My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
Mukan and Sumitomo Corporation, Japan to form JV
Mar 30,2017

Mukand (Mukand) and Sumitomo Corporation, Japan (SC) have agreed to enter into a joint venture to engage in the business of rolling and finishing of alloy steel. A share subscription and shareholders agreement was signed between the parties in Tokyo, Japan on 30 March 2017. The joint venture will be undertaken through Mukand Alloy Steels (MASPL).

Powered by Capital Market - Live News

Mukand and Sumitomo Corporation, Japan to form JV
Mar 30,2017

Mukand (Mukand) and Sumitomo Corporation, Japan (SC) have agreed to enter into a joint venture to engage in the business of rolling and finishing of alloy steel. A share subscription and shareholders agreement was signed between the parties in Tokyo, Japan on 30 March 2017. The joint venture will be undertaken through Mukand Alloy Steels (MASPL).

Powered by Capital Market - Live News

United Bank of India issues AT-I bonds aggregating Rs 200 crore
Mar 30,2017

United Bank of India announced that on 29 March 2017 it has concluded the issuance of 2000 units of 12% unsecured, subordinated, fully paid up, non convertible, limited, Basel III Compliant, Perpetual Debt Instruments (Series II) in the nature of Debentures for inclusion in Additional Tier I capital of face value of Rs 10 lakh each of Rs 150 crore with green shoe option of Rs 50 crore aggregating up to Rs 200 crore on private placement basis.

Powered by Capital Market - Live News

Memorandum on Pilot Project for Electronic Cargo Tracking System to facilitate transit cargo movement between India and Nepal to be signed
Mar 30,2017

A Memorandum of Intent (MOI) on India-Nepal Electronic Cargo Tracking System (ECTS) Pilot Run will soon be signed by the Governments of India and Nepal to facilitate movement of traffic-in-transit belonging to Nepal from the port of arrival in India to Nepal. The India-Nepal pilot aims to demonstrate the benefits, especially in terms of reduced costs, of the ECTS system.

The pilot project will be supported by the Asian Development Bank (ADB) under the South Asia Subregional Economic Cooperation (SASEC) Trade Facilitation Strategic Framework, and its success will serve as the basis for its use in other SASEC corridors as well as in inland movement of cargo.

Currently clearance is done through physical inspection and it is time-consuming as well as costly for business. The MOI will include use of Electronic Cargo Tracking System (ECTS) to follow the cargo (containers and full-body trucks) as it moves from port of arrival through India, to the Nepal border. ECTS will lead to reduced cost and time as it speeds up cargo clearance at border crossings.

Electronic Cargo Tracking System uses technology such as satellite positioning systems, cellular communications, radio frequency (RF) identification, web-based software and others, to ensure the security of cargo and avoid any interference in transit.

ECTS pilots have already been done along the Kolkata-Jaigaon-Phuentsholing route between India and Bhutan, and for inland transshipment in India.

Powered by Capital Market - Live News

TVS Motor Company commences manufacture and sale of BS IV compliant vehicles
Mar 30,2017

TVS Motor Company announced that the Company is fully geared up to meet the new emission guidelines and had already commenced manufacture and sale of BS IV compliant vehicles to the dealers. The Company has advised its dealers to strictly comply with the order of the Honble Supreme Court and sell the BS III compliant stocks with them on or before 31 March 2017.

The Honourable Supreme Court has passed an order dated 29 March 2017 stating that only vehicles, which meet BS IV emission standards can be sold and registered with effect from 1 April 2017.

Powered by Capital Market - Live News

Indo Count Industries gets ratings assigned for credit facilities
Mar 30,2017

Indo Count Industries announced that ICRA has assigned ratings for enhanced credit facilities of Rs 240 crore of the company as under -

Long term bank facilities - ICRA AA-/ Stable Outlook
Short term bank facilities - ICRA A1+

Powered by Capital Market - Live News

Shriram Transport Finance Company allots NCDs aggregating Rs 380 crore
Mar 30,2017

Shriram Transport Finance Company announced that the Allotment Committee - NCDs of the Company in its meeting held on 30 March 2017, approved and allotted 3800 Secured Redeemable Rated Listed Non-Convertible Debenture of face value of Rs. 10,00,000/- (Rupees Ten Lakh only) each, aggregating to Rs. 380 crore on private placement basis.

Powered by Capital Market - Live News

Larsen & Toubro Infotech announces change in compliance officer
Mar 30,2017

Larsen & Toubro Infotech has accepted the resignation of Rajesh S. Narang as Company Secretary and Compliance Officer with effect from 30 March 2017. The Company has designated Angna Arora, Head-Secretarial as the Compliance Officer of the Company w.e.f. 31 March 2017.

Powered by Capital Market - Live News

Vama Industries secures new order
Mar 30,2017

Vama Industries has received an order worth Rs 12.32 crore from DRDO.

Powered by Capital Market - Live News

Environment Minister Launches Online Filing of Access and Benefit Sharing Applications
Mar 30,2017

Taking yet another important step towards contributing to and promoting Digital India and Ease of Doing Business, Minister of State (Independent Charge) of Environment, Forest and Climate Change, Shri Anil Madhav Dave, launched the online filing of Access and Benefit Sharing (ABS) applications through videoconferencing, here today. Emphasising that the meaning of good governance lies in making processes transparent, Shri Dave said that the Prime Minister, Shri Narendra Modi, inspires everyone to embrace E-governance. The Environment Minister expressed the hope that E-governance will be made 100% operational in the near future and all the processes of the Ministry will be made fully transparent.

Secretary, Ministry of Environment, Forest and Climate Change, Shri Ajay Narayan Jha, said that digital technology must be accessed not only to promote Ease of Doing Business, but also to facilitate transactions for the general public. Shri Jha expressed the hope that NBA will put all the other processes in a digital format, so that the people who used these services are served in a better manner.

The National Biodiversity Authority (NBA), teamed up with the National Informatics Centre (NIC), to launch the Online Filing of Access and Benefit Sharing (ABS) Applications at - www.nbaindia.org - to enable E-filing of applications. Applications seeking such approval are to be made on the appropriate forms available online. If Indian or foreign individuals and entities like registered companies wish to access biological resources and associated knowledge to carry out various activities, prior approval of NBA, or the State Biodiversity Boards is a pre-requisite. NBA will adhere to stipulated timelines to process applications. With the process being made online, the attempt is to address these issues better and also to keep pace with digitisation.

The online portal is in sync with the Governments policy of n++Digital Indian++. The NBA website hosts the detailed procedure to be observed for filing of applications, the key information required and information regarding the supporting documents that are to be filed by applicants. This online process is user-friendly and has salient features such as editing, reviewing, printing, digital signature, online payment of fee. These features are expected to considerably reduce the processing time of applications. For any new user, the portal provides a step-by-step guide, right from choosing the relevant form, to submission. Tool tips/pop up messages are provided to assist the applicants in filling up the columns in the application. The portal also provides the facility for making online payment of application fee before submission of the application. Once the online portal is fully operational, it is expected to ease the submission of application and speed-up the process of granting approvals by NBA. As part of n++Digital Indian++ policy, Genetic Engineering Approval Committee (GEAC) will also accept online application, which will help in tracking applications and reducing delays.

The primary factor to be ascertained before filing any application in NBA is to identify whether the applicant is dealing with a biological resource, as defined by the Biological Diversity Act. Applications are scrutinized at different levels, before the Authority decides to grant approval. Till date, over 1, 600 applications have been received and 980 applications have been cleared. A total of 440 agreements have been signed by the NBA with the applicants, which is construed as an approval.

In the past, a large number of applications could not be processed, as they lacked important information/documents needed for scrutiny.

The National Biodiversity Authority (NBA) is a statutory body established under the provisions of the Biological Diversity Act (2002). NBA performs facilitative and advisory functions for the Government of India on issues of conservation, sustainable use of biological resources and fair and equitable sharing of benefits arising out of the use of biological resources.

Powered by Capital Market - Live News

The MCA has undertaken a major reform in the regulation of combinations under the Competition Act, bringing India in line with the global practice
Mar 30,2017

The Ministry of Corporate Affairs (MCA) has undertaken a major reform in the regulation of combinations under the Competition Act, bringing India in line with the global practice. The Act which was passed by Parliament in 2002 had initially provided for notice of combinations to be given by enterprises, as per Section 5 of the Act, on a voluntary basis. However, this Section was amended in 2007 making the notice mandatory.

In 2011, in response to concerns expressed by various stake holders, the Government had issued a notification exempting an enterprise, whose control, shares, voting rights or assets are being acquired has either assets of the value of not more than Rs. 250 crores in India or turnover of not more than Rs. 750 crores in India from the applicability of Section 5 of the Competition Act, 2002, for a period of 5 years. These limits were enhanced to Rs. 350 crores and Rs. 1000 crores, respectively, in March, 2016.

It was, however, noted by the Government that the said notification was being applied to Combinations which resulted only from acquisition but was not extended to Merger/Amalgamation and Acquiring of Control Cases. It was also noted that where only a segment/portion/business of an enterprise was being combined with another enterprise, the relevant assets and turnovers attributable to the target segment/portion/business were not being considered and instead the transferors total assets and turnover were being considered for determining the applicability of the exemption.

Stakeholders had been voicing their concerns over the issue and in keeping with the Governments principle of Minimum Government and Maximum Governance, the Ministry has issued fresh notifications No. S.O. 988 (E) and No. S.O. 989(E) dated 27.03.2017 wherein, the Central Government intends to provide

(i) Clarity on the applicability of the threshold exemption limits to all forms of combinations as referred under Section 5 of the Act.

(ii) Clarity on the methodology to be adopted for calculating the relevant assets and turnover of the target when only a portion or segment or business of one enterprise is being combined with another.

With the issue of these notifications, combinations falling within the threshold limits would not require to be filed before the Competition Commission of India. The reform is in pursuance of the Governments objective of promoting Ease of Doing Business in the country and is expected to make India a more attractive destination for Foreign Direct Investment. The notification is expected to enable greater freedom to industry in taking legitimate business decisions towards further accelerating Indias economic growth.

Powered by Capital Market - Live News

Outcome of board meeting of Navkar Corporation
Mar 30,2017

Navkar Corporation announced that the Board of Directors of the Company at its meeting held on 30 March 2017 has transacted the following -

Approved the Scheme of Amalgamation of Navkar Terminals (transferor company) into Navkar Corporation (transferee company).

Took on record Independent Valuation Report submitted by M/s Thadani & Company,and Fairness Opinion issued by M/s Choice Capital Advisors, SEBI registered Category I Merchant Bankers.

Recommended and approved, subject to the approval of the shareholders, to vary the terms of the objects as stated in the prospectus dated 29 August 2015 issued by the Company in relation to its initial public offering and approved the Notice of Postal Ballot.

Powered by Capital Market - Live News

Board of Stellar Capital Services approves appointment of company secretary and compliance officer
Mar 30,2017

Stellar Capital Services announced that the Board of Directors at its meeting held on 30 March 2017 have consider and approve the appointment of Priya Datta Joshi, an Associate member of Institute of Company Secretaries of India as the Company Secretary and Compliance officer of the Company.

Powered by Capital Market - Live News

Board of Shailja Commercial Trade Frenzy appoints director
Mar 30,2017

Shailja Commercial Trade Frenzy announced that the Board of Directors of the Company at their meeting held on 30 March 2017, considered and approved the appointment of Deepak Diwan Bachwani as an Additional Executive Director.

Powered by Capital Market - Live News

Swarna Securities announces change in directorate
Mar 30,2017

Swarna Securities announced that Eswar Chandra Vidya Sagar has been appointed as Independent Director of the Company and Karunakar has been releaved from the Company.

Powered by Capital Market - Live News