Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
Direct Tax »
Open DEMAT Account in 24 hrs
 Income Tax Return: How to maximise your tax refunds while filing ITR?
 Last date for filing income tax return (ITR)
 Income Tax Return: How to get maximum tax refunds on filing ITR Check out these 5 ways!
 ITR Filing: Exemptions and deductions that senior citizens can claim for FY24
 Income tax return scrutiny: CBDT issues notification on selection of cases for tax scrutiny. Check details
 CBDT signs record number of 125 Advance Pricing Agreements in FY24
 CBDT issues guidelines for selection of cases for scrutiny, focus on tax evasion info by law enforcement agencies, note experts
 CBDT issues Guidelines and Procedure for Compulsory Selection of Income Tax Returns for Complete Scrutiny for FY 2024-2025
 Net direct tax collections exceed 2023-24 target
 Govt kicks off direct tax code revision
 ITR 2024 25 Check tax department s update on TDS and refunds

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 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting