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Registration of two or more premises as one registrant in Central Excise
Posted Date : 02-Mar-2016 , 08:00:48 am | Posted By: CASANSAAR

F.No. 96/18/2016-CX.1 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs ********* New Delhi, dated the 29th February, 2016 To Principal Chief Commissioner / Chief Commissioner of Central Excise (All), Principal Chief Commissioner / Chief Commissioner of Central Excise and Service Tax (All), Principal Commissioner of Central Excise, Service Tax (All), Web-master, CBEC Madam/sir, Subject : Registration of two or more premises a...

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Category : Excise | Comments : 0 | Hits : 458

Service Tax Notifications 08/2016-Service Tax to 19/2016-Service Tax
Posted Date : 02-Mar-2016 , 07:57:27 am | Posted By: CASANSAAR

19/2016-Service Tax dt. 01-03-2016. (Seeks to amend Service Tax Rules, 1994.) CLICK HERE 18/2016-Service Tax dt. 01-03-2016. (Seeks to amend notification No. 30/2012-Service Tax dated 20th June, 2012, so as to prescribe, the extent of service tax payable by the service provider and any other person liable for paying service tax other than the service provider) CLICK HERE 17/2016-Service Tax dt. 01-03-2016 (Seeks to bring into effect certain provisions of notification No. 05/2015-ST da...

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Category : Service Tax | Comments : 0 | Hits : 12868

RBI Master Circular – Basel III Capital Regulations - Revision
Posted Date : 01-Mar-2016 , 08:06:43 pm | Posted By: CASANSAAR

RBI/2015-16/331 DBR.No.BP.BC.83/21.06.201/2015-16 March 1, 2016 All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Madam / Sir, Master Circular – Basel III Capital Regulations - Revision Please refer toMaster Circular DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015on ‘Basel III Capital Regulations’. The treatment of certain balance sheet items, as per the extant regulations on banks’ capital, differs from what is pre...

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Category : RBI | Comments : 0 | Hits : 392

Review of Prudential Guidelines - Revitalising Stressed Assets in the Economy
Posted Date : 27-Feb-2016 , 08:50:09 am | Posted By: CASANSAAR

RBI/2015-16/330 DBR.BP.BC.No.82/21.04.132/2015-16 February 25, 2016 All Scheduled Commercial Banks (excluding RRBs) All-India Term-lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Review of Prudential Guidelines - Revitalising Stressed Assets in the Economy The Reserve Bank of India has issued various guidelines aimed at revitalising the stressed assets in the economy. The measures taken by the Reserve Bank include Strategic Debt Restructuring ...

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Category : RBI | Comments : 0 | Hits : 291

Chartered Accountant Procedures of Meetings of Quality Review Board
Posted Date : 27-Feb-2016 , 08:43:42 am | Posted By: CASANSAAR

Chartered Accountant Procedures of Meetings of Quality Review Board , and Terms and Conditions of Service and Allowances of the Chair Person and Members of the Board (Amendment Rules), 2016. CLICK ON THE LINK...

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Category : Companies Act | Comments : 0 | Hits : 493

CBDT notifies Atal Pension Yojana u/s 80CCD
Posted Date : 23-Feb-2016 , 08:27:07 am | Posted By: CASANSAAR

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 7/2016 New Delhi, Date: 19thFebruary, 2016 Income-tax S. O. 529(E).-In exercise of the powers conferred by sub-section (1) of section 80CCD of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the ‘Atal Pension Yojana (APY)’ as published in the Gazette of India, Extraordinary, Part I, Section 1, vide number F.No. 16/1/2015-PR dated the 16th Octo...

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Category : CBDT | Comments : 0 | Hits : 1023

NBFC – Factors (Reserve Bank) Directions, 2012 – Review
Posted Date : 20-Feb-2016 , 07:52:04 am | Posted By: CASANSAAR

RBI/2015-16/326 DNBR.CC.PD.No.074/03.10.01/2015-16 February 18, 2016 To All Non-Banking Financial Companies (NBFCs) – Factors. NBFC – Factors (Reserve Bank) Directions, 2012 – Review The Reserve Bank of India had reviewed the guidelines on provision of factoring services by banks and specified certain conditions under which banks can departmentally undertake factoring activities. To ensure against regulatory gaps/ arbitrage if any, arising from differential regu...

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Category : RBI | Comments : 0 | Hits : 309

Frauds - Future approach towards monitoring of frauds in NBFCs
Posted Date : 20-Feb-2016 , 07:51:17 am | Posted By: CASANSAAR

RBI/2015-16/327 DNBR (PD) CC.No.075/03.10.001/2015-16 February 18, 2016 All Deposit taking NBFCs (including RNBCs) and NBFCs- ND-SI Madam/ Sir, Frauds - Future approach towards monitoring of frauds in NBFCs Please refer tocirculars DNBS.PD.CC.No.127/ 03.10.42/2008-09 dated August 14, 2008,DNBS.PD.CC.No.256/03.10.042/2011-12 dated March 02, 2012andDNBS.PD.CC.No.314/03.10.042/2012-13 dated Dece...

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Category : RBI | Comments : 0 | Hits : 316

MCA invites comments on draft Companies (Incorporation) Second Amendment Rules 2016
Posted Date : 20-Feb-2016 , 07:38:34 am | Posted By: CASANSAAR

1. The draft CompaniesCOMPANIES(Incorporation) SecondAMENDMENT RULES 2016 i.e. conversion of unlimited liability company into limited liability companyhas been placed on the Ministry’s website at www.mca.gov.in. It has been decided to invite suggestions/comments on the above draft. 2. Suggestions/comments on above mentioned draft along with justification in brief may be sent latest by 02.03.2016 through email atconv.ulc@mca.gov.in It is requested that the name, Telephone number and ad...

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Category : Companies Act | Comments : 0 | Hits : 444

MCA invites comments on draft Companies (Authorised to Registered) Amendment Rules 2016
Posted Date : 20-Feb-2016 , 07:36:45 am | Posted By: CASANSAAR

1.. The draft Companies (Authorised to Registered) Amendment Rules, 2016 has been placed on the Ministry’s website at www.mca.gov.in. It has been decided to invite suggestions/comments on the above draft. 3. Suggestions/comments on above mentioned draft along with justification in brief may be sent latest by 02.03.2016 through email atconv.firm@mca.gov.in It is requested that the name, Telephone number and address of the sender should be indicated clearly at the time of sending sugges...

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Category : Companies Act | Comments : 0 | Hits : 332

MCA invites comments on draft Companies (Indian Accounting Standards) amendment rules 2016
Posted Date : 17-Feb-2016 , 08:14:18 am | Posted By: CASANSAAR

1. The draft Companies (Indian Accounting Standards) Amendment Rules, 2016 has been placed on the Ministry’s website at www.mca.gov.in. It has been decided to invite suggestions/comments on the above draft. 3. Suggestions/comments on above mentioned draft along with justification in brief may be sent latest by 1st March, 2016 through email at cindas@mca.gov.in. It is requested that the name, Telephone number and address of the sender should be indicated clearly at the time of sending su...

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Category : Companies Act | Comments : 0 | Hits : 442

MCA invites comments on draft Companies (Accounting Standards) amendment rules 2016
Posted Date : 17-Feb-2016 , 08:12:26 am | Posted By: CASANSAAR

1. The draft Companies (Accounting Standards) Amendment Rules, 2016 has been placed on the Ministry’s website at www.mca.gov.in. It has been decided to invite suggestions/comments on the above draft. 3. Suggestions/comments on above mentioned draft along with justification in brief may be sent latest by 1st March, 2016 through email at cas@mca.gov.in. It is requested that the name, Telephone number and address of the sender should be indicated clearly at the time of sending suggestions/...

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Category : Companies Act | Comments : 0 | Hits : 441

Legal Guardianship Certificates issued under the Mental Health Act, 1987
Posted Date : 12-Feb-2016 , 07:51:48 am | Posted By: CASANSAAR

RBI/2015-16/321 DBR.No.Leg.BC.78/09.07.005/2015-16 February 11, 2016 The Chairman/Chief Executives (All Scheduled Commercial Banks other than RRBs) Dear Sir, Legal Guardianship Certificates issued under the Mental Health Act, 1987 Please refer toCircular DBOD.No.Leg.BC.84/09.07.005/2013-14 dated January 13, 2014wherein banks were advised, inter alia, to take note of the legal provisions in the Mental Health Act, 1987 and that they may rely on and be guided by the orders/certific...

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Category : RBI | Comments : 0 | Hits : 362

Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards
Posted Date : 12-Feb-2016 , 07:50:46 am | Posted By: CASANSAAR

RBI/2015-16/320 DBR. BP. BC. No. 77/21.04.098/2015-16 February 11, 2016 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards Please refer to ourcirculars DBOD.BP.BC.No.120/21.04.098/2013-14 dated June 9, 2014andDBR.BP.BC.No.52/21.04.098/2014-15 dated November 28, 2014on ‘Basel III Framework on Liquidity Standards – Liqui...

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Category : RBI | Comments : 0 | Hits : 370

Regulatory Relaxations for Startups- Clarifications relating to Issue of Shares
Posted Date : 12-Feb-2016 , 07:50:01 am | Posted By: CASANSAAR

RBI/2015-16/319 A.P. (DIR Series) Circular No. 52 February 11, 2016 To, All Authorised Dealer Category – I Banks Madam/Sir, Regulatory Relaxations for Startups- Clarifications relating to Issue of Shares Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000, notified by the Reserve Bank videNotification No. FEMA. 20/2000-RB dated ...

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Category : RBI | Comments : 0 | Hits : 998

Regulatory relaxations for start-ups- Clarifications relating to acceptance of payments
Posted Date : 12-Feb-2016 , 07:49:05 am | Posted By: CASANSAAR

RBI/2015-16/318 A.P. (DIR Series) Circular No. 51 February 11, 2016 To, All Authorised Dealer Category – I Banks Madam/Sir, Regulatory relaxations for start-ups- Clarifications relating to acceptance of payments Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to the Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2000, notified by the Reserve Bank videNotification No. FEMA. 10 (R) /2015-RB da...

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Category : RBI | Comments : 0 | Hits : 389

Compilation of R-Returns: Reporting under FETERS
Posted Date : 12-Feb-2016 , 07:48:20 am | Posted By: CASANSAAR

RBI/2015-16/317 A.P. (DIR Series) Circular No. 50 February 11, 2016 To, All Authorised Dealers in Foreign Exchange Madam / Sir, Compilation of R-Returns: Reporting under FETERS Attention of Authorised Dealer (Category I) banks is invited toA.P.(DIR Series) Circular No.84 dated February 29, 2012giving guidelines for compilation of R-Returns for reporting under the Foreign Exchange Transactions Electronic Reporting System (FETERS),A.P.(DIR Series) Circular No.101 dated February ...

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Category : RBI | Comments : 0 | Hits : 1009

Withdrawal of all old series of Banknotes issued prior to 2005
Posted Date : 12-Feb-2016 , 07:47:27 am | Posted By: CASANSAAR

RBI/2015-16/316 DCM (Plg) No.G- 9/2856/10.27.00/2015-16 February 11, 2016 The Chairman / Managing Director / Chief Executive Officer All State Co-operative Banks / District Central Co-operative Banks Madam / Dear Sir, Withdrawal of all old series of Banknotes issued prior to 2005 Please refer to ourcircular DCM (Plg) No.G-15/5486/10.27.00/2014-15 dated June 26, 2015and thePress Release dated June 25, 2015on the captioned subject. 2. On a review of the matter, it has been deci...

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Category : RBI | Comments : 0 | Hits : 566

Implementation of Indian Accounting Standards (Ind AS) - RBI
Posted Date : 12-Feb-2016 , 07:46:39 am | Posted By: CASANSAAR

RBI/2015-16/315 DBR.BP.BC.No.76/21.07.001/2015-16 February 11, 2016 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Implementation of Indian Accounting Standards (Ind AS) The Ministry of Corporate Affairs (MCA), Government of India has notified the Companies (Indian Accounting Standards) Rules, 2015 on February 16, 2015. A reference is also invited to the Press Release dated January 18, 2016 issued by the MCA outlining the roadmap for implementa...

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Category : RBI | Comments : 0 | Hits : 604

Issuance of online TDS Certificate u/s 195(2) and 195(3) - CBDT
Posted Date : 10-Feb-2016 , 08:04:50 am | Posted By: CASANSAAR

TDS certificates under Sec. 195 would now be issued online: CBDT...

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Category : CBDT | Comments : 0 | Hits : 1839

Amendments effective 11.2.2016 to the All Industry Rates of Duty Drawback
Posted Date : 10-Feb-2016 , 07:59:38 am | Posted By: CASANSAAR

The Government considered representations, feedback and data related to the All Industry Rates (AIR) of Duty Drawback that took effect on 23.11.2015 and has notified certain changes vide Notification No. 22/2016- Customs (N.T.) dated 08.2.2016. These changes take effect from 11.02.2016. The notification should be downloaded from www.cbec.gov.in and perused. The changes made, inter-alia, include –...

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Category : Custom | Comments : 0 | Hits : 452

NOTICE INVITING COMMENTS ON THE REVISED SCHEDULE III TO THE COMPANIES ACT, 2013
Posted Date : 10-Feb-2016 , 07:58:12 am | Posted By: CASANSAAR

1. The draft revised Schedule III to the Companies Act, 2013 for a company whose financial statements are drawn up in compliance of companies (Indian Accounting Standards) Rules, 2015 and as amended from time to time has been placed on the Ministry’s website at www.mca.gov.in. It has been decided to invite suggestions/comments on the above draft. 2. Suggestions/comments on above mentioned draft along with justification in brief may be sent latest by 23rd February, 2016 through email at ...

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Category : Companies Act | Comments : 0 | Hits : 488

NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (AUDITOR’S REPORT) ORDER, 2016
Posted Date : 10-Feb-2016 , 07:54:39 am | Posted By: CASANSAAR

The Ministry had set-up a Committee on 16th September, 2015 to examine and recommend matter for inclusion in the statement to be attached with Auditor’s Report under Section 143(11) of the Companies Act, 2013 for the financial year 2015-16 onwards. The said Committee has since made recommendations in the matter. 2. The draft Companies (Auditor’s Report) Order, 2016 has been placed on the Ministry’s website at www.mca.gov.in. It has been decided to invite suggestions/comments...

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Category : Companies Act | Comments : 0 | Hits : 557

Post Office (Postal Orders/Money Orders), 2015
Posted Date : 05-Feb-2016 , 08:26:31 am | Posted By: CASANSAAR

RBI/2015-16/314 A.P. (DIR Series) Circular No.49/2015-16 [(1)/18(R)] February 04, 2016 To All Category - I Authorised Dealers and Authorised Banks Madam/ Sir Post Office (Postal Orders/Money Orders), 2015 Attention of Authorised Dealers (ADs) is invited toNotification No. FEMA. 18(R)/2015-RB dated December 29, 2015notified vide G.S.R. No.1009 (E) dated December 29, 2015, which supersedes the Notification No. FEMA.18/2000-RB. 2. Synopsis of the new regulations is given as un...

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Category : FEMA | Comments : 0 | Hits : 480

Definition of "Currency", 2015
Posted Date : 05-Feb-2016 , 08:25:50 am | Posted By: CASANSAAR

RBI/2015-16/313 A.P. (DIR Series) Circular No.48/2015-16 [(1)/15(R)] February 04, 2016 To All Category - I Authorised Dealers and Authorised Banks Madam/ Sir Definition of "Currency", 2015 Attention of Authorised Dealers (ADs) is invited toNotification No. FEMA. 15(R)/2015-RB dated December 29, 2015notified vide G.S.R. No.1008 (E) dated December 29, 2015, which supersedes the Notification No. FEMA 15/2000-RB. 2. Synopsis of the new regulations is given as under: ...

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Category : FEMA | Comments : 0 | Hits : 407

Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015
Posted Date : 05-Feb-2016 , 08:25:14 am | Posted By: CASANSAAR

RBI/2015-16/312 A.P. (DIR Series) Circular No.47/2015-16 [(1)/11(R)] February 04, 2016 To All Category - I Authorised Dealers and Authorised Banks Madam/ Sir Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015 Attention of Authorised Dealers (ADs) is invited to Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015 notified videNotification No. FEMA. 11(R)/2015-RB dated December 29, 2015, c.f. G.S.R...

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Category : FEMA | Comments : 0 | Hits : 497

Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2015
Posted Date : 05-Feb-2016 , 08:24:12 am | Posted By: CASANSAAR

RBI/2015-16/311 A.P. (DIR Series) Circular No.46/2015-16 [(1)/9(R)] February 04, 2016 To All Category - I Authorised Dealers and Authorised Banks Madam/ Sir Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2015 Attention of Authorised Dealers (ADs) is invited to Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2015 notified videNotification No. FEMA. 9(R)/2015-RB dated D...

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Category : FEMA | Comments : 0 | Hits : 384

Foreign Exchange Management (Export and Import of Currency) Regulations, 2015
Posted Date : 05-Feb-2016 , 08:23:26 am | Posted By: CASANSAAR

RBI/2015-16/310 A.P. (DIR Series) Circular No. 45/2015-16 [(1)/6(R)] February 04, 2016 To All Authorised Persons Madam/ Sir Foreign Exchange Management (Export and Import of Currency) Regulations, 2015 Attention of Authorised Persons is invited to Foreign Exchange Management (Export and Import of Currency) Regulations, 2015 notified videNotification No. FEMA.6(R)/ 2015-RB dated December 29, 2015, c.f. G.S.R. No.1004 (E) dated December 29, 2015, which supersedes the Foreign Exc...

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Category : FEMA | Comments : 0 | Hits : 417

Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2015
Posted Date : 05-Feb-2016 , 08:22:48 am | Posted By: CASANSAAR

RBI/2015-16/309 A.P. (DIR Series) Circular No.44/2015-16 [(1)/10(R)] February 04, 2016 To All Category - I Authorised Dealers and Authorised Banks Madam/ Sir Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2015 Attention of Authorised Dealers (ADs) is invited toA.D.(M.A. Series) Circular No. 11 dated May 16, 2000in terms of which ADs were advised of various Rules, Regulations, Notifications/ Directions issued under the Foreign...

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Category : RBI | Comments : 0 | Hits : 392

Foreign Exchange Management (Acquisition and Transfer of Immovable Property outside India) Regulations, 2015
Posted Date : 05-Feb-2016 , 08:21:58 am | Posted By: CASANSAAR

RBI/2015-16/308 A.P. (DIR Series) Circular No. 43/2015-16 [(1)/7(R)] February 04, 2016 To All Category - I Authorised Dealer and Authorised Banks Madam/ Sir Foreign Exchange Management (Acquisition and Transfer of Immovable Property outside India) Regulations, 2015 Attention of Authorised Dealers (ADs) is invited toA.D.(M.A. Series) Circular No. 11 dated May 16, 2000in terms of which ADs were advised of various Rules, Regulations, Notifications/ Directions issued under the For...

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Category : FEMA | Comments : 0 | Hits : 420

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