Fema / RBI News, Articles, Notifications and Forms

  • Feb
  • 05
  • 2016

RBI proposes Changes in Timeframe for Issue of Shares and Reporting of FDI; Invites Comments from Stakeholders

Added In RBI / FEMA
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 company receiving Foreign Direct Investments to issue shares within 180 days of receipt of foreign investment with the provisions of the Companies […]

Read the Full Article

  • Feb
  • 03
  • 2016

Repurchase of Government Stocks

Added In RBI / FEMA
F. No 4(5)-W&M/2015: The Government of India hereby notifies repurchase of (i) 7.59 per cent Government Stock 2016, (ii) 10.71 per cent Government Stock 2016, and (iii) 7.02 per cent Government Stock 2016 (herein after called the Government Stocks) for its cash management operations. The repurchase by the Government of India will be undertaken to prematurely redeem the Government stocks by utilising the current surplus cash balances.

Read the Full Article

  • Feb
  • 02
  • 2016

Foreign Direct Investment In India And Its Reporting

Added In RBI / FEMA
The Reserve Bank of India had issued Notification No. FEMA 20 /2000-RB dated 3rd May 2000 on Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2000to prohibit, restrict or regulate, transfer or issue security by a person resident outside India.

Read the Full Article

  • Feb
  • 02
  • 2016

Sixth Bi-monthly Monetary Policy Statement, 2015-16

Added In RBI / FEMA
On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.75 per cent; keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liability (NDTL);

Read the Full Article

  • Feb
  • 02
  • 2016

RBI announces Regulatory Relaxations for Startups

Added In RBI / FEMA
In paragraph 14 of the Sixth Bi-monthly Monetary Policy Statement for 2015-16 released today, the Governor highlighted the steps being taken by the Reserve Bank of India, in keeping with the Government’s initiatives to promote the ease of doing business and contribute to an eco-system conducive for growth of entrepreneurship, particularly in respect of the start-up enterprises. The details are:

Read the Full Article

  • Feb
  • 01
  • 2016

Physical filing of forms ARF, FCGPR and FC-TRS to discontinue from February 8, 2016

Added In RBI / FEMA
A.P. (DIR Series) Circular No. 40 Foreign Direct Investment –Reporting under FDI Scheme, Mandatory filing of form ARF, FCGPR and FCTRS on e-Biz platform and discontinuation of physical filing from February 8, 2016

Read the Full Article

  • Jan
  • 28
  • 2016

Provision of Safe Deposit Locker facility by NBFCs

Added In RBI / FEMA
In this regard it may be noted that providing safe deposit locker facility is a fee based service and shall not be reckoned as part of the financial business carried out by NBFCs. NBFCs offering safe deposit locker facility or intending to offer it, shall disclose to their customers that the activity is not regulated by the Bank.

Read the Full Article

  • Jan
  • 24
  • 2016

Sovereign Gold Bond Scheme 2015: Things to know with FAQs

Added In RBI / FEMA
In this Article we have discussed 18 things to know about Sovereign Gold Bond Scheme 2015 and 37 Frequently asked Question about the Scheme. Sovereign Gold Bond (SGB) are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India.

Read the Full Article

  • Jan
  • 22
  • 2016

Accept cheques bearing a date as per Saka Samvat for payment: RBI to Banks

Added In RBI / FEMA
As you are aware that Government of India has accepted Saka Samvat as National Calendar with effect from March 22, 1957 and all Government statutory orders, notifications, Acts of Parliament, etc. bear both the dates i.e., Saka Samvat as well as Gregorian Calendar. Therefore, a cheque written in Hindi and bearing a date in Hindi is a valid instrument.

Read the Full Article

  • Jan
  • 21
  • 2016

Interest subvention scheme for Women SHGs – Year 2015-16

Added In RBI / FEMA
All women SHGs will be eligible for interest subvention on credit upto Rs. 3 lakhs at 7% per annum. SHG availing capital subsidy under SGSY in their existing credit outstanding will not be eligible for benefit under this scheme. The Commercial Banks and Cooperative Banks will lend to all the women SHGs in Rural areas at the rate of 7% in the 150 districts is provided at Annexure I

Read the Full Article

Page 1 of 25512345...102030...Last »