"05 January 2017" Archive

Reg. Exclusively Listed Companies in the Dissemination Board

Circular No. SEBI/HO/MRD/DSA/CIR/P/2017/5 (05/01/2017)

SEBI vide circular dated October 10, 2016 provided a period of three months to the ELCs on the DB to submit an action plan to list or to provide exit to shareholders to the designated stock exchanges....

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SEBI Guidance Note on Board Evaluation

Circular No. SEBI/HO/CFD/CMD/CIR/P/2017/004 (05/01/2017)

The Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) contain broad provisions on Board Evaluation i.e. evaluation of the performance of: (i) the Board as a whole, (ii) individual directors (including independent directors and Chairperson) and...

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Debit notes & Credit notes under Proposed Goods & Services Tax (GST)

Section 31 of proposed Model GST Act states that credit or debit notes will be raised by the supplier who has supplied such goods and / or services. ...

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Posted Under: SEBI | ,

Analysis of Companies Incorporation Fifth Amendment Rules, 2016

Companies Incorporation Fifth Amendment Rules, 2016- MCA has replaced the Form No. INC-2 and Form No. INC- 7 with Form INC-7 and Form INC-32 (SPICe) ...

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Posted Under: SEBI |

Transitional Provisions under Revised Model GST Law- Part-XI

Provision for transfer of unutilized Cenvat Credit by taxable person having centralized registration under the earlier law...

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Posted Under: SEBI |

GST and Budget – Way Forward

The 8th meeting of GSTC held on 3-4 January, 2017concluded without any break through on cross empowerment, territory and compensation issues. The issue of territory was not raised earlier and compensation issue has triggered again as a fall out of demonetization....

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Posted Under: SEBI |

Public Issue of NCD having credit rating below Investment Grade

With respect to the credit rating requirements for public issuance of debt securities, Regulation 4(2) of ILDS Regulations mentions that, an issuer making a public issue of debt securities has to obtain credit rating from at least one credit rating agency registered with the Board and disclose it in the offer document....

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Posted Under: SEBI |

ICAI released Revised Standard on Auditing (SA) 720 for comments

Your comments on Exposure Draft Standard on Auditing (SA) 720 (Revised) The Auditor’s Responsibilities Relating to Other ,should reach us by February 20, 2017. ...

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Posted Under: SEBI |

GST Returns – Insights

Return is an important tool to collect the financial data and other related information, so as to enable the Department to have a concrete database for enforcing the compliance part. Thus, return process has become a powerful tool to implement the ‘data and revenue’ collection system. ...

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Posted Under: SEBI |

Person raising construction on land belonging to another would be a “person interested” under section 2(d) of the Coal Bearing Areas (Acquisition and Devlopment) Act, 1957 to claim compensation.

South Eastern Coal Fields Ltd. Vs Shri Uday Narayan Jaiswal (Chhattisgarh High Court)

These are the batch of Misc. Appeals filed under Section 20(1) of the Coal-Bearing Areas (Acquisition And Development), Act of 1957 (hereinafter referred to as the 'Act 1957'), challenging the order passed by the Tribunal (Presided over by the District Judge) constituted under Section 15 (2) of the Act 1957....

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