The RBI annually publishes the applicable guidelines for FFMC in the form of a master circular called the Memorandum of Instruction on Money Changing Activities. What are the Types of Money Changers? The different types of authorized money changers or dealers are the businesses granted Full ...
The following article examines the implications of Paragraph 26(a)1of the Master Direction – Core Investment Companies (Reserve Bank) Directions, 2016 (“CIC Master Directions”), but before delving into the specifics, it may be worthwhile to discuss in brief the concepts of AIF and CIC. Wha...
In a recently released draft circular, RBI has proposed new rules of dividend payout for domestic and overseas banks operating in India. The proposed rules will be effective from fiscal year 2024-25 onwards. RBI has invited public feedback on the proposed rules by 31 January, 2024. The draft...
The Grand Master of the Order of the Legion of Honour is the President of the French Republic. On behalf of the President of the French Republic, H.E. Mr. Thierry Mathou, Ambassador of France to India, presented the award to Roshni Nadar Malhotra in Delhi. HCLTech is an IT services co...