RBI UPDATE
A reference is invited to RBI circular DPSS (CO) PD No.2112/02.14.003/2014-15 dated May 07, 2015 and DPSS.CO.PD.No.448/02.14.003/2015-16 dated August 27, 2015 on the captioned subject wherein directions were issued with timelines for migration to EMV Chip & PIN cards.
Despite the extension of time given to banks in this regard, some banks have approached seeking further extension of the time line for complying with the above instructions.
Keeping in the mind the objective to further enhance the security and risk mitigation in card present transactions, and also the impact it may have on achieving the timeline for complete migration of all existing magstripe cards, it has been decided not to grant any further extension beyond the respective timeline indicated in circular dated August 27, 2015 for new issuances and full migration to EMV Chip and PIN cards.
BOARD RESOLUTIONS
- Board Resolution - Creation of Charge
- Board Resolution - De-materialization of Equity Shares of the Company
- Board Resolution - Declaration of Interim Dividend
- Board Resolution - Dematerialization of Shares / Debentures of the Company
- Board Resolution - Engagement of Statutory Auditors for Additional Services
- Board Resolution - Execution of Escrow Agreement and Opening of Escrow Account for Business Transfer Agreement
- Board Resolution - Filing of Shelf Prospectus
- Board Resolution - Formation of Branch Office in India
- Board Resolution - General Authorization to KMP and / or Directors for day to day operation of the Company
- Board Resolution - Granting of authority for closing of transaction envisaged in the Business Transfer Agreement
- Board Resolution - Increase in Authorized Share Capital
- Board Resolution - Increase in Managerial Remuneration by the Board due to Annual Increment
- Board Resolution - Increase in Managerial Remuneration in case of inadequate or no profit
- Board Resolution - Issuance of Bonus Shares
- Board Resolution - Issuance of Compulsory Convertible Debentures
- Board Resolution - Issuance of Duplicate Share Certificate
- Board Resolution - Issuance of Equity Shares through Private Placement
- Board Resolution - Issuance of Notice for convening of General Meeting of the Company
- Board Resolution - Issuance of Optionally Convertible Debentures
- Board Resolution - Issuance of Power of Attorney
- Board Resolution - Issuance of Redeemable Preference Shares
- Board Resolution - Issuance of Sweat Equity Shares
- Board Resolution - Issuance of Unlisted Non-Convertible Debentures / Bonds
- Board Resolution - Keeping of Books of Accounts at a place other than registered office of the Company
- Board Resolution - Keeping of Foreign Register outside India
- Board Resolution - Keeping of Minutes Book at a place other than Registered Office of the Company
- Board Resolution - Keeping of Statutory Register and Records at a place other than the Registered Office of the Company
- Board Resolution - Modification of Charge
- Board Resolution - Opening of Bank Account
- Board Resolution - Opening of Corporate Beneficiary Account with Depository Participant
- Board Resolution - Opening of Trading Account with Depository Participant
- Board Resolution - Payment of Sitting Fees to Non-Executive Directors
- Board Resolution - Permission to KMP for being appointed on the Board of other Companies
- Board Resolution - Ratification of Remuneration of Cost Auditors
- Board Resolution - Ratification of appointment of Statutory Auditors and fixation of their remuneration
- Board Resolution - Re-Appointment of Statutory Auditors
- Board Resolution - Re-constitution of Audit Committee
- Board Resolution - Re-constitution of Nomination and Remuneration Committee
- Board Resolution - Rectification of Name
- Board Resolution - Rectification of Register of Members
- Board Resolution - Redemption of Preference Shares
- Board Resolution - Reduction of Share Capital by cancellation of Share Capital lost or unrepresented by available assets
- Board Resolution - Reduction of Share Capital by extinguishing the liability in respect of Share Capital not paid up
- Board Resolution - Reduction of Share Capital by paying off the paid up share capital by reducing number of Equity Shares
- Board Resolution - Reduction of Share Capital by paying off the paid up share capital by reducing paid up value per share
- Board Resolution - Regularization of Additional Independent Director
- Board Resolution - Satisfaction of Charge
- Board Resolution - Setting up of Foreign Branch Office
- Board Resolution - Setting up of Subsidiary Company Outside India
- Board Resolution - Setting up of Subsidiary Company in India
- Board Resolution - Shifting of Registered Office from One State to Another State
- Board Resolution - Shifting of Registered Office of the Company from One Registrar to another Registrar within the same State
- Board Resolution - Shifting of Registered Office of the Company from One State to another State within the same ROC
- Board Resolution - Shifting of Registered Office of the Company outside the local limits
- Board Resolution - Shifting of Registered Office of the Company within the Local Limit
