Corporate Updates – 21-11-2014


SEBI has passed the orders for derecognition of Delhi Stock Exchange (DSE), in exercise of the powers conferred upon me in terms of Sections 11(2)(j) and Section 19 of the Securities and Exchange Board of India Act, 1992 read with Section 5(2) and 12A of the Securities Contracts (Regulation) Act, 1956. SEBI has observed some serious irregularities in the functioning of DSE at the time when DSE was taking steps for demutualization. It is seen that for completing the demutualization process the erstwhile board of DSE had overlooked the due transfer of shares in the demat accounts and receipt of the funds by the ‘appointed date’.


MCA has prepared Annual Plan for the year 2014-2015 along with the five year action planin respect of Swachh Bharat Mission and instructed all its offices viz RD / ROC /CCI / CLB and all three institutions to follow the same for effective and efficient implementation of the Mission. All offices are required to send the quarterly report to the Ministry along with the photographs of work done. Professional Institutions are also required to take appropriate action by organizing events and special campaign.

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