Monitoring of Foreign Investment by NRIs/PIOs under PIS in Indian Companies
The Reserve Bank of India has today notified that the aggregate net purchases of equity shares in M/s Kama Holdings Limited by Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) in the primary/secondary markets under Portfolio Investment Scheme (PIS) have reached the trigger limit. Accordingly, no further purchases of this company would be allowed through stock… Read More
Tags: foreign direct investment, General manager, India, Indian Origin, Non-resident Indian and person of Indian origin, Persons, Reserve Bank of India, Stock exchange
Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses
RBI/2013-14/438 A. P. (DIR Series) Circular No. 88 January 09, 2014 To, All Authorised Dealer Category - I Banks Madam / Sir, Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses Attention of Authorised Dealer Category I (AD Category I) banks is invited to Part (B)… Read More
Tags: Anno Domini, Asia, Financial services, Foreign Exchange Management Act, India, Indian rupee, Mutual fund, Non-resident Indian and person of Indian origin
Investment in Credit Information Companies
DBOD.CID.BC.No.74/20.16.042/2013-14 November 29, 2013 All Credit Information Companies Investment in Credit Information Companies In exercise of the powers conferred by sub-section (1) of Section 11 of Credit Information Companies (Regulation) Act, 2005, and in supersession of its direction on Investment in Credit Information Companies dated November 20, 2008, Reserve Bank of India, being satisfied that… Read More
Tags: Asia, Financial services, foreign direct investment, India, Investment, Non-resident Indian and person of Indian origin, Regulation, Reserve Bank of India
RBI Clarification on carrying of INR 10,000 by Non-residents and Residents
In terms of instructions issued vide A.P. (Dir Series) circular No.45 dated September 16, 2013, the Reserve Bank of India had facilitated encashment of rupees into convertible currencies even beyond Immigration/Customs desk. This instruction has been misreported in certain sections of the media as a new restriction imposed by the Reserve Bank. The Reserve Bank issues… Read More
Tags: Bhutan, Currency, India, Indian rupee, Nepal, Non-resident Indian and person of Indian origin, Reserve Bank of India, September 16 2013
RBI Monthly Bulletin, September 2013
The Reserve Bank of India today released the September 2013 issue of its monthly Bulletin. The Bulletin includes four special articles: (1) Corporate Investment: Growth in 2012-13 and Prospects for 2013-14; (2) Developments in India™s Balance of Payments during Fourth Quarter (January-March) of 2012-13; (3) India™s External Debt as at end-March 2013; and (4) Consumer Confidence Survey… Read More
Tags: External debt, GDP, India, March 2012, March 2013, Non-resident Indian and person of Indian origin, Reserve Bank of India, United States dollar
RBI Clarification w.r.t. Purchase of shares on the recognised stock exchanges in accordance with SEBI (Substantial Acquisition of Shares and Takeover) Regulations
RBI/2013-14/232 A.P. (DIR Series) Circular No. 38 September 6, 2013 To All Category - I Authorised Dealer Banks Madam/ Sir, Purchase of shares on the recognised stock exchanges in accordance with SEBI (Substantial Acquisition of Shares and Takeover) Regulations Attention of Authorised Dealer Category I (AD Category-I) banks is invited to Schedule 1 to Foreign… Read More
Tags: Anno Domini, Categories of New Testament manuscripts, Federal Emergency Management Agency, Foreign Exchange Management Act, India, Non-resident Indian and person of Indian origin, Reserve Bank of India, Securities & Exchange Board of India
Investments by Non-resident Indians (NRIs) under Portfolio Investment Scheme (PIS) Liberalisation of Policy
RBI/2013-14/192 A. P. (DIR Series) Circular No.29 August 20, 2013 To All Category-I Authorised Dealer Banks Madam / Sir, Investments by Non-resident Indians (NRIs) under Portfolio Investment Scheme (PIS) Liberalisation of Policy Attention of Authorised Dealers Category-I (AD Category - I) banks is invited to Schedule 3 of the Foreign Exchange Management (Transfer or Issue… Read More
Tags: Anno Domini, Federal Emergency Management Agency, Foreign Exchange Management Act, India, Non-resident Indian and person of Indian origin, PIS, Reserve Bank, Reserve Bank of India
Master Circular of instructions relating to deposits held in FCNR(B) Accounts
RBI/2013-14/74 DBOD.No.Dir.BC. 11 /13.03.00/2013-14 July 1 , 2013 Ashadha 10, 1935 (Saka) All Scheduled Commercial Banks (excluding RRBs) Dear Sir / Madam Master Circular of instructions relating to deposits held in FCNR(B) Accounts Please refer to the Master Circular DBOD No. Dir. BC.8/ 13.03.00/2012-13 dated July 2, 2012 consolidating the instructions/guidelines issued to banks till June 30, 2012… Read More
Tags: chartered accountant, Foreign Exchange Management Act, India, Master Circular, Non-resident Indian and person of Indian origin, Regional Rural Bank, Reserve Bank of India, SAKA
Master Circular on Remittance Facilities for Non-Resident Indians / Persons of Indian Origin / Foreign Nationals
RBI/2013-2014/8 Master Circular No.8 /2013-14 July 01, 2013 To, All Authorised Dealer Category I banks and Authorised banks Madam / Sir, Master Circular on Remittance Facilities for Non-Resident Indians / Persons of Indian Origin / Foreign Nationals Remittance facilities for Non-Residents /Persons of Indian Origin /Foreign Nationals are being governed by sub-section (1) and (2)… Read More
Tags: chartered accountant, Company Secretary, FEMA, Foreign Exchange Management Act, India, Master Circular, Master Circulars 1st July 2013, Non-resident Indian and person of Indian origin
Master Circular on Acquisition and Transfer of Immovable Property in India by NRIs/PIOs/Foreign Nationals of Non-Indian Origin
RBI/2013-14/4 Master Circular No. 4/2013-14 July 1, 2013 To, All Category - I Authorised Dealer banks Madam / Sir, Master Circular on Acquisition and Transfer of Immovable Property in India by NRIs/PIOs/Foreign Nationals of Non-Indian Origin Acquisition and transfer of immovable property in India by NRIs / PIOs / Foreign Nationals of Non-Indian Origin is… Read More
Tags: Foreign Exchange Management Act, Immovable property, India, Master Circular, Master Circulars 1st July 2013, May 3 2000, Non-resident Indian and person of Indian origin, Reserve Bank
Master Circular on Non-Resident Ordinary Rupee (NRO) Account
RBI/2013-14/2 Master Circular No.2 /2013-14 July 1, 2013 To, All Authorised Dealer Category I banks and Authorised banks Madam / Sir, Master Circular on Non-Resident Ordinary Rupee (NRO) Account The acceptance of deposits by an Authorised Dealer /Authorised bank from persons resident outside India are regulated by the provisions of sub-sections (1) and (2) of… Read More
Tags: Bangladesh, chartered accountant, Federal Emergency Management Agency, Foreign Exchange Management Act, General manager, India, Master Circular, Master Circulars 1st July 2013, Non-resident Indian and person of Indian origin, NRI, NRO, Reserve Bank