Corporate Updates – 31-03-2017


BSE has decided that with effect from April 01, 2017 onwards, all listed entities with BSE, would be required to make their filings in respect of Financial Results (Regulation 33 and Regulation 52) in XBRL mode within 24 hours of submission of results in PDF mode. This requirement however, would not apply to Insurance Companies which can continue to make their filings for Financial Results in PDF mode only. Financial Results are required to be submitted along with the Limited Review Report / Audit Report first, in PDF mode through the Listing Centre website – Corporate Announcement Filing System (CAFS) within 30 minutes of the conclusion of the Board Meeting. This is required to be followed by filing of the result in XBRL mode within 24 hours from the conclusion of the Board Meeting.

DGFT – Foreign Trade Policy

DGFT Authorities have made Amendments in Chapter 4 of the Foreign Trade Policy 2015-2020. In cases of supplies toprojectsin India under deemed export category orprojectsabroad, theExport Obligationperiod shall be co-terminus withcontracted duration of the project execution or 18 months whichever is more. Further, an applicant shall be allowed to file application beyond 24 months from the date ofgeneration of file number as per paragraph9.02of Hand Book of Procedures and No Duty Free Import Authorisation shall be issued foran inputwhere SIONprescribes ‘Actual User’ condition and/orAppendix-4J prescribes pre importcondition for such an input.

News from NIRC of ICSI

NIRC is organising 5 Days Capacity Building Sessions on Companies Act, 2013, Covering : Deposits, Charge, Borrowings, Loan to Directors & Inter corporate Loans / Investments/Guarantee/Security from Monday, the 27th March, 2017 to Friday, the 31st March, 2017 from 5.30 PM to 8.00 PM. at Auditorium, ICSI-NIRC Building, 4, Prasad Nagar Institutional Area, New Delhi. Fee:Rs.750/-; (inclusive of service tax) ; for all sessions (including Corporate Members); Rs.200/- per session; PCH – 2/day.

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