Export of Goods and Software – Realisation and Repatriation of export proceeds – Liberalisation –RBI had vide Circular No. A.P. (DIR Series) Circular No. 40 dated 1st November, 2011 enhanced the period of realization and repatriation to India of amount representing the full export value of goods or software exported, from six months to twelve …
Mini derivative (Futures & Options) contract on Index (Sensex & Nifty): SEBI has vide Circular No. CIR/DRMNP/4/2012 dated 20th November, 2012 decided to discontinue mini derivative contracts on Sensex and Nifty Indices with a view to ensure that small/ retail investors are not attracted towards derivative segments. However, the existing unexpired contracts may be permitted to …
Export of Goods and Services – Simplification and Revision of Softex Procedure – The simplified and revised Softex procedure was introduced by RBI vide A.P. (DIR Series) Circular No.80 dated February 15, 2012 and since its introduction, the revised procedure for export of software services has been running successfully at the 5 designated centres. RBI …
Default by Cost Auditors in filing Form 23D against the corresponding Form 23C – MCA vide General Circular No.15/2011 dated April11, 2011 had prescribed a revised procedure to be followed for appointment of cost auditors. As per the revised procedure, each company was required to e-file its application with the Central Government in the …
General Order – SEBI (Framework for Rejection Of Draft Offer Documents) Order, 2012: SEBI has, vide General Order dated October 9, 2012, notified the framework for rejection of draft offer documents filed with the Board. Public issues in electronic form and use of nationwide broker network of Stock Exchanges for submitting application forms – SEBI has …
Foreign Direct Investment (FDI) in India – Allotment of Shares to person resident outside India under Memorandum of Association (MoA) of an Indian company – Pricing guidelines :RBI has vide its circular RBI/2012-13/223 A.P. (DIR Series) Circular No. 36 dated September 26, 2012 has intimated that in cases, where non-residents (including NRIs) make investment in an …
Filling Of Balance Sheet and profit and loss Account by Companies in Non-XBRL for the accounting year commencing on or after 01.04.2011 : In supersession to all the earlier circulars issued in this regard, the Ministry has now issued General_Circular_30/2012. dated 28.09.2012 as per which the due date of filing of e-forms 23AC(Non-XBRL) and 23ACA …
Addendum to Circular No. CIR/MRD/DP/21/2012 dated August 2, 2012: SEBI had issued a circular in August, 2012 regarding the activation of ISIN in case of additional issue of shares/ securities. In partial modification of Point 3 & 5 of the circular CIR/MRD/DP/21/2012 dated August 02, 2012, SEBI has now vide its circular CIR/MRD/DP/ 24 /2012 …
Constitution of a Committee for Reforming the Regulatory Environment for doing Business in India – Considering the report of the World Bank and the International Finance Corporation, entitled “Doing Business 2012: Doing business in a very Transparent World” in which India has been ranked at a low of 132 amongst a sample of 183 Countries, …
Manner of achieving minimum public shareholding requirements in terms of SCRR, 1957– SEBI has with a view to facilitate listed entities to comply with the minimum public shareholding requirements within the time specified in Securities Contracts (Regulation) Rules, 1957 (“SCRR, 1957”), allowed the following additional methods:- Rights Issues to public shareholders, with promoters/promoter group shareholders …
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