The Reserve Bank of India today issued a Direction to all Scheduled Commercial Banks (excluding Regional Rural Banks) on implementation of the Gold Monetisation Scheme, 2015 notified by the Central Government. The Scheme The GMS will replace the existing Gold Deposit Scheme, 1999. However, the deposits outstanding under the Gold Deposit Scheme will be allowed… Read More »
All insurers having joint ventures with foreign players will have to ensure that the company is owned and controlled by the Indian stakeholders. As per the guidelines on ‘Indian owned and controlled’ insurance companies issued by the Insurance Regulatory and Development Authority of India (IRDAI), insurers will have to file an undertaking with the regulator… Read More »
IRDA guidelines on Indian owned and Controlled entities
MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 11th September, 2015 G.S.R. 693(E).—In exercise of the powers conferred by sub-section (1) read with clauses (i), (j), (jj), (jjj) and (k) of sub-section (2) of section 73 of the Prevention of Money laundering Act, 2002 (15 of 2003), the Central Government makes the following… Read More »
LOKPAL AND LOKAYUKTAS (REMOVAL OF DIFFICULTIES) SECOND AMENDMENT ORDER, 2015 ORDER NO.SO 2794(E) [F.NO.407/12/2014-AVD-IV(B) I], DATED 12-10-2015 Whereas the Central Government, in exercise of the powers conferred by sub-section (1) of section 62 of the Lokpal and Lokayuktas Act, 2013 (1 of 2014), made the Lokpal and Lokayuktas (Removal of Difficulties) Order, 2014 (hereinafter referred… Read More »
As you may be aware, the Financial Inclusion Fund (FIF) and Financial Inclusion Technology Fund (FITF) was constituted in the year 2007-08 for a period of five years with a corpus of Rs. 500 crore each to be contributed by Government of India (GOI), RBI and NABARD in the ratio of 40:40:20. The guidelines for… Read More »
since the appellant has been running Collective Investment Scheme through the arrangement of a private Trust without obtaining registration from SEBI, no fault can be found with the decision of SEBI that the appellant is guilty of operating Collective Investment Scheme in violating of SEBI Act and the Collective Investment Scheme Regulations. Where the appellant… Read More »
MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS (Department of Personnel and Training) NOTIFICATION New Delhi, the 12th October, 2015 G.S.R. 776(E).––In exercise of the powers conferred by sub-section (1) read with clause (k) and clause (l) of subsection (2) of section 59 read with section 44 and section 45 of the Lokpal and Lokayuktas Act,… Read More »
Securities and Exchange Board of India CIRCULAR No. CIR/CFD/CMD/6/2015 Dated- October 13, 2015 To All Listed Entities All the Recognised Stock Exchanges Dear Sir/Madam, Sub: Format of uniform Listing Agreement 1. The requirement of executing a listing agreement with the Stock Exchange is specified under different regulations related with initial issuance of capital, the details… Read More »
UTTARAKHAND VALUE ADDED TAX (AMENDMENT) ACT, 2015 – AMENDMENT IN SECTIONS 4, 6, 35, 50, 53 AND 58 NOTIFICATION NO.102/XXXVI(3)/2015/22(1)/2015, DATED 31-3-2015 An Act further to amend the Uttarakhand Value Added Tax Act, 2005— Be it enacted by the Uttarakhand Legislative Assembly in the Sixty sixth year of the Republic of India, as follows:— Short… Read More »