Know Your Customer (KYC) Norms – Clarification on proof of address
Posted Date : 22-Oct-2014 , 09:36:43 pm | Posted By: CASANSAAR
RBI/2014-15/273UBD. BPD (PCB). Cir.No. 22/14.01.062/2014-15
October 22, 2014
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Know Your Customer (KYC) Norms – Clarification on proof of address
Please refer to ourcircular UBD.BPD.(PCB).Cir.No.69/14.01.062/2013-14 dated June 10, 2014on the captioned subject. In this connection we also draw your attention to ourcircular UBD. BPD (PCB). Cir.No. 16/14.01.062/2014-15 dated September 16, 2014, forwarding copi...
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RBI |
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Constitution of Review Committee of Commissioners of Central Excise and Service Tax
Posted Date : 22-Oct-2014 , 09:35:42 pm | Posted By: CASANSAAR
In exercise of the powers conferred by sub-section (1A) of section 86 of theFinance Act, 1994(32 of 1994), the Central Board of Excise and Customs constitutedunder the Central Board of Revenue Act,1963 (54 of 1963) constitutes the followingCommittees consisting of two Commissioners of Central Excise mentioned in column(2) of the Table below to be the Committee, for the areas falling within the jurisdiction ofthe Commissioner of Central Excise (Appeals) mentioned in the corresponding entry incolu...
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Service Tax |
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Due Date for filing of online DVAT return for 2nd quarter of 2014-15 extended to 10/11/2014
Posted Date : 22-Oct-2014 , 09:07:05 pm | Posted By: CASANSAAR
In exercise of the powers conferred under Rule 49A of the Delhi ValueAdded Tax Rules,2005, I, Sanjeev Khirwar, Commissioner, Value Added Tax, dohereby extend the last date of filing of online/hard copy of second quarter returnfor the year 2014-15, in Form DVAT-16 ,DVAT-17 and DVAT-48 along withrequired annexures/enclosures to 10/11/2014....
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VAT |
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Framework for Revitalising Distressed Assets in the Economy – Review of the Guidelines on Joint Lenders’ Forum (JLF) and Corrective Action Plan (CAP)
Posted Date : 21-Oct-2014 , 10:49:43 pm | Posted By: CASANSAAR
RBI/2014-15/271DBOD.BP.BC.No.45/21.04.132/2014-15
October 21, 2014
All Scheduled Commercial Banks(excluding RRBs)All-India Term-lending and Refinancing Institutions(Exim Bank, NABARD, NHB and SIDBI)
Dear Sir,
Framework for Revitalising Distressed Assets in the Economy – Review of the Guidelines on Joint Lenders’ Forum (JLF) and Corrective Action Plan (CAP)
Please refer to the ‘Framework for Revitalising Distressed Assets in the Economy’ issued on our website on Janua...
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RBI |
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Risk Weights for Calculation of CRAR
Posted Date : 21-Oct-2014 , 10:48:57 pm | Posted By: CASANSAAR
RBI/2014-15/270RPCD.CO.RRB.BC.No.35/03.05.33/2014-15
October 21, 2014
All Regional Rural Banks
Dear Sir,
Risk Weights for Calculation of CRAR
Please refer to ourcircular RPCD.CO.RRB.No.BC.44/05.03.095/2007-08 dated December 28, 2007advising RRBs to compute CRAR and disclose it as ‘Notes on Accounts’ to their Balance Sheets. Risk weights to be allotted to various items of assets were enclosed asAnnex Ito the above mentioned circular.
2. In the light of thecircular dated November...
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RBI |
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Regarding determination of place of removal
Posted Date : 20-Oct-2014 , 06:42:31 pm | Posted By: CASANSAAR
Circular No. 988/12/2014-CX
Dated 20.10.2014
F.No.267/49/2013-CX.8
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
*******
The Chief Commissioners of Central Excise (All),
The Chief Commissioners of Central Excise and Customs (All),
Madam/Sir,
Subject: Determination of place of removal - reg.
Attention is invited to Notification No. 21/2014 - CE (NT) dated 11.07.2014videwhich the definition of “place of removal” has been...
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Excise |
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Form ADT-1 is available for filing w.e.f 20th Oct 2014 - MCA
Posted Date : 20-Oct-2014 , 06:36:20 pm | Posted By: CASANSAAR
Form ADT-1 is available for filing w.e.f 20th Oct 2014.ADT-1 should not be filed as attachment to Form GNL-2.Versions of forms 21A and INC-2 have been modified w.e.f 20th Oct. You are requested to plan accordingly.
Provide whether company isfalling underany classof Companiesas perSection 139(2).
WhetherJointAuditorshave beenappointed– Provide Whether joint auditors have been appointed. If yes isselectedthen provide the value forNumberof auditor(s) appointed shall be greater than 1....
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Corporate Laws |
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Fourth Bi-monthly Monetary Policy Statement, 2014-15 – SLR Holdings under Held to Maturity Category
Posted Date : 20-Oct-2014 , 05:57:26 pm | Posted By: CASANSAAR
RBI/2014-15/268RPCD.CO.RRB.BC.No. 34 /03.05.33/2014-15
October 20, 2014
All Regional Rural Banks
Dear Sir,
Fourth Bi-monthly Monetary Policy Statement, 2014-15 –SLR Holdings under Held to Maturity Category
Please refer to paragraph 25 of the Fourth Bi-monthly Monetary Policy Statement, 2014-15extract enclosedannounced on September 30, 2014.
2. In terms of our circularRPCD.CO.RRB.BC.No.25/03.05.33/2014-15 dated August 7, 2014on ‘Monetary Policy Statement 2014-15 – SLR Hold...
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RBI |
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Press Release on the filing of I.A. No. 14 in WP(C) No. 176 of 2009 (Ram Jethmalani & Ors V. Union of India), by Union of India
Posted Date : 20-Oct-2014 , 05:54:58 pm | Posted By: CASANSAAR
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
PRESS RELEASE
18thOctober, 2014
Press Release on the filing of I.A. No. 14 in WP(C) No. 176 of 2009 (Ram Jethmalani & Ors V. Union of India), by Union of India
Union of India has filed I.A. No. 14 seeking the following clarifications with regard to theorders dated 4.7.2011and 1.5.2014, passed by the Hon’ble Supreme Court of India in WP(C) 176 of 2009 (Ram Jethmalani & Ors V. Union...
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Income Tax |
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Regarding import of pesticides
Posted Date : 18-Oct-2014 , 08:31:21 am | Posted By: CASANSAAR
Circular No. 10/2014-Customs
F. No. 450/23/2014-Cus IV
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Excise and Customs)
227 –B, North Block
New Delhi, dated 17.10.2014
To,
All Chief Commissioners of Customs/Customs (Preventive)
All Chief Commissioners of Customs and Central Excise
All Commissioners of Customs
All Commissioners of Customs and Central Excise
Sir / Madam,
Subject :- Import of Pesticides-reg.
Reference is invited to Boa...
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Excise |
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CBDT extends due date of filing TDS/TCS returns in State of Andhra Pradesh, J&K, Odisha and Telangana
Posted Date : 18-Oct-2014 , 08:24:26 am | Posted By: CASANSAAR
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes
PRESS RELEASE
17thOctober, 2014
Last date of filing of the TDS/TCS Statements for the 2ndQuarter ofFinancial year 2014-15 for the deductors/collectors in the States of Andhra Pradesh, Jammu & Kashmir, Odisha & Telangana extended.
In view of the recentnaturalcalamities in the States of Andhra Pradesh, Jammu & Kashmir, Odisha & Telangana, the Central Board of Direct Taxes has issued an ...
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Income Tax |
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Foreign Exchange (Compounding Proceedings) Rules, 2000 (the Rules) - Compounding of Contraventions under FEMA, 1999
Posted Date : 17-Oct-2014 , 07:50:30 am | Posted By: CASANSAAR
RBI/2014-15/266A.P. (DIR Series) Circular No.36
October 16, 2014
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Foreign Exchange Management Act, 1999 (FEMA) Foreign Exchange (Compounding Proceedings) Rules, 2000 (the Rules) - Compounding of Contraventions under FEMA, 1999
Attention of all the Authorised Dealer Category - I (AD Category - I) banks and their constituents is invited toA.P. (DIR Series) Circular no. 117 dated April 4, 2014and the Foreign Exchange (Compounding Proceed...
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Corporate Laws |
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Revisions to Basel II-Advanced Approaches of Operational Risk-TSA and AMA
Posted Date : 17-Oct-2014 , 07:49:36 am | Posted By: CASANSAAR
RBI/2014-15/265DBOD.No.BP.BC.43/21.06.017/2014-15
October 16, 2014
The Chairman and Managing Director /Chief Executive Officer ofAll Scheduled Commercial Banks(Excluding RRBs and Local Area Banks)
Dear Sir,
Revisions to Basel II-Advanced Approaches of Operational Risk-TSA and AMA
Please refer to the Reserve Bank Guidelines on Basel II-Advanced Approaches of Operational Risk as contained in circulars dated March 31, 2010 on ‘Implementation of The Standardised Approach (TSA) for Calcula...
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RBI |
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General Circular dated 15.10.2014: Company Law Settlement Scheme, 2014 (CLSS-2014) - Clarification u/s 164(2) of the Companies Act, 2013
Posted Date : 16-Oct-2014 , 07:55:28 am | Posted By: CASANSAAR
General Circular 41, dated 15.10.2014: Company Law Settlement Scheme, 2014 (CLSS-2014) - Clarification u/s 164(2) of the Companies Act, 2013...
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Corporate Laws |
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Company Law Settlement Scheme, 2014 has now been extended till 15 Nov.2014
Posted Date : 15-Oct-2014 , 11:39:23 pm | Posted By: CASANSAAR
Company Law Settlement Scheme, 2014 has now been extended till 15 Nov.2014...
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Corporate Laws |
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Clarification on matters relating to Consolidated Financial Statement - MCA
Posted Date : 15-Oct-2014 , 03:21:54 pm | Posted By: CASANSAAR
Government has received representations from stakeholders seekingclariflcations on the manner of presentation of notes in Consolidated FinancialStatement (CFS) to be prepared under Schedule III to the Companies Act,2013(Act). These representations have been examined in consultation with thelnstitute of Chartered Accountants of India (ICAI) and it is clarified that Schedulelll to the Act read with the applicable Accounting Standards does not envisagethat a company while preparing its cFS merely r...
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Corporate Laws |
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The Companies (Audit and Auditors) Amendment Rules, 2014.
Posted Date : 15-Oct-2014 , 08:29:31 am | Posted By: CASANSAAR
In exercise of powers conferred by sub-sections (1), (2) and (4) of section 139, sub-sections (1) and (2) of section 140, sub-section (3) of section 141, sub-sections (2), (3), (8) and (12) of section 143, sub-section (3) of section 148 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules to amend the Companies (Audit and Auditors) Rules, 2014, namely:-1. (1) These rules may be called the Companies (Aud...
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Corporate Laws |
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The Companies (Accounts) Amendment Rules, 2014
Posted Date : 15-Oct-2014 , 08:27:53 am | Posted By: CASANSAAR
In exercise of the powers conferred by sub-sections (1) and (3) of section 128, sub-section (3) of section 129, section 133, section 134, sub-section (4) of section 135, sub-section (1) of section 136, section 137 and section 138 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules to amend the Companies (Accounts) Rules, 2014, namely:-1. (1) These rules may be called the Companies (Accounts) Amendment Rules, 2014.(2) They shall c...
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Corporate Laws |
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Refund of deposit under section 160 of the Companies Act, 2013 in certain cases.
Posted Date : 15-Oct-2014 , 08:25:25 am | Posted By: CASANSAAR
Ctarity has been sought by companies registered under section 8 oI theCompanies Act, 2013 (corresponding to section 25 of Companies Act, 1956)about the manner in which the amount of deposit of rupees one lakh receivedby them under sub-section (l) of section 160 of the Companies Act, 2013 (Act)is to be handled if the depositor fails to secure more than twenty hve per centof the total valid votes. It has been noted that the relevant provision is silent onsuch issue....
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Corporate Laws |
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Clarification with regard to Trust / Trustee as a partner in the Limited Liability Partnerships (LLPS)
Posted Date : 15-Oct-2014 , 08:23:39 am | Posted By: CASANSAAR
Clarifications have been sought on whether a trust or a trustee representing a trustin the case of "Real Estate Investment Trust" (REIT) or "lnfrastructure Investment Trust"(lnvlTs) or such other lrusls set up under lhe regulalions prescribed under the Securities &Exchange Board of lndia Act, 1992, can become a partner in an LLP...
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Corporate Laws |
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Levy of service tax on activities involved in relation to inward remittances from abroad to beneficiaries in India through MTSOs
Posted Date : 14-Oct-2014 , 10:05:21 pm | Posted By: CASANSAAR
Circular No. 180/06/2014 –ST
F. No 354/105/2012-TRU (Pt.)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Tax Research Unit
Room No 153, North Block, New Delhi
Dated 14th October, 2014
To
Chief Commissioner of Customs and Central Excise (All)
Chief Commissioner of Central Excise & Service Tax (All)
Director General of Service Tax
Director General of Central Excise Intelligence
Director General of Audit
Commissioner of Cus...
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Service Tax |
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Discontinuation of Certain Reports - Service Tax
Posted Date : 14-Oct-2014 , 10:03:22 pm | Posted By: CASANSAAR
Instruction
F. No. 354/156/2014-TRU
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise Customs
Dated: 10th October, 2014
To
All Chief Commissioners of Customs/Central Excise & Customs/Central Excise
All Commissioners of Customs/ Central Excise & Customs/Central Excise
All Directors General of CBEC/CDR, CESTAT
Sir,
Subject: Discontinuation of Certain Reports
I am directed to say that TRU receives following monthly reports from field formatio...
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Service Tax |
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SEBI issues guidelines for implementing revised norms for single registration of Stock Brokers
Posted Date : 14-Oct-2014 , 08:52:52 am | Posted By: CASANSAAR
Please find enclosed the Notification No. LAD-NRO/GN/2014-15/15/1671 datedOctober 08, 2014 amending the SEBI (Stock Brokers and Sub-Brokers) Regulations,1992 (hereinafter referred to as Broker Regulations). As per the amendment, theexisting requirement of obtaining registration as stock broker/ clearing member foreach stock exchange/ clearing corporation has been done away with and instead asingle registration with any stock exchange/ clearing corporation shall be required. Foroperating in any o...
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SEBI |
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KYC – clarification on proof of address
Posted Date : 14-Oct-2014 , 08:27:50 am | Posted By: CASANSAAR
RBI/2013-14/264DBOD.AML No.5487/14.01.001/2014-15
October 13, 2014
The Chairperson/CEOs of all Scheduled Commercial Banks(Excluding RRBs)/Local Area Banks / All India Financial Institutions
KYC – clarification on proof of address
Please refer to ourcircular DBOD.AML.BC. No. 119/14.01.001/2013-14 dated June 9, 2014on the above mentioned subject. In this regard we also draw your attention to our letter datedDBOD. AML. No. 3356/14.01.001/2014-15 dated September 4, 2014, forwarding copies ...
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RBI |
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Internet Banking (View Only) Facility for Customers of UCBs
Posted Date : 14-Oct-2014 , 08:27:06 am | Posted By: CASANSAAR
RBI/2014-15/262UBD.BPD. (PCB). Cir No. 21/09.18.300/2014-15
October 13, 2014
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Internet Banking (View Only) Facility for Customers of UCBs
Please refer tocircular UBD.BPD. (SCB). Cir. No. 1/09.18.300/2011-12 dated September 26, 2011on Internet Banking for Customers of UCBs, in terms of which scheduled UCBs satisfying certain criteria such as minimum networth of Rs.100 crores, CRAR of at least 10%, net NPA less ...
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RBI |
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Review of norms for classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM)
Posted Date : 14-Oct-2014 , 08:26:24 am | Posted By: CASANSAAR
RBI/2014-15/261UBD.CO.LS (PCB) Cir.No.20/07.01.000/2014-15
October 13, 2014
Chief Executive Officers of allPrimary (Urban) Co-operative Banks
Madam / Dear Sir
Review of norms for classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM)
Please refer to ourcircular UBD.CO.LS.(PCB).Cir.No.24/07.01.000/2013-14 dated October 1, 2013wherein the eligibility criteria for FSWM UCBs were laid down.
2. In this connection, attention of UCBs is invited to our circu...
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RBI |
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Usage of ATMs –Rationalisation of number of free transactions - Clarifications
Posted Date : 11-Oct-2014 , 07:55:05 am | Posted By: CASANSAAR
RBI/2014-15/260DPSS.CO.PD.No.659/02.10.002/2014-2015
October 10, 2014
The Chairman and Managing Director / Chief Executive OfficersAll Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks
Madam / Dear Sir,
Usage of ATMs –Rationalisation of number of free transactions - Clarifications
A reference is invited to thecircular DPSS.CO.PD.No. 316/02.10.002/2014-2015 dated August 14, 2014on the captioned subject. T...
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Category :
FEMA |
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Clarification regarding allowability of deduction under section 10 A/ 10AA on transfer of Technical Man-power in the case of software industry
Posted Date : 09-Oct-2014 , 10:51:30 pm | Posted By: CASANSAAR
F. No. 178/84/2012-ITA.I
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
Circular No. 14/2014
New Delhi, the 8th October, 2014
Subject : Clarification regarding allowability of deduction under section 10 A/ 10AA on transfer of Technical Man-power in the case of software industry.
CBDT had issuedCircular No.12/2014 dated 18thJuly, 2014to clarify that mere transfer or re-deployment of existing technical manpower from an existing unit to a new...
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Income Tax |
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Regarding Audit by officers of Central Excise
Posted Date : 09-Oct-2014 , 10:48:45 pm | Posted By: CASANSAAR
Circular No. 986/ 10/ 2014-CX
dated09.10.2014
F. No. 206/10/2014-CX.6
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS
To
The Chief Commissioners of Central Excise (All)
Sub: Audit by officers of Central Excise-reg.
Doubts have been raised in certain quarters regarding powers of a Central Excise officer to conduct audit, in the background of a recent judgment ofHon’bleHigh Court of Delhi dated 04.08.2014 in case of M/sTra...
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Category :
Excise |
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Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses
Posted Date : 09-Oct-2014 , 10:40:53 pm | Posted By: CASANSAAR
RBI/2013-14/257A. P. (DIR Series) Circular No.35
October 9, 2014
To,
All Authorised Dealer Category - I Banks
Madam / Sir,
Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to theA.P. (DIR Series) Circular No. 28 [A. P. (FL/RL Series) Circular No. 02] dated February 6, 2008and theAnnexto the A.P. (DIR Series) Cir...
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RBI |
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