TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Companies Can Avoid Penalties on Pre-2014 Securities by Offering Refunds with Interest; Chartered Accountant Certification Required.</h1> The circular outlines procedures for handling cases before April 1, 2014, where companies offered or allotted securities to more than 49 but up to 200 investors in a financial year. Previously, such offers were considered public offers, requiring compliance with the Companies Act, 1956, and SEBI guidelines. To avoid penalties, companies can allow investors to surrender securities for a refund with 15% annual interest. Refunds must be processed through banking channels, and companies can deduct previously paid amounts. A Chartered Accountant must certify compliance, and stock exchanges must inform listed entities and publish the circular on their websites.
TaxTMI 
TaxTMI 
