Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: form 3cd :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: VAT RATES :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: empanelment :: VAT Audit
 
 
Direct Tax »
 In some instances, filing of income tax return may not be mandatory
 Best 5 Income Tax-Saving SIP plans in India: How To save taxes by Investing in SIPs under 80C
 Tax refund checks are finally in the mail
 Income Tax dues in advance can be paid at RBI or at authorised bank branches by March 2017
 Why you must be looking beyond tax planning
 I-T dept. to lauch app for paying tax
 CBDT to taxman: Step up TDS survey operations to boost collections
 Tax Officers Asked To File Self-Appraisal Report On E-Assessment
 CBDT to taxman: Step up TDS survey ops to boost collections
 Govt to issue exemption list on new tax for unlisted firms
 CBDT issues third round of certificates to tax payers

Sebi proposes to allow certain companies to file shelf prospectus
November, 27th 2013

To make fund raising process easier, Sebi proposed allowing public sector financial institutions, scheduled banks and NBFCs, among others, to file shelf prospectus for issuance of non-convertible debt securities.

Shelf prospectus allows frequent issuers to raise money, without the requirement of filing separate prospectus for every issuance.

It is proposed to allow public financial institutions and scheduled banks, Infrastructure Debt Funds-Non-Banking Financial Companies (IDF-NBFC) and other NBFCs to file shelf prospectus for raising funds through non-convertible debt securities, Sebi said in a circular.

The Securities and Exchange Board of India (Sebi) has also suggested allowing issuers authorised by CBDT to make public issue tax free secured bonds to file shelf prospectus.

The market watchdog has sought public comments on recommendations made by its Corporate Bonds & Securitization Advisory Committee. Suggestions can be given till
December 2.

The provision of filing a shelf prospectus for certain entities is there in Companies Act.

As per the panel's recommendations, NBFCs and other listed issuers would be eligible for filing shelf prospectus only if meet certain criteria, including having a networth of at least Rs 500 crore.

The information memorandum/tranche prospectus filed should contain the disclosures prescribed by Companies Act, 2013, as well as details on revision in ratings.

As per the Companies Act, a company filing a shelf prospectus with the Registrar of Companies (RoC) is not required to file prospectus afresh at every stage of offer of securities for the specified period.

Among others, the shelf prospectus is required to show all material facts relating changes in the company's financial position. Five companies had filed shelf prospectus in 2012-13, while seven filed shelf prospectus in the preceding fiscal

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Sitemap

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions