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
Seminar on ” Introduction to PE/VC Financing” by VC Circle on 20th February, 2015 at Mumbai
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
Computation of Net-worth
RBI/2014-15/411 DPSS.CO.AD.No.1344 02.27.005/2014-15 January 16, 2015 All the entities authorised under PSS Act, 2007 Dear Madam/ Sir, Computation of Net-worth As you are aware, under the Payment and Settlement Systems Act, 2007 (PSS Act) an entity operating a payment system within the country has to obtain authorisation from the Reserve Bank of India. The Reserve… Read More
RBI releases Guidelines on Criteria for Institutions, seeking Financial Assistance from the Depositor Education and Awareness Fund
The Reserve Bank of India released the Guidelines on the Criteria for registering institutions, organisations and associations for grant of financial assistance from the Depositor Education and Awareness Fund (Fund). Key features i) Objectives and Scope of activities: To grant financial assistance to institutions/ organisations/ associations for taking up various activities relating to promoting bank… Read More
3rd National Seminar on “Due Diligence” by ASSOCHAM India 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… Read More
RBI releases Guidelines on Criteria for Institutions, seeking Financial Assistance from the Depositor Education and Awareness Fund
The Reserve Bank of India released on its website today, the Guidelines on the Criteria for registering institutions, organisations and associations for grant of financial assistance from the Depositor Education and Awareness Fund (Fund). Key features i) Objectives and Scope of activities: To grant financial assistance to institutions/ organisations/ associations for taking up various activities… Read More
India Inc’s demand to lower Corporate Tax : Hoping for a favorable Budget 2015
Indian corporates demand for a lower Corporate Tax rate and disinvestment in the Government Stake in the public sector units and eye to have a higher personal tax exemptions limits. Despite all a huge expectation for the increase in the public expenditure to boost growth and the development in the country is the need from… Read More
Government plans to implement the new Companies Act, 2013; includes setting up of IEPFA and NFRA
The Ministry of Corporate Affairs has prepared a full road map for the implementation of the New Companies Act that envisages setting up of the Investor Education and Protection Fund Authority (IEPFA) and National Financial Reporting Authority (NFRA) within six months. The government is already in the final stages of the implementation of the rules… Read More
Workshop on FDI Policy & Current FEMA Regime, 06th February ‘2015 at Mumbai
The magnitude and complexity of the FEMA and FDI Policy needs to be understood well before playing in Indian financial markets. VCCircle™s workshop on FEMA & FDI Policy with highly acclaimed FEMA regulation expert Mr. PVR Rajendra Prasad will identify the practical issues and help create a broader understanding of the foreign exchange laws and… Read More
Corporate Law Reporter wishes a very Happy New Year 2015
Corporate Law Reporter gladly wishes all its subscribers a very Happy & Prosperous New Year 2015. May this year brings lots of joy and hapiness in the lives of all and keep all healthy & wealthy. Best Wishes Corporate Law Reporter Read More
RBI imposes penalty on Rajputana Mahila Urban Co-operative Bank Limited, Jaipur
The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Rajputana Mahila Urban Co-operative Bank Limited, Jaipur in exercise of powers vested in it under the provisions of Section 47(A) (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies),… Read More
Government of India announce the sale of Four dated securities on December 26, 2014
The Government of India have announced the sale (re-issue) / new of four dated securities as per the following details: Sr. No. Security Notified Amount (` Crore) Auction Date Settlement date 1 8.08% Government Stock 2022 2,000 December 26, 2014 (Friday) December 29, 2014 (Monday) 2 8.15% Government Stock 2026 6,000 3 9.20% Government Stock… Read More
Money Market Operations as on December 20, 2014
(Amount in ` crore, Rate in per cent) MONEY MARKETS @ Volume Wtd.Avg.Rate Range (One Leg) A. Overnight Segment (I+II+III+IV) 7,016.60 7.87 5.00-8.50 I. Call Money 393.50 6.37 5.00-8.00 II. CBLO 6,623.10 7.96 6.30-8.50 III. Market Repo 0.00 - IV. Repo in Corporate Bond 0.00 - B. Term Segment I. Notice Money** 48.00 7.05 7.00-7.25… Read More
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