Daily Archives: October 21, 2016

Disclosure requirements in offer document/placement for InvITs

By | October 21, 2016

SEBI CIRCULAR CIR/IMD/DF/114/2016 October 20, 2016 To All Infrastructure Investment Trusts (InvITs) All Parties to InvITs All Stock Exchanges All Merchant Bankers Dear Sir / Madam, Sub: Disclosure of financial information in offer document/placement memorandum for InvITs 1. Regulation 15(3), read with Schedule III, and Regulation 15(4) of the SEBI (Infrastructure Investment Trusts) Regulations, 2014… Read More »

Rebate of State Levies on Export of Garments

By | October 21, 2016

Circular No. 47/2016 – Customs F.No.605/42/2016-DBK (Pt.II) Government of India Ministry of Finance Department of Revenue  Central Board of Excise and Customs Drawback Division New Delhi, dated 20th October 2016 To All Principal Chief Commissioners / Principal Directors Generals of CBEC All Chief Commissioners / Directors General of CBEC All Principal Commissioners / Commissioners of… Read More »

Participation of Foreign Portfolio Investors (FPIs) in Government securities on NDS-OM platform

By | October 21, 2016

RBI/2016-17/86 FMRD.DIRD.08/14.03.007/2016-17 October 20, 2016 All SGL/CSGL Account holders Dear Sir/Madam, Participation of Foreign Portfolio Investors (FPIs) in Government securities on NDS-OM platform In terms of RBI circular FMRD.DIRD.06/14.03.007/2014-15 dated March 20, 2015, FPIs are currently permitted to transact in the Over-The-Counter (OTC) market for Government securities with T+2 settlement. 2. As announced in paragraph… Read More »

Foreign Venture Capital Investor will not require permission from RBI for Specified Investment

By | October 21, 2016

RBI/2016-17/89 A.P. (DIR Series) Circular No. 7 October 20, 2016 To All Category – I Authorised Dealer Banks Madam/Sir, Investment by a Foreign Venture Capital Investor (FVCI) registered under SEBI (FVCI) Regulations, 2000 Attention of Authorised Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Transfer or Issue… Read More »

RBI Set Rs 15 Lakh limit for Trade Transactions under Rupee Drawing Arrangements (RDAs)

By | October 21, 2016

RBI/2016-17/91 A.P. (DIR Series) Circular No. 9 October 20, 2016 To All Category – I Authorised Dealer Banks Madam/Sir, Rupee Drawing Arrangement – Trade related remittance limit Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to A.P. (DIR Series) Circular No.102 dated May 21, 2015 permitting them to regularize… Read More »

RBI Simplified process of matured but unpaid External Commercial Borrowings

By | October 21, 2016

RBI/2016-17/92 A.P. (DIR Series) Circular No. 10 October 20, 2016 To All Category – I Authorised Dealer Banks Madam/Sir, External Commercial Borrowings (ECB) – Extension and conversion Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to paragraph No. C.14, F.18 and F.19 of Annex to A.P. (DIR Series) Circular No.32 dated November 30,… Read More »

New Registration certificate to Experian Credit Information Company of India Private Limited (ECICI)

By | October 21, 2016

Grant of ‘Certificate of Registration’ – For carrying on the business of credit information – Experian Credit Information Company of India Private Limited (ECICI) RBI/2016-17/94 DBR.CID.BC.27/20.16.040/2016-17 All Credit Institutions October 20, 2016 Dear Sir / Madam Grant of ‘Certificate of Registration’ – For carrying on the business of credit information – Experian Credit Information Company… Read More »

Risk Weights for exposures to Housing Finance Companies- HFCs

By | October 21, 2016

Risk Weights for exposures to HFCs RBI/2016-17/95 DBR.BP.BC.No.20/21.06.001/2016-17 October 20, 2016 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Risk Weights for exposures to HFCs It has been observed that there is a lack of uniformity among banks in the application of risk weights on their exposures to Housing Finance Companies (HFCs). 2.… Read More »