Daily Archives: August 12, 2015

FAQ’S ON FOREIGN PORTFOLIO INVESTORS

By | August 12, 2015

FREQUENTLY ASKED QUESTIONS (FAQs) ON SEBI (FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2014 [UPDATED AS ON 25-5-2015] Disclaimer: These FAQs are prepared with a view to guide market participants on SEBI (Foreign Portfolio Investors) Regulations, 2014 (“the Regulations”). For full particulars of laws governing the Foreign Portfolio Investors (FPI), please refer to the Acts/Regulations/Guidelines/Circulars etc. appearing under… Read More »

CLARIFICATIONS ON INSIDER TRADING

By | August 12, 2015

CLARIFICATIONS ON INSIDER TRADING CLARIFICATIONS ON SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992.  SEBI has amended certain provisions of SEBI (Prohibition of Insider Trading) Regulations, 1992 vide notification dated November 19, 2008 for the purpose of better disclosures and prevention of insider trading. Subsequently we received a few queries from the companies seeking clarification mainly… Read More »

Why Trading in Shares of the company is suspended

By | August 12, 2015

Trading in Shares of the company is suspended. Please advice? Companies may be suspended from trading on various grounds such as;  (a) Non payment of listing fees.  (b) Non fulfillment of listing agreement. etc. Shares of the company are listed and traded on the Stock Exchange, subject to compliance with the listing agreement. The Stock… Read More »

GLOSSARY OF FINACIAL TERMS

By | August 12, 2015

GLOSSARY  A Account closure (depositor account) The closure of beneficiary and pool accounts by the investor and the clearing member or at the discretion of the participant, if the client has defaulted in its obligations towards the participant. Accounts Payable A current liability showing the amounts due to others within a period of one year… Read More »

FAQ’s on MUTUAL FUND

By | August 12, 2015

INVESTMENTS IN MUTUAL FUND SEBI INVESTOR EDUCATION PROGRAMME Introduction Different investment avenues are available to investors. Mutual funds also offer good investment opportunities to the investors. Like all investments, they also carry certain risks. The investors should compare the risks and expected yields after adjustment of tax on various instruments while taking investment decisions. The… Read More »

FAQs on Insurance Repository

By | August 12, 2015

FREQUENTLY ASKED QUESTIONS (FAQs) What is Insurance Repository?                “Insurance Repository” means a company formed and registered under the Companies Act, 1956 (1 of 1956) and which has been granted a certificate of registration by Insurance Regulatory and Development Authority (IRDA) for maintaining data of insurance policies in Electronic form on behalf of Insurers.… Read More »

FAQs ON DIGITAL SIGNATURE CERTIFICATE (DSC)

By | August 12, 2015

FAQs ON DIGITAL SIGNATURE CERTIFICATE (DSC) : Companies  1. What is a Digital Signature Certificate? Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. Examples of physical certificates are drivers’ licenses, passports or membership cards. Certificates serve as proof of identity of an individual for a certain… Read More »

BEWARE OF DUBIOUS SCHEMES

By | August 12, 2015

BEWARE OF DUBIOUS SCHEMES There are several dubious schemes operating in the market. The promoters of such schemes float companies with attractive names. They start in a particular area and then, on attaining saturation of member enrollments, keep shifting over to new areas. While promoting the schemes, they get film stars, politicians, sportspersons etc. at… Read More »

20 TIPS TO WISE INVESTING

By | August 12, 2015

  20 MANTRAS TO WISE INVESTING Save prudently…..Invest even more wisely You need to invest, otherwise your savings will depreciate in value/purchasing power. However, mindless or reckless investing is hazardous to wealth; Please become an investor… and not a trader or a gambler. 20 Mantras to Wise Investing Mantra 1 Follow life-cycle investing You can… Read More »

LLP AGREEMENT

By | August 12, 2015

LLP AGREEMENT  1. How the mutual rights and duties of partners inter-se and those of partners and LLPs would be governed? The mutual rights and duties of partners inter se and those of the LLP and its partners shall be governed by the agreement between partners or between the LLP and the partners. This Agreement… Read More »

LLP e-FILING Questions and Answers

By | August 12, 2015

LLP e-FILING 1. What are the steps to incorporate LLP? Name reservation: The first step to incorporate Limited liability partnership (LLP) is reservation of name of LLP. Applicant has to file eForm 1, for ascertaining availability and reservation of the name of a LLP business. Incorporate LLP: After reserving a name, user has to file… Read More »

REGISTRATION OF LIMITED LIABILITY PARTNERSHIP

By | August 12, 2015

REGISTRATION OF LIMITED LIABILITY PARTNERSHIP 1. What are the registration formalities relating to LLPs? LLPs shall be registered with the Registrar of Companies (ROC) (appointed under the Companies Act, 1956) after following the provisions specified in the LLP Act. Every LLP shall have a registered office. An Incorporation Document subscribed by at least two partners… Read More »

LIABILITY OF PARTNERS IN LLP

By | August 12, 2015

LIABILITY OF PARTNERS  1. Nature & extent of liability of a partner of an LLP? Every partner of an LLP would be, for the purpose of the business of the LLP, an agent of the LLP but not of the other partners. Liability of partners shall be limited except in case of unauthorized acts, fraud… Read More »

MERGER AND WINDING UP OF LLP s

By | August 12, 2015

MERGER AND WINDING UP OF LLP s  1. Whether two LLPs would be allowed to merge? Provisions of section 60 to 62 of the Act provide for the manner in which compromises or arrangements including mergers and amalgamations involving LLPs shall be allowed. 2. What is the date of implementation of these Guidelines? It is… Read More »

Banking Questions and Answers

By | August 12, 2015

RESERVE BANK’S INSTRUCTION ON BANKING MATTERS (UPDATED AS ON 13-8-2012) INDEX I. Domestic Deposits II. Deposits of Non-Resident Indians (NRIs) III. Advances IV. Advances Against Shares And Debentures V. Donations VI. Loans For Premises VII. Service Charges I. DOMESTIC DEPOSITS 1. Whether banks can accept interest free deposits? Banks cannot accept interest free deposits other… Read More »

PENSION Questions and Answers

By | August 12, 2015

SCHEME FOR PAYMENTS OF PENSION TO GOVERNMENT PENSIONERS BY AUTHORISED BANKS (UPDATED AS ON 28-2-2013) Reserve Bank of India (the Bank) overseas disbursement of pension by its agency banks in respect of all Central Government Departments and some State Governments. In the process, it receives queries/ complaints from pensioners in regard to fixation, calculation and… Read More »

SMALL AND MEDIUM ENTERPRISES

By | August 12, 2015

MICRO, SMALL AND MEDIUM ENTERPRISES  Q.1. What is the definition of MSME? A.1. The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under:  (a) Enterprises engaged in the manufacture or production, processing or preservation… Read More »

FAQ ON LLP AUDIT AND FILING REQUIREMENT

By | August 12, 2015

FAQ ON LLP AUDIT AND FILING, DISCLOSURE REQUIREMENT  1. Whether every LLP would be required to maintain and file accounts? An LLP shall be under obligation to maintain annual accounts reflecting true and fair view of its state of affairs. A “Statement of Accounts and Solvency” in prescribed form shall be filed by every LLP with… Read More »

HOME LOAN Questions and Answers

By | August 12, 2015

HOME LOAN  1. For what purposes can I seek a first time home loan? You can generally seek a first time home loan for buying a house or a flat, renovation, extension and repairs to your existing house. Most banks have a separate policy for those who are going for a second house. Please remember to… Read More »

CONVERSION INTO LLP AND VICE VERSA

By | August 12, 2015

CONVERSION INTO LLP AND VICE VERSA  1. Whether other business entities like firm or company would be able to convert themselves into LLP? The LLP Act contains enabling provisions pursuant to which a firm (set up under Indian Partnership Act, 1932) and private company or unlisted public company (incorporated under Companies Act) would be able… Read More »

CHANGE IN PARTNERS OF LLP

By | August 12, 2015

CHANGE IN PARTNERS  1. How can a person become a partner of an LLP? Persons, who subscribed to the “Incorporation Document” at the time of incorporation of LLP, shall be partners of LLP. Subsequent to incorporation, new partners can be admitted in the LLP as per conditions and requirements of LLP Agreement. 2. How can… Read More »