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Tuesday, September 9, 2008

[FEMA] NO Bank Guarantee - Advance Remittance - Import of Services UPTO USD 5lakhs

Foreign Exchange Management Act, 1999 – Advance Remittances for Import of Services As per extant regulations, AD Category – I banks are required...

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Industrial Development Bank of India Limited to be IDBI Bank Limited

RBI/2008-09/159 DBOD.No.Ret. BC.40/12.01.001/2008-09 dated September 8, 2008 Alteration in the name of Bank in the Second Schedule to the Reserve Bank of India...

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Monday, September 8, 2008

SEBI DIP Guidelines Current & Earlier Provision as on 28th Aug 2008- An Overview

Credits to Mr. CS Pradeep & Mr. R. Anand Rights Issue N Particulars Earlier Provision Current Provision 1 Advertisement An advertisement giving the...

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Sunday, September 7, 2008

Print your Entrepreneurs Memorandum (EM) Number, to get identified as Micro & Small Enterprise

Whether Schedule VI Update of Companies Act is followed in Spirit ? Apprehensions have been expressed that in the absence of the identification...

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Saturday, September 6, 2008

No Share Certificate to RBI - Overseas Investment - only Certificate with Form ODI

RBI/2008-09/155 A. P. (DIR Series) Circular No. 14 dated September 05,  2008   Old Provision It has been decided that, henceforth, Share Certificates...

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Friday, September 5, 2008

Paper-wise ICSI Exemption for ICWAI Passed Students and vice versa

Exemptions Paper-wise Reciprocal Exemption for students of ICSI and ICWAI (Revised Syllabus 2008 ): Exemption to CS passed candidated in Papers of ICWAI...

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Direct Receipt of Import Bills / Documents - limit increased to USD 3 lakhs

RBI/2008-09/149 A. P. (DIR Series) Circular No. 13 dated September 01, 2008 AD Category – I banks may make remittances for imports, where...

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Thursday, September 4, 2008

SEBI amends Listing Agreement Clauses 16,19,24&41 on 4th September 2008

SEBI today amended equity listing agreement to give effect to the reduction of time period  in case of Rights issue as decided on...

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Friday, August 29, 2008

Section 25 Companies as Business Correspondents (BC) to Banks

It has since been decided that banks can engage companies registered under Section 25 of the Companies Act, 1956, as Business Correspondents (BCs)...

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[FEMA]import of Platinum, Palladium, Rhodium and Silver, Credit <= 90 days

It has been decided that Suppliers’ and Buyers’ credit, including the usance period of Letters of Credit opened for import of Platinum, Palladium,...

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Crop Loan - 80% Short Term Prodution & 20% Clean Credit Limit

A new simplified cyclical credit product for financing crop production while also ensuring year round liquidity for farmers, particularly in rain-fed areas of...

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Banks should accept Cash Over the Counter

Acceptance of cash over the counterIt has been brought to our notice that some banks have introduced certain products whereby the customers are...

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CS Updatin...

See Yes -> Yes, ACS

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