Corporate Law Reporter - The Daily Journal

External Commercial Borrowings (ECB) – Extension and conversion

RBI/2016-17/92 A.P. (DIR Series) Circular No. 10 October 20, 2016 To All Category - I Authorised Dealer Banks Madam/Sir, External Commercial Borrowings (ECB) – Extension and conversion Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to paragraph No. C.14, F.18 and F.19 of Annex to A.P. (DIR Series) Circular No.32 dated November 30,… Read More

Investment by a Foreign Venture Capital Investor (FVCI) registered under SEBI (FVCI) Regulations, 2000

RBI/2016-17/89 A.P. (DIR Series) Circular No. 7 October 20, 2016 To All Category - I Authorised Dealer Banks Madam/Sir, Investment by a Foreign Venture Capital Investor (FVCI) registered under SEBI (FVCI) Regulations, 2000 Attention of Authorised Dealers Category – I (AD Category - I) banks is invited to the Foreign Exchange Management (Transfer or Issue… Read More

Foreign Exchange Management (Manner of receipt and payment) Regulations, 2016

RBI/2016-17/93 A.P. (DIR Series) Circular No. 11 [(1)/14(R)] October 20, 2016 To All Category - I Authorised Dealer Banks Madam/Sir, Foreign Exchange Management (Manner of receipt and payment) Regulations, 2016 Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.D.(M.A. Series) Circular No. 11 dated May 16, 2000 in terms of which ADs… Read More

Participation of Foreign Portfolio Investors (FPIs) in Government securities on NDS-OM platform

RBI/2016-17/86 FMRD.DIRD.08/14.03.007/2016-17 October 20, 2016 All SGL/CSGL Account holders Dear Sir/Madam, Participation of Foreign Portfolio Investors (FPIs) in Government securities on NDS-OM platform In terms of RBI circular FMRD.DIRD.06/14.03.007/2014-15 dated March 20, 2015, FPIs are currently permitted to transact in the Over-The-Counter (OTC) market for Government securities with T+2 settlement. 2. As announced in paragraph… Read More

Review of sectoral caps and simplification of Foreign Direct Investment (FDI) Policy

RBI/2016-17/88 A.P. (DIR Series) Circular No. 6 October 20, 2016 To All Category - I Authorised Dealer Banks Madam/Sir, Review of sectoral caps and simplification of Foreign Direct Investment (FDI) Policy Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a… Read More

MCA releases new LLP Forms

LLP Forms Form 3 and Form 4 are likely to be revised on MCA21 LLP Forms Download page w.e.f 21st October 2016. Stakeholders are advised to check the latest version before filing Read More

Order under Section 119 of the Income-tax Act, 1961

Central Board of Direct Taxes releases order F.No. 225/195/2016 dated 18th of October, 2016 regarding order under section 119 of the Income-tax Act, 1961 Please click on the below link to download the order: Order under Section 119 of the Income-tax Act, 1961 Read More

Facilitating transaction in Mutual Fund schemes through the Stock Exchange Infrastructure

CIRCULAR SEBI/HO/MRD/DSA/CIR/P/2016/113 October 19, 2016 To All Recognised Stock Exchanges, All Recognised Clearing Corporation, All Depositories. Dear Sir / Madam, Subject: Facilitating transaction in Mutual Fund schemes through the Stock Exchange Infrastructure 1. SEBI vide circular no. CIR/MRD/DSA/32/2013 dated October 04, 2013 had permitted mutual fund distributors to use recognised stock exchanges' infrastructure to purchase… Read More

Income Tax calculations for the financial year 2016-17

The Ministry of Corporate Affairs has issued Income Tax calculations for the financial year 2016-17 dated 18th October, 2016, please click on the below link to download the Income Tax calculations Income Tax calculations for the financial year 2016-17 Read More

MCA releases new forms of CHG-8, AOC-4 and 20-B

Forms CHG-8, AOC-4 and 20-B are likely to be revised on MCA21 Company Forms Download page w.e.f 22nd OCT 2016. Stakeholders are advised to check the latest version before filing. Read More

GST Implementation Classroom

Bullion as collateral

CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2016/112 October 14, 2016 To, The Managing Directors / Chief Executive Officers NationalCommodity Derivatives Exchanges Sir / Madam, Sub: Bullion as collateral 1. Vide circular no. CIR/CDMRD/DRMP/01/2015 dated October 01, 2015SEBI had specified comprehensiverisk management framework for national commodity derivatives exchanges including norms on collateral that can be accepted by Exchanges from their members.… Read More

Operating Guidelines for Payments Banks

RBI/2016-17/80 DBR.NBD.No.25/16.13.218/2016-17 October 6, 2016 Chief Executive Officers of Payments Banks Madam / Dear Sir, Operating Guidelines for Payments Banks Please refer to the Guidelines for Licensing of Payments Banks (‘Licensing Guidelines’) dated November 27, 2014, under which in-principle approvals/ licences were issued to the applicants for setting up of the payments banks. 2. The… Read More