Monthly Archives: June 2013

SEBI Increases Investment Limits for FIIs by USD 5 Billion

By Ushasi Das & Arindrajit Basu  SEBI, vide its circular dated June 12, 2013 increased the investment limit of foreign portfolio investors in government bonds by USD 5 billion to $30 billion in an attempt to attract more foreign capital … Continue reading

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RBI Sets Out Conditions for Scheduled UCBs to Undertake Repo Transactions in Corporate Bonds

By Ushasi Das, Associate The Reserve Bank of India, in its Second Quarter Review of Monetary Policy 2012-13, had announced the inclusion of scheduled urban cooperative banks (“UCBs”) with strong financials and sound risk management practices as eligible participants to … Continue reading

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Justice Badar Durrez Ahmed Appointed as Acting Chief Justice of the High Court of Delhi

By Ushasi Das, Associate In exercise of the powers conferred by Article 223 of the Constitution of India, the President has appointed Shri Justice Badar Durrez Ahmed, senior-most Judge of the High Court of Delhi, to perform the duties of … Continue reading

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FDI in Multi-Brand Retail: Clarifications Issued by Ministry of Commerce and Industry

By Ushasi Das, Associate The Ministry of Commerce and Industry has, on June 6, 2013, issued its clarifications (“Clarifications”) in relation to foreign direct investment in multi-brand retail (“MBR”) operations. One of the conditions for investment in MBR is that … Continue reading

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Banks To Audit/Re-Verify Title Deeds Periodically Till Loan Repayment, says RBI

By Ushasi Das, Associate  The Reserve Bank of India, vide its circular dated June 7, 2013 directed banks to ensure that title deeds and other documents in respect of all credit exposures of INR 5 crore and above are subjected to periodic … Continue reading

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