SEBI:
The market regulator SEBI has come out with the SEBI (Prohibition on Raising Further Capital From Public and Transfer of Securities of Suspended Companies) Order, 2015. In order to ensure effective enforcement of listing conditions and improve compliance environment among the listed companies and to protect the interest of investors, it is hereby ordered that the suspended company, its holding and/or subsidiary, its promoters and directors shall not, issue prospectus, any offer document, or advertisement soliciting money from the public for the issue of securities, directly or indirectly; till the suspension is revoked by the concerned recognised stock exchange or securities of such company are delisted in accordance with the applicable delisting requirements, whichever is earlier. Further, the suspended company and the depositories shall not effect transfer of shares held by promoters /promoter group and directors till three months after the date of revocation of suspension or till securities of such company are delisted, whichever is earlier.
Stamp Duty Payment in Delhi:
The Delhi Government has observed that the Collectors of Stamps still issuing Challans to the public directing them to deposit the stamp duty in SBI, which is against the instructions issued by the Department. Accordingly, all Collector of Stamps in Delhi are directed to collect the stamp duty / additional stamp duty / deficit stamp duty through e-stamp only and verification shall be done by locking the e-stamp papers through already provide user ID and passwords. The process will reduce the unnecessary correspondence with PAO & facilitate the public at large. It was observed that the Collectors of Stamps still issuing Challans to the public directing them to deposit the stamp duty in SBI.
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