National Seminar on Corporate Valuation
National Seminar on Corporate Valuation - Practice & Procedure - Wednesday, 30th April, 2014 Hotel The Royal Plaza, New Delhi Greeting from ASSOCHAM...!!! Corporate valuations form the basis of corporate finance activity, including Capital Raising, Mergers, Acquisitions, Demergers and Disposals. Even various provisions of Companies Act, 2013 has given great emphasis to the… Read More
SEBI Local Office inaugurated at Ranchi
The local office of Securities and Exchange Board of India (SEBI) at Ranchi was inaugurated by Shri R.S. Sharma, Chief Secretary, Government of Jharkhand, today, in the presence of Shri U.K. Sinha, Chairman, SEBI. Speaking on the occasion, Shri Sharma stressed on the need for the public financial institutions and regulators to work towards financial… Read More
RBI Seeks Feedback on Concept Paper on Trade Receivables and Credit Exchange for Financing MSMEs
The Reserve Bank of India has today sought feedback on the Concept Paper on Trade Receivables and Credit Exchange for Financing Micro, Small and Medium Enterprises (MSMEs). Comments may be emailed or sent by post to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid… Read More
Companies Act 2013 to come into force from 1.4.2014
PUBLIC NOTICE The Ministry of Corporate Affairs is going to introduce the new forms pertaining to the New Act probably from 01.04.2014. The Ministry shall close down the Front Office portal after 25.03.2014. The Ministry has directed that all the work items should be cleared on or before 25.03.2014 because these work items will not… Read More
Google and Viacom settle YouTube copyright suit
Viacom International Inc et al v. YouTube Inc et al, 2nd U.S. Circuit Court of Appeals, No. 13-1720 Google Inc has settled a landmark copyright lawsuit in which Viacom Inc accused the Internet search company of posting its programs on the YouTube video service without permission. The settlement ends seven years of litigation that drew… Read More
PRIVATE PLACEMENT UNDER COMPANIES ACT, 2013
Private placement means any offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way of public offer) through issue of a private placement offer letter and which satisfies the conditions specified in section 42. If a company, listed or unlisted, makes an offer to… Read More
NCLT put on hold pending writ petition by Madras Bar Association
The government has put the process on hold pending a writ petition filed by the Madras Bar Association in the Supreme Court two months after inviting applications for the posts of judicial members in the National Company Law Tribunal. The Ministry of Corporate Affairs has told the Supreme Court that the process of recruiting judicial and… Read More
A Study of Corporate Bond Market in India: Theoretical and Policy Implications
The Reserve Bank of India released on its website the DRG Study titled, A Study of Corporate Bond Market in India: Theoretical and Policy Implications. The study is co-authored by Prof. Sunder Raghavan, Professor of Finance, Embry-Riddle Aeronautical University; and Shri Ashok Sahoo, Director, Financial Stability Unit; Shri Angshuman Hait Assistant Adviser, Department of Statistics… Read More
RBI signs Letter on Cooperation in the area of Banking Supervision with Financial Services Agency, Japan (FSA)
The Reserve Bank of India has signed and exchanged Letter on Co-operation in the area of Banking Supervision with Financial Services Agency, Japan. The Reserve Bank has been signing the Memorandum of Understanding (MoU) with supervisors of other countries to promote greater co-operation and sharing of supervisory information between the two supervisors. Till date, RBI… Read More
India™s International Trade in Services for the Month of January 2014
The Reserve Bank releases provisional aggregate monthly data on India's international trade in services with a lag of around 45 days. Accordingly, the data for the month of December 2013 were released on February 14, 2014. The value of exports and imports of services during the month of January 2014 are given in the following… Read More
Government to push active e-governance implementation
THE government is finalizing plans to set up departments that will govern the use of Social, Mobile, Analytics, and Cloud (SMAC) technologies as part of its efforts to drive the next phase of e-governance. The information technology (IT) ministry is working with the states and some ministries in the Union government to adopt a set… Read More
Government to seek approval of Election Commission to launch FDI in online retail
THE government has decided to allow Foreign Direct Investment (FDI) in online retail. It will seek the approval of the Election Commission to ensure that the government will not be violating the model code of conduct as the process had been initiated much before the election dates were announced. It is likely that foreign companies… Read More
RRBs/StCBs/CCBs – 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 Recognising e-Aadhaar as an ˜Officially Valid Document™ under PML Rules
RBI/2013-14/518 RPCD.RRB.RCB.AML.BC.No. 92/07.51.018/2013-14 March 13, 2014 The Chairmen / CEOs of all Regional Rural Banks / State and Central Co-operative Banks Dear Sir, RRBs/StCBs/CCBs - 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 Recognising e-Aadhaar as an ˜Officially… Read More
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