Corporate Law Reporter - The Daily Journal

Conference Alert – Corporate Crimes & Organisational Integrity Management 2013

Companies are susceptible to economic crime especially during stressed economies. Deliberate steps by one or more individuals, internal or external to deceive or mislead with the objective of misappropriating assets of a business, distorting an organization's apparent financial performance or strength, or otherwise obtaining an unfair advantage can be termed as corporate crime. Corporate crime… Read More

Master Circular – Guidelines for Issue of Commercial Paper

RBI/2013-14/105 IDMD.PCD. 04/14.01.02/2013-14 July 1, 2013 All market participants Dear Sir/Madam, Master Circular - Guidelines for Issue of Commercial Paper Commercial Paper (CP), an unsecured money market instrument issued in the form of a promissory note, was introduced in India in 1990 with a view to enable highly rated corporate borrowers to diversify their sources… Read More

Master Circular – Guidelines for Issue of Certificates of Deposit

RBI/ 2013-14/104 IDMD.PCD. 05 /14.01.03/2013-14 July 1, 2013 All market participants Dear Sir/Madam, Master Circular - Guidelines for Issue of Certificates of Deposit With a view to further widening the range of money market instruments and giving investors greater flexibility in deployment of their short-term surplus funds, Certificates of Deposit (CDs) were introduced in India… Read More

Doctrine Of Lis Pendens :: A Critical Evaluation

An Article by Prarthna Baranwal, Student, Hidayatullah National Law University, Raipur INTRODUCTION The broad principle underlying S. 52 of the Transfer of Property Act is to maintain the status quo unaffected by the act of any party to the litigation pending its determination-even after the dismissal of a suit, a purchaser is subject to lis… Read More

Mumbai – Program on Practical Issues in Tax Deduction at Source (TDS) with latest amendments – July 9

Program on Practical Issues in Tax Deduction at Source (TDS) with latest amendments Date & Time : Tuesday, July 9, 2013 - 09.30 a.m. to 5.30 p.m. (Registration & breakfast: 9.00 to 9.30 am) Venue : VITS Hotels, Andheri-Kurla Road, Beside Trade Star Building, Kondivita Lane, Mumbai - 400059 Benefits/ learning objectives: Over the years… Read More

Credit Information Companies: Seeking New Frontiers

(Inaugural address by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the Experian India Conclave 2013 organized in Mumbai on July 5, 2013) Dr. Richard Fiddis, Managing Director Strategic Markets, Experian; Mr. Vikram Narayan and Mr. Mohan Jayaraman, Managing Directors, Experian Credit Information Company of India Pvt. Ltd.; senior members from the financial… Read More

India™s Exports of Computer Services 75.2 per cent of Total Software Services Exports in 2011-12: RBI Survey

The Reserve Bank of India today released, on its website, the data related to the results of Computer Software and Information Technology (IT) Services Exports: 2011-12. The data compiled are based on the annual survey on ˜Computer Software and Information Technology Services Exports™. The survey is intended to provide information on various aspects of computer services exports… Read More

Mumbai – Program on Employee Tax (payroll), perquisite rules & remuneration planning with latest amendments – July 8

Program on Employee Tax (payroll), perquisite rules & remuneration planning with latest amendments Date & Time : Monday, July 8, 2013 - 09.30 a.m. to 5.30 p.m. (Registration & breakfast: 9.00 to 9.30 am) Venue : VITS Hotels, Andheri-Kurla Road, Beside Trade Star Building, Kondivita Lane, Mumbai - 400059 Benefits/ learning objectives: Rightly said -… Read More

RBI Board meets in Chennai

The Central Board of the Reserve Bank of India met today at Chennai. Dr. D. Subbarao, Governor, Reserve Bank of India, chaired the meeting. Dr. Anil Kakodkar, Shri Kiran Karnik, Prof. M.V. Rajeev Gowda, Dr. Nachiket M. Mor, Shri Y.H. Malegam, Shri Azim Premji, Shri K.M. Birla, Prof. Dipankar Gupta, Shri G.M. Rao, Dr. Indira Rajaraman,… Read More

RBI releases data on ˜Weighted Average Lending Rate (WALR)’ of Scheduled Commercial Banks (SCBs)

The Reserve Bank today released annual time-series data on ˜Weighted Average Lending Rate™ of Scheduled Commercial Banks for the period 1992 to 2012 on its website. The data is based on data reported under Basic Statistical Return 1 - Part A (BSR-1A), in which granular data on borrowal accounts with credit limit more than ` 25,000 till 1998 and more… Read More

Master Circular on Call/Notice Money Market Operations

RBI/2013-14/103 IDMD.PCD. 03/14.01.01/2013-14 July 1, 2013 The Chairmen/Chief Executives of all Scheduled Commercial Banks (excluding RRBs) / Co-operative Banks / Primary Dealers Dear Sir/Madam, Master Circular on Call/Notice Money Market Operations The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks and the Primary Dealers in regard to… Read More

Know Your Customer Norms/Anti-Money Laundering Standards/Combating Financing of Terrorism – Unique Customer Identification Code for Banks Customers in India

RBI/2013-14/122 DNBS(PD).CC.No.351/03.10.42/2013-14 July 4, 2013 All NBFCs-Deposit taking Companies/ NBFC-ND-SI with assets of Rs 25 cr and above Dear Sir/Madam, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT) - Unique Customer Identification Code for Banks Customers in India (UCIC) Please refer to our circular DNBS.(PD).CC.No.325/03.10.42/2012-13 dated May 3, 2013 on the captioned subject,… Read More

Anti-Money Laundering/Combating of Financing of Terrorism Standards

RBI/2013-14/120 DBOD. AML.No. 314/14.01.001/2013-14 July 4, 2013 The Chairmen/CEOs of all Scheduled Commercial Banks(Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to our letter DBOD. AML.No.12913/14.01.001/ 2012-13 dated March 11, 2013 on risks arising from the deficiencies in AML/CFT regime of… Read More