Finance | Corporate Law Reporter

Incentives to Industries to Boost The Economic Growth

The Ministry has taken a number of measures to boost the industrial growth of the country. These, inter-alia, include announcement of National Manufacturing Policy (NMP), 2011, simplification and rationalization of the Foreign Direct Investment (FDI) Policy, implementation of Delhi Mumbai Industrial Corridor (DMIC) project, conceptualisation of Amritsar Kolkata Industrial Corridor (AKIC), launching of the e-biz… Read More

Tags: Central Bank of Nigeria, finance, Government, Incentive, Incentive program, Nigeria, Private sector, Small and medium enterprises

RBI releases Framework for Revitalising Distressed Assets in the Economy

The Reserve Bank of India today released on its website the Framework for Revitalising Distressed Assets in the Economy. The Framework outlines a corrective action plan that will incentivise early identification of problem cases, timely restructuring of accounts which are considered to be viable, and taking prompt steps by banks for recovery or sale of… Read More

Tags: Economy of India, finance, Green paper, Loan, Reserve Bank, Reserve Bank of India, Restructuring, Steps (group)

Non-Banking Finance Companies: Game Changers

Speech delivered by Shri P Vijaya Bhaskar, Executive Director, Reserve Bank of India at ASSOCHAM in Delhi on January 23, 2014 Introduction The Indian financial sector consists of a wide variety of institutions which cater to different market segments. At the apex level are scheduled commercial banks which follow universal banking model. Next, there is… Read More

Tags: Commercial bank, Economy of India, finance, Gross domestic product, India, NBFC, Non-banking financial company, Run batted in

Conversion of debt into shares, consent level of security enforcement actions and permission to acquire debt from other SC/RCs

RBI/2013-2014/460 DNBS (PD) CC. No. 35/SCRC/26.03.001/2013-2014 January 23, 2014 The Chairman/Managing Director/Chief Executive Officer All registered Securitisation Companies/Reconstruction Companies Dear Sir, Conversion of debt into shares, consent level of security enforcement actions and permission to acquire debt from other SC/RCs Please refer to The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003… Read More

Tags: 2014 January 23, Board of directors, finance, India, Reconstruction Era, Reconstruction of Financial Assets, Reserve Bank of India, Securitisation

The Expert Committee to Revise and Strengthen the Monetary Policy Framework Submits its Report

On September 12, 2013, Dr. Raghuram G Rajan, Governor had appointed an Expert Committee to revise and strengthen the monetary policy framework. The Committee submitted its report to the Governor today. Ajit Prasad Assistant General Manager Press Release : 2013-2014/1459 Report attached for download. Report of the Expert Committee to Revise and Strengthen the Monetary… Read More

Tags: Central bank, China, Committee, Federal Reserve System, finance, Monetary policy, Money supply, United States

Overseas Direct Investments Rollover of Guarantees

RBI/2013-14/427 A.P. (DIR Series) Circular No.83 January 3, 2014 To All Category - I Authorised Dealer Banks Madam / Sir, Overseas Direct Investments Rollover of Guarantees Attention of the Authorised Dealer (AD - Category I) banks is invited the provisions of Notification No. FEMA.120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer or Issue of any Foreign… Read More

Tags: Anno Domini, Categories of New Testament manuscripts, Central bank, Federal Emergency Management Agency, finance, Foreign Exchange Management Act, India, Reserve Bank

RBI cautions users of Virtual Currencies against Risks

The Reserve Bank of India has today cautioned the users, holders and traders of Virtual currencies (VCs), including Bitcoins, about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to. The Reserve Bank has mentioned that it has been looking at the developments relating to certain electronic records… Read More

Tags: Bitcoin, Central bank, finance, money laundering, Reserve Bank, Reserve Bank of India, Run batted in, Virtual currency

The Five Pillars of RBI™s Financial Sector Policies – Raghuram Rajan

Good evening. I thank the organisers for inviting me. These are challenging times for the Indian economy, but I have dwelt on those near-term challenges elsewhere. Let me turn instead to the opportunities we have to make India a far better place than it is today, focussing in particular on finance. Much of the world… Read More

Tags: Central bank, Delhi Mumbai Industrial Corridor Project, Economy of India, finance, India, Inflation, Reserve Bank, Reserve Bank of India

Second Quarter Review of Monetary Policy 2013-14 – Statement by Raghuram Rajan

Download: Second Quarter Review of Monetary Policy 2013-14 "Good Morning and welcome to the Reserve Bank. Today, continuing the process begun in September, we have announced the following policy measures: we have reduced the marginal standing facility (MSF) rate by 25 basis points from 9.0 per cent to 8.75 per cent with immediate effect; we have… Read More

Tags: Bank Rate, Central bank, Economic growth, finance, India, Microsoft, Monetary policy, MSF, NDTL, Raghuram Rajan, Repurchase agreement, Reserve Bank, September

Performance of the Private Corporate Business Sector during First Quarter of 2013-14 Data Release

The Reserve Bank of India today released, on its website, the data on the performance of non-financial private corporate business sector during first quarter of 2013-14 (April-June 2013). The data compiled are based on the abridged financial results of 2,768 listed non-government non-financial (NGNF) companies. To enable comparison, similar data pertaining to Q4:2012-13 and Q1:2012-13 are also… Read More

Tags: Business, Earnings before interest taxes depreciation and amortization, EBITDA, finance, Net profit, Profit margin, Reserve Bank of India, United States

Second Schedule to the Reserve Bank of India Act, 1934 Norms for inclusion

RBI/2013-14/298 UBD CO BPD (PCB) No.20/16.05.000/2013-14 September 27, 2013 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Second Schedule to the Reserve Bank of India Act, 1934 Norms for inclusion Please refer to our circular UBD No. BPD 3/16.05.00/2004-05 dated July 13, 2004 on the captioned subject in terms of which UCBs were… Read More

Tags: Board of directors, Business, FeedBurner, finance, Financial services, India, Reserve Bank of India, Run batted in

Draft Rules under Companies Act 2013 :: Chapter XVII :: Registered Valuers

Click Here to Download the Draft Rules for Chapter XVII -------------------------------------------------------------------------------------------- DRAFT RULES UNDER COMPANIES ACT, 2013 CHAPTER XVII REGISTERED VALUERS Definition 17.1 ˜Registered Valuer™ means a person registered as a Valuer under Chapter XVII of the Act. Registration as Valuers. 17.2 (1) For the purposes of sub-section (1) of section 247, the Central Government… Read More

Tags: Central Government, Companies Act, Competent authority, Corporate Affairs Ministry, finance, Government of India, Limited liability partnership, Securities and Exchange Board of India

Draft Rules under Companies Act 2013 :: Chapter III :: Prospectus And Allotment Of Securities

Click Here to Download the Draft Rules for Chapter III ----------------------------------------------------------------------------------- DRAFT RULES UNDER COMPANIES ACT, 2013 CHAPTER III PROSPECTUS AND ALLOTMENT OF SECURITIES Part I Public Offer Matters to be stated in the prospectus 3.1. For the purposes of clause (a) of sub-section (1) of section 26, (1) pursuant to sub-clause (i), the names, addresses… Read More

Tags: Board of directors, Companies Act, finance, Financial statement, India, Prospectus, Public Offer, Security (finance)