Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards
Posted Date : 02-Jan-2015 , 03:29:06 pm | Posted By: Rupa Kaushik
RBI/2014-15/380DPSS. CO. AD. No.1195/02.27.005/2014-15
January 2, 2015
To
All Payment System Providers, System Participantsand Prepaid Payment Instrument Issuers
Dear Sir /Madam,
Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards
Please refer to our circulars/instructions issued from time to time on the captioned subject. In this regard, we enclose a copy of thecircular DBR.AML. No.6704/14.01.001/2014-15 dated November 5, 2014issued by Department of Banking...
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RBI |
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The Companies (Cost Records and Audit) Amendment Rules,2014 - MCA
Posted Date : 02-Jan-2015 , 02:09:47 pm | Posted By: CASANSAAR
MCA has notified the much awaited amendments to Cost Rules.
Cost Records applicable if turnover exceeds Rs.35 cr. Cost Audit applicability if turnover exceeds Rs.50 Cr (Regulated Industry), Rs.100 Cr. (Others).
Refer Detailed Notification at:
http://www.mca.gov.in/Ministry/pdf/Amendment_Rules_01012014.pdf...
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Corporate Laws |
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Security for External Commercial Borrowings
Posted Date : 01-Jan-2015 , 08:04:59 pm | Posted By: CASANSAAR
RBI/2014-15/377A.P. (DIR Series) Circular No. 55
January 01, 2015
To
All Authorised Dealer Category-I Banks
Madam/ Sir
Security for External Commercial Borrowings
Attention of Authorised Dealers Category-I (AD Category-I) banks is invited to Paragraphs 1 (A)(vii) and 1 (B) (vi) ofAnnex to A P (DIR Series) Circular No. 5 dated August 1, 2005andA P (DIR Series) Circular No. 1 dated July 11, 2008relating to creation of charge over securities for External Commercial Borrowings (ECB).
2. Unde...
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Implementation of Cheque Truncation System - Dispensation of the requirement of forwarding of government cheques in physical form to government
Posted Date : 01-Jan-2015 , 04:08:57 pm | Posted By: Rupa Kaushik
RBI/2014-15/375DGBA.GAD.No.H - 2887/42.01.035/2014 -15
January 1, 2015
The Chairman/Chief Executive OfficerAll agency banks
Dear Sir
Implementation of Cheque Truncation System - Dispensation of the requirement of forwarding of government cheques in physical form to government
Please refer to ourcircular DGBA.GAD.No.H - 1463/42.01.035/2014-15 dated September 30, 2014wherein it was stated that the discontinuation of P2F for government cheques was to be implemented with effect from Jan...
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Regarding 24x7 Customs clearance
Posted Date : 01-Jan-2015 , 08:12:00 am | Posted By: CASANSAAR
Circular No. 19/ 2014-Customs
F. No. 450/25/2009-Cus IV
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Excise and Customs)
*****
Room No. 229-A, North Block
New Delhi, dated 31.12.2014
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:24x7 Customs clearance &nda...
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Custom |
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Revised format of reporting - Representative Offices of Foreign Banks in India
Posted Date : 01-Jan-2015 , 08:10:19 am | Posted By: CASANSAAR
RBI/2014-15/374DBR.IBD.No.9745/23.13.001/2014-15
December 31, 2014
The Chief RepresentativeAll Representative Offices of Foreign Banks in India
Madam/Dear Sir,
Revised format of reporting - Representative Offices of Foreign Banks in India
Representative Offices of foreign banks in India are currently required to submit information/documents on an annual basis to Reserve Bank of India as under:
a certificate from the auditor to the effect that during the year no income was earned by/ ac...
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RBI |
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Withdrawal of all old series of Banknotes issued prior to 2005
Posted Date : 01-Jan-2015 , 08:09:29 am | Posted By: CASANSAAR
RBI/2014-15/373DCM(Plg) No.G-8 /3004/10.27.00/2014-15
December 31, 2014
The Chairman / Managing Director/ Chief Executive OfficerAll Scheduled Commercial BanksPrimary(Urban) Co-operative Banks/RRBs
Dear Sir /Madam
Withdrawal of all old series of Banknotes issued prior to 2005
Please refer to ourcircular DCM (Plg) No. G-19/3880/10.27.00/2013-14 dated March 03, 2014and thePress Release dated March 03, 2014on the captioned subject.
2. On a review of the matter, it has been decided to extend t...
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Inter-Governmental Agreement (IGA) with United States of America (US) under Foreign Accounts Tax Compliance Act (FATCA)- Registration
Posted Date : 31-Dec-2014 , 08:26:27 am | Posted By: CASANSAAR
RBI/2014-15/372DBR. AML.No. 9644/14.07.018/2014-15
December 30, 2014
The Chairpersons / CEOs of all Scheduled Commercial BanksRRBs/Local Area Banks / All India Financial Institutions
Dear Madam/Sir,
Inter-Governmental Agreement (IGA) with United States of America (US)under Foreign Accounts Tax Compliance Act (FATCA)- Registration
Please refer to ourcircular DBOD. AML. No. 20472 /14.07.018/2013-14 dated June 27, 2014on the captioned subject.
2. Government of India, has now advised that to a...
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RBI |
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Overseas Direct Investments by Indian Party – Rationalization / Liberalization
Posted Date : 29-Dec-2014 , 09:42:57 pm | Posted By: CASANSAAR
RBI/2014-15/371A.P. (DIR Series) Circular No.54
December 29, 2014
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Overseas Direct Investments by Indian Party – Rationalization / Liberalization
Attention of the Authorised Dealer (AD - Category I) bank is invited to Regulation 18 and 18A ofNotification No. FEMA.120/RB-2004 dated July 7, 2004[Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004] (the Notification), as amended fro...
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FEMA |
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CBDT issues new guidelines for compounding of offences
Posted Date : 29-Dec-2014 , 08:56:24 am | Posted By: CASANSAAR
In the light of various references received from the field formation from timeto time, existing guidelines on compounding of offences under Income-tax Act,1961 (the Act) have been reviewed and in supersession of the same, includingthe guidelines issued vide F.No. 285/90/2008-IT(Inv.)/12 dated 16 thMay 2008,the following guidelines are issued for compliance by all concerned....
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Income Tax |
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Govt. notifies 'Reliance Retirement Fund' as pension fund for purpose of Sec. 80C deduction
Posted Date : 29-Dec-2014 , 08:54:16 am | Posted By: CASANSAAR
Govt. notifies 'Reliance Retirement Fund' as pension fund for purpose of Sec. 80C deduction for the A.Y.2015-16...
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Income Tax |
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Regarding inclusion of cases filed in the Settlement Commission in the “Call-Book”-
Posted Date : 26-Dec-2014 , 12:36:37 pm | Posted By: Ravich
Circular 992/16/2014-CX
dated26.12.2014
F. No. 201/26/2013-CX.6
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Custom
To
Principal Chief Commissioner/ Chief Commissioner of Central Excise (All),
Principal Chief Commissioner/ Chief Commissioner of Central Excise & Customs (All)
Principal Commissioner/ Commissioner of Central Excise (All)
Principal Commissioner/ Commissioner of Central Excise & Customs (All)
We...
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Excise |
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Secondary Market Transactions in Government Securities – Short Selling
Posted Date : 25-Dec-2014 , 11:13:52 am | Posted By: Rupa Kaushik
RBI/2014-15/365FMRD.DIRD.02/14.03.007/2014-15
December 24, 2014
All market participants
Dear Sir/Madam
Secondary Market Transactions in Government Securities – Short Selling
This has reference tocircular IDMD.No.03/11.01.01(B)/2005-06 dated February 28, 2006, as updated videcirculars IDMD.No/11.01.01(B)/2006-07 dated January 31, 2007,IDMD.DOD.No. 3165/ 11.01.01(B) / 2007-08 dated January 1, 2008,IDMD.PCD.14/14.03.07/2011-12 dated December 28, 2011,IDMD....
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Regarding review of Accredited Clients Programme (ACP)
Posted Date : 22-Dec-2014 , 06:39:10 pm | Posted By: CASANSAAR
Circular No. 18/2014-Cus
F.No.450/90/2010-Cus.IV
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Excise & Custom)
New Delhi, dated the 22ndDecember, 2014
To
All Chief Commissioners of Customs/Customs (Prev.)
All Chief Commissioners of Customs & Central Excise
All Commissioners of Custom /Customs (Prev.)
All Commissioners of Customs & Central Excise
All Directors General under CBEC.
Subject:Review of Accredited Clients Programme (ACP) -...
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Custom |
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Levy of penal charges on non-maintenance of minimum balances in savings bank accounts
Posted Date : 22-Dec-2014 , 06:36:21 pm | Posted By: CASANSAAR
RBI/2014-15/363DBR.RRB.BC.No.55/03.05.33/2014-15
December 22, 2014
All Regional Rural Banks
Dear Sir/Madam,
Levy of penal charges on non-maintenance of minimum balances in savings bank accounts
Please refer to ourcircular RPCD.CO.RRB.BC.No.100/03.05.33/2013-14 dated May 12, 2014on ‘Customer Service in Regional Rural Banks’ advising RRBs to inform customers, in a transparent manner, regarding the requirement of minimum balance in savings bank account and levy of penal charges for...
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Non-Cooperative Borrowers
Posted Date : 22-Dec-2014 , 04:22:43 pm | Posted By: Rupa Kaushik
RBI/2014-15/362DBR.No.CID.BC.54/20.16.064/2014-15
December 22, 2014
All Scheduled Commercial Banks(Excluding RRBs)All-India Term-Lending and Refinancing Institutions(Exim Bank, NABARD, NHB and SIDBI)
Dear Sir / Madam
Non-Cooperative Borrowers
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 Action Plan (CAP)’ which inter-a...
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RBI |
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CBDT directs AOs to stop coercing taxpayers for admitting undisclosed income during search/survey proceedings
Posted Date : 19-Dec-2014 , 06:05:20 pm | Posted By: CASANSAAR
CBDT directs AOs to stop coercing taxpayers for admitting undisclosed income during search/survey proceedings....
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Income Tax |
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F-TRAC – Counterparty Confirmation
Posted Date : 19-Dec-2014 , 04:05:44 pm | Posted By: Rupa Kaushik
RBI/2014-15/361FMRD.FMID.01/14.01.02/2014-15
December 19, 2014
All RBI regulated entities
Madam/Sir,
F-TRAC – Counterparty Confirmation
A reference is invited to RBIcircular IDMD.PCD. 13 /14.01.02/2013-14 dated June 25, 2014regarding reporting of OTC trades in Commercial Papers (CPs) and Certificate of Deposits (CDs); and OTC repo trades in corporate debt securities, CPs, CDs and non-convertible debentures (NCDs) of original maturity less than one year on F-TRAC - the reporting platfo...
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RBI |
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Regarding authentication of supply invoice/ ARE-3 by the Central Excise Authorities for Claiming Deemed export benefits
Posted Date : 18-Dec-2014 , 11:25:57 pm | Posted By: CASANSAAR
Circular No.17/2014-Customs
F.No.605/75/2014-DBK
Government of India
Ministry of Finance, Department of Revenue
Central Board of Excise& Customs
Drawback Division
New Delhi, datedthe 18thDecember, 2014
To
All Chief Commissioners under CBEC
All Directors General under CBEC / Chief Commissioner (AR), CESTAT
All Commissioners under CBEC.
Ma’am/Sir,
Subject:Authentication of supply invoice/ ARE-3 by the Central Excise Authorities for Claiming Deemed export benefits-re...
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Custom |
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Regarding re-warehousing of goods imported and/or procured indigenously by EOU/EHTP/STP/BTP units
Posted Date : 18-Dec-2014 , 11:25:04 pm | Posted By: CASANSAAR
Circular No.16/2014-Customs
F.No. 605/75/2014-DBK
Government of India
Ministry of Finance, Department of Revenue
Central Board of Excise& Customs
Drawback Division
New Delhi, datedthe 18thDecember, 2014
To
All Chief Commissioners under CBEC
All Directors General under CBEC / Chief Commissioner (AR), CESTAT
All Commissioners under CBEC.
Ma’am/Sir,
Subject:Re-warehousing of goods imported and/or procured indigenously by EOU/EHTP/STP/BTP units-reg.
Attention is draw...
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Category :
Custom |
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Regarding norms for Execution of Bank Guarantee in respect of Advance License/Export Promotion Capital Goods (EPCG) Schemes
Posted Date : 18-Dec-2014 , 11:24:08 pm | Posted By: CASANSAAR
Circular No. 15/2014-Customs
F.No.605/144/2013-DBK
Government of India
Ministry of Finance, Department of Revenue
Central Board of Excise& Customs
Drawback Division
New Delhi, datedthe 18thDecember, 2014
To
All Chief Commissioners of Customs / Customs (Prev)/ Central Excise & Customs,
All Directors General of CBEC / Chief Commissioner (AR), CESTAT,
All Commissioners of Customs/Customs (Prev)/Customs & Central Excise/Commissioners (Appeals)
Ma’am/Sir,
Subject...
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Category :
Custom |
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Amendment to CESTAT Appeal Forms – reg
Posted Date : 17-Dec-2014 , 10:48:24 pm | Posted By: CASANSAAR
Circular No. 991/15/2014-CX
F.No.390/Misc./46/2011-JC
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
New Delhi, dated 17th December, 2014
To,
1. All Principal/Chief Commissioners and Director Generals under the Central Board of Excise and Customs.
2. Chief Commissioner (AR), CESTAT, New Delhi.
3. All Principal/Commissioners of Customs / Central Excise/ Service Tax.
4. Registrar, CESTAT, New Delhi, Deputy/Assistant Registrar, CESTAT,...
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Excise |
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Foreign Exchange Management (Deposit) Regulations, 2000 - Exemption thereof
Posted Date : 17-Dec-2014 , 05:18:18 pm | Posted By: Ravich
RBI/2014-15/360A.P. (DIR Series) Circular No.51
December 17, 2014
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Foreign Exchange Management (Deposit) Regulations, 2000- Exemption thereof
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Regulation 4(5) of the Foreign Exchange Management (Deposit) Regulations, 2000, notified videNotification No. FEMA 5/2000-RB dated May 3, 2000, as amended from time to time, in terms of which nothing contained ...
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RBI |
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CBDT notifies limit of 50% Govt. grant for deeming university/hospitals as substantially funded by Govt.
Posted Date : 16-Dec-2014 , 09:19:18 pm | Posted By: CASANSAAR
S.O. 3168 (E). – In exercise of the powers conferred by section 295 read with sub-clauses (iiiab) and(iiiac) of clause (23C) of section 10of the Income-tax Act, 1961 (43 of 1961), the Central Board ofDirect Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-...
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Income Tax |
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Rupee Drawing Arrangement – Delegation of work to Regional Offices-Submission of Statements / Returns
Posted Date : 16-Dec-2014 , 09:15:34 pm | Posted By: CASANSAAR
RBI/2014-15/358A.P.(DIR Series) Circular No.50
December 16, 2014
To
All Authorised Dealer Category - I Banks
Madam/ Sir,
Rupee Drawing Arrangement – Delegation of work to Regional Offices-Submission of Statements / Returns
Attention of Authorised Dealer Category – I (AD Cat – I) banks is invited toA.P. (DIR Series) Circular No. 28 [A. P. (FL/RL Series) Circular No. 02] dated February 6, 2008on Memorandum of Instructions for Opening and Maintenance...
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Category :
FEMA |
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Money Transfer Service Scheme – Delegation of work to Regional Offices-Submission of Statements / Returns
Posted Date : 16-Dec-2014 , 09:14:24 pm | Posted By: CASANSAAR
RBI/2014-15/357A.P. (DIR Series) Circular No.49
December 16, 2014
To
All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme
Madam/ Sir,
Money Transfer Service Scheme– Delegation of work to Regional Offices-Submission of Statements / Returns
Attention of Authorised Persons, who are Indian Agents under Money Transfer Service Scheme (MTSS) is invited to theA.P. (DIR Series) Circular No. 89 dated March 12, 2013on Money Transfer Service Scheme – Revised Gu...
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FEMA |
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Decrease in Held to Maturity (HTM) limits for Standalone PDs
Posted Date : 16-Dec-2014 , 08:26:37 am | Posted By: CASANSAAR
RBI/2014-15/351IDMD.PDRD.No.7/03.64.00/2014-15
December 15, 2014
To
All Standalone Primary Dealers
Dear Sir/Madam,
Decrease in Held to Maturity (HTM) limits for Standalone PDs
A reference is invited to ourcircular IDMD.PDRD.No.828/03.64.00/2013-14 dated September 10, 2013and para 10.6 of ourMaster Circular IDMD.PDRD.01/03.64.00/2014-15 dated July 01, 2014on Operational Guidelines to Primary Dealers regarding quantum of securities that can be classified as HTM.
2. Taking into consideration...
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RBI |
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Extension of RTGS time window
Posted Date : 16-Dec-2014 , 08:10:08 am | Posted By: CASANSAAR
RBI/2014–15/352DPSS (CO) RTGS No. 1064 / 04.04.002 / 2014-15
December 15, 2014
The Chairman / Managing Director / ChiefExecutive Officer of participants of RTGS
Madam / Sir,
Extension of RTGS time window
It has been the endeavour of the Reserve Bank of India to keep enhancing the systems, procedures, etc. to meet the growing needs of the markets/ customers. The launch of the new RTGS system in October 2013 was one of the steps taken by the Bank for catering to the growing volume and t...
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RBI |
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Flexible Structuring of Existing Long Term Project Loans to Infrastructure and Core Industries
Posted Date : 15-Dec-2014 , 06:07:52 pm | Posted By: Ravich
RBI/2014-15/354DBR.No.BP.BC.53/21.04.132/2014-15
December 15, 2014
The Chairman and Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(Excluding Local Area Banks and Regional Rural Banks)
Dear Sir,
Flexible Structuring of Existing Long Term Project Loans toInfrastructure and Core Industries
Please refer to ourcircular DBOD.No.BP.BC.24/21.04.132/2014-15 dated July 15, 2014on Flexible Structuring of Long Term Project Loans to Infrastructure and Core Industries.
2. In ter...
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RBI |
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Special Deposit Scheme 1975 – Payment of interest for the calendar year 2014
Posted Date : 12-Dec-2014 , 09:01:00 pm | Posted By: CASANSAAR
RBI/2014-15/350IDMD (DGBA).CDD.No.2600/15.01.001/2014-15
December 12, 2014
The Chairman & Managing DirectorHead OfficeGovernment Accounts DepartmentState Bank of India / State Bank of PatialaState Bank of Bikaner & Jaipur /State Bank of TravancoreState Bank of Hyderabad / State Bank of MysoreAllahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra/Canara Bank / Central Bank of India / Corporation Bank / Dena Bank / Indian Bank/Indian Overseas Bank / Oriental Bank of Commer...
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RBI |
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