Legal Updates - Corporate Law Reporter

RBI Master Circular on Capital Adequacy Standards and Risk Management Guidelines for standalone Primary Dealers

RBI/2011-12/93; IDMD.PDRD.02 /03.64.00/2011-12; July 1, 2011 All Standalone Primary Dealers Master Circular- Capital Adequacy Standards and Risk Management Guidelines for standalone 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… Read More

RBI Master Circular on Self Employment Scheme for Rehabilitation of Manual Scavengers

RBI/2011-12/85; RPCD.GSS Div..BC. No.5/09.03.01/2011-12; July 1, 2011 The Chairman/ Managing Director All Indian Public Sector Banks (Excluding RRBs) Master Circular on Self Employment Scheme for Rehabilitation of Manual Scavengers (SRMS) from the Ministry of Social Justice & Empowerment for rehabilitation of all the remaining scavengers and their dependents Reserve Bank of India had issued instructions… Read More

RBI Master Circular on Prudential Norms on Capital Adequacy – UCBs

RBI/2011-12/41 UBD.BPD.(PCB) MC No. 6/09.18.201/2011-12 July 1, 2011 The Chief Executive Officers All Primary (Urban) Co-operative Banks Madam / Dear Sir, Master Circular- Prudential Norms on Capital Adequacy - UCBs Please refer to our Master Circular UBD. PCB. MC. No. 6 / 09.18.201 / 2010-11 dated July 1, 2010 on the captioned subject (available at RBI… Read More

Master Circular on Maintenance of Statutory Reserves-Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks

RBI/2011-12/40 UBD.PCB. MC.No:15 /12.03.000/2011-12 July 1, 2011 Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Master Circular on Maintenance of Statutory Reserves- Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks Please refer to our Master Circular UBD CO.PCB.MC.No.15/12.03.000/2010-11 dated July 1, 2010 on the captioned subject. The… Read More

First Meeting of Members of S&T Advisory Committee held on 1st July, 2011

Shri Kapil Sibal(Union Minister for Human Resource Development) held a meeting with the members of the recently constituted Advisory Committee of Science and Technology on 1st July 2011. The chairman of the committee was Prof. Roddam Narasimha Other members of the Committee are Dr Anil Kakodkar, Dr M.K.Bhan, Prof A.K.Sood, and Prof V.Kannan. Prof K.Vijayraghavan,… Read More

Mortgage Guarantee Companies Prudential Norms (Reserve Bank) Directions, 2008- Updated

RBI/2011-12/33; DNBS (PD-MGC) C.C. No. 9/23.11.01/2011-12; July 1, 2011 The Chairman/CEOs of all Mortgage Guarantee Companies Notification as amended upto June 30, 2011 Mortgage Guarantee Companies Prudential Norms (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

Mortgage Guarantee Company (Reserve Bank) Guidelines, 2008- Updated

RBI/2011-12/32; DNBS (PD-MGC) C.C. No. 8/23.11.01/2011-12; July 1, 2011 Notification DNBS(PD)MGC No.3 /CGM (PK) - 2008 dated February 15, 2008 Guidelines on Registration and Operations of Mortgage Guarantee Company under Section 45L(1)(b) of the Reserve Bank of India Act, 1934 The Reserve Bank of India, in terms of Notification No. DNBS. (MGC) 1 /CGM (PK)-… Read More

The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003

RBI/2011-2012/35 DNBS (PD) CC. No. 25 / SCRC / 26.03.001/ 2011-2012 July 1, 2011 Notification as amended upto June 30, 2011 - The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of… Read More

RBI Master Circular on Miscellaneous Instructions to NBFC-ND-SI

RBI/2011-12/29; DNBS (PD) CC No. 235/03.10.001/2011-12; July 1, 2011 All Non-Banking Financial Companies (NBFCs) Master Circulars - Miscellaneous Instructions to NBFC- ND-SI In order to have all current instructions in one place, the Reserve Bank of India has consolidated all the instructions issued during the year ended June 30, 2011. The circular seeks to consolidate… Read More

Customs Notification related to Crude,Diesel, petrol and petroleum products

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Corrigendum to Notification No. 52/2011 G.S.R. 494 (E). - In the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 52/2011-Customs, dated the 25th June, 2011 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number… Read More

Stringent provisions by CBEC for governing Import Manifest (Aircraft)

Instruction F.No.520/14/2011-Cus.VI Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs 227-B, North Block, New Delhi-110001. 1st July, 2011. To All Chief Commissioners of Customs / Customs (Prev). All Chief Commissioners of Customs & Central Excise. All Commissioners of Customs / Customs (Prev). All Commissioners of Customs & Central… Read More

ICAI celebrates its 63rd Foundation Day

The Institute of Chartered Accountants of India (ICAI) celebrated its 63rd foundation day on 1st July, 2011. It was on this day in 1949 the Chartered Accountants Act was passed by the Parliament. At a function organised in Vigyan Bhawan, New Delhi Shri Rameshwar Thakur, Past President,ICAI and the Governor of Madhya Pradesh was the Chief Guest of the function. Deputy Chairman, Rajya Sabha, CA. K.Rahman Khan and Minister of… Read More

Companies eligible for shifting from Trade for Trade Settlement to normal Rolling Settlement

CIR/MRD/DP/ 09 /2011 July 01, 2011 All Stock Exchanges Sub: Establishment of Connectivity with both depositories NSDL and CDSL Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement 1. It is observed from the information provided by the depositories that the companies listed in Annexure A have established connectivity with both… Read More