Source : Reserve Bank of India RBI/FED/2015-16/17 FED Master Direction No.3/2015-16 January 1, 2016 To All Authorised Persons in Foreign Exchange Madam / Dear Sir, Master Direction – Money Changing Activities In terms of Section 10 of the Foreign Exchange Management Act, 1999, Reserve Bank authorises persons designated as Authorised Persons to deal in foreign… Read More »
THE GAZETTE OF INDIA EXTRAORDINARY PART II — Section 1 MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 1st January, 2016/Pausha 11, 1937 (Saka) The following Act of Parliament received the assent of the President on the 31st December, 2015, and is hereby published for general information:— THE JUVENILE JUSTICE (CARE AND PROTECTION… Read More »
As per the following notification Bonus limit increased by Govt from 3500 to i) Rs 7000 or ii) the minimum wage for the scheduled employment, as fixed by the appropriate Government, whichever is higher Salary limit has also been increased from Rs 10000 to Rs 21000 THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC. 1 MINISTRY OF… Read More »
Securities and Exchange Board of India CIR/CFD/DIL3/18/2015 December 31, 2015 To All Recognised Stock Exchanges Dear Sir/Madam, Sub: Procedure to deal with cases prior to April 01, 2014 involving offer / allotment of securities to more than 49 up to 200 investors in a financial year 1. Prior to April 01, 2014, offers of securities… Read More »
Securities and Exchange Board of India CIRCULAR CIR/IMD/DF/11/2015 December 31, 2015 All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds Sir/ Madam, Subject: Investment by Gold ETFs in Gold Monetisation Scheme of Banks 1. Please refer to SEBI circular dated February 15, 2013 read with circular dated October 18, 2013 on… Read More »
Securities and Exchange Board of India CIRCULAR CIR/MRD/DSA/01/2016 … Read More »
Securities and Exchange Board of India CIRCULAR CIR/CFD/DIL/1/2016 Dated- January 01, 2016 To All Recognised Stock Exchanges All Depositories All Registered Merchant Bankers All Registered Registrars to an Issue and Share Transfer Agents All Registered Bankers to an Issue Dear Sir / Madam, Sub.: Revised Contents of Application-Cum-Bidding Form and Manner of disclosure 1. SEBI… Read More »
Source : Reserve Bank of India RBI/2015-16/279 DBR.IBD.BC.No.68/23.37.001/2015-16 December 31, 2015 All Scheduled Commercial Banks (Excluding RRBs and LABs) Madam/Dear Sir, Extension of Credit Facilities to Overseas Step-down Subsidiaries of Indian Corporates Please refer to our circular DBOD.IBD.BC.No.96/23.37.001/2006-07 dated May 10, 2007 permitting banks in India to extend funded and/or non-funded credit facilities to step-down… Read More »
RBI/2015-16/278 DGBA.GAD.No. 2036/42.01.035/2015-16 December 31, 2015 The Chairman and Managing Director/ The Chief Executive Officer All Agency Banks Dear Sir/Madam Discontinuation of the requirement for Paper to Follow (P2F) for Central Government cheques under Cheque Truncation System With a view to enhancing efficiency in cheque clearing, Reserve Bank has introduced Cheque Truncation System (CTS) for… Read More »
BI/2015-16/277 FIDD.CO.LBS.BC.No. 82 /02.01.001/2015-16 December 31, 2015 The Chairman and Managing Director SLBC Convenor Banks Dear Sir/Madam, Roadmap for opening brick and mortar branches in villages with population more than 5000 without a bank branch of a scheduled commercial bank You are aware that SLBC Convenor banks were advised vide circular RPCD.CO.LBS.BC. No. 86/02.01.001/2011-12 dated… Read More »