March towards Rupee Convertibility
On the auspicious occasion of NRI’s day (the Pravasi Bhartiya Divas) on 9th January 2003, the Finance Minister has made major...
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Foreign Companies to Have Thorough Health Check Up Before IDE Issue
Similar to the American Depository Receipts (ADRs) or Global Depository Receipts (GDRs) which have been used by Indian companies to raise...
Press Note 6 (2009 Series)
Foreign direct investment in small scale industries (SSI) was capped at 24%.
Prudential Guidelines on Restructuring of Advances by Banks
Special regulatory treatment for asset classification had been made available to all categories of advances except consumer and personal...
Revised Code of Conduct for Mutual Funds Intermediaries
The Association of Mutual Funds in India has come up with a revised Code of Conduct for Mutual Funds (MFs) intermediaries. Securities and...
Guidelines for Core Investment Companies
In the past there has been a lack of clarity whether investment holding companies are considered as Non-Banking Financial Companies (“...
Uncertainty in the Microfinance Sector
The microfinance sector has been often praised and feted as the socially responsible face of Indian industry. Under the banner of...
Far Reaching Amendments to the Mutual Fund Regulations
Vide its Notification dated 30 August 2011, the Securities and Exchange Board of India has issued certain amendments to the Mutual Fund...
Wealth Management Compliance in India
The size of the wealth management industry in India is expected to rise steadily and touch about USD one trillion by the year...
Buyback / Prepayment of Foreign Currency Convertible Bonds (FCCBs)
The Reserve Bank of India (RBI) vide A. P. (DIR Series) Circular No 65 dated April 28, 2009 has now permitted Indian companies to buyback...
SEBI Launches Online Platform for Portfolio Managers, Foreign Venture Capital Investors, Venture Cap
To support the 'Ease of doing Business in India' plan, markets regulator Securities and Exchange Board of India (SEBI), on July 5th, 2017...
Banking & Finance: RBI Issues Revised Framework on Resolution of Stressed Assets
RBI vide its circular (“Circular”) dated February 12, 2018 (“Revised Framework”) has overhauled the extant stressed asset resolution...
B&F: Consolidation in NBFC sector
The Non-Banking Financial Companies ("NBFCs") have been playing a very important role from the macroeconomic perspective by delivering...
B&F: Supreme Court Strikes Down RBI'S Circular on Resolution of Stressed Assets
The Reserve Bank of India ("RBI") vide Circular No.131 dated February 12, 2018 ("Circular") issued a generic framework and instructions...
Insurance Sector in India
After several decades, the insurance sector is in for some competition. The insurance sector has hitherto been monopolised by the State...
Offshore Financial Centres (OFC)
In our continued desire to keep our readers abreast of the latest breaking legal news as well as to bring out topical newsletters on...
Mutual Funds Update Equity Linked Savings Scheme, 2005
In exercise of the powers conferred by clause (xiii) of sub-section (2) of section 80C of the Income-tax Act, 1961, vide Notification No....
Amendments to the Guidelines Governing Euro Issues
Indian companies have been permitted to issue equity and equity related instruments to international investors by virtue of the...
TMT News Update India’s Print Media Policy
That the Foreign Direct Investment (“FDI”) ceiling of 26% may be retained, but investments by Non-Resident Indians (“NRIs”) / Overseas...
Higher Premium on FCCBS a Big Draw for Local Companies
India Inc’s foreign acquisition and capex plans have led to many corporates tapping the overseas market for funds, especially through...
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