Buy back of Shares – Need of Listed and Unlisted Companies
Buy back of Shares: Need of Listed and Unlisted Companies Ishwar Ahuja & Isha Gandhi* Outline When Companies with outstanding businesses and comfortable financial positions find their shares selling far below the intrinsic value in the marketplace, no alternative action can benefit shareholders as surely repurchases. - Warren Buffett The term Buy back has two… Read More
Tags: Bank of England, Companies Act, Companies Act 1956, Diluted earnings per share, India, Public company, Securities and Exchange Board of India, Warren Buffett
RBI’s clarification on Scribbling on Banknotes
In the wake of rumours circulating in the market that from January 1, 2014, banks will not accept banknotes with anything written on them, the Reserve Bank has urged members of public not to fall prey to such rumours and to use their banknotes without any fear. The Reserve Bank of India has clarified it… Read More
Tags: Bank of England, Banknote, Central bank, Clean Note Policy, January 1 2014, Mark Carney, Polymer banknote, Reserve Bank of India
RBI Clarification w.r.t. Alternative Avenues for Distribution of Banknotes and Coins
RBI/2013-14/244 DCM (Plg) No.G12/10.65.03/2013-14 September 10, 2013 The Chairman & Managing Director / Chief Executive Officer (All Scheduled Commercial banks including RRBs) Madam/ Dear Sir, Monetary Policy Statement for 2013-14 - Distribution of Banknotes and Coins Alternative Avenues Please refer to Para 110 of the Monetary Policy Statement 2013-14 wherein it was stated that With… Read More
Tags: Bank of England, Banknote, Cash in Transit, Commercial bank, Mark Carney, Monetary policy, Polymer banknote, Winston Churchill
RBI Notification on Clean Note Policy
RBI/2013-14/183 DCM (NPD) No. G-11 /09.39.000 /2013-14 August 14, 2013 The Chairman and Managing Director / The Chief Executive Officer All Banks (including Co-operative banks and RRBs) Madam / Dear Sir, Clean Note Policy Please refer Bank™s directive vide DBOD No. Dir. BC. 43/13.03.00/2001-02 dated November 07, 2001 and circular DCM (NPD) No. 5133/09.39.000/2012-13 dated May 10, 2013 on… Read More
Tags: Bank, Bank of England, Banking Services, Banknote, Business, Financial services, Jane Austen, Mark Carney
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