IT Governance For Depositories
CIRCULAR CIR/MRD/DMS/ 03 /2014 January 21, 2014 To All Depositories Dear Sir/ Madam Subject: (Information Technology) IT Governance For Depositories 1. SEBI constituted the Depository System Review Committee (DSRC) to undertake a comprehensive review of the Indian depository system. Based on the recommendations of DSRC, following guidelines are issued to strengthen the Information Technology (IT)… Read More
Amendments in Chapter 3 of Foreign Trade Policy 2009-14
To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (II) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Notification No: 64 (RE-2013)/2009-2014 New Delhi, the 06 January, 2014 Subject: Amendments in Chapter 3 of Foreign Trade Policy 2009-14 S.O.(E) In exercise of… Read More
RBI Guidelines on Legal Guardianship Certificates Issued under the Mental Health Act, 1987 and National Trust for the Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities Act, 1999
RBI/2013-14/456 UBD.BPD.(PCB) CIR No.44/13.01.000/2013-14 January 21, 2014 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Madam/Dear Sir, Legal Guardianship Certificates Issued under the Mental Health Act, 1987 and National Trust for the Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities Act, 1999 Please refer to our Circular UBD.CO.BPD.No.27/12.05.001/2007-08 dated December… Read More
The Expert Committee to Revise and Strengthen the Monetary Policy Framework Submits its Report
On September 12, 2013, Dr. Raghuram G Rajan, Governor had appointed an Expert Committee to revise and strengthen the monetary policy framework. The Committee submitted its report to the Governor today. Ajit Prasad Assistant General Manager Press Release : 2013-2014/1459 Report attached for download. Report of the Expert Committee to Revise and Strengthen the Monetary… Read More
RBI seeks Public Comments on Depositor Education and Awareness Fund Scheme
The Reserve Bank of India, today placed on its website, the draft Depositor Education and Awareness Fund Scheme for public consultation. Members of public, banks, academia, industry and other stakeholders may send their comments on the scheme by email by February 5, 2014. Background Pursuant to the amendment of The Banking Laws (Amendment) Act, 2012,… Read More
SEBI Circular on FII Position Limits in Exchange Traded Interest Rate Futures (IRF)
CIRCULAR CIR/MRD/DRMNP/2/2014 January 20, 2014 To Depositories, Recognized Stock Exchanges, Recognized Clearing Corporations, All Foreign Institutional Investors through their designated Custodians of Securities Dear Sir/Madam, Sub: FII Position Limits in Exchange Traded Interest Rate Futures (IRF) 1. SEBI in consultation with RBI, vide circular CIR/MRD/DRMNP/35/2013 dated December 5, 2013 prescribed the framework for Stock Exchanges… Read More
Lending against Gold Jewellery
RBI/2013-14/453 DBOD.BP.BC.No.86 /21.01.023 /2013-14 January 20, 2014 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Lending against Gold Jewellery Please refer to our circular DBOD.No.BC.138/21.01.023/94 dated November 22, 1994 on ˜Advances against Gold Ornaments and Jewellery for the purpose of Medical Expenses and Meeting Unforeseen Liabilities™, wherein banks were advised that while granting advances against… Read More
RBI Clarification on Facilities for Persons Resident outside India
RBI/2013-14/454 A.P. (DIR Series) Circular No.96 January 20, 2014 To All Category - I Authorised Dealer Banks Madam / Sir, Facilities for Persons Resident outside India Clarification Attention of Authorized Dealers Category I (AD Category- I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 [Notification… Read More
RBI appoints a Committee to Review Governance of Boards of Banks in India
The Reserve Bank of India has constituted an Expert Committee to Review Governance of Boards of Banks in India. The Committee would be chaired by Shri P. J. Nayak, former Chairman and CEO of Axis Bank; the other members being Shri S. Raman, Whole Time Member, Securities & Exchange Board of India, Smt. Shubhalakshmi Panse,… Read More
Assocham 6th National Conference on Companies Act 2013 at Ahmedabad
ASSOCHAM National Conferences on Companies Act 2013 - New Rules for the Game ----------------------------------------------------------------------------------- Overview The recently enacted Companies Act, 2013 is a historic piece of legislation aimed at improving transparency and accountability in India™s corporate sector. A part of the Act has already become effective with the notification of 98 sections and the draft Rules… Read More
Assocham National Conference on New Mergers & Acquisitions Era under the Companies Act – 2013 (Regulatory & Industry Perspective)
ASSOCHAM Presents National Conference on New Mergers & Acquisitions Era under the Companies Act - 2013 (Regulatory & Industry Perspective) ------------------------------------------------------------------------------------------------- Overview: The new Company Act, 2013 promises to bring easy and efficient way of doing business in India, better governance, improves levels of transparency, enhance accountability, inculcating self compliance and making corporate socially… Read More
Merchanting Trade Transactions
RBI/2013-14/452 A.P. (DIR Series) Circular No.95 January 17, 2014 To All Category - I Authorised Dealer Banks Merchanting Trade Transactions Madam / Sir, Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular Nos.106 & 4 dated June 19, 2003 and July 19, 2003 respectively, containing directions relating to merchanting or intermediary trade transactions.… Read More
Liquidity Adjustment Facility- Reverse Repo
RBI/2013-14/451 FMD.MOAG. No.95/01.01.001/2013-14 January 17, 2014 All Scheduled Commercial Banks (excluding RRBs) and Standalone Primary Dealers Madam / Sir, Liquidity Adjustment Facility- Reverse Repo Based on the feedback received from the market participants, it has been decided to revise the timings of Reverse Repo window under Liquidity Adjustment Facility (LAF). The Reverse Repo window will now… Read More
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