Corporate Updates – 03-12-2014


UPVAT Authorities have extended Last Date of UP VAT Annual Return for the year 2013-2014 upto 30-11-2014 from 31-10-2014. Now the authorities have again extended the last date of furnishing for return to 31-12-2014.


SEBI has released the Discussion Paper on ‘Issuance of partlypaid shares and warrants by Indian companies’. The Ministry of Finance has decided to permit issuance of partly paid shares and warrants by the Indian companies to foreign investors. In this regard, RBI has issued circular declaring the said instruments as eligible for the purpose of FDI and FPI subject to compliance with FDI and FPI schemes. The circular also lays down certain conditions in respect of pricing, receipt of balance consideration, reporting, etc.


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