Investment in public Issues/ rights issues SEBI.Gov.in (a) Where can I get application forms for applying/ bidding for the shares? Application forms for applying/bidding for shares are available with all syndicate members, collection centers, the brokers to the issue and the bankers to the issue. In case you intend to apply through new process introduced… Read More »
Guide to understand an Offer Document This sub section attempts to inform the structure of presentation of the content in an offer document. The basic objective is to help the reader to navigate through the content of an offer document. (a) Cover Page Under this head full contact details of the Issuer Company, lead managers… Read More »
Understanding Book Building (SEBI FAQ) (a) What is book Building? Book building is a process of price discovery. The issuer discloses a price band or floor price before opening of the issue of the securities offered. On the basis of the demands received at various price levels within the price band specified by the issuer,… Read More »
To all the Life Insurers Ref:IRDA/Life/GDL/MISC/186/10/2015 Date:28-10-2015 Applicability of provisions of Section 45 of Insurance Act 1938 in various scenarios After amendment to Section 45 of Insurance Act 1938 , we have been receiving queries from the Life Insurers with regard to the application of new provisions in various scenarios that can arise… Read More »
GUIDELINES ON POINT OF SALES PERSON CIRCULAR NO. IRDA/INT/GDL/ORD/183/10/2015, DATED 26-10-2015 The Authority has observed that there are number of persons who are involved in undertaking simple and routine activities pertaining to solicitation and marketing of insurance policies. For e.g. bulk of products in motor insurance, travel insurance, personal accident insurance, etc. require very little… Read More »
Where a cheque was deposited in drop box of Kotak Mahindra Bank and it was stolen and fraudulently encashed by someone through a fictitious account opened in Bank of Baroda. In such a case both Banks were liable for deficiency of services and were directed to pay Rs. 1 lakhs each as compensation to the… Read More »
The Institute of Chartered Accountants of India has decided to withdraw 5 Guidance Notes on different accounting aspects. The list of the Guidance notes which have been withdraws are as follows:- 1. Guidance Note on Accounting for Depreciation in Companies 2. Guidance Note on Treatment of Reserve Created on Revaluation of Fixed Assets… Read More »
(TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-I SECTION-(I) GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE NEW DELHI PUBLIC NOTICE NO. 42/2015-2020, Dated: October 26, 2015 Subject: Services Exports from India Scheme (SEIS) – Schedule under Appendix 3D as annexure to the Public Notice… Read More »
ICAI Clarification on the use of CA Logo – (26-10-2015) Pursuant to the issue of Announcement dt. 29.08.2015 pertaining to “Clarifications on some commonly asked queries pertaining to elected representatives of ICAI and the general members of ICAI”, it has come to our knowledge that some members are expressing doubts on whether ICAI has prohibited… Read More »
Securities and Exchange Board of India CIRCULAR CIR/CDMRD/DRMP/2/2015 October 21, 2015 To, The Managing Directors / Chief Executive Officers Regional Commodity Derivatives Exchanges Sir / Madam, Sub.: Risk management for Regional Commodity Derivatives Exchanges 1. Pursuant to Section 131 of the Finance Act, 2015 and Central Government notification F.No. 1/9/SM/2015 dated August 28, 2015, all… Read More »