Transaction in Corporate Bonds through Request for Quote platform by Portfolio Management Services (PMS)
December 09, 2021 To, All Portfolio Managers, Sir / Madam 1. In order to enhance transparency pertaining to debt investments by Portfolio Management Services (PMS) in Corporate Bonds (CBs) and…
Clarification of holding of Annual General Meeting (AGM) through Video Conference (VC) or Other Audio Visual Means (OAVM)
Dated: 08.12.2021 To, The DGCOA, All Regional Directors, All Registrar of Companies, All Stakeholders. Sir/Madam, With reference to Ministry’s General Circular No. 20/2020 dated 05.05.2020 and General Circular No. 02/2021…
General permission for infusion of capital in overseas branches and subsidiaries and retention/ repatriation/ transfer of profits in these centres by banks incorporated in India
Please refer to para 1 of the ‘Statement on Developmental and Regulatory Policies’ dated December 8, 2021 on the above subject. 2. As per extant practice, banks incorporated in India…
External Commercial Borrowings (ECB) and Trade Credits (TC) Policy – Changes due to LIBOR transition
Please refer to paragraph 3 of the Governor’s Statement on Developmental and Regulatory Policies dated December 08, 2021. In this connection, attention of Authorised Dealer Category-I (AD Category-I) banks is…
Modus operandi of fraudulent transaction – ATM card skimming
Modus Operandi : It has been observed that fraudsters install skimming devices in ATM machines& steal data from your card. PIN is also captured by installing dummy keypad, small /…
Sebi notifies new rules governing related-party transactions
Markets regulator Sebi has made sweeping changes to strengthen the monitoring and enforcement of norms pertaining to related-party transactions. The regulator has tweaked the definition of ‘related party’ and ‘related-party…
RBI to organise its first global hackathon beginning Nov 15
Will be hosted on the Application Programming Interface Exchange platform with the theme ‘Smarter Digital Payments’ The Reserve Bank of India (RBI) on Tuesday said it will organise its first…
Why India is rewriting its bankruptcy code
Gireesh Chandra Prasad The Insolvency and Bankruptcy Code (IBC), which helped improve the credit culture in the country and made corporate rescue more dynamic, is set for another makeover. Mint…
Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) (Second) Guidelines, 2021
December 1, 2021 Corporate Insolvency The Insolvency and Bankruptcy Board of India (Board) is required under the Insolvency and Bankruptcy Code, 2016 (Code) to recommend name of an Insolvency Professional…
Seeks to make amendments (Ninth Amendment, 2021) to the CGST Rules, 2017.
New Delhi, 01st December, 2021 G.S.R…(E).- In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government,…