Capital Account Convertibility

Oct 30, 2014 at 18:45 | Source: PTI
The capital account deficit expanded to USD 81.6 billion (502 billion yuan) compared with USD 16.2 billion in the April-June period.
Oct 28, 2014 at 20:58 | Source: PTI
The decision follows passage of a special resolution at board of directors and shareholders to enhance the limit for the purchase of its equity shares and convertible debentures by FIIs.
Oct 18, 2014 at 09:18 | Source:
By: Ashish Gupta, Walker Chandiok & Co
Oct 12, 2014 at 13:02 | Source: PTI
Fund raising by listed companies through preferential allotments to investors plunged to a four year low of Rs 15,997 crore in April-August period, latest data available with the market regulator showed.
Oct 08, 2014 at 13:16 | Source:
Gulshan Polyols Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 09, 2014, for allotment of Equity shares and Convertible Warrants pursuant to Preferential Issue as per Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirement) Regulation, 2009.
Sep 30, 2014 at 17:38 | Source:
Existing FCNR or NRE accounts can be converted to RFC account as per the discretion of the account holder.
Sep 29, 2014 at 08:52 | Source: PTI
Market analysts maintain that overseas investors (Foreign Institutional Investors, sub accounts or foreign portfolio investors) have been betting on the Indian market mainly on account of the reforms agenda of the new government at the Centre.
Sep 17, 2014 at 14:54 | Source:
Finolex Cables Ltd has informed BSE that at the AGM held on September 09, 2014 the members have, approved the Annual Accounts for the Financial Year ended March 31, 2014 as also the appointment of Independent Directors and the payment of dividend at 80% on the paid up Equity Share Capital of the Company.
Sep 16, 2014 at 11:02 | Source: PTI
State-owned banks to account for 85 per cent of the capital requirement. As per the estimates, public sector banks require Rs 2.40 lakh crore equity capital by March 2019.
Sep 16, 2014 at 11:01 | Source:
Venus Remedies stretched liquidity is on account of the significant increase in total cost of the large debt-funded capital expenditure over the past one year and high working capital requirements. The company is undertaking capex towards setting up marketing office.
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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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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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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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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

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Jan 11, 2014 at 16:52 | Source: The Hindu BusinessLine
Nov 16, 2013 at 05:22 | Source: Economic Times
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