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.
A:544, Tower B2, Spaze i-Tech Park Gurgaon, Haryana, India
Delay in Utilization of Advance Received for Exports
RBI/2014-15/461 A. P. (DIR Series) Circular No.74 February 09, 2015 To All Category-I Authorised Dealer Banks Madam / Sir, Delay in Utilization of Advance Received for Exports Attention of Authorised Dealer Category I (AD Category I) banks is invited to the sub-regulation (1) of Regulation 16 of the Foreign Exchange Management (Export of Goods and… Read More
Foreign Direct Investment by Foreign portfolio investors
RBI/2014-15/448 A.P.(DIR Series) Circular No. 71 February 03, 2015 To, All Authorised Persons Madam/ Sir, Foreign investment in India by Foreign Portfolio Investors Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person… Read More
RBI Announces Additional MSF on February 7, 2015
The Reserve Bank of india has decided to offer funds to the banks for two days through Marginal Standing Facility (MSF) on February 7, 2015 (Saturday). The MSF window will remain open between 4.00 PM and 4.30 PM. The reversal will take place on February 9, 2015 (Monday). Alpana Killawala Principal Chief General Manager Press… Read More
Section 23 of the Banking Regulation Act, 1949 Installation of off-site Cash Deposit Machines (CDMs) / Bunch Note Acceptor Machines (BNAMs)
RBI/2014-15/438 DBR.No.BAPD.BC.68/22.01.001/2014-15 February 2, 2015 All Scheduled Commercial Banks (including RRBs) Dear Sir/Madam, Section 23 of the Banking Regulation Act, 1949 Installation of off-site Cash Deposit Machines (CDMs) / Bunch Note Acceptor Machines (BNAMs) Please refer to circular DBOD.No.BL.BC.137/22.01.001/2008-09 dated June 12, 2009 wherein all SCBs have been permitted to install off-site ATMs at centers… Read More
Guidelines for implementation of Countercyclical Capital Buffer (CCCB)
RBI/2014-15/452 DBR.No.BP.BC.71/21.06.201/2014-15 February 5, 2015 The Chairman and Managing Director/ Chief Executives Officer of All Scheduled Commercial Banks (Excluding Regional Rural Banks) Madam/Dear Sir, Guidelines for implementation of Countercyclical Capital Buffer (CCCB) The Internal Working Group of the Reserve Bank of India under the Chairmanship of Shri B Mahapatra had submitted the final Report on… Read More
Constitution of High Level Committee for Corporate Social Responsibility(CSR) under Companies Act, 2013 for monitoring compliance w.r.t CSR
The Ministry of Corporate Affairs has vide Circular No. 1 dated 3rd February, 2015 has constituted a High Level Committee for the monitoring of the provisions being properly implemented under Section 135 of the companies Act, 2013 and the rules made thereunder. The functions of the committee shall be as follows: 1. To recommend suitable… Read More
Export Credit Refinance Facilities
RBI/2014-15/444 REF.No.MPD.BC.376/07.01.279/2014-15 Magha 14, 1936 (Saka) February 3, 2015 To All Scheduled Banks [excluding Regional Rural Banks(RRBs)] Dear Sir/Madam, Export Credit Refinance Facilities As announced in the Sixth Bi-Monthly Monetary Policy Statement, 2014-15 dated February 3, 2015, it has been decided to merge the Export Credit Refinance (ECR) facility with the system level liquidity provision… Read More
Clarification by RBI on Foreign Direct Investment in Pharmaceutical Sector
RBI/2014-15/441 A.P.(DIR Series) Circular No.70 February 02, 2015 To All Category-I Authorised Dealer Banks Madam / Sir, Foreign Direct Investment in Pharmaceuticals sector Clarification Attention of Authorised Dealers Category I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No.124 dated April 21, 2014 and the Foreign Exchange Management (Transfer or Issue… Read More
RBI constitutes High Powered Committee on Urban Co-operative Banks
The Reserve Bank of India has constituted a High Powered Committee under the Chairmanship of Shri R.Gandhi, Deputy Governor, Reserve Bank of India to re-examine and recommend appropriate set of businesses, size, conversion and licensing terms for the Urban Cooperative Banking Sector. This was pursuant to the recommendation made by the Standing Advisory Committee (SAC)… Read More
Review of norms for classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM)
RBI/2014-15/261 UBD.CO.LS (PCB) Cir.No.20/07.01.000/2014-15 October 13, 2014 Chief Executive Officers of all Primary (Urban) Co-operative Banks Madam / Dear Sir Review of norms for classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM) Please refer to our circular UBD.CO.LS.(PCB).Cir.No.24/07.01.000/2013-14 dated October 1, 2013 wherein the eligibility criteria for FSWM UCBs were laid down.… Read More
Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards – Money changing activities
RBI/2014-15/433 A.P.(DIR Series) Circular No.68 January 28, 2015 To, All Authorised Persons Madam/ Dear Sir, Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Money changing activities Please refer to our A.P.(DIR Series) Circular No. 34 dated September 04, 2013 on risks arising from the deficiencies in AML/CFT regime of certain jurisdiction. 2. Financial Action… Read More
RBI signs MoU on Supervisory Cooperation and Exchange of Supervisory Information with Banco Central do Brasil
The Reserve Bank of India signed a Memorandum of Understanding (MoU) on Supervisory Cooperation and Exchange of Supervisory Information with Banco Central do Brasil (BCB) on December 26, 2014. With this the Reserve Bank has signed 23 such MoUs, one Letter for Supervisory Co-operation and one Statement of Co-operation with overseas regulators/supervisors. The MoU was… Read More
3rd National Seminar on “Due Diligence” on 11th February, 2015 at New Delhi
3rd National Seminar on Due Diligence - Key Instrument for Successful Business Deals - Wednesday, 11th February, 2015 Hotel Royal Plaza, New Delhi In an ever growing competitive landscape, smaller and mid-sized companies are now seeking the smartest route forward in their growth strategies. To thrive amidst competitive conditions, timely and accurate intelligence isn™t just an… Read More
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