Revisions to Basel II-Advanced Approaches of Operational Risk-TSA and AMA
Posted Date : 17-Oct-2014 , 07:49:36 am | Posted By: CASANSAAR
RBI/2014-15/265DBOD.No.BP.BC.43/21.06.017/2014-15
October 16, 2014
The Chairman and Managing Director /Chief Executive Officer ofAll Scheduled Commercial Banks(Excluding RRBs and Local Area Banks)
Dear Sir,
Revisions to Basel II-Advanced Approaches of Operational Risk-TSA and AMA
Please refer to the Reserve Bank Guidelines on Basel II-Advanced Approaches of Operational Risk as contained in circulars dated March 31, 2010 on ‘Implementation of The Standardised Approach (TSA) for Calcula...
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RBI |
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General Circular dated 15.10.2014: Company Law Settlement Scheme, 2014 (CLSS-2014) - Clarification u/s 164(2) of the Companies Act, 2013
Posted Date : 16-Oct-2014 , 07:55:28 am | Posted By: CASANSAAR
General Circular 41, dated 15.10.2014: Company Law Settlement Scheme, 2014 (CLSS-2014) - Clarification u/s 164(2) of the Companies Act, 2013...
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Corporate Laws |
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Company Law Settlement Scheme, 2014 has now been extended till 15 Nov.2014
Posted Date : 15-Oct-2014 , 11:39:23 pm | Posted By: CASANSAAR
Company Law Settlement Scheme, 2014 has now been extended till 15 Nov.2014...
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Corporate Laws |
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Clarification on matters relating to Consolidated Financial Statement - MCA
Posted Date : 15-Oct-2014 , 03:21:54 pm | Posted By: CASANSAAR
Government has received representations from stakeholders seekingclariflcations on the manner of presentation of notes in Consolidated FinancialStatement (CFS) to be prepared under Schedule III to the Companies Act,2013(Act). These representations have been examined in consultation with thelnstitute of Chartered Accountants of India (ICAI) and it is clarified that Schedulelll to the Act read with the applicable Accounting Standards does not envisagethat a company while preparing its cFS merely r...
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Corporate Laws |
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The Companies (Audit and Auditors) Amendment Rules, 2014.
Posted Date : 15-Oct-2014 , 08:29:31 am | Posted By: CASANSAAR
In exercise of powers conferred by sub-sections (1), (2) and (4) of section 139, sub-sections (1) and (2) of section 140, sub-section (3) of section 141, sub-sections (2), (3), (8) and (12) of section 143, sub-section (3) of section 148 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules to amend the Companies (Audit and Auditors) Rules, 2014, namely:-1. (1) These rules may be called the Companies (Aud...
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Corporate Laws |
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The Companies (Accounts) Amendment Rules, 2014
Posted Date : 15-Oct-2014 , 08:27:53 am | Posted By: CASANSAAR
In exercise of the powers conferred by sub-sections (1) and (3) of section 128, sub-section (3) of section 129, section 133, section 134, sub-section (4) of section 135, sub-section (1) of section 136, section 137 and section 138 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules to amend the Companies (Accounts) Rules, 2014, namely:-1. (1) These rules may be called the Companies (Accounts) Amendment Rules, 2014.(2) They shall c...
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Corporate Laws |
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Refund of deposit under section 160 of the Companies Act, 2013 in certain cases.
Posted Date : 15-Oct-2014 , 08:25:25 am | Posted By: CASANSAAR
Ctarity has been sought by companies registered under section 8 oI theCompanies Act, 2013 (corresponding to section 25 of Companies Act, 1956)about the manner in which the amount of deposit of rupees one lakh receivedby them under sub-section (l) of section 160 of the Companies Act, 2013 (Act)is to be handled if the depositor fails to secure more than twenty hve per centof the total valid votes. It has been noted that the relevant provision is silent onsuch issue....
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Corporate Laws |
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Clarification with regard to Trust / Trustee as a partner in the Limited Liability Partnerships (LLPS)
Posted Date : 15-Oct-2014 , 08:23:39 am | Posted By: CASANSAAR
Clarifications have been sought on whether a trust or a trustee representing a trustin the case of "Real Estate Investment Trust" (REIT) or "lnfrastructure Investment Trust"(lnvlTs) or such other lrusls set up under lhe regulalions prescribed under the Securities &Exchange Board of lndia Act, 1992, can become a partner in an LLP...
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Corporate Laws |
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Levy of service tax on activities involved in relation to inward remittances from abroad to beneficiaries in India through MTSOs
Posted Date : 14-Oct-2014 , 10:05:21 pm | Posted By: CASANSAAR
Circular No. 180/06/2014 –ST
F. No 354/105/2012-TRU (Pt.)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Tax Research Unit
Room No 153, North Block, New Delhi
Dated 14th October, 2014
To
Chief Commissioner of Customs and Central Excise (All)
Chief Commissioner of Central Excise & Service Tax (All)
Director General of Service Tax
Director General of Central Excise Intelligence
Director General of Audit
Commissioner of Cus...
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Service Tax |
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Discontinuation of Certain Reports - Service Tax
Posted Date : 14-Oct-2014 , 10:03:22 pm | Posted By: CASANSAAR
Instruction
F. No. 354/156/2014-TRU
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise Customs
Dated: 10th October, 2014
To
All Chief Commissioners of Customs/Central Excise & Customs/Central Excise
All Commissioners of Customs/ Central Excise & Customs/Central Excise
All Directors General of CBEC/CDR, CESTAT
Sir,
Subject: Discontinuation of Certain Reports
I am directed to say that TRU receives following monthly reports from field formatio...
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Service Tax |
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SEBI issues guidelines for implementing revised norms for single registration of Stock Brokers
Posted Date : 14-Oct-2014 , 08:52:52 am | Posted By: CASANSAAR
Please find enclosed the Notification No. LAD-NRO/GN/2014-15/15/1671 datedOctober 08, 2014 amending the SEBI (Stock Brokers and Sub-Brokers) Regulations,1992 (hereinafter referred to as Broker Regulations). As per the amendment, theexisting requirement of obtaining registration as stock broker/ clearing member foreach stock exchange/ clearing corporation has been done away with and instead asingle registration with any stock exchange/ clearing corporation shall be required. Foroperating in any o...
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SEBI |
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KYC – clarification on proof of address
Posted Date : 14-Oct-2014 , 08:27:50 am | Posted By: CASANSAAR
RBI/2013-14/264DBOD.AML No.5487/14.01.001/2014-15
October 13, 2014
The Chairperson/CEOs of all Scheduled Commercial Banks(Excluding RRBs)/Local Area Banks / All India Financial Institutions
KYC – clarification on proof of address
Please refer to ourcircular DBOD.AML.BC. No. 119/14.01.001/2013-14 dated June 9, 2014on the above mentioned subject. In this regard we also draw your attention to our letter datedDBOD. AML. No. 3356/14.01.001/2014-15 dated September 4, 2014, forwarding copies ...
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RBI |
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Internet Banking (View Only) Facility for Customers of UCBs
Posted Date : 14-Oct-2014 , 08:27:06 am | Posted By: CASANSAAR
RBI/2014-15/262UBD.BPD. (PCB). Cir No. 21/09.18.300/2014-15
October 13, 2014
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Internet Banking (View Only) Facility for Customers of UCBs
Please refer tocircular UBD.BPD. (SCB). Cir. No. 1/09.18.300/2011-12 dated September 26, 2011on Internet Banking for Customers of UCBs, in terms of which scheduled UCBs satisfying certain criteria such as minimum networth of Rs.100 crores, CRAR of at least 10%, net NPA less ...
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RBI |
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Review of norms for classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM)
Posted Date : 14-Oct-2014 , 08:26:24 am | Posted By: CASANSAAR
RBI/2014-15/261UBD.CO.LS (PCB) Cir.No.20/07.01.000/2014-15
October 13, 2014
Chief Executive Officers of allPrimary (Urban) Co-operative Banks
Madam / Dear Sir
Review of norms for classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM)
Please refer to ourcircular UBD.CO.LS.(PCB).Cir.No.24/07.01.000/2013-14 dated October 1, 2013wherein the eligibility criteria for FSWM UCBs were laid down.
2. In this connection, attention of UCBs is invited to our circu...
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RBI |
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Usage of ATMs –Rationalisation of number of free transactions - Clarifications
Posted Date : 11-Oct-2014 , 07:55:05 am | Posted By: CASANSAAR
RBI/2014-15/260DPSS.CO.PD.No.659/02.10.002/2014-2015
October 10, 2014
The Chairman and Managing Director / Chief Executive OfficersAll Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks
Madam / Dear Sir,
Usage of ATMs –Rationalisation of number of free transactions - Clarifications
A reference is invited to thecircular DPSS.CO.PD.No. 316/02.10.002/2014-2015 dated August 14, 2014on the captioned subject. T...
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FEMA |
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Clarification regarding allowability of deduction under section 10 A/ 10AA on transfer of Technical Man-power in the case of software industry
Posted Date : 09-Oct-2014 , 10:51:30 pm | Posted By: CASANSAAR
F. No. 178/84/2012-ITA.I
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
Circular No. 14/2014
New Delhi, the 8th October, 2014
Subject : Clarification regarding allowability of deduction under section 10 A/ 10AA on transfer of Technical Man-power in the case of software industry.
CBDT had issuedCircular No.12/2014 dated 18thJuly, 2014to clarify that mere transfer or re-deployment of existing technical manpower from an existing unit to a new...
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Income Tax |
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Regarding Audit by officers of Central Excise
Posted Date : 09-Oct-2014 , 10:48:45 pm | Posted By: CASANSAAR
Circular No. 986/ 10/ 2014-CX
dated09.10.2014
F. No. 206/10/2014-CX.6
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS
To
The Chief Commissioners of Central Excise (All)
Sub: Audit by officers of Central Excise-reg.
Doubts have been raised in certain quarters regarding powers of a Central Excise officer to conduct audit, in the background of a recent judgment ofHon’bleHigh Court of Delhi dated 04.08.2014 in case of M/sTra...
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Excise |
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Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses
Posted Date : 09-Oct-2014 , 10:40:53 pm | Posted By: CASANSAAR
RBI/2013-14/257A. P. (DIR Series) Circular No.35
October 9, 2014
To,
All Authorised Dealer Category - I Banks
Madam / Sir,
Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to theA.P. (DIR Series) Circular No. 28 [A. P. (FL/RL Series) Circular No. 02] dated February 6, 2008and theAnnexto the A.P. (DIR Series) Cir...
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RBI |
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Fourth Bi-monthly Monetary Policy Statement, 2014-15 – SLR Holdings under Held to Maturity Category
Posted Date : 08-Oct-2014 , 08:02:12 am | Posted By: CASANSAAR
RBI/2014-15/254DBOD.No.BP.BC.42/21.04.141/2014-15
October 7, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Fourth Bi-monthly Monetary Policy Statement, 2014-15 –SLR Holdings under Held to Maturity Category
Please refer to paragraph 25 of the Fourth Bi-monthly Monetary Policy Statement, 2014-15 (extract enclosed) announced on September 30, 2014.
2. In terms of ourcircular No.DBOD.No.BP.BC.30/21.04.141/2014-15 dated August 5, 2014on ‘Monetary Policy Statement 2014...
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RBI |
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SEBI releases master circular for Mutual Funds
Posted Date : 02-Oct-2014 , 07:34:12 am | Posted By: CASANSAAR
SEBI releases master circular for Mutual Funds...
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SEBI |
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Secondary market transactions in Government Securities - Short Selling
Posted Date : 01-Oct-2014 , 07:56:22 am | Posted By: CASANSAAR
RBI/2014-15/251IDMD.PCD.06/14.03.07/2014-15
September 30, 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, 2006and 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, 2011andIDMD.PCD.21/14.03.07/2011-12 dated June 21,...
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RBI |
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Risk Management and Inter Bank Dealings : Hedging under Past Performance Route
Posted Date : 01-Oct-2014 , 07:55:45 am | Posted By: CASANSAAR
RBI/2014-15/250A.P. (DIR Series) Circular No. 34
Sep 30, 2014
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Risk Management and Inter Bank Dealings: Hedging under Past Performance Route
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, 2000) as amended from time to time andA.P. (DIR Series) c...
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RBI |
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Export Credit Refinance Facilities
Posted Date : 01-Oct-2014 , 07:55:08 am | Posted By: CASANSAAR
RBI/2014-15/249REF.No.MPD.BC. 374 /07.01.279/2014-15
Ashwina 8,1936(Saka)September 30, 2014
To
All Scheduled Banks [excluding Regional Rural Banks(RRBs) ]
Dear Sir/Madam,
Export Credit Refinance Facilities
Please refer to ourcircular No.MPD.372/07.01.279/2013-14 dated June 3, 2014whereby the eligible limit of export credit refinance (ECR) facility for schedule banks (excluding RRBs) was reduced from the level of 50 per cent of the outstanding rupee export credit eligible for refinance as a...
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RBI |
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Instruments for Augmentation of Capital Funds - Modification
Posted Date : 01-Oct-2014 , 07:54:26 am | Posted By: CASANSAAR
RBI/2014-15/248RPCD.RCB.BC.No.33/07.51.012/2014-15
September 30, 2014
All State / Central Cooperative Banks (StCBs/CCBs)
Madam / Dear Sir,
Instruments for Augmentation of Capital Funds - Modification
Please refer to ourcircular RPCD.RCB.BC.73/07.51.012/2013-14 dated January 7, 2014.
2. It has been decided to modify para 1 of the Annex-I to the said circular as under:
';StCBs/CCBs may issue Long Term (Subordinated) Deposits (LTDs) subject to compliance with their bye-laws / provisions of t...
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RBI |
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Scope of enquiry in cases selected for scrutiny during the Financial Year 2014-2015 on basis of AIR/CIB /26AS mis-match-regarding.
Posted Date : 30-Sep-2014 , 07:44:35 am | Posted By: CASANSAAR
Instruction No. 07/2014
Government of India
Ministry of Finance
Department of Revenue (CBDT)
Room No. 143E, North-Block, New-Delhi
Dated the 26thof September, 2014
To
All Pr. Chief-Commissioners of Income-tax/Chief-Commissioners of Income-tax
All Pr. Directors-General of Income-tax/Directors-General of Income-tax
Sir/Madam
Subject: - Scope of enquiry in cases selected for scrutiny during the Financial Year 2014-2015 on basis of AIR/CIB /26AS mis-match-regarding.
It has come to...
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Income Tax |
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Regarding Joint Ventures and levy of service tax
Posted Date : 27-Sep-2014 , 08:21:37 am | Posted By: CASANSAAR
Circular No. 179/5/2014-ST
F.No.354/187/2013-TRU
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise& Customs
Tax Research Unit
North Block, New Delhi
24thSeptember, 2014
To,
Chief Commissioners of Central Excise and Service Tax (All),
Director General (Service Tax), Director General (Audit),
Director General (Central Excise Intelligence),
Commissioners of Service Tax (All),
Commissioners of Central Excise and Service Tax (All).
Mada...
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Service Tax |
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Filing of reconciliation return for the year 2013-14
Posted Date : 27-Sep-2014 , 08:19:11 am | Posted By: CASANSAAR
DEPARTMENT OF TRADE AND TAXES
(POLICY BRANCH)
VYAPAR BHAWAN, I.P.ESTATE, NEW DELHI-110 002
No.F.7(420)/VAT/Policy/2011/PF/391-397
Dated: 26/09/14
CIRCULAR NO. 13 of 2014-15
Sub: Filing of reconciliation return for the year 2013-14.
In exercise of the powers conferred underRule 49Aof theDelhi Value Added Tax Rules, 2005read withsection 9(2)ofCentral Sales Tax Act, 1956, I, Sanjeev Khirwar, Commissioner, Value Added Tax, do hereby extend the last date of filing of online return in Form ...
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VAT |
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CBDT extended due date for filing of return to November 30, 2014; no extension to Cos/Firms not liable to tax audit
Posted Date : 27-Sep-2014 , 08:15:36 am | Posted By: CASANSAAR
F.No.153/53/2014-TPL (Pt.I)
GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)(CENTRAL BOARD OF DIRECT TAXES)****
North Block, TPL DivisionNew Delhi, the 26th September, 2014Order under section 119 of the Income-tax Act, 1961
Section 44AB of the Income-tax Act, 1961 ("the Act") read with rule 6G of the Income-tax Rules, 1962 ("the Rules") requires certain persons to file tax audit report in Form No.3CA/Form No.3CB along with prescribed particulars in Form No.3CD. Vide Notification ...
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Income Tax |
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Rating of Fixed Deposits of NBFCs- Eligible Credit Rating Agencies- SME Rating Agency of India Ltd. (SMERA)
Posted Date : 25-Sep-2014 , 09:19:30 pm | Posted By: CASANSAAR
RBI/2014-15/243DNBS (PD).CC.No.410/03.10.001/2014-15
September 25, 2014
All Deposit Taking Non-Banking Financial Companies(except Residuary Non-Banking Companies)
Dear Sirs,
Rating of Fixed Deposits of NBFCs- Eligible Credit Rating Agencies- SME Rating Agency of India Ltd. (SMERA)
Please refer to Para 4 of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998, wherein, names of the Credit Rating Agencies approved by Reserve Bank of India are given...
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RBI |
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MCA advises Cos to file their balance sheets and annual accounts at the earliest to avoid congestion on MCA portal
Posted Date : 25-Sep-2014 , 07:54:35 am | Posted By: CASANSAAR
MCA advises Cos to file their balance sheets and annual accounts at the earliest to avoid congestion on MCA portal...
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Corporate Laws |
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