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As the TReDS will be a payment system authorised under the PSS Act , an elaborate four-tiered structure of application processing was adopted for this purpose.

The Governor, in his statement on September 04, had announced the intention to facilitate Electronic Bill Factoring Exchanges in the country, which could electronically accept and auction MSME bills against large companies so that MSMEs could be paid promptly.

Entities interested in setting up and operating TReDS were advised to apply for authorisation till February 13, which was further extended upto March 09, The first tranche of Sovereign Gold Bonds was open for subscription from November 5 to November 20, The bonds were to be issued on November 26, Large number of applications has been received by banks and post offices.

To enable smooth uploading of applications into RBI's E-kuber system, particularly by the post offices, it has since been decided to shift the issue date of the Sovereign Gold Bond from November 26, to November 30, Other terms and conditions of the above circulars remain unchanged.

This is a step towards simplification of tax laws, which is expected to bring about transparency and clarity. The Government proposes to implement this decision in the following manner:.

Similarly the sunset dates provided in the Act will not be extended. Based on the above principles, the details of the phasing out plan to be implemented are as under:.

This is proposed to be made applicable from The new rate is proposed to be made applicable to all the assets whether old or new falling in the relevant block of assets.

However, in case of a cold chain facility, warehousing facility for storage of agricultural produce, an affordable housing project, production of fertiliser etc.

It is proposed that no weighted deduction will be allowed on any specified business w. It is proposed to provide that —.

Y , and. It is proposed to provide a sunset date of A Development, operation and maintenance of infrastructure facility [Section IA 4 i ].

No issue of shares on a preferential basis can be made by a company unless authorized by its articles of association and unless a special resolution is passed by the members in a General Meeting authorizing the Board of Directors to issue the same.

Prepare Explanatory statement to the special resolution. Explanatory statement should contain the matters specified in section Allotment shall be completed within twelve months from the date of passing of the special resolution.

Price of the shares shall be determined based on the valuation report of a registered valuer. Step 6: A return of allotment of securities shall be filed with the Registrar within thirty days of allotment in Form PAS-3 and with the fee as provided in the Companies Registration Offices and Fees Rules, along with a complete list of all security holders.

List of Allotees. Copy of Board resolution. Copy of Special Resolution.

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