Corporate Updates 11 April 2014


RBI makes amendment in the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000. A new definition of LLP has been added amendments have been made to Regulation 5 through which a person resident outside India or an entity incorporated outside not being FII or FVCI or QIB India shall be eligible to contribute foreign capital either by way of capital contribution or by way of acquisition/transfer of profit shares in the capital structure of an LLP under Foreign Direct Investment, subject to the terms and conditions as specified in Schedule 9. To download & view the notification, please Click Here.


Securities and Exchange Board of India (SEBI) has been issuing various circulars/directions from time to time. In order to enable the users to have an access to all the applicable circulars/directions at one place, Master Circular no. CIR/MRD/DP/11 /2014 for Depositories has been prepared. This Master Circular is a compilation of the circulars/communications issued by SEBI up to March 31, 2014 and shall come into force from the date of its issue and shall supersede previous Master Circular CIR/MRD/DP/13/2013 dated April 15, 2013.

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