The Exim Policy (as amended upto 31.03.2001) has permitted imports of free of cost material under the Advance Licence Scheme as envisaged in para 7.4 A of the Handbook of Procedures (Vol 1). However certain doubts were raised regarding computation of value addition in case of free of cost material. The matter was deliberated upon in the Policy Review Committee and it has been decided that for arriving at the value addition.
I am directed to invite your attention to the changes made in Chapters 8, 9 and 9 A of the revised Exim Policy 1997-2002 and Handbook of Procedures, Vol. I, which were announced on 31-3-2001. These changes have necessitated amendments in notifications governing duty free import/procurement of goods by EOU/EPZ/ STP/EHTP/ SEZ units. The amendments have since been carried out vide notification Nos. 56/2001-Cus, and 29/2001-CE, both dated 18-5-2001
Regarding payment of brokerage / commission on the subscription by the associates, we have received a representation from Association of Mutual Funds in India (AMFI). After considering the representation.
The list has been prepared based on the information submitted by the stock exchanges. However, if there is any scrip where there are deferral products available at any of the exchange
The Companies (passing of the resolution by postal ballot) Rules, 2001.
The undersigned is directed to refer to the Ministry’s letter F.No. 497/57/87-CUS.VI dated 5.1.88 (copy enclosed) on the above subject, wherein it was clarified that fire arms allowed to be imported into India shall not be transferred to any other person during the lifetime of the importer for consideration or otherwise.
It has been brought to our notice that some stock exchanges have been granting conditional listing permission to the companies. Section 73 of the Companies Act, 1956 does not envisage any qualified conditional listing permission.
With a view to have a more realistic assessment of the institutional investments it is proposed that custodians should provide the market value of the securities held in custody with them on a monthly basis.
The SEBI (Foreign Institutional Investors) Regulations, 1995 permit FIIs to invest in unlisted securities. Currently the custodians are reporting trades for unlisted securities under ‘no ISIN’ or custodian generated codes.
With a view to have a more realistic assessment of the institutional investments it is proposed that custodians should provide the market value of the securities held in custody with them on a monthly basis.
