eMinds Legal - Corporate Law Reporter

Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards – Cross Border Inward Remittance under Money Transfer Service Scheme

RBI/2014-15/432 A.P. (DIR Series) Circular No.67 January 28, 2015 To, All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme. Madam/ Dear Sir, Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme Please refer to our A.P.(DIR Series) Circular No.35 dated September… Read More

Seminar on PE / VC Financing Workshop by VC Circle in Mumbai on 20th February, 2015

The most successful exits require considerable planning. The sooner you start, the more rewarding your eventual exit is likely to be. The range of exit strategies includes taking the company public through an initial public offering (IPO), selling the company to a strategic acquirer or recapitalizing and selling the firm to the management team, also… Read More

Dispensing with “No Due Certificate” lending by banks

RBI/2014-15/430 FIDD.CO.LBS.BC.No.49/02.01.001/2014-15 January 28, 2015 The Chairmen & Managing Directors All Scheduled Commercial Banks (including RRBs) Dear Sir/Madam, Dispensing with ˜No Due Certificate™ for lending by banks Please refer to our circular RPCD.LBS (SAA).BC.No.62/08.01.00/2004-05 dated December 8, 2004 on Relaxation in Service Area norms. Further, in terms of circular RPCD.PLFS.BC.No.85/05.04.02/2006-07 dated April 30, 2007 on ˜Simplification of the Procedures… Read More

External Commercial Borrowings (ECB) Policy Simplification of Procedure

RBI/2014-15/425 A.P. (DIR Series) Circular No.64 January 23, 2015 To The Authorised Dealer Category-I Banks Madam / Dear Sir External Commercial Borrowings (ECB) Policy Simplification of Procedure Attention of the Authorised Dealer (AD) Category-I banks is invited to the following provisions contained in the undernoted A.P. (DIR Series) Circulars through which powers have been delegated… Read More

Survey on International Trade in Banking Services: 2013-14 Data Release

The Reserve Bank of India today released, on its website, the data related to the 2013-14 round of Survey on International Trade in Banking Services. The annual survey onInternational Trade in Banking Services (ITBS) provides information on the branches/subsidiaries of Indian banks operating abroad and foreign banks operating in India. Consistent and comparable data are… Read More

3rd National Seminar on “Due Diligence” by ASSOCHAM 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

Census on Foreign Liabilities and Assets of Indian Companies 2013-14 Data Release

The Reserve Bank of India today released, on its website, the data related to the Census on Foreign Liabilities and Assets of Indian Companies for the year 2013-14. The Annual Census on Foreign Liabilities and Assets (FLA), 2013-14 covers Indian companies which submit comprehensive information on their overseas liabilities and assets arising on account of… Read More

Display of information by banks

RBI/2014-15/422 DBR.Leg.No.BC.64/09.07.005/2014-15 January 22, 2015 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Display of information by banks Please refer to our circulars DBOD.Leg.No.BC.33/09.07.005/2008-09 dated August 22, 2008 and DBOD.Leg.BC.42/09.07.005/2008-09 dated September 12, 2008 on display of information for promoting transparency in the operations of banks. 2. In order to further enhance transparency in… Read More

Foreign Direct Investment (FDI) in India Review of FDI policy Sector Specific conditions- Construction Development

RBI/2014-15/420 A.P. (DIR Series) Circular No. 60 January 22, 2015 To All Category I Authorised Dealer banks Madam/Sir, Foreign Direct Investment (FDI) in India Review of FDI policy Sector Specific conditions- Construction Development Attention of Authorised Dealer Category I (AD Category-I) banks is invited to Annex B of Schedule 1 to the Foreign Exchange Management… Read More

Union Budget – 2014-15 Interest Subvention Scheme

RBI/2014-15/417 FIDD.No.FSD.BC.48/05.04.02/2014-15 January 21, 2015 To, The Chairman / Managing Director All Public & Private Sector Scheduled Commercial Banks Dear Sir/Madam Union Budget - 2014-15 Interest Subvention Scheme As directed by the Government of India and in pursuance of the budget announcement made by the Finance Minister relating to the Interest Subvention Scheme 2014-15, Interest… Read More

Review of Guidelines on Restructuring of Advances by NBFCs

RBI/2014-15/410 DNBR.CO.PD.No.011/03.10.01/2014-15 January 16, 2015 All NBFCs excluding Primary Dealers Dear Sirs, Review of Guidelines on Restructuring of Advances by NBFCs Please refer to circular DNBS.CO.PD.No.367/03.10.01/2013-14, dated January 23, 2014, on the captioned subject. 2. In terms of extant instructions contained in the above mentioned circulars, revisions of the date of commencement of commercial operations… Read More

Companies (Accounts) Amendment Rules, 2015

The Ministry of Corporate Affairs has issued a general notification dated 16th January, 2015 as Companies (Accounts) Amendment Rules, 2015 which shall come into force form the date of its publication in the official gazette which describe the following amendments: 1. In Rule 2 the following rule shall be inserted namely: "2A. Notice of address… Read More

Seminar on ” Introduction to PE/VC Financing” by VC Circle on 20th February, 2015 at Mumbai