Preferential issue in primary market
Tackling Stress and NPAs: RBI, the Central Bank of India, has been taking a number of steps to tackle this ever-burgeoning figure. The message through the direction of RBI has been very clear, “Default in servicing of loan cannot be ignored”. The problem has to be tackled when the account shows the first sign of stress and that too within a strict time frame. Taking default for granted is now a thing of past. Through February 12, 2018[vi] framework issue by RBI for resolution of stressed assets, RBI has put in place a strict timeline over which a resolution plan must be implemented, failing which stressed accounts must be referred to IBC. Banks have to initiate action immediately when the stressed account is on default, classify these accounts as special mention accounts (SMAs) depending on the period of default, report them to the RBI’s large credit database (CRILC) and begin resolution. Banks to report all SMAs with an aggregate exposure of at least ₹ 5 … [Read more...] about Towards Loan Market Structure: More Liquidity & Relief From Stressed Assets For Banks?
He had also said that the Delhi government took this policy decision as the huge influx of patients was putting a lot of strain on its infrastructure and staff, and it was also leading to manhandling of doctors by patients or their attendants. … [Read more...] about HC Quashes Delhi Govt Circular On Giving Preferential Treatment To City Residents At GTB Hospital
In addition to its regulatory functions, SEBI has been quite successful in detecting and disposing of instances of non-compliance or infractions. However, over time SEBI has also realized the fact that its regulations with regard to disclosures required to be made in primary market is much more efficient than those of the secondary market. Thus, now SEBI is considering the proposal of Integrated Disclosures, wherein the disclosures made for the purposes of primary market will also be readily available to the investors in the secondary market. It will also reduce the unnecessary cost arising out of duplication of same information in the two markets. The ‘Integrated Disclosures’ came into the limelight back in 2008 with the release of the Report of Sub-Committee on Integrated Disclosures submitted by the SEBI Committee on Disclosures and Accounting headed by Y.H. Malegam. However, there have been no developments on the same and it seems that the condition of secondary market … [Read more...] about Valuation of Shares and the Importance of Disclosures in the Indian Securities Market
. These terms are defined to mean a "qualified institutional buyer," as defined in Rule 144A(a)(1) under the Securities Act of 1933 (Securities Act), or an international organization excluded from the definition of "U.S. person" in Rule 902(k)(2)(vi) of Regulation S under the Securities Act that has prior experience with traded options in the U.S. options market (and therefore would have received the disclosure document for U.S. standardized options called for by Rule 9b-1 under the Exchange Act). … [Read more...] about SEC Provides Relief for Familiarization Activities of Foreign Options Markets