“angel investor” meansan investor including a Venture Capital Scheme or Restricted Scheme set up in an IFSCandsimilar regulated scheme or fund set up in India or foreign jurisdiction, andinvests...
FINANCIAL
The Reserve Bank of India and the Bank of England shall consult together at agreed intervals in order to establish by reference to the best statistical data available to them the net capital movement from India to the other...
In Swiss Ribbons Pvt. Ltd. v. Union of India(2019) 4 SCC 17 A perusal of the definition of "financial creditor" and "financial debt" makes it clear that a financial debt is a debt together with interest, if any, which...
U.S. financial institution The term U.S. financial institution means any U.S. entity (including its foreign branches) that is engaged in the business of accepting deposits, making, granting, transferring, holding, or brokering loans or other extensions of credit, or purchasing or selling...
Non-banking financial institutions (NBFIs), engaged in varied financial activities are part of the Indian financial system providing a range of financial services. NBFCs are incorporated under the Companies Act, 1956. NBFCs can be classified into two broad categories, viz.,...
Financial service" means—(i) buying, selling, or subscribing to a financial product or agreeing to do so; (ii) acceptance of deposits;(iii) safeguarding and administering assets consisting of financial products, belonging to another person, or agreeing to do so;(iv) effecting contracts...
with sub-section (1) of section 12 and sub-section (1) of section 13 of the International Financial Services Centres Authority Act, 2019, the International Financial Services Centres Authority hereby makes the following regulations to provide a framework for recognition of...
The provisions of this Act shall apply to a qualified financial contract entered into on a bilateral basis between qualified financial market participants, either under a netting agreement or otherwise, where at least one of such participants shall be...
1- Introduction Thank you for this opportunity to provide an update on the Basel Committee’s work to finalise the global regulatory framework, as well as its longer-term agenda. I note that I started with similar words on this occasion...
19 November 2019 Good evening, and thank you for inviting me to speak at this year’s Euro Finance Week. Introduction As many of you know, I was appointed Chairman of the Basel Committee earlier this year. Over the past...
Financial institutions Financial institutions means any natural or legal person who conducts as a business one or more of the following activities or operations for or on behalf of a customer: 1- Acceptance of deposits and other repayable funds...
The Joint Forum (JF) was established in 1996 under the aegis of the Basel Committee on Banking Supervision (BCBS), the International Organization of Securities Commissions (IOSCO) and the International Association of Insurance Supervisors (IAIS) to deal with issues common...