[SEBI-ASBA] Self Certified Syndicate Banks (SCSB) list

List of Self Certified Syndicate Banks under the ASBA process
ASBA - Applications Supported by Blocked Amount

1. As on date, there are 57 banks registered with SEBI as Bankers to an Issue
under the SEBI (Bankers to an Issue) Regulations, 1994. In terms of the SEBI Circular no. SEBI/CFD/DIL/ DIP/31/2008/ 30/7 dated July 30, 2008 on Applications Supported by Blocked Amount (ASBA), all these banks are eligible to act as Self Certified Syndicate Bank for the purpose of ASBA subject to their submitting a self certification to SEBI ,inter-alia certifying that they have undertaken the mock trial run of their systems with the Stock
Exchange(s) and Registrar(s) and have satisfied themselves that they have adequate systems/ infrastructure in place at their Controlling Branch/ Designated Branches to fulfill their responsibilities/ obligations as envisaged in the ASBA process within the timelines specified therein.

2. Once the banks submit this self certification, their names shall be included in
SEBI’s list of Self Certified Syndicate Banks (SCSBs) whereafter these SCSBs shall be eligible to accept ASBAs in public issues.

Find details here...

CS friends, now email your Queries, wonderful initiative by ICAI

SOLUTIONS
TO STUDENTS’ QUERIES THROUGH TOLL FREE MODE AND DIRECT
E-MAIL
An awesome
initiative by ICAI, by which many can be benefitted in the positive
sense. Use the facility.

The Board of Studies is happy to inform the CA students that the following facilities have been provided by the Board of Studies for facilitating quick solutions of CA students’ queries:

1. Toll Free Number : 1800-200-2501
2. Individual telephone numbers of respective faculty members
3. Individual e-mail i.d. of respective faculty members
4. Facilitating of answering through Gyandarshan Lecture Channel – Toll free number 1800-11-2345 and e-mail i.d.
gyandarshanbos@icai.org
(during studio timings only)
Students may ask queries of general as well as technical nature through toll free number (on Monday to Friday between 2.00 P.M. to 4.00 P.M.). Students are advised to use toll free facility for short answer questions. Queries requiring elaborate answers should preferably be addressed to the respective faculty members through e-mail.

CS friends can trouble, [these are very few], Trouble more following
http://www.icai.org/post.html?post_id=3218&c_id=219

On Tuesdays
giridharan@icai.org.in for Corporate & Allied Laws;

On Thursdays
nnsengupta@icia.org.in & nnsengupta@icia.org.in for Cost Accounting & Management Accounting respectively;
ashish.gupta@icai.org.in & zaidi@icai.org.in for Financial Management Queries;

On Fridays
priya@icai.org.in & ruchika@icai.org.in for Direct Taxes;
smita@icai.org.in & ashish.bhansali@icai.org for Indirect Taxes.

CS Chennai Inter Classes from September 5, 2008 [Company Secretary Executive]

Yes,

Considering the students requests and Introductory Session held on 27th August 2008 @ 0630 AM at Learn Labz, its decided to kick off CS Executive Program Sessions from 5th September 2008 till 15th November 2008 as per the SCHEDULE

Congrats for budding CS on this results. This is just the ICSI's evaluation of you and you can be much more than this !

Learning CS, as exciting ever.Keep Experimenting to Excel !

Submit your Registration Forms Now

NOTICE

Notice is hereby given that the First "CS Executive Students Sessions" of Learn Labz will be held from Wednesday, the 5th day of September 2008 up to 15th day of November 2008 at the Registered Office of Learn Labz - 128 Veeraperumal Koil Street, (Land Mark: Vivekananda College), Mylapore, Chennai-04 from 06:15 AM to transact the following businesses:
1. To Learn, Experiment and Excel with us the SCHEDULE

2. For such interesting learning sessions, our Labz SHALL accommodate 20 Students ONLY.

3. Learning Fee Rs.1,500/- Per Paper and Rs.4,000/- Per Module.

Contact Course Director: A.N.S. VIJAY @ +91 93829 35598 for any detail.

Experience the Theoretical Learning - the Experimental Way....

EPF online employees provident fund claim status

The Employees' Provident Fund Organisation (EPFO) has launched a facility for online verification of status of the claim under the EPF.

The facility can be availed at http://epfindia. nic.in/indiaepf/ loginnew. aspx the user needs to select,

the State, the EPF office, Establishment Code, Extension code, if any and then enter the employee number to ascertain the claim status.

Last date for filing of applications and applicability of late cut, for Schemes under Chapter 3 of FTP, clarification thereof

As per http://164.100.9.245/exim/2000/cir/cir08/cir2708.htm
1. For exports made from 1-4-2006 till 31-3-2008 that have already been realized up to 31-3-2008, the last date for filing the application for obtaining benefits under Chapter 3 of the Foreign Trade Policy will be 30.11.2008, and if the realization is after 31.3.2008, then the last date for filing the application will be as per the provisions of Para 3.23.10 of HBP Vol. 1 (RE-2008) as amended vide Public Notice No. 64 (RE-2008) / 2004-2009 dated 14.8.2008.

2. Further, it is clarified that late cut, in terms of Para 3.23.2 HBP Vol. 1 (RE-2008) read with Para 9.3 of HBP Vol. 1 (RE-2008), shall be applicable for applications filed after the prescribed last date as above, even for exports made from 1.4.2006 till 31.3.2008.

This issues with the approval of the DGFT.

Eligibility of supplies to EOUs for deemed export benefits

Yes,

The supplies of goods from DTA to EOU / EHTP / STP / BTP are regarded as deemed exports and DTA supplier is eligible for deemed export benefits.

Based upon disclaimer from DTA supplier, EOU / EHTP / STP / BTP units can also claim these benefits.

This is as per DGFT Policy Circular No. 23 (RE-2008)/2004-2009 dated 28th July 2008

IEC modification, when 100% EoU becomes DTA

Yes,

You will get a Fresh Import Export Code (IEC) from RA, once your 100% Export Oriented Unit (EoU) gets converted into a Domestic Tariff Area (DTA) unit.

Same is NOT the case when an existing DTA gets converted into 100% EoU. Meaning, it will continue with the same IEC.

This is as per the Clarification issued by Commerce Ministry which can be accessed in http://164.100.9.245/exim/2000/cir/cir08/cir2608.htm

CS exam Results 2008 Out - Pass or Will Pass?

Yes,

Company Secretary Foundation, Inter & Final Results are out by 12 noon today @ www.icsi.edu

Hope you enjoyed with your Pass or Will Pass status ....

Do Scrap your Results here to enthuse others.

Click here to enjoy CS Exams December 2008.

Join the CS Fraternity to celebrate & learn more.

[SEBI-FVCI] how to get registered as a Foreign Venture Capital Investor

HOW TO GET REGISTERED AS A FOREIGN VENTURE CAPITAL INVESTOR (FVCI)

1. The Applicant is advised to go through the SEBI (Foreign Venture Capital Investors) Regulations, 2000 for checking the eligibility criteria (Reg 4) and such other information while submitting the application to SEBI.

The application in Form A as specified in First Schedule to SEBI (Foreign Venture Capital Investors) Regulations, 2000 and other documents should be filed along with requisite fees (Application fees of US $ 5000) as prescribed under Second Schedule to the Regulations.

2. The application in Form A along with other documents as enumerated below should be submitted in duplicate. One set of Application along with all the documents is forwarded by SEBI to Reserve Bank of India (RBI) for its approval from FEMA angle.

Click here to know the Procedural Detail

[SEBI] Internal Audit for stock brokers/clearing members by Chartered Accountant

Stock Broker / Clearing Members to carry out COMPLETE INTERNAL AUDIT on HALF YEARLY BASIS by Independant Qualified CHARTERED ACCOUNTANTS.

The first such audit period should be from October 1, 2008 to March 31, 2009.

The scope of such audit shall cover, inter alia,
1. The existence, scope and efficiency of Internal Control System;
2. Compliance with the provisions of,
a. SEBI Act, 1992; b. Securities Contracts (Regulation) Act 1956; c. SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992.
3. Compliance of circulars issued by SEBI, agreements, KYC requirements & Bye-Laws of the Exchanges;
4. Data security and insurance in respect of the operations of stock brokers/clearing members.

Click here for more details.

[FEMA] Advance Remittance USD 50lakhs Without Bank Guarantee/Standby Letter of Credit

RBI/2008-09/134 A. P. (DIR Seris) Circular No. 09 dated August 21, 2008

Advance Remittance for Import of Goods - Liberalisation

In cases where the importer (other than a Public Sector Company or a Department / Undertaking of the Government of India / State Government) is unable to obtain bank guarantee from overseas suppliers and the AD Category – I bank is satisfied about the track record and bonafides of the importer, the requirement of the bank guarantee / standby letter of credit may not be insisted upon for advance remittance up to USD 1,000,000 or its equivalent. AD Category – I banks may frame their own internal guidelines to deal with such cases as per a suitable policy framed by the bank's Board of Directors [cf A. P. (DIR Series) Circular No.15 dated September 17, 2003].

Now, it has been decided to enhance the limit of USD 1,000,000 mentioned above to USD 5,000,000 or its equivalent, with immediate effect.

Find full detail in http://rbidocs.rbi.org.in/rdocs/notification/PDFs/86458.pdf

[FEMA] USD 10lakhs per Export Shipment, Despatch Shipping Documents to Export Destination

RBI/2008-09/127 A. P. (DIR Series) Circular No. 06 dated August 13, 2008

Attention of Authorised Dealer Category – I (AD Category - I) banks is invited to the paragraph C .7 of A. P. (DIR Series) Circular No.12 dated September 9, 2000, in terms of which AD Category – I banks/exporters have been allowed, in certain cases, to dispatch shipping documents direct to the consignee. All other cases of dispatch of shipping documents by the exporter direct to the consignee are considered by the Reserve Bank on a case to case basis.

With view to further liberalise the facilities available to the exporters and to simplify the procedure, it has been decided to allow AD Category - I banks, to regularize cases of dispatch of shipping documents by the exporter direct to the consignee or his agent resident in the country of the final destination of goods, up to USD 1 million or its equivalent, per export shipment, subject to the following conditions:

a) The export proceeds have been realized in full.

b) The exporter is a regular customer of AD Category - I bank for a period of at least six months.

c) The exporter's account with the AD Category – I bank is fully compliant with Reserve Bank's extant KYC / AML guidelines.

d) The AD Category – I bank is satisfied about the bonafides of the transaction.

In case of doubt, the AD Category – I bank may consider filing Special Transaction Report (STR) with FIU_IND (Financial Intelligence Unit in India).

The directions for Status Holder Exporters and Units in Special Economic Zones issued vide A. P. (DIR Series) Circular No. 35 dated April 1, 2002 and A. P. (DIR Series) Circular No. 10 dated August 14, 2002, respectively, shall remain unchanged.