Shantanu eMinds Legal Consulting Pvt Ltd
eMinds Legal Consulting Pvt. Ltd. is a Consulting Firm in India specialzing in Corporate Laws, Compliances, Secretarial, FEMA, Indirect Taxation, Cyber Laws & Contracts. The Firm comprises of a team of professionals of Company Secretaries, Lawyers and Chartered Accountants with an in-depth subject matter knowledge and participative industry experience of over 15 years.
Sectoral Deployment of Bank Credit July 2011
Data on sectoral deployment of credit collected on a monthly basis from select 47 scheduled commercial banks accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks for the month of July 2011 are set out in Statements I and II .These data are also available in the Real-Time Handbook of Statistics… Read More
Auction for Sale (Re-issue ) of ˜8.30 per cent Government Stock, 2040™
Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated August 26, 2011 NOTIFICATION Auction for Sale (Re-issue ) of ˜8.30 per cent Government Stock, 2040™ F. No.4 (4) W&M/2011(ii): Government of India hereby notifies sale (re-issue) of ˜8.30 per cent Government Stock, 2040™ (hereinafter called 'the Stock') for an… Read More
RBI releases Draft Guidelines for Licensing of New Banks in the Private Sector
The Reserve Bank of India released on its website today, the Draft Guidelines for Licensing of New Banks in the Private Sector. The Reserve Bank has sought views/comments on the draft guidelines from banks, non-banking financial institutions, industrial houses, other institutions and the public at large. Suggestions and comments on the draft guidelines may be sent… Read More
RBI releases Report of the Working Group on the Issues and Concerns in the NBFC Sector
The Reserve Bank of India today placed on its website the Report of the Working Group on the Issues and Concerns in the NBFC Sector, chaired by Smt. Usha Thorat, Director, Centre for Advanced Financial Research and Learning (CAFRAL). Other members of the Group were Sanjay Labroo, Rajiv Lall, Bharat Doshi, Pratip Kar and Uma Subramaniam (Member… Read More
Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses
RBI/2011-12/160 A.P. (DIR Series) Circular No.09 A.P.(FL/RL Series) Circular No.01 To All Authorised Dealer Category-I Banks Madam / Sir, 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 the A.P.(DIR Series) No.28 [A.P(FL/RL Series) Circular No.02] dated February 06, 2008 on… Read More
Auction of Government of India Dated Securities
Ref.No.IDMD / 1054/08.02.033/2010-11 All Scheduled Commercial Banks / All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/ All Primary Dealers Dear Sirs, Auction of Government of India Dated Securities Government of India have offered to sell (re-issue) of (a) 7.99 percent Government Stock 2017 for a notified amount of Rs.3,000 crore… Read More
Action taken by the MCA against vanishing Companies
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that 238 Companies have been identified as vanishing companies. Companies which had raised funds through Initial Public Offer were identified as Vanishing Company for (i) non maintaining of their registered office; (ii) non- traceability of directors (iii) non- filing of statutory returns/ listing requirements with the concerned… Read More
Processing of Investor Complaints in SEBI Complaints Redress System (SCORES)
To All Credit Rating Agencies Registered with SEBI Sir/ Madam, Sub: Processing of Investor Complaints in SEBI Complaints Redress System (SCORES) 1. SEBI has commenced processing of investor complaints in a centralized web based complaints redress system ˜SCORES™. The salient features of this system are: ¢ Centralized database of all complaints. ¢ Online movement of… Read More
Infrastructure Finance Companies (IFCs) — as eligible issuers for FIIs investment limit in debt instrument for infrastructure
To All Foreign Institutional Investors through their designated Custodians of Securities Dear Sir/Madam Sub: Infrastructure Finance Companies (IFCs) -- as eligible issuers for FIIs investment limit in debt instrument for infrastructure. 1. Please refer to SEBI circular dated November 26, 2010 & March 31, 2011, regarding FII investment in the corporate bonds issued by Indian… Read More
RBI launches the 25th Round of Inflation Expectations Survey of Households
The Reserve Bank of India has been conducting Inflation Expectations Survey of Households (IESH) on a quarterly basis since September 2005. The 25th round of the Survey with July-September 2011 as the current reference period has been launched today. The Survey seeks qualitative responses from households on price changes (general prices as well as prices… Read More
Authorisation Guidelines for Primary Dealers (PDs)
RBI/2011-12/162 IDMD.PCD. 9 /14.03.05/2011-12 All Market Participants Dear Sir, Authorisation Guidelines for Primary Dealers (PDs) With a view to putting in place equitable and transparent regulatory guidelines for authorisation of PDs and to ensure that the new PDs are adequately equipped to participate meaningfully in all auctions of Government securities (G-Sec), including an underwriting commitment… Read More
Auction of Government of India Dated Securities
All Scheduled Commercial Banks / All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/ All Primary Dealers Dear Sirs, Auction of Government of India Dated Securities Government of India have offered to sell (re-issue) of (a) 7.99 percent Government Stock 2017 for a notified amount of Rs.3,000 crore (nominal) through a price… Read More
Simplification and Rationalization of Trading Account Opening Process
CIR/MIRSD/16/2011 All Recognized Stock Exchanges Dear Sirs, Subject: Simplification and Rationalization of Trading Account Opening Process 1. SEBI has been getting feedback from the investors that the present trading account opening procedure is very cumbersome. The investor has to enter into a number of agreements depending on his trading preferences i.e. stock exchanges, segments, internet… Read More
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