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Compounding of Contraventions under FEMA, 1999
FAQ on Compounding of Contraventions under FEMA, 1999 (As on June 03, 2016) Q.1. What is meant by contravention and compounding of contravention? Ans. Contravention is a breach of the provisions of th...
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All about Compulsorily Convertible Debentures
Raising of Funds Through Compulsorily Convertible Debentures Broadly any company issuing Compulsorily Convertible Debentures (CCD) will be required to comply following laws in India, which are as unde...
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Possession of Foreign Currency
Whether a person being resident in India can accept and possess foreign currency? Many persons are interested at preserving old currency, new released currency, foreign currency received by them. Few...
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Non performing Assets (NPA) Management
NPA MANAGEMENT In current era the word NPA is well heard or well read by us. The banking industry is facing high NPA problem which leads to downtrend of profitability. In this article we shall try to...
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Credit Supply for Large Borrowers through Market Mechanism
RBI releases Discussion Paper on Framework for enhancing Credit Supply for Large Borrowers through Market Mechanism The Reserve Bank of India today placed on its website the Discussion Paper (DP) on F...
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Steps taken to curb Black Money within & outside the country
Press Information Bureau Government of India Ministry of Finance 10-May-2016 Government takes various steps in last two years to curb the menace of Black Money both within and outside the country. The...
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RBI First Bi-monthly Monetary Policy Statement, 2016-17
First Bi-monthly Monetary Policy Statement, 2016-17 By Dr. Raghuram G. Rajan, Governor Date : Apr 05, 2016 Part A: Monetary Policy Monetary and Liquidity Measures On the basis of an assessment of the...
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RBI cancels Certificate of Registration of 22 more NBFCs
Recently Reserve Bank of India (RBI) has cancelled Certificate of Registration of 26 NBFCs and now it has cancelled Certificate of Registration of 22 (twenty two) more non-banking financial companies...
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RBI amends provisions relating to investments made by NRIs
Reserve Bank of India (RBI), vide notification FEMA.361/2016-RB[1] on 15th February, 2016 issued Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendme...
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RBI FAQS on Infrastructure Finance Companies (IFCs)
Infrastructure Finance Companies (IFCs) Q.1. What is an Infrastructure finance? Ans “Infrastructure loan” means a credit facility extended by NBFCs to a borrower for exposure in the following infrastr...
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RBI floats Draft Regulatory Framework for Account Aggregator Companies to facilitate Consolidated Viewing of Financial Assets Holdings
Date :March 03, 2016 The Reserve Bank of India has released on its website today, a draft of the directions (Non-Banking Financial Company – Account Aggregator (Reserve Bank) Directions, 2016) to put...
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RBI cancels Certificate of Registration of 26 NBFCs
The Reserve Bank of India (RBI) has cancelled the certificate of registration of the 26 (twenty six) non-banking financial companies (NBFCs) as shown in Annex, in exercise of the powers conferred on i...
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FAQ on Overseas JV and WOS
What is an overseas JV? What is meant by wholly-owned subsidiary, first level subsidiary and second level subsidiary? How can direct investments (DI)/ financial commitments (FC) in overseas wholly own...
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RBI extends the Date for Withdrawal of Pre-2005 Series Banknotes to June 30, 2016
RBI/2015-16/316 DCM (Plg) No.G- 9/2856/10.27.00/2015-16 February 11, 2016 The Chairman / Managing Director / Chief Executive Officer All State Co-operative Banks / District Central Co-operative Banks...
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Implementation of Indian Accounting Standards (Ind AS)
RBI/2015-16/315 DBR.BP.BC.No.76/21.07.001/2015-16 February 11, 2016 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Implementation of Indian Accounting Standards (Ind...
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FEMA: Compilation of R-Returns: Reporting under FETERS
RBI/2015-16/317 A.P. (DIR Series) Circular No. 50 February 11, 2016 To, All Authorised Dealers in Foreign Exchange Madam / Sir, Compilation of R-Returns: Reporting under FETERS Attention of Authorised...
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RBI: Applicability of Legal Guardianship Certificates issued under Mental Health Act, 1987
RBI/2015-16/321 DBR.No.Leg.BC.78/09.07.005/2015-16 February 11, 2016 The Chairman/Chief Executives (All Scheduled Commercial Banks other than RRBs) Dear Sir, Legal Guardianship Certificates issued und...
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RBI proposes Changes in Timeframe for Issue of Shares and Reporting of FDI
; Invites Comments from Stakeholders Date : Feb 04, 2016 The Reserve Bank of India has proposed certain changes in respect of the time frame for issue of shares to align the provisions of Foreign Exch...
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RBI proposes Changes in Timeframe for Issue of Shares and Reporting of FDI; Invites Comments from Stakeholders
The Reserve Bank of India has proposed certain changes in respect of the time frame for issue of shares to align the provisions of Foreign Exchange Management Act, 1999 which requires an investee comp...
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Physical filing of forms ARF, FCGPR and FC-TRS to discontinue from February 8, 2016
RBI/2015-16/303 A.P. (DIR Series) Circular No. 40 Date: February 01, 2016 To All Category – I Authorised Dealer Banks Madam / Sir, Foreign Direct Investment –Reporting under FDI Scheme, Mandatory fili...