Company Law Settlement Scheme, 2014
Posted Date : 14-Aug-2014 , 07:52:19 am | Posted By: CASANSAAR
General Circular No. 34/2014
F. No. 02/13/2014 CL-V
Government of India
Ministry of Corporate Affairs
5thFloor, A Wing, Shastri Bhavan,
Dr. R.P. Road, New Delhi
Dated. 12/08/2014
To,
All Regional Directors,
All Registrars of Companies.
Subject: COMPANY LAW SETTLEMENT SCHEME, 2014
Sir,
As you are aware, the Companies Act requires companies to file annual documents (Annual return and financial Statements) on the MCA21 electronic registry, within prescribed time limits.Section...
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Corporate Laws |
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Appointment of Non-Deposit Accepting NBFCs with asset size of `.100 crore and above as sub - agents under Money Transfer Service Schemes (MTSS)
Posted Date : 13-Aug-2014 , 07:38:23 am | Posted By: CASANSAAR
RBI/2014-15/174DNBS.CC.PD.No. 405/03.10.01/2014-15
August 12, 2014
To
All Non-Deposit Accepting Non-Banking Financial Companieswith asset size of`.100 crore and above
Dear Sirs,
Appointment of Non-Deposit Accepting NBFCs with asset size of`.100 crore and aboveas sub- agents under Money Transfer Service Schemes (MTSS)
In order to broaden the network of sub-agents under the Money Transfer Service Schemes (MTSS), it has been decided to permit Non-Deposit Accepting NBFCs with asset size of`.10...
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RBI |
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Interest Rate Futures - NBFCs
Posted Date : 13-Aug-2014 , 07:37:41 am | Posted By: CASANSAAR
RBI/2014-15/173DNBS.CC.PD.No.406/03.10.01/2014-15
August 12, 2014
To
All Non-Deposit Accepting Non-Banking Financial Companieswith asset size of`.1000 crore and above
Dear Sirs,
Interest Rate Futures - NBFCs
Please refer toCircular DNBS.PD.CC.No.161/3.10.01/ 2009-10 dated September 18, 2009permitting NBFCs to participate in the designated interest rate futures exchanges recognized by SEBI, as clients, subject to RBI / SEBI guidelines in the matter, for the purpose of hedging their underlyi...
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RBI |
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Liberalised Remittance Scheme for resident individuals-clarification
Posted Date : 11-Aug-2014 , 06:18:42 pm | Posted By: CASANSAAR
RBI/2014-15/171A. P. (DIR Series) Circular No. 19
August 11, 2014
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Liberalised Remittance Scheme for resident individuals-clarification
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 5 dated July 17, 2014, in terms of which it was clarified that the Scheme can also be used for acquisition of immovable property outside India.
2. In the light of the above clarification, the r...
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FEMA |
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Filing of online return for 1st quarter of 2014-15 – extension of period thereof.
Posted Date : 11-Aug-2014 , 06:13:26 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/265-271
Dated: 08/08/2014
CIRCULAR NO. 8 of 2014-15
Sub: Filing of online return for 1st quarter of 2014-15 – extension of period thereof.
In partial modification to this department’sCircular No.4 of 2014-15on the subject cited above, and in exercise of the powers conferred underRule 49Aof theDelhi Valu...
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VAT |
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Modification of Guidelines on Mortgage Guarantee Companies (MGCs)
Posted Date : 08-Aug-2014 , 07:31:30 pm | Posted By: CASANSAAR
RBI/2014-15/170DNBS (PD) CC. No.20/MGC/03.011.001/2014-15
August 08, 2014
All registered Mortgage Guarantee Companies
Dear Sir,
Modification of Guidelines on Mortgage Guarantee Companies (MGCs)
Please refer to the “Guidelines on Registration and Operations of Mortgage Guarantee Companies under Section 45L(1)(b) of the Reserve Bank of India Act, 1934” (herein after called Guidelines) issued videnotifications no. DNBS (PD) MGC No. 3,4and5/CGM (PK)-2008dated February 15, 2008.
2. ...
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RBI |
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Amendment in schedule VII of Companies Act, 2013.
Posted Date : 08-Aug-2014 , 06:45:13 pm | Posted By: CASANSAAR
Government of India
Ministry of Corporate Affairs
Notification
New Delhi, dated, the 06thAugust, 2014
G.S.R. (E).-In exercise of the powers conferred bysub-section (1) of section 467of theCompanies Act, 2013 (18 of 2013), the Central Government hereby makes the following further amendments inSchedule VIIof the saidAct, namely:-
(1) InSchedule VII, after item (x), the following item and entry shall be inserted, namely:-
"(xi) slum area development.
Explanation.- For the purposes of...
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Corporate Laws |
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Certain amendments in Regulatory framework for SCs/RCs – Clarifications
Posted Date : 07-Aug-2014 , 10:00:43 pm | Posted By: CASANSAAR
RBI/2014-2015/169DNBS (PD) CC. No. 42/SCRC/26.03.001/2014-2015
August 07, 2014
The Chairman/Managing Director/Chief Executive OfficerAll registered Securitisation Companies (SCs)/Reconstruction Companies (RCs)
Dear Sir,
Certain amendments in Regulatory framework for SCs/RCs – Clarifications
Please refer to ourcircular DNBS (PD) CC No.41/ SCRC / 26.03.001/ 2014-2015 dated August 5, 2014.
2. We have received a number of queries in the matter from the industry a...
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RBI |
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Monetary Policy Statement 2014-15 – SLR Holdings under Held to Maturity Category
Posted Date : 07-Aug-2014 , 09:59:51 pm | Posted By: CASANSAAR
RBI/2014-15/168RPCD.CO.RRB. BC.No.25/03.05.33/2014-15
August 7, 2014
All Regional Rural Banks
Dear Sir,
Monetary Policy Statement 2014-15 –SLR Holdings under Held to Maturity Category
Please refer to paragraph 11 of the Third Bi-Monthly Monetary Policy Statement, 2014-15 (extract enclosed) announced on August 5, 2014 relating to banks’ total holdings of SLR securities in the held to maturity (HTM) category.
2. In terms of para 1.2 of ourcircular RPCD.CO.RRB.BC.No. 74/03.05.33/2...
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RBI |
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Refinancing of Project loans
Posted Date : 07-Aug-2014 , 09:59:12 pm | Posted By: CASANSAAR
RBI/2014-15/167DBOD.BP.BC.No. 31/21.04.132/2014-15
August 7, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Refinancing of Project loans
Please refer to ourcircular DBOD.BP.BC.No.24/21.04.132/2014-15 dated July 15, 2014on ‘Flexible Structuring of Long Term Project Loans to Infrastructure and Core Industries’, which enables banks to flexibly structurenewlong term project loans to infrastructure and core industries.
2. However, with regard toexistinginfrastructure ...
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RBI |
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Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR)
Posted Date : 05-Aug-2014 , 07:21:58 pm | Posted By: CASANSAAR
RBI/2014-15/161DBOD.Ret.BC.29/12.02.001/2014-15
August 05, 2014
All Scheduled Commercial Banksand Local Area Banks(Excluding Regional Rural Banks)
Dear Sir,
Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR).
Please refer to ourcircular DBOD.Ret.BC.117/12.02.001/2013-14 dated June 03, 2014, on the captioned subject.
2. As announced in theThird Bi-Monthly Monetary Policy Statement 2014-15 by the Reserve Bank of India on August 05, 2014, it has be...
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RBI |
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Clarification with regard to applicability of provisions of section 139(5) and 139(7) of the Companies Act,2013
Posted Date : 31-Jul-2014 , 07:15:31 pm | Posted By: CASANSAAR
General Circular No. 33/2014
F. No.1/33/ 13-CL-V
Government of India
Ministrv of Corporate Alfairs
5th Floor, A Wing, Shastri Bhavan,
Dr R.P. Road, New Delhi
Dated: 3lst Julv. 2014
To
All Regional Directors,
All Registrars of Companies.
Subject: Clarillcation with regard to applicability of provisions of sectio!13915) and 139(71 of the Compani€s Act, 2013.
Doubts have been raised about applicability oi sectioDs 139{5) and 139(7)of the Companies Act, 2013 (New Act), which de...
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Corporate Laws |
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Constitution of Special Investigating Team – sharing of information
Posted Date : 30-Jul-2014 , 09:01:58 pm | Posted By: CASANSAAR
RBI/2014-15/154A. P. (DIR Series) Circular No. 18
July 30, 2014
To,
All Authorised Persons
Madam/ Sir,
Constitution of Special Investigating Team – sharing of information
In pursuance of the Hon’ble Supreme Court Judgment dated July 4, 2011, Government of India has constituted a Special Investigation Team (SIT) under the Chairmanship of Hon’ble Justice M.B. Shah. In this regard, the Hon’ble Supreme Court has directed that:
“All organs agencies, departments ...
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Category :
FEMA |
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Clarification regarding taxation of ‘Alternate Investment Funds’ having status of non-charitable trusts under the Income-tax Act, 1961
Posted Date : 29-Jul-2014 , 09:42:28 am | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
NEW DELHI
Circular No. 13/2014,
Dated July 28, 2014
Subject: – Clarification regarding taxation of ‘Alternate Investment Funds’ having status of non-charitable trusts under the Income-tax Act, 1961 – regarding.
1. The SEBI (Alterative Investment Funds) Regulations, 2012 (‘AIF Regulations’) vide Regulation No.4 issued in May 2012 aims at regulating all...
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Income Tax |
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DVAT - Last date for Filing of online return for 1st quarter of 2014-15 extended to 08/08/2014
Posted Date : 29-Jul-2014 , 08:16:06 am | Posted By: CASANSAAR
In exercise of the powers conferred under Rule 49A of the DelhiValue Added Tax Rules,2005, I, Sanjeev Khirwar, Commissioner, Value AddedTax, do hereby extend the last date of filing of online/hard copy of first quarterreturn for the year 2014-15, in Form DVAT-16 ,DVAT-17 and DVAT-48 alongwith required annexures/enclosures to 08/08/2014:
However, the tax due shall continue to be paid in the usual manneras per the provisions of section 3(4) of the Delhi Value Added Tax Act, 2004.The dealers fil...
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VAT |
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External Commercial Borrowing (ECB) Policy — Review of all-in-cost ceiling
Posted Date : 29-Jul-2014 , 08:06:28 am | Posted By: CASANSAAR
RBI/2014-15/153A.P. (DIR Series) Circular No.17
July 28, 2014
To,
All Category - I Authorized Dealer Banks
Madam / Sir,
External Commercial Borrowing (ECB) Policy — Review of all-in-cost ceiling
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 121 dated April 10, 2014relating to the all-in-cost ceiling for ECB.
2. On a review, it has been decided that the all-in-cost ceiling as specified under paragr...
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Category :
FEMA |
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Trade Credits for Imports into India — Review of all-in-cost ceiling
Posted Date : 29-Jul-2014 , 08:05:45 am | Posted By: CASANSAAR
RBI/2014-15/152A.P. (DIR Series) Circular No.16
July 28, 2014
To,
All Category - I Authorized Dealer Banks
Madam / Sir,
Trade Credits for Imports into India — Review of all-in-cost ceiling
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 122 dated April 10, 2014relating to the all-in-cost ceiling of Trade Credits for imports into India.
2. On a review it has been decided that the all-in-cost ceiling as specified under paragr...
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Category :
FEMA |
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Compilation of R-return: Reporting under FETERS-Discontinuation of ENC and Sch 3 to 6 file
Posted Date : 29-Jul-2014 , 08:05:04 am | Posted By: CASANSAAR
RBI/2014-15/151A.P. (DIR Series) Circular No. 15
July 28, 2014
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Compilation of R-return: Reporting under FETERS-Discontinuation of ENC and Sch 3 to 6 file
Attention of Authorised Dealers is invited toA. P. (DIR Series) Circular No. 101 dated February 04, 2014read withA.P. (DIR Series) Circular No.109 dated February 28, 2014in terms of which a comprehensive IT- based system called Export Data Processing and Monitoring System (EDPMS) ha...
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Category :
FEMA |
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Additional Disclosures by Regional Rural Banks in Notes to Accounts
Posted Date : 29-Jul-2014 , 08:04:21 am | Posted By: CASANSAAR
RBI/2013-14/150RPCD.CO.RRB.BC.No.17/03.05.33/2014-15
July 28, 2014
The ChairmenAll Regional Rural Banks
Dear Sir/Madam,
Additional Disclosures by Regional Rural Banks in Notes to Accounts
A reference is invited toparagraph 18of the First Bi-Monthly Monetary Policy Statement 2014-15 announced on April 1, 2014 wherein it was proposed to prescribe certain additional disclosure requirements as per the recommendations of theCommittee on Comprehensive Financial Services for Small Businesses and L...
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RBI |
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CBDT Notifies new Form 3CA, 3CB & 3CD – Format of Tax Audit Report Revised
Posted Date : 28-Jul-2014 , 10:38:46 pm | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF FINANCE(DEPARTMENT OF REVENUE)(CENTRAL BOARD OF DIRECT TAXES)
Notification No.33/2014, Dated: July 25, 2014
S.O. 1902 (E).. In exercise of the powers conferred by section 295 read with section 44AB of the Income Tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income Tax Rules, 1962, namely:-
1. (1) These rules may be called the Income Tax (7th Amendment) Rules, 2014. (2) They shall come ...
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Income Tax |
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Public Companies with certain qualifications to be treated as class of companies.
Posted Date : 28-Jul-2014 , 08:15:44 am | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, dated 25thJuly, 2014
S.O.---(E).- In exercise of the powers conferred by the second proviso tosub-section (1) of section 203of theCompanies Act, 2013 (18 of 2013),the Central Government hereby notifies that public companies having paid-up share capital of rupees one hundred crore or more and annual turnover of rupees one thousand crore or more which are engaged in multiple businesses and have appointed Chief Executiv...
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Category :
Corporate Laws |
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The Companies (Removal of Difficulties) Sixth Order, 2014
Posted Date : 26-Jul-2014 , 08:31:20 am | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
ORDER
New Delhi, the 24/07/2014
S.O. (E)-Whereas theCompanies Act, 2013 (18 of 2013)(hereinafter referred to as the said Act) received the assent of the President on 29th August, 2013 and section 1 thereof came into force on the same date;
And whereasclause (76) of section 2of theAct, which provides for definition of the term "related party" has come into force on 12th September, 2013;
And whereas difficulties have arisen in interpret...
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Corporate Laws |
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Issue of Prepaid Forex Cards- Due Diligence and Adherence to KYC norms
Posted Date : 25-Jul-2014 , 07:47:59 pm | Posted By: CASANSAAR
RBI/2014-15/147A.P. (DIR Series) Circular No.14
July 25, 2014
To
All Authorised Persons
Madam/ Sir,
Issue of Prepaid Forex Cards- Due Diligence and Adherence to KYC norms
Attention of all the Authorised Persons in foreign exchange is invited to Para 2 of theA. P. (DIR Series) Circular No. 104 dated April 04, 2012.
2. It has been brought to our notice that some authorised dealers / full-fledged money changers may neither be exercising due diligence nor adhering to KYC norms w...
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Category :
FEMA |
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Clarification on transitional period for resolutions passed Under the Companies Act, 1956
Posted Date : 25-Jul-2014 , 08:23:20 am | Posted By: CASANSAAR
General Circular No. 32/2014
No. 1/25/13-CL-V
Government of India
Ministry of Corporate Affairs
5th Floor, A Wing, Shastri Bhavan,
Dr. R.P. Road, New Delhi.
Dated: - 23rdJuly, 2014
To
All Regional Directors,
All Registrars of Companies,
All Stakeholders.
Subject: Clarification on transitional period for resolutions passed Under theCompanies Act, 1956.
Sir,
It has been brought to the notice of the Government that many companies have passed resolutions during financial year 2013-14 un...
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Category :
Corporate Laws |
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Foreign investment in India by SEBI registered Long term investors in Government dated Securities
Posted Date : 23-Jul-2014 , 09:38:25 pm | Posted By: CASANSAAR
RBI/2014-15/145A. P. (DIR Series) Circular No. 13
July 23, 2014
To,
All Authorised Persons
Madam/ Sir,
Foreign investment in India by SEBI registered Long term investors inGovernment dated Securities
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 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, as amended...
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Category :
FEMA |
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Clarification on Section 58A(9) and Section 58AA of the Companies Act, 1956
Posted Date : 22-Jul-2014 , 09:55:08 pm | Posted By: CASANSAAR
CIRCULARNO.1-2014
File No. 10/54/2014-CLB
COMPANY LAW BOARD
GOVERNMENT OF INDIA
3rd Floor, B-Block Paryavaran Bhawan
C. G. O. Complex; Lodhi Road
New Delhi-110003
Dated: 22.07.2014
Sub: Clarification on Section 58A(9) and Section 58AA of the Companies Act, 1956 - Reg.
On the commencement of sub-section (2) of section 74 of the Companies Act, 2013 w.e.f. 06.06.2014, the corresponding sections namely 58A (9) and 58AA of the Companies Act, 1956 ceased to have effect. Benches of the...
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Corporate Laws |
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Export of Goods and Services – Project Exports
Posted Date : 22-Jul-2014 , 07:32:27 pm | Posted By: CASANSAAR
RBI/2014-15/141A.P. (DIR Series) Circular No.11
July 22, 2014
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
Export of Goods and Services – Project Exports
Attention of Authorised Dealers is invited to Regulation 18 ofNotification No. FEMA 23/2000-RB dated 3rd May 2000viz. Foreign Exchange Management (Export of Goods and Services) Regulations, 2000 in terms of which export of goods or services on deferred payment terms or in execution of a turnkey project or a civil co...
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Category :
FEMA |
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Extension of validity of reserved names - reg.
Posted Date : 22-Jul-2014 , 07:20:27 pm | Posted By: CASANSAAR
General Circular No. 31/2014
F. No. MCA21/152/2014-eGov Cell
Government of India
Ministry of Corporate Affairs
5th Floor, A Wing, Shastri Bhavan,
Dr. R.P. Road, New Delhi
Dated: 19th July, 2014
To
All Regional Directors,
All Registrars of Companies.
Subject: Extension of validity of reserved names - reg.
Sir,
The Service Provider of MCA-21 has brought to the notice of the Ministry that the letters of intimation issued in respect of 9522 cases for reservation of names (INC-1...
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Category :
Corporate Laws |
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Money Transfer Service Scheme – Delegation of work to Regional Offices
Posted Date : 18-Jul-2014 , 10:42:56 pm | Posted By: CASANSAAR
RBI/2014-15/135A. P. (DIR Series) Circular No. 8
July 18, 2014
To,
All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme
Dear Sir/ Madam,
Money Transfer Service Scheme – Delegation of work to Regional Offices
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 Guidelines, as amended from time ...
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Category :
FEMA |
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Rupee Drawing Arrangement – Delegation of work to Regional Offices
Posted Date : 18-Jul-2014 , 10:41:45 pm | Posted By: CASANSAAR
RBI/2014-15/134A. P. (DIR Series) Circular No. 7
July 18, 2014
To,All Authorised Dealer Category - I Banks
Dear Sir/ Madam,
Rupee Drawing Arrangement – Delegation of work to Regional Offices
Attention of Authorised Dealer Category – I (AD Cat – I) banks is invited to theA.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 of Rupee / Foreign Currency Vostro Accounts of Non-re...
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FEMA |
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