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Foreign Portfolio Investors (FPIs) shall not be permitted to invest in liquid and money market mutual fund schemes – SEBI

CIRCULAR  CIR/IMD/FIIC/1/2015 All Foreign Portfolio Investors through their designated Custodians of Securities The Depositories (NSDL and CDSL)             This circular shall come into effect immediately. This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992. A copy … Read more

DGFT started complete online filing of IEC applications process, no more physical form and paper work

Directorate General of Foreign Trade has started operationalising online filing of Importer Exporter Code (IEC) applications, online processing and issue of e-IECs in digital format. Now new entrepreneurs/exporters/importers can apply online for issue of new IEC from the comfort of their home/IT Kiosk with no more visits to the Regional Authority`s office required, and upload … Read more

All future investment by Foreign Portfolio Investors (FPIs) in the debt market in India will be required to be made with a minimum residual maturity of three years

RBI/2014-15/448A.P.(DIR Series) Circular No. 71 February 03, 2015 To, All Authorised Persons Madam/ Sir, Foreign investment in India by Foreign Portfolio Investors Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification … Read more

IEC application document check list and guidelines for processing of online IEC

Department of Commerce Directorate General ofForeign Trade UdyogBhavan,NewDelhi-110011   PolicyCircularNo.17(RE-2013)/2009-2014                                                                                                  dated the30thJanuary, 2015   To   Subject:Guidelines forprocessing of online IEC applications and IEC checklist In continuation of the guidelines for processing online IEC applications, issued vide Policy Circular No.15 dated the 31st December 2014, following further instructions and check list are laid down for processing of the IEC applications:   IECcapplicationccheck-list Nature of check   … Read more

Banks should display the list of unclaimed deposits/inoperative accounts on their websites

RBI/2014-15/437DBR.No. DEA Fund Cell.BC.66/30.01.002/2014-15 February 2, 2015 All Local Area Banks Dear Sir, Unclaimed Deposits/ Inoperative Accounts in Banks –Display list of Inoperative Accounts Please refer to our circular DBOD.No.DEAF Cell.BC.114/30.01.002/2013-14 dated May 27, 2014 on the Depositor Education and Awareness Fund Scheme, 2014(Scheme) and the Scheme notified by Government of India. 2. Keeping in view public … Read more

RBI constituted High Powered Committee on Urban Co-operative Banks

The Reserve Bank of India has constituted a High Powered Committee under the Chairmanship of Shri R.Gandhi, Deputy Governor, Reserve Bank of India to re-examine and recommend appropriate set of businesses, size, conversion and licensing terms for the Urban Cooperative Banking Sector. This was pursuant to the recommendation made by the Standing Advisory Committee (SAC) … Read more

Time Table of Company Secretary Examination, June, 2015

COMPANY SECRETARIES EXAMINATIONS, JUNE, 2015     TIME-TABLE & PROGRAMME EXAMINATION TIMING : 9.00 A.M. TO 12.00 NoonCOMPANY SECRETARIES EXAMINATIONS, JUNE, 2015 TIME-TABLE & PROGRAMME EXAMINATION TIMING : 9.00 A.M. TO 12.00 Noon Date and Executive Programme 01.06.2015 Monday Cost  and Advanced Company Law and Practice (Module – I) Drafting, Appearances  and Pleadings (Module-I) Secretarial  Audit,  Compliance  … Read more

Empanelment for Concurrent Audit of Bank of Baroda for the year 2015-16

Eligible Chartered Accountant firms can submit the application for Emplacement for Concurrent Audit of Bank of Baroda for the year 2015-16  through e-mail on ciad.bcc@bankofbaroda.com in word format followed by hard copy on address mentioned.   Guidelines are as below: 1) No columns of application are to be kept blank.  2) Incomplete applications and / or … Read more

DGFT notified operationalisation of the new system of online applications for IEC with effect from 01/02/2015

To be published in the Gazette of India Extraordinary Part-I, Section (I)  Government of India  Ministry of Commerce & Industry  Department of Commerce  Udyog Bhawan, New Delhi  Public Notice. 83/ (RE-2013)/2009-2014              4.   Effect of this Public Notice: The new system of online applications for IEC as per the Public … Read more