Corporate Updates – 06-04-2015

RBI:

RBI has notified Revised Regulatory Framework for NBFCs and all NBFC are required to have meticulous compliance of the revised framework. RBI has revised the guidelines relating Net Owned Fund requirements; Non-Systemically Important Non-Banking financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015; Systemically Important Non-Banking financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015; the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998; the Non-Banking Financial (Deposit Accepting or Holding) Prudential Norms (Reserve Bank) Directions, 2007 and the Non-Banking Financial Company – Factor (Reserve Bank) Directions, 2012.

DGFT:

The Central Government, has notified the Foreign Trade Policy, 2015-20, incorporating provisions relating to export and import of goods and services, shall come into force with effect from the date of notification and shall remain in force up to 31st March, 2020. Government with an objective to provide stable and sustainable policy environment for Foreign Trade in merchandise and services, to link incentives for export and import with other initiatives such as “Make in India”, Digital India, skills India, to create an export promotion mission for India.

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