Page 51 - Banking Finance December 2018
P. 51

B      U A

           7.   ntities can o tain     fro  an  of the  oca   peratin    .   he  a o e  dispensation  sha     e  app ica  e  to
                nits     s   accredited    the   o a   e a   ntit   sec ritisation assi n ent  transactions carried o t
                dentifier  o ndation          https      .  eif.or  en .  d rin  a period of si   onths fro  the date of iss ance
                n  ndia     code  a   e o tained fro   e a   ntit   of this circ  ar.  ther ter s and conditions of the a o e
                dentifier   ndia   td.           https      .cci india   referred  irections re ain the sa e.
                ei.co.in .  he r  es  proced res and doc  entation
                                                                o rs faithf
               re  ire ents  a   e ascertained fro        https
                                                                  nor n  n  is r
                  .cci india  ei.co.in   R         .asp  .
                                                                hief  enera  Mana er
            .   ntities  nderta in  financia  transactions sha   ens re
               that their     code is considered c rrent  nder the r  es
               of the   o a        ste .  apsed     codes sha    e dee ed
                                                                B n in   romotion      m   mp    u stions    ns
               in a id for transactions in  ar ets re   ated    RB .
                                                                 . 2
            .   he  irections are iss ed  nder section      read  ith
                                                                2.      hares of pro ressi e  so nd   r n p   ic  i ited
               section      of the Reser e Ban  of  ndia  ct      .
                                                                       co panies  ith e ce  ent di idend record
                                                                 .     stoc  e chan e
            o rs faithf
                                                                 .     credit  a ance in the acco nt of     aintained
                  i   n  r
                                                                        ith another  ranch of the sa e  an
            hief  enera  Mana er
                                                                 .     a thorit  to operate the  oc er co es to an end
                                                                       on the death of Mrs  .
           Re a ation on the   i e ines to  B  s
                                                                 .       ission can not  e condoned
           on se  ritisation transa tions                       7.     co  ence ent of   siness
                                                                 . 2   co panies act
            B
                                                                 .     the  safe   i     e   ro en  open      the
                                             o e  er 2   2
                                                                       representati e  of  the   an fact rer  in  the
                                                                       presence of hirer
            .    ease  refer  to  the    ide ines  on   ec ritisation
                                                                  .     sec    of RB   ct
                ransactions  ide para raph   2 of Master  irections
                                                                  .     a   the a o e
               on   on Ban in   inancia    o pan        ste ica
                                                                 2.    open  R  a c
                 portant  on  eposit ta in   o pan  and  eposit
                                                                  .        s rchar e if app ica  e     cess
               ta in    o pan    Reser e  Ban     irections  dated
                                                                  . 2      ear and    ears
                epte  er     2    and para raph    of  on Ban in
                                                                  .           M        R
                inancia   o pan    on   ste ica      portant  on
                eposit ta in   o pan   Reser e Ban    irections    .     e a  heir of     B
               dated  epte  er     2   .                         7.     e tor  reditor
                                                                  . 2    cannot ref se to pa  the  i
           2.   n order to enco ra e  B  s to sec ritise assi n their
                                                                  .       onths
               e i i  e assets  it has  een decided to re a  the Mini
                                                                2 .
                o din   eriod  M    re  ire ent for ori inatin   B  s
               in respect of  oans of ori ina   at rit  a o e    ears  to  2 .      ithin a fortni ht
               receipt of repa  ent of si   onth   insta  ents or t o  22.     a   the a o e
                 arter   insta  ents  as app ica  e   s   ect to the  2 .  .   hen interest and  or insta   ent of principa
               fo  o in  pr dentia  re  ire ent                        re ains o erd e for a period of  ore than
                                                                       da s
               Mini     Retention  Re  ire ent   MRR   for  s ch
                                                                2 .     f the insta   ent of principa  or interest re ains
               sec ritisation assi n ent transactions sha    e 2   of
                                                                       o erd e for   crop season
               the  oo   a  e of the  oans  ein  sec ritised 2   of the
                                                                2 .         a o e
               cash f o s fro  the assets assi ned.
             B            CE |                                                            DECEMBER | 201  |  1
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