Balance sheet

Provisions for Enquiring Into Irregularities of Corporates

No instance of Satyam Computers like corporate fraud and malfeasance has so for come to light. Giving this information in written reply to a question in the Lok Sabha today, Shri Sachin Pilot, Minister for Corporate Affairs, said that alleged irregularities are enquired into through the following measures: ¢ Conducting technical scrutiny of the Balance… Read More

Tags: Balance sheetCompanies ActCompanies Act 1956Corporate Affairs MinistryLokSabhaRegistrar of CompaniesSachin PilotShri Sachin Pilot

Unsecured Exposure Norms for UCBs

RBI/2013-14/321 UBD CO BPD (PCB) Cir. No.29/13.05.000/2013-14 October 10, 2013 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir / Madam, Unsecured Exposure Norms for UCBs Please refer to our circular UBD BPD (PCB) Cir. No.45/13.05.000/2012-13 dated April 03, 2013 on the captioned subject exempting UCBs fulfilling certain conditions from the extant ceiling of 10%… Read More

Tags: Balance sheetDiode–transistor logicFiscal yearGeneral managerPrinted circuit boardReserve Bank of IndiaUrbanUrban area

Total Number of Companies in the Official Registry as recorded by MCA

As per the records of the Ministry of Corporate Affairs there were a total of 13.45 lakh companies in the official Registry as on 31st August 2013. However, out of these as many as 2.57 lakh companies have been closed and there are 30,127 companies that are in the process of being closed. Also, as… Read More

Tags: Balance sheetBusinessCompanies ActCompanies Act 1956Corporate Affairs MinistryGovernmentIndiaPublic company

CLR Snippets | MCA Statement on Complaints against Companies

During the last three years (i.e. 2010-11 to 2012-13), 154 complaints against companies have been received in the Ministry of Corporate Affairs. Giving this information in written reply to a question in the Rajya Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that inspections u/s 209A and/ or Investigations u/s 235 or scrutiny… Read More

Tags: Balance sheetCorporate Affairs MinistryFiscal yearIndiaNew DelhiRajya SabhaSachin PilotShri Sachin Pilot

RBI Notificaiton – Ready Forward Contracts in Corporate Debt Securities

RBI/2012-2013/525 UBD.BPD. (SCB). Cir.No. 4 /16.20.000/2012-13 June 10, 2013 The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative Banks Madam/Dear Sir, Ready Forward Contracts in Corporate Debt Securities Please refer to paragraph 77 of the Second Quarter Review of Monetary Policy 2012-13 (extract enclosed) and circular No.IDMD.PCD.1423/14.03.02/2012-13 dated October 30, 2012 (copy enclosed) in terms of… Read More

Tags: Balance sheetBankCorporate bondfinanceMonetary policyRepurchase agreementReserve Bank of IndiaStatutory Liquidity Ratio

RBI™s Technical Committee suggests Merger of Issue and Banking Departments Balance Sheet

The Reserve Bank of India placed on its website today, the report of the Technical Committee (Chairman: Shri Y. H. Malegam) set up to review the form of presentation of the Reserve Bank™s Balance Sheet and Profit & Loss Account. Some of the important recommendations made by the Technical Committee are: a) Form of Balance Sheet Merger of… Read More

Tags: AssetBalance sheetBusinessCentral bankFinancial servicesFinancial statementIncome statementReserve Bank of India

CLR Urgent :: New Norms for XBRL Filing

New norms have been put in place for Extensible Business Reporting Language (XBRL) filing with effect from 6th October, 2011 for select class of companies. For the financial years 2010-11 and 2011-12 a total of  2,90,39 and 2,57,86 companies respectively have filed their Balance Sheet using the revised XBRL norms. Giving this information in written reply to a question… Read More

Tags: Balance sheetICAIInstitute of Chartered Accountants of IndiaLok SabhaMinistry of Corporate AffairsSachin PilotTaxonomyxbrl

Penal Action Against Fraudulent Companies

Sachin Pilot, Minister for Coroporate Affairs During last five years i.e. from 2008-09 to 2012-13 a total of 782 inspection reports in respect of companies were received in the Ministry of Corporate Affairs. Based on the findings in the inspection reports, penal actions have been taken against the companies and their directors/officers in default for… Read More

Tags: Balance sheetCompanies ActCorporate Affairs MinistryMarket ResearchRajya SabhaSachin PilotThe Companies Act 1956xbrl

RBI proposes New Capital Adequacy Framework

RBI/2012-13/467 DBOD.No.BP.BC. April 02, 2013 All Scheduled Commercial Banks (Excluding Local Area Banks & Regional Rural Banks) Dear Sir/ Madam, New Capital Adequacy Framework- Non-market related Off Balance Sheet Items - Bank Guarantees Please refer to the Master Circular DBOD.No.BP.BC.16/21.06.001/2012-13 dated July 2, 2012 on ˜Prudential Guidelines on Capital Adequacy and Market Discipline- New Capital Adequacy Framework (NCAF)™.… Read More

Tags: Balance sheetBankBanking ServicesBusinessFinancial servicesLoanNew Capital Adequacy FrameworkSurety

RBI Clarifications on Treatment of Contingent Liabilities for Priority Sector Lending

RBI/2012-13/455 RPCD.CO.Plan. BC 70/04.09.01/2012-13 March 22, 2013 The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)] Madam/Dear Sir, Priority Sector Lending-Treatment of Contingent Liabilities Clarifications It has come to notice that some banks have included contingent liabilities/off-balance sheet items as part of priority sector target achievement. In this connection,… Read More

Tags: Balance sheetBusinessChairmanCommercial bankContingent liabilityFinancial servicesLoanRegional Rural Bank

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