Corporate Law Reporter - The Daily Journal

External Commercial Borrowings (ECB) from the Foreign Equity Holders

RBI/2011-12/204 A.P. (DIR Series) Circular No. 29 To All Authorised Dealer Category I Banks Madam / Sir, External Commercial Borrowings (ECB) from the foreign equity holders 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… Read More

External Commercial Borrowings (ECB) Policy Structured Obligations for Infrastructure Sector

RBI/2011-12/203 A.P. (DIR Series) Circular No. 28 To, All Category - I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy Structured Obligations for infrastructure sector Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No. 40 dated March 02, 2010 relating to External Commercial… Read More

Norms for Providing Internet Banking for Customers of Urban Cooperative Banks (UCBs)

RBI/2011-12/202 UBD.BPD.(SCB)Cir No. 1/09.18.300/2011-12 The Chief Executive Officers All Scheduled Primary (Urban) Co-operative Banks Madam / Dear Sir, Internet Banking for Customers of UCBs As announced in the Monetary Policy Statement 2011-12, [para 102 - appended], it has been decided to permit scheduled UCBs satisfying certain criteria to provide internet banking facility to their… Read More

Reconstitution of RBI Board

The Government of India has reconstituted the Central Board of Directors of the Reserve Bank of India. In a notification issued on Friday, the Government of India has appointed seven new Directors on the Central Board of the Reserve Bank for a period of four years from the date indicated. The new Directors are: Shri… Read More

Revised All Industry Rates of Duty Drawback, 2011-12

Government of India Ministry of Finance (Department of Revenue) Central Board of Excise & Customs Circular No. - 42 / 2011-Cus., To All Chief Commissioners of Customs / Customs (Prev.). All Chief Commissioners of Customs & Central Excise / Central Excise. All Director Generals under CBEC. All Commissioners of Customs / Customs (Prev). All Commissioners of… Read More

Amends Customs, Central Excise Duties and Service Tax Drawback Rules, 1995

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 69 / 2011 - Customs (N.T.) G.S.R. (E). - In exercise of the powers conferred by section 75 of the Customs Act, 1962 (52 of 1962), section 37 of the Central Excise Act, 1944 (1 of 1944) and section 93A read with section 94 of the Finance… Read More

External Commercial Borrowings (ECB) for the Infrastructure Sector Liberalisation

RBI/2011-12/199 A.P. (DIR Series) Circular No. 25 To All Authorised Dealer Category I Banks Madam / Sir, External Commercial Borrowings (ECB) for the Infrastructure Sector Liberalisation 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… Read More

External Commercial Borrowings (ECB) Rationalisation and Liberalisation

RBI/2011-12/201 A.P. (DIR Series) Circular No.27 To All Authorised Dealer Category I Banks Madam / Sir, External Commercial Borrowings (ECB) Rationalisation and Liberalisation 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, 2000,… Read More

Amendments to Clause 35 of the Equity Listing Agreement of Substantial Acquisition of Shares and Takeovers Regulations, 2011-SEBI

To, All Registered Merchant Bankers Dear Sirs, All Recognized Stock Exchanges Sub: Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and consequential amendments to Clause 35 of the Equity Listing Agreement 1. Notification of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 In exercise of the powers conferred by Section… Read More

Security Issues and Risk mitigation measures related to Card Present (CP) transactions

RBI/2011-12/194 DPSS.PD.CO.No.513/02.14.003/2011-2012 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/Authorised Card Payment Networks Madam / Dear Sir Security Issues and Risk mitigation measures related to Card Present (CP) transactions. As you are aware, in its… Read More

Returns to be submitted by NBFCs- Revised Formats

RBI/2011-12/195 DNBS(PD).CC. No.243/03.02.02/2011-12 All Non Banking Financial Companies (excluding RNBCs) Dear Sir, Returns to be submitted by NBFCs- Revised Formats In terms of extant instructions, NBFCs are required to file various returns related to deposit acceptance, Prudential Norms, Capital Market exposure, etc. A few of these returns are as under: Returns to be submitted by… Read More

Clarification of Dishonour of electronic funds transfer for insufficiency of funds in the bank account

DOC/2011-12/191 DPSS. CO.PD.No.497/02.12.004/2011-12 September 21, 2011 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Dear Sir/Madam, Dishonour of electronic funds transfer for insufficiency of funds in the bank account clarification As you may be aware… Read More

9 Child Labourers Identified In Mine; FIR Lodged

The National Commission for Protection of Child Rights (NCPCR) team has identified 9 children as child labourers and an FIR lodged against a mining owner of a stone crushing unit in the remote Vijaynagar village in Jaisalmer district of Rajasthan. NCPCR got an FIR lodged against the Company immediately after this. The Commission had conducted… Read More