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Audit Trail Compliance in Accounting Software
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Analysis of the Decision of the Supreme Court in Safari Retreats
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Gifts and Loans — By and To Non-Resident Indians – II
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Legal Considerations for Start-Ups – Are you overlooking some?
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ATR & AQMM – Audit Reports of Auditors!
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भारत पहले – 75 Year of Independence
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President and CEO of The Institute of Internal Auditors
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June 2013

A. P. (DIR Series) Circular No. 100 dated 25th April, 2013

By Gaurang Gandhi, Chartered Accountant

Reading Time 1 mins

Overseas Direct Investments – Clarification

This circular clarifies that any overseas entity having equity participation directly/indirectly of Indian parties cannot offer financial products linked to Indian Rupee (e.g. non-deliverable trades involving foreign currency, rupee exchange rates, stock indices linked to Indian market, etc.) without obtaining specific approval of RBI since the Indian Rupee is currently not fully convertible and such products could have implications for the exchange rate management of the country.

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June 2013

A. P. (DIR Series) Circular No. 100 dated 25th April, 2013

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A. P. (DIR Series) Circular No. 99 dated 23rd April, 2013

Corrigendum dated 16th April, 2013 Consolidated FDI policy

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June 2013

A. P. (DIR Series) Circular No. 100 dated 25th April, 2013

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A. P. (DIR Series) Circular No. 99 dated 23rd April, 2013

Corrigendum dated 16th April, 2013 Consolidated FDI policy