With the introduction of the rolling settlement in 414 scrips from July 02, 2001, and the fact that all deferral products such as the ALBM/BLESS/MCFS/CNS will no longer be available, it has been decided to withdraw the above referred restrictions on short sales with effect from July 02, 2001.
All outstanding deferred positions as on May 14, 2001 shall be compulsorily liquidated by September 3, 2001. Any additional deferred positions taken on or after May 15, 2001, in addition to (a) above shall be compulsorily liquidated by July 2, 2001.
The exchanges should at their discretion impose additional margin on scrips wherever necessary to contain the risks in the market.
The ‘Technical Group’ headed by Prof. J.R Varma, set up to prescribe risk containment measures for new derivative products, has recommended the risk containment measure for Exchange traded Stock Option Contracts.
In continuation of our circular dated June 20, 2000 on reporting of derivative contracts to SEBI, you are advised to provide the additional information,
The ‘Technical Group’ has recommended the risk containment measure for Exchange traded Options on Stocks. While SEBI would not mandate any particular risk management product.
Circular No. 578/15/2001-CX It has come to the notice of Board that in a number of cases where appeals/SLP/R.A. have been filed in CEGAT/Courts in cases pertaining to PSUs, proposals for obtaining COD clearance are not forwarded by the concerned Commissioners in time and proposals are often sent only after the CEGAT/Court dismisses the case for want of COD clearance after a long passage of time – in some cases even 10 years after the appeal was originally filed.
The enforcement of Section 80 of the Companies (Amendment) Act, 2000 – Postal Ballot – from 15.6.2001 – regarding.
Representations/references are regularly being received from Trade, seeking clarification whether a particular item is covered under the ambit of appendix V to the notification no. 44 (list of 133 products). Clarification to the trade and to the customs authorities have been issued by this office based on the technical comments received from Bureau of Indian Standards (BIS).
In view of the above decision of the CEGAT, it is clear that where the importer does not fulfil the conditions stipulated in an Excise notification, he cannot claim benefit of the same for CVD purposes. Accordingly, it is clarified that the imported goods will not be eligible for the benefit of conditional Central Excise notification when it is not possible to verify the conditions stipulated in the notification. Thus, in the example cited above, candles imported into India
