circular is being issued in exercise of the powers conferred by Section 11 (1) of Securities and Exchange Board of India Act, 1992 to protect the interest of investors in securities and to promote the development of, and to regulate, the securities market.
In view the existing legal provisions, it is clarified that for the purpose of uniformity in assessment, presently the additional duty of Customs (CVD) is chargeable on import of readymade garments on the basis of transaction value i.e. C.I.F. price plus landing charges and not on the basis of Retail Sale Price/Maximum Retail Price.
Representation has been received from the Exchanges that there may be payment / settlement problems on October 21, 2008 due to a possible strike by RBI officers / staff.
notification may be read alongwith SEBI/IMD/CIR No.8/132968/2008 dated July 24, 2008. This circular, is available on SEBI website at www.sebi.gov.in. under the category “Mutual Funds – Circulars”.
SEBI has reviewed the data submitted by the foreign institutional investors in pursuance of our circular no.32, dated October 16, 2008. SEBI disapproves of the activity of the foreign institutional investors lending shares abroad.
Representations were received from the trade and industry for permitting allowance of maximum permissible error on net quantity by weight declared in packages of cement. These representations were received consequent to issuance of show cause notices by the field formations to cement manufacturers, based on the sample weighment that is done as per BIS requirements
This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with the provisions of Regulation 77 of SEBI (Mutual Funds) Regulations, 1996,
For the purposes of trading and settlement operations, you are advised to inform the trading/clearing members of your Stock Exchange accordingly.
Accordingly the enhanced limit for investment in corporate debt shall be allocated among the FIIs on a ‘first come first served’ basis in terms of our Circular dated January 31, 2008, subject to a ceiling of US $300 million per registered entity.
The format for the information pertaining to securities lent by the FIIs to entities abroad is enclosed in Annexure A for cash securities & Annexure B for derivatives positions.
