CA Final Course Paper 1 Financial Reporting Chapter 8 Unit 3 CA. Ajay Lunawat
|
|
- Ruby Casey
- 6 years ago
- Views:
Transcription
1 CA Final Course Paper 1 Financial Reporting Chapter 8 Unit 3 CA. Ajay Lunawat
2 Meaning of Merchant Banker Commercial Vs Merchant Banking Categories of Merchant Bankers Registration with SEBI Services Offered Guidelines
3 Intermediary Channel between the issuers and the ultimate purchasers of securities in the primary security market Providing advisory, managerial and non banking services To help existing units for expansion or set up new ventures
4 Merchant banks are the financial institutions providing specialist services which generally include the acceptance of bills of exchange, corporate finance, portfolio management and other banking services. Cox. D
5 any person who is engaged in the business of issue management either by making arrangements regarding selling, buying or subscribing to securities as manager, consultant, advisor or rendering corporate advisory service in relation to such issue management. The Notification of the Ministry of Finance
6 The Term originated from London where Foreign Trade was financed through acceptance of bills Later on helped the government of under developed countries to raise long term funds Thereafter the merchant bankers formed association which is now called Merchant Banking and Securities House Association
7 Commercial Banking Merchant Banking Financial Services with Saving Accounts, Loans, Credit Cards, Brokerage Financial Consultancy and Advisory Services Earns on Loans, Mortagates etc. Earnings as Profits from Fees it charges for its services Involved in Debt Related Finances Involved in Equity Related Finances Primarily Risk Averters Are Risk Takers
8 Category I Category II Category III Category IV Issue Management Advisor Consultant Manager Underwriter Portfolio Manager Advisor, Consultant Comanager, Underwriter, Portfolio Manager; Advisor Consultant Underwriter Advisor Consultant
9 Application for Grant of Certificate Information Furnishing, Clarification & Personal Representation Application Consideration Granting the Certificate Payment of Fees
10 Project Counseling Preparing project report Deciding on Finance Pattern Project Appraisal Issue Management Marketing of Corporate Securities Pre Issue and Post Issue Activities Loan Syndication Assistance in Loan Raising
11 Underwriting Provides underwriting services to the companies The underwriting helps in easy raising of external resources Managers/Consultants. Advisors Managing and Providing advisory services for listing the companies in stock exchanges Advisory services during Mergers and Acquisitions Portfolio Management Assists the investors in selecting and maintaining proper portfolio Offshore Finance Help in Long Term Foreign Currency Loan Joint Ventures Abroad
12 Specified under SEBI under the SEBI (Merchant Bankers) Regulations, Net worth means the sum of paid-up capital and free reserves of the applicant at the time of making application under sub-regulation (1) of regulation 3. Net worth Category wise should be Category I Rs 5,00,00,000 Category II Rs 50,00,000 Category III Rs 20,00,000 Category IV NIL
13 Every merchant banker shall keep and maintain the following books of account, records and documents as per regulation 14 a copy of balance sheet as at the end of the each accounting period a copy of profit and loss account for that period; a copy of the auditor's report on the accounts for that period; a statement of financial position Records and documents pertaining to due diligence exercised in pre-issue and post issue activities of issue management and in case of takeover, buy-back and delisting of securities
14 The responsibilities with regard to the management of the issue Any change in the information or particulars previously furnished, which have a bearing on the certificate granted to it. The names of the body corporate whose issue he has managed or has been associated with; The particulars relating to the breach of the capital adequacy requirements as specified in regulation 7;
15 Under Regulation 29, the merchant banker shall submit a half yearly report for the period ending up to 31 st March and 30 th September of every year in the format specified in Schedule IV, within three months from the close of the period to which it corresponds. SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 has specified a format for half yearly report to be submitted by merchant bankers.
16 To ensure that the books of account are being maintained in the required manner That the provisions of the Act, rules, regulations are complied with; To investigate into the complaints received from investors, other merchant bankers or any other person on any matter having a bearing on the activities of the merchant banker To investigate suo motu in the interest of securities business or investors' interest into the affairs of the merchant banker.
17 SEBI has the right to appoint one or more persons as inspecting authority to undertake inspection of the books of account As per Regulation 31, it shall be the duty of the merchant banker to allow the inspecting authority to have reasonable access to the premises occupied by such merchant banker or by any other person on his behalf extend reasonable facility for examining any books, records, documents and computer data in the possession of the merchant banker or any such other person and also provide copies of documents or other materials which, in the opinion of the inspecting authority, are relevant for the purposes of the inspection. The SEBI may also appoint a qualified auditor to investigate into the books of account or the affairs of the merchant bankers.
18 Underwriting Oblligation five per cent of the total underwriting commitment or rupees twenty-five lacs, whichever is less. Further Issue the merchant banker shall, itself or jointly with other merchant bankers associated with the issue, underwrite at least fifteen per cent of the issue size
19 Should make all efforts to protect investors interests Maintain high standards of Integrity, dignity and Fairness Fulfill all obligations in ethical and professional manner No Discrimination among the clients Render best possible advice to the clients To inform the clients of penal action by SBI, if any To abide by Rules and Regulations of the concerned Acts Not Create False Market It is responsible for the act of its employees and agents
20 Ability to Analyse Abundant Knowledge Innovative Approach Integrity Capital Market Familiarity
21 High Capital SBI stipulates high capital adequacy norms which restricts the young professionals Non Cooperation of Issuing Companies Non Cooperation of Issuing Companies Non Cooperation of Issuing Companies Non Cooperation in Timely Securities Allotment Non Cooperation during refunding of application money etc Vast Scope Wider in scope of services requires development of adequate expertise
22
23 For What Purpose inspection of records and documents of Merchant Bankers is ordered by SEBI?
24 SEBI has the right to appoint one or more persons as inspecting authority to undertake inspection of the books of account, records and documents of the merchant banker for any of the following purposes: To see that books of account are being maintained in the required manner To ensure that provisions of SEBI Act, rules and regulations are complied with
25 To investigate into complaints received from investors, other merchant bankers, or any other person on any matter having a bearing on the activities of merchant banker; To investigate suo moto in the interest of securities business or investors interest into the affairs of merchant bankers.
26 Write short note on Capital adequacy requirements of merchant bankers
27 Capital adequacy requirements have been specified by SEBI under the SEBI (Merchant Bankers) Regulations, Regulation 7 specifies that the requirement of capital adequacy shall be a net worth of not less than five crore rupeesas amended by SEBI (Merchant Banker) (Third Amendment) Regulations, 2006 For the purpose of this regulation, Net worth means the sum of paid-up capital and free reserves of the applicant at the time of making application under sub-regulation (1) of regulation 3
28 Merchant bankers are the specialised agency which manages the capital issues. They are also called the managers to the issue. A merchant banker acts as an intermediary between the issuers and the ultimate purchasers of securities in the primary security market. The services offered includes underwriting and providing advice on complex financings arrangements, mergers and acquisitions, direct equity investments in corporations.
29
MERCHANT BANKING OBJECTIVES
MERCHANT BANKING OBJECTIVES : Objective of this lesson is to get an idea regarding merchant banking STRUCTURE : 1.1.1 Introduction 1.1.2 Definition 1.1.3 Origin 1.1.4 Merchant Banking in India 1.1.5 Merchant
More informationSecurities and Exchange Board of India ( Alternative Investment Funds ) Regulations,2012
Securities and Exchange Board of India ( Alternative Investment Funds ) Regulations,2012 Preliminary Short Title and Commencement 1. (1) These Regulation shall be called the Securities And Exchange Board
More informationSr. No. Norms Heading Norms for companies which have been moved to the Dissemination Board by exiting / De-recognized Regional Stock Exchange
Norms for Direct Listing of the companies which have been moved to the Dissemination Board of nation-wide Stock Exchange/s and applying for Direct Listing in accordance with SEBI Circular CIR/MRD/DSA/05/2015
More informationFinancial Reporting for Financial Institutions
CHAPTER 8 Financial Reporting for Financial Institutions BASIC CONCEPTS MUTUAL FUNDS In India, mutual funds are regulated by SEBI (Mutual Funds) Regulations, 1996. According to the SEBI (Mutual Funds)
More informationSr. No. Norms Heading Norms for Companies which are listed with Recognized Stock Exchanges
Norms for Direct Listing for Companies which are listed with Recognized Stock Exchanges or Nationwide Stock Exchanges with Average Daily Turnover Less than Rs.500 Crores in equity segment during immediate
More informationREGULATORY FRAMEWORK GOVERNING INITIAL PUBLIC OFFERINGS IN INDIA
CHAPTER 4 REGULATORY FRAMEWORK GOVERNING INITIAL PUBLIC OFFERINGS IN INDIA This chapter presents the regulatory framework governing the issuance of IPOs through public offer, book building and online route.
More informationTHE GAZETTE OF INDIA EXTRAORDINARY. PART II - SECTION 3 - SUB-SECTION (ii) PUBLISHED BY AUTHORITY NOTIFICATION. MUMBAI, THE 16th DAY OF MAY, 1996
THE GAZETTE OF INDIA EXTRAORDINARY PART II - SECTION 3 - SUB-SECTION (ii) PUBLISHED BY AUTHORITY NOTIFICATION MUMBAI, THE 16th DAY OF MAY, 1996 SECURITIES AND EXCHANGE BOARD OF INDIA (DEPOSITORIES AND
More informationIndian Depository Receipts
Historical Background Indian Depository Receipts The world has became global village due to the technology advancement and as a result the Securities Market have become international. Companies that previously
More informationNISM Series IX: Merchant Banking Certification Examination. Test Objectives
NISM Series IX: Merchant Banking Certification Examination Test Objectives Chapter 1: Introduction to the Capital Market 1.1 Introduction to the Indian Capital Market 1.1.1 Explain the Capital market structure
More information[SCHEDULE XXI [See regulation 106F(2)] PART A DISCLOSURES IN THE ADDENDUM TO THE OFFER DOCUMENT FOR RIGHTS ISSUE OF INDIAN DEPOSITORY RECEIPTS
348 [SCHEDULE XXI [See regulation 106F(2)] PART A DISCLOSURES IN THE ADDENDUM TO THE OFFER DOCUMENT FOR RIGHTS ISSUE OF INDIAN DEPOSITORY RECEIPTS (1) The listed issuer making a rights issue of IDRs shall
More information[SCHEDULE XXI [See regulation 106F(2)] PART A DISCLOSURES IN THE ADDENDUM TO THE OFFER DOCUMENT FOR RIGHTS ISSUE OF INDIAN DEPOSITORY RECEIPTS
348 [SCHEDULE XXI [See regulation 106F(2)] PART A DISCLOSURES IN THE ADDENDUM TO THE OFFER DOCUMENT FOR RIGHTS ISSUE OF INDIAN DEPOSITORY RECEIPTS (1) The listed issuer making a rights issue of IDRs shall
More informationCIRCULAR. CFD/DIL3/CIR/2017/21 March 10, All Listed Entities who have listed their equity and convertibles All the Recognized Stock Exchanges
CIRCULAR CFD/DIL3/CIR/2017/21 March 10, 2017 All Listed Entities who have listed their equity and convertibles All the Recognized Stock Exchanges Dear Sir/Madam, Sub: Schemes of Arrangement by Listed Entities
More informationSECURITIES AND EXCHANGE BOARD OF INDIA (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 CHAPTER I PRELIMINARY
THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, MAY 21, 2012 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 21 st May, 2012 SECURITIES AND EXCHANGE
More informationCHAPTER II - INITIAL PUBLIC OFFER ON MAIN BOARD
CHAPTER II - INITIAL PUBLIC OFFER ON MAIN BOARD PART I: ELIGIBILITY REQUIREMENTS Reference date 4. Unless otherwise provided in this Chapter, an issuer making an initial public offer of specified securities
More informationConsultants Pvt. Ltd.
THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, OCTOBER 8, 2013 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 8 th October, 2013 SECURITIES AND
More informationCode of Conduct for prevention of Insider Trading
Code of Conduct for prevention of Insider Trading SECTION A: GENERAL I. INTRODUCTION In terms of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992 a listed company
More informationAnnexure II Test Objectives. NISM-Series-IIIA. Securities Intermediaries Compliance (Non-Fund) Certification Examination
Annexure II Test Objectives NISM-Series-IIIA Securities Intermediaries Compliance (Non-Fund) Certification Examination Part A Understanding the Financial and Regulatory Structure in India Unit 1: Introduction
More information1. Issued and Paid up capital Minimum issued, paid up and listed equity capital Rs 10 crores.
Norms for Direct Listing for Companies which are listed with Nationwide Stock Exchanges with Average Daily Turnover Less than Rs.500 Crores in equity segment during immediate previous Financial Year. Applicable
More informationWitnesseth. Page 1 of 24
Model Listing Agreement for listing of Indian Depository Receipts issued by the issuing companies whose securities market regulator is signatory to the Multilateral Memorandum of Understanding (MMOU) of
More informationPension Fund Regulatory and Development Authority (Retirement Adviser) Regulations, 2016
Pension Fund Regulatory and Development Authority is in the process of coming out with Regulations for Retirement Advisers. Towards this end, the Authority has prepared a Draft Regulations which is being
More informationPRACTICE QUESTIONS COMPLIANCE OFFICERS (CORPORATES) MODULE. 1) As per the SEBI (ESOS and ESPS) Guidelines 1999, 'ESOS Shares' means (1 mark)
PRACTICE QUESTIONS COMPLIANCE OFFICERS (CORPORATES) MODULE 1) As per the SEBI (ESOS and ESPS) Guidelines 1999, 'ESOS Shares' means. (a) shares arising out of exercise of options granted under ESOS (b)
More informationSEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 [Previously SEBI (Disclosure and Investors Protection) Guidelines 2000]
SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 [Previously SEBI (Disclosure and Investors Protection) Guidelines 2000] Payel Jain Academy of Financial Services Pvt. Ltd PUBLIC OFFER-
More informationARTECH POWER PRODUCTS LIMITED CODE OF CORPORATE DISCLOSURE PRACTICES CODE OF CONDUCT FOR PREVENTION OF INSIDR TRADING
ARTECH POWER PRODUCTS LIMITED CODE OF CORPORATE DISCLOSURE PRACTICES AND CODE OF CONDUCT FOR PREVENTION OF INSIDR TRADING ARTECH POWER PRODUCTS LIMTED Code of practices and procedures for fair disclosure
More informationThe resident investee company has to follow the relevant disclosure norms prescribed by the Securities Exchange Board of India (SEBI); and
Corporate Law Alert J. Sagar Associates advocates and solicitors Vol.17 May 31, 2011 RBI PLEDGE OF SHARES FOR BUSINESS PURPOSES The Reserve Bank of India (RBI) vide A.P. (DIR Series) Circular No.57 dated
More informationDeposits. CA. Pramod Jain_. This document would assist in understanding the requirements for accepting / renewing DEPOSITS under Companies Act, 2013
Deposits CA. Pramod Jain_ B. Com (H), FCA, FCS, FCMA, LL.B. DISA, MIMA This document would assist in understanding the requirements for accepting / renewing DEPOSITS under Companies Act, 2013 17-Aug-15
More informationGlossary: S.No. Particulars. 1 Applicable ICDR Regulations. 2 SEBI Chapter XB regulations. 3 Eligibility Norms (BSE & NSE) 4 Key features of Listing
Glossary: S.No. Particulars 1 Applicable ICDR Regulations 2 SEBI Chapter XB regulations 3 Eligibility Norms (BSE & NSE) 4 Key features of Listing 5 Flow Chart 6 Roadmap at Macro Level 7 Practical difficulties
More informationBy G. RAMACHANDRAN G.Ramachandran & Associates
LISTING OF PRIVATELY P LACED DEBENTURES By G. RAMACHANDRAN G.Ramachandran & Associates Impact under various Acts COVERAGE Listing Process Post Listing Compliances ACTS Companies Act, 2013 SEBI (Issue &
More informationCONTENTS COMPARATIVE TABLES SHOWING PROVISIONS OF COMPANIES ACT 2013 & COMPANIES ACT 1956 & VICE VERSA
CONTENTS COMPARATIVE TABLES SHOWING PROVISIONS OF COMPANIES ACT 2013 & COMPANIES ACT 1956 & VICE VERSA u u u Table showing sections of Companies Act, 2013 & Corresponding Provisions of Companies Act, 1956
More informationSECURITIES AND EXCHANGE BOARD OF INDIA (STOCK-BROKERS AND SUB-BROKERS) REGULATIONS, 1992 CONTENTS
SECURITIES AND EXCHANGE BOARD OF INDIA (STOCK-BROKERS AND SUB-BROKERS) REGULATIONS, 1992 CONTENTS CHAPTER I: PRELIMINARY 1. Short title and commencement 2. Definitions CHAPTER II: REGISTRATION OF STOCK
More informationWe welcome you on the Board of Incline Realty Private Limited as an Independent Director.
[Date] To, Mr. [ ] Sub. : Your appointment as an Independent Director Dear Sir, We are pleased to inform you that at the Annual General Meeting held on [ ], the shareholders have approved the resolution
More informationSynopsis. Introduction. IPO Unlisted Companies. PIPEs & QIPs Listed Companies. Issues - Insider Trading and Takeover Regulations.
Public offering of securities India Synopsis Introduction IPO Unlisted Companies General conditions for doing an IPO in India IPO Process Issues PIPEs & QIPs Listed Companies Overview of Investments &
More information2. Address of the Company CSB Bhavan, St. Mary s College Road, Post Box No.502, Thrissur , Kerala, India
QUESTIONNAIRE FOR DEBENTURE ISSUES AS ON 31.12.2014 (TO BE FILLED UP FOR EACH DEBENTURE ISSUE SERIES SEPARATELY - PLEASE DO NOT LEAVE ANY COLUMN BLANK) 1. Name of the Company THE CATHOLIC SYRIAN BANK LIMITED
More information(Pursuant to Securities Exchange Board of India, (Prohibition of Insider Trading) Regulations, 2015)
BGR ENERGY SYSTEMS LIMITED CODE OF CONDUCT FOR TRADING BY INSIDERS (Pursuant to Securities Exchange Board of India, (Prohibition of Insider Trading) Regulations, 2015) OBJECTIVE OF THE CODE This Code of
More informationCHAPTER I PREAMBLE THE CODE
CHAPTER I CODE OF CONDUCT TO REGULATE, MONITOR AND REPORT TRADING BY INSIDERS (PURSUANT TO SECURITIES EXCHANGE BOARD OF INDIA, (PROHIBITION OF INSIDER TRADING) REGULATIONS, 2015 PREAMBLE The Securities
More informationFORM ODI. Section A: Details of Indian Party
FORM ODI PART I For office use only Date of Receipt ---------------- Inward No. ----------------- (I) Investment under (i) Automatic Route Section A: Details of Indian Party (ii) Approval Route (In case
More informationSTRIDES PHARMA SCIENCE LIMITED POLICY ON DETERMINATION OF MATERIALITY OF EVENTS/ INFORMATION FOR DISCLOSURE TO STOCK EXCHANGES
STRIDES PHARMA SCIENCE LIMITED POLICY ON DETERMINATION OF MATERIALITY OF EVENTS/ INFORMATION FOR DISCLOSURE TO STOCK EXCHANGES 1 POLICY ON DETERMINATION OF MATERIALITY OF EVENTS/ INFORMATION FOR DISCLOSURE
More information¼ããÀ ããè¾ã ¹ãÆãä ã¼ãîãä ã ããõà ãäìããä ã½ã¾ã ºããñ Ã
CIRCULAR CIR/CFD/CMD/16/2015 November 30, 2015 To All Listed Entities who have listed their equity and convertibles All the Recognized Stock Exchanges Dear Sir/Madam, Sub: Schemes of Arrangement by Listed
More informationChief Executive Officer under section 2(18) means an officer of a company, who has been designated as such by it.
RELATED PARTY TRANSACTIONS POLICY Preamble This policy shall become effective from 1st October, 2014. This policy is to regulate transactions between the Company and its related Parties, based on the laws
More informationCODE OF CONDUCT FOR TRADING BY INSIDERS (Pursuant to Securities Exchange Board of India, (Prohibition of Insider Trading) Regulations, 2015)
CODE OF CONDUCT FOR TRADING BY INSIDERS (Pursuant to Securities Exchange Board of India, (Prohibition of Insider Trading) Regulations, 2015) OBJECTIVE OF THE CODE This Code of Conduct ( Code ) is intended
More informationRURAL ELECTRIFICATION CORPORATION LIMITED (A Government of India Undertaking)
RURAL ELECTRIFICATION CORPORATION LIMITED (A Government of India Undertaking) HIGHLIGHTS OF TAX BENEFITS The income by way of interest on these Bonds is exempt from Income Tax and shall not form part of
More informationINITIAL PUBLIC OFFERING
INITIAL PUBLIC OFFERING UNDER SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 Table of Contents A. Eligibility Requirements for IPO B. Process of IPO C. Key Requirements of SEBI ICDR
More informationUNIT 6 : AUDIT OF MUTUAL FUNDS
14.54 ADVANCED AUDITING AND PROFESSIONAL ETHICS UNIT 6 : AUDIT OF MUTUAL FUNDS 1. OVERVIEW The first introduction of a mutual fund in India occurred in 1963, when the Government of India launched Unit
More informationBE it enacted by Parliament in the Fifty-sixth Year of the Republic of India as follows:-
~ THE CREDIT INFORMATION COMPANIES (REGULATION) ACT, 2005 # NO. 30 OF 2005 $ [23rd June 2005.] + An Act to provide for regulation of credit information companies and to facilitate efficient distribution
More informationCODE OF CONDUCT TO REGULATE, MONITOR AND REPORT TRADING BY INSIDERS
CODE OF CONDUCT TO REGULATE, MONITOR AND REPORT TRADING BY INSIDERS INTRODUCTION: SEBI has notified the Securities and Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 2015
More informationGeneral Instructions for filling up the application forms: 1 If a particular field/detail in the checklist is not applicable, please mention the same
General Instructions for filling up the application forms: 1 If a particular field/detail in the checklist is not applicable, please mention the same as 'Not Applicable' 2 In case of schemes which solely
More informationCHAPTER VII PREFERENTIAL ISSUE
CHAPTER VII PREFERENTIAL ISSUE Chapter VII not to apply in certain cases. 70. (1) The provisions of this Chapter shall not apply where the preferential issue of equity shares is made: (a) pursuant to conversion
More informationFEMA Key aspect under FEMA Outbound investment. CA. M. Jagannathan WIRC presentation 22 nd September, 2018
FEMA Key aspect under FEMA Outbound investment CA. M. Jagannathan WIRC presentation 22 nd September, 2018 Why Outbound Investment? Promoting Global Business by Indian entrepreneurs Joint Ventures are medium
More informationNEX Exchange Growth Market Rules for Issuers 1 January 2017
NEX Exchange Growth Market Rules for Issuers 1 January 2017 Wales (Co. No. 04309969) with its registered office at 2 Broadgate, London EC2M 7UR. Introduction... 5 Part 1: Applications for Admission to
More informationVaish Associates. Vaish Associates
Vaish Associates As per section 2 (m) of the Regulations, Joint Venture means a foreign entity formed, registered or incorporated in accordance with the regulations of the host country in which the
More informationIntroduction to the Listing of H Shares of PRC Companies on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited ( the GEM )
Introduction to the Listing of H Shares of PRC Companies on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited ( the GEM ) based on the rules Governing the Listing of Securities promulgated
More informationMR. ATUL S. DAYAL INDEPENDENT DIRECTOR PROFILE :
MR. ATUL S. DAYAL INDEPENDENT DIRECTOR PROFILE : Mr. Atul Dayal is a Non-Executive Independent Director of the Company. He joined the Board of Directors of the Company in September 1999. Mr. Dayal is a
More information(a) Bonus/capitalisation issues which represent only book keeping entries.
What are the Chief Functions of the New Issue Market? The main function of the New Issue Market is to facilitate the transfer of resources from savers to users. Conceptually, however, the New Issue Market
More informationRAJ PACKAGING INDUSTRIES LIMITED CODE OF CONDUCT FOR REGULATING & REPORTING TRADING BY INSIDERS AND FOR FAIR DISCLOSURE, 2015
RAJ PACKAGING INDUSTRIES LIMITED CODE OF CONDUCT FOR REGULATING & REPORTING TRADING BY INSIDERS AND FOR FAIR DISCLOSURE, 2015 1 CONTENTS Sl. No Particulars CHAPTER I INTRODUCTION 1 Introduction 2 The Policy
More informationDALMIA BHARAT LIMITED
DALMIA BHARAT LIMITED (Registered Office: Dalmiapuram 621 651, Distt.Tiruchirapalli, Tamil Nadu) Phone No. 04329-235132 Fax No. 04329-235111 CIN L40109TN2006PLC058818 Website: www.dalmiabl.com NOTICE NOTICE
More informationTest Objectives. NISM-Series-III-B. Issuers Compliance Certification Examination
Test Objectives NISM-Series-III-B Issuers Compliance Certification Examination 1. Introduction to Indian Capital Market 1.1. Understand the Capital Market Structure in India and Role of Capital Market
More informationINSIDER TRADING, PROHIBITION OF SECURITIES AND EXCHANGE BOARD OF INDIA [PROHIBITION OF] INSIDER TRADING) REGULATIONS, 1992 CHAPTER I PRELIMINARY
INSIDER TRADING, PROHIBITION OF SECURITIES AND EXCHANGE BOARD OF INDIA [PROHIBITION OF] INSIDER TRADING) REGULATIONS, 1992 In exercise the powers conferred by section 30 the Securities and Exchange Board
More informationODI Information System. Direct Investment in a Joint Venture (JV)/Wholly Owned Subsidiary Overseas (WOS) Approval/Reporting of Outward Remittances
[Annex to A. P (DIR Series) Circular No. 68 dated June 01, 2007] ODI Information System Direct Investment in a Joint Venture (JV)/Wholly Owned Subsidiary Overseas (WOS) Approval/Reporting of Outward Remittances
More informationIMPORTANT GUIDELINES ON PARA-BANKING ACTIVITIES*
IMPORTANT GUIDELINES ON PARA-BANKING ACTIVITIES* 1. GUIDELINES Banks can undertake certain eligible financial services or Para-banking activities either departmentally or by setting up subsidiaries for
More informationCompanies (Auditor s Report) Order, 2016 Key changes. CA T.V.Ganesh
Companies (Auditor s Report) Order, 2016 CA T.V.Ganesh 1 CARO 2016 notified Applicable for all financial years beginning on or after April 1, Does not apply to consolidated financial statements Changes
More informationADANI GREEN ENERGY LIMITED
ADANI GREEN ENERGY LIMITED RELATED PARTY TRANSACTION POLICY (as approved by the Board of Directors in its meeting held on 8 th April, 2018) TABLE OF CONTENTS Sr. No. Particulars Page Nos. 1. Preamble 3
More informationRegistered Valuers and Valuation
Corporate Advisory Division Registered Valuers and Valuation A means to build a credible discipline of valuation Background The MCA has on October 18, 2017 notified the Companies (Registered Valuers and
More informationCA Mehul Shah B. Com, F.C.A., DISA (ICAI).
Management and Administration provisions under the Companies Act 2013 CA Mehul Shah B. Com, F.C.A., DISA (ICAI). # : 2510 0861; 2510 9990 Email : mehulshah@shah3ca.com Agenda Management and Administration
More informationPRACTICAL AND REGULATORY ASPECTS OF IPO
PRACTICAL AND REGULATORY ASPECTS OF IPO 17 th March 2018 Rajesh A Company Secretary and Compliance Officer Aster DM Healthcare Preliminary check for IPO If the issuer, any of its promoters, promoter group
More informationSuggestions on Draft Notification to be issued by MCA for Exemptions to Private Company under Companies Act, 2013
Suggestions on Draft Notification to be issued by MCA for Exemptions to Private Company under Companies Act, 2013 At the outset the exemption notification should be made applicable since the date the relevant
More informationAMENDMENTS IN SEBI LISTING AND DISCLOSURE REQUIREMENTS REGULATIONS (CA P.N. SHAH AND CS AMRUTA AVASARE)
AMENDMENTS IN SEBI LISTING AND DISCLOSURE REQUIREMENTS REGULATIONS (CA P.N. SHAH AND CS AMRUTA AVASARE) Securities And Exchange Board of India (SEBI) had appointed a Committee under the Chairmanship of
More informationThe SEBI ICDR and Listing Regulations checklists
The SEBI ICDR and Listing Regulations checklists February 2018 KPMG.com/in Foreword Introduction Planning for an IPO is like conducting a symphony it has several facets, each intrinsically linked to the
More informationKERALA FINANCIAL CORPORATION
KERALA FINANCIAL CORPORATION (Incorporated under the SFC Act No.LXIII OF 1951) H.O: VELLAYAMBALAM, THIRUVANANTHAPURAM- 695033 NOTICE INVITING EXPRESSION OF INTEREST (EOI) TENDER NO: KFC/HO/ACCTS/200/2014-15/001
More informationSECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 1997
SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 1997 In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India
More information3M India Limited Plot No Electronics City Hosur Road Bangalore M INDIA LIMITED CODE OF CONDUCT FOR PREVENTION OF INSIDER TRADING AND
1 3M India Limited Plot No. 48 51 Electronics City Hosur Road Bangalore 561 100 3M INDIA LIMITED CODE OF CONDUCT FOR PREVENTION OF INSIDER TRADING AND CODE OF PRACTICES AND PROCEDURES FOR FAIR DISCLOSURE
More informationGuidelines concerning Listed Company Compliance, etc. (as of May 1, 2015)
I. General Provisions Guidelines concerning Listed Company Compliance, etc. (as of May 1, 2015) Tokyo Stock Exchange, Inc. (Purpose, etc.) 1. These guidelines shall prescribe the items necessary for listed
More informationLOANS MADE/ ADVANCE GIVEN/ SECURITY PROVIDED BY THE COMPANY
Sl No DESCRIPTION PAGE NO LOANS TO DIRECTORS 1 Loans to Directors 2 2 Exclusions 2 3 Loans Given/ Security provided/ Guanrantee given by Holding Company to 2 Its Wholly owned Subsidiary Company 4 Any Person
More informationNBFC Prudential Norms, Auditor s Directions and Other Regulations
WIRC - ICAI NBFC Prudential Norms, Auditor s Directions and Other Regulations 18/06/2016 Coverage Existence of NBFC and Regulatory Development Bank v/s Non Bank Meaning of NBFC Classification of NBFCs
More informationClearing Member Trading Member Agreement. This Agreement is made on this day of, 20, 20 between :
Clearing Member Trading Member Agreement This Agreement is made on this day of, 20, 20 between : IL&FS SECURITIES SERVICES LIMITED, a Company having its registered office at IL&FS House, Raheja Vihar,
More informationImportant provisions of the Companies Act, 2013 Regarding Deposits
Important provisions of the Companies Act, 2013 Regarding Deposits When we look at the various provisions of deposits in the Companies Act, 2013(CA 2013 or the Act), there is no much difference in the
More informationPolicy and Procedures for the Related Party Transactions (RPT)
Policy and Procedures for the Related Party Transactions (RPT) I Overview : Noida Toll Bridge Company Limited (NTBCL) (the Company ) has established and adopted this Policy for Related Party Transactions
More information[ To Be Published in the Gazette of India Extra ordinary, Part II, Section 3, Sub-section (i)]
[ To Be Published in the Gazette of India Extra ordinary, Part II, Section 3, Sub-section (i)] Ministry of Corporate Affairs Notification New Delhi, Dated 2014 GSR. (E). No. In exercise of powers conferred
More informationRURAL ELECTRIFICATION CORPORATION LIMITED (A Government of India Undertaking)
RURAL ELECTRIFICATION CORPORATION LIMITED (A Government of India Undertaking) HIGHLIGHTS OF TAX BENEFITS Interest from these Bonds shall not be included in total income of any person as per provisions
More informationREQUEST FOR PROPOSAL (RFP) - STATUTORY CENTRAL AUDIT
Inspection & Audit Department REQUEST FOR PROPOSAL (RFP) - STATUTORY CENTRAL AUDIT Tender Reference Number: RFP / IAD / SCA / 01/2015-16 Date of issue of RFP: 25.02.2016 Table of contents 1) Preface 2)
More informationCode of Conduct for Prevention of Insider Trading
Code of Conduct for Prevention of Insider Trading PUNJ LLOYD LIMITED CODE OF CONDUCT FOR PREVENTION OF INSIDER TRADING 1. PREAMBLE 1.1 Punj Lloyd Limited (the Company) endeavours to preserve the confidentiality
More informationCIRCULAR. CIR / IMD / DF / 7 / 2013 April 23, 2013
CIRCULAR CIR / IMD / DF / 7 / 2013 April 23, 2013 All Mutual Funds/Asset Management Companies Trustee Companies/Boards of trustees of mutual funds Sir / Madam, Sub: Circular on Infrastructure Debt Fund
More informationTHE INVESTMENT FUNDS ACT (No. 20 of 2003) THE INVESTMENT FUNDS REGULATIONS, Investment Funds Act, 2003 hereby makes the following regulations
THE INVESTMENT FUNDS ACT (No. 20 of 2003) THE INVESTMENT FUNDS REGULATIONS, 2003 The Minister in exercise of the powers conferred by section 62 of the Investment Funds Act, 2003 hereby makes the following
More informationCODE OF CONDUCT TO REGULATE, MONITOR AND REPORT TRADING BY INSIDER
CODE OF CONDUCT TO REGULATE, MONITOR AND REPORT TRADING BY INSIDER 1. PRELIMINARY 1.1 Pursuant to the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015, the Board of Directors of Balmer
More information1 AS PASSED BY LOK SABHA ON
1 AS PASSED BY LOK SABHA ON 18.12.12 Bill No. 18-C of 11 THE BANKING LAWS (AMENDMENT) BILL, 12 A BILL further to amend the Banking Regulation Act, 1949, the Banking Companies (Acquisition and Transfer
More informationMANUBHAI & SHAH LLP Maker Bhavan # 2, CHARTERED ACCOUNTANTS
MANUBHAI & SHAH LLP Maker Bhavan # 2, CHARTERED ACCOUNTANTS 18, New Marine Lines, Mumbai 400020. Tel. 66333558/59/60 Fax: 66333561 www.msglobal.co.in E-mail: infomumbai@msglobal.co.in AMENDMENTS IN SEBI
More informationSECURITIES AND EXCHANGE BOARD OF INDIA (RESEARCH ANALYSTS) REGULATIONS, 2014
THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, SEPTEMBER 01, 2014 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 1 st September, 2014 SECURITIES
More informationPRESENTATION BY. CA. (DR.) DEBASHIS MITRA M.COM, LL.B, F.C.A., A.C.M.A., A.C.S., DISA(ICA), PhD.
PRESENTATION BY CA. (DR.) DEBASHIS MITRA M.COM, LL.B, F.C.A., A.C.M.A., A.C.S., DISA(ICA), PhD. LOANS TO DIRECTORS ETC. According to section 185 of the Act save as otherwise provided in this Act, no company
More informationPolicy On Materiality Of Related Party Transactions And On Dealing With Related Party. Transaction 1. PREAMBLE
Policy On Materiality Of Related Party Transactions And On Dealing With Related Party Transaction 1. PREAMBLE The Board of Directors (the Board ) of Ventura Textiles Limited ("Ventura Textiles Ltd" or
More informationExemptions to Private Company - First Shower of Monsoon - Part II
Corporate Advisory Division Exemptions to Private Company - First Shower of Monsoon - Part II Background Ministry on June 13, 2017, further to the notification dated June 5, 2015, has provided additional
More informationSection A (Short Answer Type Questions)
B.Com. (Hons.) V Semester Paper Title: Paper Code: AS-2640 *(Prepared by Mr. Amit Manglani, Assistant Professor, Department of Commerce, GGV) Note: These model answers are a depiction of important points
More informationCIRCULAR CIR/IMD/DF/55/2016
CIRCULAR CIR/IMD/DF/55/2016 May 11, 2016 To All Infrastructure Investment Trusts (InvITs) All Parties to InvITs All Stock Exchanges All Merchant Bankers Dear Sir / Madam, Sub: Guidelines for public issue
More informationREPORT OF DEBENTURE TRUSTEES FOR THE HALF YEAR ENDED SEPTEMBER, 2013
REPORT OF DEBENTURE TRUSTEES FOR THE HALF YEAR ENDED SEPTEMBER, 2013 REPORT OF DEBENTURE TRUSTEES FOR THE HALF YEAR ENDED SEPTEMBER, 2013 NAME PNB INVESTMENT SERVICES LIMITED REGISTRATION NO IND000000510
More informationPolicy and Procedures for the Related Party Transactions (RPT)
Policy and Procedures for the Related Party Transactions (RPT) I Overview : Noida Toll Bridge Company Limited (NTBCL) (the Company ) has established and adopted this Policy for Related Party Transactions
More informationChapter XII. Meetings of Board and its Powers. (Sections ) read with. The Companies (Meetings of Board and its Powers) Rules, 2014
Chapter XII Meetings of Board and its Powers (Sections 173 195) read with The Companies (Meetings of Board and its Powers) Rules, 2014 Sections applicable from September 12, 2013: Sections 176, 180 to
More informationINTER-SE TRANSFER. Understanding the Concept
INTER-SE TRANSFER Understanding the Concept Meaning of Exemption Regulation 10 The following acquisitions shall be exempt from the obligation to make an open offer under regulation 3 and/or regulation
More informationMR. NAVAL CHOUDHARY INDEPENDENT DIRECTOR PROFILE :
MR. NAVAL CHOUDHARY INDEPENDENT DIRECTOR PROFILE : Mr. Naval Choudhary holds a B.E (Mechanical) degree from University of Rajasthan (1968) and Master in Business Administration from Indian Institute of
More informationTHE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, SEPTEMBER 06, 2018 SECURITIES AND EXCHANGE BOARD OF INDIA
THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, SEPTEMBER 06, 2018 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 6 th of September, 2018 SECURITIES
More informationForeign Contribution (Regulation) Act, 2010 and Rules, By CA R.Durai Rengaswamy Partner Sambandam Associates Chennai
Foreign Contribution (Regulation) Act, 2010 and Rules, 2011 By CA R.Durai Rengaswamy Partner Sambandam Associates Chennai 1 1. Formalities and Procedures 1.1. Introduction The Foreign Contribution( Regulation)
More informationPrivate Limited company Compliances and Exemptions. S. Sathiyanarayanan Partner
Private Limited company Compliances and Exemptions S. Sathiyanarayanan Partner 1. Private Limited Companies Section 2(68) of Companies, 2013 private company means a company having a minimum paid-up share
More informationTHE BANKING LAWS (AMENDMENT) BILL, 2011
1 As INTRODUCED IN LOK SABHA Bill No. 18 of 2011 5 10 THE BANKING LAWS (AMENDMENT) BILL, 2011 A BILL further to amend the Banking Regulation Act, 1949, the Banking Companies (Acquisition and Transfer of
More informationANIL AGRAWAL AND COMPANY Chartered Accountants
ANIL AGRAWAL AND COMPANY Chartered Accountants DISCLAIMER: This document provides information of general nature and is not meant to be a substitute for professional advice. No one should act on such information
More information