Category Archives: other Acts

Qualifying Assets crietria for NBFC-MFI acting as channelizing agents

By | April 15, 2016
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RBI/2015-16/370 DNBR.CC.PD.No.078/03.10.038/2015-16 April 13, 2016 To All NBFC-MFIs, Dear Sir/Madam, Non-Banking Financial Company-Micro Finance Institutions (Reserve Bank) Directions, 2011 – Acting as Channelizing Agents for Schemes operated by Central/State Government Agencies Please refer to the Non-Banking Financial Company -Micro Finance Institutions (NBFC-MFIs) (Reserve Bank) Directions, 2011 (the Directions) issued by Reserve Bank of India (the… Read More »

No RBI approval for accepting deposit u/s160 of Companies Act

By | April 15, 2016
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RBI/2015-16/371 A.P. (DIR Series) Circular No.59 April 13, 2016 To All Authorised Dealer Banks Madam / Sir, Acceptance of deposits by Indian companies from a person resident outside India for nomination as Director Attention of Authorised Dealers Banks is invited to Regulation 3 of the Foreign Exchange Management (Deposit) Regulations, 2016, notified vide Notification No.… Read More »

Submission of Annual Performance Report in ODI form :RBI revised norms

By | April 15, 2016
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RBI/2015-16/373 A.P. (DIR Series) Circular No.61 April 13, 2016 To All Category – I Authorised Dealer Banks Madam/Sir, Overseas Direct Investment – Submission of Annual Performance Report Attention of the Authorised Dealer (AD – Category I) banks is invited to the Notification No. FEMA 120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer or Issue… Read More »

Issuance of Rupee denominated bonds overseas : RBI Guidelines

By | April 15, 2016
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RBI/2015-16/372 A.P. (DIR Series) Circular No.60 April 13, 2016 To All Category-I Authorised Dealer Banks Madam / Sir, Issuance of Rupee denominated bonds overseas Attention of Authorized Dealer Category – I (AD Category – I) banks is invited to the provisions contained in A.P. (DIR Series) circular No. 17 dated September 29, 2015 on issuance… Read More »

revised ODI Form for Overseas Direct Investment

By | April 15, 2016
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RBI//2015-16/374 A.P. (DIR Series) Circular No.62 April 13, 2016 To All Category-I Authorised Dealer Banks Madam / Sir, Overseas Direct Investment (ODI) – Rationalization and reporting of ODI Forms Attention of the Authorised Dealer (AD – Category I) banks is invited to the Notification No. FEMA 120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer… Read More »

ICAI Rules of Merger & Demerger for CA Firm

By | April 14, 2016
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Rules of Merger & Demerger for CA Firm _________________________________________  These rules are called Rules of Merger & Demerger amongst the Firms registered with The Institute of Chartered Accountants of India. Concept of Merger & Demerger:          The Partnership Act has not prescribed merger & demerger of partnerships. In the corporate world, merger… Read More »

Prohibition of Insider Trading , SEBI Guidance Note

By | April 14, 2016
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Securities and Exchange Board of India PRESS RELEASE PR No. 77/2016 Amendment of Guidance Note on SEBI (Prohibition of Insider Trading) Regulations, 2015 Guidance Note on SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”) was issued on August 24, 2015 under regulation 11 of the PIT Regulations providing guidance to the market to remove… Read More »

e-commerce in foreign Trade Policy 2015-20 defined

By | April 13, 2016
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Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No 2/2015-20 New Delhi, Dated : 11 April, 2016 Subject : Introduction of definition of e-commerce in foreign Trade Policy (2015-2020) S.O.  1385 (E) – In exercise of powers conferred by Section 5 of FT (D&R) Act 1992… Read More »

Glimpse of Real Estate (Regulation and Development) Act 2016

By | April 11, 2016
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Real Estate (Regulation and Development) Act, 2016 received the assent of the President on 25th March 2016, which substantially amends the original Real Estate Bill, 2013. This act will apply from a date to be notified in official gazette. The Act largely seeks to protect the interest of the allottees/purchasers by promoting transparency, accountability and… Read More »