Foreign Trade Policy (FTP) used to be published once in 5 years, with amendments on yearly basis or as & when basis. From...
Showing posts with label RBI Others. Show all posts
Showing posts with label RBI Others. Show all posts
Wednesday, August 30, 2023
Wednesday, March 16, 2011
RBI's Annual Return extends beyond FDI & ODI to Foreign Assets & Liabilities, capturing reverse investments & info based on OFBV valuation
New Annual Return on Foreign Assets & Liabilities To be filed with RBI on or before 15th July every year Replacing the erstwhile...
Monday, August 23, 2010
Investments in shares for holding stake in group companies but NOT for trading or anyother financial activity requires RBI NBFC Registration as Core Investment Company if asset size is Rs. 100 crores
Regulatory Framework for Core Investment Companies (CICs) The Bank had announced in the Annual Policy 2010-2011 that companies which have their assets predominantly...
FEMA Contravention clarification, whether technical/minor is what RBI has to decide and not on own motion or on basis of external advice BUT in nature of interest, apply compounding @ earliest opportunity & how to enter into composition
RBI clarifies on compounding of contraventions under Foreign Exchange Management Act (FEMA), 1999 The Reserve Bank of India has clarified that whether contraventions...
Saturday, August 14, 2010
Exchange Traded Currency Options RBI Directions for investment by Person Resident in India and SEBI norms 2010
As you are aware of Exchange Traded Currency Futures (ETCF) in Recognised Stock Exchanges for Person Resident in India (PRII) and What exam for...
You can buyback FCCBs now as time limit extended from June 2010 to June 30, 2011
You can buyback FCCBs now as time limit extended from June 2010 to June 30, 2011
8:24 PM / 0 Comments
On a review of the policy and in view of the representations received from the issuers of FCCBs, it has been decided to...
Thursday, August 5, 2010
Issue of Debt Securities now has Non-Convertible Debentures (Reserve Bank) Directions, 2010 in addition to compliance under Companies Act & SEBI regulation
Reporting of Issuance of Non Convertible Debentures The Reserve Bank of India has issued the ‘Issuance of Non-Convertible Debentures (Reserve Bank) Directions, 2010’...
Violated Foreign Exchange laws: on becoming aware of the contravention, disclose it to RBI to save huge penalty of 2 lakhs or 3 times the amount involved in transaction [Compounding Master Circular]
It has been decided to put in place an updated procedure for compounding of contravention/s under FEMA on the basis of observations made...
Within 12 months of Export of Goods and Software, Realise & Repatriate export Proceeds till 31st March 2011 now with Master Circular
Export of Goods and Software – Realisation and Repatriation of export proceeds – Liberalisation as per A.P. (DIR Series) Circular No.57 dated 29th...
Money Laundering Amendment 2010 with insertion of explanation along with updated Master Circular
Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing...
No surrender of the proportionate export incentives under FTP Export Schemes even if proceeds are not realised within 6/12 months
Export of Goods and Services - Unrealised export bills –Write-off - Surrender of export incentives Attention of Authorised Dealer Category – I (AD...
Takeout Financing: refinancing of domestic Rupee loans with ECB under RBI approval route
As per the extant norms, refinancing of domestic Rupee loans with External Commercial Borrowing (ECB) is not permitted. However, keeping in view the...
Monday, May 17, 2010
No Ministry of Commerce approval is required for Royalty/Lumpsum payment above 5%/8% - RBI Current Account Transaction Amendment
In continuation of Press Note 8 issued by DIPP with effect from 16.12. 2009 that No limits for royalty/lumpsum payment in FEMA under...
Wednesday, May 5, 2010
USD 3000 foreign visits abroad, USD 5000 to Iran/Iraq, Libya, Russia & Republics of Commonwealth of Independent States - RBI FEMA currency limits
Release of Foreign Exchange for Visits Abroad – Currency Component Attention of Authorised Persons in foreign exchange is invited to A.P.(DIR Series) Circular...
NBFC requires RBI NoC for overseas direct investment (ODI) in Joint Ventures or wholly owned subsidiary (JV/WoS) abroad
Instances have been observed where Non Banking Finance Companies (NBFCs) have made overseas investments without regulatory clearance of the Department of Non-Banking Supervision,...
Thursday, April 22, 2010
Total period of realisation is 8 years for Securitisation Company, loss assets, date of acquisition defined, surplus investment in NABARD/SIDBI & more disclosures in Balance sheet - SARFAESI provisions amended
The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 – Amendments (under SARFAESI provisions) RBI clarification on certain issues as...
Securitisation Company u/ SARFAESI Act shall hold atleast 5% of Security Receipts issued by it on ongoing basis till the redemption of scheme, RBI
RBI amendment in SARFAESI provisions Securitisation Companies/ Reconstruction Companies(SC/RCs) registered with the Bank are required to invest in the Security Receipts (SRs) issued...
RBI approval is mandatory for Public (IPO), Preferential issue, QIP by Private bank; Understand what is required for Public issue of securities (SEBI)
Approvals required for various Corporate Actions, Issues by Private Sector Banks 1. Initial Public Offers (lPOs) – Public Issues: (i) All banks should...
Tuesday, April 6, 2010
Debentures/Bonds by Indian Infrastructure companies to Non Resident Entities following ECB (structured obligations/novated loans)
External Commercial Borrowings (ECB) Policy – Structured Obligations Borrowing and lending of Indian Rupees between two persons resident in India does not attract...
Download RBI Notification & Guidelines on Stripping/Reconstitution of Government Securities, a good read
RBI Guidelines on Stripping/Reconstitution of Government Securities Please refer to paragraph No.101 of the Annual Policy Statement for the year 2009-10. As indicated...
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