It is hereby clarified that section 56(2)(viia) of the Act shall apply in cases where a specified company or firm receives the shares of the specified company through transfer for no or inadequate consideration. Hence, the provisions of section 56(2)(viia) of the Act shall not be applicable in cases of receipt of shares by the specified company or firm as a result of fresh issuance of shares as mentioned in para 2 above, by the specified company.
Securities and Exchange Board of India CIRCULAR SEBI/HO/MRD/DOPI/CIR/P/2018/161 December 31, 2018 To All Recognized Stock Exchanges Dear Sir/ Madam Physical settlement of stock derivatives 1. Please refer to SEBI circular SEBI/HO/MRD/DP/CIR/P/2018/67 dated April 11, 2018 captioned ‘Review of Framework for Stocks in Derivatives Segment’. 2. In furtherance to the aforesaid circular, it has been decided […]
Electronic Sealing-Deposit in and removal of goods of goods from Customs Bonded Warehouses-deferment of Circular 19/2018-Customs dated 18th June, 2018 Circular 54/2018-Customs F.No.484/03/2015- ILC(Vol-11) Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs ***** North Block, New Delhi Dated 31st December, 2018 To, The Principal Chief Commissioners/Chief Commissioners The […]
CBIC has decided to allow operations under section 65 to be continued in public bonded warehouses up to 31st January 2019, in respect of such operations and for such operators, who had been permitted such facility by jurisdictional authorities, as on the date of issue of Circular 38/2018-Customs dated 18.10.2018.
Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2018/160 December 28, 2018 All Mutual Funds (MFs)/ Asset Management Companies (AMCs)/ Trustee Companies/ Boards of Trustees of Mutual Funds/ Sir / Madam, Subject: Creation of segregated portfolio in mutual fund schemes A. In order to ensure fair treatment to all investors in case of a credit event […]
Offer for Sale (OFS) of Shares through Stock Exchange Mechanism shall be available to companies with market capitalization of Rs.1000 crores and above, with the threshold of market capitalization computed as the average daily market capitalization for six months period prior to the month in which the OFS opens.
The ad-hoc norms fixation procedure by Norms Committee (NC) in 0/o DGFT has been reviewed in the meeting held under the chairmanship of DGFT on 30.11.2018 and the following has been decided for compliance:
It has been decided that in case of change of name of an individual in these states for reasons other than marriage, the same may be allowed for the individual in the BO account subject to the submission of following documents:
CBDT releases Explanatory Notes to Provisions of Finance Act, 2018 vide Circular No. 8/2018 dated 26th of December, 2018 and explained changes made vide union budget 2018. Text of the Circular is as follows:-
Circular No. 9/2018 F No 370142/17/2018 -TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Dated December 26, 2018 Order under section 119 of the Income-tax Act, 1961 Vide Notification in GSR 1217 (E) dated December 18, 2018 with effect from the date of its publication in […]
