Corporate Updates – 12-01-2016

Revenue Department Delhi:

The Revenue Department Delhi has made the e-filing of applications mandatory for payment of stamp duty on share certificates. This facility is to be utilised by companies towards payment of Stamp Duty with in the time prescribed on issuance of New Shares and it is not available for belated applications. This facility implemented for the Jurisdiction of NCT Delhi only. The companies desirous of availing this facility of online stamp duty payment has to register online and will populate the relevant details of the new shares issued against which stamp duty payment to be made. Subsequently the details will be validated by Govt. officials & challan will be issued to the companies against which Stamp Duty payment is to be remitted. The process will close with the issuance of e-Stamp Certificate by STOCK HOLDING to the company on receipt of the stamp duty payment and the said certificate is to be collected from the nearest Branch of Stock Holding Delhi. Single e-Stamp certificate will be issued for single Net Banking / Debit Card/ NEFT / RTGS Payment. Following documents are required to be attached online Form 2/PAS 3(Submitted at MCA), Share certificate, List of allottees, Copy of board or shareholder’s resolution, Certificate of previous stamp duty paid (if any). A certificate in the prescribed format from practising CS / CA / CWA shall also be required, if the authorised signatory of the Company is not having DIN & PAN.


SEBI Board has decide on a number of crucial issues, including those related to Exit opportunity to dissenting shareholders under Companies Act, 2013, Review of prudential limits on investments by Mutual Funds, Introduction of "Primary Market Debt Offering through private placement on electronic book" &Disclosure requirements for issuance and listing of Green Bonds, in their recently held meeting. It is expected that these measures by SEBI will facilitate in taking investment decisions by investors who have a mandate to focus on green investments and will also provide uniformity in disclosure standards.

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