (Updated as on January 20, 2012) July 01, 2011 To, All Authorised Dealer Category - I banks and Authorised Banks Madam / Sir, Master Circular on Compounding of Contraventions under FEMA, 1999 The compounding of contraventions under Foreign Exchange Management Act (FEMA), 1999 is a voluntary process by which an… Read More

CBDT directs IT dept to verify high value transactions

The Central Board of Direct Taxes has directed the Income Tax department to launch a special drive, from 20th January to 20th March 2012, for verifying high value transactions (investments / deposits / expenditure) from persons who are not assessed to income tax or who have not furnished their PAN while entering into such transactions.… Read More

ICWAI, now to be known as ” The Institute of Cost Accountants of India”

The Institute of Cost and Works Accountants of India (ICWAI) will be henceforth be known as The Institute of Cost Accountants of India (ICAI). The change is a sequel to the passing of of ICWAI Amendment Act 2011, to enable their members to use the designation ACMA and FCMA denoting Associate and Fellow membership of… Read More

ICSI appoints its new President and Vice President

Mr. Nesar Ahmad has been elected as PRESIDENT of the Institute of Company Secretaries of India (ICSI) w.e.f 19th January 2012. Mr. S. N. Ananthasubramanian has been elected as the VICE PRESIDENT of the Institute of Company Secretaries of India (ICSI) w.e.f 19th January 2012. Mr. Nesar Ahmad has been elected as the PRESIDENT… Read More

Fin Min holds Pre Budget discussion with Banks and Financial institutions

The Union Finance Minister Shri Pranab Mukherjee said that the growth rate would be around 7.2 percent during the current year. He said that due to current uncertainty in global economy as euro zone crisis is still unresolved and volatility in international commodity prices especially fuel etc, it may be difficult to contain the fiscal… Read More

Amends Notification No. 36/2001-Customs(N.T) dated the 3rd August 2001

Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 4/2012-Customs (N.T.) S.O. (E). In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient… Read More

Seeks to impose safeguard duty at the rate of 10% ad valorem, on Phthalic anhydride

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No.1/ 2012-Customs (SG) G.S.R. (E). - Whereas, in the matter of import of Phthalic anhydride, falling under tariff item 29173500 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Act), the Director General (Safeguard), in preliminary findings published… Read More