Name availability Guidelines, 2011 – The ministry has re-examined the matter regarding availability of name by the system online through STP mode and has brought about some changes wherein the names approved through STP mode on certification of Professional will be put to online check and be transferred for processing in non-STP mode in any of the …
1. External Commercial Borrowings (ECB) for Civil Aviation Sector: RBI vide A. P. (DIR Series) Circular No. 113 dated 24th April, 2012 has notified that as per the extant guidelines, availing of ECB for working capital is not a permissible end-use for civil aviation sector. RBI has reviewed the policy related to ECB and keeping in …
Establishment of Connectivity with both depositories NSDL and CDSL –Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement: SEBI vide CIR/MRD/DP/ 13 /2012 dated April 23, 2012to has instructed the stock exchanges consider shifting the trading in these securities to normal Rolling Settlement subject to the following: At least 50% of …
Overseas Investments by Resident Individuals – Liberalisation / Rationalisation: RBI vide circular RBI/2011-12/474,A. P. (DIR Series) Circular No.97 dated 28th March, 2012 has granted general permission to the resident individuals for acquiring equity shares of a foreign entity by way of/ under (i) qualification shares, (ii) professional services rendered and (iii) ESOP scheme, the details of which …
Exemptions from 100% promoter(s) holding in demat form: SEBI vide its earlier circulars SEBI/Cir/ISD/3/2011 dated June 17, 2011 and SEBI/Cir/ISD/05/2011 dated September 30, 2011 had stipulated 100% promoter(s)holding in demat form. In view of the representations from various companies, SEBI has now vide its circular Cir/ISD/ 1 /2012 dated 30th March, 2012 listed out the exemptions …
General Circular No. 6/2012(Constitution of a Committee to formulate a Policy Document on Corporate Governance): MCA vide circular No. 17/46/2012-CL-V dated 21st March, 2012 has nominated Shri Sudhir Mittal, Additional Secretary on its behalf in the Committee to formulate a policy document on Corporate Governance. General Circular No. 5/2012 (Constitution of a Committee to formulate a …
Registration of Companies or LLPs which have one of their objects as to carry on the profession of Chartered Accountant, Cost Accountant, Architect, Company Secretary etc : The Ministry of Corporate Affairs has vide its General Circular No.02/2012 dated 1stMarch, 2012 directed that at the time of incorporation of companies where one of the objects …
Release of Foreign Exchange for Imports – Further Liberalisation: RBI vide circular RBI/2011-12/404, A.P. (DIR Series) Circular No. 82 dated 21st February, 2012 has clarified that no application is to made to AD by persons, firms and companies for payments towards imports into India as long as the exchange being purchased is for a current account …
Offer For Sale of Shares by Promoters through the Stock Exchange Mechanism: Sebi vide circular CIR/MRD/DP/ 7/2012 dated 23rd February, 2012 has modified Para 5(e)(ii) of the Circular No. CIR/MRD/DP/05/2012 dated February 1, 2012 on the Offer For Sale of Shares by Promoters through the Stock Exchange Mechanism. In this regard it has decided that indicative …
Foreign investment in Single – Brand Retail Trading Amendment to the Foreign Direct Investment (FDI) Scheme: RBI vide circular RBI/2011-12/348, A. P. (DIR Series) Circular No. 67 dated 13thJanuary, 2012 has notified that FDI up to 100 per cent would be permitted in Single Brand product trading under the Government route subject to the terms …
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