MCA XBRL Validation Tool is likely to be revised for Ind AS Taxonomy on MCA21 XBRL portal Some eForms including AOC-4 (XBRL) is likely to be revised on MCA21 CRL-1 eForm likely to be deployed shortly for filing purposes on MCA21 Budget 2018 impact - Deemed dividends to now attract dividend distribution tax (See 'Corp Einsicht') Banking Act - Provisions of Sec 21A would not operate in a State where there is State Debt Relief Act for farmers: SC (See 'Legal Desk') New Automotive policy to curb emissions & boost R&D (See'TOG News') Govt proposes opening more school for tribal kids & giving MSP to tribal products (See'TOG News') Rajnath Singh urges constant vigilance to curb crime (See'TOG News') SBI says no to Nirav Modi but Rs 1,360 cr exposure to PNB (See 'Corpbrief') Easing of Access Norms for investment by FPIs (See 'Dashboard') UK's Development Finance Institution extends Rs 2,000 mn funds to Future Consumer Ltd TCS recognized as global top employer for third consecutive year BHEL commissions 18 MW Hydro-Electric Project in Punjab (See 'Corpbrief') PNB fraud fallout - Enforcement Directorate summons jeweller Nirav Modi (See 'TOG News' in Taxongo.com) SEBI Act - Noticee can be said to have failed in its duty by not taking SCORES authentication & not resolving investor grievances pending against it and hence liable for penalty: SEBI (See 'Legal Desk') Competition Act - Fuel Supply Agreement involving e-Auction for obtaining of Coking Coal, cannot be charged with abuse of dominant position, simply due to adoption of e-Auction: CCI (See 'Legal Desk') Adopting electric vehicles would reduce oil imports & pollution: Gadkari (See 'TOG News') BEML advances delivery of first intermediate car unit to BMRCL

Cabinet approves MoU between SEBI & FSC, Gibraltar

Published: Oct 12, 2017

By TIOLCORPLAWS News Service

NEW DELHI, OCT 12, 2017: The Union Cabinet chaired by the Prime Minister Mr Narendra Modi has given its approval for signing of a Memorandum of Understanding (MoU) between Securities and Exchange Board of India (SEBI) and Financial Services Commission (FSC), Gibraltar for mutual co-operation and technical assistance.

The MoU is likely to promote further development of economic links and cooperation between the two regulators and aims at creating conditions for an effective development of securities markets in the two countries. It would also contribute towards strengthening the information sharing framework between the two signatories. It is expected to add value to overseas mutual cooperation and regulation activities of SEBI and FSC, Gibraltar.

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