Anil Kumar (looking for the best avenue) (303 Points)
27 January 2011What does Friday of the second preceding fortnight mean for maintenance of CRR and SLR in banking regulation act.
Please clarify with help of illustration .
CS Snehal
(Compliance Manager)
(346 Points)
Replied 28 January 2011
Fortnight”. (a) It shall mean the period from Saturday to second following Friday, both days inclusive.
Anil Kumar
(looking for the best avenue)
(303 Points)
Replied 01 February 2011
I already knew definition of FORTNIGHT but the meaning of the words " Friday of the second preceding fortnight" remain unexplained.
Sibapada Mukherjee
(Accounts Executive)
(24 Points)
Replied 12 February 2012
Dear Sir/ Madam 1. This is my quarries and for my knowledge that if a new born Puplic limited company which is not register by SEBI guidelines wants to issue Redeemable Preference Share to the market as private placement basic what are rules and regulation to be maintained by Limited Company as per companies Act. 2. What is the limit ( In Amount or Numbers ) to issue Redeemable Preference Share in Market as private placement basic Regards Sibapada Mukherjee Email ID:- Sibo_999 @ yahoo.co.in
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 14 February 2012
Example of Friday of second preceding fortnight:
1. Today is 14.2.2012 (Tuesday)
2. Preceding fortnight was from 28.1.2012 (Saturday) to 10.2.2012 (Friday).
3. Second preceding fortnight was from 14.1.2012 (Saturday) to 27.1.2012 (Friday).
Hence last Friday of second preceding fortnight was 27.1.2012.
Thanks
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