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Accounting and Auditing in India – The past, present and future
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A voluntary organisation established on 6th July 1949, BCAS has presently more than 9,000 members from all over the country. BCAS is a principle-centered and learning-oriented organisation promoting quality service and excellence in the profession of Chartered Accountancy.
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August 2015

A. P. (DIR Series) Circular No. 112 dated 25th June, 2015

By Gaurang Gandhi Chartered Accountant

Reading Time 1 mins

Overseas Foreign Currency Borrowings by Authorised Dealer Banks

This circular grants general permission banks to borrow from international/multilateral financial institutions (including International/Multilateral Financial Institutions of which Government of India is a shareholding member or which have been established by more than one government or have shareholding by more than one government and other international organisations) for general banking business. The borrowings are subject to applicable prudential conditions and cannot be used for capital augmentation purposes.

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August 2015

A. P. (DIR Series) Circular No. 112 dated 25th June, 2015

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August 2015

A. P. (DIR Series) Circular No. 112 dated 25th June, 2015

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SEBI’s jurisdiction over entities/transactions/GDRs outside India – Supreme court decides

Master Circulars dated 1st July, 2015