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Archive: 12 November 2010

Posts in 12 November 2010

Amends ‘Handling of Cargo in Customs Areas Regulations, 2009’

November 12, 2010 1365 Views 0 comment Print

G.S.R. (E). – In exercise of the powers conferred by sub-section (2) of section 141 read with section 157 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following regulations further to amend the Handling of Cargo in Customs Areas Regulations, 2009, n

Amends Notification No. 15/2002-Customs( N.T.), dated the 7th March, 2002 appointing Common Adjudicating Authority

November 12, 2010 250 Views 0 comment Print

G.S.R. (E). – In exercise of powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance, Department of Revenue number 15/2002-Customs ( N.T.), dated the 7th March, 2002, published in the Gazette of India, Extraordinary, Part II, Se

SEBI notifies -No preferential allotment to promoter for 1 year on warrant failure, Retail IPO Investment Limit upto 2 lakhs, Advertise filing of offer documents, Uniform allotment in IPO, Companies to decide whether partly/fully paid shares

November 12, 2010 306 Views 0 comment Print

The above details shall be given for a period of five years prior to date of filing of draft offer document and ought to be updated upto the date of filing of the red herring prospectus. In case of offer documents for fast track issues filed under Regulation 10, the period of five years shall be reckoned on the date of filing of prospectus with Registrar of Companies or letter of offer with the designated stock exchange.

Guidelines on Fair Practices Code for Lenders – Disclosing all information relating to processing fees/charges

November 12, 2010 394 Views 0 comment Print

With a view to bringing in fairness and transparency, banks are advised that they must transparently disclose to the borrower all information about fees/charges payable for processing the loan application, the amount of fees refundable if loan amount is not sanctioned/disbursed, pre-payment options and charges, if any, penalty for delayed repayments if any, conversion charges for switching loan from fixed to floating rates or vice versa, existence of any interest reset clause and any other matter which affects the interest of the borrower. Such information should also be displayed in the website of the banks for all categories of loan products.

Electronic Payment Products – Processing Inward Transactions based soley on Account Number Information

November 12, 2010 580 Views 0 comment Print

In this connection, we enclose a copy of the circular DPSS. (CO). EPPD. No.863 / 04.03.01 / 2010-11 dated October 14, 2010 issued by the Department of Payment and Settlement Systems of the Reserve Bank of India. All Primary (Urban) Co-operative Banks are advised to put in place appropriate systems and procedures to ensure compliance with the prescriptions contained in the above circular.

SEBI (Issue of Capital and Disclosure Requirements) (4th Amendment) Regulations, 2010

November 12, 2010 255 Views 0 comment Print

(i) These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2010. (ii) These regulations shall come into force on the date of their publication in the Official Gazette.

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