STI NEWS;"Retail investor can apply IPO at Discounted prices-SEBI"plus 3 more

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• Retail investor can apply IPO at Discounted prices-SEBI
• Can bank transfer money to IT department from an account on which prohibitory order u/s 132(3) clamped?
• PROVISIONING ON NPAS and RESTRUCTURED ADVANCES REVISED
• OPTION TO HOLD UNITS IN DEMAT FORM

Retail investor can apply IPO at Discounted prices-SEBI Posted: 19 May 2011 07:32 PM PDT In another move to make the IPO process more convenient and simple for retail investors, the Securities and Exchange Board of India (SEBI) through a May 16 circular said that it has decided to allow investors to apply for discounted prices. This means that if a company comes out with its public issue and offers it to retail investors a discount, then retail investors can apply for it at... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Can bank transfer money to IT department from an account on which prohibitory order u/s 132(3) clamped? Posted: 19 May 2011 07:17 PM PDT Investigation wing of the income tax department  , in very routine manner , put prohibitory orders on operation of bank accounts of persons on whom they suspect having black money.The power exercised by the income tax authority for issue of prohibitory order  emanate  from section 132(3) of the I T Act which is as under [...] Can bank transfer money to IT department from an account on which... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

PROVISIONING ON NPAS and RESTRUCTURED ADVANCES REVISED Posted: 19 May 2011 09:01 AM PDT RATES OF PROVISIONING FOR NPAS AND RESTRUCTURED ADVANCES REVISED Enhancement of Rates of Provisioning for Non-Performing Assets and Restructured Advances CIRCULAR NO. DBOD.NO.BP.BC. 94 /21.04.048/2011-12, DATED 18-5-2011 Please refer to paragraph 110 of the Monetary Policy Statement for the year 2011-12 (extract enclosed) wherein it was proposed to enhance the provisioning... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

OPTION TO HOLD UNITS IN DEMAT FORM Posted: 19 May 2011 08:54 AM PDT INSTRUCTIONS REGARDING OPTION TO HOLD UNITS IN DEMAT FORMOption to hold units in demat formCIRCULAR NO. IMD/DF/9/2011, DATED 19-5-2011 1. In terms of SEBI Circular CIR/IMD/DF/10/2010, dated August 18, 2010, on transferability of Mutual Fund units, all AMCs were advised to clarify by way of an addendum that units of all Mutual Fund schemes held in demat form shall be fully transferable. It... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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