Sovereign Gold Bond Scheme 2015

1. What is Sovereign Gold Bond (SGB)? Who is the issuer? SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf … Read more

FIIs/RFPIs can now invest up to 100 per cent under PIS in M/s Crompton Greaves Consumer Electricals Limited

The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of M/s Crompton Greaves Consumer Electricals Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that the company has passed resolutions at … Read more

Disclosure of the Impact of Audit Qualifications by the Listed Entities

  CIRCULAR CIR/CFD/CMD/56/2016                                                                                                                               May 27, 2016 To All Listed Entities All Recognized Stock Exchanges Dear Madam / Sir, Sub.: Disclosure of the Impact of Audit Qualifications by the Listed Entities 1. SEBI has put in place a mechanism to review the audit qualifications contained in the audit reports of the listed entities. The detailed procedure … Read more

Government has approved fifteen Foreign Direct Investment (FDI)

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 232nd meeting held on 7thMarch 2016, the Government has approved fifteen Foreign Direct Investment (FDI) proposals involving FDI of Rs. 7261.6 crore and recommended one proposal for approval of CCEA involving FDI of Rs. 6885 crore. The following fifteen (15) proposals have been … Read more

Issue Date of the Sovereign Gold Bonds, 2015-16 shifted to November 30, 2015

Large number of applications have been received by the banks and post offices for Sovereign Gold Bonds, 2015-16. To enable smooth uploading of applications into RBI’s E-kuber system, particularly by the post offices, it has since been decided to shift the issue date of the Sovereign Gold Bonds from November 26, 2015 to November 30, … Read more

Government has Approved Six Proposals of FDI

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 226th meeting held on 30th October 2015, the Government has approved six proposals of Foreign Direct Investment (FDI) amounting to Rs. 1810.25 crore.   The following six proposals have been approved:   No Item No Name of the applicant Gist of the proposal Sector FDI (Rs … Read more

Operational Guidelines of Sovereign Gold Bonds

Sovereign Gold Bonds, 2015-16 – Operational Guidelines This has reference to the GoI notification F.No.4(19)-W&M/2014 and RBI circular IDMD.CDD.No.939/14.04.050/2015-16 dated October 30, 2015 on the Sovereign Gold Bonds, 2015-16. FAQs in this regard have been placed on our website (www.rbi.org.in). Operational guidelines with regard to this scheme are given below: 1. Application Application forms from investors will be received … Read more

Gold Monetisation Scheme, 2015 – FAQ

1. Query: Are banks required to obtain RBI approval to participate in the Gold Monetisation Scheme, 2015? Response: No. However, banks should submit to RBI the implementation details including names of the CPTCs and refiners with whom they have entered into tripartite agreement and the branches operating the scheme. Banks should also report the amount of gold … Read more

PM will launch the three Gold related Schemes on 5th November 2015

The Prime Minister Shri Narendra Modi will launch the three Gold related Schemes i.e. Gold Monetisation Scheme (GMS), Gold Sovereign Bond Scheme and the Gold Coin and Bullion Scheme on Thursday, 5thNovember, 2015 in the national capital. The salient features of each of the aforesaid scheme are as follows: Gold Monetisation Scheme (GMS), 2015 The … Read more