RBI/2012-13/409 DBOD.BP.BC.No.80/21.04.132/2012-13 January 31, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Disclosure Requirements on Advances Restructured by Banks and Financial Institutions Please refer to paragraph 16 of Master Circular on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances dated July 2, 2012 in terms of which banks should disclose… Read More
RBI/2012-13/408 RPCD.FLC.No.7641/12.01.018/2012-13 January 31, 2013 To Chairman/CMDs of Scheduled Commercial Banks (including RRBs) Dear Sir Financial Literacy Material Please refer to our circular RPCD.FLC.No.12452/12.01.018/2011-12 dated June 6, 2012 regarding revised guidelines on the Financial Literacy Centres (FLC), in terms of which it was advised that FLCs and all the rural branches of scheduled commercial banks should scale… Read More
CS S.N. Ananthasubramanian President, Council of The ICSI CS S.N. Ananthasubramanian has been elected as the PRESIDENT of the Council of the Institute Company Secretaries of India (ICSI) w.e.f. 19th January, 2013. He was the VicePresident of ICSI in 2012. A member of the Council of ICSI since 2007, he was reelected in 2010 for… Read More
CS Harish K. Vaid Vice-President, Council ofThe ICSI CS Harish K. Vaid has been elected as the Vice-President of the Council of the Institute of Company Secretaries of India (ICSI) w.e.f 19th January 2013. CS Harish K Vaid, a Commerce & Law Graduate, is a Fellow Member of The Institute of Company Secretaries of India. Besides being… Read More
Background Regulation 44 of SEBI (ICDR) Regulations, 2009 addresses the concept of Safety Net in public Issues. Excerpts from the same are reproduced below: An issuer may provide for a safety-net arrangement for the specified securities offered in any public issue in consultation with the BRLM after ascertaining the financial capacity of the person offering… Read More
Public issues of Non-convertible Debenture 2008-09 Sr. No. Name of company Issue opened on Issue closed on Base issue size Rs Cr Final Issue size Rs Cr* 1 Tata Capital Limited 2-Feb-09 24-Feb-09 500.00 1500.00 Total 1500.00 2009-10 Sr. No. Name of company Issue opened on Issue closed on Base issue size Rs Cr Final… Read More
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The Securities and Exchange Board of India (SEBI) conducted an investigation into the dealings in the scrip of Sun Infoways Limited under the ambit of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 1995. The trading details of the persons who had traded in the scrip were collected and analyzed along… Read More
Order in the matter of Exit of Hyderabad Securities and Enterprises Limited (Erstwhile Hyderabad Stock Exchange) 1.There are currently 25 Stock Exchanges across the country most of which are non-operational and only five have trading on their platform which includes NSE, BSE, MCX, USE and CSE. 2.SEBI vide Circular dated May 30, 2012 had issued… Read More
Clarification on Notification number 710/1(M)/1 dated 29th December, 2012 notifying the draft Company Secretaries (Amendment) Regulations, 2012 implementing the new training structure Dear Student, This has reference to the Institute™s Notification number 710/1(M)/1 dated 29th December, 2012 pertaining to the draft Company Secretaries (Amendment) Regulations, 2012 proposing amendments in the Company Secretaries Regulations, 1982 by the Institute (ICSI)… Read More
The Bihar Bar Council Chairman Shri Manan Kumar Mishra, announced and launched an ambitious plan for a pension scheme towards supporting advocates in Bihar. The scheme was launched for more than 1 Lakh advocates. The scheme was launched in early January. Mr Mishra said, on the launching event, that advocates who have had 30 years… Read More
RBI/2012-13/407 RPCD.CO.RRB.RCB.BC. No.62/03.05.33/2012-13 January 29, 2013 The Chairmen/Chief Executive Officers, All Regional Rural Banks / State and Central Co-operative Banks Dear Sir, Bank Rate As announced in the Third Quarter Review of Monetary Policy 2012-13, the Bank Rate stands adjusted by 25 basis points from 9.00 per cent to 8.75 per cent with effect from January… Read More
RBI/2012-13/406 RPCD.CO.RCB.RRB.BC.No. 61/03.05.33/2012-13 January 29, 2013 All Scheduled State Co-operative Banks / Regional Rural Banks Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 - Maintenance of CRR Please refer to our Circular RPCD.CO.RCB.RRB.BC.No.39/03.05.33/2012-13 dated October 30, 2012, on the captioned subject. 2. As set out in the Reserve Bank™s Press Release 2012-2013/1267 dated… Read More