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Notifications/Circulars

Clarification on various Policy and operational issues relating to IT SEZs- Instruction No.70

November 13, 2010 1027 Views 0 comment Print

Instruction No.70 F. No. 12/4/2010-SEZ Government of India Department of Commerce (SEZ Division) **** Udyog Bhawan, New Delhi. Dated: 9th November, 2010. To All Development Commissioners. Subject : clarification on various Policy and operational issues relating to IT SEZs. Sir/Madam, Please find enclosed a copy of clarifications/decisions taken in a meeting chaired by AS(DKM) about […]

Amends ‘Handling of Cargo in Customs Areas Regulations, 2009’

November 12, 2010 1881 Views 0 comment Print

G.S.R. (E). – In exercise of the powers conferred by sub-section (2) of section 141 read with section 157 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following regulations further to amend the Handling of Cargo in Customs Areas Regulations, 2009, n

Amends Notification No. 15/2002-Customs( N.T.), dated the 7th March, 2002 appointing Common Adjudicating Authority

November 12, 2010 403 Views 0 comment Print

G.S.R. (E). – In exercise of powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance, Department of Revenue number 15/2002-Customs ( N.T.), dated the 7th March, 2002, published in the Gazette of India, Extraordinary, Part II, Se

SEBI notifies -No preferential allotment to promoter for 1 year on warrant failure, Retail IPO Investment Limit upto 2 lakhs, Advertise filing of offer documents, Uniform allotment in IPO, Companies to decide whether partly/fully paid shares

November 12, 2010 561 Views 0 comment Print

The above details shall be given for a period of five years prior to date of filing of draft offer document and ought to be updated upto the date of filing of the red herring prospectus. In case of offer documents for fast track issues filed under Regulation 10, the period of five years shall be reckoned on the date of filing of prospectus with Registrar of Companies or letter of offer with the designated stock exchange.

Guidelines on Fair Practices Code for Lenders – Disclosing all information relating to processing fees/charges

November 12, 2010 607 Views 0 comment Print

With a view to bringing in fairness and transparency, banks are advised that they must transparently disclose to the borrower all information about fees/charges payable for processing the loan application, the amount of fees refundable if loan amount is not sanctioned/disbursed, pre-payment options and charges, if any, penalty for delayed repayments if any, conversion charges for switching loan from fixed to floating rates or vice versa, existence of any interest reset clause and any other matter which affects the interest of the borrower. Such information should also be displayed in the website of the banks for all categories of loan products.

Electronic Payment Products – Processing Inward Transactions based soley on Account Number Information

November 12, 2010 910 Views 0 comment Print

In this connection, we enclose a copy of the circular DPSS. (CO). EPPD. No.863 / 04.03.01 / 2010-11 dated October 14, 2010 issued by the Department of Payment and Settlement Systems of the Reserve Bank of India. All Primary (Urban) Co-operative Banks are advised to put in place appropriate systems and procedures to ensure compliance with the prescriptions contained in the above circular.

SEBI (Issue of Capital and Disclosure Requirements) (4th Amendment) Regulations, 2010

November 12, 2010 438 Views 0 comment Print

(i) These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2010. (ii) These regulations shall come into force on the date of their publication in the Official Gazette.

Exposure Norms-Applicability of Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 to standalone Primary Dealers

November 11, 2010 568 Views 0 comment Print

The matter has since been reviewed in the context of the need to further facilitate market making activities of the standalone PDs in corporate bonds. Accordingly, it has been decided to enhance the exposure limits of the standalone PDs from 15 per cent to 25 per cent of their NOF to single borrower and from 25 per cent to 40 per cent of their NOF to group borrowers.

Insurance- Treatment of Unclaimed Amount of Policyholders

November 11, 2010 1803 Views 0 comment Print

CIRCULAR NO. IRDA/F&I/CIR/CMP/174/11/2010, DATED 4-11-2010 It has been noticed by the Authority that the quantum of the amount lying unclaimed by the policyholders/insureds is accumulating on year on year basis. The unclaimed amounts of the policyholders/insureds may be on the following account : a. claims settled but not paid to the policyholders/insureds due to any […]

SEZ – Guidelines to regulate functioning of plastics/Used clothing units in SEZs

November 11, 2010 558 Views 0 comment Print

INSTRUCTION NO. 69, DATED 4-11-2010 In terms of the Rule 18(4) of the SEZ Rules, 2006, extension of Letter of  Approval of an existing unit for recycling plastic scrap and waste enhancement of the approved import quantum of plastic waste and scrap beyond of annual average import quantum of the unit and reprocessing of garments […]

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