Corporate Updates – 30-12-2014


CBDT has notifies Reliance Retirement Fund set up by the Reliance Mutual Fund registered under the Securities and Exchange of Board of India (Mutual Fund Regulations, 1993) having registration No MF/022/95/1, dated the 30th June, 1995 as a Pension Fund under Section 80C(2)(xiv) for the purposes of the said clause for the assessment year 2015-16 and subsequent assessment years. This notification shall come into force from the date of its publication in the Official Gazette.


SEBI has passed orders for providing the exit to Bangalore Stock Exchange Limited and Cochin Stock Exchange Limited under the current policy. SEBI vide Circular dated May 30, 2012 had issued the Guidelines for exit of stock exchanges. This contained details of the conditions for exit of de-recognised/non-operational stock exchanges, inter-alia, including treatment of assets of de-recognised/non-operational exchanges and a facility of dissemination Board for companies listed.

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