FEMA - Corporate Law Reporter

Pricing guidelines for Allotment of Shares to person resident outside India under Memorandum of Association (MoA) of an Indian company

RBI/2012-13/223 A.P. (DIR Series) Circular No. 36 September 26, 2012 To All Category - I Authorised Dealer banks Madam / Sir, Foreign Direct Investment (FDI) in India - Allotment of Shares to person resident outside India under Memorandum of Association (MoA) of an Indian company - Pricing guidelines Attention of Authorised… Read More

Deferred Payment Protocols between Government of India and erstwhile USSR – RBI Circular Sep 26, 2012

RBI/2012-13/225 A.P. (DIR Series) Circular No. 37 September 26, 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. 6… Read More

RBI-Establishment of Liaison Offices (LO) /Branch Offices (BO) / Project Offices (PO) in India by Foreign Entities Reporting requirement

RBI/2012-13/222 A. P. (DIR Series) Circular No. 35 September 25, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Establishment of Liaison Offices (LO) /Branch Offices (BO) / Project Offices (PO) in India by Foreign Entities Reporting requirement Attention of Authorised Dealer Category I banks is invited to A.P. (DIR Series) Circular No.… Read More

FDI-Review of the policy on Foreign Direct Investment in the Civil Aviation sector

Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No.6 (2012 Series) Subject: Review of the policy on Foreign Direct Investment in the Civil Aviation sector 1.0 Present Position: 1.1 Paragraph 6.2.9.3 of 'Circular 1 of 20 12-Consolidated FDI Policy', effective from April 10,2012, relating to air transport… Read More

FDI- Review of the policy on Foreign Direct Investment- allowing FDI in Multi-Brand Retail Trading.

Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion (FC-I Section) Press Note No.5 (2012 Series) Subject: Review of the policy on Foreign Direct Investment- allowing FDI in Multi-Brand Retail Trading. 1.0 Present Position: Foreign Direct Investment (FDI) is prohibited in retail trading, except in single-brand product retail trading, in which FDI,… Read More

FDI-Review of the policy on Foreign Investment (FI) in companies operating III the Broadcasting Sector

Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No.7 (2012 Series) Subject: Review of the policy on Foreign Investment (FI) in companies operating III the Broadcasting Sector 1.0 Present Position: 1.1 As per extant policy, the foreign investment (FI) limits, in companies operating in the Broadcasting Sector, are set… Read More

FDI-Policy on foreign investment in Power Exchanges

Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No.8 (2012 Series) Subject: Policy on foreign investment in Power Exchanges 1.0 Present Position: 1.1 As per extant policy, FDI, up to 100%, under the automatic route, is permitted in the power sector (except atomic energy). This includes generation, transmission… Read More

Review of the policy of Foreign Investment in Companies Operating in the Broadcasting Sector

The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Industrial Policy & Promotion for Review of the policy on Foreign Investment (FI) in companies operating in the Broadcasting Sector. Enhanced access to foreign investment is expected to expand the reach of broadcasting services, thereby improving accessibility of these services, and bring in… Read More

Review of Policy on Foreign Direct Investment in Civil Aviation Sector

The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Industrial Policy and Promotion for permitting foreign airlines to make foreign investment, up to 49 percent in scheduled and non-scheduled air transport services. Removing the existing restriction on investment by foreign airlines would assist in bringing in strategic investors into the… Read More

Policy on Foreign Investment in Power Trading Exchanges

The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Industrial Policy & Promotion for permitting foreign investment up to 49 percent, in Power Trading Exchanges. The CCEA has decided to permit foreign investment, up to 49 percent (FDI & FII) [FDI limit of 26 per cent and FII limit of… Read More

Amendment of conditions in the policy on Foreign Direct Investment in single-brand product retail trading

The Cabinet has approved the proposal of the Department of Industrial Policy & Promotion for amendment of the existing policy on Foreign Direct Investment in Single-Brand Product Retail Trading. Vide Press Note 1(2012 Series) dated 10.1. 2012, Government had permitted FDI, up to 100%, in single brand product retail trading, subject to specified conditions, including,… Read More

Permitting FDI in multi-brand product retail trading

The Cabinet has approved the proposal of the Department of Industrial Policy & Promotion for permitting FDI in multi-brand retail trading, subject to specified conditions. The proposal had earlier been approved by the Cabinet in its meeting on 24.11.2011. However, implementation of the proposal had been deferred, for evolving a broader consensus on the subject.… Read More

NPA Management Requirement of an Effective Mechanism and Granular Data

RBI/2012-13/208 DBOD.No.BP.BC/41/21.04.048/2012-13 September 14, 2012 The Chairman and Managing Director/ Chief Executive Officer of All Scheduled Commercial Banks (Excluding RRBs) 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,… Read More