Circular on Augmentation of capital funds by issue of Long Term Deposits
- Sunday, November 29, 2009, 5:59
- RBI / FEMA
Please refer to our circular UBD.PCB.Cir.No.4/09.18.201/2008-09 dated July 15, 2008 prescribing guidelines for issue of Preference shares and Long term Deposits by Urban Cooperative Banks. In this connection, it is advised that the Long Term Deposits referred to in the said guidelines should henceforth be titled as ‘Long Term (Subordinated) Deposits’.
Yours faithfully
(A.K. Khound)
Chief General Manager-in-Charge
Circular Details:-
RBI/2009-10/232-
UBD.PCB.Cir.No. 24 /09.18.201/2009-10
Dated:- November 27, 2009
Issued to
The Chief Executive Officer, Primary (Urban) Cooperative Banks
Related posts:
- The option to or not to avail the benefit of indexation for the computation of capital gains on the transfer of each of the long term capital asset is with the assessee
- Long-term capital gains tax exemption on Investment U/s. 54EC
- Direct Tax Code (DTC) may give a fillip to long-term life policies
- Set-off of short-term capital losses, subject to STT, allowable against short-term capital gains not subject to STT
- RBI circular to Stand-alone Primary Dealers – Enhancement of Minimum Net Owned Funds