RBI Circular - Returns to be submitted by NBFCs (Asset Size below Rs. 500 crore)
Posted Date : 09-Jul-2015 , 06:40:30 pm | Posted By: Aarti Sharma
RBI/2015-16/119
DNBS (IT).CC.No. 01/24.01.191/2015-16
July 09, 2015
To CEOs of All NBFCs (excluding RNBCs)
Dear Sir/Madam,
Returns to be submitted by NBFCs (Asset Size below Rs. 500 crore)
Please refer to theDNBR (PD) CC.No. 002/03.10.001/2014-15 dated November 10, 2014on revised Regulatory Framework for NBFCs.
2. As per the revised regulations, all non-deposit taking NBFCs (NBFCs-ND), with assets less than Rs. 500 crore are required to submit an Annual Return. Two new Return ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 2281
|
 |
Conditions, Safeguards and Procedures regarding Digitally signed invoices in Central Excise and Service Tax
Posted Date : 08-Jul-2015 , 07:17:25 am | Posted By: CASANSAAR
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Notification
No. 18/2015-Central Excise (N.T.)
New Delhi, the 6thJuly, 2015
G.S.R. (E).____In pursuance of sub-rule (5) of rule 10 and sub-rule (9) of rule 11 of the Central Excise Rules, 2002 made under section 37 of the Central Excise Act, 1944 (1 of 1944) and sub-rule (5) of rule 5 and sub-rule (2) of rule 4C of the Service Tax Rules, 1994 made under sub-section (1) read with su...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 1149
|
|
Govt. authorizes 7 public sector companies to issue tax free bonds
Posted Date : 08-Jul-2015 , 07:11:33 am | Posted By: CASANSAAR
Income Tax : Section 10(15), Item (h) of Sub-Clause (iv) of the Income-Tax Act, 1961 - Exemptions - Interest on Bonds/debentures - Notified Bonds...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1171
|
|
CBDT releases 32 clarifications on compliance window in Q&A format
Posted Date : 07-Jul-2015 , 06:44:31 am | Posted By: CASANSAAR
The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (hereinafter referred to as ‘the Act’) has introduced a tax compliance provision under Chapter VI of the Act. The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015 (hereinafter referred to as ‘the Rules’) have been notified. In regard to the scheme queries have been received from the public about the scope of the scheme and the procedure to be follow...
Continue Reading...
Category :
CBDT |
Comments :
0 | Hits : 1212
|
|
CBDT specifies work jurisdiction and role of CIT(Judicial)
Posted Date : 05-Jul-2015 , 10:17:26 am | Posted By: CASANSAAR
IT : Section 268 of the Income-tax Act, 1961 – Allocation of work amongst CIT (Judicial) and their Jurisdiction – Supersession of Instruction No.4, dated...
Continue Reading...
Category :
CBDT |
Comments :
0 | Hits : 1111
|
|
Govt. notifies Black Money Rules; releases 7 Forms including Form 6 for declaration of undisclosed foreign assets
Posted Date : 04-Jul-2015 , 09:13:52 am | Posted By: CASANSAAR
G.S.R. 529 (E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 85 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015), the Central Board of Direct Taxes with the approval of the Central Government hereby makes the following rules, namely:-...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1143
|
|
RBI Circular - Investment in companies engaged in tobacco related activities
Posted Date : 03-Jul-2015 , 06:12:55 pm | Posted By: Aarti Sharma
RBI/2015-16/116
A.P. (DIR Series) Circular No.2
July 3, 2015
To
All Authorised Persons
Madam/ Sir,
Investment in companies engaged in tobacco related activities
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Annex A of Schedule 1 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified videNotification No. FEMA.20/2000-RB dated May 3, 2000, andNotification No. FEMA. 242/2012- R...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 857
|
|
Black Money Act would be effective from July 1, 2015
Posted Date : 03-Jul-2015 , 07:41:26 am | Posted By: May I Help You.
S.O. 1790 (E)- Whereas the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015) (hereinafter referred to as the Act) received the assent of the President on 26th May, 2015;
And whereas sub-section (3) of section 1 of the Act provides that save as otherwise provided in the Act, the Act shall come into force on the 1st day of April, 2016;...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1098
|
|
RBI Circular - Financial Benchmarks India Pvt. Ltd.(FBIL)- Benchmark Administrator
Posted Date : 02-Jul-2015 , 06:38:11 pm | Posted By: Aarti Sharma
RBI/2015-16/115
FMRD.FMSD.No.03/03.01.006/2015-16
July 02, 2015
All market participants
Dear Sir/Madam,
Financial Benchmarks India Pvt. Ltd.(FBIL)- Benchmark Administrator
Please refer to ourcircular FMD.FSRG.No.102/02.18.002/2013-14 dated April 16, 2014on “Financial Benchmark- Governance Framework for Benchmark Submitters” wherein it was stated that in order to overcome the possible conflicts of interest in the benchmark setting process arising out of the current gov...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1140
|
|
RBI Circular - Applicability of Credit Concentration Norms
Posted Date : 02-Jul-2015 , 06:37:14 pm | Posted By: Aarti Sharma
RBI/2015-16/114
DNBR (PD) CC.No. 064/03.10.001/2015-16
July 02, 2015
All Non-Banking Financial Companies (excluding Primary Dealers)
Madam/Sir
Applicability of Credit Concentration Norms
In terms of section 45IA(7)(I) of the Reserve Bank of India Act, 1934, for calculation of Net Owned Fund (NOF), the loans given to/ investments made in companies in the same group/ subsidiaries by NBFCs, inter alia,...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1128
|
|
RBI Circular - Kisan Vikas Patra, 2014 and Sukanya Samriddhi Account
Posted Date : 02-Jul-2015 , 06:36:13 pm | Posted By: Aarti Sharma
RBI/2015-16/113
DGBA.GAD.No.14/15.02.003/2015-16
July 2, 2015
The Chairman/Chief Executive Officer
Agency Banks Handling the Schemes of Kisan Vikas Patra, 2014
and Sukanya Samriddhi Account
Dear Sir
Kisan Vikas Patra, 2014 and Sukanya Samriddhi Account
Please refer to ourcirculars IDMD (DGBA).CDD.No.3484/15.02.001/2014-15 dated February 09, 2015andIDMD (DGBA).CDD.No.4052/15.02.006/2014-15 dated March 11, 2015regarding Kisan Vikas Patra, 2014 and Sukanya Samriddhi Account respec...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1131
|
|
RBI Circular - Opening of Current Accounts by Banks - Need for Discipline
Posted Date : 02-Jul-2015 , 06:35:33 pm | Posted By: Aarti Sharma
RBI/2015-16/112
DBR.Leg.BC.25./09.07.005/2015-16
July 02, 2015
The Chairman / Chief Executive
All Scheduled Commercial Banks
(excluding RRBs)
Dear Sir,
Opening of Current Accounts by Banks - Need for Discipline
Please refer to ourcircular DBOD.No.Leg.BC.84/09.07.005/2003-04 dated May 15, 2004advising banks to scrupulously ensure that their branches do not open current accounts of entities which enjoy credit facilities (fund based or non-fund based) from the banking system witho...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1199
|
|
RBI Circular - Discount Rate for Computing Present Value of Future Cash Flows
Posted Date : 02-Jul-2015 , 06:34:01 pm | Posted By: Aarti Sharma
RBI/2015-16/111
DBR.No.BP.BC.27/21.04.048/2015-16
July 2, 2015
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir,
Discount Rate for Computing Present Value of Future Cash Flows
Please refer to paragraph 4.5 ofcircular DBOD.BP.BC.No.99/21.04.132/2012-13 dated May 30, 2013, in terms of which a rate equal to the bank's Benchmark Prime Lending Rate or base rate (whichever is applicable to the borrower) as on the date of restructuring plus the appropriate t...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 997
|
|
RBI Circular - Re-export of unsold rough diamonds from Special Notified Zone of Customs without Export Declaration Form (EDF) formality
Posted Date : 02-Jul-2015 , 06:32:12 pm | Posted By: Aarti Sharma
RBI/2015-16/110
A.P. (DIR Series) Circular No.1
July 02, 2015
To
All Authorised Dealers in Foreign Exchange
Re-export of unsold rough diamonds from Special Notified Zone of
Customs without Export Declaration Form (EDF) formality
Attention of the Authorised Dealers is invited to i) Regulation 3 of theNotification No. FEMA 23/2000-RB dated May 3, 2000viz. Foreign Exchange Management (Export of Go...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 931
|
|
RBI Circular - Bucketing of excess SLR and MSF securities in Structural Liquidity Statement
Posted Date : 02-Jul-2015 , 06:31:11 pm | Posted By: Aarti Sharma
RBI No 2015-16/109
DBR.No.BP.BC.26/21.04.098/2015-16
July 2, 2015
The Chairmen and Managing Directors /
Chief Executive Officers of
All Commercial Banks
(Excluding RRBs and LABs)
Dear Sir,
Bucketing of excess SLR and MSF securities in Structural Liquidity Statement
Please refer to ourCircular DBOD.BP.No.56/21.04.098/2012-13 dated November 7, 2012on Liquidity Risk Management by Banks in terms of which banks are required to prepare structural liquidity statement (Rupee) as per t...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1134
|
|
RBI Circular - Master Circular – Detection and Impounding of Counterfeit Notes
Posted Date : 01-Jul-2015 , 05:38:07 pm | Posted By: Aarti Sharma
RBI/2015-16/52
DCM (FNVD) G- 4/16.01.05/2015-16
July 1, 2015
The Chairman / Managing Director,
Commercial Banks, Cooperative Banks, RRBs,
Private Banks, Foreign Banks and
Director of Treasuries of all States
Dear Sir / Madam,
Master Circular – Detection and Impounding of Counterfeit Notes
Please refer to theMaster Circular DCM (FNVD) No.G-2/16.01.05/2014-15 dated July 1, 2014consolidating the instructions issued till June 30, 2013 relating to Detection and Impounding of ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1179
|
|
RBI Circular - Master Circular on Establishment of Liaison / Branch / Project Offices in India by Foreign Entities
Posted Date : 01-Jul-2015 , 05:36:35 pm | Posted By: Aarti Sharma
RBI/2015-16/54
Master Circular No.7/2015-16
July 01, 2015
To,
All Category – I Authorised Dealer banks
Madam / Sir,
Master Circular on Establishment of Liaison / Branch /
Project Offices in India by Foreign Entities
Establishment of Branch/Liaison/Project Offices in India is regulated in terms of Section 6(6) of Foreign Exchange Management Act, 1999 read withNotification No. FEMA 22/2000-RB dated May 3, 2000as amended from time to time.
2. ThisMaster Circularconsolidat...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1063
|
|
RBI Circular - Master Circular on Call/Notice Money Market Operations
Posted Date : 01-Jul-2015 , 05:35:31 pm | Posted By: Aarti Sharma
RBI/2015-16/55
FMRD.DIRD. 01 /14.01.001/2015-16
July 1, 2015
The Chairmen/Chief Executives of all Scheduled Commercial Banks (excluding RRBs) /
Co-operative Banks / Primary Dealers
Dear Sir/Madam,
Master Circular on Call/Notice Money Market Operations
The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks and the Primary Dealers in reg...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 882
|
|
RBI Circular - Master Circular – Basel III Capital Regulations
Posted Date : 01-Jul-2015 , 05:34:30 pm | Posted By: Aarti Sharma
RBI/2015-16/58
DBR.No.BP.BC.1/21.06.201/2015-16
July 1, 2015
All Scheduled Commercial Banks
(Excluding Local Area Banks
and Regional Rural Banks)
Madam / Sir,
Master Circular – Basel III Capital Regulations
Please refer to theMaster Circular No.DBOD.BP.BC.6/21.06.201/2014-15 dated July 1, 2014, consolidating therein the prudential guidelines on capital adequacy issued to banks till June 30, 2014.
2. As you are aware, Basel III Capital Regulations are being implemen...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 990
|
|
RBI Circular - Master Circular on Customer Service in Banks
Posted Date : 01-Jul-2015 , 05:33:10 pm | Posted By: Aarti Sharma
RBI/2015-16/59
DBR No.Leg.BC. 21/09.07.006/2015-16
July 1, 2015
Ashadha 10, 1937
All Scheduled Commercial Banks
(Excluding RRBs)
Dear Sir,
Master Circular on Customer Service in Banks
Please refer to theMaster Circular DBOD No.Leg.BC.21/09.07.006/2014-15 dated July 01, 2014consolidating the important instructions issued by us in the area of customer service up to June 30, 2014. ThisMaster Circularconsolidates instructions on the above matters issued up to June 30, 2015.
2. B...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 3739
|
|
RBI Circular - Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)
Posted Date : 01-Jul-2015 , 05:32:20 pm | Posted By: Aarti Sharma
RBI/2015-16/60
FIDD. CO. GSSD. BC. No 06/09.09.01/2015-16
July 01, 2015
The Chairman / Managing Director
All Scheduled Commercial Banks
Dear Sir,
Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)
Please refer to theMaster Circular RPCD GSSD BC No.01/09.09.01/2014-15 dated July 01, 2014consolidating guidelines / Instructions / directions issued to banks with regard to providing credit facilities to Scheduled Castes (SCs) and Scheduled Trib...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 922
|
|
RBI Circular - Master Circular on Customer Service - UCBs
Posted Date : 01-Jul-2015 , 05:30:58 pm | Posted By: Aarti Sharma
RBI/2015-16/61
DCBR. CO.BPD.(PCB).MC.No 15/12.05.001/2015-16
July 1, 2015
The Chief Executive Officers of
All Primary (Urban) Co-operative Banks
Dear Sir,
Master Circular on Customer Service - UCBs
Please refer to ourMaster Circular UBD.BPD.(PCB).MC No. 10/ 12.05.001/2014-15dated July 1, 2014on the captioned subject (available at RBI websitewww.rbi.org.in). TheenclosedMaster Circular consolidates and updates all the instructions / guidelines on the subject issued up to June 30, ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1207
|
|
RBI Circular - Master Circular on Area of Operation, Branch Authorisation Policy, Opening/Up-gradation of Extension Counters, ATMs and Shifting/Splitting/Closure of Offices
Posted Date : 01-Jul-2015 , 05:29:28 pm | Posted By: Aarti Sharma
RBI/2015-16/62
DCBR.LS.(PCB) MC.No.16/07.01.000/2015-16
July 1, 2015
All Primary (Urban) Co-operative Banks
Dear Sir,
Master Circularon Area of Operation, Branch Authorisation Policy, Opening/Up-gradation of Extension Counters, ATMs and Shifting/Splitting/Closure of Offices
Please refer to ourMaster Circular UBD.LS (PCB) MC. No.14/07.01.00/2013-14, dated July 1, 2014on the captioned subject. ThisMaster Circularconsolidates and updates all the instructions/guidelines issued on the...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1239
|
|
RBI Circular - Master Circular- Credit Facilities to Minority Communities
Posted Date : 01-Jul-2015 , 05:28:47 pm | Posted By: Aarti Sharma
RBI/2015-16/64
FIDD.GSSD.BC.No.05/09.10.01/2015-16
July 1, 2015
The Chairman/ Managing Director
All Scheduled Commercial Banks
Dear Sir,
Master Circular- Credit Facilities to Minority Communities
Please refer to ourMaster Circular FIDD. GSSD.BC.No.43/09.10.01/2014 -15 dated July 01, 2014, updated up to December, 01, 2014 consolidating the instructions / guidelines / directives issued to banks...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 912
|
|
RBI Circular - Master Circular – Mobile Banking transactions in India – Operative Guidelines for Banks
Posted Date : 01-Jul-2015 , 05:22:38 pm | Posted By: Aarti Sharma
RBI/2015-16/65
DPSS.CO.PD.Mobile Banking.No.1/02.23.001/2015-16
July 1, 2015
The Chairman and Managing Director / Chief Executive Officers
All Scheduled Commercial Banks including RRBs /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks
Madam /Dear Sir,
Master Circular – Mobile Banking transactions in India – Operative Guidelines for Ba...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1091
|
|
RBI Circular - Master Circular - Guidelines for Relief Measures by banks in areas affected by Natural Calamities
Posted Date : 01-Jul-2015 , 05:19:55 pm | Posted By: Aarti Sharma
RBI/2015-16/68
FIDD.No.FSD.BC.01/05.10.001/2015-16
July 01, 2015
The Chairman/Managing Director/Chief Executive Officer
All scheduled commercial banks
(excluding Regional Rural Banks)
Madam / Dear Sir,
MASTER CIRCULAR- GUIDELINES FOR RELIEF MEASURES BY BANKS IN AREAS AFFECTED BY NATURAL CALAMITIES
Please refer to our ‘Master Circular RPCD.No.FSD.BC.07 /05.04.02/2014-15 dated July...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 770
|
|
RBI Circular - Master Circular- Finance for Housing Schemes - UCBs
Posted Date : 01-Jul-2015 , 05:17:42 pm | Posted By: Aarti Sharma
RBI/2015-16/7
DCBR.BPD.(PCB) MC No.9/09.22.010/2015-16
July 1, 2015
The Chief Executive Officers
All Primary (Urban) Co-operative Banks
Dear Sir/ Madam,
Master Circular- Finance for Housing Schemes - UCBs
Please refer to ourMaster Circular UBD.BPD.(PCB).MC.No.2/09.22.010/2014-15 dated July 1, 2014on the captioned subject (available at RBI websitehttps://rbi.org.in/). The enclosedMaster Circul...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1381
|
|
RBI Circular - Master Circular- Guarantees, Co-Acceptances & Letters of Credit - UCBs
Posted Date : 01-Jul-2015 , 05:09:57 pm | Posted By: Aarti Sharma
RBI/2015-16/6
DCBR.BPD. (PCB) MC No.8/09.27.000/2015-16
July 1, 2015
The Chief Executive Officers
All Primary (Urban) Co-operative Banks
Dear Sir/ Madam,
Master Circular- Guarantees, Co-Acceptances & Letters of Credit - UCBs
Please refer to ourMaster Circular UBD. BPD (PCB) MC. No.4/09.27.000/14-15 dated July 1, 2014on the captioned subject (available at RBI websitewww.r...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1034
|
|
RBI Circular - Master Circular on Maintenance of Deposit Accounts – Primary (Urban) Co-operative Banks
Posted Date : 01-Jul-2015 , 05:07:53 pm | Posted By: Aarti Sharma
RBI/2015-16/5
DCBR.BPD.(PCB). MC.No: 6/13.01.000/2015-16
July 1, 2015
The Chief Executive Officers of
All Primary (Urban) Co-operative Banks
Dear Sir/ Madam,
Master Circular on Maintenance of Deposit Accounts –
Primary (Urban) Co-operative Banks
Please refer to ourMaster Circular UBD.BPD.(PCB).MC.No: 13/13.01.000/2014-15 dated July 1, 2014on the captioned subject (available at RBI websitewww.rbi.org.in). TheenclosedMaster Circular consolidates and updates all the instruct...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1968
|
|
RBI Circular - Master Circular on Maintenance of Statutory Reserves - Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks
Posted Date : 01-Jul-2015 , 05:06:11 pm | Posted By: Aarti Sharma
RBI/2015-16/4
DCBR.BPD.(PCB). MC.No. 5/12.03.000/2015-16
July 1, 2015
The Chief Executive Officers,
All Primary (Urban) Co-operative Banks.
Dear Sir / Madam,
Master Circular on Maintenance of Statutory Reserves - Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks
Please refer to ourMaster Circular UBD.BPD.(PCB). MC.No.15 /12.03.000/2014-15 dated July 1, 2014on the captioned subject. TheenclosedMaster Circular consolidates and updat...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1370
|
|
|
|
