Corporate Updates – 06-08-2015


SEBI in order to ensure that adequate disclosures are made to help investors in taking an informed decisions, has released the revised Format for disclosure by the Promoter(s) to the stock exchanges and to the Target Company for encumbrance of shares / invocation of encumbrance/ release of encumbrance, in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The formats for the reports/disclosures to be filed under these Regulations have been prescribed by SEBI. This Circular shall come into force with immediate effect.


DVAT Authorities have again extended the last date of filing of online / hard copy of first quarter return for the financial year 2015-16, in Form DVAT-16, DVAT-17 and DVAT-48 along with required annexure / enclosures from 04/08/2015 to 07/08/2015. However, the tax due shall continue to be paid in the usual manner as per the provisions of section 3(4) of the Delhi Value Added Tax Act, 2004. Further, the dealers filing the returns through digital signature need not be required to file hard copy of the return / Form DVAT-56.

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