Capital Account Convertibility

Jan 31, 2015 at 16:26 | Source: PTI
"Indian Overseas Bank has launched an issue of unsecured, non-convertible, additional Tier-I, basel III compliant perpetual bonds to the extent of Rs 1,000 crore, including an option of Rs 300 crore to augment additional Tier-I capital", the Chennai-based bank said in a statement.
Jan 29, 2015 at 12:31 | Source: Reuters
the Reserve Bank of India is keen to develop a wide range of derivatives products but with caution, like considering introducing bond futures in other maturities apart from 10-year maturity allowed now, said Reserve Bank of India deputy governor H R Khan.
Jan 28, 2015 at 14:49 | Source: PTI
We are very sure our capital adequacy rate will be maintained in the range of 11.25 to 11.50 per cent which is higher than the benchmark of 11 per cent mandated by our board and also RBI prescription, says SBH Managing Director Santanu Mukherjee.
Jan 27, 2015 at 20:46 | Source:
Capital Trust has informed that in accordance with the request received from Mr. Yogen Khosla, promoter of the Company, the Board of Directors of the Company at its meeting held on January 27, 2015, decided to issue 75,00,000 convertible warrants into equity shares of face value of Rs. 10 each.
Jan 23, 2015 at 22:14 | Source:
Kwality board meeting will be held on January 24, 2015, to convert the warrants into equity shares allotted to M/s. Pashupati Dairies Private Limited under Section 42 and 62 (1)(c) of the Companies Act, 2013 and Chapter VII of SEBI (Issue of Capital and Disclosure Regulations) 2009.
Jan 08, 2015 at 21:56 | Source:
SVP Global Ventures board meeting will be held on January 20, 2015, to consider the Restructuring / Increase in Authorised Share Capital of the Company. Issuance of Bonus Equity Shares by capitalization of Free Reserves / Securities Premium Account and issue of Cumulative Non-Convertible Redeemable Preference Shares.
Jan 06, 2015 at 10:21 | Source:
Tranche II issue opened for subscription on January 1, 2015 and is scheduled to close on February 4, 2015 with an option for early closure or extension by such period, as may be decided by the board of directors of the company or the board committee subject to necessary approval.
Dec 26, 2014 at 16:50 | Source:
Oricon Enterprises has board meeting will be held on December 30, 2014, to allot Equity Shares of the Company on account of Conversion of 10% Compulsorily Convertible Preference Shares in terms of Scheme of Merger approved by Honable High Court of Judicature, Bombay vide its order dated August 27, 2010.
Dec 04, 2014 at 14:53 | Source: Reuters
M Shankar Narayanan will join Wayne Wen-Tsui Tsou in over-seeing investments from the USD 1 billion Carlyle Asia Growth Partners IV fund, which accounts for the bulk of the private equity firm's growth capital investments in the region.
Dec 02, 2014 at 23:05 | Source:
Filmcity Media's board meeting will be held on December 11, 2014, to consider the to discuss and approve issue of Equity Shares / warrants convertible into Equity Shares of the Company to one or more persons on preferential basis as per applicable SEBI regulations in order to meet its long term working capital requirement.
Messages on Capital Account Convertibility »


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Indian indices  

committee on capital account convertibility had to say in 1997 about the pre-conditions that must be met before abolishing capital controls : a gross fiscal deficit of 3.5 percent (by 1999-00), and an inflation rate of 3-5 percent for an average of at least three years, among other things. These targets

5.15 PM Sep 5th 2013


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Tax Planning & Help  

Dear navin, RBI has voluminous regulations covering this subject matter (Capital Account Convertibility), and the best person to handle this is a practising Chartered Account, pls be guided by this professional`s advice alone. Regards

6.47 PM Dec 17th 2012

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News Now  

Source:Bloomberg - China will make Qianhai, part of the Shenzhen economic zone, a test ground for freer yuan usage and capital account convertibility, the National Development and Reform Commission said today.

2.06 PM Jun 29th 2012

avin 57

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failed to appreciate that even for transactions outside the securities market, partial capital account convertibility complicates foreign exchange risks. Anti-money laundering initiatives such as KYC and the Basel Committee demands have required Banks to gear up their risk assessment. The above "no

10.15 AM Jun 23rd 2012

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Bank of India  

Source:The Hindu BusinessLine - New Delhi, April 15: The Reserve Bank of India Governor, Dr D. Subbarao, has said that India will “gradually” move towards capital account convertibility only after preconditions like fiscal consolidation are met.“There is no evidence (the world over) that capital

1.02 PM Apr 16th 2012

News across the web »
Jan 11, 2014 at 16:52 | Source: The Hindu BusinessLine
Nov 16, 2013 at 05:22 | Source: Economic Times