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
Requirement of an Effective Mechanism and Granular Data for Non-Performing Assets
RBI/2012-13/318 RPCD.RRB.No.BC. 49/03.05.33/2012-13 December 06, 2012 All Regional Rural Banks Dear Sir, NPA Management Requirement of an Effective Mechanism and Granular Data Please refer to the paragraph 100 (extract enclosed) of the Monetary Policy Statement 2012-13 announced on April 17, 2012. 2. As mentioned therein, asset quality of banks is one of the most important… Read More
Bank finance for purchase of gold
RBI/2012-13/317 RPCD.CO.BC. 50/03.05.33/2012-13 December 05, 2012 All Regional Rural Banks Dear Sir / Madam Bank finance for purchase of gold Please refer to paragraphs 102 and 103 (extract enclosed) of the Second Quarter Review of Monetary Policy 2012-13 announced on October 30, 2012, proposing that other than working capital finance, banks are not permitted to… Read More
FIMMDA Code of Conduct for usage of Negotiated Dealing System
RBI/2012-13/316 IDMD.DOD.No.06/10.25.66/2012-13 December 06, 2012 To All SGL/CSGL Account holders, Dear Sir/Madam, FIMMDA Code of Conduct for usage of Negotiated Dealing System-Order Matching (NDS-OM) and Over-The-Counter (OTC) Market FIMMDA in co-ordination with RBI and market participants has developed and implemented a Code of Conduct for users of NDS-OM and other systems. The same can be… Read More
Submission of compliance report for Migrating to CTS 2010 standard
RBI/2012-13/315 UBD.BPD.(PCB).Cir.No. 26/12.05.001 /2012-13 December 6, 2012 The Chief Executive Officer, All Primary (Urban) Co-operative Banks. Madam/Dear Sir, Migrating to CTS 2010 standard - Submission of compliance report We invite a reference to circulars DPSS.CO.CHD.No. 399/04.07.05/2012-13 dated September 3, 2012 and DPSS.CO.CHD.No. 668/04.07.05/2012-13 dated October 19, 2012 issued under section 18 of the Payment and Settelement System… Read More
Directions for Overseas Investments for Core Investment Companies
RBI/2012-13/314 DNBS (PD) CC.No.311/03.10.001/2012-13 December 06 , 2012 All Core Investment Companies Dear Sirs, Core Investment Companies - Overseas Investment (Reserve Bank) Directions, 2012 Please refer to the Non-Banking Financial Companies (Opening of Branch/Subsidiary/Joint Venture/Representative Office or Undertaking Investment Abroad by NBFCs) Directions, 2011 dated June 14, 2011. The Directions have specified general and specific… Read More
Clarifications on The Co-operative Banks (Nomination) Rules, 1985
RBI/2012-13/313 UBD.BPD (PCB) Cir.No. 25 /13.01.000//2012-13 December 3, 2012 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir/Madam, The Co-operative Banks (Nomination) Rules, 1985 - Clarifications As you are aware, the Co-operative Banks (Nomination) Rules, 1985 have been framed in exercise of powers conferred under Section 52, read with Sections 45-ZA, 45-ZC, 45-ZE… Read More
Exim Bank’s Line of Credit to the Government of the Republic of Togo
RBI/2012-13/312 A.P. (DIR Series) Circular No.56 November 27, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 13.095 million to the Government of the Republic of Togo Export-Import Bank of India (Exim Bank) has concluded an Agreement dated January 12, 2012 with the Government of… Read More
Foreign Entity reporting to Income Tax Authorities
RBI/2012-13/311 A.P. (DIR Series) Circular No. 55 November 26, 2012 To All Authorised Dealers Category - I Banks Madam / Sir, Liaison Office (LO) / Branch Office (BO) in India by Foreign Entities Reporting to Income Tax Authorities. Attention of Authorised Dealer Category I banks is invited to A.P. (DIR Series) Circular No. 24 dated 30.12.2009 in… Read More
ECB Policy for 2G spectrum allocation
RBI/2012-13/310 A.P. (DIR Series) Circular No. 54 November 26, 2012 To, All Category - I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy for 2G spectrum allocation Attention of Authorized Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No. 26 dated October 22, 2008, para… Read More
Protocols for Deferred Payment between GoI and erstwhile USSR
RBI/2012-13/301 A.P. (DIR Series) Circular No. 53 November 20, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 38… Read More
Realisation and Repatriation of Export Proceeds of Goods and Software
RBI/2012-13/298 A.P. (DIR Series) Circular No. 52 November 20, 2012 To, All Category - I Authorised Dealer Banks Madam / Sir, Export of Goods and Software Realisation and Repatriation of export proceeds Liberalisation Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 40 dated November 01, 2011 enhancing the period… Read More
Obligations of Authorised Persons under Prevention of Money Laundering Act (PMLA)
RBI/2012-13/294 A.P. (DIR Series) Circular No. 51 November 15, 2012 To All Authorised Persons in Foreign Exchange Madam/Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards / Combating the Financing of Terrorism (CFT) Obligation of Authorised Persons under Prevention of Money Laundering Act, (PMLA), 2002, as amended by Prevention of Money Laundering (Amendment) Act, 2009… Read More
Memorandum of Instructions governing Money Changing Activities
RBI/2012-13 /287 A.P. (DIR Series) Circular No. 50 November 7, 2012 To, All Authorized Persons, Madam / Sir, Memorandum of Instructions governing Money Changing Activities Attention of Authorised Persons is invited to Para 17 of Part E of the Annex-I to the Memorandum of Instructions to Authorised Money Changers (AMCs), issued vide A. P. (DIR Series)… Read More
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