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 …
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 …
Master Circular on Foreign Investment in India RBI has vide its circular : RBI/2013-14/15 Master Circular No.15 /2013-14 dated 1st July, 2013 released the Master circular on Foreign Investment in India. The regulatory framework and instructions issued by the Reserve Bank have been compiled in this Master Circular. The Master Circular also covers the area …
Clarification on SEBI’s Circular dated August 13, 2012 providing for the “Manner of Dealing with Audit Reports filed by Listed Companies.” SEBI has vide circular no. CIR/CFD/DIL/9/2013 dated June 5, 2013, given clarification with regard to restatement of books of accounts of listed companies. The main concern raised is whether the restatement of books of …
Comprehensive guidelines on Offer For Sale (OFS) of Shares by Promoters through the Stock Exchange Mechanism SEBI has through its recent Circular No. CIR/MRD/DP/17 /2013 dated May 30, 2013 amended the comprehensive guidelines on sale of shares through OFS mechanism issued vide earlier circular nos CIR/MRD/DP/18/2012 dated July 18, 2012 and circular CIR/MRD/DP/04/2012 dated January …
Acknowledgement by banks at the time of submission of Form 15-G / 15-H In view to protect interest of the depositors and for rendering better customer service,Reserve Bank of India has through its circular RBI/2012-13/516 DBOD.No.Leg.BC.100/09.07.005/2012-13 dated 31st May 2013, advised banks to give an acknowledgment at the time of receipt of Form 15-G/15-H. This …
Overseas Direct Investments – Clarification Reserve Bank of India has observed that eligible Indian parties are using overseas direct investments (ODI) automatic route to set up certain structures facilitating trading in currencies, securities and commodities. Also that such structures having equity participation of Indian parties have also started offering financial products linked to Indian Rupee. …
Redressal of investor grievance through SEBI Complaint Redress System (SCORES). SEBI issued circular No.CIR/OIAE/1/2013 dated April 17, 2013 for Redressal of investor grievance through SEBI Complaint Redress System (SCORES). Pursuant to the provisions of Section 15C of the SEBI Act, 1992 all listed companies are instructed to redress the grievances of the investors within 30 …
Relaxation of additional Fees and extension in last date in filing of various e-forms with MCA. The Ministry of Corporate Affairs (hereinafter referred to as “MCA”) has in continuation to its General Circular no: 03/2013, dated 08th February, 2013 and General Circular no: 07/2013, dated 20th March, 2013 has issued General Circular No. 08/2013 dated …
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