SEBI:
SEBI has released Frequently Asked Questions on SEBI (Delisting Of Equity Shares) Regulations, 2009. These FAQs offer only a simplistic explanation/clarification of terms/concepts related to the SEBI (Delisting of Equity Shares) Regulations, 2009 [“Delisting Regulations, 2009”]. It is further stated that any such explanation/clarification that is provided herein should not be regarded as an interpretation of law nor be treated as a binding opinion/guidance from the Securities and Exchange Board of India [“SEBI”]. For full particulars of laws governing the delisting of equity shares, please refer to actual text of the Acts/Regulations/Circulars appearing under the Legal Framework Section on the SEBI website.
RBI:
RBI has relaxed the conditions of facilities for residents for hedging of foreign currency borrowings. Under the existing guidelines, residents having a long term foreign currency liability in terms of FEMA (Borrowing or Lending in Foreign Exchange) Regulations, 2000, are permitted to hedge exchange rate and/or interest rate risk exposure thereof by undertaking a foreign currency-INR swap to move from a foreign currency liability to a rupee liability with an AD Cat-I bank subject to the operational guidelines. With a view to facilitating hedging of long term foreign currency borrowings by residents, it has been decided to permit them to enter in to FCY-INR swaps with Multilateral or International Financial Institutions (MFI/IFI) in which Government of India is a shareholding member subject to the fulfillment of prescribed terms and conditions.
News from NIRC of ICSI
1. NIRC of ICSI is organising an Impact Seminar on the topic "INBOUND INVESTMENT – POLICIES, OPPORTUNITIES & CHALLENGES” on Saturday, the 7th November, 2015 from 9.30 AM onwards at Hotel Eros Continental (Royal Ball Room), Nehru Place, New Delhi-110019. Free for Corporate Members of NIRC; for other Rs. Rs.1750/-; PCH – 4.
2. NIRC of ICSI is organising a Special Session on “Speedy Incorporation & Flawless E-Filing” By CS D. Bandopadhyay, Registrar of Companies, NCT of Delhi and Haryana, on Saturday, the 7th November, 2015 from 3.15 PM onwards at Hotel Eros Continental (Royal Ball Room), Nehru Place, New Delhi-110019. Free for Members of NIRC; PCH – 2.
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