It has been observed that in the cases where companies listed at the stock exchanges fail to comply with the various requirements of listing agreement, the exchanges do not initiate any action against the companies.
The companies are advised to furnish a copy of compliance certificate latest by April 07, 2003 to the stock exchanges wherever their securities are listed as well as to the depositories wherever the securities have been admitted.
The custodians of securities are requested to bring the contents of this circular to the notice of their constituents. The circular is also available at the web page Legal Framework on the SEBI website at www.sebi.gov.in.
The small stock exchanges were permitted to promote / float a subsidiary / company vide SEBI Circular no. SMD-II/Policy/Cir-37/99 dated November 26, 1999. SEBI has inspected subsidiary companies and has reviewed their functioning.
Circular No. 691/7/2003-CX
In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby makes the following rules further to amend the Central Excise Rules, 2002, hereinafter referred to as the said rules, except as respect things done or omitted to be done before such amendment
Circular No. 1 of 2003-Income Tax The provisions of the Indo-Mauritius DTAC of 1983 apply to ‘residents’ of both India and Mauritius. Article 4 of the DTAC defines a resident of one State to mean “any person who, under the laws of that State is liable to taxation therein by reason of his domicile, residence, place of management or any other criterion of a similar nature.” Foreign Institutional Investors and other
The principal notification No.99/2000-Customs, dated the 11th July, 2000 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 598(E). dated the 11th July, 2000 and was last amended by notification No.129/2002-Customs dated the 20th November, 2002
It has been decided to allocate a quantity of 8,500 MTs ( Eight thousand five hundred MTs ) of Raw sugar out of free sale portion of 2002-2003 ( October 1, 2002 to September 30, 2003 ) season’s production for export to USA as a Preferential Raw Cane sugar Tariff Rate quota for the fiscal year 2003 (October 1, 2002 to September 30, 2003 ) and place the same at the disposal of M/s Indian Sugar Exim Corporation Ltd., New Delhi.
System for online transmitting the client wise pay-in obligation to depository so that the depository in turn could download the security pay-in instructions to depository participants in respect of the investor maintaining account with them.
