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.

No. The bank or the PD is not permitted to build any other cost, such as funding cost, into the price. In other words, the bank or the PD cannot recover any other cost from the client other than accrued interest as indicated in Q21 and Q23 and commission(Q31)

Banks can offer loans below the PLR rates to exporters or other credit worthy borrowers including public enterprises in accordance with a transparent and objective policy approved by their respective Board of Directors.

No. The facility to create pledge, hypothecation or lien against Government securities is not available for those loans which, as per the specific Government Loan Notification, are non-transferable or not eligible for collateral to avail of loan facility.

The bonds are tradable from a date to be notified by RBI. (It may be noted that only bonds held in de-mat form with depositories can be traded in stock exchanges) The bonds can also be sold and transferred as per provisions of Government Securities Act, 2006. Partial transfer of bonds is also possible.

The company will have to make an application to the Reserve Bank of India in form ODI along with necessary documents under the Normal Route.

In the event of default, the banks may charge penal interest in the borrowal accounts. Penal rate represents additional interest charged over and above the normal interest rates charged to the borrowers. The penal interest should not be levied on adhoc limits since the limits are generally granted pending regular sanction of loans and the rate of interest thereon should be subject to the maximum spread over PLR. With effect from 10.10.2000, the bank’s boards have been empowered to take decision on whether or not penal interest that should be levied for reasons such as default in repayment, non-submission of financial statements, etc. The policy should be governed by well accepted principles of transparency, fairness, incentive to service the debt and due regard to genuine difficulties of customers.

उत्तर. अधिकृत डिलर गट 1 बँकेने जारी केलेल्या केवायसीची पूर्तता करणाऱ्या पुन्हा लोड करता येणाऱ्या सेमी-क्लोजड आणि ओपन सिस्टम पीपीआयचा एफईएमए अंतर्गत म्हणजे वस्तू व सेवांच्या खरेदीसाठी परवानगी प्राप्त करंट अकाउंट मधील व्यवहारांसाठी सीमारेषा पलीकडील बाह्य व्यवहारांसाठी उपयोग करता येईल. पीपीआय धारकाने स्पष्टपणे विनंती केल्यासच फक्त ही सुविधा कार्यान्वित करण्यात येईल.
व्यवहाराच्या मर्यादा:
प्रति व्यवहाराची मर्यादा यापेक्षा जास्त नसेल: रु.१०,०००/-.
दरमहा मर्यादा यापेक्षा जास्त नसेल: रु. ५०,०००/-
परवानगी असलेले व्यवहार:
परदेशी चलन व्यवस्थापन कायदा (एफईएमए) परवानगी प्राप्त करंट अकाउंट व्यवहार म्हणजे वस्तू व सेवांची खरेदी, जे सदर व्यवहारांसाठी असलेल्या सरकारच्या विद्यमान नियमांच्या अधीन आहे.
परवानगी नसलेले व्यवहार

1. कोणत्याही सीमारेषा पलिकडिल आऊटवर्ड (बाह्य) नीधि हस्तांतरण आणि/किंवा लिबरलाईज्ड रेमिटन्सेस योजनेअतर्गत रेमिटन्सेस (पैसे भरण्यासाठी)
2. ऑनलाइन मर्चंट खात्यात पैसे भरणे

The nominee/nominees to the bond may approach the respective Receiving Office with their claim. The claim of the nominee/nominees will be recognized in terms of the provision of the Government Securities Act, 2006 read with Chapter III of Government Securities Regulation, 2007. In the absence of nomination, claim of the executors or administrators of the deceased holder or claim of the holder of the succession certificate (issued under Part X of Indian Succession Act) may be submitted to the Receiving Offices/Depository. It may be noted that the above provisions are applicable in the case of a deceased minor investor also. The title of the bond in such cases too will pass to the person fulfilling the criteria laid down in Government Securities Act, 2006 and not necessarily to the Natural Guardian.

Pledge towards Government securities will be created/noted by RBI or its agent, as the case may be, maintaining the account in respect of such security, i.e., in case of SC, BLA & SGL for which the records and accounts are maintained by RBI, the pledge will be noted in the books of RBI while in case of BLAs issued by Agency Banks or securities held in a CSGL account, the pledge will be noted by the concerned Agency Bank or CSGL Account holder respectively.