The Foreign Investment Facilitation Portal (FIFP) is the new online single point interface of the Government of India for investors to facilitate Foreign Direct Investment. This portal is being administered by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry. This portal will continue to facilitate the single window clearance of applications which are through approval route. Upon receipt of the FDI application, the concerned Administrative Ministry/Department shall process the application as per the Standard Operation Procedure (SOP). If the online filing of application is with digital signature by authorised signatory, physical submission of the copy is not required. For applications without digital signature, once the e-filing of the application is completed, the applicant is required to file/courier only SINGLE signed copy of the printed version of the online application, along with the duly authenticated copy of the documents attached with the application, to the Nodal Officers of the concerned Administrative Ministry/Department as per the SOP. The additional features such as: e-communication, quicker processing, reduced paperwork, SMS/email alert and many more continue to exist. Before you log in for the online application form, please take some time off to register on portal.

  1. Which documents need to be uploaded at the time of submission of application?
  2. Summary of Proposal on Company(Applicant) Letterhead
  3. Certificate of Incorporation(COI) (Investee/Investor/Downstream)
  4. Memorandum of Association(MOA) (Investee/Investor/Downstream)
  5. Board Resolution(Investee/Investor/Downstream)
  6. Audited Financial Statement of Last Financial Year(Investee/Investor/Downstream)
  7. Article of Association(Investee/Investor/Downstream)
  8. LLP Draft
  9. LLP Agreement
  10. Income Tax Return of Last Year
  11. Passport Copy/ Identification Proof

Other Document

  • A copy of the JV agreement/shareholders agreement/ technology transfer/trademark/brand assignment agreement (as applicable), in case there are existing ventures.
  • Board resolution of any joint venture company(if required)
  • Certificates of Incorporation and charter documents of any joint venture/company which is a party to the proposed transaction
  • Certification for LLP cases compliance
  • Copy of Downstream Intimation
  • Copy of relevant past FIPB/SIA/RBI approvals, connected with the current proposal(In case of amendment proposal)
  • Diagrammatic representation of the flow and funds from the original investor to the investee company and Pre and Post shareholding pattern of the Investee Company.
  • FIRC
  • In the cases of investments by entities which themselves are pooled investment funds, thw details such as names and addresses of promoters, investment managers as well as all the contributors to the investment fund.
  • List of the downstream companies of the Indian company and the details of the equity held by the Indian Company along with the details of the activities of the companies
  • Self Certificate of the documents/ for affidavit.
  • The comments of the Indian partners/ technical/ trademerk collaborators about the new venture, on their official letter heads, with name and contact address of the signatory of the comments.
  • The No Objection Certificate from the the State Government(in case of repatriation under real estate sector)
  • Valuation certificate as approved by a CA

Pharma Documents

  • Balance sheets of the last two years of investee company
  • Certificate Regarding non-compete Clause
  • Does the investee company company possess any advanced/critical technology. If so, the details therof may be furnished. Proposal and possibility of any technology transfer after the induction of FDI may also be indicated.
  • Name and quantities of the products (both bulk drug and formulations) actually manufactured by investee Pharma company during last 3 financial years.
  • Name of NLEMs manufactured alongwith corresponding qualitative production during last 3 financial years.
  • Name of Products approved by concerned state drug controller
  • The details of any technology transfer after the induction of FDI(in case of pharma)

Security Clearance Form

  • Security Clearance Form

Additional Relevant Document

Posted On: 04 MAR 2020 1:11PM by PIB Delhi

It has been observed that due to applicability of additional fee on late filing, which in case of inordinate delay could actually become a financial burden, a large number of Limited Liability Partnerships (LLPs) have remained non-compliant, mainly on account of their inability to pay late fees for the cumulative period of delay.

As part of Government’s constant efforts to promote ease of doing business  it has been decided to give a One-time relaxation in additional fee to the defaulting LLPs to make good their default by filing pending documents and to serve as a  compliant LLP in future.

Accordingly, the Central Government has decided to introduce a scheme namely “LLP Settlement Scheme, 2020”, by allowing a One-time condonation of delay in filing statutorily required documents with the Registrar.

LLPs, that wish to avail themselves of the scheme, may file the pending documents/Forms and make good the defaults, to gain immunity from prosecutions for such defaults.

The Scheme shall come into force on the 16th March, 2020 and shall remain in force up to 13th June, 2020.  It would be applicable to a “defaulting LLP” for filing overdue documents, which were due for filing till 31st October, 2019 on a payment of a nominal additional fee of Rs 10/- per day for the period of delay, in addition to any fee as is payable for filing of such document or return, subject to a maximum amount of Rs. 5,000/- as additional fee per document.

The Scheme shall apply to the filing of the following documents:

  1. Form-3- Information with regard to limited liability partnership agreement and changes, if any, made therein; 

– 2 –

  1. Form-4- Notice of appointment, cessation, change in name/ address/designation of a designated partner or partner and consent to become a partner/designated partner;
  2. Form-8- Statement of Account & Solvency (Annual or Interim); and
  3. Form-11- Annual Return of Limited Liability Partnership (LLP).

The Scheme is being introduced in pursuance of the Government’s objective of providing greater Ease of Living to the citizens of the country and is expected to provide a significant relief and a window of opportunity for LLPs to abide by the Law & conduct business accordingly. https://pib.gov.in/PressReleseDetail.aspx?PRID=1605084

Government transforms PSB landscape with consolidation of ten PSBs into four with effect from 1.4.2020

Amalgamations to enable creation of digitally driven consolidated banks with global heft and business synergies

Posted On: 04 MAR 2020 4:09PM by PIB Delhi

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the mega consolidation of ten PSBs into four which include the –

(a)  Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank

(b)  Amalgamation of Syndicate Bank into Canara Bank

(c)  Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India

(d)  Amalgamation of Allahabad Bank into Indian Bank

The amalgamation would be effective from 1.4.2020 and would result in creation of seven large PSBs with scale and national reach with each amalgamated entity having a business of over Rupees Eight lakh crore. The Mega consolidation would help create banks with scale comparable to global banks and capable of competing effectively in India and globally. Greater scale and synergy through consolidation would lead to cost benefits which should enable the PSBs enhance their competitiveness and positively impact the Indian banking system.

In addition, consolidation would also provide impetus to amalgamated entities by increasing their ability to support larger ticket-size lending and have competitive operations by virtue of greater financial capacity. The adoption of best practices across amalgamating entities would enable the banks improve their cost efficiency and risk management, and also boost the goal of financial inclusion through wider reach.

Further, with the adoption of technologies across the amalgamating banks, access to a wider talent pool, and a larger database, PSBs would be in a position to gain competitive advantage by leveraging analytics in a rapidly digitalising banking landscape.

https://pib.gov.in/PressReleseDetail.aspx?PRID=1605185

Posted On: 04 MAR 2020 6:14PM by PIB Delhi

Directorate General of GST Intelligence (DGGI) Headquarters booked a case on 3rd March 2020 against M/s Fortune Graphics Limited, M/s Reema Polychem Private Limited & M/s Ganpati Enterprises.

The aforesaid companies/ firms are involved in issuance of invoices without any actual supply of goods. This case was detected and developed by officers on further data analytics out of a case booked against one of the exporters, namely, M/s Anannya Exim, which was covered in the all India operation launched by DGGI-DRI on 11.09.2019, against various exporters for fraudulently claimed IGST refund on the strength of ineligible ITC. 

During investigation, it was revealed that M/s Fortune Graphics Limited, M/s Reema Polychem Private Limited & M/s Ganpati Enterprises have issued invoices worth more than Rs 4,198 Crores wherein Tax amount of more than Rs 660 Crores has been fraudulently passed on as ITC credit to buyers of such fake invoices. It is also understood that, in the past, Directorate of Revenue Intelligence have booked a case of diversion of duty-free goods imported under Advance authorisation scheme by M/s Reema Polychem Pvt Ltd.

One of the directors of M/s Reema Polychem Private Limited has been arrested on 04.03.2020 under Section 69(1) of CGST Act, 2017 for offences under the provisions of Sections 132(1)(b) and 132(1)(c) of the CGST Act, 2017. Role of other directors of these three firms is under investigation.

Further investigations are in progress. https://pib.gov.in/PressReleseDetail.aspx?PRID=1605239

Kotak Mahindra Bank Job 2020 Summary:

Department NameKotak Mahindra Bank
Notification AboutBank Job 2020
Number of Posts176
Post NameClerk, Probationary Officers, and Specialist Officers
Type of JobCentral Government Jobs
LocationIndia
Mode of ApplyOnline
Official Websitewww.kotak.com
CategoryRecruitment, Jobs, Vacancies, Bharti

Eligibility Criteria for Kotak Mahindra BankJobs2020

Education Qualifications:

Candidates should have passed Bachelor degree of a recognized university.

More details about education qualification please go to the official notification.

Salary:

Rs. 66,000/- Per Month For all selected candidates

Age Limit:

  • Maximum Age Limit: 40 Year
  • More age details can go to official website.

Application Fee:

  • General/OBC/EWS –  600/-
  • SC/ST/PH/Female –  300/-

Kotak Mahindra Bank Job Selection Process:

  • Written Exam
  • Document Verification
  • Interview
  • Final Merit List

How to Apply for Kotak Mahindra Bank Jobs?

  • The candidate goes to the Official website at kotak.com.
  • Go to the Recruitment Tab given on the right side and Press new job openings.
  • Search for the latest Kotak Mahindra Bank Recruitment Notifications.
  • Click on apply online and fill all the basic details.
  • After filling all details then click submit.
  • Save your Registration no and password for future use.

Useful Links for the Kotak Mahindra Bank Bharti:

Apply OnlineClick here
Official NotificationClick here

State Bank of India Jobs: –State Bank of India has announced an employment notification to recruit over 30  Defence Banking Advisor (Navy & Air Force), Circle Defence Banking Advisor, HR Specialist (Recruitment), Manager (Data Scientist), and Deputy Manager (Data Scientist), Deputy Manager (System Officer). Applicants looking forward to these can apply for the same as per the guidelines in the official notification. (Direct link below)

Post Type:Deputy Manager
No. of Vacancies:30
Pay Scale:Deputy Manager (System Officer)-  Rs.31705
Job Location:Delhi, Chandigarh, Bengaluru, Mumbai
Last Date:Update Soon
Age Limit:24-62 years
Selection Process:Shortlisting, Interview
Application Fee:General-Rs.750, SC/ST- NIL
Educational Qualification:B. Tech/ M Tech in Computer Science/ IT/ Machine Learning and AI
How to Apply:Online

Details regarding this recruitment are given in this section. One who is willing to apply for this vacancy should go through the content carefully.It has many details like State Bank of India Jobs age-limit, salary, eligibility/education qualifications, pay scale, Salary; apply process, selection process, official notification download, Application fee, application form and more.

Note: Candidates are advised to check the official notification thoroughly before applying.

State Bank of India Recruitment- Job Details

  • Organization Name: State Bank of India.
  • Posts: Deputy Manager
  • Job Type: Central Govt. Jobs
  • Total Vacancy:30

Salary for State Bank of India Jobs:

Pay Scale or salary of the Deputy Manager (System Officer) will be Rs.31705

STATE BANK OF INDIA Jobs Age-limit

  • Age for Deputy Manager will be 24-62 years

Application Mode      

  • Online

STATE BANK OF INDIA Job – Educational Qualifications/Eligibility Criteria

Name of the PostEligibility
Deputy ManagerB. Tech/ M Tech in Computer Science/ IT/ Machine Learning and AI

STATE BANK OF INDIA Jobs, Important Dates:

  • Last Date for application: Update Soon

STATE BANK OF INDIA Jobs– Apply Process

  • Eligible Candidates can apply online for this post by clicking the link below.
  • Read the notification carefully and check for all details including eligibility before applying. Official Websitehttps://www.sbi.co.in/careers

To start off with your application process you must create an account

Job Description

PositionSenior Manager
 
Reporting to (Position)Senior Vice President
ObjectiveTo perform Risk Assessment for Retail Liability Products, Operations and along with monitoring and recording of Key Risk at the mentioned Business Units
ResponsibilitiesConducting of Risk & Control Self Assessment for Liability Operations Units (Retail Liability Operations, Currency Chest, Regional Processing Hubs)Documenting Inherent Risk and evaluating the significanceReviewing the existing ControlsEvaluating the Design Effectiveness of the ControlsTesting of Control EffectivenessReview of new and existing Products and ProcessesMonitoring and reviewing of Key Risk Indicators for the Business UnitsRecording of Operational Risk Incident reported by Business Units in line with BASEL categorization of Business Lines and Loss EventsPerform detailed Root Cause Analysis of critical events/ lossesCreate various Advisories/ Training/ Awareness on Operational Risk
Essential competenciesGood understanding of the Businesses such as Retail Liabilities/ Cash Management ServicesCandidate should have excellent communication skills to interact with Senior/ Top ManagementProactively contribute to the on-going developments and process improvementsAbility to work under pressure and good conflict management skills
Qualifications and relevant experienceShould be CA/ICWA/MBA

Qualifications

PositionSenior Manager
Approximate age bracket and band 
Reporting to (Position)Senior Vice President
ObjectiveTo perform Risk Assessment for Retail Liability Products, Operations and along with monitoring and recording of Key Risk at the mentioned Business Units
ResponsibilitiesConducting of Risk & Control Self Assessment for Liability Operations Units (Retail Liability Operations, Currency Chest, Regional Processing Hubs)Documenting Inherent Risk and evaluating the significanceReviewing the existing ControlsEvaluating the Design Effectiveness of the ControlsTesting of Control EffectivenessReview of new and existing Products and ProcessesMonitoring and reviewing of Key Risk Indicators for the Business UnitsRecording of Operational Risk Incident reported by Business Units in line with BASEL categorization of Business Lines and Loss EventsPerform detailed Root Cause Analysis of critical events/ lossesCreate various Advisories/ Training/ Awareness on Operational Risk
Essential competenciesGood understanding of the Businesses such as Retail Liabilities/ Cash Management ServicesCandidate should have excellent communication skills to interact with Senior/ Top ManagementProactively contribute to the on-going developments and process improvementsAbility to work under pressure and good conflict management skills
Qualifications and relevant experienceShould be CA/ICWA/MBA

Primary LocationTamil Nadu – ChennaiDepartment Risk Management Sub-Department Operational Risk Management Job Type Standard Shift Day Job Schedule Full-time Employee Status Regular Posted On 04.03.2020Work LocationNoc ChennaiYES BANK thanks all the candidates for the interest; however only those selected to continue in the process will be contacted

https://yesbankcareers.skillate.com/careers/jobs/OPE00002A/details

Transaction Banking Group  •  Maharashtra – MumbaiJob DescriptionRole Summary:

The candidate would be a part of Digital transaction banking team, and shall be responsible of

  • Client (CMS / Trade / Treasury) implementation in agreed timelines
  • Program management
  • Running simultaneous implementations
  • Internal / external communications / updates on implementation

Monitoring Revenue / AMB / throughput
Strategic/ Managerial Responsibilities:

Execute CMS / Trade implementation and keep track of the all the projects (Implementation) and constantly apprise all necessary stake holders with latest status  

• Increase volume from clients by repetitive client calling

• Meet / Speak with allocated clients to augment the relationship;

  • Help in early revenue realization from post sales implementation and quick onboarding new clients;
  1. Core Responsibilities:
  • To carry out client implementations (CMS / Trade) in effective manner
  • Project implementation within timelines
  • Ensure no gap between customer requirement and delivered solution
  • Provide effective UAT support to the client
  • 100% adherence to project management standards
  • Collaboration with different stake holders including PRODUCT / IT / Operations for efficient solutioning structure
  • Periodic review with clients to identify solution up tiering
  • Seamless management of multiple projects simultaneously
  • Training to internal stake holders
  • Understanding of products offered and associated processes
  • Buddy coaching to new joiners
  • Provide initial techno functional support for all the allocated client
  • Internal reviews with sales team for effective implementations
  • Revenue /  Throughput Monitoring
  1. Undertake / highlight process / system improvement projects
  2. People Management or Self-Management Responsibilities:
  • To ensure to deal within the applicable RBI regulations and guidelines
  1. Coordinate with multiple stake holders including clients
  2. Risk and Internal Control Responsibilities:
  • Should have knowledge of latest Regulations and Internal compliance policies and guidelines
  • Strict adherence to all regulatory and internal guidelines

QualificationsGraduate. Preferably MBA from reputed institutes
Primary LocationMaharashtra – MumbaiDepartmentTransaction Banking GroupSub-DepartmentDigital Transaction BankingJob TypeStandardShiftDay JobScheduleFull-timeEmployee StatusRegularPosted On 04.03.2020 Work LocationYes Bank Tower MumbaiYES BANK thanks all the candidates for the interest; however only those selected to continue in the process will be contacted

https://yesbankcareers.skillate.com/careers/jobs/DIG000040/login

Canara Bank Recruitment 2020 – Current Job Openings in Canara Bank, Current Private sector job vacancy 2020 Apply sales, Marketing, Finance Post Under Canara Bank – Canara Bank Job Notification, Canara Bank Latest Openings For 2020. Are you looking for Canara Bank jobs 2020, if yes then you are right page? We update all latest news about Canara Bank Recruitment Notification 2020. So all the applicant we are requesting you, please read the full article carefully. Canara Bank is going to release the Recruitment Notification for Banking Sales, Marketing Manager, Customer Service Officer, Client Relationship Executive, Business Development, Corporate Salary Relationship, Area Process Manager, Team Leader, Credit Officer, Process Quality and Investment Relationship Officer Post. Eligible Applicants, who want to fill their application form for these posts, they can visit the official website at www.canarabank.com. Canara Bank Recruitment 2020 – Canara Bank SO, PO, Clerk Jobs 2020 Canara Bank Bharti 2020 All Latest and Upcoming Notifications released on Canara Bank Vacancies 2020-21 are updated right here at this page. Correct Information provided on Canara Bank Recruitment Today is for the benefit of the all eligible applicants and aspirants looking for jobs with Canara Bank PO SO Assistant & Clerk. Visit now at this page to find your dream job through Canara Bank Vacancies 2020-21. All the interested candidates searching for Canara Bank Recruitment 2020 state wise they can check this page for all latest recruitment 2020 updates. Find more details and updates about Canara Bank recruitment 2020, exam results, dates. Here you can find private and government sector jobs vacancies for fresher and experienced candidates. Bookmarks this page to receive daily jobs notification on all jobs 2020 Canara Bank page updated. Available Canara Bank Bharti 2020 – Basic Details Bank Name Canara Bank Advertisement About Canara Bank 2020 Jobs Post Name Banking Sales, Marketing Manager, Customer Service Officer, Client Relationship Executive, Business Development, Corporate Salary Relationship & More Start Date to Apply Canara Bank Jobs Update Soon Last Date to Apply Canara Bank Jobs Update Soon Total Post N/A Location India Apply Mode Online Category Recruitment, Jobs, Bharti Official Website www.canarabank.com Eligibility Criteria for Canara Bank Jobs 2020 Education Qualification Applicants should have passed 12th with Graduation with 55% marks at authorized University and Institutions and then they applicants can eligible for these Jobs. Age Limit Minimum Age Limit: 20 Year Maximum Age: 40 Year Application Fee Details Read Notification carefully Pay Scale As per the Govt Norms Selection Process Written Exam Interview Final Merit List How to apply Canara Bank Recruitment 2020 Online Application Form Candidates visit the official website Click on the Canara Bank Notification 2020 Open it and Read Carefully After that, you can fill the application form Upload the required document. Pay Application Fee Online Mode Submit it Finally, take a printout of Application Form for next uses.

official website at www.canarabank.com