Applicability of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 SEBI vide its Notification No. LAD-NRO/GN/2011-12/24/30181 dated September 23, 2011 notified the New SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 replacing the Takeover Regulations namely SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. A copy of the new Takeover Regulations is uploaded on the Home page [Read More...]
Nov 052011
The Takeover Regulations Advisory Committee (TRAC) had given their recommendations for the new Takeover Regulations. The Securities & Exchange Board of India vide Circular No. SEBI/CFD/DCR/SAST/ 1/2011/09/23 dated 23rd September 2011 have notified the New Takeover Regulations based on the Report earlier submitted by the Takeover Regulations Advisory Committee (TRAC). In the light of the same, ICSI-CCGRT is organising the [Read More...]
The Institute of Company Secretaries of India is organizing a Campus Placement for the fresher members for job and for students for 15 Months Training on Saturday, the 1st October 2011 at ICSI-NOIDA, C-37, Sector 62, NOIDA. In order to provide the orientation to the members and students for facing the interviews, ICSI has been decided to organize a orientation [Read More...]
The Ministry of Corporate Affairs (MCA) has diluted its earlier decision and allowed companies not filing their updated balance sheets and profits and accounts to the Registrars of Companies (RoCs) to apply for liquidation through a speedy process. Also, directors of the firms can now intimate management changes, consolidations and divisions, changes in share capital without filing / updating their [Read More...]
Sep 272011
A report by the Independent Commission on Banking (ICB), which urged the British government to impose a “ring-fence”: a strict separation between the retail and investment-banking operations of Britain’s banks. The commission, chaired by Sir John Vickers, an independent-minded economist, also called for a big increase in the amount of capital held within these ring-fenced banks as a buffer against [Read More...]
Sep 152011
Clarification on applicability of Schedule VI of Companies Act, 1956 for December 2011 Examination The Ministry of Corporate Affairs (MCA) under notifications number S.O. 447(E) and 653(E) dated 28th February, 2011 and 30.03.2011 respectively notified that the annual accounts for the financial year ending 31st March 2012 shall be prepared in accordance with the revised Schedule VI. Hence, the new Schedule [Read More...]
The Union Minister of Commerce, Industry and Textiles, Shri Anand Sharma has stressed the need to avoid protectionist tendencies by the developed economies. Speaking to a delegation of the US- Congress and German- Bundestag, the Minister said “crisis leads to inward thinking but protectionism is counter-productive as it deepens recession. Wherever protectionism has been resorted to, it has never helped.” [Read More...]
Sep 012011
A Parliamentary Panel has asked the Government to devise a mechanism to ensure a minimum assured/guaranteed return to subscribers of New Pension System (NPS). In the absence of such a guarantee/assurance, the NPS cannot justifiably claim to provide ‘old age income security’, the Standing Committee on Finance said in its report on the PFRDA Bill, 2011. The report was tabled [Read More...]
Aug 272011
If a person is NRI or PIO, she/he can, without the permission from the Reserve Bank, open, hold and maintain the different types of accounts given below with an Authorised Dealer in India, i.e., a bank authorised to deal in foreign exchange. NRO Savings accounts can also be maintained with the Post Offices in India. Opening of accounts by individuals/entities [Read More...]
The Service Tax Rules, 1994 is amended to insert a clause that every assessee shall submit the half yearly return electronically. This shall come into force on the 01st day of October 2011. Source: http://taxguru.in
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