Category Archives: other Acts

Clarifications on IRDAI (Registration of Corporate Agents) Regulations, 2015

By | February 17, 2016
0 Comment

Source Insurance Regulatory and Development Authority of India Ref:IRDA/CAGTS/CIR/LCE/029/02/2016 Date:16-02-2016 The Authority has notified the IRDAI (Registration of Corporate Agents) Regulations, 2015 on 20.08.2015 and has issued instructions for obtaining Certificate of Registration under IRDAI (Registration of Corporate Agents) Regulations, 2015 vide Ref. No. IRDAI/CAGTS/GDL/LCE/ 202/ 11/ 2015 dt 18.11.2015. We have to inform you… Read More »

Updates to ISIL (Da’esh) & Al-Qaida Sanctions List

By | February 16, 2016
0 Comment

Source : Reserve Bank of India Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967- Updates to ISIL (Da’esh) & Al-Qaida Sanctions List RBI/2015-16/323 DBR.AML.No.10293/14.06.001/2015-16 February 16, 2016 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks… Read More »

RBI releases Data on India’s International Trade in Services: December 2015

By | February 16, 2016
0 Comment

Source Reserve Bank of India Date : Feb 15, 2016 The Reserve Bank releases monthly data on India’s international trade in services with a lag of around 45 days. The value of exports and imports of services during the month of December 2015 are given in the following Table. Table: International Trade in Services (US$… Read More »

SEBI specify MF scheme limit to invest in case of single issuer

By | February 14, 2016
0 Comment

The Gazette of India EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 12th February, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (MUTUAL FUNDS) (AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD-NRO/GN/2015-16/034.—In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15… Read More »

Amended definition of NPA u/s 2 of SRFAESI act is Valid : Supreme Court

By | February 14, 2016
0 Comment

Issue Section 2(1)(o) of  The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 defines NPA. Prior to its amendment by Act 30 of 2004, NPA is defined as ‘an account of a borrower which has been classified’ by a CREDITOR either ‘as a sub-standard asset or a doubtful asset or… Read More »