Corporate Updates – 05-12-2016

Master Classes on GST:

Registration open for Master Classes on “GST – Goods& Service Tax” to be held from 13th December, 2016 to 17th December, 2016 daily from 5 PM onwards at Auditorium, ICSI-NIRC Building, 4, Prasad Nagar Institutional Area, New Delhi. Fee : Rs. 750/- for all participants including Corporate Members of NIRC; Online Payment / Registration Facility Available; Program Credit Hours: 02 per day.


SEBI has notified amendments to the SEBI(Real Estate Investment Trusts) (Amendment) Regulations, 2016 and SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2016.They shall come into force on the date of their publication in the Official Gazette. Apart from other amendments, the definition of the term "Valuer" has been altered and now a valuer in respect of financial valuation means, a chartered accountant, company secretary or cost accountant who is in whole-time practice, or retired member of Indian Corporate Law Service or any person holding 6 equivalent Indian or foreign qualification as the Ministry of Corporate Affairs may recognize by an order and a Merchant Banker registered with the Securities and Exchange Board of India, and who has in his employment person(s) having qualifications prescribed above to carry out valuation by such qualified persons. Through this SEBI has recognised a Company Secretary in whole time practice to act as a financial valuer.


RBI on a review, has decided to extend the time for deployment of Aadhaar-enabled devices till June 30, 2017. However, banks may continue to make necessary arrangements, including changes as host-end, network level and device readiness, as required to ensure adherence to above instructions. Further, it is also clarified that the instructions contained in earlier circular are for deployment of new card acceptance infrastructure. As regards enablement of existing card acceptance infrastructure for processing payment transactions using Aadhaar-based biometric authentication, the timeline will be advised in due course. This directive is issued under Section 10(2) read with Section 18 of Payment and Settlement Systems Act 2007 (Act 51 of 2007).

Speak Your Mind