Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
The RBI issued amendments to the Master Direction on Risk Management and Inter-Bank Dealings, applicable to Standalone Primary Dealers (SPDs) u/s 10(1) of FEMA, 1999. The amendments reflect provisions for SPDs and include updated reporting directions for OTC foreign exchange derivative contracts and foreign currency interest rate derivative contracts to the Trade Repository of Clearing Corporation of India Ltd. These amendments come into force immediately, superseding previous circulars. Authorised Persons, including Authorised Dealer Category-I banks and SPDs u/s 10(1) of FEMA, 1999, must comply with these directions issued u/s 45W of RBI Act, 1934 and sections 10(4) and 11(1) of FEMA, 1999, without prejudice to other legal requirements.
The RBI issued amendments to the Master Direction on Risk Management and Inter-Bank Dealings, applicable to Standalone Primary Dealers (SPDs) u/s 10(1) of FEMA, 1999. The amendments reflect provisions for SPDs and include updated reporting directions for OTC foreign exchange derivative contracts and foreign currency interest rate derivative contracts to the Trade Repository of Clearing Corporation of India Ltd. These amendments come into force immediately, superseding previous circulars. Authorised Persons, including Authorised Dealer Category-I banks and SPDs u/s 10(1) of FEMA, 1999, must comply with these directions issued u/s 45W of RBI Act, 1934 and sections 10(4) and 11(1) of FEMA, 1999, without prejudice to other legal requirements.
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