Newsletter dated 4th June,2015

1. PGC NEWSLETTER 1
PGC
NEWSLETTER
4th
June, 2015
THOUGHT OF THE DAY
“ The beautiful thing about learning is that no one can take it away
from you ...”
ECONOMIC UPDATES
 Non-repatriable investments by NRIs, OCIs and PIOs will be
treated as domestic investments and will not be subject to foreign
direct investment caps, the commerce and industry ministry today
said. It has been decided to amend the definition of NRIs as
contained in the FDI policy. The government has also notified
increase in FIPB's power to recommend foreign investment
proposals of up to Rs 3,000 crore from the earlier Rs 2,000 crore.
 Govt. eases approval norms for foreign equity inflows via Govt.
Route; amends Consolidated FDI policy (Press note No-6(2015
Series issued by Department of Industrial Policy and Promotion).
SEBI/CORPORATE UPDATES
 Versions of E-Forms INC-1, INC-21 and DIR-3 are modified w.e.f
4th June 2015. Stakeholders are requested to plan accordingly.
 Stamp duty in the State of Rajasthan for change in authorized share
capital of a company is changed vide Notification 'F.4
(15)/FD/Tax/2014-60' dated 14th July 2014 by the Finance
(Taxation) Department of the Government of Rajasthan amending
the Article 11 part-I of the Schedule of the Rajasthan Stamp Act,
1998.
 Stamp duty in the State of Kerala for registration of Memorandum
of Association of a proposed company is changed vide Finance Bill
2015 with effect from 1st April 2015
 With the new Companies Act in place, company secretaries (CS)
like other statutory auditors can now act as whistleblowers if they
detect any fraud. There is a provision of whistle blower in the new
Companies Act, 2013 and has now been mandated in the new act.
HISTORICAL EVENT
 In 1979, Joe Clark is sworn in as the youngest Prime Minister in
Canadian history.
MARKET UPDATES
SENSEX
26,850.81 13.61
CNX NIFTY
8,142.20 7.10
DOLLAR/ RUPEE
64.15 0.24.
MCX SILVER
38,000.00 52.00
MCX GOLD
26,845.00 37.00
MCX CRUDE OIL
3,838.00 13.00
Dow Jones Industrial
average
18,076.27 64.33
Nasdaq Composite
5,099.23 22.71
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