RBI Circular - NBFCs Lending against Shares
Posted Date : 10-Apr-2015 , 06:58:47 pm | Posted By: Vijay
RBI/2014-15/551DNBR (PD).CC.No.028/03.10.001/2014-15
April 10, 2015
All NBFCs with asset size of`.100 cr and above(excluding Primary Dealers)
Dear Sirs,
NBFCs- Lending against Shares – Clarification
Please refer to ourcircular DNBS (PD).CC.No.408/03.10.001/2014-15 dated August 21, 2014. We have since received a number of queries from the industry participants seeking clarification on the applicability of the circular. In this connection, the following isclarified
The above mentio...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 960
|
 |
Govt. constitutes Information Security Committee in CBDT
Posted Date : 09-Apr-2015 , 09:03:16 pm | Posted By: CASANSAAR
An Information Security cornrnittee (lSC) in the central Board of Direct Taxes (CBDT) is hereby constituted comprornising the following officers:
(a) Member (tT), CBDT
(b) Joint Secretary (FT&TR-|)
(c) Joint Secretary (TpL-ll)
(d) CIT (lnv.)
(e) CIT (M&Tp)
(f). DIT (l&CI), New Delhi
(g) DIT (Systems-il)
Member (lr), CBDT will be the chairrnan of the lsc. clr (M&Tp) shall also perfbrrn the role of chief Information Security Offi cer (CISO)...
Continue Reading...
Category :
CBDT |
Comments :
0 | Hits : 1267
|
|
CBDT clarifies No capital gain arises on roll over of Mutual Funds under Fixed Maturity Plans as per SEBI norms
Posted Date : 09-Apr-2015 , 08:56:12 pm | Posted By: CASANSAAR
CBDT clarifies No capital gain arises on roll over of Mutual Funds under Fixed Maturity Plans as per SEBI norms....
Continue Reading...
Category :
CBDT |
Comments :
0 | Hits : 1140
|
|
CBDT clarifies Self-assessment tax paid before due date of filing of wealth tax return isn't subject to interest
Posted Date : 09-Apr-2015 , 08:49:07 pm | Posted By: CASANSAAR
CBDT clarifies Self-assessment tax paid before due date of filing of wealth tax return isn't subject to interest...
Continue Reading...
Category :
CBDT |
Comments :
0 | Hits : 1040
|
|
Fema Circular -Review of FDI policy –Sector Specific conditions- Insurance sector
Posted Date : 09-Apr-2015 , 07:42:47 am | Posted By: CASANSAAR
RBI/2014-15/545
A. P. (DIR Series) Circular No.94
April 08, 2015
To
All Authorised Dealer Category-I Banks
Madam / Sir,
Foreign Direct Investment (FDI) in India – Review of FDI policy –Sector Specific conditions- Insurance sector
Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to Annex B of Schedule 1 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vi...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 1098
|
|
RBI Circular- Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) - Directions
Posted Date : 08-Apr-2015 , 06:09:30 pm | Posted By: Vijay
RBI/2014-15/544
DNBR.CC.PD.No.027/03.10.01/2014-15
April 08, 2015
To
All NBFC-MFIs
Dear Sirs,
Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) – Directions – Modifications
The captioned directions contained in thenotification DNBS.PD.No.234/CGM (US)-2011 dated December 2, 2011and subsequent modifications were issued to NBFC-MFIs in the backdrop of the Andhra Pradesh-MFI crisis. The sector has largely moved forward since then. Accordingly certain m...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1041
|
|
Revised selection criteria for appointment of Chairman, Vice-Chairman and members of Settlement Commission
Posted Date : 07-Apr-2015 , 07:50:01 am | Posted By: CASANSAAR
G.S.R. 235(E).—In exercise of the powers conferred by the proviso to article 309 of the Constitution, and in suppression of the Settlement Commission (Income-tax/Wealth-tax) (Recruitment and Conditions of Service of Chairman, Vice-Chairmen and Members) Rules, 2000, except as respects things done or omitted to be done be supersession, the President hereby makes the following rules regulating the recruitment and conditions of service of persons appointed as Chairman, Vice-Chairmen and Member...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1069
|
|
RBI Circular - Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
Posted Date : 06-Apr-2015 , 06:31:13 pm | Posted By: Vijay
RBI/2014-15/539
DBR.No.BP.BC.85/21.04.048/2014-15
April 6, 2015
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir,
Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Refinancing of Exposures to Borrowers
In terms ofcircular DBOD.No.BP.BC.107/21.04.048/2013-14 dated April 22, 2014andA.P. (DIR Series) Circular No.129 dated May 9, 2014, Indian companies are not permitted to raise external commercial bo...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1099
|
|
RBI Circular - Anti-Money Laundering (AML)/ Combating of Financing of Terrorism (CFT) - Standards
Posted Date : 06-Apr-2015 , 06:26:11 pm | Posted By: Vijay
RBI/2014-2015/537
DBR.AML.No.14746/14.01.001/2014-15
April 6, 2015
The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/
Local Area Banks / All India Financial Institutions
Dear Sir/ Madam,
Anti-Money Laundering (AML)/ Combating of Financing of Terrorism (CFT) - Standards
Please refer to our letterDBR.AML.No.6704/14.01.001/2014-15 dated November 5, 2014on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financial Act...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 831
|
|
Instructions regarding adjudication of Central Excise and Service Tax Cases booked by DGCEI-reg.
Posted Date : 03-Apr-2015 , 06:27:01 pm | Posted By: CASANSAAR
Circular No. 1000/7/2015-CX
datedthe 3rdMarch, 2015
F. No. 208/03/2012-CX-6
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
To
The Director General of Central Excise Intelligence,
All Principal Chief/ Chief Commissioners of Central Excise and Service Tax,
All Principal Chief/ Chief Commissioners of Central Excise.
Sub: Instructions regarding adjudication of Central Excise and Service Tax Cases booked by DGCEI-reg.
Sir / Mada...
Continue Reading...
Category :
Excise |
Comments :
0 | Hits : 1134
|
|
Govt. notifies income computation and disclosure standards for purpose of Sec. 145; effective from April 1, 2015
Posted Date : 02-Apr-2015 , 10:01:52 pm | Posted By: CASANSAAR
Income Tax
S.O. 892 (E) In exercise of the powers conferred by sub-section (2) of section 145 of the Income-tax Act, 1961 (43 of 1961) and in supersession of the notification of the Government of India in the Ministry of Finance, Department of Revenue, published in the Gazette of India, Part II, Section 3, Sub-section (ii), vide number S.O 69(E) dated the 25th January, 1996, except as respects things done or omitted to be done before such supersession, the Central Government hereby notifies t...
Continue Reading...
Category :
Income Tax |
Comments :
1 | Hits : 3594
|
|
Regarding facility for suo moto payment of customs duty in case of bona fide default in export obligation under the Advance / EPCG authorisations
Posted Date : 02-Apr-2015 , 09:54:04 pm | Posted By: CASANSAAR
Circular No.11/2015 - Customs
F.No. 605/55/2014-DBK
Government of India
Ministry of Finance, Department of Revenue
Central Board of Excise& Customs
Drawback Division
New Delhi, dated 1stApril,2015
To
All Principal Chief Commissioners/Chief Commissioners of Customs / Customs (Prev)/ Central Excise & Customs,
All Principal Directors General/Directors General of CBEC / Chief Commissioner (AR), CESTAT,
All Principal Commissioners/Commissioners under CBEC
Ma’am/Sir,
...
Continue Reading...
Category :
Custom |
Comments :
0 | Hits : 952
|
|
Custom Circular - Online message exchange between Customs and other regulatory agencies - reg.
Posted Date : 01-Apr-2015 , 06:56:53 pm | Posted By: Vijay
Circular No. 09/2015-Cus
F.No.450/01/2011-Dir. (Cus)(Pt.I)
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Excise and Customs)
******
New Delhi, dated the 31stMarch, 2015
To,
All Chief Commissioners of Customs / Customs (Preventive),
All Chief Commissioners of Customs and Central Excise,
All Commissioners of Customs / Customs (Preventive),
All Commissioners of Customs and Central Excise.
Sir /Madam,
Subject: Online message exchange betwee...
Continue Reading...
Category :
Custom |
Comments :
0 | Hits : 1042
|
|
Customs Circular - Usage of Digital Signature Certificate in Remote EDI filing (RES) of Customs Documents - reg.
Posted Date : 01-Apr-2015 , 06:53:07 pm | Posted By: Vijay
Circular No. 10/2015-Customs
F. No. 450/25/2013-Cus IV
Government of India
Ministry of Finance
Department ofRevenue
(Central Board of Excise and Customs)
****
New Delhi, dated the 31stMarch, 2015
To,
All Chief Commissioners of Customs / Customs (Preventive)
All Chief Commissioners of Customs and Central Excise
All Commissioners of Customs / Customs (Preventive)
All Commissioners of Customs and Central Excise
Sir / Madam,
Subject:Usage of Di...
Continue Reading...
Category :
Custom |
Comments :
0 | Hits : 1098
|
|
FEMA Circular - Export of Goods and Services – Project Exports
Posted Date : 01-Apr-2015 , 06:29:06 pm | Posted By: Vijay
RBI/2014-15/534
A.P.(DIR Series) Circular No.93
April 1, 2015
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
Export of Goods and Services – Project Exports
Attention of Authorised Dealers is invited toA. P. (DIR Series) Circular No. 11 dated July 22, 2014in terms of which AD banks / Exim Bank have been permitted to consider according post-award approvals without any monetary limit and permit subsequent changes in the terms of post award approval within the...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 1045
|
|
RBI Circular - Setting up of IFSC Banking Units (IBUs)
Posted Date : 01-Apr-2015 , 06:27:08 pm | Posted By: Vijay
RBI/2014-15/533
DBR.IBD.BC. 14570/23.13.004/2014-15
April 1, 2015
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Dear Sir/Madam,
Setting up of IFSC Banking Units (IBUs)
Please refer to the Reserve Bank of IndiaNotification No. FEMA.339/2015-RB dated March 02, 2015(copy enclosed) under FEMA 1999 on Foreign Exchange Management (International Financial Services Centre) Regulations, 2015 setting out RBI regulations relating to financial institutions set up in Intern...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 868
|
|
Know Your Customer (KYC) Guidelines - Accounts of Proprietary Concerns
Posted Date : 01-Apr-2015 , 06:25:24 pm | Posted By: Vijay
RBI/2014-15/532
DCBR.BPD(PCB/RCB)Cir.No.24/14.01.062/2014-15
April 1, 2015
The Chief Executive Officer
All Primary (Urban) Co-operative Banks /
State and Central Co-operative Banks (StCBs / CCBs)
Madam / Dear Sir,
Know Your Customer (KYC) Guidelines - Accounts of Proprietary Concerns
Please refer to paragraph 2.5(ii) of ourMaster Circular no. UBD.BPD.(PCB) MC.No.16/12.05.001/2014-15 dated July 1, 2014and paragraph 2.5 (vi) ofMaster Circular RPCD. RRB.RCB.AML.BC. No. 02/07.51.01...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1195
|
|
Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934- Regional Rural Banks (RRBs)
Posted Date : 01-Apr-2015 , 06:23:26 pm | Posted By: Vijay
RBI/2014-15/531
DBR.RRB.BC.No.82/31.04.002/2014 -15
April 1, 2015
All Regional Rural Banks
Dear Sir/Madam,
Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934- Regional Rural Banks (RRBs)
We advise that the names of two Regional Rural Banks have been included in the Second Schedule to the Reserve Bank of India Act, 1934 by notificationsRPCD.CO.RRB.BC.No.18/03.05.100/ 2014-15 dated July 28, 2014andDBR.RRB.No.7946/03.05.100/2014-15 dated February ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 859
|
|
The Companies (Acceptance of Deposits) Amendment Rules, 2015 notified by MCA
Posted Date : 01-Apr-2015 , 03:41:39 pm | Posted By: CASANSAAR
MCA has notified the Companies (Acceptance of Deposits) Amendment Rules, 2015 dated March 31, 2015.
"To allot any share, stock, bond, or debenture within a specified period, if a company receives any amount by way of subscriptions to any shares, stock, bonds or debentures before the 1st April,2014 and disclosed in the balance sheet for the financial year ending on or before the 31st March,2014 against which the allotment is pending on the 31st March,2015, the company shall, by the1st J...
Continue Reading...
Category :
Companies Act |
Comments :
0 | Hits : 1311
|
|
Prudential Guidelines on Capital Adequacy and Liquidity Standards - Amendments
Posted Date : 01-Apr-2015 , 07:56:05 am | Posted By: CASANSAAR
RBI/2014-15/529
DBR.No.BP.BC.80/21.06.201/2014-15
March 31, 2015
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir,
Prudential Guidelines on Capital Adequacy and Liquidity Standards - Amendments
As you are aware, the Reserve Bank has issued and implemented prudential guidelines on capital adequacy framework and liquidity standards for banks operating in India. These guidelines have been framed based on the internationally accepted reform package, as agreed...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 903
|
|
FEMA Circular - Risk Management and Inter-bank Dealings: Revised Position Limits for Foreign Portfolio Investors (FPIs) in the Exchange Traded Currency Derivatives (ETCD) market
Posted Date : 01-Apr-2015 , 07:51:17 am | Posted By: CASANSAAR
RBI/2014-15/527
A.P.(DIR Series) Circular No. 91
Mar 31, 2015
To All Category - I Authorised Dealer banks
Madam / Sir,
Risk Management and Inter-bank Dealings: Revised Position Limits for Foreign Portfolio Investors (FPIs) in the Exchange Traded Currency Derivatives (ETCD) market
Attention of Authorized Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 ...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 927
|
|
FEMA Circular - Revised Position Limits for Foreign Portfolio Investors (FPIs) in the Exchange Traded Currency Derivatives (ETCD) market
Posted Date : 01-Apr-2015 , 07:49:03 am | Posted By: CASANSAAR
RBI/2014-15/527
A.P.(DIR Series) Circular No. 91
Mar 31, 2015
To All Category - I Authorised Dealer banks
Madam / Sir,
Risk Management and Inter-bank Dealings: Revised Position Limits for Foreign Portfolio Investors (FPIs) in the Exchange Traded Currency Derivatives (ETCD) market
Attention of Authorized Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 ...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 965
|
|
DVAT Circular - Filing of reconciliation return for the year 2013-14.
Posted Date : 31-Mar-2015 , 08:40:20 pm | Posted By: CASANSAAR
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI
DEPARTMENT OF TRADE AND TAXES
(POLICY BRANCH)
VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002
No.F.7(420)/VAT/Policy/2011/PF/948-954
DVAT CIRCULAR NO. 30 of 2014-15
Dated: 31/03/2015
Sub: Filing of reconciliation return for the year 2013-14.
In exercise of the powers conferred upon me by first proviso tosub-rule (3) of Rule 4ofCentral Sales Tax (Delhi) Rules, 2005I, Sanjeev Khirwar, Commissioner, Value Added Tax, do here...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 1189
|
|
RBI Circular - Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Himachal Pradesh State Cooperative Bank Ltd., Shimla
Posted Date : 31-Mar-2015 , 06:36:11 pm | Posted By: Vijay
RBI/2014-15/525
DCBR CO.RCBD.BC.No.21/19.51.025/2014-15
March 31, 2015
To
All State Cooperative Banks/
Central Cooperative Banks
Dear Sir,
Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Himachal Pradesh State Cooperative Bank Ltd., Shimla
We advise that the name of “Himachal Pradesh State Cooperative Bank, Ltd. Shimla'; has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by Notification DCBR.CO.RCBD-01/19....
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1033
|
|
RBI Circular - Filing of ‘Nil’ CTR / NTR
Posted Date : 31-Mar-2015 , 06:34:15 pm | Posted By: Vijay
RBI/2014-15/523
DCBR.BPD(PCB/RCB)Cir. No. 22/14.01.062/2014-15
March 31, 2015
The Chief Executive Officer
All Primary (Urban) Co-operative Banks /
State and Central Co-operative Banks (StCBs / CCBs)
Filing of ‘Nil’ CTR / NTR
Dear Sir/ Madam,
Please refer toPara 2.17, 2.18 and 2.19of our Master Circular UBD. BPD.(PCB)MC.No.16/12.05.001/2014-15 dated July 1, 2014 andPara 2.19of Master Circular RPCD.RRB.RCB.AML.BC.No.02/07.51.018/2014-15 dated July 1, 2014 on Know Your...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 960
|
|
RBI Circular - Utilisation of Floating Provisions/Counter Cyclical Provisioning Buffer
Posted Date : 30-Mar-2015 , 06:24:56 pm | Posted By: Vijay
RBI/2014-15/522
DBR.No.BP.BC.79/21.04.048/2014-15
March 30, 2015
The Chairman and Managing Director/Chief Executive Officer
All Scheduled Commercial Banks
(Excluding and Regional Rural Banks)
Madam/Dear Sir,
Utilisation of Floating Provisions/Counter Cyclical Provisioning Buffer
Please refer to ourcircular DBOD.No.BP.BC.89/21.04.048/2005-06 dated June 22, 2006andDBOD.No.BP.BC.68/21.04.048/2006-07 dated March 13, 2007on creation, accounting, disclosures and utilisation of floati...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 836
|
|
CBDT directs Chief CIT(TDS) to take follow-up actions with banks for deposit of TDS of March, 2015
Posted Date : 30-Mar-2015 , 06:02:32 pm | Posted By: Vijay
I am directed to refer to refer this office letter of even number dated,02ndFebruary, 2015 (Copy enclosed) on the above mentioned subject. It is reiterated that necessary follow-up action with the banks assessed in your region may please be taken for deposit of TDS daring the month of March, 2015.
CBDT
...
Continue Reading...
Category :
CBDT |
Comments :
0 | Hits : 1044
|
|
MCA Circular - Amounts received by private companies from their members, directors or their relatives before 1st April 2014
Posted Date : 30-Mar-2015 , 03:59:53 pm | Posted By: Vijay
Stakeholders have sought clarifications as to whether amounts received
by private companies from their members, directors or their relatives prior to
1st April, 2014 shall be considered as deposits under the Companies Act, 2013
as such amounts were not treated as 'deposits' under section 58A of the
Companies Act, 1956 and rules made thereunder.
MCA Circular
...
Continue Reading...
Category :
Companies Act |
Comments :
0 | Hits : 1200
|
|
Revised Regulatory Framework for NBFCs
Posted Date : 27-Mar-2015 , 09:26:39 pm | Posted By: CASANSAAR
RBI/2014-15/520
DNBR (PD) CC.No. 024/ 03.10.001/ 2014-15
March 27, 2015
All NBFCs (excluding Primary Dealers)
Dear Sirs,
Revised Regulatory Framework for NBFCs
Please refer to the revised regulatory framework issued videDNBR (PD) CC.No. 002/ 03.10.001/ 2014-15 dated November 10, 2014(the circular). At para 14 of the circular it was mentioned that the Notifications in this regard shall follow.
2. In this connection, the following Notifications are enclosed for meticulous compli...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 893
|
|
RBI Circular - Implementation of Section 51-A of UAPA
Posted Date : 27-Mar-2015 , 07:47:56 pm | Posted By: Aarti Sharma
RBI/2014-15/519
DNBR (PD).CC.No 024/03.10.042 /2014-15
March 27, 2015
All NBFCs
Dear Sirs,
Implementation of Section 51-A of UAPA, 1967-UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida Sanctions List and UNSCR 1988 (2011) Taliban Sanctions List- Modification in the Listing Format
A reference is invited to our circulars issued from time to time advising about amendments /additions/ deletions to UNSCR 1267(1999) /1989 (2011) Al Qaida Sanction list and UNSCR 1988 (2011) Taliba...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 819
|
|
|
|
