MGT – 14 now under Straight Through Process Mode
The Ministry of Corporate Affairs has issued a Circular No. 28/2014 dated 9th July, 2014 in order to clarify the issues faced by the stakeholders in the approval of e-form MGT-14 which would now be filed under Straight Through Process Mode in all the cases except for change of name, change of object, resolution for… Read More
Hope for a positive, balanced and sustainable Budget 2014
Industry sentiments have been extremely positive and hopeful from the day the new Government has taken up.The eyes are on the new maiden Budget of Modi's Cabinet Minister Shri Arun Jaitley, as the Prime Minister is seeing this year's budget to be gleaming white. The new government is turning impatient to make a move towards… Read More
Master Circular Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998
RBI/2014-15/53 DNBS (PD) CC No 379/03.02.001/2014-15 July 1, 2014 To All Non-Banking Financial Companies (except Residuary Non-Banking Companies and Miscellaneous Non-Banking Companies) Dear Sirs, Master Circular Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998 As you are aware, in order to have all current instructions on the subject at one place, the… Read More
Stakeholders expectations rising as Union FM Shri Arun Jaitley to present maiden Budget 2014
The Union Finance Minister Shri Arun Jaitley will present his Budget proposal on Thursday i.e. 10th July, 2014 with an extensive effort to meet the demand of tax sops of the middle class community and to curb the current pursuing fiscal deficit to increase investment and growth. The Budget 2014-15 will be presented by the… Read More
SEBI Guidelines w.r.t Delivery Instruction Slips deferred till 1st October, 2014
The Stock and Exchange Board of India has issued a circular dated 4th July, 2014 in order to clarify the issues and obstacles with regard to the earlier guidelines issued to strengthen and monitor the process of Delivery Instruction Slips with the DP's for which the body had earlier issued a guideline on 7th January,… Read More
Financial Commitment (FC) by Indian Party under Overseas Direct Investments (ODI) Restoration of Limit
RBI/2014-15/117 A.P. (DIR Series) Circular No.1 July 3, 2014 To All Category I Authorised Dealer Banks Madam/ Sir, Financial Commitment (FC) by Indian Party under Overseas Direct Investments (ODI) Restoration of Limit Attention of the Authorised Dealer (AD - Category I) banks is invited to the provisions of the Notification No. FEMA.120/RB-2004 dated July 7,… Read More
Master Circular Corporate Governance
RBI/2014-15/36 DNBS (PD) CC No.390/03.10.001/2014-15 July 1, 2014 To All Non-Banking Financial Companies (NBFCs) Dear Sirs, Master Circular Corporate Governance In order to have all current instructions in one place, the Reserve Bank of India issues updated circulars/notifications on various subjects. It is advised that instructions on the captioned subject as updated till June 30, 2014, have… Read More
Master Circular on Memorandum of Instructions for Opening and Maintenance of Rupee/ Foreign Currency Vostro Accounts of Non-resident Exchange Houses
RBI/2014-15/14 Master Circular No. 3/2014-15 July 01, 2014 To, All Authorised Dealer Category-I Banks Madam / Sir, Master Circular on Memorandum of Instructions for Opening and Maintenance of Rupee/ Foreign Currency Vostro Accounts of Non-resident Exchange Houses This Master Circular consolidates the existing instructions on the subject of Memorandum of Instructions for Opening and Maintenance of Rupee/… Read More
Master Circular on Non-Resident Ordinary Rupee (NRO) Account
RBI/2014-15/7 Master Circular No. 2/2014-15 July 1, 2014 To, All Authorised Dealer Category I banks and Authorised banks Madam/ Sir Master Circular on Non-Resident Ordinary Rupee (NRO) Account The acceptance of deposits by an Authorised Dealer /Authorised bank from persons resident outside India are regulated by the provisions of sub-sections (1) and (2) of section… Read More
Master Circular on Risk Management and Inter-Bank Dealings
RBI/2014-15/12 Master Circular No. 5/2014-15 July 1, 2014 To, All Authorised Dealers - Category I Banks Madam / Sir, Master Circular on Risk Management and Inter-Bank Dealings Foreign Exchange Derivative Contracts, Overseas Commodity & Freight Hedging, Rupee Accounts of Non-Resident Banks, Inter-Bank Foreign Exchange Dealings, etc. are governed by the provisions in Notification No. FEMA 1/2000-RB,… Read More
Master Circular on Remittance Facilities for Non-Resident Indians / Persons of Indian Origin / Foreign Nationals
RBI/2014-2015/8 Master Circular No. 8 /2014-15 July 01, 2014 To All Authorised Dealer Category I banks and Authorised banks Madam / Sir Master Circular on Remittance Facilities for Non-Resident Indians / Persons of Indian Origin / Foreign Nationals Remittance facilities for Non-Residents /Persons of Indian Origin /Foreign Nationals are being governed by sub-section (1) and… Read More
Master Circular on Foreign Investment in India
RBI/2014-15/6 Master Circular No. 15/2014-15 July 01, 2014 To, All Category - I Authorised Dealer banks Madam / Sir, Master Circular on Foreign Investment in India Foreign investment in India is governed by sub-section (3) of Section 6 of the Foreign Exchange Management Act, 1999 read withNotification No. FEMA 20/2000-RB dated May 3, 2000, as… Read More
Master Circular on Acquisition and Transfer of Immovable Property in India by NRIs/PIOs/Foreign Nationals of Non-Indian Origin
RBI/2014-15/9 Master Circular No. 4/2014-15 July 1, 2014 To, All Category - I Authorised Dealer banks Madam / Sir Master Circular on Acquisition and Transfer of Immovable Property in India by NRIs/PIOs/Foreign Nationals of Non-Indian Origin Acquisition and transfer of immovable property in India by NRIs / PIOs / Foreign Nationals of Non-Indian Origin is… Read More
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