Capital Account Convertibility

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.
Sep 03, 2014 at 21:11 | Source:
Premier Capital Services in its meeting held on September 03, 2014, has Proposed appointment of M/s. Bipin Zavar & Associates, Chartered Accountants Mumbai as the Statutory Auditors of the Company in place of M/s. S. C. Maheshwari & Associates, the retiring Statutory Auditors, who have expressed their inability to continue.
Aug 28, 2014 at 17:40 | Source: PTI
Ceat has plans to invest around Rs 300 crore in the Bangladesh project, while some portion of the raised capital would also be put in the Halol plant, which is currently undergoing expansion.
Aug 28, 2014 at 12:34 | Source: CNBC-TV18
On account of strong custodial inflows, Ashutosh Khajuria of Federal Bank does not see rupee breaching 62/USD levels. If at all rupee hits levels of 62/USD, he expects RBI to intervene.
Aug 14, 2014 at 15:45 | Source:
Tirupati Industries India at its meeting held on August 14, 2014, has approved to constitute a committee comprising of any three Directors to consider further issue of capital through equity shares / convertible warrants on preferential basis to promoter group and/or potential investors.
Aug 12, 2014 at 16:25 | Source: PTI
SAIL, however, said as part of its modernisation and expansion plan/other capital schemes in RSP, the assets have been capitalised after installation, trial run, removal of all defects, issue of acceptance certificate and having become ready for commercial production during 2013-14.
Aug 09, 2014 at 10:08 | Source: PTI
The Sebi order against Bharatiya Global Infomedia, Rakesh Bhatia (Chairman and Managing Director), Sanjeev Kumar Mittal (Executive Director) and Rajeev Kumar Agarwal (Manager, Finance) would come into effect immediately. It will take into account the prohibition already undergone by them.
Aug 07, 2014 at 13:20 | Source:
SMIFS Capital Markets at its meeting held on August 06, 2014, has appointed Mr. Shreemanta Banerjee, Chartered Accountant, as Chief Financial Officer (CFO) of the Company with effect from August 13, 2014.
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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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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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

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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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