"01 July 2011" Archive - Page 5

RBI's Master Circular dated 1-7-2011 on Disclosure in Financial Statements – Notes to Accounts

Master Circular No. DBOD.BP.BC NO. 16 /21.04.018/2011-12 01/07/2011

Please refer to the Master Circular DBOD.BP.BC.No.3/21.04.018/2010-11 dated July 1, 2010 consolidating all operative instructions issued to banks till June 30, 2010 on matters relating to disclosures in the 'Notes to Accounts' to the Financial Statements. The Master Circular has now been suitably updated by incorporating instructions issu...

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RBI's Master Circular dated 1-7-2011 on Housing Finance

Master Circular No. DBOD. NO.DIR.BC. 03/08.12.001/2011-12 01/07/2011

As you are aware, in order to have all current instructions on a subject at one place, the Reserve Bank of India had issued a Master Circular DBOD.DIR(HSG.)No.7/08.12.01/2010-11 dated July 1, 2010 on the captioned subject, which is now updated up to 30th June 2011. It may be noted that the Master Circular consolidates and updates all the ...

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RBI's Master Circular dated 1-7-2011 on Memorandum of Instructions governing money changing activities

Master . 13/2011-12 01/07/2011

The guidelines for issue of new FFMC licence and renewal of FFMC licence, branch licensing, approval for appointment of agents/franchisees and Know Your Customer (KYC)/Anti Money Laundering (AML)/Combating the Financing of Terrorism (CFT) Guidelines for Authorised Persons are given below. These guidelines are indicative and the Reserve Ba...

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RBI's Master Circular dated 1-7-2011 on Frauds – Classification and Reporting

CIRCULAR NO. DBS. FRMC. BC. NO.1/23.04.001/2011-12 01/07/2011

Please refer to our letter DBS. FrMC. BC. No.1 /23.04.001/2010-11 dated July 01, 2010 forwarding the Master Circular on 'Frauds - Classification and Reporting'. It may be noted that the Master Circular consolidates and updates all the instructions issued during the year since the date of the last Master Circular dated July 1, 2010. The Ma...

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SARFAESI – RBI's Master Circular dated 1-7-2011 on Change in or Take Over of the Management of the Business of the Borrower by Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines, 2010

Circular No.. DNBS (PD) CC. NO. 26/SCRC/26.03.001/2011-2012 01/07/2011

In view of announcement in the Monetary Policy Statement, the Reserve Bank of India hereby notifies these guidelines, framed under section 9(a) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) to provide for the proper management of the business of the borrower to e...

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RBI's Master Circular dated 1-7-2011 on Risk Management and Inter-Bank Dealings

MASTER CIRCULAR NO. 12/2011-12 01/07/2011

Foreign Exchange Derivative Contracts, Overseas Commodity & Freight Hedging, Rupee Accounts of Non-Resident Banks, Inter-Bank Foreign Exchange Dealings, etc. are governed by the provisions in Notification No. FEMA 1/2000-RB, Regulation 4(2) of Notification No. FEMA 3/RB-2000 and Notification No. FEMA 25/RB-2000 dated May 3, 2000 and subse...

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RBI'S Master Circular dated 1-7-2011 on Direct Investment by Residents in Joint Venture (JV)/Wholly Owned Subsidiary (WOS) Abroad

MASTER CIRCULAR NO. 11/2011-12 01/07/2011

Direct investments by residents in Joint Venture (JV) and Wholly Owned Subsidiary (WOS) abroad are being allowed, in terms of clause (a) of sub-section (3) of section 6 of the Foreign Exchange Management Act, 1999 (42 of 1999) read with FEMA Notification 120/RB-2004 dated July 7, 2004, (GSR 757(E) dated November 19, 2004), viz. Foreign Ex...

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RBI's Master Circular dated 1-7-2011 on Nomination facility in Relief / Savings Bonds

MASTER CIRCULAR NO. DGBA.CDD NO. H – 9022/13.01.299 / 2011-12 01/07/2011

A sole holder or all the joint holders (investors) of a Relief/Savings Bond other than in the form of promissory note or bearer bond may nominate one or more persons who in the event of death of the sole holder/all the joint holders, as the case may be, would be entitled to the Relief/Savings Bond and to the payment thereon, provided that...

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RBI Master Circular- Resource Raising Norms for Financial Institutions

RBI/2011-12/67 DBOD.No.FID.FIC.1/01.02.00/2011-12 01/07/2011

DBOD.No.FID.FIC.1/01.02.00/2011-12 The process of reforms in the Indian financial sector since the early nineties has had profound implications for the resource raising of all India Financial Institutions (FIs). With the gradual phasing out of funding to the FIs from the Long-Term Operations (LTO) Funds of the RBI and the discontinuance o...

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RBI's Master Circular, dated: 1-7-2011 on export of goods and services

Master Circular No. 10/2011-12 01/07/2011

Export trade is regulated by the Directorate General of Foreign Trade (DGFT) and its regional offices, functioning under the Ministry of Commerce and Industry, Department of Commerce, Government of India. Policies and procedures required to be followed for exports from India are announced by the DGFT, from time to time. (ii) AD Category ...

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