Guidelines for Issuance of ODIs
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The document outlines SEBI guidelines for Overseas Derivative Instruments (ODIs) issued by Foreign Portfolio Investors (FPIs) with derivatives as the underlying asset. FPIs are no longer allowed to issue ODIs with derivatives as the underlying, except to hedge equity share positions held on a one-to-one basis. Existing non-hedging ODIs must be liquidated by their maturity date or December 31, 2020, whichever is earlier. For new ODIs with derivatives as the underlying, the FPI's Compliance Officer must certify that the derivatives position hedges equity shares held on a one-to-one basis. This certificate must be submitted
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The document provides an overview of key regulations and compliance requirements for corporates under FEMA including foreign direct investment, overseas direct investment, external commercial borrowings, liaison/branch/project offices, export/import of goods and services, and ESOPs issued by foreign companies. It discusses common issues that arise and regulatory guidelines. Non-compliance can result in penalties up to 3 times the amount involved or INR 2 lakhs if not quantifiable, and directors can be held liable if the contravention occurred with their consent or connivance.
Writeoff,Pledge,Transfer of Investment in Joint Venture/Wholly Owned Subsidia...
Writeoff,Pledge,Transfer of Investment in Joint Venture/Wholly Owned Subsidia...DVSResearchFoundatio
Key Takeaways:
Post investment activities
Write-off of capital and receivables
Transfer by way of sale of shares
Pledge of sharesIDFC Dynamic Equity Fund_One pager
The IDFC Dynamic Equity Fund is an open-ended dynamic asset allocation fund that adjusts its equity allocation monthly based on the trailing P/E ratio of the Nifty 50 index, ranging from 30-90% equity. It uses a model with predefined bands for equity allocation that moves allocation lower as P/E ratios rise. As of December 2020, the fund held 37.14% of its assets in equities with the rest in debt and money market instruments.
Fdi circular 2014
This document provides the consolidated FDI policy circular of the Government of India effective from April 17, 2014. It defines key terms related to foreign direct investment such as foreign institutional investor, foreign portfolio investor, foreign venture capital investor, and outlines the general conditions, entry routes, caps and sector-specific conditions for foreign investment in India. The document is intended to provide a transparent, predictable and easily comprehensible framework for foreign direct investment in India.
Similar to Guidelines for Issuance of ODIs (20)
UPDATE UNDER FOREIGN EXCHANGE MANAGEMENT ACT, 1999
UPDATE UNDER FOREIGN EXCHANGE MANAGEMENT ACT, 1999
IDFC Dynamic Equity Fund_Scheme information document
IDFC Dynamic Equity Fund_Scheme information document
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388703006-SBLC-ADVANCE-PERFORMANCE-GUARANTEE-APG-ppt.ppt
Valuation under Foreign Exchange Management Act, 2000
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FEMA Regulations for Incorporation of WOS/JV/ Step-down Subsidiary outside India
FEMA Regulations for Incorporation of WOS/JV/ Step-down Subsidiary outside India
Investments by FPIs in REITs, InvIts, AIFs and corporate bonds under default.
Investments by FPIs in REITs, InvIts, AIFs and corporate bonds under default.
Nangia Andersen HSBC Webinar on FEMA - Demystifying Business Challenges.pdf
Nangia Andersen HSBC Webinar on FEMA - Demystifying Business Challenges.pdf
Writeoff,Pledge,Transfer of Investment in Joint Venture/Wholly Owned Subsidia...
Writeoff,Pledge,Transfer of Investment in Joint Venture/Wholly Owned Subsidia...
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This document discusses force majeure and how it relates to the COVID-19 pandemic. It begins by defining force majeure as unexpected circumstances beyond a party's control that prevent contractual obligations from being met. It explains that force majeure clauses allow contracts to be varied or suspended in exceptional circumstances. It then analyzes whether COVID-19 qualifies as a force majeure event based on factors like being outside a party's control and involving government rules. The document notes that courts in India have ruled COVID-19 is a force majeure event. It also outlines what a party must prove to avoid liability by invoking a force majeure clause, such as showing reasonable steps were taken to mitigate. Finally, it
Budget 2019-20 highlights
The Union Budget 2019-20 focused on infrastructure development through programs like Bharatmala, Sagarmala, and Jal Marg Vikas. It aimed to increase foreign investment by further liberalizing FDI limits and easing sourcing norms. Major tax reforms included a reduced corporate tax rate for small and medium companies and increased deductions for affordable housing and electric vehicles. The budget also emphasized developing education through a new policy and national research foundation, as well as promoting tourism, healthcare, sports, and creative industries.
Evolution of Insolvency and Bankruptcy Code in India
The document provides an overview of the evolution of insolvency and bankruptcy laws in India. It discusses the rising NPAs that banks were facing, highlighting the need for reform. The existing framework involved multiple laws leading to long recovery times. The Bankruptcy Law Reforms Committee drafted the Insolvency and Bankruptcy Code 2016 to consolidate laws into a single framework. The Code aims to reduce resolution times, promote business revival and prevent unnecessary liquidations. It established new institutions like the IBBI and NCLT and defined new processes like corporate insolvency resolution and liquidation. Key cases are discussed that have helped shape interpretation of the Code.
Disclosure by listed entity on default
This circular from SEBI outlines disclosure requirements for listed entities that default on payment obligations such as loans, debt securities, commercial paper, etc. Entities must disclose defaults within 1 working day of the first instance of default. Quarterly disclosures are also required if any amounts remain outstanding or in default. Disclosures include details of the obligation, amount of default, total borrowings, and must be provided to rating agencies.
New FDI approval regime in India
The document summarizes the new process for foreign direct investment (FDI) applications in India after the abolition of the Foreign Investment Promotion Board (FIPB). Key points:
1) FDI applications will now be filed online through a new Foreign Investment Facilitation Portal. Within 2 days, the Department of Industrial Policy & Promotion (DIPP) will identify and transfer applications to the relevant Competent Authority for approval.
2) The Competent Authority for approval will be the administrative ministry or department relevant to the application. Applications may be referred to other ministries like Home Affairs, External Affairs, or the Department of Revenue for comments.
3) The Competent Authority has
Amendment under Audit & Auditors Rules, 2014
The document outlines new rules for classifying companies that must comply with auditor rotation requirements under Section 139(2) of the Companies Act of 2013. Companies must rotate auditors if they are: (a) unlisted public companies with over Rs. 10 crore in paid-up capital, (b) private companies with over Rs. 50 crore in paid-up capital, or (c) companies with lower paid-up capital but over Rs. 50 crores in public borrowings or deposits. The limit for private companies to require auditor rotation was increased from Rs. 20 crore to Rs. 50 crore in paid-up capital.
Sebi norms for non compliance with certain provisions of ICDR
This circular from SEBI outlines penalties for non-compliance with certain provisions of the ICDR Regulations regarding bonus issues, conversion of securities, and listing of shares. Listed entities that do not comply may be fined Rs. 20,000 per day until compliance, and an additional 0.01% of paid-up capital or Rs. 1 crore if non-compliance continues over 15 days. The circular provides clarification on determining implementation dates for bonus issues and approval processes. Any fines realized will be credited to an investor protection fund, and stock exchanges must publish details of non-compliant entities.
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सुप्रीम कोर्ट ने यह भी माना था कि मजिस्ट्रेट का यह कर्तव्य है कि वह सुनिश्चित करे कि अधिकारी पीएमएलए के तहत निर्धारित प्रक्रिया के साथ-साथ संवैधानिक सुरक्षा उपायों का भी उचित रूप से पालन करें।
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The Work Permit for Self-Employed Persons in Italy
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原版制作(PSU毕业证书)宾州州立大学公园分校毕业证学历证书一模一样
学校原件一模一样【微信：741003700 】《(PSU毕业证书)宾州州立大学公园分校毕业证学历证书》【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
【主营项目】
一.毕业证【q微741003700】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
Matthew Professional CV experienced Government Liaison
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一比一原版(Lincoln毕业证)新西兰林肯大学毕业证如何办理
Lincoln硕士毕业证成绩单【微信95270640】办理新西兰林肯大学毕业证原版一模一样、Lincoln毕业证制作【Q微信95270640】《新西兰林肯大学毕业证购买流程》《Lincoln成绩单制作》新西兰林肯大学毕业证书Lincoln毕业证文凭新西兰林肯大学
本科毕业证书,学历学位认证如何办理【留学国外学位学历认证、毕业证、成绩单、大学Offer、雅思托福代考、语言证书、学生卡、高仿教育部认证等一切高仿或者真实可查认证服务】代办国外（海外）英国、加拿大、美国、新西兰、澳大利亚、新西兰等国外各大学毕业证、文凭学历证书、成绩单、学历学位认证真实可查。
[留学文凭学历认证(留信认证使馆认证)新西兰林肯大学毕业证成绩单毕业证证书大学Offer请假条成绩单语言证书国际回国人员证明高仿教育部认证申请学校等一切高仿或者真实可查认证服务。
多年留学服务公司,拥有海外样板无数能完美1:1还原海外各国大学degreeDiplomaTranscripts等毕业材料。海外大学毕业材料都有哪些工艺呢？工艺难度主要由：烫金.钢印.底纹.水印.防伪光标.热敏防伪等等组成。而且我们每天都在更新海外文凭的样板以求所有同学都能享受到完美的品质服务。
国外毕业证学位证成绩单办理方法：
1客户提供办理新西兰林肯大学新西兰林肯大学毕业证学位证信息：姓名生日专业学位毕业时间等（如信息不确定可以咨询顾问：我们有专业老师帮你查询）；
2开始安排制作毕业证成绩单电子图；
3毕业证成绩单电子版做好以后发送给您确认；
4毕业证成绩单电子版您确认信息无误之后安排制作成品；
5成品做好拍照或者视频给您确认；
6快递给客户（国内顺丰国外DHLUPS等快读邮寄）
— — — — 我们是挂科和未毕业同学们的福音我们是实体公司精益求精的工艺！ — — — -
一真实留信认证的作用(私企外企荣誉的见证):
1：该专业认证可证明留学生真实留学身份同时对留学生所学专业等级给予评定。
2：国家专业人才认证中心颁发入库证书这个入网证书并且可以归档到地方。
3：凡是获得留信网入网的信息将会逐步更新到个人身份内将在公安部网内查询个人身份证信息后同步读取人才网入库信息。
4：个人职称评审加20分个人信誉贷款加10分。
5：在国家人才网主办的全国网络招聘大会中纳入资料供国家500强等高端企业选择人才。问山娃想买什么想吃什么山娃知道父亲赚钱很辛苦除了书籍和文具山娃啥也不要能牵着父亲的手满城闲逛他已心满意足了父亲连挑了三套童装叫山娃试穿山娃有点不想父亲说城里不比乡下要穿得漂漂亮亮爸怎么不穿得漂亮望着父亲山娃反问道父亲听了并不回答只是吃吃地笑山娃很精神越逛越起劲父亲却越逛越疲倦望着父亲呵欠连天的样子山娃也说困了累了回家吧小屋闷罐一般头顶上的三叶扇彻夜呜呜作响搅得满屋热气腾腾也搅得山娃心烦意乱父亲一的
在线办理(SU毕业证书)美国雪城大学毕业证成绩单一模一样
学校原件一模一样【微信：741003700 】《(SU毕业证书)美国雪城大学毕业证成绩单》【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
【主营项目】
一.毕业证【q微741003700】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
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The legal profession, which has historically been male-dominated, has experienced a significant increase in the number of women entering the field over the past few decades. Despite this progress, women lawyers continue to encounter various challenges as they strive for top positions.
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This guide aims to provide information on how lawyers will be able to use the opportunities provided by AI tools and how such tools could help the business processes of small firms. Its objective is to provide lawyers with some background to understand what they can and cannot realistically expect from these products. This guide aims to give a reference point for small law practices in the EU
against which they can evaluate those classes of AI applications that are probably the most relevant for them.
Lifting the Corporate Veil. Power Point Presentation
"Lifting the Corporate Veil" is a legal concept that refers to the judicial act of disregarding the separate legal personality of a corporation or limited liability company (LLC). Normally, a corporation is considered a legal entity separate from its shareholders or members, meaning that the personal assets of shareholders or members are protected from the liabilities of the corporation. However, there are certain situations where courts may decide to "pierce" or "lift" the corporate veil, holding shareholders or members personally liable for the debts or actions of the corporation.
Here are some common scenarios in which courts might lift the corporate veil:
Fraud or Illegality: If shareholders or members use the corporate structure to perpetrate fraud, evade legal obligations, or engage in illegal activities, courts may disregard the corporate entity and hold those individuals personally liable.
Undercapitalization: If a corporation is formed with insufficient capital to conduct its intended business and meet its foreseeable liabilities, and this lack of capitalization results in harm to creditors or other parties, courts may lift the corporate veil to hold shareholders or members liable.
Failure to Observe Corporate Formalities: Corporations and LLCs are required to observe certain formalities, such as holding regular meetings, maintaining separate financial records, and avoiding commingling of personal and corporate assets. If these formalities are not observed and the corporate structure is used as a mere façade, courts may disregard the corporate entity.
Alter Ego: If there is such a unity of interest and ownership between the corporation and its shareholders or members that the separate personalities of the corporation and the individuals no longer exist, courts may treat the corporation as the alter ego of its owners and hold them personally liable.
Group Enterprises: In some cases, where multiple corporations are closely related or form part of a single economic unit, courts may pierce the corporate veil to achieve equity, particularly if one corporation's actions harm creditors or other stakeholders and the corporate structure is being used to shield culpable parties from liability.
Sangyun Lee, 'Why Korea's Merger Control Occasionally Fails: A Public Choice ...
Presentation slides for a session held on June 4, 2024, at Kyoto University. This presentation is based on the presenter’s recent paper, coauthored with Hwang Lee, Professor, Korea University, with the same title, published in the Journal of Business Administration & Law, Volume 34, No. 2 (April 2024). The paper, written in Korean, is available at <https://shorturl.at/GCWcI>.
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USDA grants bolster rural communities, driving growth, sustainability, and prosperity through strategic development initiatives and financial support.
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Guidelines for Issuance of ODIs
- 1. Guidelines for issuance of ODIs, with derivative as underlying, by the ODI issuing FPIs CIR/IMD/FPI&C/76/2017 dated July 7, 2017 SEBI Circular
- 2. FPIs issuing ODIs are required to comply with these conditions for issuance of ODIs The ODI issuing FPIs shall not be allowed to issue ODIs with derivative as underlying, with the exception of those derivative positions that are taken by the ODI issuing FPI for hedging the equity shares held by it, on a one to one basis. In the case of the existing ODIs which have been issued by the ODI issuing FPIs with derivatives as underlying, where the said underlying derivatives position are not for purpose of hedging the equity shares held by it, the ODI issuing FPI has to liquidate such ODIs latest by the date of maturity of the ODI instrument or by December 31, 2020, whichever is earlier. However, ODI issuing FPIs should endeavor to liquidate such ODI instruments prior to said timeline. In the case of issuance of fresh ODIs with derivatives as underlying, Compliance Officer (or equivalent) of the ODI issuing FPI shall issue a certificate, certifying that the derivatives position, on which the ODI is being issued, is only for hedging the equity shares held by it, on a one to one basis. The said certificate shall be submitted along with the monthly ODI reports. It is clarified that the term “hedging of equity shares” means taking a one-to-one position in only those derivatives which have the same underlying as the equity share.
- 3. The content of this presentation is only for sharing knowledge and shall not be treated as a professional advice. The content is not guaranteed to be correct or up to date, please refer the respective circular/notification etc. issued by an appropriate authority & department. The author shall not be liable for any personal damage caused to the readers by unintentional omission of any facts or matter. Thank you For Corp Comm Legal www.corpcommlegal.com Bhumesh Verma Harssh Golchaa