Legal Updates - Corporate Law Reporter

RBI Master Circular on Detection and Impounding of Counterfeit Notes

RBI/2011-12/78 DCM(FNVD) No.G-5 /16.01.05/ 2011-12 July 1, 2011 The Chairman / Managing Director, Commercial Banks,Cooperative Banks, RRBs / Private Banks,Foreign Banks and Director of Treasuries of all States Dear Sir/Madam, Master Circular Detection and Impounding of Counterfeit Notes Please refer to the Master Circular DCM (FNVD) No.G-4/16.01.05/ 2010-11 dated July 1, 2010 consolidating the instructions issued… Read More

RBI Master Circular on Frauds Classification and Reporting

RBI/2010-11/104 DBS. FrMC. BC. No.1/23.04.001/2010-11 July 01, 2010 The Charimen & Chief Executive Officers of all Scheduled Commercial Banks (excluding RRBs) and All India Select Financial Institutions Dear Sir, Frauds Classification and Reporting Please refer to our letter DBS. FrMC. BC. No.1 /23.04.001/2008-09 dated July 01, 2009 forwarding the Master Circular on 'Frauds Classification and… Read More

RBI-Master Circular on Conduct of Government Business by Agency Banks-Payment of Agency Commission

RBI/2011-12/97; DGBA.GAD. No.H. 3 /31.12.010/2011-12; 1 July 2011 All Agency Banks Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission Reserve Bank of India has been issuing various instructions on Agency Commission payable to banks from time to time. These instructions were contained in our master circular RBI/2009-10/89 (DGBA.GAD.… Read More

RBI Master Circular on directions/instructions issued to the Securitisation Companies/ Reconstruction Companies

RBI/2011-2012/16 DNBS (PD) CC. No. 27/SCRC/26.03.001/ 2011-2012 July 1, 2011 Master Circular on directions/instructions issued to the Securitisation Companies/ Reconstruction Companies As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated circulars/notifications. A gist of circulars issued by the Bank to Securitisation… Read More

RBI Master Circular on Regulatory Framework for Core Investment Companies (CICs)

ï»¿ RBI/2011-12/31; DNBS (PD) CC No.237/03.02.001/2011-12; July 1, 2011 All Core Investment Companies Master Circular Regulatory Framework for Core Investment Companies(CICs) As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated circulars / notifications. The instructions contained in the circular DNBS(PD)CC.No.197/03.10.001/2010-11… Read More

RBI Master Circular -Opening of Branch-Subsidiary-Joint Venture-Representative office or Undertaking Investment Abroad by NBFCs

RBI/2011-12/101 DNBS (PD) CC No. 238/03.02.001/2011-12 July 1, 2011 To All Non-Banking Finance Companies Dear Sir, Master Circular 2011 Opening of Branch-Subsidiary-Joint Venture-Representative office or Undertaking Investment Abroad by NBFCs As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated Circulars… Read More

RBI Notification Mortgage Guarantee Companies Investment (Reserve Bank) Directions, 2008

RBI/2010-11/34 DNBS (PD-MGC) C.C. No.10/23.11.01/2011-12 July 1, 2011 The Chairman/CEOs of all Mortgage Guarantee Companies Dear Sir, Notification as amended upto June 30, 2011 Mortgage Guarantee Companies Investment (Reserve Bank) Directions, 2008 As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues… Read More

RBI – Non-Banking Financial Companies Auditor™s Report (Reserve Bank) Directions, 2008.

RBI/2011-12/20 DNBS (PD) CC No. 226/03.02.001/2011-12 July 1, 2011 To The Chairman/CEOs of all Non-Banking Financial Companies (except Residuary Non-Banking Companies and Miscellaneous Non-Banking Companies) Dear Sir, Notification as amended upto June 30, 2011 Non-Banking Financial Companies Auditor™s Report (Reserve Bank) Directions, 2008. As you are aware, in order to have all current instructions on… Read More

Hazardous Waste Rules to be strictly followed w.r.t. import of Electrical and Electronic Assemblies

Circular No.27/2011-Customs F. No.401/130/2011-Cus III Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Room No. 253-A, North Block, To, All Chief Commissioners of Customs/ Customs (Prev.) All Chief Commissioners of Customs & Central Excise All Directors General of CBEC, All Commissioners of Customs / Customs (Prev.) All… Read More

RBI Master Circular on Lending to Priority Sector

RBI/2011-12/107 RPCD. CO. Plan. BC 10/04.09.01/ 2011-12 July 1, 2011 The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)] Dear Sir, MASTER CIRCULAR - LENDING TO PRIORITY SECTOR The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks on lending to Priority… Read More

Investment by Banks in Liquid/Short term Debt Schemes capped at 10%

RBI/2011-12/106 DBOD.No.BP.BC. 23/21.04.141/2011-12 July 5, 2011 The Chairmen & Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Investment by banks in liquid/short term debt schemes of mutual funds Please refer to paragraph 112 of the Monetary Policy Statement 2011-12 (extract enclosed) wherein it has been indicated that… Read More

RBI Master Circular on Direct Investment JV / WOS Abroad

RBI/2011-12/11 Master Circular No.11/2011-12 July 1, 2011 To, All Banks Authorised to Deal in Foreign Exchange Madam / Sir, Master Circular on Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad Direct investments by residents in Joint Venture (JV) and Wholly Owned Subsidiary (WOS) abroad are being allowed, in terms… Read More

RBI- Master Circular on Collection of Direct Taxes- OLTAS

RBI/2009-10/60; DGBA.GAD.No. H-2 /42.01.034/2009-10; July 1, 2009 All Agency Banks Master Circular Collection of Direct Taxes- OLTAS Please refer to our master circular RBI/2008-09/81 dated July 01, 2008 on the above subject which was issued with a view to facilitate quick reference to all the extant instructions issued on the subject at one place. We… Read More