Corporate Updates – 09-12-2014


The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry, Government of India has been updating / notifying the FDI policy through issue of Consolidated FDI Policy Circular. In order to bring uniformity in the sectoral classification / conditionalities for FDI/foreign investment as notified under the Consolidated FDI Policy Circular with the FEMA Regulations, the position on various as amended from time to time, has been suitably revised by amending the notification. For detailed notification, please CLICK HERE.


SEBI, has passed an Order providing the exit to Inter-connected Stock Exchange of India Limited ("ISE"). ISE is the fifth Stock Exchange to exit under this policy. Further, the Income Tax Authorities, Ministry of Corporate Affairs and the State Government of Maharashtra are being intimated about the exit of ISE, for appropriate action at their end. SEBI had issued the Guidelines for exit of de-recognised / non-operational stock exchanges interalia including treatment of assets of de-recognised / non-operational exchanges and a facility of dissemination Board for companies listed exclusively on such exchanges, while taking care of the interest of Investors.


ICSI Elections to elect the Central and Regional levels are scheduled to be held on Friday and Saturday, the 12th & 13th December, 2014 at Delhi/New Delhi and on Friday, the 12th December, 2014 at all other place. The elections to the Council and Regional Councils shall be held in accordance with the system of proportional representation by means of a single transferable vote. All members are requested to cast their votes at the allocated centers on the above mentioned dates. To know about your voting details, voters serial no., allocated polling booth, please write back to us with your name and membership no.


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