Revised PAN form to include mother’s name
CBDT has revised PAN Application form49A and 49AA wef from 16.05.2014 vide its notification no. 26/2014 , Dated- 16-5-2014. Revised Form 49A and 49AA provides option to get printed Mothers Name on PAN card. So those applying for New PAN card or for revised PAN card have the option to get printed on their PAN card printed the name of his/her mother. But applicant can select only one option, he /she cannot have the name of… Read More
Role of Stock exchange in Corporate Governance
Introduction. Corporate Sectors want a wide market for trading of securities. The investors want liquidity for their investments. The securities which they hold should easily be sold when they need cash. Thus, there should be a place where the securities may be purchased and sold. Stock exchange provides such a place where securities of different… Read More
RBI simplifies Documentation for NBFC Registration
The Reserve Bank of India has simplified the documentation for Non-Banking Financial Companies (NBFCs). Now, there will be a common application form for NBFCs, Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs), NBFC-Factors and Infrastructure Development Finance- Non-Banking Financial Companies (IDF-NBFCs). The application form for Core Investment Companies (CICs) has been redesigned and there are two checklists… Read More
External Commercial Borrowings (ECB) from Foreign Equity Holder – Simplification of Procedure
RBI/2013-14/594 A.P. (DIR Series) Circular No.130 May 16, 2014 To All Category I Authorised Dealer Banks Madam/Sir, External Commercial Borrowings (ECB) from Foreign Equity Holder - Simplification of Procedure Attention of Authorised Dealer Category I (AD Category I) banks is invited to the A.P. (DIR Series) Circular No. 05 dated August 01, 2005 as amended from time… Read More
External Commercial Borrowings (ECB) Policy – Refinance / Repayment of Rupee loans raised from domestic banking system
RBI/2013-14/585 A.P. (DIR Series) Circular No.129 May 9, 2014 To All Category I Authorised Dealer Banks Madam/ Sir, External Commercial Borrowings (ECB) Policy - Refinance / Repayment of Rupee loans raised from domestic banking system Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 28 dated January 25, 2010, A.P.… Read More
External Commercial Borrowings (ECB) Policy: Re-schedulement of ECB – Simplification of procedure
RBI/2013-14/584 A.P. (DIR Series) Circular No. 128 May 9, 2014 To All Category I Authorised Dealer Banks Madam/ Sir, External Commercial Borrowings (ECB) Policy: Re-schedulement of ECB - Simplification of procedure Attention of Authorised Dealer Category I (AD Category I) banks is invited to the instructions contained in A.P. (DIR Series) Circular No.33 dated February… Read More
Revised Exposure Drafts of Secretarial Standards With Respect To General and Board Meetings For Public Comments (Last Date For Comments: May 21, 2014)
REVISED EXPOSURE DRAFTS OF SECRETARIAL STANDARDS WITH RESPECT TO GENERAL AND BOARD MEETINGS FOR PUBLIC COMMENTS (Last Date for comments: May 21, 2014) Section 118(10) of the Companies Act, 2013 provides that every company shall observe Secretarial Standards with respect to General and Board Meetings specified by the Institute of Company Secretaries of India constituted… Read More
One time opportunity for extension of Period of Reservation of Name
General Circular No. 11/2014 MCA21/ 72/2014-e-gov.Cell Government of India Ministry of Corporate Affairs "A" Wing, 5th Floor, Shastri Bhawan Dr. R.P Road, New Delhi-110001 Date 12th May, 2014 To All Regional Directors, All Registrar of Companies, All Stakeholders. Sub: - One time opportunity for extension of Period of Reservation of Name. Sir, Services for incorporation… Read More
Good news as the Indian Capital Market leading in a very strong position
S&P BSE Sensex hits record high above 25,000 level and the CNX Nifty above 7,000.The Sensex was up around 1200 points at today's market open and showed an overall positive market.Investors are very much hopeful for all time gains as Bhartiya Janata Party (BJP) sure of having a stable Government at the Central level when… Read More
Bombay High Court Order on CA2013: Rules not valid from 1st April, 2014 if not notified in Official Gazette
Bombay high court in scheme of amalgamation between Wadala Commodities Limited with Godrej Industries Limited has passed a judgment on postal ballot and e-voting. Court has observed that postal ballot and e-voting is an additional facility and cannot have the effect of dispensing the general meeting at all. Further, the court stated that gazetted copy… Read More
Minutes of the Meeting of the Technical Advisory Committee on Monetary Policy
The thirty sixth meeting of the Technical Advisory Committee (TAC) on monetary policy was held on March 26, 2014 in the run up to the First Bi-monthly Monetary Policy Review of 2014-15 on April 1, 2014.The main points of discussion in the meeting are set out below. 1. Most of the Members were of the… Read More
RBI releases Final Report on Enabling PKI in Payment System Applications
The Reserve Bank of India has released, on its website, the final Report of the Technical Committee on Enabling Public Key Infrastructure (PKI) in Payment System Applications. It had released the draft report for public comment on February-March 2014. Cognisant of the fact that non-PKI enabled payment systems, such as, clearing (Magnetic Ink Character Recognition… Read More
Uniform Accounting Standards at ARCs
RBI/2013-14/571 DNBS (PD) CC. No. 38/SCRC/26.03.001/2013-14 April 23, 2014 The Chairman/Managing Director/Chief Executive Officer All registered Securitisation Companies/Reconstruction Companies Dear Sir, Uniform Accounting Standards at ARCs Please refer to "The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003" dated April 23, 2003 (herein after called Guidelines). 2. Pursuant to the recommendations of… Read More
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