Monthly Archives: December 2015

Electronic Book for Primary Market Debt Offering through private placement

By | December 3, 2015

Proposal for seeking approval for initiation of public consultation process on introduction of “Primary Market Debt Offering through private placement on electronic Book” The Board considered and approved the proposal for initiation of public consultation process on introduction of “Primary Market Debt Offering through private placement on electronic Book”. The key benefits of such an… Read More »

SEBI will issue Consultation paper for Green Bonds

By | December 3, 2015

Consultation paper for disclosure requirements for issuance and listing Green Bonds The Board considered and approved the proposal for initiation of public consultation process for disclosure requirements for issuance and listing of Green Bonds, which are in line with the requirements as provided in Green Bond Principles as recommended by International Capital Market Association (ICMA).… Read More »

Trading in last one year Condition relaxed for Delisting of Small Companies Condition of

By | December 3, 2015

Delisting of Small Companies Delisting Regulations provide for simplified procedure of delisting for small companies and exempt them from the requirements of Chapter IV of the Delisting Regulations subject to certain conditions. Currently, one of such conditions is that the shares of the company have not been traded for the preceding one year. Based on… Read More »

Business Responsibility Reporting extended to top 500 Listed Entities :SEBI

By | December 3, 2015

Business Responsibility Reporting by Listed Entities SEBI has, vide circular dated August 13, 2012, mandated Business Responsibility Reporting (BRR) requirement for top 100 listed entities based on market capitalization in their annual reports. The key principles which are required to be reported by the entities include the areas such as environment, social, governance, stakeholder’s relationships,… Read More »

Companies can avoid Penalties if deedmed public issue to less than 200 person

By | December 3, 2015

Securities and Exchange Board of India Deemed Public Issues Post April 01, 2014, any offer or allotment of securities shall be considered as public issue if the number of offerees / allottees exceeds 200 persons in a financial year under the Companies Act, 2013 as against the cap of 49 persons provided in the Companies… Read More »

CBEC Guidelines for handling seized/ confiscated by Department

By | December 2, 2015

INSTRUCTION F.No.394/97/2015-Cus (AS) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Anti-Smuggling Unit) New Delhi, dated 1 st December, 2015 To All Principal Chief/Chief Commissioners of Customs All Principal Chief/Chief Commissioners of Customs (Preventive) All Principal Chief/Chief Commissioners of Customs & Central Excise All Principal Chief/Chief Commissioners of… Read More »

IRDA invite comments on Amendment to Regulation 28(9) for Branch offices of Foreign Reinsurers

By | December 2, 2015

Exposure Draft Date:02-12-2015 Amendment to Regulation 28(9)-Order of preference of cessions by Indian insurers – IRDAI’s (Registration and Operations of Branch offices of Foreign Reinsurers other than Lloyd’s) Regulations, 2015 Attention is drawn of all stakeholders regarding the IRDAI’s (Registration and Operations of Branch offices of Foreign Reinsurers other than Lloyd’s) Regulations, 2015. As is… Read More »

Redressal of Investors’ Grievances against Companies

By | December 2, 2015

As per the investors’ grievances data maintained by the Ministry of Corporate Affairs, action has been initiated against 319 Companies in 2012-13, 420 companies in 2013-14 and 2414 companies in 2014-15. This is an on-going process. Non-payment of dividend/interest on listed securities, pertaining to companies listed at stock exchanges is actionable under sections 11B/15C of… Read More »

Review of Companies Act 2013 by Govt

By | December 2, 2015

Review of Companies Act  The Companies Law Committee was constituted (Annexure-I) in fulfillment of an assurance made by the Corporate Affairs Minister during discussion on Companies (Amendment) Bill, 2014 in the Rajya Sabha in response to the concerns raised by Members in Rajya Sabha as well as for addressing issues raised by various stakeholders regarding… Read More »