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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RBI Change of Liquidity Adjustment Facility with respect to Repo, Reverse Repo and Marginal Standing Facility Rates
RBI/2012-2013/398 FMD.MOAG. No.74/01.01.001/2012-13 January 29, 2013 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility Repo and Reverse Repo and Marginal Standing Facility Rates As announced today by the Governor in the Third Quarter Review of the Monetary Policy 2012-13, it has been decided to reduce the Repo rate under the… Read More
Modifications in Bank KYC norms in the event of transfer of account holder
RBI/2012-13/399 DBOD.AML.BC. No. 78 /14.01.001/2012-13 January 29, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 Please refer to… Read More
Standing Liquidity Facilities for Banks and Primary Dealers
RBI/2012-13/400 REF.No.MPD.BC.361 /07.01.279/2012-13 Magha 9, 1934 (Saka) January 29, 2013 To All Scheduled Banks [excluding Regional Rural Banks(RRBs) ] and Primary Dealers Dear Sir/Madam, Standing Liquidity Facilities for Banks and Primary Dealers Please refer to the Third Quarter Review of Monetary Policy 2012-13 dated January 29, 2013, in terms of which the repo rate under the… Read More
Third Quarter Review of Monetary Policy 2012-13
Dr. D. Subbarao, Governor of Reserve Bank of India presented the Third Quarter Review of the Monetary Policy 2012-13. Some highlights of the same are given here. The full report is also available for download. Since the Second Quarter Review (SQR) of Monetary Policy in October 2012, headwinds holding back the global economy have begun to… Read More
4 FDI Proposals Approved by FIPB
Further to Para 5 of the Press Release dated January 11, 2013 regarding Foreign Direct Investment (FDI) proposals approved by FIPB, wherein it was stated that decision in case of the Five (5) proposals will be communicated separately, the Central Government has now approved the following Four (4) proposals out of them amounting to Rs. 280.00 croreapproximately. Following 4… Read More
Clarifications on Automatic Conversion of unsold Sugar Quantity into Levy Sugar
No Automatic Conversion of any unsold Sugar Quantity into Levy Sugar Press Note In continuation to the press note dated 23.11.2012, relating to release of 70 lac tons (including the quantity of 2.00 lakh MT carried over from October to November, 2012 period), i.e., 68.0 Lac MT to be released for the months of December, 2012 to March, 2013, and… Read More
Amendment of FEMA Rules regarding Transfer or Issue of Security by a Person Resident outside India
Reserve Bank of India Foreign Exchange Department Central Office Mumbai- 400 001 Notification No. FEMA. 255/2013-RB Dated January 19, 2013 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2013 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section… Read More
Auction of Government of India Dated Securities
Ref.No. IDMD/2193/08.02.032/2012-13 January 28, 2013 All Scheduled Commercial Banks All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/ All Primary Dealers. Dear Sir/Madam, Auction of Government of India Dated Securities Govenment of India have offered to sell (re-issue) (a) 8.12 percent Government Stock 2020 for a notified amount of Rs.3,000 crore (nominal)… Read More
Auction for Sale (Re-issue) of ˜8.12 per cent Government Stock, 2020™
Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated January 28, 2013 NOTIFICATION Auction for Sale (Re-issue) of ˜8.12 per cent Government Stock, 2020™ F. No.4 (5) W&M/2012: Government of India hereby notifies sale (re-issue) of ˜8.12 per cent Government Stock, 2020™ (hereinafter called 'the Stock') for an aggregate… Read More
Auction for Sale (Re-issue) of ˜8.20 per cent Government Stock, 2025™
Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated January 28, 2013 NOTIFICATION Auction for Sale (Re-issue) of ˜8.20 per cent Government Stock, 2025™ F. No.4 (5)-W&M/2012(i): Government of India hereby notifies sale (reissue) of ˜8.20 per cent Government Stock, 2025™ (hereinafter called 'the Stock') for an aggregate amount… Read More
Auction for Sale (Re-issue) of ˜8.30 per cent Government Stock, 2042™
Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated January 28, 2013 NOTIFICATION Auction for Sale (Re-issue) of ˜8.30 per cent Government Stock, 2042™ F. No.4 (5) W&M/2012(ii): Government of India hereby notifies sale (Re-issue) of 8.30 per cent Government Stock 2042 for an aggregate amount of Rs. 3,000… Read More
RBI Circular on Standardisation of Interest Rate Swap Contracts
RBI/2012-13/396 IDMD.PCD.2191/14.03.01/2012-13 January 28, 2013 All Market Participants Madam/Sir, Standardisation of Interest Rate Swap (IRS) Contracts A reference is invited to RBI circular Ref.No.MPD.BC.187/07.01.279/1999-2000 dated July 7, 1999. 2. To improve tradability and facilitate centralized clearing and settlement of IRS contracts in future, it has been decided to standardise IRS contracts. 3. The standardisation of IRS… Read More
RBI Clarifications on KYC/AML Rules pertaining to “Beneficial Owner” Status
RBI/2012-13/395 UBD.BPD (PCB) Cir. No.34/14.01.062/2012-13 January 28, 2012 The Chief Executive Officer of All Primary (Urban) Co-operative Banks Madam/Dear Sir, Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Measures/Combating of Financing of Terrorism (CFT) / Obligations of banks under Prevention of Money Laundering Act (PMLA), 2002 Please refer to paragraph 2.4 (a) of Master Circular UBD.BPD. (PCB).MC.No.… Read More
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