News Updates dated 22nd April, 2016

News Updates dated 22nd April, 2016

• The relaxation of additional fee waiver vide General Circular No.03/2016 dated 12th April 2016 has been implemented in MCA21 system w.e.f. 21st April 2016.

• 10 NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. For list click here.

• The Reserve Bank of India (RBI) has cancelled the certificate of registration of the three non-banking financial companies (NBFCs) viz. Shubh Leasing Private Limited, Global Securities Limited and Amitosa Leasing & Finance Private Limited in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.

• The Reserve Bank of India will shortly issue Rs.100 denomination banknotes with three additional/revised features in the Mahatma Gandhi Series-2005, with inset letter ‘L’ in both the numbering panels, bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing '2015' printed on the reverse of the banknote.

• The Reserve Bank of India today issued the Master Directions on Amalgamation of Private Sector Banks. The Master Directions issued today consolidates all relevant instructions issued by the Reserve Bank of India (RBI) so far on the subject and will be applicable to all private sector banks licensed to operate in India by the RBI and to the extent appropriate to the Non-Banking Financial Companies (NBFC) registered with the RBI and public sector banks.

• The Reserve Bank of India today issued the Master Directions on Issue and Pricing of shares by Private Sector Banks. The Master Directions issued today consolidates all relevant instructions issued by the Reserve Bank of India (RBI) so far on the subject and will be applicable to all private sector banks licensed to operate in India by the RBI.

• CBEC vide Notification No.14/2016-Customs (ADD) dated 21st April, 2016 seeks to impose definitive anti-dumping duty on Barium Carbonate originating in or exported from China PR for a period of five years.

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