Corporate Updates – 23-12-2014


SEBI launched a centralized web based complaints redress system ‘SCORES’ and the purpose of SCORES is to provide a platform for aggrieved investors, whose grievances, pertaining to securities market, remain unresolved by the concerned listed company or registered intermediary after a direct approach. SEBI has issued various circulars/directions from time to time with respect to SCORES. In order to enable the users to have an access to all the applicable Circulars / directions at one place, this Circular on SCORES consolidates the current provisions. All companies whose securities are listed on recognized Stock Exchanges and intermediaries registered with SEBI are advised to comply with this Circular.

Income Tax:

The Income Tax Authorities has come out with a circular on Income Tax deduction from salaries during the financial year 2014-15 under section 192 of the income-tax act, 1961. This circular contains the rates of deduction of income-tax from the payment of income chargeable under the head "Salaries" during the financial year 2014-15 and explains certain related provisions of the Act and Income-tax Rules, 1962 (hereinafter the Rules). The relevant Acts, Rules, Forms and Notifications are available at the website of the Income Tax


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