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Notification & Circulars


RBI's provisions of Sections 45-IA, 45-IB, and 45-IC to not apply to NBFCs

 Notification No#No. DOR.049/CGM(MM)–2020     18 November 2020

RESERVE BANK OF INDIA (Department of Regulation) NOTIFICATION Mumbai, the 18th November, 2020 No. DOR.049/CGM(MM)–2020. - In exercise of the power conferred by section 45-NC of the Reserve Bank of India Act, 1934, and in supersession of the earlier notification No. DOR. 047/CGM (M..


In exercise of the powers conferred by clause b of sub section 1 of Section 29A of National Housing Bank Act

 Notification No#No. DOR.048/ED(SS)–2020     18 November 2020

RESERVE BANK OF INDIA (Department of Regulation) NOTIFICATION Mumbai, the 18th November, 2020 No. DOR.048/ED(SS)–2020. - In exercise of the powers conferred by clause (b) of sub-section (1) of Section 29A of National Housing Bank Act, 1987 (53 of 1987), the Reserve Bank of..


The Lakshmi Vilas Bank Ltd. placed under Moratorium

 Notification No#2020-2021/645     17 November 2020

Reserve Bank of India Date : Nov 17, 2020 The Lakshmi Vilas Bank Ltd. placed under Moratorium The financial position of The Lakshmi Vilas Bank Ltd. (the bank) has undergone a steady decline with the bank incurring continuous losses over the last three years, eroding its net-worth. In a..


Supersession of the Board of Directors - Appointment of Administrator – The Lakshmi Vilas Bank Ltd

 Notification No#2020-2021/646     17 November 2020

Reserve Bank of India Date : Nov 17, 2020 Supersession of the Board of Directors – Appointment of Administrator – The Lakshmi Vilas Bank Ltd In exercise of the powers conferred under Sub-section (1) of Section 36 A C A of the Banking Regulation Act 1949, the Reserve Bank ha..


The Lakshmi Vilas Bank Ltd.: RBI announces Draft Scheme of Amalgamation

 Notification No#2020-2021/647     17 November 2020

Reserve Bank of India Date : Nov 17, 2020 The Lakshmi Vilas Bank Ltd.: RBI announces Draft Scheme of Amalgamation The Reserve Bank of India has today placed in public domain a draft scheme of amalgamation of The Lakshmi Vilas Bank Ltd. (LVB) with DBS Bank India Ltd. (DBIL), a..


Foreign Exchange Management Act, 1999 (FEMA)- Compounding of Contraventions under FEMA, 1999

 Notification No#RBI/2020-21/67 A.P. (DIR Series) Circular No. 06     17 November 2020

RBI/2020-21/67 A.P. (DIR Series) Circular No. 06 November 17, 2020 To All Category-I Authorised Dealer Banks Madam / Sir Foreign Exchange Management Act, 1999 (FEMA)- Compounding of Contraventions under FEMA, 1999 The attention of Authorized Dealer Category-I (AD Category-I) bank..


Maintenance of Escrow Account with a Scheduled Commercial Bank

 Notification No#RBI/2020-21/68 DPSS.CO.PD.No.660/02.14.008/2020-21     17 November 2020

Reserve Bank of India RBI/2020-21/68 DPSS.CO.PD.No.660/02.14.008/2020-21 November 17, 2020 All Scheduled Commercial Banks / Authorised Prepaid Payment Instrument Issuers / Payment Aggregators / Payment System Providers / System Participants Madam / Dear Sir, Maintenance of Escrow Ac..


IBBI (Liquidation Process) (Fourth Amendment) Regulations, 2020

 Notification No#IBBI/2020-21/GN/REG067     13 November 2020

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 13th day of November, 2020 Insolvency and Bankruptcy Board of India (Liquidation Process) (Fourth Amendment) Regulations, 2020. IBBI/2020-21/GN/REG067. - In exercise of the powers conferred by clause (t) of su..

Posted in LAW

IBBI (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2020

 Notification No#No. IBBI/2020-21/GN/REG066     13 November 2020

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 13th day of November, 2020 Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2020. No. IBBI/2020-21/GN/REG066. —In exercise of th..

Posted in LAW

Non-compliance with provisions related to continuous disclosures

 Notification No#SEBI/HO/DDHS/DDHS/CIR/P/2020/231     13 November 2020

Securities and Exchange Board of India CIRCULAR SEBI/HO/DDHS/DDHS/CIR/P/2020/231 November 13, 2020 To, All Recognized Stock Exchanges All Depositories All issuers of listed Non-Convertible Debt Securities and/or Non-Convertible Redeemable Preference Shares All Issuers of l..





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