Source : Reserve Bank of India RBI/2015-16/298 DBR.IBD.BC.75/23.67.001/2015-16 January 21, 2016 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam, Sale of India Gold Coin (IGC) As you are aware, MMTC has been authorized by the Central Government to manufacture India Gold Coins (IGC) with Ashok Chakra and supply these coins to the domestic… Read More »
Source : Reserve Bank of India RBI/2015-16/300 DBR.IBD.BC.74/23.67.001/2015-16 January 21, 2016 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, the Reserve Bank of India hereby directs that the Reserve Bank of India (Gold Monetisation Scheme, 2015) Master Direction No.DBR.IBD.No.45/ 23.67.003/… Read More »
Suggested Arbitration Clause for various Legal Documents – (18-01-2016) Announcement For the Members of the ICAI The Committee on Economic, Commercial Laws & WTO of the ICAI has recommended to issue an Advisory to Members for incorporating the Standard Arbitration Clause in the various legal documents/deeds/contracts/ agreements etc. in order to achieve the objective to… Read More »
ICAI has notified the dates of May 2016 Exam of CA Final and IPC Intermediate Click for Complete Notification
SEBI had constituted a standing committee ‘ Alternative Investment Policy Advisory Committee ‘ (AIPAC) under chairmanship of Shri. N. R. Narayan Murthy in March 2015.AIPAC has submitted its first report to SEBI with various recommendations stated therein. In order to take into consideration the views of various stakeholders, public comments are solicited on the said… Read More »
Source : Insurance Regulatory and Development Authority Guidelines on Cross Border Reinsurers Ref: IRDAI/NL/GDL/RIN/017/01/2016 Date: 19-01-2016 1. Introduction The… Read More »
IRDA (Health Insurance) Regulations, 2013 were notified on 16th February, 2013 specifying therein various matters concerning the administration of health insurance. Subsequently, first amendment was carried out vide IRDA (Health Insurance) (First Amendment) Regulations, 2014 vide notification dated 19th November, 2014. Since the notification of these Regulations, the Health Insurance Business made progress in terms… Read More »
Source SEBI.gov.in SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Disclaimer: Based on queries/ comments received from market participants, these FAQs have been prepared to provide guidance on the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Regulations”, “Listing Regulations”, “LR”) and circulars issued there under. For full particulars of laws governing… Read More »
The Reserve Bank of India has imposed a monetary penalty of ₹ 3.00 lakh (₹ Three lakh only) on the Rajputana Mahila Urban Co-operative Bank Limited, Jaipur, in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative… Read More »
The Government of India, in consultation with Reserve Bank of India, has decided to notify “IDFC Bank Limited” as a receiving office for the second tranche of Sovereign Gold Bond issuance (SGB Scheme 2016). The notification dated January 14, 2016 has been amended to this effect. The other terms and conditions of the Notification shall… Read More »