OPEC main Abdalla Salem el-Badri warned that the standoff between Iran and the West could damage the overall world economy and oil investments. It had been his most lethal warning until yet defining the escalating tensions between Iran and U.S./European Union over the contradictory assumptions on the nuclear propaganda by the center Eastern country. 150 a barrel, which would pinch the already groaning world overall economy definitively.
As U.S. and Europe thatch up a plan to stop Tehran from continuing with its nuclear program, Iran is adamantly resisting the essential oil embargo by threatening to close the key shipping transport line of Strait of Hormuz. The uprising in the oil markets will not benefit anybody, as you will see a whole great deal of volatility and less extra capacity, although Saudi Arabia has promised to fill in the gap triggered by the Iran disruption.
100 a barrel because of the Iran tensions. Year Producers are expecting higher incomes following Arab disruptions last. However, el-Badri managed to get clear that he will not want OPEC members to take advantage and generate revenue from the conflict. Following the Iran-Saudi debate in 2011, OPEC prefers to stay away from the present oil embargo concentrate and conflict as an economic institution. Isolating itself from the problem, it would prefer not to take sides on either Iran or the West.
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El-Badri expressed optimism that the tensions would resolve since the Western countries know about the consequences linked with Iran conflict. The Iran essential oil embargo is a part of sanctions by Europe whereby EU countries are prohibited from purchasing Iranian oil. In retaliation, Iran has threatened to close the Strait of Hormuz by which a fifth of the world’s oil is transported. Tensions between Iran and Western nations are embroiled with dangers giving birth to politics and economic instability and military activity to keep carefully the strait open up.
13. Would CICs-ND-SI require NOC in conditions of Regulation 7 of the FEMA (Transfer or Problem of Any Foreign Security) Amendment Regulations Act 2004 in the event they want to invest overseas? A: Yes, as they are regulated by RBI, they might require NOC from Department of Non-Banking Supervision (DNBS) for making investments in the financial sector.
However, a signed up CIC making investments in the non-financial sector do not need to obtain prior authorization from the Department of Non-Banking Supervision (DNBS), RBI. It’ll only need to report such investments to the Department within 30 days of such investment. 14. Do CICs which are exempt from sign up, and investing overseas need NOC from DNBS? 15. Whether NBFCs already signed up with the Bank as category “B” company whose asset size is below Rs. 100 crore but satisfying the CIC requirements, can seek voluntary deregistration (therefore companies aren’t otherwise necessary to get registered with the lender under the new norms)?
If so, which source should be relied upon in certificate from the Statutory auditor or audited balance sheet for one year or more? Ans: Yes, CICs currently registered with the lender but satisfying the criteria for exemption under Notification No 220 dated January 05, 2010 can seek voluntary deregistration. Both audited balance sheet and auditor’s certificate are required to be submitted for the purpose.
16. Whether CICs having asset size below Rs. 100 crore are regulated by the Reserve Bank or investment company? Ans: CICs having asset size of below Rs 100 crore are exempted from enrollment and rules from the Reserve Bank or investment company, except if they wish to make overseas investments in the financial sector. 17. As per this is of CIC, only investment/loans/debts in group companies is qualified to receive computing 90% exposures?
What treatment is usually to be directed at the company’s investment in the group’s collaboration concerns? Ans: CICs are prohibited from adding capital to any relationship firm or to be partners in partnership firms including Limited Liability Partnerships (LLPs) or any association of persons similar in nature to partnership firms. 18. If an organization is unlisted, would the terms of block deals apply?
What is the minimum quantity/value of stocks transferred for this to be defined as a block deal/block sale? A: The term used in the CIC circulars is block sale and not block the deal, which has been described by SEBI. In the framework of the round, a stop sale will be a long-term or proper sale made for purposes of disinvestment or investment and not for short-term trading.