201409.06
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RBI:- Guidelines on Lending against Shares carried out by NBFC

RBI has come out with the set of guidelines on lending against shares carried out by NBFCs. At present, there are no specific instructions apart from the general prudential regulation applicable to all NBFCs. Accordingly, NBFCs lending against collateral of shares shall Maintain an LTV ratio of 50% and accept only Group 1 securities as…

201409.06
0

SEBI

SEBI has now prescribed the revised formats for disclosure under Regulation 30 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 which shall come into force with immediate effect. The copies of these above stated formats are available on SEBI website at www.sebi.gov.in under the categories “Legal Framework” and “Takeovers”.

201409.06
0

Service Tax Notification No.17/2014 – Service Tax

G.S.R….(E).– In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of…