Others - Corporate Law Reporter

RBI releases Data on India™s Invisibles for First and Second Quarter (April-June and July-September) of 2014-15

The Reserve Bank today released data on India's invisibles as per the IMF's Balance of Payments and International Investment Position Manual (BPM6) format for April-June 2014 and July-September 2014. Sangeeta Das Director Press Release : 2014-2015/1280 Read More

FM tables the much long awaited GST bill in Lok Sabha

The Goods and Service Tax ('GST') is a Value Added Tax (VAT) aimed at creating a single tax for goods and services across the country as it will replace all indirect taxes levied on goods and services by the Central and State Governments. The Finance Minister, Arun Jaitley, tabled the long-pending GST bill in 'Lok… Read More

Foreign Exchange Management (Deposit) Regulations, 2000 – Exemption thereof

RBI/2014-15/360 A.P. (DIR Series) Circular No.51 December 17, 2014 To All Category - I Authorised Dealer Banks Madam / Sir, Foreign Exchange Management (Deposit) Regulations, 2000 - Exemption thereof Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Regulation 4(5) of the Foreign Exchange Management (Deposit) Regulations, 2000, notified vide Notification No. FEMA… Read More

Flexible Structuring of Existing Long Term Project Loans to Infrastructure and Core Industries

RBI/2014-15/354 DBR.No.BP.BC.53/21.04.132/2014-15 December 15, 2014 The Chairman and Managing Director/Chief Executive Officer All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir, Flexible Structuring of Existing Long Term Project Loans to Infrastructure and Core Industries Please refer to our circular DBOD.No.BP.BC.24/21.04.132/2014-15 dated July 15, 2014 on Flexible Structuring of Long Term… Read More

Foreign Direct Investment (FDI) in India Review of FDI policy Sector Specific conditions- Railway Infrastructure

RBI/2014-15/341 A.P.(DIR Series) Circular No.47 December 8, 2014 To All Category I Authorised Dealer banks Madam/Sir, Foreign Direct Investment (FDI) in India Review of FDI policy Sector Specific conditions- Railway Infrastructure Attention of Authorised Dealer Category I (AD Category-I) banks is invited to Annex A and Annex B of Schedule 1 to the Foreign Exchange… Read More

Introduction of Digital Life Certificates for Pensioners

RBI/2014-15/343 DGBA.GAD.H- 2529/45.01.001/2014-15 December 9, 2014 The Chairman/Chief Executive Officer All agency banks Dear Sir Introduction of Digital Life Certificates for Pensioners As per the present scheme for payment of government pension, pensioners are required to furnish a life certificate in November every year to the bank concerned for continued receipt of pension without interruption.… Read More

Foreign Direct Investment (FDI) in India Review of FDI policy Sector Specific conditions

RBI/2014-15/339 A.P.(DIR Series) Circular No.45 December 8, 2014 To All Category I Authorised Dealer banks Madam/Sir, Foreign Direct Investment (FDI) in India Review of FDI policy Sector Specific conditions Attention of Authorised Dealer Category I (AD Category-I) banks is invited to Annex B of Schedule 1 to the Foreign Exchange Management (Transfer or Issue of… Read More

Supreme Court constituted Social Justice Bench to deal with the Social Issues

The Supreme Court has set up a special 'Social Justice Bench' to exclusively hear cases concerning social issues particularly those related to women, children and underprivileged saying that specialized approach is needed for dealing with these matters. Emphasizing that judiciary needs to be proactive to ensure early disposal of such cases and to bring fruits… Read More

Mobile Banking Transactions in India – Operative Guidelines for Banks

RBI/2014-15/337 DPSS.CO.PD.No.1017/02.23.001/2014-2015 December 04, 2014 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Madam /Dear Sir Mobile Banking Transactions in India - Operative Guidelines for Banks A reference is invited to our Master Circular RBI/… Read More

Corrigendum to news dated 3rd December’2014 w.r.t Companies (Amendment) Bill, 2014

We had published a news w.r.t Companies (Amendment) Bill, 2014 on our portal Corporate Law Reporter on 3rd December, 2014 in which we had erroneously mentioned the wrong description which shall be corrected as follows: Companies (Amendment) Bill, 2014 approved by the Union Cabinet to be placed in the Parliament to give effect to the… Read More

RBI™s Final Guidelines on Bharat Bill Payment System

The Reserve Bank of India has today released the final Guidelines for implementation of Bharat Bill Payment System (BBPS). In terms of the guidelines, the National Payments Corporation of India (NPCI) will function as the authorised Bharat Bill Payment Central Unit (BBPCU) to set the standards for BBPS processes which need to be adhered to… Read More

2nd National Conference on “Corporate Compliance Management” by ASSOCHAM INDIA on 12th December, 2014 at New Delhi

2nd National Conference Corporate Compliance Management Mantra for Good Governance Friday, 12th December 2014 Hotel Royal Plaza, Delhi Corporate Compliance is the latest buzzword in the corporate world after then much publicized Corporate Governance. If we believe that corporate governance is here to stay, then corporate compliance has to start performing. Today corporate India has realised… Read More

Branch Authorisation Policy – Information to be submitted by Banks along with Annual Branch Expansion Plan (ABEP)

RBI/2014-15/326 DBR.No.BAPD.BC.51/22.01.001/2014-15 November 28, 2014 All Domestic Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Branch Authorisation Policy - Information to be submitted by Banks along with Annual Branch Expansion Plan (ABEP) Please refer to our circulars DBOD.No.BAPD.BC.54/22.01.001/2013-14 dated September 19, 2013, and DBOD.No.BAPD.BC.60/22.01.001/2013-14 dated October 21, 2013 regarding relaxations in Branch Authorisation Policy. Accordingly, circular… Read More