Corporate Updates – 05-01-2017

MasterClasseson Insolvency & Bankruptcy Code, 2016

Registration open for "Master Classes – Insolvency & Bankruptcy Code, 2016 to be held from 9th January, 2017 to 13th January, 2017 daily from 5:30 PM onwards at NIRC Auditorium, ICSI-NIRC Building, 4, Prasad Nagar Institutional Area, New Delhi. Fee : Rs. 750/- for all participants including Corporate Members of NIRC; Online Payment / Registration Facility Available; Program Credit Hours: 02 per day.


RBI has extended the Facility for exchange of Specified Bank Notes (SBNs) which is made available for the resident and non-resident citizens who could not avail the facility from November 10 to December 30, 2016 on account of their absence from India during the aforementioned period. This facility will be made available through five of the offices of the Reserve Bank viz. the Reserve Bank offices at Mumbai, New Delhi, Chennai, Kolkata, and Nagpur. Further, the facility can be availed only by Indian citizens in their individual capacity and only on one occasion during the period. No third party tender is permissible under the facility. In particular, the above facility is available only to those tenderers whose accounts are KYC compliant and those who have not deposited SBNs into their accounts from November 10 to December 30, 2016.


Securities and Exchange Board of India (SEBI) has issued Guidelines for facilitating and regulating financial services relating to securities market in an International Financial Services Centre (IFSC). As per the guidelines, Foreign Portfolio Investors (FPIs) proposing to operate in IFSC shall be allowed without any additional documentation. SEBI further declared that Eligible Foreign Investors (EFIs) which are not registered with SEBI but intending to operate at IFSC may operate after a due diligence carried out by a bank, which is permitted by RBI to operate in IFSC, during the account opening process of EFI.

Speak Your Mind