Corporate Updates 9 July 2014

Industrial License: 

Government of India issues guidelines for extension of Initial validity of Industrial License from 2 years to 3 years to streamline the procedure for grant of Industrial Licenses as a measure for ease of doing business. These new guidelines are applicable for extension of validity of Industrial license in cases where the license holder has not commenced production of the items within three years of issue of license. The applicants fulfilling the all the prescribed guidelines may be granted extension of Industrial License with the approval of concerned Joint Secretary of the Administrative Ministry without referring the application to Licensing Committee. To view and download the revised Guidelines, please Click Here.

SEBI:

SEBI with a view to guide market participants on SEBI (Foreign Portfolio Investors) Regulations, 2014 has prepared FAQs on laws governing the Foreign Portfolio Investors (FPI). For full particulars of laws, stakeholders are requested to refer to the Acts / Regulations / Guidelines / Circulars etc. appearing under the Legal Framework Section of SEBI website i.e. www.sebi.gov.in. Any queries about the FPI Regime can be addressed to the Investment Management Department, SEBI.

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