Updates & Amendments

System for Making Application to Public issue of Debt Securities : SEBI vide circular CIR. /IMD/DF-1/20/2012 dated July 27, 2012 has decided the following in order to facilitate a system for making online applications for public issue of debt securities and to reduce the timelines of the issue process for public issue of debt securities:

Corrigendum to LLP Notification dated 05.06.2011 – MCA vide its Corrigendum dated 21/06/2012  has substituted new forms in place of the existing ones. Extension of time for filing annual return by LLPs: In continuation of the MCA’s circular no. 13/2012 dated 6th June, 2012, the time limit for filing the Annual Return by LLPs has

FII Investment in Government debt long term and corporate debt long term infra category: The Reserve Bank of India (RBI), vide its circular dated June 25, 2012  decided to enhance the existing limit for investment by SEBI registered Foreign Institutional Investors (FIIs) in Government debt by a further amount of USD 5 billion taking the

Filing of Cost Audit Report (Form‐I) and Compliance Report (Form‐A) in (XBRL) mode : In continuation of MCA’s General Circular No. 8/2012 dated 10th May, 2012, it has been decided vide General Circular No. 8/2012 dated 29th June, 2012 that filing of Cost Audit Reports and Compliance Reports with the Central Government in the XBRL mode

Master Circular on Foreign Investment in India : RBI has compiled and issued the Master Circular on Foreign Investment vide its notification RBI/2012-13/15 Master Circular No. 15/2012-13 dated 2nd July, 2012. This Master Circular also covers the area of ‘Investment in capital of partnership firms or proprietary concern’. This Master Circular is being issued with

Exit Policy for De-recognized/ Non-operational Stock Exchanges: SEBI has  vide  its circular CIR/MRD/DSA/14/2012 dated May 30, 2012 revised/modified its guidelines in respect of exit option to stock exchanges in order to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. Filing Offer Documents under SEBI

1. Cost Accounting Records and Cost Audit – clarifications about coverage of certain sectors thereunder : MCA has in partial modification of para (b)  (iii) of the General Circular No. 67/2011 dated 30thNov, 2011 decided to extend exemption from mandatory cost audit to all units located in the specified zones such as SEZs, EPZs, FTZs, and also

1. Overseas Direct Investments by Indian Party – Online Reporting of Overseas Direct Investment in Form ODI: RBI vide RBI/2011-2012/585 A.P. (DIR Series) Circular No.131 dated 31st May, 2012 has decided to communicate the UIN in respect of cases under the Automatic Route to the ADs/Indian Party through an auto generated e-mail to the email-id