The Real Estate (Regulation and Development) Bill, 2016 is finally passed by the Rajya Sabha on 10th March 2016 and is gifted to the nation by our Prime Minister, Shri Narendra Modi. How this bill will bring out cheers to our buyers? Is it doing some sort of disfavour to the Real Estate Sector? Will benefit […]
Sukanya Samridhi Account may be opened by the guardian in the name of a beneficiary who has not attained the age of ten years as on the date of opening of the Account:
The LODR Regulations serve to consolidate the provisions of the various listing agreements in operation for different segments of the capital markets, such as equity listings (Main Platform & SME), listing of debt instruments, preference shares, Indian depository receipts, securitized debt instruments, units of mutual fund and any other securities specified by SEBI time to time. Further, the Regulations have been structured to align the provision of Companies Act, 2013 with the provision of Listing Agreement.
In order to provide a simpler and faster mechanism to address the stress in the accounts of MSMEs and to facilitate the promotion and development of MSMEs, the Ministry of Micro, Small and Medium Enterprises, Government of India, vide their Gazette Notification dated May 29, 2015 had notified a ‘Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises’.
RBI issued guidelines permitting standalone Primary Dealers (PDs) to participate in the exchange traded currency futures on approved stock exchanges subject to adherence to certain risk control measures and without diluting their existing obligations in the G-sec market
PR No. 59/2016 March 16, 2016 Caution to the Investors 1. Some unlisted companies are luring retail investors by issuing securities including non-convertible and convertible debentures/ non-convertible and convertible preference shares/ equity shares in the garb of private placement, without complying with the provisions of Companies Act, 1956 read with the Companies Act, 2013, SEBI […]
It has been decided that all agency banks shall keep the counters of their designated branches conducting government business open for full day on March 30, 2016 and till 8.00 p.m. on March 31, 2016. All electronic transactions would, however, continue till midnight on March 31, 2016. Banks may give adequate publicity to the special arrangements made.
As per the provisions of Section 129A (2) or Section 129D of the Customs Act, 1962, Section 35B (2) or Section 35E of the Central Excise Act, 1944 and Section 86 (2A) or Section 86 (2) of Finance Act, 1994 power of review of Commissioner (Appeals) order or order of Principal Commissioner/ Commissioner as an adjudicating authority vests with the Committee of Commissioners and Committee of Chief Commissioners respectively and there is no provision for reviewing the same order twice.
Section 133 of the Finance Act, 2015 had amended Securities Contracts (Regulation) Act, 1956 to include Commodity Derivatives as securities. Further, the sub-clause (vi) of Clause 7 of IFSC Guidelines, 2015 provides that Such other securities as may be specified by the Board. Accordingly, it is hereby specified that the “Commodity Derivatives” shall be eligible as securities for trading and the stock exchanges operating in IFSC may permit dealing in Commodity Derivatives.
CBEC determines rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa, shall, with effect from 18th March, 2016
