Corporate Law Reporter - The Daily Journal

Money transfer solutions with India Post joining hands with MoneyGram International

India Post, the largest distribution postal network in the world, and the MoneyGram International, the fastest growing global money transfer company joined hands today to offer convenient money transfer solutions to Indians. Shri Kapil Sibal, the Union Minister of Communications and Information Technology commenced the scheme by conducting a remittance transaction through the MoneyGram service… Read More

Green Initiative moving ahead – SEBI reduces nos. of copies of Offer Documents required for submisison

To All Registered Merchant Bankers Dear Sir/Madam, Sub: Filing Offer Documents with SEBI under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 1. As a green initiative, it has been decided to reduce the number of copies of offer documents being submitted to SEBI. Also, considering the availability of the soft copies of the offer… Read More

External Commercial Borrowings (ECB) in Renminbi (RMB)

RBI/2011-12/205 A.P. (DIR Series) Circular No. 30 To All Authorised Dealer Category I Banks Madam / Sir, External Commercial Borrowings (ECB) in Renminbi (RMB) Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or lending in foreign exchange) Regulations, 2000, notified vide Notification No. FEMA 3/2000-RB dated May 3,… Read More

RBI issues caution notice w.r.t. attempt to defraud using fake bank guarantee-modus operandi

RBI/2011-12/206 DNBS(PD).CC. No.245 /03.10.42 /2011-12 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Attempt to defraud using fake bank guarantee-modus operandi Instances of fraud have been brought to the notice of the RBI wherein Bank Guarantees (BGs) purportedly issued by a couple of bank branches in favour of different entities were… Read More

ICSI- Campus Placement for Fresher Members & Students on 1/10

The Institute is organizing a Campus Placement for the fresher members for job and for students for 15 Months Training on Saturday, the 1st October 2011 at ICSI-NOIDA, C-37, Sector 62, NOIDA. The following process will be followed: 1. Name of the participating companies will be announced at the Campus. 2. Members admitted on or… Read More

SEBI -Guidelines for Issue and Listing of Structured Products/ Market Linked Debenture

All Registered Merchant Bankers All Recognized Stock Exchanges All Registered Credit Rating Agencies Dear Sir/ Madam, Sub: Guidelines for Issue and Listing of Structured Products/ Market Linked Debenture 1. SEBI had prescribed initial and continuous disclosure norms applicable to issue and listing of debt securities through the Securities and Exchange Board of India (Issue and Listing of Debt… Read More

KYC Norms Letter issued by Unique Identification Authority of India (UIDAI) containing details of name, address and Aadhaar number

RBI/2011-12/207 DBOD.AML.BC.No. 36/ 14.01.001/2011-12 September 28, 2011 The Chairmen/CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks/All India Financial Institutions Dear Sir, Know Your Customer Norms Letter issued by Unique Identification Authority of India (UIDAI) containing details of name, address and Aadhaar number Please refer to the Government of India Notification No. 14/2010/F.No. 6/2/2007-ES… Read More

Recent Changes in External Commercial Borrowings (ECB)

The Recent Changes made under External Commercial Borrowing (ECB) Norms by Reserve Bank of India (RBI) External Commercial Borrowings (ECB) from the foreign equity holders[1]: To rationalise the policy RBI has made certain clarifications:- The term ˜debt™ in the debt-equity ratio has been replaced with ˜ECB liability™ to make the term signify true position as… Read More

CCH Competition Law Summit: Experts debate impact of new Competition policy on Indian businesses

Leading experts from the field of corporate law discussed and debated various issues related to impact of new competition policy on Indian business landscape, Competition Commission of India™s New M&A guidelines, Anti-competitive agreements, Cartel issues, Intellectual Property Rights under competition law and comparative study with US & EU regime at CCH Competition Law Summit held… Read More

ROC not to keep any document pending for more than 60 days

Notification; GOI; MCA; Dated 22.09.2011 G.S.R.----- In exercise of the powers confered by sub -sections (1), (2), (3), (5) and (8) of section 25 and sub- section (2) of section 609 read with sections 610A, 610B and 610E of the Companies Act, 1956 (1 of 1956), the Central Governement hereby makes the following regulations further… Read More

Waiver of Stamp duty in case of increase in Authorized share Capital in Delhi

Companies (Central Governement's) General Rules and Forms(Amendment) Rules 2011 CLR Note: The Hon'ble High Court of Delhi has held in the matter of SE Investments Limited Vs Union of India and Others [ W.P. (c) 2393/2010 and CM Appl. 4794/2011) that there is no provision in the Delhi Stamp Act for payment of stamp duty… Read More

Notification On (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2011

To, All Recognized Stock Exchanges Sub: Securities and Exchange Board of India Second Amendement Regilations under Issue Of Capital And Disclosure Requirements, 2011(Issue Of Capital And Disclosure Requirements) (Second Amendment) Regulations, 2011 The SEBI has framed Second amended in (Issue Of Capital And Disclosure Requirements) Regulations, 2011 which have been notified on September 23, 2011. The… Read More

SEBI- Notification on Substantial Acquisition of Shares and Takeovers (Regulations), 2011

To, All Recognized Stock Exchanges Sub: Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 The Notification under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 have been notified on September 23, 2011. The amended regulations are attached herewith. Read More