Introduction Investor Education and Protection Fund (IEPF) has been established under Section 205C of the Companies Act, 1956 by way of Companies (Amendment) Act, 1999 for promotion of investors’ awareness and protection of the interests of investors. Various rules such as the Investor Education and Protection Fund (awareness and protection of investors) Rules, 2001 and …
In the earlier issue we have discussed on Section 10 of the Companies Act, 1956 and in the present issue we shall proceed with Section 11 of the Companies Act, 1956 which deals with prohibition of associations and partnerships exceeding certain number. Query # 1 : In case of partnership which consists of more than …
Word :“ Garnishment ” Meaning : A court order directing that money or property of a third party be seized to satisfy a debt owed. Example: The court issued garnishment to the employer to pay a part of the employee’s wages to someone else towards payment of debt or judgment. Prononciation: Gar-nish-ment
Appeal No: 31 of 2013 Decided on: 02/04/2013 CASE IN BRIEF: The Appellant acquired 13.59% of shareholding of PPL from a Clip Securities Pvt. Ltd (“Stock broker”) and 6.06% of shareholding of PPL from own account. As per provisions of Regulation-7 of SEBI Takeover Regulations, on acquiring shares or voting rights more than 5%, 10%, …
TROPICAL SECURITIES & INVESTMENTS PVT LTD V/s SEBI [DEL] Read More »
S.No Activities Clause/ Regulation No. Agreement/ Regulation etc. Compliance Due Date 1 Intimation for holding of Board Meeting for considering the unaudited quarterly financial results . Clause 41 Listing Agreement 9 (Nine) days in advance of the Board Meeting 2 Newspaper Advertisement about Board Meeting to consider quarterly financial results Clause 41 Listing Agreement 9 …
Compliance Calendar for Listed Companies for the quarter ended on 30th June, 2013 Read More »
LABOUR & OTHER COMPLIANCE’S FOR THE MONTH OF AUGUST 2013 S.No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise Duty payment GAR 7 Central Excise Rules, 2002 5thAugust, 2013 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 5th August, 2013 3 Quarterly Return for the …
Dear All Greetings from R & A While the rains have brought relief from the scorching summer, the declining trend in the rupee for past two months is bound to pose a threat to the growth of overall economy. Strengthening of dollar index, strong importers demand, continuous capital outflows coupled with widening current account deficit …
Export of Goods and Software – Realisation and Repatriation of export proceeds – Liberalisation. The RBI has, vide circular no. RBI/2013-14/147 A.P (DIR Series) Circular No. 14, dated 22.07.2013, made clarifications on time period for repatriation & realisation of export proceeds. According to the Circular No. A.P. (DIR Series) Circular No. 52, dated 20.11.2012, the …
Foreign Institutional Investor (FII)/ Qualified Financial Institutions (QFI) investments in Security Receipts The SEBI has, vide circular no. CIR/IMD/FIIC/9/2013, dated, 09.07.2013, informed all the FIIs that – Department of Industrial Policy and Promotion(DIPP) issued consolidated FDI policy in April, 2013 stating that the FII’s can invest in security receipts given by ARC’s upto the limit …
With a view to foster the fund raising options for Corporates and Banks and at the same time ensuring transparency and interest of investors, the Capital Market Regulator, Securities Exchange Board of India (SEBI), has notified a new set of Regulations to govern the issuance and listing of Non-Convertible Redeemable Preference Shares(NCRPS), to be called …
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