The Apex court of the country has denied to put stay on the NCDRC’s order allowing the homebuyers of JayPee Infratech Ltd. to move against the parent company Jai Prakash and Associates for compensation and possession of their respective flats.
The purpose of Banning of Unregulated Deposit Schemes Ordinance is to totally ban all forms of the Unregulated Deposits. This may be intended to protect investors from dubious outfits selling Ponzi and pyramid schemes.
To revive the ship the major equipment which is required will be RERA as it will soon accelerate its healing on the damage caused to the real estate sector.
The Gurugram RERA known as H-RERA is about issue a notification for the builder who are trying attracts the home buyers by making an offer of ‘Assured Returns’.
A good new for around 4300 Amrapali homebuyers who have been left midway due to the ongoing insolvency proceedings against the Amrapali group.
This is not compulsory that all RERA registered projects are investment worthy ,there are many projects registered under RERA on which investing money will become the worst decision of your life.
The purpose and the objective for Enacting IBC is different as Compared to RERA Act, which explicitly focuses in resolving land sector disputes.
Listing few of the highlights of Companies (Amendment) Bill 2017, passed by Lok Sabha on July 27, 2017, received the assent of Rajya Sabha on December 19, 2017
Securities and Exchange Board of India (SEBI) vide SEBI/HO/IMD/DF2/CIR/P/2017/125 dated November 30, 2017 issued a circular in order to strengthen the governance structure for mutual funds (MFs) with respect to appointment of Independent Trustee of Mutual Funds and Independent Director of Asset Management in terms of Regulation 16(5) and Regulation 21(1) respectively of SEBI (Mutual Funds) … Continue reading “Tenure of Independent Trustee and Independent Director for Mutual Funds”
Securities and Exchange Board of India (SEBI) vide CIR/HO/MIRSD/MIRSD2/CIR/P/2017/124 dated November 30, 2017, provided its clarification to circular no. CIR/HO/MIRSD/MIRSD2/CIR/P/2017/108 dated September 26, 2017, on Prevention of Unauthorized Trading by Stock Brokers. Brokers are required to maintain the records specified at para 3 of aforementioned circular for a minimum period of 3 years and if … Continue reading “Clarification with respect to maintaining of records by Stock Broker”
Directors of companies that defaulted on statutory compliances from serving on the boards of other firms to improve corporate governance and check financial irregularities through the use of shell companies.
Notwithstanding the campaign against black money, the government is outlining to make it mandatory to keep shares of unlisted companies (companies which are not in the stock market) in the demat form. As per a government official, it will be first implemented for government limited companies and will be optional for unlisted companies. . According … Continue reading “Shares of Unlisted Companies to take a Flight”
Aadhaar card number can be made mandatory to buy shares and mutual fund units soon. The government and the Securities and Exchange Board of India (SEBI) are planning to link Aadhaar card to financial market transactions.
Not only company Act, 2013 but other allied laws such as Income Tax Act, Labour Laws and other industries specific laws are applicable on companies.
Indian mutual funds will be allowed to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), the market regulator said on Saturday, a move aimed at boosting investor interest in such alternative investments. The Securities and Exchange Board of India (SEBI) had been working on easing regulations on REITs and InvITs to woo … Continue reading “Mutual funds can now invest in REITs, InvITs”
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