Category Archives: other Acts

RBI issued revised framework for External Commercial Borrowings

By | December 1, 2015

RBI/2015-16/255 A.P. (DIR Series) Circular No.32 November 30, 2015 To, All Authorised Dealer Category – I Banks Madam/ Sir External Commercial Borrowings (ECB) Policy – Revised framework Attention of Authorised Dealer Category – I (AD Cat I) banks is invited to A.P. (DIR Series) Circular No. 5 dated August 1, 2005 containing the basic framework… Read More »

Date of failure is relevant for the purpose of Imposing penalty : Supreme Court

By | November 27, 2015

Facts of the Case :- Initial Summons to the Respondent was dated 23.7.2002.   (Thus SEBI’s summons to respondent to furnish required documents prior to 29-10-2002.) The Respondent sought time till 20.8.2002 to provide the documents and information sought by the Appellant, and thereafter sought further time till 31.8.2002 and then 30.9.2002.SEBI sent a reminder letter… Read More »

Income from project before commissioning are capital receipts : Supreme Court

By | November 27, 2015

Brief Facts of the Case ;- Assessee-company was in process of constructing and erecting its plant and had not started any business during relevant assessment years .Three heads under which the assessee has received certain amounts. These are the i) rent charged by the assessee to its contractors for housing workers and staff employed by… Read More »

Annual turnover of the stock broker for registration fee include the entire transaction ; Supreme Court

By | November 27, 2015

Issue :-  Interpretation of the term ‘annual turnover’ as it finds mention in the Explanation after paragraph 3 of Schedule III to the Securities & Exchange Board of India (Stock Brokers & Sub-brokers) Regulations, 1992 (for brevity, ‘the Regulations’). The aforesaid Explanation reads as follows : “Explanation. – For the purpose of paragraphs 1, 2 and… Read More »

Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks

By | November 26, 2015

Date : Nov 26, 2015 RBI releases ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks: September 2015’ The Reserve Bank of India today released the web publication ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs)’ as on the last Friday of the quarter ending September 2015 (i.e. September 25, 2015).… Read More »

Category: RBI