Flexible Structuring of Long Term Project Loans to Infrastructure and Core Industries
Posted Date : 19-Jan-2015 , 09:42:38 pm | Posted By: CASANSAAR
RBI/2014-15/413 DNBR.PD.CC.No.012/03.10.001/2014-15
January 19, 2015
All NBFCs
Dear Sirs,
Flexible Structuring of Long Term Project Loans to Infrastructure and Core Industries
Based on the announcement made in the Union Budget 2013-14, Reserve Bank issued guidelines to banks for flexible structuring and refinancing of fresh term loans to long term project loans to infrastructure and core industries vide circulars DBOD.No.BP.BC.24/ 21.04.132/2014-15 dated July 15, 2014 and ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 877
|
 |
Regarding Export and Import of Currency
Posted Date : 17-Jan-2015 , 08:11:49 am | Posted By: CASANSAAR
Attention is invited to Regulation (3) of Foreign Exchange Management (Exportand Import of Currency) (Amendment) Regulations, 2009, notified vide NotificationNo.FEMA.258/2013-RB dated February 15, 2013 and A.P. (DIR Series) Circular No.No. 39 dated September 6, 2013 in terms of which, any person resident in India maytake outside India or having gone out of India on a temporary visit, may bring into India(other than to and from Nepal and Bhutan) currency notes of Government of India andReserve Ba...
Continue Reading...
Category :
Custom |
Comments :
0 | Hits : 1016
|
|
Computation of Net-worth
Posted Date : 17-Jan-2015 , 08:03:10 am | Posted By: CASANSAAR
RBI/2014-15/411DPSS.CO.AD.No.1344 02.27.005/2014-15
January 16, 2015
All the entities authorised under PSS Act, 2007
Dear Madam/ Sir,
Computation of Net-worth
As you are aware, under the Payment and Settlement Systems Act, 2007 (PSS Act) an entity operating a payment system within the country has to obtain authorisation from the Reserve Bank of India. The Reserve Bank has from time to time issued guidelines in respect of the eligibility criteria for authorisation of Payment System Operators...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1148
|
|
Review of Guidelines on Restructuring of Advances by NBFCs
Posted Date : 17-Jan-2015 , 08:02:16 am | Posted By: CASANSAAR
RBI/2014-15/410DNBR.CO.PD.No.011/03.10.01/2014-15
January 16, 2015
All NBFCs excluding Primary Dealers
Dear Sirs,
Review of Guidelines on Restructuring of Advances by NBFCs
Please refer tocircular DNBS.CO.PD.No.367/03.10.01/2013-14, dated January 23, 2014, on the captioned subject.
2. In terms of extant instructions contained in the above mentioned circulars, revisions of the date of commencement of commercial operations (DCCO) and consequential shift in repayment ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 860
|
|
Entry of Banks into Insurance Business
Posted Date : 16-Jan-2015 , 07:49:36 am | Posted By: CASANSAAR
RBI/2014-2015/409DBR.No.FSD.BC.62/24.01.018/2014-15
January 15, 2015
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir/ Madam,
Entry of Banks into Insurance Business
Please refer to ourCircular DBOD.No.FSC.BC.16/24.01.018/2000-2001 dated August 9, 2000which,inter alia,permitted banks to set up insurance joint ventures on risk participation basis and also to undertake insurance business as agents of insurance companies on fee basis, without any risk participation by banks and their sub...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 907
|
|
Regarding simplification of Customs procedures for shipping
Posted Date : 16-Jan-2015 , 07:47:23 am | Posted By: CASANSAAR
Circular No. 02/2015-Customs
F. No. 450/221/2014-Cus IV
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
*****
New Delhi, dated: 15.01.2015
To
The Chief Commissioner of Customs/Customs (Preventive)
The Chief Commissioner of Customs and Central Excise
The Commissioner of Customs/Customs (Preventive)
The Commissioner of Customs and Central Excise
Sir/ Madam
Subject:Simplification of Customs procedures for shipping – regar...
Continue Reading...
Category :
Custom |
Comments :
0 | Hits : 1042
|
|
Foreign Contribution (Regulation) Act, 2010 – Receipt of foreign contribution by Individuals / NGOs / Organisations from certain donors
Posted Date : 15-Jan-2015 , 07:44:17 pm | Posted By: CASANSAAR
RBI/2014-15/408DCBR.BPD (PCB/RCB) Cir.No.13/14.01.062/2014-15
January 15, 2015
The Chief Executive Officer,All Primary (Urban) Co-operative Banks/State and Central Co-operative Banks (StCBs / CCBs)
Madam/Dear Sir,
Foreign Contribution (Regulation) Act, 2010 – Receipt of foreign contribution by Individuals / NGOs / Organisations from certain donors - Primary (Urban) Co-operative Banks (UCBs)/State and Central Co-operative Banks
Under Section 46 of the Foreign Contributions (Regulation)...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1036
|
|
Liquidity Adjustment Facility – Repo and Reverse Repo Rates
Posted Date : 15-Jan-2015 , 02:31:30 pm | Posted By: Rupa Kaushik
RBI/2014-2015/403FMOD.MAOG. No. 104/01.01.001/2014-15
January 15, 2015
All Scheduled Commercial Banks (excluding RRBs), Scheduled Urban Co-operative Banks and Standalone Primary Dealers
Dear Sir,
Liquidity Adjustment Facility – Repo and Reverse Repo Rates
As announced by the Governor today, it has been decided to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 8.00 per cent to7.75 per centwith immediate effect.
2. Consequent to the change in...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 847
|
|
Marginal Standing Facility
Posted Date : 15-Jan-2015 , 02:29:58 pm | Posted By: Rupa Kaushik
RBI/2014-2015/404FMOD.MAOG.No.105/01.18.001/2014-15
January 15, 2015
All Scheduled Commercial Banks (excluding RRBs)
Dear Sir,
Marginal Standing Facility
As announced by the Governor today, it has been decided to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 8.00 per cent to7.75 per centwith immediate effect.
2. Consequent to the change in the Repo rate, the Marginal Standing Facility (MSF) rate will stand adjusted to8.75 per centwith immediate ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 840
|
|
Membership of Credit Information Companies (CICs)
Posted Date : 15-Jan-2015 , 02:28:36 pm | Posted By: Rupa Kaushik
RBI/2014-2015/405DBR.No.CID.BC.60/20.16.056/2014-15
January 15, 2015
All Scheduled Commercial Banks (including RRBs & LABs),All India Notified Financial Institutions, andAll Credit Information Companies
Dear Sir / Madam
Membership of Credit Information Companies (CICs)
The Report of the Committee to Recommend Data Format for Furnishing of Credit Information to Credit Information Companies (Chairman: Shri Aditya Puri) constituted by the Reserve Bank of India (RBI) was placed on RBI&rsquo...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1010
|
|
Standing Liquidity Facilities for Banks and Primary Dealers
Posted Date : 15-Jan-2015 , 12:19:00 pm | Posted By: Rupa Kaushik
RBI/2014-15/402REF.No.MPD.BC. 375/07.01.279/2014-15
Pausha 25, 1936 (Sake)January 15, 2015
To
All Scheduled Banks [excluding Regional Rural Banks(RRBs) ]and Primary Dealers
Dear Sir/Madam,
Standing Liquidity Facilities forBanks and Primary Dealers
Please refer to theStatement by Dr. Raghuram G Rajan, Governor on Monetary Policy dated January 15, 2015, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25 basis points from 8.0 per cent to 7.75 ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 823
|
|
Risk Management and Inter Bank Dealings: Hedging under Past Performance Route- Liberalisation of Documentation Requirements in the OTC market
Posted Date : 14-Jan-2015 , 06:34:47 pm | Posted By: CASANSAAR
RBI/2014-15/401A.P. (DIR Series) Circular No.58
January 14, 2015
ToAll Category - I Authorised Dealer Banks
Madam / Sir,
Risk Management and Inter Bank Dealings: Hedging under Past Performance Route- Liberalisation of Documentation Requirements in the OTC market
Attention of Authorised Dealers Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA/25/RB-2000 dated May 3...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 887
|
|
Clarification regarding applicability of section 143(1D) of the Income-tax Act, 1961
Posted Date : 14-Jan-2015 , 08:46:24 am | Posted By: CASANSAAR
Subject: – Clarification regarding applicability of section 143(1D) of the Income-tax Act, 1961 -reg.
Sub-section (ID) of section 143 of the Income-tax Act, 1961 (‘Act’) provides that where a notice has been issued to a taxpayer under sub-section (2) of section 143 of the Act, it shall not be necessary to process the return in such a case.
2. Some doubts have been expressed, in view of the words “shall not be necessary” used in the said sub-section, as to whet...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1392
|
|
Merging of Commercial invoice and packing list
Posted Date : 12-Jan-2015 , 09:00:57 pm | Posted By: CASANSAAR
Circular No. 01/15-Customs
F. No. 450/25/2013-Cus IV (Pt.)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
New Delhi, dated 12/01/2015
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: Merging of Commercial invoice and packing list – reg
Simpl...
Continue Reading...
Category :
Custom |
Comments :
0 | Hits : 1205
|
|
Notification authorizing officers for filing complaint under section 159 read with section 155 of the Companies Act, 2013
Posted Date : 12-Jan-2015 , 08:55:01 pm | Posted By: CASANSAAR
Notification dated 09.01.2015: Notification authorizing officers for filing complaint under section 159 read with section 155 of the Companies Act, 2013...
Continue Reading...
Category :
Corporate Laws |
Comments :
0 | Hits : 1063
|
|
Inter-Governmental Agreement (IGA) with United States of America (US) under Foreign Accounts Tax Compliance Act (FATCA) - Registration
Posted Date : 09-Jan-2015 , 09:04:40 pm | Posted By: CASANSAAR
RBI/2014-15/397DNBR.CC.PD.No.010/03.10.01/2014-15
January 09, 2015
To
All Non Banking Financial Companies
Dear Sirs,
Inter-Governmental Agreement (IGA) with United States of America (US) under Foreign Accounts Tax Compliance Act (FATCA) - Registration
Please refer tocirculars DNBS (PD).CC.No 401/03.10.42/2014-15 dated July 25, 2014andDBR.AML.No.9644/14.07.018/2014-15 dated December 30, 2014on the captioned subject.
2. Government of India has now advised that to avoid withholding tax, Fore...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 859
|
|
Implementation of Basel III Capital Regulations in India – Revised Framework for Leverage Ratio
Posted Date : 09-Jan-2015 , 08:23:54 am | Posted By: CASANSAAR
RBI/2014-15/396DBR.No.BP.BC.58/21.06.201/2014-15
January 8, 2015
The Chairman and Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(Excluding Regional Rural Banks and Local Area Banks)
Madam / Sir,
Implementation of Basel III Capital Regulations in India – Revised Framework for Leverage Ratio
Please refer to paragraph 20 of the Fourth Bi-Monthly Monetary Policy Statement, 2014-15 announced on September 30, 2014. It was indicated therein that revised guidelines on...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 930
|
|
Gold Loan – Bullet Repayment
Posted Date : 08-Jan-2015 , 05:32:47 pm | Posted By: Rupa Kaushik
RBI/2014-15/395DCBR.CO.BPD (RCB).Cir.No.11/13.05.001/2014-15
January 08, 2015
The Chief Executive OfficerAll State / Central Cooperative Banks (StCBs/CCBs)
Madam / Dear Sir,
Gold Loan – Bullet Repayment
Please refer tocircular RPCD.CO.RF.BC.No.60/07.37.02/2009-10 dated March 5, 2010wherein StCBs/CCBs were permitted to grant gold loans up to Rs. 1.00 lakh with bullet repayment option.
2. On a review, it has been decided to increase the quantum of loan that could be granted und...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 983
|
|
DVAT - Last date for filing form 9 has been extended to 05-02-2015
Posted Date : 08-Jan-2015 , 02:39:21 pm | Posted By: CASANSAAR
DVAT - Last date for filing form 9 has been extended to 05-02-2015....
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 2314
|
|
CBDT to crack whip on officials disclosing taxpayer's info to media; asks them to respect taxpayer's privacy
Posted Date : 07-Jan-2015 , 05:48:43 pm | Posted By: CASANSAAR
SECTION 138 OF THE INCOME-TAX ACT, 1961 - DISCLOSURE OF INFORMATION RESPECTING ASSESSEES TO SPECIFIED OFFICER, AUTHORITY OR BODY PERFORMING FUNCTIONS UNDER ANY OTHER LAW - DISCLOSURE OF INFORMATION ABOUT TAXPAYERS TO MEDIA
OFFICE MEMORANDUM [F.NO.DIR.(HQRS.)/CH.(DT)/29/2014],DATED 1-1-2015
Instances have come to the notice of the Board where information pertaining to individual taxpayers has been published in the print media with specific reference to departmental sources. In some cases, e...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 985
|
|
CBDT plans to celebrate 'Good Governance day' on every Wednesday by holding it as 'public meeting day'
Posted Date : 07-Jan-2015 , 05:47:42 pm | Posted By: CASANSAAR
GOOD GOVERNANCE DAY - INSTRUCTIONS ON OBSERVANCE OF WEDNESDAYS AS A PUBLIC HEARING DAY FOR HEARING PUBLIC GRIEVANCES
OFFICE MEMORANDUM [F.NO.DIR.(HQRS.)/CH.(DT)/29/2013],DATED 6-1-2015
As a part of Prime Minister's 'Good Governance Day' promise to provide an "open and accountable administration" it has been decided that all field offices of the Income Tax Department will observe 'Public Meeting Day' during 10.00 AM to 1.00 PM every Wednesday to listen to and try to resolve the grievances o...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 922
|
|
CBDT asks officials to seek exchange of info. by 15-2-2015 in assessment cases getting time-barred on 31-03-2015
Posted Date : 07-Jan-2015 , 05:46:06 pm | Posted By: CASANSAAR
SECTION 143 OF THE INCOME-TAX ACT, 1961 - ASSESSMENT - GENERAL - REQUEST FOR EXCHANGE OF INFORMATION FROM FIELD OFFICES OF TIME BARRING ASSESSMENT CASES
LETTER (F.NO.500/56/2014-FT&TR-IV],DATED 6-1-2015
The undersigned is directed to state that large number of requests for Exchange of Information (EOI) in time barring assessments/matters are received in FT&TR Division just before the time barring date. It becomes difficult to process and forward such requests after due scrutiny to ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1043
|
|
Online IEC applications: Postponement of the date of operationalisation of Public Notice No. 76 dated the 27th of November, 2014
Posted Date : 07-Jan-2015 , 08:26:57 am | Posted By: CASANSAAR
To be published in the Gazette of India Extraordinary Part-I, Section (I)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan, New Delhi
Public Notice 80 / (RE-2013)/2009-2014
Dated the 06 January, 2015
Subject: Online IEC applications: Postponement of the date of operationalisation of Public Notice No. 76 dated the 27th of November, 2014
In exercise of powers conferred underparagraph 2.4of theForeign Trade Policy (2009-2014), the Director Gene...
Continue Reading...
Category :
Corporate Laws |
Comments :
0 | Hits : 1398
|
|
CBDT issues draft standard operating procedures for administering TDS
Posted Date : 07-Jan-2015 , 08:25:24 am | Posted By: CASANSAAR
Standard operating procedures (SOP) for administering TDS incorporating the re-engineered processes developed by the CPC-TDS.
1. TDS is a non-obtrusive but powerful instrument to prevent tax evasion as well as to expand thetax net. TDS also minimizes tax avoidance by the taxpayer (income earners), as the payee’stransaction(s) are reported to the Department by the third person. The contribution of TDS to theoverall gross direct taxes collections during F.Y.2013-14 was Rs.2,71,069 crore. Th...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1322
|
|
Non-resident guarantee for non-fund based facilities entered between two resident entities
Posted Date : 06-Jan-2015 , 05:57:22 pm | Posted By: Rupa Kaushik
RBI/2014-15/387A.P. (DIR Series) Circular No. 56
January 6, 2015
To
All Authorised Dealer Category - I Banks
Madam /Sir
Non-resident guarantee for non-fund based facilities entered between two resident entities
Attention of Authorised Dealer Category - I (AD Category - I) banks is invited toA. P. (DIR Series) Circular No. 20 dated August 29, 2012in terms of which non-resident guarantee for non-funded facilities such as Letters of Credit/guarantees/Letters of Undertaking (LoU) /Letter of Co...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 813
|
|
Regarding mandatory pre-deposit of duty or penalty for filing appeal
Posted Date : 06-Jan-2015 , 04:14:02 pm | Posted By: Ravich
F. No. 390/Budget/1/2012-JC
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Excise & Customs)
Circular No. 993/17/2014-CX
New Delhi, dated the 5th January, 2015
To,
1. All Principal Chief Commissioners, Central Excise & Service Tax/Customs
2. All Chief Commissioners, Central Excise and Service Tax/ Customs.
3. Chief Commissioner (AR), CESTAT, New Delhi.
4. All Principal Commissioners of Central Excise & Service Tax/Customs.
5. All Commissio...
Continue Reading...
Category :
Custom |
Comments :
0 | Hits : 995
|
|
CBDT specifies class of assessees for Dispute Resolution Panels at Delhi, Mumbai and Bengaluru
Posted Date : 05-Jan-2015 , 08:21:50 am | Posted By: CASANSAAR
IT/ILT : Section 144C of the Income-tax Act, 1961 - Dispute Resolution Panel (DRP) - Reference to – Reconstitution of DRPs at Delhi, Mumbai & Bengaluru –CBDT specifies class of assessees for Dispute Resolution Panels at Delhi, Mumbai and Bengaluru...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 942
|
|
Guidelines for Regional Authorities (RAs) to process Online IEC Applications
Posted Date : 02-Jan-2015 , 08:38:08 pm | Posted By: CASANSAAR
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhavan, New Delhi-110011
Policy Circular No.15 (RE-2013)/2009-2014
Dated the 31st December, 2014
To
All Regional Authorities
Subject: Guidelines for Regional Authorities (RAs) to process Online IEC Applications
The following guidelines are laid down as instructions for the Regional Authorities to process Online IEC Applications:
Part A: General Information:
1. Fro...
Continue Reading...
Category :
Corporate Laws |
Comments :
0 | Hits : 1493
|
|
Roadmap-Provision of Banking Services in Villages with Population below 2000
Posted Date : 02-Jan-2015 , 03:32:31 pm | Posted By: Rupa Kaushik
RBI/2014-15/382FIDD.CO.LBS.BC.No. 47/02.01.001/2014-15
January 2, 2015
CMDs of all SLBC Convenor Banks and Lead Banks
Dear Sir/Madam,
Roadmap-Provision of Banking Services in Villages with Population below 2000
You are aware that the Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched by the Hon’ble Prime Minister on 28th August, 2014 and Phase I of PMJDY is being implemented through banks in a time bound manner for completion by August 14, 2015.
2. In this connection, attention is i...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 850
|
|
Brand/Name of products offered by authorised entities – Dissemination of Information
Posted Date : 02-Jan-2015 , 03:31:00 pm | Posted By: Rupa Kaushik
RBI/2014-15/381DPSS.CO.AD.No.1204/02.27.005/2014-15
January 2, 2015
All the entities authorised under PSS Act, 2007
Dear Madam/ Sir,
Brand/Name of products offered by authorised entities – Dissemination of Information
As you are aware, under the Payment and Settlement Act, 2007 (PSS Act), an entity operating a payment system within the country has to obtain authorisation from Reserve Bank of India (RBI). The Certificate of Authorisation (COA) issued by the Bank to an entity on receivi...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 938
|
|
|
|
