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Power of AO to Grant Stay — Whether Discretionary or Controlled By the Instructions and Circulars
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Tax Implications in the Hands of Successor / Resulting Company
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Capital Gains Tax Implications in Singapore on Capital Reduction or Liquidation
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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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July 2011

A.P. (DIR Series) Circular No. 60, dated 16-5-2011 — Comprehensive Guidelines on Over-the-Counter (OTC) Foreign Exchange Derivatives and Hedging of Commodity Price and Freight Risks.

By Gaurang Gandhi, Chartered Accountant

Reading Time 1 mins

This Circular has changed the eligibility criteria for users of Over-the-Counter (OTC) cost reduction structures and option strategies.

Presently, listed companies or unlisted companies with a minimum net worth of Rs.100 crore, subject to certain conditions, are eligible to use OTC structures/strategies.

As per the new criteria, listed companies and their subsidiaries/JV/associates having common treasury and consolidated balance sheet or unlisted companies with a minimum net worth of Rs.200 crore, subject to certain conditions, are eligible to use OTC structures/strategies.

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July 2011

A.P. (DIR Series) Circular No. 60, dated 16-5-2011 — Comprehensive Guidelines on Over-the-Counter (OTC) Foreign Exchange Derivatives and Hedging of Commodity Price and Freight Risks.

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A.P. (DIR Series) Circular No. 58, dated 2-5-2011 — Opening of Escrow Accounts for FDI transactions.

A.P. (DIR Series) Circular No. 67, dated 20-5-2011 — Forward cover for Foreign Institutional Investors — Rebooking of cancelled contracts.

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July 2011

A.P. (DIR Series) Circular No. 60, dated 16-5-2011 — Comprehensive Guidelines on Over-the-Counter (OTC) Foreign Exchange Derivatives and Hedging of Commodity Price and Freight Risks.

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You May Also Like

A.P. (DIR Series) Circular No. 58, dated 2-5-2011 — Opening of Escrow Accounts for FDI transactions.

A.P. (DIR Series) Circular No. 67, dated 20-5-2011 — Forward cover for Foreign Institutional Investors — Rebooking of cancelled contracts.