National Economic Advisory Committee of ICAI invites applications for the research work. – (26-10-2016) In terms of the authority given to the President by the Council at its 351st meeting held on 12th February, 2016, the President has constituted a new Non-Standing Committee i.e. the National Economic Advisory Committee whose main function is to conduct… Read More »
Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/CMD/CIR/P/2016/116 Dated: October 26, 2016 To All the Recognized Stock Exchanges All Depositories Dear Sir/Madam, Sub: Freezing of Promoter and Promoter group Demat accounts for Non-compliance with certain provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 1. SEBI, vide Circular No. CIR/CFD/CMD/12/2015 dated November 30, 2015,… Read More »
Circulation of Counterfeit (fake) Currency Notes – Public Notice Date : Oct 26, 2016 It has come to our notice that unscrupulous elements are putting into circulation Fake Indian Currency Notes of higher denominations in the course of normal transactions, taking advantage of the gullible and unsuspecting nature of some members of the public. We… Read More »
Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No. 6 (2016 Series) Subject: Foreign Direct Investment (FDI) Policy on Other Financial Services The Government has liberalized its FDI policy on Other Financial Services and Non-Banking Finance Companies (NBFCs). Accordingly, amended policy provisions are mentioned below. 2.0 Para… Read More »
ATM/Debit Card Data Breach Date : Oct 24, 2016 The Reserve Bank of India convened a meeting today with senior officials from select banks, National Payment Corporation of India and card network operators to review the steps taken by various agencies to contain the adverse fall out of certain card details alleged to have been… Read More »
Caveat Section – 148A, Code of Civil Procedure, 1908 Right to lodge a caveat.[Inserted by Amendment Act, 1976, w.e.f. 1-5-1977.] 148A . (1) Where an application is expected to be made or has been made, in a suit or proceeding instituted, or about to be instituted, in a Court, any person claiming a right to… Read More »
SECURITY & EXCHANGE BOARD OF INDIA CIRCULAR CIR/CFD/DIL/115/2016 October 24, 2016 To All issuers All Recognized Stock Exchanges Dear Sir / Madam, Sub: Disclosures in case of listed insurance companies 1. SEBI circular No. CIR/CFD/CMD/15/2015 dated Nov 30, 2015 provides for formats for publishing financial results by listed companies. 2. Subsequently, vide circular No. CIR/CFD/FAC/62/2016… Read More »
SUPREME COURT OF INDIA Union of India v. Indusind Bank Ltd. C. NAGAPPAN AND R.F.NARIMAN, JJ. CIVIL APPEAL NOS. 9087-9089 OF 2016 SEPTEMBER 15, 2016 Ms. Manita Verma, Vibhu Shankar Mishra, R.K. Rathore, Arvind Kumar, Raj Bahadur Yadav, M.K. Maroria, Ms.Shruti Srivastava and Shreekant N. Terdal, Advs. for the Petitioner. Pranab Kumar Mullick, Mrs.… Read More »
SEBI CIRCULAR CIR/IMD/DF/114/2016 October 20, 2016 To All Infrastructure Investment Trusts (InvITs) All Parties to InvITs All Stock Exchanges All Merchant Bankers Dear Sir / Madam, Sub: Disclosure of financial information in offer document/placement memorandum for InvITs 1. Regulation 15(3), read with Schedule III, and Regulation 15(4) of the SEBI (Infrastructure Investment Trusts) Regulations, 2014… Read More »
RBI/2016-17/86 FMRD.DIRD.08/14.03.007/2016-17 October 20, 2016 All SGL/CSGL Account holders Dear Sir/Madam, Participation of Foreign Portfolio Investors (FPIs) in Government securities on NDS-OM platform In terms of RBI circular FMRD.DIRD.06/14.03.007/2014-15 dated March 20, 2015, FPIs are currently permitted to transact in the Over-The-Counter (OTC) market for Government securities with T+2 settlement. 2. As announced in paragraph… Read More »