Others - Corporate Law Reporter

RBI releases Guidelines for Licensing of Small Finance Banks in the Private Sector

The Reserve Bank of India released on its website today, the Guidelines for Licensing of Small Finance Banks in the Private Sector. Key features of the Small Finance Bank guidelines are: i) Objectives: The objectives of setting up of small finance banks will be to further financial inclusion by (a) provision of savings vehicles, and… Read More

Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of Payment System Operators under Prevention of Money Laundering Act (PMLA), 2002 Obligation of Payment System Operators Amendment to Prevention of Money-Laundering (Maintenance of Records) Rules 2013

RBI/2014-15/321 DPSS.CO.AD.No.891/02.27.005/2014-15 November 27, 2014 All Payment System Providers, System Participants and Prepaid Payment Instrument Issuers Madam/Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of Payment System Operators under Prevention of Money Laundering Act (PMLA), 2002 Obligation of Payment System Operators Amendment to Prevention of Money-Laundering… Read More

Seminar on PE/VC Exit Strategies Workshop by VC Circle on 21st November, 2014 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

Anti-Money Laundering (AML)/ Combating of Financing of Terrorism (CFT) – Standards

RBI/2014-15/295 DBR. AML. No. 6704/ 14.01.001/2014-15 November 5, 2014 The Chairmen/CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks / All India Financial Institutions Dear Sir, Anti-Money Laundering (AML)/ Combating of Financing of Terrorism (CFT) - Standards Please refer to our letter DBOD. AML. No. 1422/ 14.01.001/2014-15 dated July 22, 2014 on… Read More

RBI Announces 42 days Cash Management Bill

The Reserve Bank of India has announced the auction of the 42-days Government of India Cash Management Bills for a notified amount of ` 10,000 crore on November 10, 2014. The auction will be conducted on November 10, 2014 (Monday) using "Multiple Price Auction" method. The Cash Management Bills will be repaid at par on… Read More

Markets at a bullish trend as Sensex crosses 28,000 mark and Nifty too at record high

The markets turned bullish as the BSE Sensex surged 144 points on Wednesday at open and crossed the 28,000 mark rising over and above at intra day close making a record high trend. Nifty too crossed the 8,000 market with the rise in the stock indices. The hot stocks amongst the market such as Bharti… Read More

GUIDING FACTORS IN FILING RESOLUTIONS AND AGREEMENTS WITH ROC UNDER THE COMPANIES ACT, 2013

Introduction Simplicity has lost its meaning under the new Act. Complexity under the garb of ''Transparency and Accountability' has forced entered the door of Corporate Sector. Simplicity is thrown out of the window. This Statement may seem to be harsh but that is the reality. The reader could very well understand this fact when he… Read More

Seminar on FDI Policy and Current FEMA Regime by VC Circle on 28th November, Mumbai

The new consolidated FDI Policy issued by the Government of India in April, 2014 (2014 FDI Policy) and certain significant changes made thereafter are expected to attract more FDI equity inflows into India. Indian overseas investment policies have been progressively liberalized and simplified to meet the changing needs of a growing economy. The magnitude and… Read More

Seminar on PE/VC Exit Strategies by VC Circle at Mumbai on 21st Nov,2014

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

Court may declare the judgement date on October 30, 2014 in Satyam Fraud

A local court trying over the case of the big accounting fraud in the case of the Satyam Computers is likely to announce the judgement date on October 30, 2014. An order has been made that all the accused more than 10 in no. which includes the top management, the auditors and other top executive… Read More

Indian economy likely to grow at faster pace draws huge investments

The country's economy will likely grow at its fastest pace in two years in the current fiscal year as Prime Minister Narendra Modi initiates reforms to attract investments in the country. The decision from Modi's election victory earlier in the year helped India's economy growth rate increase for the quarter ending in June. Hope of… Read More

Know Your Customer (KYC) Norms: Clarification on proof of address

RBI/2014-15/273 UBD. BPD (PCB). Cir.No. 22/14.01.062/2014-15 October 22, 2014 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam/Dear Sir, Know Your Customer (KYC) Norms Clarification on proof of address Please refer to our circular UBD.BPD.(PCB).Cir.No.69/14.01.062/2013-14 dated June 10, 2014 on the captioned subject. In this connection we also draw your attention to our circular UBD. BPD (PCB).… Read More

PM Modi brightens the economic prospects with reforms

The Prime Minister Shri Narendra Modi has made certain reforms in the last week by cutting down the fuel prices, pledging to open up the coal mining for the private players. The reforms are seen as some of the most significant since the BJP had come up in the ruling phase by the country's biggest… Read More