Corporate Updates – 09-01-2015


DVAT authorities intends to frame the assessment of all registered dealers for the fourth quarter of F.Y 2013-2014, on the basis of mismatch in the online data as on 16-01-2015 filed by the dealers in Annexure 2A & 2B along with their returns. All dealers are hereby requested to check the status of matching of purchase data filed by them with the data filed by their corresponding selling dealers in Mismatch Report available on the Departments website and make the necessary revision latest by 6:00 pm on 16-01-2015.


SEBI has released a Discussion Paper on Proposed Amendments to Regulations framed under SEBI Act, 1992 for Imposing Restrictions on Willful Defaulters from accessing the capital market. The term ‘wilful default’ broadly covers Deliberate non-payment of the dues, Siphoning off of funds, Misrepresentation / falsification of records, Fraudulent transactions by the borrower among others. Further, in order to prevent the access to the capital markets by the wilful defaulters, a copy of the list of wilful defaulters (non-suit filed accounts and suit filed accounts) are forwarded to SEBI by RBI and Credit Information Bureau (India) Ltd. (CIBIL) respectively.

Speak Your Mind