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
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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
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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…

201408.14
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Notification No. 08/2014 – Service Tax

New Delhi, the 11th July, 2014 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…

201408.08
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Service Tax Notification No. 7/2014

Notification No.7/ 2014-Service Tax New Delhi, the 11th July, 2014 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), read with sub-section (3) of section 95 of Finance (No.2), Act, 2004 (23 of 2004) and sub-section (3) of section 140 of the Finance Act,…

201407.11
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CORPORATE & OTHER LAWS

07/07/2014 Super regulator might soon become a reality; roadmap on FSLRC soon In wide-ranging changes to the way the financial sector functions and is regulated, the government might soon lay out a road map for implementation of certain recommendations made by the Financial Sector Legislative Reforms Commission (FSLRC), including creation of a Unified Financial Agency.However,…

201407.11
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Govt to bring out revised Real Estate Regulation Bill soon

July 4, 2014 The BJP Government is set to bring out a revised Bill to regulate the real estate sector, after talks with all stakeholders, said Urban Development, Housing & Urban Poverty Alleviation Minister M. Venkaiah Naidu on Friday. “The earlier Bill has lapsed. I am now having interactions with real estate stakeholders and States…

201407.11
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Following Rajasthan, Centre to revisit contract labour law

Jul 3, 2014, 06.52AM IST Taking a cue from Rajasthan, the Centre has decided to revisit the law governing contract labour and soon come out with a set of proposed amendments for consultation with stakeholders in what would be the most significant in the series of labour reforms to be undertaken by the Narendra Modi-led…

201407.11
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Industrial licence validity extended to three years

ET Bureau Jul 3, 2014, 07.14AM IST In yet another effort to enhance the ease of doing business in the country, the Narendra Modi-led government has extended the validity period of industrial licence to three years with a provision for further extension of two years. “In supersession of all earlier Press Notes, the period of validity…