RBI sets up Committee on Data and Information Management in the Reserve Bank of India
The information requirement for monetary and macro financial policies as well as supervision has become more demanding with the increasing integration of the Indian economy and markets with the global economy. Periodic assessment of the institutional process of data capture and management, therefore, becomes important to strengthen the information base of policy making. However, for… Read More
Borrowing and Lending in Rupees – Investments by persons resident outside India in the tax free, secured, redeemable, non-convertible bonds
RBI/2013-14/416 A.P. (DIR Series) Circular No.81 December 24, 2013 To All Authorised Dealer Category - I Banks Madam / Dear Sir Borrowing and Lending in Rupees - Investments by persons resident outside India in the tax free, secured, redeemable, non-convertible bonds Attention of Authorized Dealer Category - I (AD Category - I) banks is invited… Read More
RBI cautions users of Virtual Currencies against Risks
The Reserve Bank of India has today cautioned the users, holders and traders of Virtual currencies (VCs), including Bitcoins, about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to. The Reserve Bank has mentioned that it has been looking at the developments relating to certain electronic records… Read More
Merry Christmas to all our Patrons – Team @ Corporate Law Reporter
SEBI Consultation paper on Infrastructure Investment Trusts
SEBI is inviting Public comments on the consultative paper on the aforesaid proposals as laid out in the Document attached here. Comments may be forwarded by email to Ms. Nila Salil Khanolkar, Assistant General Manager (nila@sebi.gov.in) or Mr. Naveen Gupta, Assistant Manager (naveeng@sebi.gov.in) latest by January 20, 2014. The Comments should be given in the… Read More
Deferred Tax Liability on Special Reserve created under Section 36(1) (viii) of the Income Tax Act, 1961
RBI/2013-14/412 DBOD. No.BP.BC.77/21.04.018/2013-14 December 20, 2013 The Chairmen and Managing Directors / Chief Executive Officers of all Commercial Banks (excluding Regional Rural Banks) Dear Sir, Deferred Tax Liability on Special Reserve created under Section 36(1) (viii) of the Income Tax Act, 1961 Please refer to our mailbox clarification dated November 6, 2009 with respect to… Read More
MCA Clarification with regard to applicability of section 182(3) of the Companies Act, 2013
Circular No 19/2013 No. 17/27/2013-CL-V Government of India Ministry of Corporate Affairs Shastri Bhawan, 5th Floor, 'A' Wing, Dr. Rajendra Prasad Road, New Delhi 110001 Dated 10.12.2013 To All Registrar of Companies All Regional Director Sub:- Clarification with regard to applicability of section 182(3) of the Companies Act, 2013. Sir, Ministry has received representations seeking clarification… Read More
MCA Notification on Exemption from Vessel Sharing Agreements
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 11 th December, 2013 S.O. 3641(F).- In exercise of powers conferred by clause (a) of Section 54 of the Competition Act, 2002 (12 of 2003), the Central Government, in public interest, hereby exempts the Vessel Sharing Agreements (VSAs) of Liner Shipping Industry from the provisions of Section… Read More
SEBI Rationalization of Periodic Call Auction for Illiquid Scrips
Securities and Exchange Board of India CIRCULAR CIR/MRD/DP/38 /2013 December 19, 2013 To All Stock Exchanges Dear Sir/Madam, Sub: Rationalization of Periodic Call Auction… Read More
Declaration and Undertaking regarding PCC, MCV or equivalent structure by FIIs
CIRCULAR CIR/IMD/FIIC/21/ 2013 December 19, 2013 To, All Foreign Institutional Investors through their designated Custodians of Securities Dear Sir/ Madam, Sub: Declaration and Undertaking regarding PCC, MCV or equivalent structure by FIIs. SEBI vide circular CIR/IMD/FIIC/1/2010 dated April 15, 2010 had mandated all Foreign Institutional Investors/ Sub Accounts to submit Declaration and Undertaking… Read More
Deposit Requirements for members of the Debt Segment
CIRCULAR CIR/MRD/DRMNP/37/2013 December 19, 2013 To All recognized Stock Exchanges and Clearing Corporations Dear Sir / Madam, Sub: Deposit Requirements for members of the Debt Segment 1. SEBI vide circular no CIR/MRD/DP/03/2013 dated January 24, 2013 prescribed guidelines for providing dedicated debt segment on stock exchanges. Subsequently, SEBI (Stock Brokers and Sub-Brokers) Regulations was amended to enable registration… Read More
Class Action Suits Under Companies Act, 2013
The concept of Class Action Suits is among one of the many novelties introduced by the Companies Act, 2013. Thought the concept per se is not new but in Indian context it has found statutory recognition and enforceability now only by means of Companies Act 2013. The first time class action suit came to the… Read More
Patent Office issues Public Notice w.r.t. Patent Renewal Certificates and related facilities
Government of India Office of The Controller General Patents, Designs & Trade Marks Boudhik Sampada Bhavan, Nr. Antop Hill Head Post Office, S.M. Road, Antop Hill, Mumbai-400 037, India. No. CG/F/Public Notice/2013/122 … Read More
Subscribe to the Daily Journal
Corporate Law Referencer
India’s Leading Compliance Software
