Corporate Updates – 15-03-2016

BSE – Submission of Compliance’s:

Bombay Stock Exchange has issued a listing.centre.

Real Estate (Regulation and Development) Bill, 2016:

The Rajya Sabha approved the Real Estate (Regulation and Development) Bill, 2016 that promises a much delayed clean-up of an industry that routinely delays the delivery of homes for years, forces buyers to accept shoddy construction, escalates costs without good reason and leaves customers without any recourse to timely redress when promises are broken. This Bill if becomes law will help regulate the sector and bring in clarity for both buyers and developers. This law will lead to better governance as it makes it mandatory for developers to post all information on issues such as project plan, layout, government approvals, land title status, sub contractors to the project, schedule for completion with the State Real Estate Regulatory Authority (RERA) and then in effect pass this information on to the consumers.

News from NIRC of ICSI

The Corporate Membership Scheme of NIRC of ICSI is open for the Financial Year 2016-17 and the last date for receipt of Corporate Membership fee with early bird incentive is 31.3.2016. The scheme is available for two options – Option-I : Corporate Membership Scheme –(Delhi); Option-II : Corporate Membership Scheme – (Delhi & Chapters). Anyone becoming a member under the Scheme shall be entitled to attend all the paid programs (Except workshops and residential programs) organized by NIRC (& Chapters) free of charge throughout the year. The payment for Corporate Membership can be made through following options:

Option 1 – Cash deposit at NIRC Building, 4 Prasad Nagar Institutional Area, New Delhi.

Option 2- NEFT transfer to NIRC- ICSI Saving Bank Account No. SB- 90062010039267 Syndicate Bank, East Patel Nagar, New Delhi – 110008, RTGS/ NEFT IFSC – SYNB0009006.

Option 3 – Online payment through payment gateway.

Option 4 – Cheque/DD towards the Corporate Membership Fee for the requisite amount be drawn in favour of “NIRC of the ICSI” and sent to Regional Director, NIRC of ICSI, 4, Prasad Nagar Institutional Area , New Delhi-110005.

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