The Securities and Exchange Board of India issued SEBI (Second Amendment) Regulations, 2014 pertaining to the raising of the investment limits of the anchor investors and also relating to the preferential issues. This circular shall be made applicable on or after the date of the circular. In order to remove the difficulties the impact of… Read More
The Ministry of Corporate Affairs had issued a General Notice informing the stakeholders on 13th September, 2014 about the change in the version of certain forms under Companies Act, 2013 namely DIR-11, DIR-12, MGT-14 and refund forms. All the stakeholders are requested to download and fill the latest version of the forms and the updated… Read More
RBI/2014-15/227 UBD.BPD.Cir.No.14/12.05.001/2014-15 September 11, 2014 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir / Madam Inoperative Accounts Please refer to Paragraph 2(iv) of our Circular UBD.BPD.(PCB).Cir.No.9/13.01.000/2008-09 dated September 1, 2008 on Unclaimed Deposits / Inoperative Accounts in Banks in terms of which a savings as well as current account should be treated as inoperative… Read More
RBI/2014-15/221 DBOD.No.CID. 41/20.16.003/2014-15 September 9, 2014 All Scheduled Commercial Banks (excluding RRBs and LABs) and All India Notified Financial Institutions (FIs) Dear Sir/ Madam Guidelines on Wilful Defaulters Clarification regarding Guarantor, Lender and Unit Please refer to the Master Circular on Wilful Defaulters DBOD.No.CID.BC.3/20.16.003/2014-15 dated July 1, 2014. 2. Paragraph 2.1 of the circular lists… Read More
RBI/2014-15/217 DBOD. APPT.BC.No. 40 /29.39.001/2014-15 September 9, 2014 To The Managing Director & Chief Executive Officers of all Private Sector Banks Dear Sir / Madam, Upper age limit for Whole Time Directors on the Boards of Banks The matter relating to fixing an upper age limit for the post of Managing Director & Chief Executive… Read More
RBI/2014-15/216 A.P. (DIR Series) Circular No.28 September 8, 2014 To All Category - I Authorised Dealer Banks Madam / Sir, Risk Management and Inter Bank Dealings: Hedging Facilities for Foreign Portfolio Investors (FPIs) Attention of Authorised Dealers Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated… Read More
Market ended with a long term high as foreign institutional investors infused a large amount of money over the past days and has led to a strong BSE index of sensex and nifty, The S&P BSE Sensex ended at all-time closing high of 27,319.85, up 293.15 points or 1.08 per cent. It touched all-time high… Read More
New Indian government's reforms agenda, foreign institutional investors have poured in nearly Rs 9,000 crore in the capital market in the first week of the month. Net investments by foreign investors in the equity segment was Rs 3,972 crore from September 1-5, while they infused a net amount of Rs 5,013 crore in the debt market during… Read More
The Ministry of Corporate Affairs has issued an order dated 4th September, 2014 to clarify the issues with respect to 143 of the Companies Act, 2013. In section 143 of the Companies Act, 2013 in sub-section (5), for the portion beginning with the words " In the case of a Government company" and ending with the… Read More
RBI/2014-15/212 DBOD.AML.BC.No. 39/14.01.001/2014-15 September 4, 2014 The Chairperson/Chief Executive Officers All Scheduled Commercial Banks (excluding RRBs) / All India Financial Institutions/ Local Area Banks Dear Madam/Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 Obligation of banks Client… Read More
RBI/2014-15/206 A.P. (DIR Series) Circular No.25 September 3, 2014 To All Category - I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) in Indian Rupees Attention of Authorised Dealer Category I (AD Category I) banks is invited to Regulation 6 of Notification No. FEMA.3/2000-RB dated May 03, 2000 in terms of which persons… Read More
The Reserve Bank of India has released, on its website,data on the performance of non-financial private Corporate Business Sector during 2013-14. The data compiled are based on the abridged financial results of 2,854 listed non-government non-financial (NGNF) companies. To enable comparison, similar data pertaining to 2012-13 are also presented. Coverage of… Read More
Preliminary data on India's balance of payments (BoP) for the first quarter (Q1), i.e., April-June, of the financial year 2014-15, are now available and presented in Statements I and II. While Statement I presents BoP data in BPM6 format, Statement II provides the same as per the old format.Developments in India's BoP during April-June 2014… Read More