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Dokmart   24 June 2016

Rbi update

RBI UPDATE

Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015

In line with the Government of India’s startup initiative, it has been decided that an Indian startup, having an overseas subsidiary, may open a foreign currency account with a bank outside India for the purpose of crediting to the account, the foreign exchange earnings out of exports/sales made by the said startup or its overseas subsidiary. The balances held in such accounts, to the extent they represent exports from India, shall be repatriated to India within the period prescribed for realization of exports, in Foreign Exchange Management (Export of Goods and Services) Regulations, 2015 dated January 12, 2016, as amended from time to time.

In addition, payments received in foreign exchange by an Indian startup arising out of sales/ export made by the startup or its overseas subsidiaries will be a permissible credit to the Exchange Earners Foreign Currency (EEFC) account maintained in India by the startup.


FORMATS – CSR COMMITTEE

AGENDA OF CSR COMMITTEE MEETING

1

Agenda of CSR Committee - First Meeting

2

Agenda of CSR Committee - Second Meeting

3

Agenda of CSR Committee - Third Meeting

MINUTES OF CSR COMMITTEE MEETING

1

Minutes of CSR Committee - First Meeting

2

Minutes of CSR Committee - Second Meeting

3

Minutes of CSR Committee Meeting - Third Meeting

CSR COMMITTEE RESOLUTION

1

CSR Committee Resolution - Appointment of Chairman of the Committee

2

CSR Committee Resolution - Approval of CSR Calendar and Budget

3

CSR Committee Resolution - Recommendation of CSR Policy

4

CSR Committee Resolution - Taking note of Constitution of CSR Committee and Term of reference

5

CSR Committee Resolution - Taking note of CSR initiative taken by the Company

6

CSR Committee Resolution - To consider and approve CSR Project and authorize the execution of MOU

7

CSR Committee Resolution-To consider and approve draft Annual Report on CSR

POLICY

1

CSR Policy



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