Corporate Law - BSE 222 companies delisting: India’s biggest stock exchange in terms of total listed companies BSE (Bombay Stock Exchange) has delisted as many as 222 companies from its platform with effect from today, 4 July 2018. Earlier on 2 July 2018, the leading stock exchange BSE informed about the delisting of 222 companies in 2 separate notices...
Read MoreCorporate Law - WANT TO TAKE A BUSINESS ON NEXT LEVEL – ? Are you thinking for Cheaper Source of Fund – ? THE SME IPO The BSE SME Exchange has been setup by the Bombay Stock Exchange (BSE) to provide Small and Medium Sized Enterprises (SMEs) a platform for raising equity capital for their growth and […]...
Read MoreCorporate Law - A Stock market is a place where two parties (buyer and seller) involve themselves in a transaction of securities. Securities are meant by a financial instrument which is allowed to transferable by/after sale. E.g. Stocks (shares), Bonds, Debentures and any other marketable securities....
Read MoreCorporate Law - In the final week of April, the S&P BSE Sensex crossed the 30,000 mark - a symbolic breakthrough - to close at an all-time high of 30,133 points. Some of the best performing sectors have been consumer durables, banks, and oil and gas....
Read MoreCorporate Law - If we will see chart of Reliance of 5 years then Reliance was trading between 800 (lowest on 15-05-2012 Rs 681.65) to 1109 (highest on 06-06-2014 RS 1122.40). On 22-02-2017 it has crossed resistance of 1125 with huge volume & closed on the same day at 1207.5. ...
Read MoreCorporate Law - India’s First Fully Sharia Compliant Company, Octaware Technologies Limited, lists on the Bombay Stock Exchange - SME Platform. Octaware Technologies is a highly experienced software development, enterprise solution and consulting firm engaged in the business of providing a range of Information Technology...
Read MoreCorporate Law - To enhance transparency in Stock market tradings, the Bombay Stock Exchange will provide SMS of transaction details to mobile phones and Email accounts of investors from today....
Read MoreCorporate Law - SEBI Board Meeting - Platform for e-voting by shareholders of listed entities; manner of dealing with audit reports filed by listed entities and amendment to certain provisions in SEBI (ICDR) regulations relating to infrastructure sector, etc....
Read MoreCorporate Law - The revenue department is opposed to abolition of Securities Transaction Tax (STT) as the levy helps keep a tab on investments in markets and track flow of unaccounted funds. STT helps in overall regulation and keep a check on cost involved. The stock exchanges have been asking the Finance Ministry to abolish STT arguing that such a step ...
Read MoreCorporate Law - The Government and the Securities and Exchange Board of India (SEBI) have put in place mechanisms to monitor and assess foreign institutional investments. These mechanisms help to promote safe, transparent and efficient markets and protect market integrity. The systems established include advanced risk management mechanisms comprising of ...
Read MoreCIT Vs M/s. Walfort Share & Stock Brokers P. Ltd. (Supreme Court of India) - S. 94(7) was inserted prospectively w.e.f. 1.4.2002 to disallow dividend stripping losses. If the argument of the Revenue that even transactions prior to s. 94(7) can be disallowed is accepted, it will render s. 94(7) redundant and also lead to anomalous results....
Read MoreMahesh Ratilal Shah Vs Union of India (Supreme Court of India) - As would be evident from the pleadings and submissions made on behalf of the respective arties, the main question which we are called upon to consider is whether in the absence of publication of the Rules and Bye-laws of the Bombay Stock Exchange, which had been framed prior to its recognition in 19...
Read MoreCIT Vs Techno Shares & Shares Limited and Various other Stock Broking Houses (Bombay High Court) - Recently, the Bombay High Court in the case of CIT v. Techno Shares & Shares Limited and Various other Stock Broking Houses (ITA no. 971 of 2006 and 218 of 2007) held that the depreciation cannot be granted on Bombay Stock Exchange Membership Card (BSE card) acquired on or after 1 April 1998 either ...
Read MoreFujitsu Services Ltd., In re (Authority for Advance Rulings) - The applicant is a non-resident Company incorporated in United Kingdom. It is engaged in the business of information technology services. The applicant acquired the shares in Zensar Technologies Limited (for short `Zensar'), an Indian company by making payments in foreign currency between 1963 and 1...
Read MoreNotice No- 20180702-28 - (02/07/2018) - 210 companies (given in Annexure I) that have remained suspended for more than 6 months would be delisted from the platform of the Exchange, with effect from July 4, 2018...
Read MoreNotice No. 20180702-29 - (02/07/2018) - Trading Members of the Exchange are hereby informed that the undermentioned 6 companies that have remained suspended for more than 6 months and whose status on the MCA website is reflected as under liquidation / liquidated would be delisted from the platform of the Exchange, with effect from July 4,...
Read MoreNotice No. : -20170807-31 - (07/08/2017) - SEBI has forwarded a list of 331 shell companies as identified by Ministry of Corporate Affairs and has directed the Exchanges to identify the companies listed on their trading platform and initiate following measures :...
Read MoreDCS/COMP/28/2016-17 - (30/03/2017) - Exchange had mandated filing of the following Regulations in XBRL:-1. Corporate Governance (Regulation 27) 2. Shareholding Pattern (Regulation 31) 3. Voting Results (Regulation 44)...
Read MoreCircular No. DCS/COMP/10/2016-17 - (20/09/2016) - ‘Income from Operations’, as mentioned in the formats for publishing financial results prescribed in the circular dated November 30, 2015, may be disclosed inclusive of excise duty, instead of net of excise duty, as specified in the Companies Act, 2013....
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Notice No- 20180702-28 - (02/07/2018) -
Notice No. 20180702-29 - (02/07/2018) -
Notice No. : -20170807-31 - (07/08/2017) -
DCS/COMP/28/2016-17 - (30/03/2017) -