NBFCs & Forex Laws Recent – Practising Company Secretary

Date	Update
04-April-2014	RBI ban on new NBFCs triggers licence trading
20-February-2014	Foreign Direct Investment (FDI) into a SSI/MSE and in Industrial Undertaking manufacturing items reserved for SSI/MSE allowed to the extent of 24% of its paid-up capital.
23-January-2014	Review of Guidelines on Restructuring of Advances by NBFCs as indicated in the Second Quarter Review of Monetary Policy 2013-14
16-January-2014	Conversion of External Commercial Borrowing and Lumpsum Fee/Royalty into Equity
15-January-2014	Clarification- Establishment of Liaison Office/ Branch Office/ Project Office in India by Foreign Entities- General Permission
09-January-2014	Foreign Direct Investment- Pricing Guidelines for FDI instruments with optionality clauses
14-July-2013	Revised Guidelines for calculation of total foreign investment in Indian companies, transfer of ownership and control of Indian companies and downstream investment by Indian companies
31-March-2011	Consolidated FDI Policy
21-Aug-2010	ECB Policy liberalisation for hotels, hospitals and software industry
17-May-2010	Private infrastructe company, NBFC bonds on cards
17-May-2010	Gold shines brighter for small-ticket loan takers
24-April-2010	Draft guidelines for core investment companies issued
21-April-2010	New regulatory norms for core investment firms to improve monitoring
17-March-2010	RBI’s push for infrastructure financing
17-March-2010	RBase rate system may drive firms to commercial paper
11-February-2010	RBI Liberalizes ECB Norms
11-February-2010	Cabinet to take up FDI policy loopholes today
9-February-2010	NBFCs plan second round of retail bond issues
28-December-2009	India releases consolidated FDI policy draft (Draft Press Note: FDI Regulatory Framework)
15-December-2009	RBI plans new rule for fund raising by holding companies
15-December-2009	RBI sets cap on ECB rates, shuts FCCB buyback door (Text of Notification dated December 9, 2009 amending ECB policy)
15-December-2009	RBI plans new rule for fund raising by holding companies
10-December-2009	ECB breaches found rampant
8-December-2009	NBFCs on revival path
16-November-2009	Affordable housing takes wing as micro-finance cos step in
23-July-2009	Debt funds from VCs for infrastructure financing
14-July-2009	Microfinance’s institutions plans to raise 1K crore through debt
14-July-2009	Microfinance’s small-town success attracts venture investors
19-May-2009	New Govt. may make changes in FII calculation norms
11-May-2009	Press Notes 2,3 and 4 to be overhauled
4-May-2009	NBFCs can repossess assets from defaulted borrowers
1-May-2009	5% tax on foreign income of all NRIs
20-Apr-2009	New FDi norms faces scrutiny
17-Apr-2009	FDI through single brand retail: Nokia, HCL arm in retail joint venture
Before 25-Mar-2009	News clipping on Chola DBS Rs. 750 crore to correct asset-liability mismatch
	News clipping on Press Notes fail to clear air over new FDI norms (Text of Press note on calculation of foreign investment)
	News clipping on New investment norms throw FDI gates open (Text of Press note on Control of Indian companies by non residents)

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