Thursday, April 29, 2010

SEBI (Merchant Bankers) (Amendment) Regulations, 2010 - Amendment in regulations 13A, 22 & 27

In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the "Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 2010"  to amend the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992.

Click here for the text of the notification.

SEBI (Venture Capital Funds) (Amendment) Regulations, 2010 – Insertion of regulation 12A

In exercise of the powers conferred by Section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the "Securities and Exchange Board of India (Venture Capital Funds) (Amendment) Regulations, 2010 regulations" to amend the Securities and Exchange Board of India (Venture Capital Funds) Regulations, 1996.

Securities and Exchange Board of India (Foreign Institutional Investors) (Amendment) Regulations, 2010

In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the "Securities and Exchange Board of India (Foreign Institutional Investors) (Amendment) Regulations, 2010  to further amend the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations, 1995.

Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2010

In exercise of the powers conferred by Section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the "Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2010"
to amend the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997.

Click here for the text of the notification dated 13.4.2010.

ESIC limit increased to 15000 from current 10000

Ministry of Labour and Employment has increased the limited for applicability of ESIC from current Rs. 10,000 to Rs.15,000 w.e.f. 1st May 2010 vide notifcation dated 20.4.2010.

Click here for the text of the notification.

Wednesday, April 28, 2010

Reduction in time between issue closure and listing

In consultation with market intermediaries, SEBI has decided to reduce the time between issue closure and listing to 12 working days from present 22 days.

In the new process, the syndicate members shall capture all data relevant for purposes of finalizing basis of allotment while uploading bid data in the electronic bidding system of the stock exchanges.

Click here for the text of the circular no. CIR/CFD/DIL/3/2010 dated April 22, 2010

Monday, April 26, 2010

New Income Tax Return Form SARAL II for Assessment Year 2010-11

CBDT notifies New Income Tax Return Form SARAL II (ITR 1) for Assessment Year 2010-11 for Individuals having income from Salary/Pension/Income from One House Property (Excluding loss brought forward from previous years) / Income from Other Sources (Excluding winning from Lottery and Income from Race Horses). CBDT also notifies Income Tax Return Verification Form ITR-V for Assessment Year 2010-11 for SARAL II (ITR-1) ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 & ITR-8 transmitted electronically without digital signature.

Click here for the notification no. S.O. 943 (E) dated 23rd April 2010. 

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