eMinds Legal Advocates & Solicitors
eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.
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Partial Credit Enhancement (PCE) to Corporate Bonds
RBI/2016-17/43 DBR.BP.BC.No.5/21.04.142/2016-17 August 25, 2016 All Scheduled Commercial Banks (excluding RRBs) Partial Credit Enhancement (PCE) to Corporate Bonds Please refer to the circular DBR.BP.BC.No.40/21.04.142/2015-16 dated September 24, 2015 on the captioned subject. 2. In terms of para II.6 of the above-mentioned circular, the aggregate exposure limit of all banks towards the PCE for a given… Read More
Master Circular – Collection of Direct Taxes – OLTAS
RBI/2016-17/47 DGBA.GAD.No.458/42.01.034/2016-17 August 25, 2016 To All agency Banks Dear Sir / Madam Master Circular – Collection of Direct Taxes - OLTAS Please refer to our Master Circular DGBA.GAD.No.3/42.01.034/2015-16 dated July 1, 2015 on the above subject. 2. Instructions regarding Online Tax Accounting System (OLTAS) and operational aspects of the Direct Tax collection are currently… Read More
Broadcasting of Auction Results and Allotment at Fixed Time
RBI/2016-17/51 Ref.IDMD/435/08.01.001/2016-17 August 25, 2016 All Market Participants Dear Sir/Madam, Broadcasting of Auction Results and Allotment at Fixed Time As part of the market borrowing programme of the Government of India (GoI) and State Governments, RBI conducts auction of GoI dated securities, Treasury Bills and State Development loans. The auction results are thereafter put out… Read More
Guidelines on Enhancing Credit Supply for Large Borrowers through Market Mechanism
RBI/2016-17/50 DBR.BP.BC.No.8/21.01.003/2016-17 August 25, 2016 All Scheduled Commercial Banks (excluding RRBs) Guidelines on Enhancing Credit Supply for Large Borrowers through Market Mechanism Please refer to the Discussion Paper on the captioned subject issued on May 12, 2016 for comments of the stakeholders. The Discussion Paper proposed a framework for addressing the concentration risk of the banking… Read More
Prudential Norms for Off-balance Sheet Exposures of Banks – Restructuring of derivative contracts
RBI/2016-17/45 DBR.No.BP.BC.7/21.04.157/2016-17 August 25, 2016 All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Prudential Norms for Off-balance Sheet Exposures of Banks – Restructuring of derivative contracts Please refer to circular DBOD.No.BP.BC.57/21.04.157/2008-09 dated October 13, 2008 on the captioned subject. Para 2.2 of the circular requires that in cases where… Read More
Review of Prudential Norms –Risk Weights for Exposures to Corporates, AFCs and NBFC-IFCs
RBI/2016-17/44 DBR.No.BP.BC.6/21.06.001/2016-17 August 25, 2016 All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Review of Prudential Norms –Risk Weights for Exposures to Corporates, AFCs and NBFC-IFCs Please refer to para 5.8 of Master Circular on Basel III capital regulations dated July 1, 2015 on exposures to the captioned entities. At… Read More
Master Direction – Residuary Non-Banking Companies (Reserve Bank) Directions, 2016
RBI/DNBR/2016-17/43 Master Direction DNBR. PD.006/13.10.119/2016-17 August 25, 2016 Master Direction - Residuary Non-Banking Companies (Reserve Bank) Directions, 2016 The Reserve Bank of India (the Bank), having considered it necessary in the public interest and being satisfied that for the purpose of enabling the Bank to regulate the credit system to the advantage of the country,… Read More
Master Direction – Standalone Primary Dealers (Reserve Bank) Directions, 2016
RBI/DNBR/2016-17/42 Master Direction DNBR.PD.004/03.10.119/2016-17 August 25, 2016 Master Direction - Standalone Primary Dealers (Reserve Bank) Directions, 2016 The Reserve Bank of India (the Bank), having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the financial system to the advantage of the country and… Read More
Major achievements & important events pertaining to DIPP for the period April-July, 2016
DEPARTMENT OF INDUSTRIAL POLICY & PROMOTIONS MAJOR ACHIEVEMENTS (April 2016-July 2016) MAJOR EVENTS, MEETINGS, SEMINARS etc. (1) START UP INDIA- The Department of Industrial Policy and Promotion (DIPP) organised a day-long Startup India States’ Conference on 23rd July, 2016 in New Delhi which was inaugurated and presided over by the Hon‟ble Minister of State (I/c)… Read More
Government Approves Seven (7) Proposals of Foreign Direct Investment (FDI)
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 238th Meeting held on 3rd August 2016, the Central Government has approved seven (07) FDI proposals as per details enclosed. S. No Item No Name of the applicant Gist of the proposal Sector FDI (Rs. crore) 1 2 M/s IMCD India Pvt.… Read More
Cabinet approves introduction of the “Surrogacy (Regulation) Bill, 2016”
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for introduction of the "Surrogacy (Regulation) Bill, 2016". The Bill will regulate surrogacy in India by establishing National Surrogacy Board at the central level and State Surrogacy Boards and Appropriate Authorities in the State and Union Territories. The legislation will… Read More
Income-tax (21st Amendment) Rules, 2016
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 19th August, 2016 INCOME-TAX S.O. 2747(E).— In exercise of the powers conferred by sub-section (1E) of section 206C read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following… Read More
Frequently Asked Questions (FAQs) on SEBI (Alternative Investment Funds) Regulations, 2012
In order to address the queries of various market participants on the applicability and interpretation of SEBI (Alternative Investment Funds) Regulations, 2012, FAQs have been issued. The FAQs are available on the website www. sebi.gov.in under the tab "FAQs" - Alternative Investment Funds. FREQUENTLY ASKED QUESTIONS (FAQs) SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 Disclaimer: These… Read More
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