Securities and Exchange Board Of India (Buy Back of Securities) (Amendment) Regulations, 2013. The Securities and Exchange Board Of India (“SEBI”) has made certain amendments to the SEBI (Buy Back of Securities) Regulations, 1998. The SEBI (Buy Back of Securities) (Amendment) Regulations, 2013 have come into force on 8th August, 2013, the day on which …
INTRODUCTION Under the wider ambit of the Contractual law which gives perseverance to different clauses in anAgreement, the non-compete clause stands erect neither leaning nor bending with perpetual sanctity. But enhancing its validity especially in Employment Agreement is a matter of minute scrutinisation.By virtue of this non-compete clause, the employee undertakes and gives his acceptance …
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 …
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 »
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 …
NAME AVAILABILITY GUIDELINES, 2011- Registration of Electoral Trusts as Companies under Section 25 of the Companies Act, 1956. The MCA has, vide General_Circular_12/2013.pdf dated 28.06.2013, made modifications to the Para No. 9 of General Circular No. 45 dated 08.07.2011, which is explained as follows: If the name of the company includes the words indicative of …
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