Monthly Archives: June 2014

RBI : Foreign investment in the Insurance Sector – Amendment to the Foreign Direct Investment Scheme

  Reserve Bank of India vide its notification no. RBI/2013-14/629 dated June 5, 2014 issued to All Category – I Authorised Dealer Banks notified the following: Attention of Authorised Dealers Category – I (AD Category – I) banks is invited … Continue reading

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SEBI : Base Issue Size, Minimum Subscription, Retention of Over-Subscription Limit and further disclosures in the Prospectus for Public Issue of Debt securities

  Securities and Exchange Board of India vide its circular no CIR/IMD/DF/ 12 /2014 June 17, 2014 clarified the following: 1. Minimum Subscription Limit:  a) Section 69 of the Companies Act, 1956 specifies that no allotment shall be made of … Continue reading

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RBI : The Banking Laws (Amendment) Act 2012 – Amendments to Section 18 & 24 of Banking Regulation (B.R.) Act, 1949 (AACS) – Maintenance of Cash Reserve Ratio (CRR) for Non-Scheduled UCBs and Statutory Liquidity Ratio (SLR) for UCBs

  Reserve Bank of India vide its notification no. RBI/2013-14/628 dated June 5, 2014 issued to the Chief Executive Officers of All Primary (Urban) Co-operative Banks notified the following: Pursuant to the enactment of the Banking Laws (Amendment) Act, 2012, … Continue reading

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SEBI : Know Your Client (KYC) requirements for Foreign Portfolio Investors (FPIs).

  Securities and Exchange Board of India vide its Circular no. CIR/IMD/FIIC/11/2014 dated June 16, 2014 clarified the following: Reserve Bank of India (RBI) has issued circular no. RBI/2013-14/552 DBOD. AML. BC. No. 103/ 14.01.001/ 2013-14 dated April 03, 2014 … Continue reading

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FEMA : Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2014

  Reserve Bank of India, Foreign Exchange Department vide its Notification No.309/2014-RB dated June 04, 2014 under clause (g) of sub-section (3) of Section 6 and sub section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 … Continue reading

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RBI : Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR)

Reserve Bank of India vide its notification no. RBI/2013-14/626 dated June 4, 2014 issued to The Chairmen of All Regional Rural Banks notified the following: Refer to RBI’s circular RPCD.CO.RRB.BC.No.22/03.05.28(B)/2012-13 dated August 1, 2012 on the captioned subject. As announced … Continue reading

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Extending the Anti-Dumping Duty on All Kinds of Plastic Processing or Injection Moulding Machines Originating in or Exported from China PR, for a Further Period of One year i.e. upto and inclusive of the 11th day of May, 2015.

  Government of India, Ministry of Finance (Department of Revenue) vide its notification no. 28/2014-Customs (ADD) dated 19th June, 2014 notified the following: Whereas, the designated authority vide notification No. 15/2/2014-DGAD, dated the 9th May, 2014, published in Part I, Section 1 of … Continue reading

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