Industrial Park recognition under section 80-IA(4)(iii): tax benefits conditional on infrastructure standards, unit thresholds and compliance.
The Central Government notifies the industrial park at Mewar Industrial Area (Extn.), Udaipur, developed and operated by M/s. Rajasthan State Industrial Development and Investment Corporation Limited, as an industrial park for the purposes of section 80-IA(4)(iii), subject to conditions including minimum infrastructure investment thresholds, specified infrastructure components provided on commercial terms, allocation and unit occupancy limits, a minimum number of operational units before tax benefits can be claimed, required approvals for foreign investment, continuance of operation by the developer, notification requirements on transfer, and grounds for invalidation or withdrawal for non-compliance or misinformation.

Industrial Park recognition under 80-IA(4)(iii) conditions tax benefit eligibility on infrastructure, minimum units, and compliance.
The Central Government notifies M/s. Rajasthan State Industrial Development & Investment Corporation Limited's Balotra Industrial Park as qualifying under 80-IA(4)(iii), subject to Annexure conditions: 49.61 acres, 100% industrial allocation, minimum 83 units, specified project and infrastructure investments, and commencement date. Minimum infrastructure expenditure thresholds apply (50% generally, 60% where built-up space is provided). No single unit may occupy more than fifty percent of allocable industrial area. Separate statutory approvals are required. Tax benefits accrue only after the required number of units locate in the Park. Approval may be invalidated or withdrawn for misinformation, non disclosure, unauthorized amendments, or non compliance; transfers of operation require formal intimation.

Industrial Park designation: tax benefits contingent on compliance with infrastructure investment, unit thresholds and approval conditions.
The Central Government notifies M/s Rajasthan State Industrial Development & Investment Corporation Limited's project at Zadri Falna as an Industrial Park for purposes of clause (iii) of sub-section (4) of section 80-IA, subject to Annexure conditions: specified area and allocable shares, minimum number of units, proposed investments and commencement date. Tax benefits depend on meeting minimum infrastructure investment thresholds, provision of enumerated common facilities, limits on single-unit occupation, continued operation by the notifier, prescribed approvals, and compliance with reporting and transfer-intimation requirements; noncompliance, misinformation, delayed commencement, or unauthorised amendments invalidate approval.

Show cause notice power clarified: Enquiry Officers may require intermediaries to explain alleged contraventions before further action.
Where an Enquiry Officer is appointed and finds reasonable grounds, he may issue a show cause notice to the intermediary calling for an explanation why further action should not be taken, specifying the nature of the alleged contraventions; the amendment also omits clause (i) of regulation 15 and deletes the second proviso to regulation 16(1).

Regulatory corrigendum: amended short titles and citation wording for SEBI takeover and enquiry procedure regulations updated.
The corrigendum corrects the short titles and Regulation 1 wording of three SEBI notifications so that S.O. No.5(E) reads as the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2005 with Regulation 1 clause (i) stating that these regulations may be called by that short title; S.O. No.28(E) reads as the Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) (Amendment) Regulations, 2005 with Regulation 1 restated accordingly; and S.O. No.779(E) reads as the Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) (Second Amendment) Regulations, 2005 with Regulation 1 restated accordingly.

Foreign investor categories expanded; new institutional and governmental entities eligible, mandatory Form AA for sub-accounts and updated application forms.
Amendments broaden eligible foreign investor categories to include pension funds, mutual funds, investment trusts, insurance/reinsurance companies, international or multilateral organisations, foreign governmental agencies and foreign central banks, and clarify that asset managers, investment managers/advisors, nominee companies, banks and institutional portfolio managers may invest on behalf of broad-based and proprietary funds. The rules require sub-account registration using Form AA, joint undertakings between applicants and sponsoring FIIs as per Form AA, and replace Form A and Form AA with comprehensive application templates setting out identity, regulatory, custodian and bank details, fund particulars, disclosures, and undertakings.

Fee schedule for buy-back filings: merchant bankers must pay tiered regulatory fees based on offer size upon submission.
Amendment to Schedule IV of the SEBI (Buy-Back of Securities) Regulations replaces paragraph (1) to require every merchant banker, while submitting the offer document or a copy of the public announcement to the Board, to pay fees pursuant to a tiered schedule based on the offer size. The amendment is titled as the 2006 Amendment Regulations and comes into force on publication in the Official Gazette, thereby modifying the principal 1998 Buy-Back Regulations.

Takeover fee rules updated to impose a graduated filing fee structure linked to offer size and increased penalties.
Revision increases specified penalties in regulation 3(5) to twenty five thousand rupees and in regulation 4(3) to one lakh rupees, and replaces regulation 18(3) with a substituted provision requiring acquirers to pay a graduated fee on filing the draft letter of offer with the Board, payable by banker's cheque or demand draft to the Securities and Exchange Board of India, payable at Mumbai, with fees linked to the offer size including fixed bands and a percentage-based fee for the largest offers.

Physical fitness requirement for appointments: Board must ensure candidates are agile and physically capable before appointment.
Amendment to regulation 4(2) of the Central Listing Authority Regulations, 2003 inserts a proviso requiring the Board to be satisfied that any person appointed as President, Vice President or Member is agile and physically capable of carrying out the duties of the office; the amendment takes effect on publication in the Official Gazette.

Renewal of recognition: exchange authorised to trade in securities under the Securities Contracts (Regulation) Act for a fixed one year term.
SEBI considered the application and, being satisfied it was in the interest of trade and public interest, grants renewal of recognition to Pune Stock Exchange Limited under the Securities Contracts (Regulation) Act for a term commencing 2nd September, 2006 and ending 1st September, 2007, in respect of contracts in securities, subject to conditions as may be prescribed or imposed hereafter.

Document endorsement requirements mandate company number, unique identifier and digital or Registrar authentication on filed documents.
Regulation 19 requires every document registered, recorded, or filed with the Registrar to bear the company number from the Register of Companies, a unique document number, and the date of registration; endorsements must be signed and sealed by the Registrar or authenticated by a valid computer-generated digital signature, and where endorsement cannot be entered on the document, a signed separate attachment is required for physical documents while electronic documents must carry an authenticated digital endorsement.

Export prohibition on bone in meat; boneless meat exports allowed subject to veterinary certification and quality control conditions.
The amendment classifies fresh, chilled and frozen meat headings and imposes export prohibitions on carcasses and bone in cuts of buffalo, sheep and goat, while permitting boneless meat exports subject to a veterinary certificate confirming animals were not used for breeding or milch purposes and compliance with prescribed quality control and inspection requirements.

Industrial Park Notification: designation of a private-developed park with conditional tax incentive eligibility and compliance requirements.
Notification under clause (iii) of sub section (4) of Section 80 IA designates M/s. Meenakshi Infrastructures Private Limited's ''E Park'' as an Industrial Park for tax incentive purposes, subject to conditions including specified area and activity allocations, minimum number of industrial units, prescribed minimum infrastructure investment proportions, separate statutory approvals for foreign investment, requirement that the minimum units be located before tax benefits can be availed, continued operation by the developer during the benefit period, procedures for transfer notification, and grounds for invalidation or withdrawal of approval for misrepresentation, nondisclosure, unauthorized project amendments, or noncompliance.

Industrial Park approval under section 80 IA(4)(iii) conditions tax benefits on infrastructure thresholds, unit occupancy limits and compliance.
The Central Government notifies M/s Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, as an Industrial Park under clause (iii) of sub section (4) of section 80 IA, subject to annexure terms including park location, area, allocable industrial/commercial split, minimum number of units, proposed investments and commencement date; infrastructure expenditure minima (50% or 60% where built up space provided); infrastructure definition; 50% cap on single unit occupancy; separate regulatory approvals for foreign investment; tax benefits contingent on locating the minimum units; operator continuity; transfer intimation requirement; and invalidation or withdrawal for misinformation, unauthorized amendments, or noncompliance.

Tax incentive for industrial park approval conditioned on infrastructure expenditure, unit thresholds and compliance obligations.
Notification designates M/s. Roma Builders Private Limited's undertaking as an Industrial Park under clause (iii) of sub-section (4) of Section 80-IA, subject to annexed terms: identified project particulars (location, area, NIC-coded activities, allocable area split, minimum units, commencement date, and investment), mandatory infrastructure expenditure thresholds, definition of infrastructure, cap on individual unit occupancy of allocable industrial area, requirement to obtain statutory approvals, a unit-threshold condition before tax benefits vest, ongoing operational requirement by the developer, transfer notification procedures, and provisions for invalidation or withdrawal of approval for misrepresentation or non-compliance.

Industrial Park notification permits Section 80IA tax incentives subject to compliance, minimum units, infrastructure and approval conditions.
Notification designates M/s Infinity Infotech Parks Limited's undertaking as an Industrial Park under clause (iii) of Section 80IA(4), subject to annexed conditions including location, area, permitted activities, 92% allocable industrial area, minimum 32 industrial units, specified investment commitments, minimum infrastructure expenditure thresholds, common infrastructure requirements, a cap where no single unit may occupy more than fifty percent of allocable industrial area, requisite statutory and foreign investment approvals, operation and maintenance obligations, transfer intimation requirements, and invalidation or withdrawal for non compliance or misinformation.

Industrial Park designation under Section 80-IA(4)(iii) enables tax benefit eligibility subject to infrastructure, unit-count, and compliance conditions.
Notification designates M/s. Magarpatta Township Development and Construction Company Limited's Cybercity Magarpatta as an Industrial Park for purposes of Section 80-IA(4)(iii), specifying location, 52,666.82 sqm allocable area reserved 100% for industrial use, software supply services activity, minimum 12 units, and tower commencement dates. Conditions require minimum infrastructure expenditure thresholds (50% generally; 60% where built-up industrial space is provided), defined common infrastructure, a cap of 50% occupiable area per unit, separate statutory approvals, operation by the notifying undertaking while benefits are claimed, transfer intimation procedures, and invalidation/withdrawal for misrepresentation, nondisclosure, unauthorized amendments, or non-compliance.

Mutual Fund overseas investment permitted within RBI specified limits, subject to authorised dealer routing and SEBI conditions.
The amendments remove mutual funds from regulation 6B and insert regulation 6C permitting Investment by Mutual Funds: registered mutual funds may invest within RBI specified limits in overseas listed shares, rated bonds/fixed income securities, exchange traded funds or other RBI stipulated securities, with every purchase and sale routed through the designated branch of an authorised dealer. Regulation 26 is replaced to subject mutual funds' foreign securities purchases to these regulations and any additional terms and conditions notified by the securities regulator.

Customs appointment: Commissioner authorised to adjudicate DRI-issued show cause notices relating to a specified importer.
The Central Board of Excise and Customs appoints and authorises the Commissioner of Customs (Inland Container Depot), Tughlakabad, New Delhi, to exercise the powers and duties of specified customs adjudicating officers for the sole purpose of adjudicating show cause notices issued by the Directorate of Revenue Intelligence in relation to M/s. Vacations Travels & Tours (P) Ltd and others.

Appointment of Special Adjudicators empowers a Commissioner to exercise adjudicatory authority for specified customs show-cause proceedings.
The notification delegates adjudicatory authority under the Customs Act by appointing a designated Commissioner of Customs to exercise the powers and duties of specified officers for particular DRI show-cause notices, assigning responsibility for adjudicating the identified proceedings to named Commissioners at the relevant ports.