Monday, 7 January 2019

WEBSITE DISCLOSURE under SEBI LODR - REGULATION 46 and OTHER PROVISONS

REGULATION 46 OF SEBI LODR RELATED TO WEBSITE DISCLOSURE

CS Ravi Garg


OTHER DISCLOSURES





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Company Secretary                    
91-7838204665,
csravi2014@gmail.com
Feel free to contact us in this regard.

Monday, 10 December 2018

CS VACANCY#

Vacancy for Graduate in Commerce with Company Secretary Qualification in KIOCL Limited 

(Last Date to Apply is 22-12-2018)

Graduate in Commerce with Company Secretary (CS) qualification from Institute of Company Secretaries of India (ICSI) & an Associate/Fellow Member of ICSI. Candidates with LLB degree will be preferred.
Should have minimum 3 years upto 18 years of Post qualification experience in Secretarial matters including statutory and regulatory compliances, corporate governance, board/committee/general meetings, management of investor relations, etc. Compliances relating to Companies Act 1956/2013 along with rules and secretarial standards, Listing Regulations, Stock exchanges compliances, SEBI laws, dividend etc. Knowledge of drafting/amendments in documents such as Agenda and Minutes, Delegation of powers, Agreements, MoUs, Memorandum and Articles of Association, Resolutions, FPOs/buyback/bonus/split of shares, Formation of JVs and Subsidiaries, Co-ordination with Statutory/Regulatory bodies/Authorities, capability to coordinate with ministry, prepare response/compliance to the ministry advises/guidelines/queries etc. Should be well versed with powers available with Mini-Ratna PSUs, DPE & Govt. guidelines. 

The incumbent will be required to possess good communication/ presentation skills. Preference will be given to candidates who are currently working in a Listed CPSEs for at least 2-3 years or having at least 3-5 years experience in a Listed company
Should have exposure of working in ERP packages like SAP, Oracle etc., 
Should be self-driven and effective team player

Link to apply for the post https://www.kioclltd.in/career/

https://www.kioclltd.in/career/view_pdf/40





Monday, 3 December 2018

Transfer of securities only in demat form- Deadline extended till April 1, 2019

Transfer of securities only in demat form- Deadline extended till April 1, 2019

Limitation on transfer of securities in Physical Form

Earlier there was amendment in SEBI (LODR) in relation with restriction on transfer of securities in physical form on 08.06.2018 (Click here for SEBI Regulation)

The amendment was come into force on the one hundred and eightieth day from the date of its publication in the Official Gazette, i.e 05.12.2018 (Extended upto 31.03.2019)


Amendment in Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Click below for article on Initial amendment.
https://csravi2014.blogspot.com/2018/06/restriction-on-transfer-of-securities.html

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The Board, on March 28, 2018, decided that except in case of transmission or transposition of securities, requests for effecting transfer of securities shall not be processed unless the securities are held in the dematerialized form with a depository. This measure was to come into effect from December 5, 2018.

Subsequently, SEBI has received representations from shareholders for extension of the date of compliance. In view of the same, the deadline has been extended and the aforesaid requirement of transfer of securities only in demat form shall now come into force from April 1, 2019













Reference of Amendement: As prescribed by Press Releases by SEBI on 03.12.2018

Last date for Transfer of shares in Physical Form: 31.03.2018

Point to remember:

1. Above said provisions shall not restrict to hold shares in Physical Shares even after 31.03.2018
2. These provisions shall not apply to transmission and transposition of securities

Further SEBI also clarifies through Press release (PR No.: 12/2019), dated 27.03.2019 that:

  • The above decision does not prohibit the investor from holding the shares in physical form; investor has the option of holding shares in physical form even after April 01, 2019.
  • Any investor who is desirous of transferring shares (which are held in physical form) after April 01, 2019 can do so only after the shares are dematerialized.
  • The transfer deed(s) once lodged prior to deadline (i.e. 31.03.2019) and returned due to deficiency in the document may be re-lodged for transfer even after the deadline of April 01, 2019.



Thank you

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Ravi Garg                                    
Company Secretary                    
91-7838204665,
csravi2014@gmail.com
Feel free to contact us in this regard.

Tuesday, 16 October 2018

PROCEDURE FOR OBTAINING LICENCE UNDER BUREAU OF INDIAN STANDARDS



PROCEDURE FOR OBTAINING LICENCE BY JEWELLER FOR SALE OF HALLMARKED JEWELLERY / ARTEFACTS 


A jeweller desirous to sell Hallmarked gold jewellery/artefacts is required to obtain a licence from BIS for any particular premises of a sales outlet. The licence is granted to a jeweller for particular premises if the application in prescribed format along with necessary documents is found in order and payment of requisite fees and signing of an agreement for operating the licence by the jeweller jointly with BIS. In case the jeweller is also desirous to sell Hallmarked silver jewellery/artefacts another licence shall be obtained from BIS by submitting a separate application and agreement.

After grant of licence, the jeweller has to follow the terms and conditions mentioned in the agreement. Deviations in purity of precious metal (gold and/or silver) and observance of operations not in conformance to stated requirements may result in cancellation of the licence. Proceedings for penalties may also be initiated by BIS.

CORPORATE LICENCE  
Under the BIS Hallmarking Scheme for Gold and Silver, jewellers are required to take licence for sale of Hallmarked article from each outlet. A jeweller under same management having more than one sales outlet can obtain a corporate licence covering all of its sales outlets. Certain terms and conditions shall be applicable. There is also a provision for providing discount towards corporate licence fees.



List of Documents to be enclosed with the Application:


1)   Self certified copy of any one of following documents establishing the Firm:

                                    i.      Registration with State Government Authority/ Trade Licence OR
                                 ii.      Certificate of Registration issued by Company Registrar OR
                               iii.      Registered Partnership Deed in case applicant is a Partnership Firm OR
                               iv.      Certificate from a Chartered Accountant if applicant is a Proprietorship firm.

2)             Self certified copy of any one of following documents authenticating the Firm's premises (not older than 3 months) :

                                    i.     Registration with State Government Authority/ Trade Licences OR
                                  ii.     Sales Tax/ VAT registration OR
                                iii.     Income Tax Assessment Order OR
                                iv.     Insurance Policy OR
                                  v.     Property tax receipt OR
                                vi.     Rent agreement with last rent receipt OR Sale/ Lease Deed agreement OR
                              vii.     Electricity Bill OR
                            viii.     Telephone Bill OR
                                ix.     Water Bill OR
                                  x.     Gas connection OR
                                 xi.     Bank Statement/Pass Book containing the address of the sales outlet.

3)          Any one of following documents as identity proof of signatory on the Application:

                              i.                  Aadhar Card OR
                            ii.                  Driving Licence OR
                          iii.                  PAN card OR
                          iv.                  Voter Identity card OR
                            v.                  Passport OR
                          vi.                  Photo Bank ATM card OR
                        vii.                  Photo Credit card OR
                      viii.                  CGHS/ECHS photocard
                          ix.                  Arms licence OR
                            x.                  Identity Certificate with photo issued by Gazetted Officer on official letterhead OR
                           xi.                 Disability ID card/ Handicapped Medical Certificate issued by State Govts OR
                         xii.                 Freedom Fighter photo card OR
                       xiii.                 Pensioner photo card OR
                       xiv.                 Ration/PDS photo pard OR
                         xv.                 Photo ID issued by recognized educational institution OR
                       xvi.                 Kissan Photo PassBook OR

4)                   The additional documentation required to be submitted with the application are as follows:
                               i.                   Agreement on non-judicial stamp paper of Rs 100/- in the prescribed format.
                             ii.                   Location map of premises from some nearest prominent landmark (illustrative only).

Website for reference: http://www.bis.org.in

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Ravi Garg                                    
Company Secretary                    
Mobile: +91-7838204665,
Email: csravi2014@gmail.com

Monday, 1 October 2018

PROVISIONS OF KOTAK COMMITTEE EFFECTIVE FROM 01.10.2018

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PROCEDURE TO CLAIM SHARES TRANSFERRED TO IEPF AUTHORITY


CS Ravi Garg
Company Secretary

Mobile  :  7838204665
Email: csravi2014@gmail.com

Ravi Garg

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