Bizbits

Companies told to reveal SSI dues

NEW DELHI: The Department of Company Affairs (DCA) has made it obligatory for companies to disclose in their balance sheets the outstanding dues owed by them to small scale industrial undertakings for sum of Rs one lakh or more which is outstanding for more than 30 days. The DCA notice was issued in this respect on February 22 amending Schedule IV of the Companies Act, 1956.

EU-India trade show in Delhi

MUMBAI: Around 355 Indian enterprises fromsix key industrial sectors have been selected to participate in the two-day EU-India Partenarait’ 99 to be held at Pragati Maidan, New Delhi on March 15 and 16. The first (EU ASEAN Partenarait’97) was held in Singapore in 1997. It was launched as a joint initiative by the government of India and the European Commission in May 1988.

NSE trading

MUMBAI: The capital market of the National Stock Exchange (NSE) will remain closed from 11 am to 11.35 am between March 8 to 19 as the VSATs on the NSE satellite based communication network may lose connectivity during the period. Network Operations Control Centre (NOCC) of the Department of Telecom (DoT) has communicated to the NSE that there would be sun outage from March 5 to March 19 at different times across the country due to which the VSATs on the NSE satellite based communication network may lose connectivity during March 8 to 19, an NSE release said today. In order to compensate for the lost time, the market timings will be extended by 40 minuteson all these days.