Saturday, February 16, 2019

Corporate Updates 16th Feb 2019

SMEs need greater institutional framework to boost access to credit
Buyers of distressed cos can raise money through ECBs
Jet Airways may raise Rs 6,000 crore via share sale
Ford CFO Bob Shanks to retire
India's Jan trade deficit widens to $14.73 billion: Trade ministry
Payment of non-convertible debentures after NCLT process: Reliance Communications
Allahabad HC seeks Centre, state reply on GST Appellate Tribunal
Visa, Mastercard mull increasing fees for processing transactions
India Inc raises Rs 4.57 lakh crore via debt private placement in Apr-Jan FY19
ICAI bets big on artificial intelligence, data analytics 

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Wednesday, February 13, 2019

Corporate News of the Day 13th Feb 2019

Finmin spent Rs 1,157 cr extra in 2017-18 without obtaining prior approval: CAG
Why CPI is the most adequate measure to address inflation
Carlos Ghosn remains director of Renault, Bollore chairman of Renault-Nissan
95% real estate companies outside the income tax net, finds CAG
View: It's time to tame the social media beast
With direct resolution of holding companies unlikely, IL&FS Board may sell group firms
RBI penalises seven banks for violating various norms
Anil Ambani reaches SC in response to contempt notice filed by Ericsson
NCLAT extends deadline for NCLT Ahmedabad to decide on Essar Steel insolvency case by February 19 

Friday, February 08, 2019

SEBI Regulation 24A LODR

SEBI LODR Amendment dated 08/02/2019

SEBI has introduced new Regulation i.e. Regulation 24A in LODR

1) Annual Secretarial Audit Report in Form MR-3 will form part of Annual Report of Every listed entity and its material unlisted subsidiaries incorporated in India.

2) Annual Secretarial Compliance Report to be submitted by every listed entity to the stock exchanges within 60 days of the end of the financial year.

1) Respective Report to be issued for Financial year ended 31/03/2019

2) “material subsidiary” shall mean a subsidiary, whose income or net worth exceeds twenty percent of the consolidated income or net worth respectively, of the listed entity and its subsidiaries in the immediately preceding accounting year.
Explanation.- The listed entity shall formulate a policy for determining ‗material‘ subsidiary.

3) Applicable to All Listed Entities (whose EQUITY shares are listed) and their material subsidiaries