For effective regulation of Mutual Fund Industry, the Securities and Exchange Board of India (“SEBI”) has been issuing various circulars from time to time. In order to enable the stakeholders to have an access to all the applicable regulatory requirements at one place, the provisions of the said circulars issued till March 31, 2023 are incorporated in this Master Circular for Mutual Funds.
SEBI may consider grant of certificate to an applicant, notwithstanding that another entity in same group has been previously granted registration by it
The Master Circular is a compilation of all the existing / applicable circulars issued by Market Intermediaries Regulation and Supervision Department of SEBI pertaining to Stock Brokers. Efforts have been made to incorporate applicable provisions of existing circulars issued by other Departments of SEBI relevant to Stock Brokers.
Basel III reforms are the response of Basel Committee on Banking Supervision (BCBS) to improve the banking sector’s ability to absorb shocks arising from financial and economic stress, whatever the source, thus reducing the risk of spill over from the financial sector to the real economy.
A non-performing asset is a loan or an advance where: (i) Interest and / or installment of principal remain overdue1 for a period of more than 90 days in respect of a Term Loan. (ii) The account remains ‘out of order’2 , in respect of an Overdraft / Cash Credit (OD/CC) and all other loan products being offered as an overdraft facility, including those not meant for business purposes and/or which entail interest repayments as the only credits.
All applicants desirous of seeking registration as a Custodian are now required to submit their applications online only, through SEBI Intermediary Portal at https://siportal.sebi.gov.in.
Explore the comprehensive Master Circular on Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) by RBI. Learn about financial assistance, eligibility criteria, and role of banks
Insurance Regulatory & Development Authority Master Circular Ref: IRDAI/F&I/CIR/RIC/90/4/2023 Date: 24.04.2023 Master Circular on Registration of Indian Insurance Company, 2023 The Authority has notified the IRDAI (Registration of Indian Insurance Companies) Regulations, 2022 (herein after referred to as “Regulations”). In exercise of the powers conferred by Section 14 of the IRDA Act, 1999, the Authority hereby […]
Explore the RBI’s Master Circular on Prudential Norms regarding Capital Adequacy for Primary (Urban) Co-operative Banks (UCBs). Learn about statutory requirements, net worth, capital adequacy norms, and more.
The role of primary (urban) co-operative banks (UCBs) in providing housing finance has been reviewed from time to time. These banks, with their vast network, occupy a very strategic position in the financial system and have an important role to play in providing credit to the housing sector.
