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SEBI (Issue of Capital And Disclosure Requirements) (Amendment) Regulations, 2016

January 21, 2016 1400 Views 0 comment Print

No. SEBI/LAD-NRO/GN/2015-16/031.─ In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, namely:-

SEBI Clarifies on Streamlining Process of Public Issue of Equity Shares & Convertibles

January 21, 2016 1031 Views 0 comment Print

Circular No. SEBI/HO/CFD/DIL/CIR/P/2016/26 Stock exchange(s) may validate the electronic bid details with depository’s records for DP ID, Client ID and PAN, at periodic intervals throughout the bidding day during the bidding period and bring the inconsistencies to the notice of intermediaries concerned, for rectification and re-submission within the time specified by stock exchange.

Revised Rules for appointment as CESTAT President

January 21, 2016 1961 Views 0 comment Print

Notification No. G.S.R. 101(E) (1) These rules may be called the Customs, Excise & Service Tax Appellate Tribunal (Procedure for Appointment as President) Rules, 2016.

SEBI Listing Regulations: Compliance Chart Related to Specified Securities

January 21, 2016 2620 Views 0 comment Print

Securities Exchange Board of India (SEBI) notified on 2nd September, 2015 the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulations have thus been structured to provide ease of reference by consolidating into one single document across various types of securities listed on stock exchanges.

New Rules and Procedure for Appointment of AAR Chairman and Vice-Chairman

January 21, 2016 1445 Views 0 comment Print

G.S.R. 100(E) (1) These rules may be called the Authority for Advance Rulings (Procedure for Appointment as Chairman and Vice-Chairman) Rules, 2016

Rate of exchange of conversion of foreign currency WEF 22nd January, 2016

January 21, 2016 1052 Views 0 comment Print

Notification No. 14/2016 – Customs (N.T.) Central Board of Excise & Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 22nd January, 2016, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

Report in respect of withdrawal of department’s appeals pending before HC/CESTAT

January 21, 2016 1919 Views 0 comment Print

F.No.390/Misc./163/2010-JC Instruction dated 17.12.2015 will also apply to all pending appeals in the High Courts/ CESTAT. Vide the Board’s letter dated 01.01.2016, all the Principal Chief Commissioners/ Chief Commissioners were required to take immediate necessary action for cases which are below the new threshold limits subject to the conditions ibid.

Registration under Maharashtra Tax on Luxuries & Entry of Goods

January 21, 2016 689 Views 0 comment Print

This circular cannot be made use of for legal interpretation of provisions of law, as it is clarificatory in nature. If any member of the trade has any doubt, he may refer the matter to this office for further clarification. You are requested to bring the contents of this circular to the notice of the members of your association.

Road Accident: SOP for Examination of Good Samaritan by Police

January 21, 2016 2386 Views 1 comment Print

1. The Good Samaritan shall be treated respectfully and without any discrimination on the grounds of gender, religion, nationality, caste or any other grounds. 2. Any person who makes a phone call to the Police control room or Police station to give information about any accidental injury or death, except an eyewitness may not reveal personal details such as full name, address, phone number etc.

Alternative Investment Policy Advisory Committee Report on Creating Favourable Tax and Investment Environment

January 20, 2016 880 Views 0 comment Print

India’s economic environment is positive and is going through a period of accelerated growth and innovation. Long-term and stable risk capital is much needed for development to meet the demands of a large population in a competitive and modernizing world. Reforms to promote AIFs in these propitious conditions are well justified as they can significantly increase this steady source of long-term risk capital.

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