Archive for the ‘Financial Service’ Category
Jan-16th-2012
RBI issued a notification relating to (I) Scheme for Investment by Qualified Foreign Investors in equity shares (II) Scheme for Investment by Qualified Foreign Investors in Rupee Denominated Units of Domestic Mutual Funds. Key points of the Notification are as under: RBI/2011-12/347 A. P. (DIR Series) Circular No.66 January 13, 2012 (I) Scheme for
Jan-16th-2012
RBI issued a notification regarding FDI in single Brand Retail Trade, key points of notification are as under: RBI/2011-12/348 A. P. (DIR Series) Circular No. 67 January 13, 2012 To All Category-I Authorised Dealer Banks Madam / Sir, Foreign investment in Single – Brand Retail Trading Amendment to the Foreign Direct Investment (FDI) Scheme Attention
Dec-7th-2011
RBI issued a notification regarding Introduction of New Category of NBFCs – ‘Non Banking Financial Company-Micro Finance Institutions’ (NBFC-MFIs) – Directions, key points of the notification are as under: RBI/2011-12/290 DNBS.CC.PD.No. 250/03.10.01/2011-12 December 02, 2011 Introduction of New Category of NBFCs – ‘Non Banking Financial Company-Micro Finance Institutions’ (NBFC-MFIs) – Directions As indicated in
Nov-20th-2011
RBI issued a notification regarding “Set-off” of export receivables against import payables, key points of the notification are as under: “Set-off” of export receivables against import payables- Liberalization of Procedure Attention of Authorized Dealer Category – I (AD Category – I) banks is invited to the fact that the requests received from the exporters through
Nov-6th-2011
RBI issued a notification regarding Payment of Cheques/Drafts/Pay Orders/Banker’s Cheques, key points of the notification are as under: RBI/2011-12/251 DBOD.AML BC.No.47/14.01.001/2011-12 November 4, 2011 Payment of Cheques/Drafts/Pay Orders/Banker’s Cheques In India, it has been the usual practice among bankers to make payment of only such cheques and drafts as are presented for payment within a
