There is no change in the settlement current settlement procedure. The trades concluded by GAH on the NDS-OM Web Module will flow directly in an STP manner to CCIL for settlement. The Primary Member will continue to be responsible for the settlement of such trades as well as maintenance of adequate margins with CCIL in respect of such trades.

Yes.  RBI or its agent may permit grant of information or inspection of document relating to Government security on being satisfied that the security in question has stood in the name of the applicant or of a person in whom the applicant has a representative/bonafide interest.

All regulated financial services entities of the Promoters/Promoter Group in which the Promoters/Promoter Group has ‘significant influence’ or ‘control’ (as defined in Accounting Standard 23) have to be held by a NOFHC. Regarding financial groups setting up banks, the existing NBFC must transfer all regulated financial services business to a new company and shares in that new company must be held by the NOFHC. Conversion of the NBFC into a non operating holding company would enable meeting the requirement of para 2(C)(iii) of the guidelines provided the listed non operating holding company meets the requirement of para(C)(ii)(b) of the guidelines i.e. the public hold not less than 51 percent voting equity shares in the company.

Yes, nomination facility is available as per the provisions of the Government Securities Act 2006 and Government Securities Regulations, 2007. A nomination form is available along with Application form. An individual Non - resident Indian may get the security transferred in his name on account of his being a nominee of a deceased investor provided that:

1. the Non-Resident investor shall need to hold the security till early redemption or till maturity; and

2. the interest and maturity proceeds of the investment shall not be repatriable.

No. Residuary Non-Banking Company cannot forfeit any amount deposited by the depositor, or any interest, premium, bonus or other advantage accrued thereon.

Ans. In case of any change in the OVDs such as change in demographic information or address or other documents submitted by a customer at the time of establishing account-based relationship, the customer shall submit the updated OVD/ other documents to the RE within 30 days of the update/ change/ modification in the documents for the purpose of updating the records at RE’s end. In such case, the RE shall acknowledge the receipt of the KYC documents to the customer.

ಉತ್ತರ. ಸಹ-ಬ್ರ್ಯಾಂಡಿಂಗ್ ಪಾಲುದಾರರು ಭಾರತದಲ್ಲಿ ಸಂಯೋಜಿಸಲ್ಪಟ್ಟ ಹಾಗೂ ಕಂಪನೀಸ್ ಆ್ಯಕ್ಟ್,1956/ಕಂಪನೀಸ್ ಆ್ಯಕ್ಟ್,2013 ಅಡಿಯಲ್ಲಿ ನೋಂದಾಯಿತ ಕಂಪನಿಯಾಗಿರಬೇಕು. ಸಹ-ಬ್ರ್ಯಾಂಡಿಂಗ್ ಪಾಲುದಾರರು ಬ್ಯಾಂಕ್ ಆಗಿದ್ದ ಸಂದರ್ಭದಲ್ಲಿ, ಅದಕ್ಕಾಗಿ ಆರ್ಬಿಐನಿಂದ ಪರವಾನಗಿ ಪಡೆದ ಬ್ಯಾಂಕ್ ಆಗಿರಬೇಕು. ಬ್ಯಾಂಕ್ ಹಾಗೂ ಬ್ಯಾಂಕೇತರ ಘಟಕದ ನಡುವೆ ಸಹ-ಬ್ರ್ಯಾಂಡಿಂಗ್ ವ್ಯವಸ್ಥೆಯ ಸಂದರ್ಭದಲ್ಲಿ, ಬ್ಯಾಂಕ್ ಪಿಪಿಐ ನೀಡಿಕೆದಾರರಾಗಿರಬೇಕು. ಎರಡೂ ಘಟಕಗಳು ಬ್ಯಾಂಕೇತರರಾಗಿದ್ದರೆ, ಮುಂಗಡವಾಗಿ, ತಮ್ಮ ನಡುವೆ ನೀಡಿಕೆದಾರರ ಪಾತ್ರವಹಿಸಲು ,ಅವುಗಳಲ್ಲಿ ಒಂದನ್ನು ಮೊದಲೇ ನಿಯೋಜಿಸಲಾಗುತ್ತದೆ.

An applicant company satisfying the above norms may make such investment on an automatic basis and subsequently report the same in form ODG to the Reserve Bank.

Ans. Under the PSS Act, 2007, operating a payment system without authorization, failure to comply with the terms of authorization, failure to produce statements, returns information or documents or providing false statement or information, disclosing prohibited information, non-compliance of directions of Reserve Bank violations of any of the provisions of the Act, Regulations, order, directions etc., are offences punishable for which Reserve Bank can initiate criminal prosecution. Reserve Bank is also empowered to impose fine for certain contraventions under the Act. (Sections 26 and 30 of the PSS Act, 2007).

This facility is available for making remittance/s for any permissible current or capital account transaction or a combination of both. It is not available for purposes specifically prohibited (Schedule I) or regulated by the Government of India (Schedule II) of Foreign Exchange Management (Current Account Transactions) Rules, 2000.