Reserve Bank of India

Master Circular on Foreign Investment in India RBI has vide its circular : RBI/2013-14/15 Master Circular No.15 /2013-14 dated 1st July, 2013 released the Master circular on Foreign Investment in India. The regulatory framework and instructions issued by the Reserve Bank have been compiled in this Master Circular. The Master Circular also covers the area […]

Acknowledgement by banks at the time of submission of Form 15-G / 15-H In view to protect interest of the depositors and for rendering better customer service,Reserve Bank of India has through its circular RBI/2012-13/516 DBOD.No.Leg.BC.100/09.07.005/2012-13 dated 31st May 2013, advised banks to give an acknowledgment at the time of receipt of Form 15-G/15-H. This

Overseas Direct Investments – Clarification  Reserve Bank of India has observed that eligible Indian parties are using overseas direct investments (ODI) automatic route to set up certain structures facilitating trading in currencies, securities and commodities. Also that such structures having equity participation of Indian parties have also started offering financial products linked to Indian Rupee.

Maintenance of Collateral by Foreign Institutional Investors (FII’s) in Cash and F&O segment. The Reserve Bank of India (hereinafter referred to as “RBI”) had earlier issued a circular, in terms of which FIIs may offer such securities as permitted by the Reserve Bank from time to time as collateral to the recognized Stock Exchanges in

Foreign Exchange Management Act,1999 – Import of precious and semi precious stones- Clarification The Reserve Bank of India (hereinafter referred to as “RBI”) has vide notification RBI/2012-13/418 A.P. (DIR Series) Circular No.83 dated 20th Feb, 2013 clarified that AD Category – I banks which are permitted to approve Suppliers and Buyers Credit including the Usance

External Commercial Borrowings (ECB) Policy – Non-Banking Financial Company – Infrastructure Finance Companies (NBFC-IFCs) RBI has decided to enhance the ECB limit for NBFC-IFCs under the automatic route from 50 % of their owned funds to 75 % of their owned funds, including the outstanding ECBs. NBFC-IFCs desirous of availing ECBs beyond 75 % of

Definition of ‘Infrastructure Loan’ of NBFCs – Harmonisation The Reserve Bank of India (hereinafter referred to as “RBI”) has vide Circular No. DNBS.PD.CC.No. 317/03.10.001/2012-13 dated 28th December, 2012 amended the definition of Infrastructure Loan for the for the purpose of NBFC Prudential Norms Directions, 2007, to read as follows: Infrastructure loan means a credit facility

Export of Goods and Software – Realisation and Repatriation of export proceeds – Liberalisation –RBI had vide Circular No. A.P. (DIR Series) Circular No. 40 dated 1st November, 2011 enhanced the period of realization and repatriation to India of amount representing the full export value of goods or software exported, from six months to twelve

Export of Goods and Services – Simplification and Revision of Softex Procedure – The simplified and revised Softex procedure was introduced by RBI vide A.P. (DIR Series) Circular No.80 dated February 15, 2012 and since its introduction, the revised procedure for export of software services has been running successfully at the 5 designated centres. RBI

Foreign Direct Investment (FDI) in India – Allotment of Shares to person resident outside India under Memorandum of Association (MoA) of an Indian company – Pricing guidelines :RBI has vide its circular RBI/2012-13/223 A.P. (DIR Series) Circular No. 36 dated September 26, 2012 has intimated  that in cases, where non-residents (including NRIs) make investment in an