Page-21 of SEBI
SEBI approved the new Corporate Governance norms
The Market regulator, Securities and Exchange Board of India (SEBI) approved the new corporate governance norms that restrict the number of independent directors on a company board, spell out whistleblower policies and institute checks on salaries of key managerial persons, ..
Month: Current Affairs - February, 2014
Uniform tax rate for foreign portfolio investors
The Union Government stated that Foreign Portfolio Investors (FPIs) will attract uniform tax rate in all categories. The Central Board of Direct Taxes notified that the new class of investors, FPIs, would be treated as FIIs under the Income Tax ..
Month: Current Affairs - February, 2014
Govt. launched "India Inclusive Innovation Fund (I.I.I.F.)"
The National Innovation Council (NIC), in partnership with the Ministry of Micro, Small and Medium Enterprises (MSME), launched the India Inclusive Innovation Fund (IIIF). IIIF is an impact investment fund that will invest in ventures catering to the country’s poor. ..
Month: Current Affairs - January, 2014
No cash transactions in CIS : SEBI move to check laundering
The market regulator, Securities and Exchange Board of India (SEBI) made it compulsory for all investments into Collective Investment Scheme (CIS) funds to be made through banking channels, and not in cash, to prevent any money laundering activities through such ..
Month: Current Affairs - January, 2014
SEBI made fund-raising easier for corporate India and tightened noose on fraudsters
In order to raise funds easier for companies through genuine equity or debt offers, the market regulator SEBI approved new norms for its search and seizure operations, settlement proceedings, refund to investors and crackdown on illicit money-pooling schemes. The measures ..
Month: Current Affairs - December, 2013
SEBI: Foreign portfolio investors will be treated on par with FIIs on tax issues
In consultation with the Finance Ministry, Securities and Exchange Board of India (SEBI) decided to treat the three categories of Financial Portfolio Investors (FPIs) uniformly for tax purposes. In other words, the new rule aims to bring all foreign investors ..