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Information in offer document/placement memorandum for InvITs

October 20, 2016 829 Views 0 comment Print

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 Manager and the Sponsor.

Foreign Portfolio Investors in Govt securities on NDS-OM platform

October 20, 2016 850 Views 0 comment Print

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.

Inclusion of ICDs located at Kalinganagar & Tumb Village

October 20, 2016 982 Views 0 comment Print

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.

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

October 20, 2016 1654 Views 0 comment Print

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 the secondary market.

Review of sectoral caps & simplification of FDI Policy

October 20, 2016 1621 Views 0 comment Print

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

Investment by Foreign Venture Capital Investor under SEBI Regulations

October 20, 2016 1813 Views 0 comment Print

Investment in India by Foreign Venture Capital Investors (FVCI), registered with SEBI, is governed by the provisions of Schedule 6 of the Principal Regulations.

Foreign investment in Other Financial Services

October 20, 2016 1090 Views 0 comment Print

On a review, in consultation with the Government of India, it has been decided to allow foreign investment up to 100% under the automatic route in ‘Other Financial Services’.

Rupee Drawing Arrangement – Trade related remittance limit

October 20, 2016 994 Views 0 comment Print

On a review and in consultation with Government of India, it has been decided that the permitted trade transaction, under the Rupee Drawing Arrangements (RDAs) shall not exceed fifteen lakh rupees per transaction.

External Commercial Borrowings – Extension and conversion

October 20, 2016 1438 Views 0 comment Print

Under the extant ECB guidelines, designated AD Category-I banks can approve requests from borrowers for changes in repayment schedule during the tenure of the ECB

Bade jhad ka jangal cannot be allotted by State authorities without prior approval of Central Government U/s. 2 of Forest (Conservation) Act, 1980

October 20, 2016 3777 Views 0 comment Print

Impugning legality, validity and correctness of the order dated 26-5-2005 passed by the Board of Revenue by which the Board of Revenue has affirmed the order of the Commissioner setting aside the sale made by the original holders in favour of the petitioners and vesting the land in favour of the Government finding that the sale made by the original holders of the land in favour of the petitioners is in violation of the provisions contained in Section 165(7)(b) of the Chhattisgarh Land Revenue Code, 1959 (for short ‘the Code of 1959’), the petitioners have filed these writ petitions.

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