Reserve Bank of India (RBI) through its Master Circular dated 1.12.2015 (available on its website www.rbi.org.in) has issued consolidated instructions/guidelines on credit card, debit cards/pre-paid card operations of banks. The said instructions contain detailed terms under which a debit card may be issued, inter-alia, advising banks as under: The terms shall put the cardholder under… Read More »
RESERVE BANK OF INDIA (Foreign Exchange Department) (Central Office) NOTIFICATION Mumbai, the 2nd December, 2015 No. FEMA. 358/2015-RB Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2015
Consultation paper Primary market debt offering through private placement on electronic book (Brief Extract from above consultation paper) It has been observed from the available data that the majority of the issuances in India take place through private placement route, which are subsequently listed on stock exchange. During financial year 2014-15, private placement accounted for… Read More »
Source : Securities and Exchange Board of India 03.12.2015 Concept paper for issuance of Green Bonds 1. Background A green bond is like any other bond where a debt instrument is issued by an entity for raising funds from investors. However what differentiates a Green bond from other bonds is that the proceeds of a… Read More »
Source : Reserve Bank of India RBI/2015-16/258 DBR. AML. No. 7312/14.01.001/2015-16 December 3, 2015 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 /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid… Read More »
RBI/2015-16/257 FIDD.CO.Plan.BC.No.14/04.09.01/2015-16 December 3, 2015 The Chairman All Regional Rural Banks Dear Sir/Madam, Regional Rural Banks – Priority Sector Lending – Targets and Classification During the last decade, Regional Rural Banks (RRBs) have undergone significant structural and operational changes, be it two-phased amalgamation, implementation of CBS platform or recapitalization, inter alia. Considering the growing significance… Read More »
SUPREME COURT OF INDIA Commissioner of Income-tax, Delhi v. Bharti Cellular Ltd. S.H. KAPADIA, CJ. K.S. RADHAKRISHNAN, J. CIVIL APPEAL NOS. 6691 TO 6699 OF 2010 AUGUST 12, 2010 Civil Appeal Nos. 6696/2010, 6697/2010, 6698/2010 and 6699/2010 arising out of S.L.P. (C) Nos. 13027/2009, 13029/2009, 13030/2009 and 20909/2009 are taken on Board along with these… Read More »
Proposal for seeking approval for initiation of public consultation process on introduction of “Primary Market Debt Offering through private placement on electronic Book” The Board considered and approved the proposal for initiation of public consultation process on introduction of “Primary Market Debt Offering through private placement on electronic Book”. The key benefits of such an… Read More »
Consultation paper for disclosure requirements for issuance and listing Green Bonds The Board considered and approved the proposal for initiation of public consultation process for disclosure requirements for issuance and listing of Green Bonds, which are in line with the requirements as provided in Green Bond Principles as recommended by International Capital Market Association (ICMA).… Read More »
Delisting of Small Companies Delisting Regulations provide for simplified procedure of delisting for small companies and exempt them from the requirements of Chapter IV of the Delisting Regulations subject to certain conditions. Currently, one of such conditions is that the shares of the company have not been traded for the preceding one year. Based on… Read More »