Reserve Bank of India (hereinafter called the Reserve Bank) hereby issues the Draft Certificate of Deposit (Reserve Bank) Directions, 2020 to all entities / agencies eligible to deal in Certificate of Deposit.
Input Tax Credit (ITC) is available on all type of purchases (goods or capital goods or services) if they are used for business (Sub-Section 1 of Section 16). But there are exceptions to this rule. In case of certain purchases ITC is not available even if they are used for business. Such types of purchases […]
Reserve Bank of India hereby issues Draft Call, Notice and Term Money Markets (Reserve Bank) Directions, 2020 to all entities / agencies eligible to deal in call, notice and term money markets.
Reserve Bank of India hereby issues Draft Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2020. These Directions shall apply to entities permitted to act as market-makers in OTC derivatives in terms of the governing Directions. **** Reserve Bank of India RBI releases Draft Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2020 […]
Reserve Bank of India has released today Draft Call, Notice and Term Money Markets (Reserve Bank) Directions, 2020; Draft Certificate of Deposit (Reserve Bank) Directions, 2020 and Draft Commercial Papers and Non-Convertible Debentures (Reserve Bank) Directions, 2020. Comments on the Draft Directions are invited from banks, market participants and other interested parties by January 31, 2021.
Firstly we need to understand the concept of Investment outside India in brief then we will be able to understand the meaning of Disinvestment. Indian Party may invest outside India by way of contribution to the capital or subscription to the Memorandum of Association of a foreign entity or by way of purchase of existing […]
In every country and every society there are people who wish to do something monetarily for the poor and needy people in various ways. For this purpose, instead of donation the amounts to the Government or semi Government organizations, they prefer to form Charitable Trusts or Organizations and do the charity through such trusts. When […]
Review of the ‘NCDs along with warrants’ as a staple product and as a segregated product, offered through Qualified Institutional Placement under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
It appears that a fee, higher than what is payable under the CIRP Regulations, has been paid along with filings of some Forms. These have happened in three situations, namely, (i) fee has been paid for delay in submission of Form, which was on account of technical glitches; (ii) fee has been paid twice for […]
With a view to further enhance the ease of doing business and quicken the approval process, it has been decided to delegate more powers to the Authorised Dealer Category – I banks (AD banks) in the areas of Direct Dispatch of Shipping Documents, Write-off of unrealized Export bills, Set-off of Export receivables against Import payables […]
