Category Archives: other Acts

insurers to strictly comply General Insurance-Reinsurance Regulation

By | May 5, 2016
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CIRCULAR NO.IRDA/NL/CIR/RIN/078/04/2016, DATED 26-4-2016 The Authority has recently received requests from some insurers seeking waiver of certain provisions of IRDA (General Insurance-Reinsurance) Regulation 2013, citing inability to comply with the stipulations, as they were executing Reinsurance treaties on a global basis where the Indian Insurer along with their foreign promoter entity/subsidiaries/group companies enter into a… Read More »

Investment Policy and Liquid Assets fo Net Worth of Clearing Corporation and Transfer of Profits

By | May 5, 2016
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Security & Exchange Board of India CIRCULAR SEBI/HO/MRD/DRMNP/CIR/P/2016/54                           Dated: May 04, 2016 All recognized Clearing Corporations and Stock Exchanges Dear Sir / Madam Subject: Investment Policy, Liquid Assets for the purpose of Calculation of Net Worth of a Clearing Corporation and Transfer… Read More »

Landing Certificate shall not required under MEIS

By | May 5, 2016
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(To be published in the gazette of India extraordinary part-1 section-1) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 06/2015-2020 New Delhi, dated: 4th May 2016 Subject: Merchandise Exports from India Scheme (MEIS)—Amendments in Table 2 [containing ITC (HS) code wise list of products… Read More »

Services Exports from India Scheme (SEIS) –Appendix 3E notified

By | May 5, 2016
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To be published in the Gazette of India Extraordinary Part-I, Section (I) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Public Notice No. 7/2015-2020 Dated the 4thMay, 2016 Subject: Services Exports from India Scheme (SEIS) –Appendix 3E notified In exercise of powers conferred under paragraph 1.03 of the… Read More »

Margin Requirements for non-Centrally Cleared Derivatives : RBI Discussion Paper

By | May 4, 2016
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Reserve Bank of India Released the Discussion Paper on Margin Requirements for non-Centrally Cleared Derivatives Derivatives are an integral risk management tool for most of the business entities and financial institutions. Most of the bigger and mid-size companies in India use derivatives to manage foreign currency, interest rate and commodity price risks. Derivatives foster financial innovation… Read More »

Consultation Paper on Peer to Peer Lending

By | May 4, 2016
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RBI Released the following Consultation Paper on  Peer to Peer Lending Introduction The financial sector is not immune from the advent of online industry and its potential impact. For this reason, it is attracting attention of analysts, investors, customers, businesses and regulators in a major way. Peer-to-Peer (P2P) lending is one such business model that has… Read More »

HOW TO EXPORT FROM INDIA

By | May 4, 2016
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HOW TO EXPORT Introduction India’s Foreign Trade i.e. Exports and Imports are regulated by Foreign Trade Policy notified by Central government in exercise of powers conferred by section 5 of foreign trade (Development and Regulation) Act 1992. Presently Foreign Trade Policy 2015-20 is effective from 1st April, 2015.  As per FTD & R act, export… Read More »

SCOMET list updated ,Appendix 3 to Schedule 2 of ITC (HS) Classification of Export & Import Items

By | May 4, 2016
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[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART – II, SECTION – 3, SUB SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE NOTIFICATION No._05 /(2015-2020) NEW DELHI, DATED: 29th April, 2016 Subject: Updation of SCOMET list [Appendix 3 to Schedule 2 of ITC… Read More »

Status Holder-Amendment in Para 3.20(b) of FTP 2015-20

By | May 4, 2016
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(To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (ii)) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No.04/2015-2020 New Delhi, 29thApril, 2016 Subject: Status Holder-Amendment in Para 3.20(b) of ForeignTrade Policy 2015-20 S.O.(E) In exercise of the powers conferred… Read More »