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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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Govt. amends PFRDA (Salary and Allowances ) Rules
MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 2nd August, 2017 G.S.R. 987(E).— In exercise of the powers conferred by clause (a) of sub-section (2) of section 51, read with sub-section (3) of section 5 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013), the Central Government hereby… Read More
SEBI constitutes Committee on Financial and Regulatory Technologies
Aug 03, 2017 … Read More
SEBI approves products to be traded on stock exchange in GIFT city IFSC
Products accorded approval by SEBI for trading in stock exchanges in GIFT City IFSC Gujarat International Finance Tec-City International Financial Service Centre (GIFT City IFSC) has been set up with an objective to, inter alia, enable Indian entities to compete on an equal footing with offshore financial centres and to provide facilities and regulations… Read More
RBI issues Statement on Developmental and Regulatory Policies
Measures to Improve Monetary Policy Transmission The experience with the Marginal Cost of Funds Based Lending Rate (MCLR) system introduced in April 2016 for improving the monetary transmission has not been entirely satisfactory, even though it has been an advance over the Base Rate system. An internal Study Group has been constituted by the Reserve… Read More
Repo rate under Marginal Standing Facility reduced to 6.25%
RBI/2017-2018/31 FMOD.MAOG. No. 122/01.18.001/2017-18 August 2, 2017 All Scheduled Commercial Banks (excluding RRBs) Scheduled UCBs & PDs Madam / Sir, Marginal Standing Facility As announced in the Third Bi-monthly Monetary Policy Statement, 2017-18, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by… Read More
RBI reduces Repo and Reverse Repo rate under Liquidity Adjustment Facility
RBI/2017-2018/32 FMOD.MAOG. No 121/01.01.001/2017-18 August 2, 2017 All Scheduled Commercial Banks (excluding RRBs), Scheduled Urban Co-operative Banks and Standalone Primary Dealers Madam / Sir, Liquidity Adjustment Facility – Repo and Reverse Repo Rates As announced in the Third Bi-monthly Monetary Policy Statement, 2017-18, today, it has been decided by the Monetary Policy Committee (MPC) to reduce… Read More
Standing Liquidity Facility for Primary Dealers to be provided at revised repo rate
RBI/2017-2018/33 REF.No.MPD.BC.382/07.01.279/2017-18 Shravana 11,1939 (Saka) August 2, 2017 To All Primary Dealers Dear Sir/Madam, Standing Liquidity Facility for Primary Dealers Please refer to the Third Bi-monthly Monetary Policy Statement, 2017-18 - Resolution of the Monetary Policy Committee (MPC), in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25… Read More
RBI issues third Bi-monthly Monetary Policy Statement, 2017-18
On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to: reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.25 per cent to 6.0 per cent with immediate effect. Consequently, the reverse repo rate… Read More
RBI reduces Bank Rate from 6.50% to 6.25% w.e.f. 02.08.2017
RBI/2017-18/34 DBR.No.Ret.BC.82/12.01.001/2017-18 August 02, 2017 The Chairperson / CEOs of all Scheduled and Non Scheduled Banks Dear Sir / Madam, Change in Bank Rate Please refer to our circular DBR.No.Ret.BC.58/12.01.001/2016-17 dated April 06, 2017 on the captioned subject. 2. As announced in the Third Bi-Monthly Monetary Policy Statement 2017-18 dated August 02, 2017, the Bank Rate stands adjusted… Read More
RBI issues circular on amended Basel III Framework on Liquidity Standards
RBI/2017-18/36 DBR.BP.BC.No. 81/21.04.098/2017-18 August 02, 2017 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standard Please refer to our circular DBOD.BP.BC.No.120/21.04.098/2013-14 dated June 9, 2014 “Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring… Read More
RBI clarifies issue of comprehensive Credit Information Reports
RBI/2017-18/35 DBR.CID.BC.No.79/20.16.042/2017-18 August 2, 2017 All Credit Information Companies Dear Sir/Madam Issue of comprehensive Credit Information Reports Please refer to para (v) of Annex IV to our circular DBOD.No.CID.BC.127/20.16.056/2013-14 dated June 27, 2014 advising Credit Information Companies (CICs) to include information on all accounts, both current and past, of a customer having multiple borrowings, in her/his Credit… Read More
Import of Red Sanders is prohibited :DGFT
MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 1st August, 2017 No. 17/2015-2020 Subject: Amendment in import policy conditions of items under Exim Code 44039918 under Chapter 44 of ITC (HS), 2017–Schedule–1 (Import Policy). S.O. 2432(E).—In exercise of powers conferred by Section 3 of FT (D&R)… Read More
CBEC clarifies on Leviability of IGST on High Sea Sales of imported goods
Circular No. 33 /2017-Cus F.No.450/131/2017-CusIV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) New Delhi, dated the 1st August, 2017 TO, All Principal Chief Commissioners/Chief Commissioners of Customs / Customs (Preventive), All Principal Chief Commissioners/Chief Commissioners of Customs and Central Excise/ GST, All Principal Commissioners/Commissioners of Customs /… Read More
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