“When a man has put a limit on what he will do, he has put a limit on what he can do.” – Charles M Schwab.
We talk of political freedom, religious freedom, economic freedom, gender freedom, freedom from corruption, freedom from discrimination, freedom ‘from’ and freedom ‘to’ many things.But have we ever thought what are we doing with the freedom that we already have ? We are curbing it many a times
, because we are imprisoned in our own limitations, perceptions, narrow understandings and shallow thoughts of boundaries, boxes, circles. The limitless energy and power within us is untapped, unchartered, clamped and smothered because we don’t believe in ourselves. The free spirit of enquiry and imagination as a child suddenly gives way to lame acceptance, fear of failure, false sense of security and success as an adult. We are afraid to exercise the freedom we have because we fear risking. We start setting caps that limit us from doing what we can.
Can we unshackle ourselves and utilize the freedom that we already have ? Can we start believing in the infinite power of the self and see the difference it makes to our lives and others around us ?
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To strengthen the infrastructure sector, RBI has permitted Holding Companies & Core Investment Companies to raise External Commercial Borrowing (ECB) for project use in Special Purpose Vehicles (SPVs) subject to certain terms and conditions, viz.:
SPV implements the infrastructure projects
ECB is used for fresh capex or refinancing of rupee loan
ECB to be parked in a separate escrow account
Status Holder Manufacturer Exporter with a clean track record can now issue a LUT (Letter of Undertaking) for 25% of the bond amount instead of a BG (Bank Guarantee) for export warehousing of excisable goods for a period of 6 months with permitted extension.
It may also be noted that after expiry of the warehousing period, it shall be treated as deemed removal of goods for home consumption and accordingly customs duty with interest at the rate of 24% p.a. shall be payable by the exporter.
Timeline for alignment of existing employee benefit schemes with the SEBI (Employee Stock Option Scheme & Employee Stock Purchase Scheme) Guidelines, 1999 has been extended upto 30th June, 2014 from the existing time limit of 31st December, 2013.
SEBI, vide its circular, has issued revised format for disclosure of Statement of Assets and Liabilities in offer document, which is in line with the revised Schedule VI of the Companies Act, 1956 and Schedule III of the Companies Act, 2013 . Necessary amendments to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 are being carried out.
As a part of simplifying process for Demat Account opening, SEBI has replaced the existing “Beneficial Owner-Depository Participant Agreements” with a common document “Rights & Obligations of the Beneficial Owner & Depository Participant”.
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taken or proposed to be taken must be in consultation with professionals and not
merely based on the articles / news updates. Lex Valorem disclaims all liability on action taken without professional advice.