Now SCORES platform takes up your complaint against listed companies
SEBI Complaints Redress System (SCORES) is an online platform where SEBI takes up complaints related to issue and transfer of securities and non-payment. When a response from a listed company/ intermediary registered with SEBI to a complaint is not satisfactory, the complainant may further approach SEBI using the SCORES platform to get his/her complaint redressed.…
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How NGOs get foreign funding under FCRA?
Foreign contributions are a major source of financial support for NGO activities in India. Foreign funds are flowing in through private foundations, foreign governmental agencies, and individuals for charitable causes either in the form of donations or as project funding support. The process of receiving these grants has been subjected to law ever since the…
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What is a positive pay cheque?
On Thursday (6th August), on the eve of the Statement on Developmental and Regulatory Measures, RBI Governor Mr.Shaktikant Das announced “To enhance safety of cheque payments, it has been decided to introduce a mechanism of Positive Pay for all cheques of value ₹50,000 and above. This will cover approximately 20 per cent and 80 per…
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MPC maintains repo rate on hold and makes several other important announcements
In the second bi-monthly monetary policy statement announced on Thursday (dated 06.08.2020), MPC decided to keep policy REPO rate under the liquidity adjustment facility (LAF) unchanged at 4.25 per cent. The MPC also decided to continue with the accommodative stance as long as it is necessary to revive growth, while ensuring that inflation remains within…
Read article Important measures announced in Statement on Developmental and Regulatory Measures dated August 6
In the second bi-monthly monetary policy statement announced on Thursday (dated 06.08.2020), The RBI Governor said that while he is outlining the following main measures, the Statement on Developmental and Regulatory Measures which addresses them in greater detail. 1. Additional Special Liquidity Facility (ASLF) Governor announced additional special liquidity facility of ₹10,000 crore will be…
Fifth tranches of Sovereign Gold Bonds is open for subscription
The fifth tranche of Sovereign Gold Bonds is open for subscription from today until the 7th of August, 2020. The issue price is Rs. 5,284 per gram including an Rs. 50 discount for online applications.These bonds are a substitute for holding physical gold. Each of those tranches will be kept open for a specified period…
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