The Union finance ministry plans to define any equity placement prior to an Initial Public Offer as promoter shareholding for the purpose of calculating minimum public float. The new definition will be part of an amendment to the Securities Contracts (Regulation) Rules, 1957, that would prescribe a minimum public float of 25 per cent in all companies irrespective of their size or ownership status.
Sebi’s proposal to tighten the norms for investment in derivatives has run into opposition from mutual funds with the industry lobby arguing that fund managers need access to some of the products the regulator wants to ban.The Association of Mutual Funds in India (Amfi), the industry lobby, has sent its detailed response to the mutual funds advisory committee of the Sebi, which will take up the proposal at its next meeting on May 31.
The Securities and Exchange Board of India (SEBI) has relaxed share-listing norms for small and medium enterprises (SMEs) by allowing them to disclose their financial results every six months instead of three months, as is the norm for bigger companies.
The market regulator Sebi today penalised two companies–BTW Industries and GR Magnet–for delaying dematerialisation of securities for several years. While it imposed a penalty of Rs 40 lakh on BTW Industries, GR Magnet was fined Rs 12 lakh for failing to dematerialise its securities. Dematerialising securities means keeping them in electronic form.
Listing means formal admission of a security into a public trading system, usually a stock exchange, often evidenced by a listing agreement between the issuer of the security and the stock exchange. It provides liquidity to the issuer of security for capital and ensures effective monitoring of conduct of issuer and of the trading of the securities in the interest of investors. The issuer wishing to have trading privileges for the securities on a stock exchange satisfies listing requirements prescribed in the relevant statues and in the listing regulations of the concerned stock exchange.
income tax forms, Income Tax Return, Income Tax Return form for A.Y. 2010-11, ITR 1 in Excel Format, ITR 2 in Excel Format, ITR 3 in Excel Format, ITR 4 in Excel Format, ITR 5 in Excel Format, ITR 6 in Excel Format, ITR 7 in Excel Format, ITR 8 in Excel Format, ITR for A.Y. 2010-11, ITR in Excel Format for A.Y. 2010-11, ITR V in Excel Format, [More…] IT acknowledgement in Excel Format, Income Tax Return form for F.Y. 2009-10, ITR 1 in Word Format, ITR 2 in Word Format, ITR 3 in Word Format, ITR 4 in Word Format, ITR 5 in Word Format, ITR 6 in Word Format, ITR 7 in Word Format, ITR 8 in Word Format, ITR for F.Y. 2009-10, ITR in Word Format for F.Y. 2010-11, ITR V in Word Format, IT acknowledgement in Word Format, Saral II in word Format, Saral II in Excel Format
The finance ministry plans to exempt large unlisted companies from the proposed 25% minimum public holding norm to ensure that it does not discourage them from going public.
Securities and Exchange Board of India [SEBI] has amended the instructions for filling applications for registration of a Foreign Institutional Investor [FII] and sub-account of FII. Applicants are now required to provide additional declarations and undertakings along with the application form for registration of FII / sub-account of FII.
Dual Listing has been in the news in recent times due to the proposed alliance between Asia’s leading telecommunications provider Bharti Airtel and South Africa-based MTN Group that would help create the third largest mobile phone group in the world. This has created a buzz in the world of telecommunications. However, this alliance is dependent upon one important aspect or issue – it is of “Dual Listing”.
For the first time in the history of the stock market, investors who lost out on allotment of shares due to a scam will receive compensation from money recovered from scamsters. Finance Minister Pranab Mukherjee will on Monday hand over the cheques to investors who lost out because scamsters cornered the shares meant for retail investors in initial public offerings (IPO) during 2003-05.
