Shri Injeti Srinivas appointed as Part Time Member of the Securities and Exchange Board of India (SEBI).
Dated 15th December, 2017 | Copy of | Finance Notification Sl.137 In exercise of powers conferred by Sub-Section 3 read with Clause (b), Sub-section (1) of Section 4 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Central Government hereby appoints Shri Injeti Srinivas, Secretary, Ministry of Corporate Affairs as Part Time Member of the Securities and Exchange Board of India (SEBI) vice Shri Tapan Ray, former Secretary, Ministry of Corporate Affairs with immediate effect and until further orders. Sd/(Praveen Garg) Jt. Secy. S.O.3720(E) F.No.2/23/2006-RE Issued by: Ministry of Finance (Department of Economic Affairs) (Financial Markets Division) New Delhi Foot Note:- The Principal notification was published vide S.O.195(E) dated 9.3.1992 and amended vide notifications S.O.761(E) dated 7.10.1993, S.O.719(E) dated 17.10.1996, ...
Govt issues another set of draft norms under bankruptcy code
The Dollar Business Bureau The government on Tuesday notified another set of draft regulations to further help companies undertake liquidation and insolvency as part of the Insolvency and Bankruptcy Code, 2016. These regulations have been modified for the implementation of the bankruptcy code and are envisaged to improve the ease of doing business in the country. Last week, the government announced another set of draft regulations for registration of professionals and agencies under the insolvency code. The new draft regulation underscores liquidation of insolvent corporate, insolvency resolution process for corporate and application to judicial authority. The new set of drafts has been put up for stakeholders’ feedback, following which the corporate affairs ministry will finalise the rule. The ministry had constituted a working group of experts ...
Govt to speed up company incorporation process
The Dollar Business Bureau As part of the Government Process Re-engineering (GPR) to ensure ease of doing business in the country, the government has initiated the Central Registration Centre (CRC), a mechanism that will ensure speedy incorporation related services within stipulated time frames. “The GPR involves a three-pronged approach of further automating some of the approval processes by utilising advanced software tools & engines, rationalising and modifying some of the rules and engaging professionals to expedite the process of manual scrutiny,” Ministry of Corporate Affairs said in a statement. The latest decision has been taken keeping in mind the international best practices to undertake speedier and uniformly processing of applications, thus doing away with discretion. The initiative has been launched ...
Government relaxes norms to boost ease of doing business
The Dollar Business Bureau In order to foster ease of doing business in India, the government notified the relaxation of norms under the Companies Act 2013 for private and public companies. For private companies, the Ministry of Corporate Affairs has relaxed the provision from entering into related party transactions. Moreover, companies can also provide a shorter period for offering securities to members through right offers and approve the issue of employee stock option plans through a simple majority and allow an easier procedure and flexibility in holding general meeting, said the ministry in a press release today. Private firms have been allowed to accept deposits from members without the requirement of offer circular and creation of a deposit repayment reserve, etc. The ...
DGFT goes online, trading made easier with e-services
The DGFT regional authority has started the online processing and issuance of Importer Exporter Code applications in digital format, said a statement from the Ministry of Commerce and Industry. Henceforth, the IEC applications will be not be available in physical form as the entire process, starting from receiving applications to the issuing of the same, will go online. The Dollar Business Bureau Going by the latest online initiative taken by the Government of India, the exporters, importers and entrepreneurs may not have to wander much around Regional Authority (RA)’s office for receiving/filing their applications. As a process of Digital India initiative, the Directorate General of Foreign Trade (DGFT) under Department of Commerce, Government of India, on February 3, 2015, initiated ...
