Legal Updates - Corporate Law Reporter

RBI Master Circular on Maintenance of Deposit Accounts Primary (Urban) Co-operative Banks

RBI/2010-11/93 UBD.PCB. MC.No:13 /13.01.000/2010-11 July 01, 2010 Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Master Circular on Maintenance of Deposit Accounts Primary (Urban) Co-operative Banks Please refer to our Master Circular UBD BPD (PCB) MC.No: 13 /13.01.000/2009-10 dated July 01, 2009 on the captioned subject (available at RBI website www.rbi.org.in). The enclosed Master… Read More

Master Circular on entry into insurance business, issue of credit card and marketing & distribution of certain products

RBI/2011-12/27; DNBS (PD) CC No. 233/03.10.001/2011-12; July 1, 2011 All Non-Banking Financial Companies (NBFCs) Master Circular - allied activities- entry into insurance business, issue of credit card and marketing and distribution of certain products In order to have all current instructions in one place, the Reserve Bank of India has consolidated all the instructions issued on… Read More

RBI Master Circular on Lending to Micro, Small & Medium Enterprises (MSME) Sector

RBI/2011-12/83 RPCD.SME & NFS. BC. No. 09/06.02.31/ 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 Micro, Small & Medium Enterprises (MSME) Sector As you are aware, the Reserve Bank of India has, from time to time, issued a… Read More

RBI Master Circular on Appointment & delisting of Brokers and Payment of Brokerage on Relief / Savings Bonds

RBI/2011-12/95 DGBA.CDD No. H 9020 / 13.01.299 / 2011-12 July 01, 2011 Ashadha 10, 1933 (S) The Chairman / Managing Director State Bank of India and Associate banks 17 Nationalized banks Axis Bank Ltd / ICICI Bank Ltd / IDBI Bank / HDFC Bank Ltd / Stock Holding Corporation of India Ltd Dear Sir/Madam Master… Read More

RBI Master Circular Priority Sector Lending-Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)

RBI/2011-12/86 RPCD.GSS Div.BC.No.3/09.09.01/2011-12 July 1, 2011 The Chairman / Managing Director All Indian Scheduled Commercial Banks Dear Sir, Master Circular Priority Sector Lending-Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs) Reserve Bank of India has, periodically, issued instructions / directives to banks with regard to providing credit facilities to Scheduled Castes (SCs) and… Read More

Master Circular on Know Your Customer’ Guidelines

RBI/2011-12/25; DNBS (PD) CC No.231/03.10.42/2011-12; July 1, 2011 All Non-Banking Financial Companies (NBFCs), Miscellaneous Non-Banking Companies (MNBCs), and Residuary Non-Banking Companies (RNBCs) Master Circular 'Know Your Customer' (KYC) Guidelines Anti Money Laundering Standards (AML) -'Prevention of Money Laundering Act, 2002 - Obligations of NBFCs in terms of Rules notified thereunder™ As you are aware, in… Read More

RBI Master Circular on Nomination facility in Relief / Savings Bonds

RBI/2011-12/96 DGBA.CDD No. H 9022 / 13.01.299 / 2011-12 July 1, 2011 Ashadha 10, 1933 (S) The Chairman / Managing Director State Bank of India and Associate banks 17 Nationalized banks Axis Bank Ltd / ICICI Bank Ltd / IDBI Bank / HDFC Bank Ltd / Stock Holding Corporation of India Ltd Dear Sir/Madam Master… Read More

RBI Master Circular on Guidelines for Issue of Certificates of Deposit

RBI/ 2011-12/90 IDMD.PCD.5 /14.01.03/2011-12 July 1, 2011 The Chairmen / Chief Executives of All Scheduled Banks (excluding RRBs and LABs) and All-India Term Lending and Refinancing Institutions Dear Sir/Madam, Master Circular - Guidelines for Issue of Certificates of Deposit With a view to further widening the range of money market instruments and giving investors greater… Read More

RBI Master Circular on Para-banking Activities

RBI /2010-11/60 DBOD. No.FSD.BC. 17/24.01.001/2010-11 July 1, 2010 Ashadha 10, 1932 (Saka) All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Master Circular - Para-banking Activities Please refer to the Master Circular No.DBOD.FSD.BC.18/24.01.001/2009-10 dated July 1, 2009 consolidating the instructions/ guidelines issued to banks till June 30, 2009 on para-banking activities. The Master Circular has been suitably updated… Read More

RBI Master Circular on Call/Notice Money Market Operations

RBI/2011-12/91 IDMD.PCD.3 /14.01.01/2011-12 July 1, 2011 The Chairmen/Chief Executives of all Scheduled Commercial Banks (excluding RRBs) / Co-operative Banks / Primary Dealers Dear Sir/Madam, Master Circular on Call/Notice Money Market Operations The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks and the Primary Dealers in regard to… Read More

RBI Master Circular on Exemptions from the provisions of RBI Act, 1934

RBI/2010-11/22; DNBS.PD. CC.No.228 /03. 02.004 / 2011-12; July 1, 2011 (i) The Secretary, Ministry of Finance (ii) The Chairman, Securities and Exchange Board of India (iii) President of the Institute of Chartered Accountants of India (iv) President of the Institute of Company Secretaries of India (v) Associations of NBFCs Master Circular- Exemptions from the provisions… Read More

RBI Master Circular on Guidelines for Issue of Commercial Paper

RBI/2011-12/89 IDMD.PCD. 4 /14.01.02/2011-12 July 1, 2011 The Chairmen/Chief Executives of All Scheduled Banks, Primary Dealers and All-India Financial Institutions Dear Sir/Madam, Master Circular - Guidelines for Issue of Commercial Paper Commercial Paper (CP), an unsecured money market instrument issued in the form of a promissory note, was introduced in India in 1990 with a… Read More

Master Circular on Operational Guidelines to Primary Dealers

RBI/2011-12/92; IDMD.PDRD.01 /03.64.00/2011-12; July 1, 2011 All Primary Dealers Master Circular Operational Guidelines to Primary Dealers The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to the Primary Dealers (PDs) in regard to their operations in the Government Securities Market and other activities. To enable the PDs to have… Read More