Exchange-traded fund

RRBs – Lending against Gold

RBI/2012-13/541 RPCD. RRB. BC. No. 79/03.05.33/2012-13 June 25, 2013 All Regional Rural Banks Dear Sir/Madam Lending against Gold Please refer to paragraph 98 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 on lending against gold, proposing to restrict the facility of advances against the security of gold coins per customer to gold coins weighing… Read More

Tags: Central bankExchange-traded fundGold coinGold exchange-traded productLoanMonetary policyMutual fundPrecious metal

RBI Clarification on NBFCs finance for Purchase of Gold

RBI/2012-13/510 DNBS.CC.PD.No.326/03.10.01/2012-13 May 27, 2013 To All NBFCs Dear Sir, NBFCs  finance for Purchase of Gold In terms of extant guidelines issued vide circular DNBS.CC.PD.No.265/03.10.001/2012-13 dated March 21, 2013 no advances should be granted by NBFCs against bullion / primary gold and gold coins. 2. It is clarified that no advances should be granted by NBFCs… Read More

Tags: Exchange-traded fundGoldGold coinGold exchange-traded productMutual fundPrecious metalReserve Bank of IndiaRun batted in

RBI Clarification on Lending against Gold

RBI/2012-13/509 DBOD. No. Dir. BC. 96/13.03.00/2012-13 May 27, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Lending against Gold Please refer to paragraph 98 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 (extract enclosed) on lending against gold, proposing to restrict the facility of advances against the security of gold coins… Read More

Tags: Central bankExchange-traded fundGold coinGold exchange-traded productLoanMonetary policyMutual fundPrecious metal

Clarifications on Gold Deposit Scheme

CIRCULAR DBOD. No. IBD.BC.81/23.67.001/2012-13 Dated 14/02/2013 The Central Government, with a view to bringing privately held stock of gold in circulation, reduce the country's reliance on import of gold and providing its owners with some income apart from freeing them from the problems of storage, movement and security of gold in their possession, had notified… Read More

Tags: Exchange-traded fundGold certificateGold Deposit SchemeJanuary 24 2013Mutual fundReserve Bank of IndiaRun batted inSecurities and Exchange Board of India

SEBI Clarification on Gold Deposit Scheme of banks

CIRCULAR CIR/IMD/DF/04/2013         February 15, 2013 All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds/ All Depositories Sir/ Madam, Sub: Gold Exchange Traded Fund Scheme (Gold ETFs)  Investment in Gold Deposit Scheme (GDS) of Banks 1. SEBI (Mutual Funds) Regulations, 1996, (MF Regulations)  permits Gold Exchange Traded Fund scheme (Gold ETFs) to… Read More

Tags: BankExchange-traded fundGDSGold certificateInvestmentMutual fundSEBISecurities and Exchange Board of India

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates