The amendment revises the payment, remittance, and reporting framework governing investments by Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), […]
The amended provisions expand the scope of investment provisions previously applicable only to Non-Resident Indians (NRIs) and Overseas Citizens of
It inserted paragraph 7A providing that a director completing ten years of continuous tenure on the board of the same
It inserted paragraph 7A providing that a director completing ten years of continuous tenure on the board of the same
MEA has informed about the UNSC amendments on its ISIL & Al-Qaida Sanctions List of individuals and entities (Removal of Seven Entities), which
The amendments clarify the meaning of ‘Revenue Reserve’, stating that it includes all reserves other than capital reserves and excludes
The amendment substitutes the notes and instructions relating to ‘Revenue and Other Reserves’ under Schedule 2(IV), clarifying that ‘Revenue Reserve’
The amendment has deleted sub-paragraph 21(i)(b) of the Capital Adequacy Directions. This paragraph relates to the Investment Fluctuation Reserve (IFR), which was previously
Under the revised provision, RRBs must create Investment Fluctuation Reserve (IFR) from realized gains arising from the sale of investments,
Under the revised framework, every RCB must maintain an Investment Fluctuation Reserve (IFR) of at least 5% of its investment
