Corporate Updates – 09-10-2015


The Union Finance Minister, unveiled the historic merger of Forward Markets Commission (FMC) with Securities and Exchange Board of India (SEBI) few days back. The merger will increase the economies of scope and scale as there are strong commonalities between all kinds of trading. In the Union Budget for 2015-16, the Hon’ble Union Finance Minister had proposed merger of Forward Markets Commission (FMC) with the Securities and Exchange Board of India (SEBI) “to strengthen regulation of commodity forward markets and reduce wild speculation”. SEBI in order to effect the merger, has amended Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 (SECC Regulations) and SEBI (Stock Broker and Sub-Broker) Regulations, 1992 and SEBI (Regulatory Fee on Stock Exchanges) on September 09, 2015. These regulations enable functioning of the commodities derivatives exchanges and its brokers under SEBI norms and integration of commodities derivatives and securities trading in an orderly manner.


DVAT authorities have extended the last date of filing of online return in Form 9 for the year 2014-15, as prescribed under Rule 4 of Central Sales Tax (Delhi) Rules, 2005 to 31/10/2015. The return is required to be filed by dealers who have made interstate sale at concessional rates against statutory forms ‘C’ or stock transferred against ‘F’ forms or sold the goods against ‘H’ forms to dealers (other than Delhi) or claimed deduction from taxable turnover against E-IIEII forms or IIJ forms etc. The dealers who have not made the sale as mentioned above need not file reconciliation return in Form 9.

News from NIRC of ICSI

1. Today, 9th October, 2015, NIRC of ICSI is organizing Study Session on the topic “Annual Filing Under Companies Act” at 5:30 PM at New Delhi YMCA Tourist Hostel Auditorium, Jai Singh Road, Connaught Place, New Delhi. Participation is FREE; Program Credit Hours – 2.

2. On Saturday, 10th October, 2015, at NIRC of ICSI is organising a "Master Class on SEBI Listing Regulations, 2015" From 10.45 AM onwards at ICSI-NIRC Building Auditorium, 4 Prasad Nagar Institutional Area, New Delhi. FREE: Rs. 300/- (including Corporate Members of NIRC-ICSI) & Program Credit Hours – 4.

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