Corporate Law Reporter - The Daily Journal

RBI- Section 24 of the Banking Regulation Act, 1949 Maintenance of Statutory Liquidity Ratio (SLR) Marginal Standing Facility (MSF)

RBI/2011-12/509 Ref: DBOD.No.Ret.BC.95/12.02.001/2011-12 April 17, 2012 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 24 of the Banking Regulation Act, 1949 Maintenance of Statutory Liquidity Ratio (SLR) Marginal Standing Facility (MSF) Please refer to our circular DBOD.No.Ret.BC.No.92/12.02.001/2010-11 dated May 09, 2011 wherein it was advised that Scheduled Commercial Banks (SCBs) may borrow… Read More

Fin Min said that the monetary policy announcement should help in investment revival and contribute to strengthening of business sentiments

Union Finance Minister, Shri Pranab Mukherjee has said that everything will be done to help maintain a supportive monetary policy stance for growth. The Finance Minister was reacting to the Annual Monetary Policy statement for 2012-13 announced today wherein the RBI has announced a 50 basis point reduction in the policy rates. The repo rate… Read More

Union Corporate Affairs Minister emphasized the need for a strong and vibrant capital market at a meeting with the representatives of leading trade & business chambers, professional institutes

Union Corporate Affairs Minister Dr. M. Veerappa Moily held a meeting in New Delhi with the representatives of leading trade & business chambers, professional institutes under the Ministry of Corporate Affairs, SEBI and RBI to workout the modalities of implementation of conclusions emerging from the deliberations conducted by the Ministry last February in the metros… Read More

Changes in Tarif Value of Gold, Silver, Brass Scrap (All Grades) and Poppy Seeds Notified

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs(CBEC), being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of… Read More

SEBI-Amendments to the Equity Listing Agreement Formats for Disclosure of Financial Results

CIRCULAR CIR/CFD/DIL/4/2012 April 16, 2012 To All Stock Exchanges Dear Sir/Madam, Sub: Amendments to the Equity Listing Agreement Formats for Disclosure of Financial Results 1. Ministry of Corporate Affairs vide Notification dated February 28, 2011 has revised the format for disclosure of Balance Sheet under Schedule VI of the Companies Act, 1956. 2. Pursuant to the same,… Read More

GOI & World Bank signs an agreement for an IDA credit of US$ 109 million for the Rajasthan Agricultural Competitiveness Project

The Government of India, the Government of Rajasthan and the World Bank today signed an agreement for an IDA credit of US$ 109 million for the Rajasthan Agricultural Competitiveness Project to increase agricultural productivity through sustainable and efficient use of water resources. The Project is expected to increase agricultural productivity and farmer incomes through efficient… Read More

GOI & World Bank signed an agreement for an additional IDA credit of US$ 50 million to support on-going activities under AACP

The Government of India, the Government of Assam and the World Bank today signed an agreement for an additional IDA credit of US$ 50 million to support on-going activities under the Assam Agricultural Competitiveness Project (AACP) which aims to increase the productivity, profitability, and market access of the farming community in Assam. The additional credit… Read More

Prime Minister, Dr. Manmohan Singh inaugurated the new campus of Indian Institute of Corporate Affairs Campus in Manesar

The Prime Minister, Dr. Manmohan Singh today inaugurated the new campus of Indian Institute of Corporate Affairs Campus in Manesar, Haryana. Speaking on the occasion he termed the Indian Institute of Corporate Affairs has been conceived as a think-tank and research institute in the area of corporate law and allied disciplines, and also as a… Read More

SEBI- Processing of investor complaints against listed companies in SEBI Complaints Redress System (SCORES)

CIRCULAR CIR/CFD/DIL/3/ 2012 April 13, 2012 To The Stock Exchanges Dear Sir/Madam Sub: Processing of investor complaints against listed companies in SEBI Complaints Redress System (SCORES) 1. SEBI has commenced processing of investor complaints in a centralized web based complaints redress system ˜SCORES™. Pursuant to SEBI Circular no. CIR/OIAE/2/2011 dated June 03, 2011 on the captioned… Read More

SEBI-Uploading of the existing clients™ KYC details in the KYC Registration Agency (KRA) system by the intermediaries

CIRCULAR MIRSD/ Cir-5 /2012 April 13, 2012 SEBI Registered Intermediaries - KYC Registration Agencies (KRAs), Stock Brokers through Stock Exchanges, Depository Participants (DPs) through Depositories, Mutual Funds (MFs) Portfolio Managers (PMs) Venture Capital Funds (VCFs) Collective Investment Schemes (CIS), Association of Mutual Funds in India (AMFI) Dear Sir, Subject: Uploading of the existing clients™ KYC… Read More

SEBI-Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR)

CIRCULAR CIR/MRD/DMS/ 12 /2012 April 13, 2012 To, All Stock Exchanges / All Depositories Dear Sir / Madam, Sub: Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR) 1. In the event of disaster, the disruption in trading system of stock exchanges / depository system may not only affect the market integrity but also the… Read More

National Electronic Funds Transfer (NEFT) – Acceptance of NEFT inward for credit to Loan Accounts

RBI/2011-2012/496 DPSS (CO) EPPD No.1894/04.03.01/2011-12 The Chairman and Managing Director / Chief Executive Officer of member banks participating in NEFT Madam / Dear Sir, National Electronic Funds Transfer (NEFT) - Acceptance of NEFT inward for credit to Loan Accounts National Electronic Funds Transfer launched in year 2005 has been working successfully over the years and… Read More

Investigation Directorates of the CBDT discloses income exceeding Rs.9,200 crore

During the financial year (FY) 2011-12, the Investigation Directorates of the Central Board of Direct Taxes (CBDT) conducted searches on 330 groups involved in different businesses / activities. On the basis of assets, documents and other evidence unearthed during such searches, undisclosed income exceeding Rs.9,200 crore was detected. Number of search warrants executed in FY… Read More