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cskhanna

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CSoC Smart User
CSoC Smart User
Dear All,
SEBI vide its circular no. CIR/MIRSD/4/2011 has issued guidelines to All credit rating agencies to harmonize rating symbols and definitions (i) for easy understanding of the rating symbols and their meanings by the investors, and (ii) to achieve high standards of integrity and fairness in ratings.


Further, vide its circular no. CIR/MRD/DP/ 07 /2011, SEBI modified the conditions to be complied by companies in case they are seeking name change.
At present, it requires all listed companies seeking change of name to comply inter alia with the following provision:


At least 50% of its total revenue in the preceding 1 year period should have been accounted for by the new activity suggested by the new name.


Now, with modification, requirement for seeking change of name are as follows:


At least 50% of its total revenue in the preceding 1 year period
should have been accounted for by the new activity suggested by
the new name

Or


The amount invested in the new activity/project (Fixed Assets +
Advances + Works In Progress) is atleast 50% of the assets of
the company. The ‘Advances’ shall include only those extended
to contractors and suppliers towards execution of project, specific
to new activity as reflected in the new name.

Regards
ACS Pankaj Khanna

praveen999


CSoC Master
CSoC Master
thanks for sharing.............

rchgiri

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CSoC King
CSoC King
Thanks for sharing.

Soundharya


CSoC Master
CSoC Master
Thanks for the info sharing !

https://sounds-takeonit.blogspot.com

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