New Rules to regulate Stock Exchanges soon : Consultations Begin
The government will begin tomorrow its consultations with various stakeholders regarding a new set of rules on how stock exchanges should be owned and run, proposed by a Sebi-appointed committee last year. Besides the exchanges, new ownership and governance rules have also been proposed by the committee, chaired by former RBI Governor Bimal Jalan, for… Read More
New Internet Regulations : Is it an Attack on Privacy of a User?
Under flak for the new Internet rules which are being interpreted as an attack on privacy of a user, the government while clarifying the rules questioned the why critics were silent when the draft rules were opened for public opinion. R Chandrashekhar, Secretary in the Department of Information Technology, in an interaction with PTI said… Read More
Mergers within the same group should be exempted from CCI norms: CII
Industry body CII today said competition watchdog CCI's approval should not be made mandatory for mergers and amalgamations between group companies. "While acquisitions of control or shares or voting rights or assets within the same group have been exempted from the notification requirement, mergers or amalgamations have not been specified, which appears to be an… Read More
Participation by directors in meetings of Board / Committee of directors under the Companies Act, 1956 through electronic mode.
General Circular No. 28/2011, Dated: 20.05.2011 Subject: Green Initiative in the Corporate Governance Participation by directors in meetings of Board / Committee of directors under the Companies Act, 1956 through electronic mode. Sir, The Ministry of Corporate Affairs has taken a Green Initiative in the Corporate Governance by allowing paperless compliances by the Companies after… Read More
Participation by Shareholders in General Meetings under the Companies Act, 1956 through electronic mode
General Circular No. 27/2011, Dated: 20.05.2011All the Regional Directors,All the Registrar of Companies Subject: Green Initiative in the Corporate Governance Participation byshareholders In general meetings under the Companies Act, 1956 through electronic mode. Sir, The Ministry of Corporate Affairs has taken a Green Initiative in the Corporate Governance by allowing paperless compliance™s by the Companies… Read More
ICSI Admit Card available for online Download
Click here to download the ICSI Admit Card for June 2011 Examinations and also get complete information on Institute of Company Secretaries of India (ICSI) Admit Cards, CS Results, CS Course Syllabus, Company Secretary Course, ICSI Results. Read More
AMLS and CFT Standards – Money changing activities
 AML standards/CFT Standards - Money changing activities RBI/2010-11/536 ; Circular No. 65; Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Money changing activities Please refer to our A.P.(DIR Series) Circular No.51 { A.P.(FL/RL Series) Circular No.13} dated April 6, 2011 forwarding the Financial Action Task Force (FATF) Statement identifying a list of… Read More
Cross Border Inward Remittance under Money Transfer Service Scheme – Iran and Republic of Korea
RBI/2010-11/535; Circular No. 64; Dated May 20, 2011 All Authorised Persons, who are Indian Agents under Money Transfer Service Schem Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme Please refer to our A.P. (DIR Series) Circular No.50 {A.P. (FL/RL Series) Circular No.12} dated… Read More
Cross Border Inward Remittance under Money Transfer Service Scheme
RBI/2010-11/537; Circular No. 66; Dated May 20, 2011 All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme. Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme Please refer to our A.P.(DIR Series) Circular No.52 { A.P.(FL/RL Series) Circular No.14} dated April… Read More
AML standards/CFT Standards – Money Changing Activities – Iran and Korea
RBI/2010-11/534 A.P. (DIR Series) Circular No. 63 May 20, 2011 All Authorised Persons Madam/ Dear Sir, Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Money Changing Activities Please refer to our A.P. (DIR Series) Circular No.49 {A.P. (FL/RL Series) Circular No.11} dated April 6, 2011 on risks arising from the deficiencies in AML/CFT… Read More
Hedging IPO flows by FIIs under the ASBA mechanism
RBI/2010-11/539; Circular No. 68; dated May 20, 2011 All Authorised Dealer - Category I banks Hedging IPO flows by Foreign Institutional Investors (FIIs) under the Application Supported by Blocked Amount(ASBA) mechanism Attention of the Authorised Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No. 32 dated December… Read More
Forward cover for FIIs Rebooking of cancelled contracts
RBI/2010-11/538; Circular No. 67; Dated May 20, 2011 All Category - I Authorised Dealer Banks Forward cover for Foreign Institutional Investors Rebooking of cancelled contracts Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to Regulation 5 of Notification No.FEMA.25/RB-2000 dated May 3, 2000, as amended from time to time… Read More
Legal security of business transactions and financial instruments-New Challenges
Following is the text of the Speech of Dr. M.Veerappa Moily, Union Minster for Law and Justice, while addressing the Round Table on Legal security of business transactions, investments and financial instruments-New Challenges of the Global Crisis in St.Petersburg today :- ˜Globalization™ refers to the process of integration and convergence of economic financial, cultural and… Read More
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