AND WHEREAS the Board has received representations about undue hardship which may be caused by insistence on strict compliance with the above time limit in respect of certain specified investors whose promoters or directors are persons resident outside India
Provided that in case of acquisition of shares or voting rights or control in a target company where the public shareholding is below the limit specified for the purpose of listing on continuous basis in terms of the Listing Agreement with the stock exchange,
Whether the obligation to register a transfer of shares within a particular period of time was mandatory or directory? Whether the company can cancel or reject the transfer where stamps on transfer form were not defaced or canceled?
The Government issues Public Notice No. 39, updating DEPB rates under the Foreign Trade Policy 2004-09 and Handbook of Procedures, dated 30th December 2004.
This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
The deadline for filing Duty Free Credit Entitlement applications for Status Holders has been extended to March 31, 2005, per government policy.
In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962 (52 of 1962) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.130/2004-NT-Customs, dated the 24th November, 2004 [S.O.1299(E), dated the 24th November, 2004], the Board hereby determines for the purposes of said section relating to export goods.
In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of Customs Act, 1962 (52 of 1962) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.129/2004-NT-Customs, dated the 24th November, 2004 [S.O.1298(E) dated the 24th November, 2004].
Public Notice No. 38 updates import rules for metallic waste and scrap, specifying permitted ports and deleting a previous condition, issued on 27th December 2004.
Import Policy (including Phytosanitary requirements) given in the ITC (HS) Classification of Import and Export Items and on furnishing of Health Protocol from the Ministry of Agriculture , Department of Animal Husbandry and Dairying at the time of import.
