RBI issued directions on deposit by issue of commercial paper
The Reserve bank of India through its notification dated 16th August, 2019 has issued directions relating to accepting of deposit by issue of commercial paper. Regulation 6 speaks about acceptance of deposits by person other than authorised dealers /authorised bank. Sub regulation 3 of Regulation 6 specifies in what terms companies may accept deposit through […]
Compulsory Licencing norms for Manufacturers withdrawn
The Department for Promotion of Industry and Internal Trade (DPIIT) through its press note dated 11 September, 2019 has withdrawn the Press Note No. 17 (1984) series regarding Environmental clearance of Industrial Licence-Conditions of Letter of Intent/ Industrial Licence, related to pre-1991 period. The government has clarified that no licence would be required for the […]
