Corporate Updates – 06-11-2015


SEBI has released Frequently Asked Questions on SEBI (Delisting Of Equity Shares) Regulations, 2009. These FAQs offer only a simplistic explanation/clarification of terms/concepts related to the SEBI (Delisting of Equity Shares) Regulations, 2009 [“Delisting Regulations, 2009”]. It is further stated that any such explanation/clarification that is provided herein should not be regarded as an interpretation of law nor be treated as a binding opinion/guidance from the Securities and Exchange Board of India [“SEBI”]. For full particulars of laws governing the delisting of equity shares, please refer to actual text of the Acts/Regulations/Circulars appearing under the Legal Framework Section on the SEBI website.


RBI has relaxed the conditions of facilities for residents for hedging of foreign currency borrowings. Under the existing guidelines, residents having a long term foreign currency liability in terms of FEMA (Borrowing or Lending in Foreign Exchange) Regulations, 2000, are permitted to hedge exchange rate and/or interest rate risk exposure thereof by undertaking a foreign currency-INR swap to move from a foreign currency liability to a rupee liability with an AD Cat-I bank subject to the operational guidelines. With a view to facilitating hedging of long term foreign currency borrowings by residents, it has been decided to permit them to enter in to FCY-INR swaps with Multilateral or International Financial Institutions (MFI/IFI) in which Government of India is a shareholding member subject to the fulfillment of prescribed terms and conditions.

News from NIRC of ICSI

1. NIRC of ICSI is organising an Impact Seminar on the topic "INBOUND INVESTMENT – POLICIES, OPPORTUNITIES & CHALLENGES” on Saturday, the 7th November, 2015 from 9.30 AM onwards at Hotel Eros Continental (Royal Ball Room), Nehru Place, New Delhi-110019. Free for Corporate Members of NIRC; for other Rs. Rs.1750/-; PCH – 4.

2. NIRC of ICSI is organising a Special Session on “Speedy Incorporation & Flawless E-Filing” By CS D. Bandopadhyay, Registrar of Companies, NCT of Delhi and Haryana, on Saturday, the 7th November, 2015 from 3.15 PM onwards at Hotel Eros Continental (Royal Ball Room), Nehru Place, New Delhi-110019. Free for Members of NIRC; PCH – 2.

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