Listing Agreement

Cir. /IMD/DF/5/2011- March 16, 2011 - The Listing Agreement for securitized debt instruments as set out at Annexure shall come into force with immediate effect for all ‘securitised debt instruments, as defined under regulation 2(1 )(s) of the Securities and Exchange Board of India (Public Offer and Listing of Securitised Debt Instruments) Regulations, 2008, seeking listing on the Stock Exchange. Full Article

Amendment to the format of disclosure under clause 35:-Currently custodians are classified as a separate category other than promoters and non – promoters. Henceforth, shares held by custodians shall be disclosed as a part of the promoter/ promoter g Full Article

Securities and Exchange Board of India (SEBI) had notified the Regulations for Public Offer and Listing of Securitized Debt Instruments on May 26, 2008. The Regulations, inter alia, specified initial disclosure requirements for offer documents for pu Full Article

The Government has said that the Companies Act, 1956 does not provide for appointment of Independent Directors. But, as per clause 49 of the Listing Agreement, all the listed companies are required to appoint Independent Directors. Giving this information in written reply to a question in the Lok Sabha today, the Minsiter for Corporate Affairs, Full Article

‘Success is a journey, not a destination,’ so goes the saying which is true for our profession too. We should not rest with success but instead should sustain it as a continuous journey to ultimate excellence - season after season. April and May are the months of hectic and breathless activity in a chartered accountant’s office, with the March year end closing of the financial statements and the pressures from all the clients, Full Article

With the aggressive disinvestment of PSUs being planned for the coming months, the government is likely to introduce a fixed time-frame during which the nomination of independent directors should be completed by state-run companies. Full Article