Newsletter dated 22nd August, 2015

1. PGC NEWSLETTER 1
PGC
NEWSLETTER
22nd
August, 2015
THOUGHT OF THE DAY
"Sometimes the best discoveries are the result of simple
observations…"
SEBI/CORPORATE UPDATES
 The Competition Commission of India (CCI) will facilitate electronic filing
of documents, including for its approval of merger and acquisition (M&A)
proposals, with effect from October 1. The move would help in faster
disposal by CCI of M&A cases, whose numbers have been on an uptrend
and may increase further by 20 per cent this year.
 Tightening the noose on individuals and enterprises misusing its platform,
stock exchange BSE today said it plans to delist over 1,000 companies.
 Vide DIPP Notification F. No. 15(30)/2015- C.I. dated 20th August, 2015
notified Updation of addresses of the Association/Federation of
Manufacturers of Consumer Items.
 AP Shah panel recommends MAT relief to FIIs prior to April 1, 2015. If this
view is accepted, it would mean a significant relief for foreign investors
facing several years of levies on capital gains made by them and the
resolution of a knotty problem for the government.
RBI/TAX LAW UPDATES
 Vide Notification No. RBI/2015-16/157 A.P. (DIR Series) Circular No. 9
dated 21 August, 2015 notified guidelines relating to Foreign Direct
Investment – Reporting under FDI Scheme on the e-Biz platform.
 Vide Notification RBI/2015-16/156 FIDD No. FSD.BC.12/05.10.001/2015-
16 dated August 21, 2015 issued Guidelines for Relief Measures by Banks
in Areas affected by Natural Calamities.
 Vide DVAT Notification No.F.10 (6)/Fin./Rev-1/2014-15/DSF-VI/671
dated 18/08/2015 notified the list of name of Appointment of DANICS
probationers as Luxury Tax Officers.
 Vide DVAT Notification No.F.10 (6)/Fin./Rev-I/2014-15/DSF-VI/672
dated 18.08.2015 notified the list of name of Appointment of DANICS
probationers as Entertain and Betting Tax Officers.
 Vide DVAT Notification No.F.10 (6)/Fin./Rev-I/2014-15/DSF-VI/673
dated 18.08.2015 notified the list of name of Appointment of DANICS
probationers as Assistant Commissioner (Excise).
MARKET UPDATES
SENSEX
27,366.07 -241.75
CNX NIFTY
8,299.95 -72.80
DOLLAR/ RUPEE
65.83 0.28
MCX SILVER
36,204.00 -106.00
MCX GOLD
27,216.00 367.00
MCX CRUDE OIL
2,690.00 -64.00
Dow Jones Industrial
average
16,459.75 -530.94
Nasdaq Composite
4,706.04 -171.45
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