SEBI UPDATE

SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2016.

SEBI has amended the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014.

These regulations may be called the Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2016.

They shall come into force on the date of their publication in the Official Gazette.

SEBI...Continue Reading

SEBI UPDATE

Guidelines for functioning of Stock Exchanges and Clearing Corporations in International Financial Services Centre (IFSC)

Based on representations received from the market participants on the proposed market structure and risk management framework and subsequent to deliberations in Secondary Market Advisory Committee (SMAC) and Risk Management Review Committee (RMRC), it has been decided to put...Continue Reading

MCA UPDATE

No Time Extension beyond 29th November, 2016 for filing financial statements and Annual Returns 

Stakeholders may please note that there will be no extension of last date beyond 29th Nov 2016 for filing financial statements and Annual Returns under the Companies Act, 2013 using eforms AoC-4/AoC-4 (XBRL)/AoC-4 CFS or MGT-7 as the case may be without payment of additional fee. Additional fee as...Continue Reading

RBI UPDATE

Foreign Exchange Management (Insurance) Regulations, 2015

RBI has revised the regulations issued under the Foreign Exchange Management (Insurance) Regulations, 2000 notified vide Notification No. FEMA. 12/2000 - RB dated May 03, 2000 c.f. G.S.R. No. 395(E) dated May 03, 2000. Accordingly, the said Regulations have been repealed in consultation with the Government of India and superseded by the...Continue Reading

MCA UPDATE

Amendment in Schedule II of the Companies Act, 2013

Ministry of Corporate Affairs vide Notification G.S.R.(E) dated 17^th November, 2016 has made an amendment in the Schedule II of the Companies Act, 2013 whereby in Schedule II, under Part 'A', in para 3, in sub paragraph (ii), for the brackets, letters and words starting with "(ii) For intangible" and ending with the words "force shall...Continue Reading

SEBI UPDATE

Review of requirement for copy of PAN Card to open accounts of FPIs 

Based on representations received from stakeholders and to further ease the PAN verification process at the time of account opening of FPIs, it is decided that the intermediaries can verify the PAN of FPIs online from website authorised by Income Tax department at the time of account-opening for FPIs....Continue Reading

MCA UPDATE

New Version of E-Forms

Forms AOC-4 (Form for filing financial statement and other documents with the Registrar), AOC-4 Addendum and AOC-4 CFS (Form for filing consolidated financial statements and other documents with the Registrar) were recently revised on MCA21 Company Forms Download page . Stakeholders are advised to check the latest version before filing.

Commitee Meeting

• Agenda of Audit Committee...Continue Reading

SEBI UPDATE

SEBI’s Participation in 36th India International Trade Fair, 2016 (New Delhi)

As part of its endeavour to showcase the well regulated securities market of India as well as to spread the message of financial literacy and investor awareness, SEBI has set up a Pavilion 'BHARAT KAA SHARE BAZAAR' at Hall No. 18 of Pragati Maidan, in the 36^th India...Continue Reading

SEBI UPDATE

Clarification on aspects related to day count convention for debt securities issued under the SEBI (Issue and Listing of Debt Securities) Regulations, 2008

SEBI has made following clarification on aspects related to day count convention for debt securities issued under the SEBI (Issue and Listing of Debt Securities) Regulations, 2008, based on the discussions with different...Continue Reading

RBI UPDATE

External Commercial Borrowings (ECB) – Clarifications on hedging

RBI has issued following directions in order to bring uniformity in hedging practices in the market so as to effectively address currency risk at a systemic level:

Coverage: Wherever hedging has been mandated by the RBI, the ECB borrower will be required to cover principal as well as coupon through financial hedges. The financial hedge for all...Continue Reading