Guidelines for dealing with Conflict of Interest for investment/ trading by CRAs, Access Persons and other employees
CIRCULAR CIR/MIRSD/6/2013 August 28, 2013 To All Credit Rating Agencies (CRAs) registered with SEBI Sub: Guidelines for dealing with Conflict of Interest for investment/ trading by CRAs, Access Persons and other employees 1. SEBI (Credit Rating Agencies) Regulations, 1999 (hereinafter referred to as "the Regulations") and SEBI circular dated May 3, 2010 require every CRA to formulate the… Read More
General Guidelines for dealing with Conflicts of Interest of Intermediaries, Recognised Stock Exchanges, Recognised Clearing Corporations, Depositories and their Associated Persons in Securities Market
CIRCULAR CIR/MIRSD/5/2013 August 27, 2013 To Registered Intermediaries Recognised Stock Exchanges Recognised Clearing Corporations Depositories Sir/ Madam, Sub: General Guidelines for dealing with Conflicts of Interest of Intermediaries, Recognised Stock Exchanges, Recognised Clearing Corporations,… Read More
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Twelfth Amendment) Regulations, 2013
RESERVE BANK OF INDIA (Foreign Exchange Department) (Central Office) NOTIFICATION No. FEMA. 285/2013-RB Mumbai, 30th August, 2013 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Twelfth Amendment) Regulations, 2013 G.S.R. 597(E).”In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999… Read More
SEBI (Alternative Investment Funds) Regulations 2012 (AIFR) Certain Critical Issues
By Uday N Kajaria Chartered Accountant and Company Secretary uday.kajaria@gmail.com Introduction SEBI (Alternative Investment Funds) Regulations 2012 (hereinafter referred to as ˜AIFR™) notified on 21st May, 2012 provides a platform to the investor to pool their resources for investment in specified sectors such as start-ups, early stage ventures, SME, Infrastructure sector, subscribing to unsubscribed portion… Read More
Water Disputes Tribunal
There are 8 no. of Inter-State River Water Disputes tribunal set up under Inter State River Water Disputes (ISRWD) Act, 1956. Their present status are as follows: S. No Name of Tribunal States concerned Date of constitution Present Status 1. Godavari Water Disputes Tribunal Maharashtra, Andhra Pradesh, Karnataka, Madhya Pradesh & Orissa April, 1969 Award given on July, 1980 2 Krishna… Read More
National Electricity Fund
In order to provide interest subsidy on loans raised by distribution companies to improve the distribution network, National Electricity Fund (NEF), an interest subsidy scheme has been set up. Under the Scheme, loan amounting to Rs.25,000 cr. sanctioned by lenders during the financial year 2012-13 & 2013-14 for capital projects in distribution sector duly approved… Read More
PM’s statement on the economic situation in the Rajya Sabha
"It cannot be denied that the country is faced with a difficult economic situation. And there are several causes. I do not deny that there are some domestic factors but there are also international factors arising out of the changes in the US monetary stance. There are also problems created by the new tensions that… Read More
FM Speak :: Banks must ensure flow of Credit to Every Sector of Industry
FM: Banks must ensure flow of Credit to Every Sector of Industry; Bankers told to be Sympathetic and have Humane Approach towards Genuine Defaulters The Union Finance Minister Shri P. Chidambaram said that banks must ensure flow of credit to every sector of industry. He said that bankers have been told to be sympathetic and have… Read More
Implementation of Section 51-A of UAPA, 1967 – Primary (Urban) Co-operative Banks
RBI/2013-14/204 UBD.BPD.(PCB).Cir.No.6/14.01.062/2013-14 August 28, 2013 The Chief Executive Officer of All Primary (Urban) Co-operative Banks Dear Madam / Sir, Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1267 (1999) / 1989 (2011) Committe™s Al Qaida Sanction List - Primary (Urban) Co-operative Banks Please refer to our circular UBD.BPD.PCB).Cir.No.52/14.01.062/2012-13 dated May 31, 2013 on… Read More
UCBs – FCNR (B)/NRE Deposits-Exemption from maintenance of CRR/SLR and exclusion from ABC for Priority Sector Lending
RBI/2013-14/203 UBD.BPD.(PCB) CIR No. 5/13.01.000/2013-14 August 27, 2013 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir/Madam, Section 42(1) of the Reserve Bank of India Act, 1934 and Section 18 and 24 of the Banking Regulation Act, 1949 (AACS) FCNR (B)/NRE deposits - Exemption from maintenance of CRR/SLR and exclusion from ABC for… Read More
RBI introduces Forex Swap Window for Public Sector Oil Marketing Companies
On the basis of assessment of current market conditions, Reserve Bank of India has decided to open a forex swap window to meet the entire daily dollar requirements of three public sector oil marketing companies (IOC, HPCL and BPCL). Under the swap facility, Reserve Bank will undertake sell/buy USD-INR forex swaps for fixed tenor with… Read More
Government initiatives to prevent the sale of spurious/ adulterated drugs
Some cases of sale of spurious, sub-standard and expired drugs have been detected by the State Drugs Control Authorities. A statement giving the details of number of drugs samples tested, number of drugs samples declared not of standard quality, number of drug samples declared spurious/ adulterated, number of prosecutions launched for manufacturing, sale and distribution… Read More
Drug Trial Policy
In order to strengthen the regulatory provisions and the monitoring mechanism of clinical trials in the country, Drugs and Cosmetics Rules, 1945 have been amended as follows:- A. Amendment vide Gazette Notification G.S.R. 53 (E) dated 30-01-2013 specifying procedures to analyze the reports of Serious Adverse Events occurring during clinical trials and procedures for payment… Read More
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