Tag Archives: 2012

Migration from Internet Protocol Version 4 to Version 6

By Nitesh Tiwari, Associate  In May, 2012 the Government of India unveiled the National Telecom Policy, 2012 (“NTP”). The objectives of under the NTP are inter alia, “to provide affordable and reliable broadband-on-demand by the year 2015 and to achieve … Continue reading

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SEBI Issues Procedural Norms for Stock Exchanges and Clearing Corporations

By Naren B.S, Associate The Securities and Exchange Board of India (“SEBI“) notified the Securities Contract (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 (“SECC Regulations“) on June 20, 2012 to regulate recognition, ownership and governance in stock exchanges and … Continue reading

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Standardization and Enhancement of Security Features in Cheque Forms-Migrating to CTS 2010 Standards Extended upto March 31, 2013

By Taralika Das, Associate The Reserve Bank of India (“RBI”) vide its circular DPSS.CO.CHD.No. 399/04.07.05/2012-13 dated September 3, 2012 had advised all banks to issue only multi-city/payable at par CTS-2010 standard cheques not later than September 30, 2012 and to … Continue reading

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RBI Issues Core Investment Companies – Overseas Investment (Reserve Bank) Directions, 2012

By Rudrajyoti N. Ray, Associate  Paragraph 2(b) of the Circular DNBS (PD) CC. No. 206/03.10.001/2010-11 dated January 5, 2011 defines a Core Investment Company (“CIC”) as “a non-banking financial company carrying on the business of acquisition of shares and securities and which satisfies … Continue reading

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Cabinet Approves Competition (Amendment) Bill, 2012

By Rohit Padhi, Associate The Union Cabinet has approved the proposal of the Ministry of Corporate Affairs (“MCA”) to further amend the Competition Act, 2002, with a view to fine tune it and to meet the present day needs in … Continue reading

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