ArticleThe Show Must Go On!Two years on after the collapse of Lehman brothers that announced the recession, there are early indications of buoyancy and confidence staging a comeback. IndiaFinance and BankingALMT Legal
ArticleGovernment Banking - Issue Of Letters Of Credit And Bank GuaranteeThe Reserve Bank of India ("RBI"), has issued notification dated August 03, 2017, pursuant to which it has decided that it will continue not to issue letter of credits ("LC") on behalf of government...IndiaFinance and BankingClyde & Co
ArticleRestriction On Indian Companies To Refinance/ Repay The Existing Rupee LoanIn terms of the extant External Commercial Borrowings Policy eligible Indian companies were permitted to refinance / repay the Rupee loans by raising ECB from recognised lenders.IndiaCorporate/Commercial LawS&A Law Offices
ArticleMore Options To Give Security To Overseas Lenders For External Commercial BorrowingsBy a circular dated 1 January 2015, the Reserve Bank of India has permitted Authorised Dealer Category-I banks to allow the creation of (i) charges on immovable and movable assets, (ii) charges over financial securities and (iii) issue of corporate or personal guarantees in favour of overseas lenders to secure External Commercial Borrowings (ECB) raised by borrowers.IndiaFinance and BankingSolomon & Co. Advocates & Solicitors
ArticleCharges Levied By Market Infrastructure InstitutionsThe Securities and Exchange Board of India ("SEBI"), vide its circular dated July 1, 2024, has directed the Market Infrastructure Institutions ("MIIs")...IndiaFinance and BankingJSA Advocates & Solicitors
ArticleIncrease In Limit Of Fii Investment In Debt SecuritiesThe Securities and Exchange Board of India ("SEBI") has by its Circular dated 5<SUP>th</SUP> April 2006 increased the limits of cumulative debt investment from US$ 1.75 billion to US$ 2 billion for Foreign Institutional Investor ("FII")/ Sub Account investments in Government Securities and from US$ 0.50 billion to U$ 1.50 billion for FII/ Sub Account investments in Corporate DebtIndiaCorporate/Commercial LawMulla & Mulla & Craigie Blunt & Caroe
ArticleLiberalization Of Overseas Direct InvestmentPresently, an Indian company is permitted to undertake direct investment in all its Joint Ventures (JV) and/ or Wholly Owned Subsidiaries (WOS) abroad engaged in bona fide business activities, provided that the total financial commitment / overseas investment of the Indian company in such JV or WOS does not exceed 300% of its net worth, by virtue of the provisions of the Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004 ("Regulations").IndiaCorporate/Commercial LawMulla & Mulla & Craigie Blunt & Caroe
ArticleLiberalization Of Portfolio InvestmentAs per the Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004 (Regulations), presently, listed Indian companies are permitted to invest upto 35 per cent of their net worth as on the date of their last audited balance sheet, in the shares of overseas companies listed on a recognized stock exchange and having a shareholding of atleast 10 per cent in any domestic listed company as also in rated bonds and fixed income securities issued by the overseas company.IndiaCorporate/Commercial LawMulla & Mulla & Craigie Blunt & Caroe
ArticleEnhancement Of Ceiling For Overseas Investments By Mutual FundsWith a view to provide enhanced opportunities to invest overseas, the Reserve Bank of India ("RBI"), had on 16<SUP>th</SUP> November 2006, increased the ceiling on investments by Mutual Funds registered with the Securities and Exchange Board of India ("SEBI"), pursuant to which the aggregate ceiling for overseas investments by SEBI registered Mutual Funds was enhanced from the then existing limit of USD 2 billion to USD 3 billionIndiaFinance and BankingMulla & Mulla & Craigie Blunt & Caroe
ArticleIncrease In Limit Of Investment In ADRS/GDRS/Foreign Securities And Overseas Etfs By Mutual FundsEarlier, the Securities and Exchange Board of India (SEBI) had raised the aggregate ceiling for investment by mutual funds in American Depository Receipts (ADRs)/ Global Depository Receipts (GDRs) issued by Indian corporates, equity of overseas companies listed on recognised stock exchanges overseas and rated debt securities from US$ 1 billion to US$ 2 billion.IndiaFinance and BankingMulla & Mulla & Craigie Blunt & Caroe
ArticleOverseas Investment By Venture Capital FundsThe Reserve Bank of India ("RBI") has, vide its circular dated 30<SUP>th</SUP> April 2007, and in consultation with the Securities and Exchange Board of India ("SEBI"), decided to permit investment by Indian Venture Capital Funds (VCFs), registered with SEBI, in equity and equity-linked instruments of off-shore venture capital undertakings. IndiaFinance and BankingMulla & Mulla & Craigie Blunt & Caroe
ArticlePre- Ipo Sale To Foreign Institutional Investors100% Foreign Direct Investment (FDI) under the automatic route is permitted in townships, housing, built-up infrastructure and construction-development projects to create employment opportunities, generate economic activity and supplement available housing stock and built-up infrastructure, circumscribed by certain limitations in respect of the minimum area required to be developed in the case of serviced housing plots and construction development projects and capitalization for FDI by wholly owIndiaFinance and BankingMulla & Mulla & Craigie Blunt & Caroe
ArticleRaise In The Stake Of Overseas InvestmentThe Reserve Bank India (“RBI”) had vide its circular dated July 26, 2006, liberalized overseas investments by mutual funds registered with Securities Exchange Board of India (“SEBI”) and enhanced the aggregate ceiling from USD 1 Billion to USD 2 Billion.IndiaFinance and BankingMulla & Mulla & Craigie Blunt & Caroe
ArticleUpdate: Effective 1st April 2022, Surcharge @1% On Sale, Gift And Usufructuary Mortgage In Brihan Mumbai Municipal Corporation AreasVide Mumbai Municipal Corporation (Second Amendment) Act, 2018, the Maharashtra Government levied 1% (one percent) surcharge on instruments of sale, gift and usufructuary mortgage in addition...IndiaFinance and BankingAgama Law Associates
ArticleFinancier Not Liable In Case Of Failure On Part Of Owner Of The Vehicle To Insure The VehicleThe Court said that the intention of the legislature is clear that a registered owner of a vehicle should not be held liable if the vehicle is not in his possession and control.IndiaFinance and BankingS&A Law Offices
ArticleForeign Investment Permitted In Infrastructure Companies In The Securities MarketIn a recent move, the Government of India has decided to adopt a new policy in respect of foreign investments in infrastructure companies in the securities market.IndiaFinance and BankingMulla & Mulla & Craigie Blunt & Caroe
ArticleReserve Bank Of India Vide Notification Dated July 02, 2025, Has Issued Reserve Bank Of India (Pre-payment Charges On Loans) Directions, 2025Reserve Bank of India vide notification dated July 02, 2025, has issued Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025.IndiaFinance and BankingLex Favios
ArticleEnhanced Foreign Direct Investment For Up-Linking TV ChannelsAt present, Foreign Direct Investment (FDI) up to 49% is permitted in an Indian Joint Venture Company for setting up hardware, Up-linking HUB or Teleports and complying with guidelines of GOI and Ministry of Information and Broadcasting for Up-linking and broadcasting. IndiaGovernment, Public SectorMulla & Mulla & Craigie Blunt & Caroe
ArticleForeign Investments In DebenturesIn order to regulate debt flows into India, the Reserve Bank of India ("RBI") had vide its Notification dated 3rd May 2000 regulated the prohibition, restriction of the transfer or issue security by a person resident outside India.IndiaGovernment, Public SectorMulla & Mulla & Craigie Blunt & Caroe
ArticleGovt. Tells Bankers To Check NPA Frauds Or Be Held GuiltyThe Indian banking sector is being faced by the challenges posed by the non-performing assets which are the loans or advances for which the payment remains outstanding. IndiaInsolvency/Bankruptcy/Re-StructuringS.S. Rana & Co.