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Circulars

MVAT Trade Cir – 20T of 2009 – Grant of Administrative Relief to unregistered dealer

June 23, 2009 1510 Views 0 comment Print

The powers for grant of Administrative Relief in respect of Acts administered by the Sales Tax Department mentioned in the Government Resolution referred to at Sr.No.2 above were delegated by the Commissioner of Sales Tax to the authorities vide Trade Circular No.68T of 2007 dated 26/11/2007 and Trade Circular No.14T of 2009 dated 18/4/2009.

SEBI : Clarification on applicability of SEBI Regulations/ Circulars on Initial and Continuous Disclosures for Convertible and Non-Convertible Debt

June 23, 2009 454 Views 0 comment Print

All stock exchanges are advised to bring to the notice of all the listed companies and issuers seeking listing of their convertible debt securities.

SEBI : Maintenance of Clients’ Funds in a separate Bank Account by Portfolio Managers

June 23, 2009 412 Views 0 comment Print

Portfolio Managers shall also maintain an accounting system containing separate client-wise data for their funds and provide statement to clients for such accounts at least on monthly basis.

Filing of prosecution for violation of S.159/220 of the Companies Act,1956

June 20, 2009 3619 Views 0 comment Print

In view of the above, all Registrar of the Companies are requested to make a prayer before the Hon’ble Court to pass an order under section 614A(1) of the Act, while deciding the cases for violations of Provisions of Section 159/220 of the Companies Act, 1956 so that action as contemplated under penal provisions of section 614A(2) of the Companies Act,1956 could be taken against the accused directors of the companies.

Status of a holder of global Depository Receipts (GDRs)- clarification

June 16, 2009 3118 Views 0 comment Print

Since the underlying shares are allotted in the name of Overseas Depository Bank, the name of such Overseas Depository Bank is to be entered in the Register of Members of the issuing company.

SEBI : Model Listing Agreement for listing of Indian Depository Receipts (IDRs) issued by issuing companies whose securities market regulators are signatories to the Multilateral Memorandum of Understanding (MMOU) of International Organization of Securities Commissions (IOSCO).

June 16, 2009 190 Views 0 comment Print

SEBI received suggestions from market participants to modify the said Model Listing Agreement so as to align it with the listing requirements of the issuers’ home country so that there is no additional regulatory or cost burden to the issuers.

Prohibition on import of toys

June 16, 2009 424 Views 0 comment Print

The following normative documents contain provisions which, through references in this text, constitute provisions of this part of ISO 8124. For dated references, subsequent amendments to, or revision of, any of these publications do not apply. However, parties to agreements based on this part of ISO 8124 are encouraged to investigate the possibility of applying the most recent editions of the normative documents indicated below.

Verification of new IEC Number

June 16, 2009 8098 Views 0 comment Print

IEC certificates shall be sent to the applicants on the address indicated in the application by registered post only. In exceptional cases, as decided by the Head of Office of the concerned RA, such certificates may be handed over to the applicants. In case any certificate is returned undelivered by postal authorities.

RBI circular on RTGS Transactions to all banks participating in RTGS

June 16, 2009 1835 Views 0 comment Print

It may be noted that field tag 7495 contains 6 lines and the RTGS participants are required to provide the minimum return information as stated above in the first three lines. Any additional information, in case an RTGS participant intends to provide, may do so in the subsequent three lines.

Eligibility of exemption Notification No 6/2006_CE to pipe fittings ( joints, sleeves, elbow, couplings, etc. ) -reg

June 15, 2009 463 Views 0 comment Print

It has been brought to the notice of the Board that the manufacturers of pipe fittings (joints, sleeves, elbow, couplings, etc.) are claiming the benefit of the Sl No. 7 of the Notification No. 6/06-CE. It is also reported that some units are manufacturing pipes and pipe fittings and claiming benefit of notification for pipe fittings which are cleared alongwith pipes. The issue is whether the ‘pipe fittings’ in the water supply network are also exempted.

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