Customs Duty on Articles of Jewellery, Gold and Silver wares revised
As part of measures to contain the current account deficit, the customs duty on gold has been revised upwards periodically in the past two years. Prior to 17th January 2012, the import duty on standard gold (of purity 99.5% & above) was Rs. 300 per 10 gm. The duty was raised to 2% w.e.f. 17th… Read More
ICSI News:: Signs Tripartite MoU with West Bengal and Assocham for MSME growth
The Institute of Company Secretaries of India (ICSI), Department of Micro & Small Scale Enterprises and Textile, Government of West Bengal (MSSET) and Associated Chambers of Commerce and Industry (ASSOCHAM) have entered into a tripartite Memorandum of Understanding (TRI-MOU) for a larger cause of growth and development of the MSME sector in West Bengal. This… Read More
RBI : Enabling Urban Microfinance
Enabling Urban Microfinance (Keynote Address by Dr Deepali Pant Joshi, Executive Director, Reserve Bank of India at the Conference on The Challenges of Enabling Urban Finance organised by Minorities Development Department, Government of Maharashtra and MAVIM the State Womens™ Development Corporation on September 16, 2013 at Mumbai) At the outset, let me congratulate Additional Secretary… Read More
Amendments to SEBI (Alternative Investment Funds) Regulations, 2012
1. Giving effect to the announcement in Budget for FY 2013-14 by Hon'ble Finance Minister on angel investor pools, amendments to SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations) have been notified thereby providing a framework for registration and regulation of angel pools under a sub-category 'Angel Funds' under Category I- Venture Capital Funds. 2. Salient features… Read More
SEBI Finalizes Regulations for Angel Funds
THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, SEPTEMBER 16, 2013 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 16th September, 2013 SECURITIES AND EXCHANGE BOARD OF INDIA (ALTERNATIVE INVESTMENT FUNDS) (AMENDMENT) REGULATIONS, 2013 No. LAD-NRO/GN/2013-14/24/6573.- In exercise of the powers conferred by sub-section (1) of section 30 read… Read More
SEBI Circular on Debt Allocation Mechanism for FII/QFI – Government debt securities
CIRCULAR CIR/IMD/FIIC/15/2013 September 13, 2013 To 1. All Foreign Institutional Investors (through their designated Custodians of Securities) 2. National Stock Exchange Limited 3. Bombay Stock Exchange Limited 4. National Securities Depository Limited 5. Central Depository Services (India) Limited Dear Sir / Madam Sub: Debt Allocation Mechanism for FII/QFI - Government debt securities 1. SEBI vide… Read More
ICSI, ICAI, ICWAI sign MoU with Ministry of Corporate Affairs for setting up Centre of Excellence and Ethics
An MOU was signed between the three Professional Institutes of the Ministry of Corporate Affairs viz., The Institute of Company Secretaries of India (represented through its President, Shri S. N. Ananthasubramanain) , The Institute of Cost Accountants of India (represented through its President, Shri Suresh Chandra Mohanty) and the Institute of Chartered Accountants of India… Read More
RBI Policy on Lending Against Security of Single Product such as Gold Jewellery
RBI/2013-14/260 DNBS.CC.PD.No.356 /03.10.01/2013-14 September 16, 2013 To All NBFCs (excluding PDs) Dear Sir, Lending Against Security of Single Product Gold Jewellery It may be recalled that in the light of the spike in gold imports in the recent years and the potential threat this could pose to external stability of the country, the Working Group to Study… Read More
RBI Memorandum of Instructions governing money changing activities
RBI/2013-14/259 A.P. (DIR Series) Circular No. 45 September 16, 2013 To, All Authorised Persons in Foreign Exchange Madam/ Dear Sir, Memorandum of Instructions governing money changing activities Location of Forex Counters in International Airports in India Attention of Authorised Persons is invited to Para 2 (b) of the A.P.(DIR Series) Circular No.38 dated October 25, 2011.… Read More
RBI Review of FDI policy :: Definition for Control and Sector Specific Conditions
RBI/2013-14/255 A.P. (DIR Series) Circular No. 44 September 13, 2013 To All Category - I Authorised Dealer Banks Madam/ Sir, Foreign Direct Investment (FDI) in India Review of FDI policy definition for control and sector specific conditions Attention of Authorised Dealer Category I (AD Category-I) banks is invited to Annex B of Schedule 1 to the… Read More
RBI releases Handbook of Statistics on the Indian Economy 2012-13
The Reserve Bank of India today released the fifteenth volume of its annual statistical publication titled Handbook of Statistics on the Indian Economy (HBS) 2012-13. One of the major initiatives of the Reserve Bank, this publication is aimed at improving data dissemination to public. Through this publication, the Reserve Bank has been providing time series data… Read More
CCI orders investigation against M/s ACI for alleged violation of Competition Act
Competition Commission of India (CCI) has ordered investigation against M/s ACI India, M/s ACI Worldwide and M/s ACI Asia Pvt. Limited (Respondents) on the allegations of contravention of provisions of Competition Act. CCI had issued the order under Section 26(1) of the Competition Act, 2002 on the basis of information filed by M/s Financial Software… Read More
CLR Urgent :: Clarification on Commencement Notification of 12.09.2013
General Circular No.15/2013 F.No.01/12/2o13-CL-V Government of lndia Ministry of Corporate Affairs 5th Floor,'A'Wing, Shastri Bhawan, Dr.Rajendra Prasad Road, New Delhi-1 Dated 13.09.2013 To All Regional Directors, All Registrar of Companies. Subject: Clarification on the notification dated 12.9.2013 Sir, The companies Act 2013 received the assent of the president on 29th August, 2013 and was notified in the… Read More
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