SEBI UPDATE
Unique Client Code (UCC) and Mandatory requirement of Permanent Account Number (PAN)
It shall be mandatory for the members of the commodity derivatives exchanges to use Unique Client Code (UCC) for all clients transacting on the commodity derivatives exchanges. The commodity derivatives exchanges shall not allow execution of trades without uploading of the UCC details by the members of the exchange.
PAN would be the sole identification number and mandatory for all entities/persons who are desirous of transacting on the commodity derivatives exchanges.
The exchanges would impose penalty on the member at the rate of 1% of the value of every trade that has been carried out by the member without uploading the UCC details of the clients. The penalty collected by the exchanges would be transferred to the Investor protection Fund (IPF).
BOARD RESOLUTIONS
- Board Resolution - Approval of Related Party Framework
- Board Resolution - Approval of Risk Management Policy
- Board Resolution - Approval of Scheme of Merger / Amalgamation
- Board Resolution - Approval of Splitting of Share Certificate
- Board Resolution - Approval of Standalone Financial Statement
- Board Resolution - Approval of Standalone and Consolidated Financial Statement
- Board Resolution - Approval of Vigil Mechanism Policy
- Board Resolution - Approval to Issue Commercial Papers and to open Current Bank Account in connection with Commercial Paper transaction
- Board Resolution - Authorization for Registration of Company under various Acts
- Board Resolution - Authorization for Service Tax Registration
- Board Resolution - Authorization for filing of e-forms with MCA
- Board Resolution - Authorization for signing of documents relating to HR Department
- Board Resolution - Authorization to apply for Import-Export Code Number
- Board Resolution - Authorization to apply for modification in Import - Export Number
- Board Resolution - Authorization to apply for modification in Service Tax Registration
- Board Resolution - Authorization to attend General Meeting
- Board Resolution - Authorization to sign and execute CCD Investment Agreement
- Board Resolution - Authorization to sign and execute Leave and License Agreement
- Board Resolution - Authorization to sign and execute OCD Investment Agreement
- Board Resolution - Authorization to subscribe for membership of a Society
- Board Resolution - Authorization to use the prefix in the name of proposed company
- Board Resolution - Availing of Corporate Internet Banking Facility
- Board Resolution - Borrowing Power of the Company
- Board Resolution - Cancellation and Re-classification of Authorized Share Capital
- Board Resolution - Change in Bank Authorized Signatories
- Board Resolution - Change in designation from WTD / MD to Non-Executive Director
- Board Resolution - Change of Name Clause of Memorandum of Association
- Board Resolution - Change of Object Clause of Memorandum of Association
- Board Resolution - Closure of Bank Account of the Company
- Board Resolution - Consent by Creditors to the Scheme of Amalgamation
- Board Resolution - Consent by Shareholder to the Scheme of Amalgamation
- Board Resolution - Constitution of Audit Committee and their Term of references
- Board Resolution - Constitution of Corporate Social Responsibility Comiittee
- Board Resolution - Constitution of Nomination and Remuneration Committee
- Board Resolution - Conversion of Loan / Debenture into Equity Shares
- Board Resolution - Conversion of One Person Company into Private Company
- Board Resolution - Conversion of Private Company into One Person Company
- Board Resolution - Conversion of Private Company into Public Company
- Board Resolution - Conversion of Public Company into Private Company
- Board Resolution - Conversion of Section 8 Company into Private Company
