RBI Circular - Master Circular – ';Non-Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015';.
Posted Date : 12-Jun-2015 , 11:10:24 am | Posted By: Aarti Sharma
RBI/2014-15/630
DNBR (PD) CC No.038/03.01.001/2014-15
June 03, 2015
To
All Non-Systemically Important Non-Deposit taking NBFCs,
Dear Sirs,
Master Circular – ';Non-Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015';.
As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated circulars / notifications. The i...
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RBI Circular - Master Circular – “Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015â€
Posted Date : 12-Jun-2015 , 11:06:58 am | Posted By: Aarti Sharma
RBI/2014-15/629
DNBR (PD) CC No. 037/03.01.001/2014-15
June 11, 2015
To
All Systemically Important Non-Deposit taking NBFCs,
Dear Sirs,
Master Circular – “Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015”
As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated circulars / notifications. The instructi...
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RBI Circular - Master Circular – ';Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions, 2011';.
Posted Date : 12-Jun-2015 , 11:03:27 am | Posted By: Aarti Sharma
RBI/2014-15/631
DNBR (PD) CC No. 039/03.01.001/2014-15
June 11, 2015
To
All NBFCs
Dear Sirs,
Master Circular – ';Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions, 2011';.
As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated circulars / notifications. The instructions ...
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RBI Circular - Amendment to Prevention of Money Laundering (Maintenance of Records) Rules, 2005 – additional documents for the limited purpose of ‘proof of address’
Posted Date : 12-Jun-2015 , 10:59:10 am | Posted By: Aarti Sharma
RBI/2014-15/633
DBR. AML.BC. No.104/14.01.001/2014-15
June 11, 2015
The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All authorised persons including those who are agents of Money Transfer Service Scheme
Dear Mada...
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RBI Circular - Guidelines on Sale of Financial Assets to Securitisation Company (SC)/Reconstruction Company (RC) and Related Issues
Posted Date : 12-Jun-2015 , 10:57:54 am | Posted By: Aarti Sharma
RBI/2014-15/634
DBR.No.FID.5/01.02.00/2014-15
June 11, 2015
All-India Term Lending and Refinancing Institutions
(Exim Bank, NABARD, NHB and SIDBI)
Dear Sir,
Guidelines on Sale of Financial Assets to Securitisation Company (SC)/Reconstruction Company (RC) and Related Issues
Please refer toparagraph 3.4of circular DBOD.BP.BC.No.98/21.04.132/2013-14 dated February 26, 2014 and ...
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RBI Circular - Reporting requirement on On-site, Off-site and Mobile ATMs
Posted Date : 12-Jun-2015 , 10:57:05 am | Posted By: Aarti Sharma
RBI/2014-15/635
DBR.No.BAPD.BC.102/22.01.001/2014-15
June 11, 2015
All Scheduled Commercial Banks
(Including RRBs)
Dear Sir/Madam,
Reporting requirement on On-site, Off-site and Mobile ATMs
Please refer to Circulars DBOD.No.BP.BC.152/21.03.051/94 dated December 29, 1994,DBOD.No.BL.BC.137/22.01.001/2008-09 dated June 12, 2009andDBOD. No. BL.BC.27/22.01.001/2010-11 dated July 23, 2010wherein, inter alia, banks have been advised to furnish data on ATMs to concerned Regional Office ...
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RBI |
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RBI Circular - Subscription to chit funds by Non-Resident Indian on non-repatriation basis
Posted Date : 12-Jun-2015 , 10:56:06 am | Posted By: Aarti Sharma
RBI/2014-15/636
A. P. (DIR Series) Circular No.107
June 11, 2015
To
All Authorised Dealer Category-I Banks
Madam / Sir,
Subscription to chit funds by Non-Resident Indian on non-repatriation basis
Attention of Authorised Dealers Category – I (AD Category - I) banks is invited to the Foreign Exchange Management (Permissible Capital Account Transactions) Regulations 2000, notified videNotification No. FEMA 1/2000-RB dated May 3, 2000, as amended from time to time and Foreig...
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RBI Circular - External Commercial Borrowings (ECB) for low cost affordable housing projects
Posted Date : 12-Jun-2015 , 10:55:17 am | Posted By: Aarti Sharma
RBI/2014-15/637
A. P. (DIR Series) Circular No. 108
June 11, 2015
To
All Authorised Dealer Category – I Banks
Madam/ Sir
External Commercial Borrowings (ECB) for low cost affordable housing projects
Attention of Authorized Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No. 61 dated December 17, 2012andA.P. (DIR Series) Circular No. 113 dated June 24, 2013in terms of which External Commercial Borrowings (ECB) can be raised by eligible ...
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RBI Circular - External Commercial Borrowings (ECB) for Civil Aviation Sector
Posted Date : 12-Jun-2015 , 10:54:31 am | Posted By: Aarti Sharma
RBI//2014-15/638
A.P. (DIR Series) Circular No.109
June 11, 2015
To,
All Authorised Dealer Category – I Banks
Madam/ Sir
External Commercial Borrowings (ECB) for Civil Aviation Sector
Attention of Authorized Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No. 113 dated April 24, 2012in terms of which External Commercial Borrowings (ECB) can be raised by airline companies for working capital as a permissible end-use, under the approval ...
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RBI |
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RBI Circular - Priority Sector Lending - Revised Reporting System
Posted Date : 12-Jun-2015 , 10:53:33 am | Posted By: Aarti Sharma
RBI/2014-15/639
FIDD.CO.Plan.BC.No.58/04.09.001/2014-15
June 11, 2015
The Chairman / Managing Director /
Chief Executive Officer
[All scheduled commercial banks
(excluding regional rural banks)]
Madam/Dear Sir,
Priority Sector Lending - Revised Reporting System
As you are aware, priority sector guidelines have been revised videcircular FIDD.CO.Plan.BC.54/04.09.01/2014-15 dated April 23, 2015, wherein it was advised that separate guidelines relating to priority sector data repo...
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RBI |
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CBDT allows filing of revised return after expiry of time limit to enable refund of WT arising due to retro exemption
Posted Date : 11-Jun-2015 , 09:52:32 pm | Posted By: CASANSAAR
CBDT allows filing of revised return after expiry of time limit to enable refund of WT arising due to retro exemption.
Section 10 of the Wealth-Tax Act, 1957 – Wealth-Tax Authorities – Instructions to Subordinate Authorities – Clarifications on Amendment Brought out......
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CBDT |
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RBI Circular - Master Circular – “Non-Banking Financial Companies – Corporate Governance (Reserve Bank) Directions, 2015â€
Posted Date : 11-Jun-2015 , 06:47:53 pm | Posted By: Aarti Sharma
RBI/2014-15/632
DNBR (PD) CC No.040/03.01.001/2014-15
June 03, 2015
To
All Non-Banking Financial Companies (NBFCs),
Dear Sirs,
Master Circular – “Non-Banking Financial Companies – Corporate Governance (Reserve Bank) Directions, 2015”
As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated circulars/notifications. The instructions contained in theNotification No. DNBR. 019/CGM (CDS...
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RBI |
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Extension of due date of filing return of income for Assessment Year 2015-16 — CBDT
Posted Date : 11-Jun-2015 , 05:47:11 pm | Posted By: Aarti Sharma
...
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Income Tax |
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Regarding Revision of Handbook of Procedures (HBP)- Changes/ amendments in the EOU/EHTP/STP/BTP Schemes
Posted Date : 10-Jun-2015 , 10:50:08 pm | Posted By: CASANSAAR
New Handbook of Procedures (HBP) 2015-2020 has been notified by DGFT vide Public Notice No. 01/2015-2020 dated 01.04.2015. In this regard, attention is invited to CBEC Circular No. 17/2006-Cus dated 1st June, 2006 and Circular No. 19/2007-Cus dated 3rd June, 2007 as amended by Circular No.16/2014-Cus dated 18th December 2014 regarding units set up under EOU/EHTP/STP/BTP scheme....
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Category :
Custom |
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AO not to raise direct demand against an assessee wherein TDS credit mismatch arises due to default of deductor: CBDT
Posted Date : 10-Jun-2015 , 10:40:50 pm | Posted By: CASANSAAR
Section 199 of the Income-Tax Act, 1961 – Deduction of Tax at Source – Credit for Tax Deducted – Non-Deposit of Tax Deducted at Source...
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Category :
Income Tax |
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CBDT unveils new guidelines on condoning delay in filing returns involving refund claims or unabsorbed losses
Posted Date : 10-Jun-2015 , 07:42:14 am | Posted By: CASANSAAR
Condonation of delay in filing refund claim and claim of carry forward of losses under Section I I9(2)(b) of the Income-tax Act.
In supersession of all earlier Instructions/Circulars/Guidelines issued by the Central Board of Direct Taxes (the Board) from time to time to deal with the applications for condonation of delay in tiling returns claiming refund and returns claiming carry forward of loss and set-off thereof under section 119(2)(b) of the Income-tax Act( the Act), the present Circular...
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CBDT |
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Custom Circular Regarding Appointment of Common Adjudicating Authority
Posted Date : 09-Jun-2015 , 09:05:17 pm | Posted By: CASANSAAR
Custom Circular Regarding Appointment of Common Adjudicating Authority.
Reference is invited to Notification No 60/2015-Customs (N.T.), dated 04.06.2015 whereby the power to appoint common adjudicating authority in cases investigated by DRI upto the level of Commissioner of Customs have been delegated to Principal Director General of Directorate of Revenue Intelligence in terms of section 152 of the Customs Act, 1962. This notification was issued in the interest of expediting decision making ...
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Custom |
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RBI Circular - Strategic Debt Restructuring Scheme
Posted Date : 09-Jun-2015 , 07:41:04 am | Posted By: CASANSAAR
RBI Circular/2014-15/627
DBR.BP.BC.No.101/21.04.132/2014-15
June 8, 2015
All Scheduled Commercial Banks
(excluding RRBs)
All-India Term-lending and Refinancing Institutions
(Exim Bank, NABARD, NHB and SIDBI)
Dear Sir,
Strategic Debt Restructuring Scheme
Please refer to ourcircular DBOD.BP.BC.No.97/21.04.132/2013-14 dated February 26, 2014on “Framework for Revitalising Distressed Assets in the Economy – Guidelines on Joint Lenders’ Forum (JLF) and Corrective A...
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RBI |
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Exemptions to Nidhis under section 462 of Companies Act 2013 - MCA
Posted Date : 06-Jun-2015 , 04:35:04 pm | Posted By: CASANSAAR
G.S.R. …..(E). –In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 462 read with section 406 of the Companies Act, 2013 (18 of 2013) and in supersession of notification number GSR 517(E), dated the 31StAugust, 2006 and GSR 326(E), dated the 8thApril, 2011 or any other notification issued under section 620A of the Companies Act, 1956, except as respects things done or omitted to be done before such supersession, the Central Government in the inte...
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Category :
Companies Act |
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Exemptions to Government Companies under section 462 of Companies Act 2013
Posted Date : 06-Jun-2015 , 04:31:19 pm | Posted By: CASANSAAR
G.S.R. __(E). – In exercise of the powers conferred by clauses (a) and (h) of sub-section (1) of section 462 and in pursuance of sub-section (2) of said section of the Companies Act, 2013 (18 of 2013) and in supersession of notifications issued under section 620 of the Companies Act, 1956 (1 of 1956), except as respects things done or omitted to he done before such supersession, the Central Government, in the interest of public, hereby directs that certain provisions of the Companies Act, ...
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Companies Act |
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Exemptions to Private Companies under section 462 of Companies Act 2013 - MCA
Posted Date : 06-Jun-2015 , 04:29:26 pm | Posted By: CASANSAAR
G.S.R. ____ (E). – In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 462 and in pursuance of sub-section (2) of said section of the Companies Act, 2013 (18 of 2013), the Central Government, in the interest of public, hereby directs that certain provisions of the Companies Act, 2013, as specified in column (2) of the Table, shall not apply or shall apply with such exceptions, modifications and adaptations, as specified in column (3) of the said Table, ...
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Companies Act |
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Exemptions to Section 8 (Non-Profit) under section 462 of Companies Act 2013
Posted Date : 06-Jun-2015 , 04:26:52 pm | Posted By: CASANSAAR
G.S.R. (E).–In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 462 and in pursuance of sub-section (2) of said section read with section 8 of the Companies Act, 2013 (18 of 2013), and in supersession of notifications issued under section 25 of the Companies Act, 1956 (1 of 1956) except as respects things done or omitted to be done before such supersession, the Central Government in the interest of public, hereby directs that certain provisions of the C...
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Companies Act |
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RBI Circular - Submission of Long Form Audit Report (LFAR) by Concurrent Auditors
Posted Date : 04-Jun-2015 , 06:09:36 pm | Posted By: Aarti Sharma
RBI/2014-15/626
DBS.CO.ARS.BC.8/08.91.001/2014-15
June 2, 2015
CMD of Nationalized Banks
Chairman SBI
MD of Associate Banks of SBI
Madam/Dear Sir,
Submission of Long Form Audit Report (LFAR) by Concurrent Auditors
In terms of enclosure 1 of RBI circular DBS.CO.PP.BC.11/11.01.005/2001-2002 dated April 17, 2002 all the banks were advised, inter alia, as under:
LFAR in respect of branch should be addressed by the branch auditors to the Chairman of the bank, concerned with a cop...
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RBI |
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Service Tax Circular Regarding clarification on rate of service tax on restaurant service
Posted Date : 04-Jun-2015 , 07:50:20 am | Posted By: CASANSAAR
The Service Tax rate has been increased to 14% with effect from 1st June, 2015. Certain doubts have been raised in regard to abatement on value of services provided in relation to serving of food or beverages by a restaurant, eating joint or a mess, having the facility of air-conditioning or central air-heating in any part of the establishment, at any time during the year.
2. Matter has been examined. Valuation of services provided in relation to serving of food or beverages by a restaurant, ...
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Service Tax |
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RBI Circular - Change in Bank Rate
Posted Date : 02-Jun-2015 , 06:05:34 pm | Posted By: Aarti Sharma
RBI/2014-15/624
DBR.No.Ret.BC. 99 /12.01.001/2014-15
June 02, 2015
All Scheduled Commercial Banks,
Local Area Banks and RRBs
Dear Sir,
Change in Bank Rate
Please refer tocircular DBR.No.Ret.BC.73/12.01.001/2014-15 dated March 04, 2015on the captioned subject.
2. As announced in thePress Release 2014-15/2547 dated June 02, 2015, the Bank Rate stands adjusted by 25 basis points from 8.50 per cent to 8.25 per cent with effect from June 02, 2015.
3. All penal interest rates on...
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RBI |
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RBI Circular - Standing Liquidity Facilities for Banks and Primary Dealers
Posted Date : 02-Jun-2015 , 06:04:13 pm | Posted By: Aarti Sharma
RBI/2014-15/621
REF.No.MPD.BC.378/07.01.279/2014-15
Jyeshtha 12,1937(Saka)
June 2, 2015
To
All Scheduled Banks [excluding Regional Rural Banks(RRBs)]
and Primary Dealers
Dear Sir/Madam,
Standing Liquidity Facilities for
Banks and Primary Dealers
Please refer to theSecond Bi-monthly Monetary Policy Statement, 2015-16 by Dr. Raghuram G. Rajan, Governor dated June 2, 2015, i...
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RBI |
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Guidelines on Compensation of Non-executive Directors of Private Sector Banks
Posted Date : 02-Jun-2015 , 08:00:25 am | Posted By: CASANSAAR
RBI/2014-15/617
DBR.No.BC.97/29.67.001/2014-15
June 1, 2015
The Managing Director and CEO
All Private Sector Banks
Dear Sir/Madam,
Guidelines on Compensation of Non-executive Directors of
Private Sector Banks
The need to bring in professionalism to the boards of banks cannot be overemphasized. In order to enable banks to attract and retain professional directors, it is essential that such directors are appropriately compensated. At present, banks in private sector pay only sitt...
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RBI |
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Issue of Long Term Bonds by banks for Financing of Infrastructure and Affordable Housing – Cross Holding
Posted Date : 02-Jun-2015 , 07:57:53 am | Posted By: CASANSAAR
RBI/2014-15/618
DBR.BP.BC.No.98/08.12.014/2014-15
June 01, 2015
All Scheduled Commercial Banks
(excluding RRBs)
Dear Sir,
Issue of Long Term Bonds by banks for Financing of Infrastructure and Affordable Housing – Cross Holding
Please refer to ourcircular DBOD.BP.BC.No.25/08.12.014/2014-15 dated July 15, 2014allowing banks to issue long term bonds, with exemptions from certain regulatory pre-emptions, for their financing of infrastructure and affordable housing loans. Furth...
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RBI |
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RBI fixes USD 2,50,000 for remittances by individual for aggregate of certain current account transactions
Posted Date : 30-May-2015 , 08:01:47 am | Posted By: CASANSAAR
FEMA/ILT/INDIAN ACTS & RULES : Fem (Current Account Transactions) Amendment Regulations, 2015 – Substitution of Rule 5 & Schedule III.
RBI fixes USD 2,50,000 for remittances by individual for aggregate of certain current account transactions...
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Category :
FEMA |
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RBI Circular - Hedging of Commodity Price Risk - Creating awareness among borrowers
Posted Date : 28-May-2015 , 06:19:51 pm | Posted By: Aarti Sharma
RBI/2014-15/612
DBR.No.BP.BC.96 /21.04.157/2014-15
May 28, 2015
The Chairman and Managing Director/Chief Executive Officer
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir / Madam,
Hedging of Commodity Price Risk - Creating awareness among borrowers
Banks provide a number of credit facilities to customers engaged in activities related to agriculture. One of the prominent,albeitindirect, risks in this sector is that of volatility in agricultural commodity...
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RBI |
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