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The Reserve Bank of India (RBI) on Wednesday directed banks with currency chests to get the working condition of their security-related gadgets such as CCTV cameras checked once in a fortnight.
Modifying its November 2008 norms, the RBI said all the banks having currency chests should ensure conducting of fire audit bi-annually (once in two years) by officials from the District Fire Department.
"The banks may also ensure... the hotline and other security-related gadgets viz. access control, CCTV, etc are checked once in a fortnight by the CC (currency chest) officials," the central bank said in a notification.
Earlier, the banks were advised to maintain a smoke detection and fire alarm as also a fire fighting system in a good working order through service contracts.
In another notification on acceptance of deposits by Indian companies from a person resident outside India for nomination as director, it said such deposits do not require approval from the central bank.
"...keeping deposits with an Indian company by persons resident outside India, in accordance with Section 160 of the Companies Act, 2013, is a current account (payment) transaction and, as such, does not require any approval from RBI."
"All refunds of such deposits, arising in the event of selection of the person as director or getting more than 25 per cent votes, shall be treated similarly," it said.
Under Section 160, it is provided that a person who intends to nominate himself or any other person as a director in an Indian company is required to place a deposit with the said company.
The RBI issued the clarification as there was "ambiguity" on whether such deposits require any specific approval from the central bank in cases where deposits are received from a person resident outside India.
Banks Asked to Check Working of Security Gadgets Every 15 Days - NDTV.com
Modifying its November 2008 norms, the RBI said all the banks having currency chests should ensure conducting of fire audit bi-annually (once in two years) by officials from the District Fire Department.
"The banks may also ensure... the hotline and other security-related gadgets viz. access control, CCTV, etc are checked once in a fortnight by the CC (currency chest) officials," the central bank said in a notification.
Earlier, the banks were advised to maintain a smoke detection and fire alarm as also a fire fighting system in a good working order through service contracts.
In another notification on acceptance of deposits by Indian companies from a person resident outside India for nomination as director, it said such deposits do not require approval from the central bank.
"...keeping deposits with an Indian company by persons resident outside India, in accordance with Section 160 of the Companies Act, 2013, is a current account (payment) transaction and, as such, does not require any approval from RBI."
"All refunds of such deposits, arising in the event of selection of the person as director or getting more than 25 per cent votes, shall be treated similarly," it said.
Under Section 160, it is provided that a person who intends to nominate himself or any other person as a director in an Indian company is required to place a deposit with the said company.
The RBI issued the clarification as there was "ambiguity" on whether such deposits require any specific approval from the central bank in cases where deposits are received from a person resident outside India.
Banks Asked to Check Working of Security Gadgets Every 15 Days - NDTV.com
