SEBI lays down procedure for conflict resolution between listed and listing stock exchanges

SEBI lays down procedure for conflict resolution between listed and listing stock exchanges

SEBI lays down procedure for resolution of conflicts between any listed recognized stock exchange and its listing stock exchange under the Stock Exchanges Clearing Corporation Regulations; Regulation 45 said Regulations provides for listing of a stock exchange on any recognized stock exchange, other than  itself and its associates; As per the Circular, the Listing Department of listing stock exchange (i.e. a stock exchange on which the listing is done) shall be responsible for monitoring the compliance of the listed stock exchange (i.e. a stock exchange which is getting listed) as in the case of listed companies; The Independent Oversight Committee (IOC) of the listing stock exchange shall exercise oversight at the second level to deal with the conflicts, if any; The listed stock exchange may appeal to the Independent Oversight Committee of the listing stock exchange, if aggrieved, with the decision on disclosure of the listing stock exchange; An independent Conflict Resolution Committee (CRC) constituted by SEBI, with an objective for independent oversight and review, shall monitor potential conflicts between listed and listing stock exchange on a regular basis; The listed stock exchange aggrieved by the decision of IOC of the listing exchange may appeal to

Updates:

Updates:

1. CBDT has extended its one-time tax dispute resolution scheme by a month, giving companies including Vodafone and Cairn Energy time till January 31 to accept its offer to settle retrospective tax demands.
2. Manufacturer can avail Composition Scheme up to 50 lacs @ minimum 5%(2.5% CGST & 2.5% SGST) & Trader  at  2%(1%CGST 1%SGST). NA to Service provider. 
3. Madras High Court has held that the assessee is entitled to Service Tax Credit on catering services. M/s IP Rings Ltd v. CESTAT Chennai. 
4. SEBI (Securities and Exchange Board of India) has established its own Investor Protection & Education Fund (IEPF).
5. RBI issued Notifications / Circulars for 
1.  Restriction on currency exchange for foreigners to continue till 31.01.2017.
2. Supply of 40% bank notes / cash to bank branches in rural area