Legal Framework”. The entire text of the SEBI (DIP) Guidelines, 2000, including the amendments issued vide this circular, is available on SEBI website under the categories “Legal Framework” and “Issues and Listing”.
It is clarified that the said guidelines on dividend distribution procedure are applicable to all mutual fund schemes/plans which intend to declare the dividend irrespective of their dates of launch. All other provisions of the aforesaid circular remain unchanged.
As there are no indices catering to the gold sector/securities linked to Gold, currently GETF shall be benchmarked against the price of Gold.
At least 50% of non-promoter holdings as per clause 35 of Listing Agreement are in demat mode before shifting the trading in the securities of the company from TFTS to rolling settlement.
To facilitate clearance of second hand capital goods under free category, a declaration by the importer at the time of clearance that the capital goods imported are second hand capital goods and do not fall under the category of remanufactured capital goods may be accepted by the customs authorities.
It may be recalled that notification no. 11/2002 Central Excise (NT) dated 1st March, 2002 was issued under Rule 5 of the CENVAT Credit Rules, 2002 prescribing safeguards, conditions and limitations for allowing refund of unutilised input credit to manufacturers. The said rule has been substituted by a new Rule 5 vide notification no. 4/2006 Central Excise (NT) dated 14th March, 2006 to enable refund of unutilised input/input service credit to manufacturers and service providers
In view of the above, it has therefore been decided to withdraw Board Circular No. 57/2003 dated 27-06-2003 and to restore status-quo ante prevailing prior to the issuance of the said circular. Consequently, the benefit of notification No. 21/2002 -Cus (S.No. 313) dated 01-03-2002 is available to all telephones(including Fixed Wireless Telephones) working on cellular technology.
In case of third party exports in case of DEPB claims based on EDI DEPB shipping bills, the applications will also need to be filed through the ECOM mode only on the DGFT website and no manual DEPB applications will be allowed. Regional Licensing Authority will however need to check on the admissibility of the third party claims from the documents submitted by the third party claimants in this behalf before passing such claims.
Further in respect of Government Departments and Public Sector Undertakings the requirement of furnishing cash security was also waived under project imports as per Board’s circular No.89/95 dated 9.8.95.
Companies which have, irrespective of the percentage of their shares with public at the time of initial listing, reached a size of two crore or more in terms of number of listed shares and Rs. 1000 crore or more in terms of market capitalization.
