Hong Kong dollar 100 90.542 First-order enclave within India (area includes 2 other smaller chhits, each itself an exclave and true enclave, each also named Uttar Dhaldanga (#92, #94)). In public, between sunrise and sunset, refrain from: Business transactions are considerably slower during Ramadan. The total area of Bengal is 232,752 km 2 West Bengal is 88,752 km 2 (34,267 sq mi) and Bangladesh 147,570 km 2 (e) Other Insurance Intermediaries appointed under the provisions of Insurance Regulatory and Development Authority Act, 1999 (41 of 1999). Some 1,000 people in the former Indian enclaves chose Indian citizenship and were to be relocated to India by December 2015.[19][31][32][33]. Bangladesh Securities and exchange Commission (Research Analysis) Rules, 2013. It lay 3km (1.9mi) from the main part of India and had an area of 6.65km2 (2.57sqmi). Composite exclave of India within the Lalmonirhat District of Bangladesh, comprised the contiguous Bhotbari (#74), Panisala (#77) and Kamat Changrabandha (#75, #76) chhits. Guidance and regulation. Investment by a Foreign Venture Capital Investor (FVCI), (1) Subject to the terms and conditions as may be laid down by the Central Government, a Foreign Venture Capital Investor (FVCI) may purchase,- . CHAPTER VI Counter-enclave surrounded by an Indian exclave, Dahala Khagrabari (#47), located within the Panchagarh District of Bangladesh. In September 2011, India signed the Additional Protocol for the 1974 Land Boundary Agreement with Bangladesh. Further, in case of transfer of capital contribution or profit share from a person resident outside India to a person resident in India, the transfer shall be for a consideration which is not more than the fair price of the capital contribution or profit share of an LLP. Human Rights Treaty Bodies 499th Meeting, 35th Session, Committee on Migrant Workers Moore was released on December 30, 2009 in exchange for the release of Qais Khazali. Directive on revision of effective date of the Directive No. A Committee under the Chairmanship of Secretary, DPIIT, with representatives from NITI Aayog, concerned Administrative Ministry and independent technical expert(s) on the subject shall examine the claim of applicants on the issue of the products being in the nature of state-of-art and cutting-edge technology where local sourcing is not possible and give recommendations for such relaxation. Composite exclave of Bangladesh within India, comprises the contiguous Falnapur and Nalgram (#52) chhits. The flu season usually runs from November to April in the northern hemisphere, between April and October in the southern hemisphere and year round in the tropics. "This is particularly important for the Cooch Behar enclaves, where the several administrative units which together form some of the larger enclaves are commonly, but wrongly, termed enclaves themselves, or where one component unit commonly lends its name to the whole enclave. Reporting requirements The reporting requirements for any investment in India by a person resident in India shall be as specified by the Reserve Bank. Securities and Exchange Commission (Private Placement of Debt Securities) Rules, 2012, Directive: Regarding Margin Ratio by the Merchant Banker, Directive: Regarding Margin Ratio by the Stock Broker, Time extension of implementation of the government decision as per recommendation of special scheme committee; Reference No. Tuberculosis is an infection caused by bacteria and usually affects the lungs. Terrestrial Broadcasting FM (FM Radio), subject to such terms and conditions, as specified from time to time, by Ministry of Information and Broadcasting, for grant of permission for setting up of FM Radio stations. (i) prior government approval shall be obtained for any transfer in case the company is engaged in a sector which requires government approval; (ii) where the equity instruments are held by the person resident outside India on a non-repatriable basis, the transfer by way of sale where the transferee intends to hold the equity instruments on a repatriable basis, shall be in compliance with and subject to the adherence to entry routes, sectoral caps or investment limits, as specified in these rules and attendant conditionalities for such investment, pricing guidelines, documentation and reporting requirements for such transfers, as may be specified by the Reserve Bank from time to time; (2) A person resident outside India, holding equity instruments of an Indian company or units in accordance with these rules may transfer the same to a person resident in India by way of sale or gift or may sell the same on a recognised stock exchange in India in the manner specified by the Securities and Exchange Board of India : (i) the transfer by way of sale shall be in compliance with and subject to the adherence to pricing guidelines, documentation and reporting requirements for such transfers as may be specified by the Reserve Bank in consultation with the Central Government from time to time; (ii) where the equity instruments are held by the person resident outside India on a non-repatriable basis, conditions at item (i) of the proviso shall not apply. Travellers at higher risk of getting cholera include those: Vaccination may be recommended for high-risk travellers, and should be discussed with a health care professional. Hong Kong dollar 100 90.542 There has been debate as to whether one single nation could unilaterally implement a financial transaction tax. Margin Loan Directive (Merchant Banker & portfolio Manager). The benchmark for this level would be decided with reference to the level of production of NLEM drugs and/ or consumables in the three financial years, immediately preceding the year of induction of foreign investment. Nearly 14,000 people living in the former Bangladeshi enclaves became Indian citizens, while about 36,000 people living in the former Indian enclaves became Bangladeshi citizens. News stories, speeches, letters and notices. As part of the 2015 border agreement, India ceded it to Bangladesh. Thereafter, it shall have to be met on an annual basis. Previous violent demonstrations have resulted in several hundred deaths. Dahala Khagrabari, enclave #51, was the world's only third-order enclave, being a piece of India within Bangladesh, within India, within Bangladesh. Prohibition on transfer of immovable property in India (1) Save as otherwise provided in the Act or rules, no person resident outside India shall transfer any immovable property in India: (a) the Reserve Bank may, for sufficient reasons, permit the transfer subject to such conditions as may be considered necessary; (b) a bank which is an authorised dealer may, subject to the directions issued by the Reserve Bank in this behalf, permit a person resident in India or on behalf of such person to create charge on his immovable property in India in favour of an overseas lender or security trustee, to secure an external commercial borrowing availed under the provisions of the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000; (c) an authorised dealer in India being the Indian correspondent of an overseas lender may, subject to the directions issued by the Reserve Bank in this regard, create a mortgage on an immovable property in India owned by an NRI or an OCI, being a director of a company outside India, for a loan to be availed by the company from the said overseas lender : (i) the funds shall be used by the borrowing company only for its core business purposes overseas; (ii) in case of invocation of charge, the Indian bank shall sell the immovable property to an eligible acquirer and remit the sale proceeds to the overseas lender. Around the municipal or urban agglomeration limits of such cities; retail locations shall be restricted to conforming areas as per the Master or Zonal Plans of the concerned cities and provision shall be made for requisite facilities such as transport connectivity and parking. (b) The prospective investor and the prospective investee are required to provide a certificate given at 16.4 along with the application submitted for Government approval. Directive relating to transaction of physical shares, circuit breaker and suspension of trading. Books from Oxford Scholarship Online, Oxford Handbooks Online, Oxford Medicine Online, Oxford Clinical Psychology, and Very Short Introductions, as well as the AMA Manual of Style, have all migrated to Oxford Academic.. Read more about books migrating to Oxford Academic.. You can now search across all these OUP books and journals under the Euro 100 691.07. (b) Foreign investment in Duty Free Shops is subject to compliance of conditions stipulated under the Customs Act, 1962 and other laws, rules and regulations. Explanation: Inventory of a vendor shall be deemed to be controlled by e-commerce marketplace entity if more than 25% of purchases of such vendor are from the marketplace entity or its group companies which shall render the business into inventory based model. Notification regarding Amendment of BSEC (Public Issue) Rules, 2015, Notification regarding Amendment of Four Different Rules made under Securities and Exchange Ordinance, 1969, , () , Notification regarding Exemption of Beximco Green Sukuk from certain provisions of BSEC (Debt Securities) Rules, 2021, , () , , Directive maximum limit of credit facilities, The Bangladesh Securities and Exchange (Capital Market Stabilization Fund) Rules, 2021, Directive regarding distribution of interest income earned from the Consolidated Customers' Account (CCA) among the customers. There is a risk of malaria in certain areas and/or during a certain time of year in this country. Ilmenite can be processed to produce Synthetic Rutile or Titanium Slag as an intermediate value added product. SEC/CMRRCD/2009-193/104/Admin/26 dated July 27, 2011, Conversion guidelines for close-end to open-end mutual fund, Directive No. Twenty- five per cent of the total consideration amount (including share premium, if any) shall be received upfront. (iv) Wherever there is a requirement of minimum capitalisation, it shall include premium received along with the face value of the equity instrument, only when it is received by the company upon issue of such instruments to the person resident outside India and the amount paid by the transferee during post-issue transfer beyond the issue price of the capital instrument, shall not be taken into account while calculating minimum capitalization requirement. Regardless of where you are going, talk to a health care professional before travelling to make sure you are fully protected against measles. 30. The situation could disrupt your travel plans. Thereafter, condition mentioned at 15.3.1(e) above shall be applicable. First-order exclave bordering the Lalmonirhat and Kurigram Districts, Bangladesh. INVESTMENT BY FOREIGN VENTURE CAPITAL INVESTOR. Carry oral rehydration salts when travelling. Retrieved 10 May 2015. (a) NRIs or OCIs may purchase and sell equity instruments through a branch designated by an Authorized Dealer for the purpose; (b) The total holding by any individual NRI or OCI shall not exceed 5 percent of the total paid-up equity capital on a fully diluted basis or shall not exceed 5 percent of the paid-up value of each series of debentures or preference shares or share warrants issued by an Indian company and the total holdings of all NRIs and OCIs put together shall not exceed ten percent of the total paid-up equity capital on a fully diluted basis or shall not exceed ten percent of the paid-up value of each series of debentures or preference shares or share warrants: Provided that the aggregate ceiling of 10 percent may be raised to 24 percent if a special resolution to that effect is passed by the General Body of the Indian company. Dengue can cause flu-like symptoms. (h) Activities or sectors not open to private sector investment e.g. (a) ownership of an Indian company shall mean beneficial holding of more than fifty percent of the equity instruments of such company and ownership of an LLP shall mean contribution of more than fifty percent in its capital and having majority profit share; (b) company owned by resident Indian citizens shall mean an Indian company where ownership is vested in resident Indian citizens and/ or Indian companies, which are ultimately owned and controlled by resident Indian citizens and LLP owned by resident Indian citizens shall mean an LLP where ownership is vested in resident Indian citizens and/ or Indian entities, which are ultimately owned and controlled by resident Indian citizens; (c) company owned by persons resident outside India shall mean an Indian company that is owned by persons resident outside India and LLP owned by persons resident outside India shall mean an LLP that is owned by persons resident outside India; (d) control shall mean the right to appoint majority of the directors or to control the management or policy decisions including by virtue of their shareholding or management rights or shareholders agreement or voting agreement and for the purpose of LLP, control shall mean the right to appoint majority of the designated partners, where such designated partners, with specific exclusion to others, have control over all the policies of an LLP; (e) company controlled by resident Indian citizens means an Indian company, the control of which is vested in resident Indian citizens and/ or Indian companies which are ultimately owned and controlled by resident Indian citizens and LLP controlled by resident Indian citizens shall mean an LLP, the control of which is vested in resident Indian citizens and/or Indian entities, which are ultimately owned and controlled by resident Indian citizens; (f) company controlled by persons resident outside India shall mean an Indian company that is controlled by persons resident outside India and LLP controlled by persons resident outside India shall mean an LLP that is controlled by persons resident outside India; (g) downstream investment shall mean investment made by an Indian entity which has total foreign investment in it, or an Investment Vehicle in the capital instruments or the capital, as the case may be, of another Indian entity; (h) holding company shall have the same meaning as assigned to it under Companies Act, 2013; (i) indirect foreign investment means downstream investment received by an Indian entity from,-, (A) another Indian entity (IE) which has received foreign investment and (i) the IE is not owned and not controlled by resident Indian citizens or (ii) is owned or controlled by persons resident outside India; or. All Rights Reserved. Be extremely cautious if using public transportation. Directive on Foreign Company to be a sponsor of Mutual Fund. 27. Further raising of debt and its utilisation shall be in compliance with the Act, rules or regulations made thereunder. (Repealed), Bangladesh Securities and Exchange Commission (Alternative Trading System) Rules, 2019, English Text of the Depositories Act, 1999, Clarification for Orders and Notifications including Corporate Governance Code, Regarding sale of assets of any listed company, Regarding appointment or re-appointment of any member of the Board of Directors of any listed Company, Panel of Auditors' of BSEC (Updated as on February 02, 2020), Time extension for further 2(two) years i.e. Bangladesh Securities and Exchange Commission (Risk Based Capital Adequacy) Rules, 2019. The treaty ensured that Pakistan recognised the independence of Bangladesh in exchange for the return of the Pakistani PoWs. The first and oldest international organizationbeing established employing a treaty, and creating a permanent secretariat, with a global membershipwas the International Telecommunication Union (founded in 1865). Notification-Conditions under Section 2CC in case of issuance for the Security other than rights and bonus share. (i) It shall be under the Government approval route. Directive regarding imposition of conditions for adjustment of deficit in fund and securities of investors. (7) The provisions (5) and (6) of rule 23 shall apply mutatis mutandis to a LLP. (6) The mode of payment and other attendant conditions for remittance of sale or maturity proceeds shall be specified by the Reserve Bank . Exemption to the foreign owned companies and the joint venture companies with foreign investment from the compliance of the provision to public limited and listed company. You may need to obtain a translation, a notarization, an authentication, or the legalization of the document. Section 3:Dealing in Foreign Currency Notes and Coins etc. Your personal safety and security are at great risk. The total foreign investment shall not exceed the sectoral or statutory cap. Garati (#4) and (#5) are shown joined as one enclave in pre-1947 topographic maps, in which the smaller (#5) adjoins the northern boundary of the larger (#4). The main composition of Chinese forex reserves is approximately two-thirds USD and one-fifth Euros with the rest made up of Japanese Yen and the British Pound.China was the second country to reach $500 billion and the first to reach $1 trillion in reserves. Travellers to any destination in the world can developtravellers' diarrheafrom consuming contaminated water or food. Wholesale trading shall include resale, processing and thereafter sale, bulk imports with export/ ex-bonded warehouse business sales and B2B e-Commerce. The enclave has an area of 25.95km2 (10.02sqmi) with a resident population of 20,000 people. The term Infrastructure Sector has the same meaning as given in the Harmonised Master List of Infrastructure sub-sectors approved by Government of India vide notification F. No. Notification related to substantial acquisition of shares, Order to merchant bankers related to margin limit adjustment period, Directive to stock brokers related to margin limit and adjustment period, Directive to stock brokers related to single client exposure limit, Directive to merchant bankers related to single client exposure limit, Notification to sponsors, director and private placement holders on declaration before buy/sell/other dispose off securities, Directive to sponsors and private placement holders of mutual fund on declaration before buy/sell/other dispose off units, Directive on margin issue to merchant bankers and portfolio managers, Directive on margin issue to stock brokers, Directive to companies which declared layoff, Directive related to declaration by sponsor, director, placement holder for selling/disposing off shares/units, Notification related to annual BO account maintenance fee, Notification on amendment of OTC Market Rules related to definition of unlisted securities, Directive to merchant bankers related to marginable shares' PE ratio, Directive to brokers/dealers related to marginable shares' PE ratio, Related to brokerage fee/commission collection by merchant bankers, Paper securities under B category will be transferred to Z category replacement of the order dated 31 May 2010, Notification on amendment to Mutual Fund Rules related to lock-in and placement limit, Paper securities under B category shall not be traded, Notification related to 10 taka face value of share, Notification on issue of capital related to conversion to public ltd. company and public offer, Notification related to record date and AGM, Notification related to amendment of OTC Rules, 2001, Directive related to margin requirement calculation, Notification related to amendment of Prohibition of Insider Trading Rules 1995, Order to merchant bankers related to margin loan ratio 1:1.5, Directive related to stock brokers margin loan ratio 1:1.5, Trust Deed for Mutual Fund- Umbrella, Trust Deed for Mutual Fund-Single Trust Deed for Unit Fund. This page Copyright TaxGuru. You should think about your need to travel to this country, territory or region based on family or business requirements, knowledge of or familiarity with the region, and other factors. (c) At least 50 percent of the total foreign investment brought in the first tranche of USD 100 million, shall be invested in back-end infrastructure within three years, where back-end infrastructure shall include capital expenditure on all activities, excluding that on front-end units; for instance, back-end infrastructure shall include investment made towards processing, manufacturing, distribution, design improvement, quality control, packaging, logistics, storage, warehouse, agriculture market produce infrastructure etc. equity tranche) of securitisation structure; (vii) acquisition, sale or dealing directly in immovable property; (ix) depository receipts issued against equity instruments; (aj) NRI or Non-Resident Indian means an individual resident outside India who is a citizen of India; (ak) OCI or Overseas Citizen of India means an individual resident outside India who is registered as an Overseas Citizen of India Cardholder under section 7A of the Citizenship Act, 1955 ( 57 of 1955); (al) resident Indian citizen means an individual who is a person resident in India and is a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 ; (am) sectoral cap means the maximum investment including both foreign investment on a repatriation basis by persons resident outside India in equity and debt instruments of a company or the capital of a LLP, as the case may be, and indirect foreign investment, unless provided otherwise. Entry requirements vary depending on the type of passport you use for travel. Petroleum refining by the Public Sector Undertakings (PSUs), without any disinvestment or dilution of domestic equity in the existing PSUs. Hong Kong dollar 100 91.343 Taxes and remittances of sale proceeds (1) Taxes All transaction under these rules shall be undertaken through banking channels in India and subject to the payment of applicable taxes and other duties or levies in India. Investment shall be subject to guidelines prescribed by the Central or State Government. Purchase or sale of equity instruments of an Indian company by a person resident outside India, (1) Purchase or sale of equity instruments of an Indian company by a person resident outside India. Note: Issue or transfer of participating interest or right in oil fields by Indian companies to a person resident outside India would be treated as foreign investment and shall comply with the conditions laid down in Schedule I. [T]he official IndoBangladesh Boundary Commission figure of 111 Indian and 51 Bangladeshi exchangeable enclaves would appear to count only individual mauzas, even when these consisted of more than one enclave. Road conditions and road safety are poor throughout the country. [11] The enclaves were exchanged at midnight on 31 July 2015 and the transfer of enclave residents was completed on 30 November 2015. (e) Digital and electronic network shall include network of computers, television channels and any other internet application used in automated manner such as web pages, extranets, mobiles etc. [3][16] Because of India's deteriorated relations with Pakistan, the issue remained unsolved. Section 2: Private Non-Resident Taka Accounts. (ii) An FPI may purchase units of REITs and InVITs on repatriation basis subject to the terms and conditions specified by the Securities and Exchange Board of India. immunological or metabolic means, but which may be assisted in its intended function by such means; (b) an accessory to such an instrument, apparatus, appliance, material or other article; (c) in-vitro diagnostic device which is a reagent, reagent product, calibrator, control material, kit, instrument, apparatus, equipment or system, whether used alone or in combination thereof intended to be used for examination and providing information for medical or diagnostic purposes by means of examination of specimens derived from the human bodies or animals. New citizenship, if chosen, took effect from 1 August 2015. Hong Kong dollar 100 91.343 number, amount of sale etc. 25. Expenditure on land cost and rentals, if any, shall not be counted for purposes of back-end infrastructure. It was the site of a jute field. (b) FPIs can invest in the Security Receipts (SRs) issued by ARCs. There are certain safety and security concerns or the situation could change quickly. Bangladesh Securities and Exchange Commission (Alternative Investment) Rules, 2015, Directive regarding distribution of dividend, fractional bonus share and rights share to the margin accountholders of the stock brokers, Directive No. A NRI or an OCI may subscribe to the National Pension System governed and administered by Pension Fund Regulatory and Development Authority (PFRDA), provided such person is eligible to invest as per the provisions of the Pension Fund Regulatory and Development Authority Act. Amendment to theSecurities and Exchange Commission (Stock Dealer, Stock Broker & Authorized Representatives) Rules-2000. However, the spot forex reserves are still sharply down from $607 billion in end-March and depleted by $111.37 billion from the record high of 12 enclave while Bangladesh retained the Dahagram Angorpota exclaves with India providing access to it by giving a 178-by-85-metre (584ft 279ft) corridor, called the Tin Bigha Corridor. FPIs may be allowed to invest up to 100 percent of each tranche in SRs issued by ARCs, subject to directions/ guidelines of Reserve Bank. (h) The present limit of 10 percent on voting rights in respect banking companies may be noted by the potential investor. Bangladesh Securities and Exchange Commission (Short-Sale) Rules, 2019, Transfer from spot market to public market, Bangladesh Securities and Exchange Commission (Qualified Investor Offer by Small Capital Companies) Rules, 2018, Directive on Maintenance of provision by Merchant Bankers against investment in mutual funds, Exemption under Section 2D of the Securities and Exchange Ordinance, 1969 to fully foreign owned companies Gazette, (Close-end Mutual Fund) : Gazetted on 23.10.2018, Withdrawal of trade restrictions from DSSL, Orders related to suspension of trading and compulsory spot, Amendment to the Notification No. (i) The total holding by each FPI or an investor group, shall be less than 10 percent of the total paid-up equity capital on a fully diluted basis or less than 10 percent of the paid-up value of each series of debentures or preference shares or share warrants issued by an Indian company and the total holdings of all FPIs put together, including any other direct and indirect foreign investments in the Indian company permitted under these rules, shall not exceed 24 per cent of paid-up equity capital on a fully diluted basis or paid up value of each series of debentures or preference shares or share warrants. Order related to Uniform face value of shares of Tk. Join our newsletter to stay updated on Taxation and Corporate Law. The Indian mainland contained 71 Bangladeshi enclaves, which in turn contained 3 Indian counter-enclaves. Bangladeshs coastline is also subject to cyclones. Anyone who has not completed a vaccine series is at increased risk of being infected with the virus that causes COVID-19 and is at greater risk for severe disease when travelling internationally. First-order enclave within India, area combined with that shown for the larger Purba Chhit Masaldanga (#84). Foreign Exchange Reserves in Egypt averaged 23704.46 USD Million from 1992 until 2022, reaching an all time high of 45510.00 USD Million in February of 2020 and a record low of There is a risk of chikungunya in this country. (3) Prohibition on purchase of equity instruments of certain companies. Hepatitis B is a disease of the liver spread through blood or other bodily fluids. Measles is a highly contagious viral disease. Notification (20 July 2000) effecting depository act 1999. [3], The list of enclaves was prepared in 1997 by the two countries. Note: Other than the above, foreign investment is not allowed in any other agricultural sector or activity. monitor local media for the latest information, follow the instructions of local authorities, know that you expose yourself to serious safety risks, be prepared to change your travel plans on short notice, including cutting short or cancelling your trip, stay informed of the latest regional weather forecasts, carry emergency contact information for your airline or tour operator, follow the advice and instructions of local authorities, including evacuation orders, 10921 to reach the helpline for women and children experiencing violence, firefighters: 8802 955 5555 / 8802 955 6666 / 8802 955 6667. Foreign Exchange Regulation Act, 1947 (VII of 1947). Publication of facsimile edition of foreign newspapers. (a) Foreign investment shall be made by the owner of the original foreign newspapers whose facsimile edition is proposed to be brought out in India. (i) All investments shall be subject to the guidelines prescribed for the banking sector under the Banking Regulation Act, 1949 and the Reserve Bank of India Act, 1934. Latest updates: The Health section was updated - travel health information (Public Health Agency of Canada).
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