"20 October 2016" Archive

Features of Sovereign Gold Bonds 2016-17 – Series III

RBI 2016-17/98 IDMD.CDD.No.893/14.04.050/2016-17 (20/10/2016)

Sovereign Gold Bonds 2016-17 – Series III may be held by a person resident in India, being an individual, in his capacity as such individual, or on behalf of minor child, or jointly with any other individual....

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GST: Distortions to be Avoided

The three day meeting of GST Council scheduled from 18th to 20th October, 2016 ended in two days only with a resolve to meet again on 3-4 November and then on 9-10 November, 2016 to discuss rate stricture and draft GST law respectively. The winter session of Parliament has already been convened from 16th November, 2016....

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Posted Under: Fema / RBI |

Online system for Investment Advisers & Research Analysts

PR No. 148/2016 (20/10/2016)

SEBI has introduced an online system for Investment Advisers and Research Analysts to promote ease of operations in terms of e-registration, compliance reporting, etc....

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The Initiative factor! – Taking the First Step

One may consider the initiatives given above as easy-sounding but doing is the hard part. Taking first step is the hardest of all. Metaphorically, it’s like a space satellite exerting tremendous effort and energy to launch itself off the earth. ...

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Posted Under: Fema / RBI |

Rebate of State Levies on Export of Garments-Reg.

Circular No. 47/2016–Customs (20/10/2016)

Kind attention is invited to Circular No. 43/2016-Customs dated 31.8.2016 on the above cited subject. The field formations are informed for necessary action that with reference to Para 11 of the said Circular, the address of the Textile Commissioner for communication is Nishta Bhawan, New CGO Building, 48, New Marine Lines...

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Information in offer document/placement memorandum for InvITs

Circulars No. CIR/IMD/DF/114/2016 (20/10/2016)

Regulation 15(3), read with Schedule III, and Regulation 15(4) of the SEBI (Infrastructure Investment Trusts) Regulations, 2014 prescribe disclosures to be made in an offer document and placement memorandum respectively. The said disclosures, inter-alia, include disclosures for financial information of the InvIT as well as the Investment ...

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Foreign Portfolio Investors in Govt securities on NDS-OM platform

Notification No. RBI/2016-17/86 (20/10/2016)

In terms of RBI circular FMRD.DIRD.06/14.03.007/2014-15 dated March 20, 2015, FPIs are currently permitted to transact in the Over-The-Counter (OTC) market for Government securities with T+2 settlement....

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Inclusion of ICDs located at Kalinganagar & Tumb Village

Public Notice No. 39/2015-2020 (20/10/2016)

ICDs located at Kalinganagar and Tumb Village (Taluka Umbergaon, District Vaisad) are included under para 4.37 (a) Hand Book of Procedures (2015-2020) for availing export promotion benefits under Chapter 4 of Foreign Trade Policy....

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NDS-OM Web Module – Access to Gilt Account Holders (GAHs)

Notification No. RBI/2016-17/87 (20/10/2016)

As announced in the First Bi-monthly Monetary Policy Statement for the year 2016-17 (paragraph 36) on April 5, 2016, it has been decided to make it obligatory for the Primary Members (PM) to offer the web-based NDS-OM module to their constituent gilt account holders (excluding individuals) for online trading in Government securities in th...

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Review of sectoral caps & simplification of FDI Policy

RBI/2016-17/88 A.P. (DIR Series) Circular No. 6 (20/10/2016)

An entity engaged in single brand retail trading operating through brick and mortar stores, is permitted to undertake retail trading through e-commerce....

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