Wednesday 6 July 2016

Daily Updates and News

HIGH COURTS (ALTERATION OF NAMES) BILL, 2016:

The Union Cabinet has given its approval to The High Courts (Alteration of Names) Bill, 2016 to change the names of the High Courts based on the nomenclature cities they are located. Union Minister Shri Ravi Shankar Prasad announced that the Government has renamed the Bombay, Calcutta and Madras High Courts. These Courts, established after an order by Queen Victoria of Great Britain in 1862, will now be called of Mumbai, Kolkata and Chennai. However, the official release mentioned only the Mumbai and Chennai High Courts. The proposed Bill in consequence to the change in the names of these High Courts was prepared to fulfil demands of the respective State Government and the People.

SEBI:

The Securities and Exchange Board of India has revised the Format for Financial Results and Implementation of Ind-AS by Listed Entities. This Circular shall come into force with immediate effect and the contents of the circular dated November 30, 2015, shall stand modified to the extent stated under this circular. The existing formats prescribed in SEBI Circular dated November 30, 2015 for Unaudited/Audited quarterly financial results i.e. Statement of Profit and Loss and the Unaudited/Audited Half-Yearly Balance Sheet to be submitted by the listed entities, with the stock exchanges, shall continue till the period ending December 31, 2016.


Thanks & Regards,
Meetesh Shiroya

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