Central Government notifies applicability of sections 1 to 29 of Limited Liability Partnership (Amendment) Act, 2021 from 01st day of April, 2022. LLP amendment Act, 2021 which was notified on 13th August, 2021 have 29 Sections all these section are been made applicable from 01st April 2022. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the […]
Central Government notifies Limited Liability Partnership (Amendment) Rules, 2022 and amended Rule 5 (Fees), 18 and 19. It further inserted following rules- 19A. Allotment of new name to existing LLP under sub-section (3) of section 17 37A. Adjudication of penalties 37B. Appeal against order of adjudicating officer 37C. Registration of appeal 37D. Disposal of appeal […]
Central Government notifies Appointment of Registrar of Companies (ROCs) as Adjudication officers under Limited Liability Partnership Act, 2008 (LLP Act 2008). MINISTRY OF CORPORATE AFFAIRS ORDER New Delhi, the 11th February, 2022 S.O. 622(E).—In exercise of the powers conferred by section 76A of the Limited Liability Partnership Act, 2008(6 of 2009), the Central Government hereby […]
Shri Ravi Mital took charge as Chairperson of Insolvency and Bankruptcy Board of India in New Delhi today. A 1986 batch Indian Administrative Service (IAS) officer of Bihar cadre, Shri Ravi Mital holds degrees of B.E. in Mechanical Engineering and M.Phil. in Environmental Science.
The procedure for allocation of quota for import of (i) Calcined Pet Coke for use in Aluminum Industry; and (ii) Raw Pet Coke for CPC manufacturing industry for the year 2022-2023 is notified. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade New Delhi, Dated: 10th February, 2022 […]
Banks in India having Authorised Dealer Category-I (AD Cat-I) license under FEMA, 1999, shall be eligible to offer Foreign Currency Settled OIS (FCS-OIS) based on the Overnight Mumbai Interbank Outright Rate (MIBOR) benchmark published by Financial Benchmarks India Pvt. Ltd. (FBIL) to persons not resident in India as well as to other AD Cat-I banks.
The Reserve Bank, in consultation with the Government of India and Securities and Exchange Board of India (SEBI), introduces a separate channel, called the ‘Voluntary Retention Route’ (VRR), to enable FPIs to invest in debt markets in India. Broadly, investments through the Route will be free of the macro-prudential and other regulatory norms applicable to FPI investments in debt markets, provided FPIs voluntarily commit to retain a required minimum percentage of their investments in India for a period. Participation through this Route will be entirely voluntary.
Foreign Portfolio Investors (FPIs) are eligible to be categorised as non-retail users and have been allowed to buy and sell CDS protection under the Credit Derivatives Directions. Necessary Directions to Authorised Persons that are eligible to deal with FPIs for transacting in Credit Derivatives in terms of the Credit Derivatives Directions are being issued hereunder.
Master Circular – Asset Reconstruction Companies shall apply to ARCs registered with the Reserve Bank of India under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. However, in respect of the trust/s mentioned in paragraph 7 herein, the provisions of paragraphs 3, 4, 5,8, 9(i), 9(iii) 11,12,13 and 14 shall not be applicable.
The draft Reserve Bank of India (Credit Derivatives) Directions, 2021 were released for public comments on February 16, 2021. Based on the feedback received from the market participants, the draft Directions were reviewed and have since been finalised. The Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2022 are enclosed herewith.
