CS UPDATE FEBRUARY 10, 2014

“I AM ENOUGH OF AN ARTIST TO DRAW FREELY UPON MY IMAGINATION. IMAGINATION IS MORE IMPORTANT THAN KNOWLEDGE. KNOWLEDGE IS LIMITED. IMAGINATION ENCIRCLES THE WORLD.”

-ALBERT EINSTEIN

RBI UPDATE

‘NON-BANKING FINANCIAL COMPANY-MICRO FINANCE INSTITUTIONS’ (NBFC-MFIS) – DIRECTIONS – MODIFICATIONS IN “PRICING OF CREDIT” (NOTIFICATION NO. RBI/2013-14/482 DNBS (PD) CC.NO.369/03.10.038/2013-14 DATED FEBRUARY 7, 2014)

INTEREST RATES ON FCNR(B) DEPOSITS (NOTIFICATION NO.RBI/2013-14/483 UBD.BPD.AD.CIR.NO. 7 /13.01.000/2013-14 DATED FEBRUARY 7, 2014)

DEREGULATION OF INTEREST RATES ON NON-RESIDENT (EXTERNAL) RUPEE (NRE) DEPOSITS (NOTIFICATION NO. RBI/2013-14/484 UBD.BPD.(PCB).CIR.NO. 47/13.01.000/2013-14 DATED FEBRUARY 7, 2014)

UTILISATION OF FLOATING PROVISIONS/COUNTER CYCLICAL PROVISIONING BUFFER (NOTIFICATION NO. RBI/2013-14/485 DBOD.NO.BP.95/21.04.048/2013-14  DATED FEBRUARY 7, 2014)

TAX UPDATE

DETERMINATION OF THE RATE OF EXCHANGE OF CONVERSION OF THE FOREIGN CURRENCY INTO INDIAN CURRENCY OR VICE VERSA SHALL, WITH EFFECT FROM 7^TH FEBRUARY, 2014 (NOTIFICATION NO.9/2014-CUSTOMS (N.T.) DATED THE 6^TH FEBRUARY, 2014)

SEBI UPDATE

TESTING OF SOFTWARE USED IN OR RELATED TO TRADING AND RISK MANAGEMENT (CIRCULAR NO. CIR/MRD/DP/ 06 /2014 DATED FEBRUARY 07, 2014)

LEGAL TERM OF THE DAY

“Indemnity”

The obligation or duty resting on one person to make good any loss or damage another has incurred while acting at his request or for his benefit.

SPECIFIC UPDATE

ARTICLES INVITED FOR CHARTERED SECRETARY – GUIDELINES FOR AUTHORS

ARTICLES INVITED FOR SPECIAL ISSUES OF CHARTERED SECRETARY

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