Financial Commitment (FC) by Indian Party under Overseas Direct Investments (ODI) – Restoration of Limit
Posted Date : 04-Jul-2014 , 07:59:20 am | Posted By: CASANSAAR
RBI/2014-15/117A.P. (DIR Series) Circular No.1
July 3, 2014
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
Financial Commitment (FC) by Indian Party under Overseas DirectInvestments (ODI) – Restoration of Limit
Attention of the Authorised Dealer (AD - Category I) banks is invited to the provisions of the Notification No. FEMA.120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004] (the Notif...
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Unique Customer Identification Code (UCIC) for banks' customers in India
Posted Date : 04-Jul-2014 , 07:58:32 am | Posted By: CASANSAAR
RBI/2014-15/115RPCD.RRB.RCB.AML.BC.No.12/07.51.018/2014-15
July 03, 2014
The Chairmen / Chief Executive OfficersAll Regional Rural Banks (RRBs) andState/Central Cooperative Banks (StCBs/CCBs)
Madam/Dear Sir,
Know Your Customer (KYC)/Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) Guidelines - Unique Customer Identification Code (UCIC) for banks’ customers in India
Please refer to ourcircular RPCD.CO.RRB.RCB.AML.BC.No.82/03.05.33(E)/2011-12 dated June 11, 2012, on...
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RBI |
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Master Circular – Collection of Direct Taxes - OLTAS
Posted Date : 03-Jul-2014 , 07:35:38 am | Posted By: CASANSAAR
RBI/2014-15/108DGBA.GAD.No.H - 3/42.01.034/2014-15
July 1, 2014
To
All Agency Banks
Dear Sir / Madam
Master Circular – Collection of Direct Taxes- OLTAS
Please refer to ourmaster circular RBI/2012-13/101 dated July 02, 2012on the above subject. We have now updated themaster circularincorporating important instructions issued by us till end of June 2013. A copy of the same isenclosedfor your information. This circular may also be downloaded from our websitewww.mastercirculars.rbi.org....
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RBI |
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Master Circular on Memorandum of Instructions governing money changing activities
Posted Date : 03-Jul-2014 , 07:30:29 am | Posted By: CASANSAAR
RBI/2014-15/15
Master Circular No.10/2014-15
July 01, 2014
To,
All Authorised Persons in Foreign Exchange
Madam / Sir,
Master Circular on Memorandum of Instructions governing money changing activities
This Master Circular consolidates the existing instructions on the subject of “Memorandum of Instructions governing money changing activities” at one place. The list of underlying circulars/ notifications is set out in Appendix.
2. ThisMaster Circularmay be referred to for gene...
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FEMA |
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Master Circular on Miscellaneous Remittances from India – Facilities for Residents
Posted Date : 03-Jul-2014 , 07:29:18 am | Posted By: CASANSAAR
RBI/2014-15/10
Master Circular No. 6/2014-15
July 1, 2014
To,
All Authorised Persons in Foreign Exchange
Madam / Sir,
Master Circular on Miscellaneous Remittances from India – Facilities for Residents
Miscellaneous remittance facilities for residents are allowed in terms ofsection 5of theForeign Exchange Management Act, 1999, read with Government of India Notification No. G.S.R 381(E) dated May 3, 2000, as amended from time to time.
2. ThisMaster Circularconsolidates the existing...
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Master Circular on Miscellaneous Remittances from India – Facilities for Residents
Posted Date : 03-Jul-2014 , 07:28:32 am | Posted By: CASANSAAR
RBI/2014-15/10
Master Circular No. 6/2014-15
July 1, 2014
To,
All Authorised Persons in Foreign Exchange
Madam / Sir,
Master Circular on Miscellaneous Remittances from India – Facilities for Residents
Miscellaneous remittance facilities for residents are allowed in terms ofsection 5of theForeign Exchange Management Act, 1999, read with Government of India Notification No. G.S.R 381(E) dated May 3, 2000, as amended from time to time.
2. ThisMaster Circularconsolidates the existing...
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FEMA |
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Master Circular on Establishment of Liaison / Branch /Project Offices in India by Foreign Entities
Posted Date : 03-Jul-2014 , 07:27:27 am | Posted By: CASANSAAR
RBI/2014-2015/11
Master Circular No.7/2014-15
July 01, 2014
To,
All Category – I Authorised Dealer banks
Madam / Sir,
Master Circular on Establishment of Liaison / Branch /Project Offices in India by Foreign Entities
Establishment of Branch/Liaison/Project Offices in India is regulated in terms ofSection 6(6)ofForeign Exchange Management Act, 1999read withNotification No. FEMA 22/2000-RB dated May 3, 2000as amended from time to time.
2. This Master Circular consolidates the existin...
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Master Circular on Foreign Investment in India
Posted Date : 02-Jul-2014 , 08:31:51 am | Posted By: CASANSAAR
RBI/2014-15/6
Master Circular No. 15/2014-15
July 01, 2014
To,
All Category - I Authorised Dealer banks
Madam / Sir,
Master Circular on Foreign Investment in India
Foreign investment in India is governed bysub-section (3) of Section 6of theForeign Exchange Management Act, 1999read withNotification No. FEMA 20/2000-RB dated May 3, 2000, as amended from time to time. The regulatory framework and instructions issued by the Reserve Bank have been compiled in this Master Circular. The list...
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FEMA |
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Master Circular on Acquisition and Transfer of Immovable Property in India by NRIs/PIOs/Foreign Nationals of Non-Indian Origin
Posted Date : 02-Jul-2014 , 08:30:40 am | Posted By: CASANSAAR
RBI/2014-15/9
Master Circular No. 4/2014-15
July 1, 2014
To,
All Category - I Authorised Dealer banks
Madam / Sir
Master Circular on Acquisition and Transfer of Immovable Property in India by NRIs/PIOs/Foreign Nationals of Non-Indian Origin
Acquisition and transfer of immovable property in India by NRIs / PIOs / Foreign Nationals of Non-Indian Origin is regulated in terms ofSub-sections (3), (4) and (5) of Section 6of theForeign Exchange Management Act, 1999read withNotification No. FEMA ...
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Master Circular on Non-Resident Ordinary Rupee (NRO) Account
Posted Date : 02-Jul-2014 , 08:29:55 am | Posted By: CASANSAAR
RBI/2014-15/7
Master Circular No. 2/2014-15
July 1, 2014
To,
All Authorised Dealer Category – I banks and Authorised banks
Madam/ Sir
Master Circular on Non-Resident Ordinary Rupee (NRO) Account
The acceptance of deposits by an Authorised Dealer /Authorised bank from persons resident outside India are regulated by the provisions ofsub-sections (1) and (2) of section 6of theForeign Exchange Management Act, 1999read withFEMA Notification No.5/2000 - RB dated May 3, 2000, as amended fr...
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Master Circular on Remittance Facilities for Non-Resident Indians / Persons of Indian Origin / Foreign Nationals
Posted Date : 02-Jul-2014 , 08:28:42 am | Posted By: CASANSAAR
RBI/2014-2015/8
Master Circular No. 8 /2014-15
July 01, 2014
To
All Authorised Dealer Category – I banks and Authorised banks
Madam / Sir
Master Circular on Remittance Facilities for Non-Resident Indians / Persons of Indian Origin / Foreign Nationals
Remittance facilities for Non-Residents /Persons of Indian Origin /Foreign Nationals are being governed bysub-section (1) and (2) of section 6of theForeign Exchange Management Act, 1999read with FEMANotification No.13/2000-RBand FEMANot...
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FEMA |
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Companies (cost records and audit) Rules,2014
Posted Date : 01-Jul-2014 , 08:30:58 pm | Posted By: CASANSAAR
[To be published in the Gazette of India, Extraordinary,
Part II, section 3, Sub-section (ii)]
Government of India
Ministry of Corporate Affairs
Notification
New Delhi, 30th June, 2014
G.S.R.__(E) -Inexerciseof the powers conferred bysub-sections (1) and (2) of section 469andsection 148of theCompanies Act, 2013 (18 of 2013)and in supersession of Companies (Cost Accounting Records) Rules, 2011; Companies (Cost Audit Report) Rules, 2011; Cost Accounting Records (Telecommunication Industry) R...
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Corporate Laws |
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Remittances to non-residents – Deduction of Tax at Source
Posted Date : 01-Jul-2014 , 08:09:16 am | Posted By: CASANSAAR
RBI/2013-14/669A.P. (DIR Series) Circular No.151
June 30, 2014
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
Remittances to non-residents – Deduction of Tax at Source
Attention of Authorised Dealers in Foreign Exchange isinvitedtoA.P (DIR Series) Circular No. 56 dated November 26, 2002read withA. P. (DIR Series) Circular No. 3 dated July 19, 2007regardingthe procedure to be followed in respect of deduction of tax at source while allowingremittancesto the non-res...
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FEMA |
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Due Date for Filing DPT-4 extended to 31st August 2014
Posted Date : 30-Jun-2014 , 07:46:49 pm | Posted By: CASANSAAR
This Ministry has received reference regarding filing of Form DPT4 under the provisions of theCompanies Act, 2013. As per section 74(1)(a) of the Companies Act, 2013and the companies (Acceptanceof Deposits) Rules, 2014 made there under, companies are required to file a statement regarding depositsexisting as on date of commencement of the Act within a period of 3 months from such commencement.The time for filing of said statement is expiring on 30-06-2014.
2. After considering the reference, ...
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Corporate Laws |
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Definition of Accountant in Rule 2(e) of UP VAT Rules, 2008 has been amended to include Company Secretary & Cost Accountant
Posted Date : 28-Jun-2014 , 04:52:40 pm | Posted By: CASANSAAR
Definition of Accountant in Rule 2(e) of UP VAT Rules, 2008 has been amended to include Company Secretary & Cost Accountant vide notification dated 27.06.2014.
2(e) - Accountant means a Chartered Accountant as defined in Chartered Accountants Act, 1949 or a members of an association of accountants recognised in this behalf by the Central Board of Revenue andincludes a Company Secretary as defined in Companies Secretaries Act, 1980and a Cost Accountant as defined in the Cost & Works ac...
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VAT |
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Defaulters of Rs. 1 crore and above (non-suit filed accounts) and Wilful Defaulters of Rs. 25 lakhs and above (non-suit filed accounts) – Changes in reporting to Reserve Bank of India (RBI)/Credit Information Companies (CICs)
Posted Date : 28-Jun-2014 , 07:42:32 am | Posted By: CASANSAAR
RBI/2013-14/667DBOD.No.CID.BC.128 /20.16.003/2013-14
June 27, 2014
All Commercial Banks (excluding RRBs),All India Notified Financial Institutions, andAll Credit Information Companies
Dear Sir / Madam
Defaulters of Rs. 1 crore and above (non-suit filed accounts) and Wilful Defaulters of Rs. 25 lakhs and above (non-suit filed accounts) – Changes in reporting to Reserve Bank of India (RBI)/Credit Information Companies (CICs)
Please refer to our circulars DBOD.No.BC/CIS/47/20.16.002/94 d...
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RBI |
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Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures
Posted Date : 28-Jun-2014 , 07:41:31 am | Posted By: CASANSAAR
RBI/2013-14/666DBOD.No.CID.BC.127/20.16.056/2013-14
June 27, 2014
All Commercial Banks (excluding RRBs)All India Notified Financial Institutions andAll Credit Information Companies.
Dear Sir / Madam
Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures
A Committee to Recommend Data Format for Furnishing of Credit Information to Credit Information Companies (Chairman: Shri Aditya Puri) was constituted by the Reserve Bank of India (RBI)...
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RBI |
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Banking Regulation Act, 1949 – Section 26A Depositor Education and Awareness Fund Scheme, 2014 – Operational Guidelines- Payment of Interest
Posted Date : 28-Jun-2014 , 07:40:09 am | Posted By: CASANSAAR
RBI/2013-14/665DBOD.No.DEAF Cell.BC. 126/30.01.002/2013-14
June 26, 2014
The Chairman and Managing Director /Chief Executive OfficerAll Scheduled Commercial Banks including RRBs and LABs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks.
Dear Sir/Madam,
Banking Regulation Act, 1949 – Section 26ADepositor Education and Awareness Fund Scheme, 2014 –Operational Guidelines- Payment of Interest
Please refer to thecircular DBOD.No.DEAF...
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RBI |
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MCA Clarification on applicability of requirement for Resident Director.
Posted Date : 27-Jun-2014 , 06:15:45 pm | Posted By: CASANSAAR
General Circular no. 25/2014
No: 1/ 22/13 -CL-V
Government of India
Ministry of Corporate Affairs
5thFloor, A Wing, Shastri Bhawan
Dr. R. P. Road, New Delhi
Dated: 26thJune, 2014
To
All Regional Directors,
All Registrars of Companies,
All Stakeholders.
Subject: Clarification on applicability of requirement for resident director.
Sir,
Section 149(3)of theCompanies Act, 2013 (Act)requires every company to have at least one director who has stayed in India for a total period ...
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Corporate Laws |
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Recognizing E-Aadhaar as an ‘Officially Valid Document’ under PML Rules
Posted Date : 26-Jun-2014 , 07:56:09 pm | Posted By: CASANSAAR
RBI/2013-14/660DPSS. CO. D. No. 2646/02.27.005/2013-14
June 20, 2014
ToAll Payment System Providers, System Participantsand prospective Prepaid Payment Instrument Issuers
Madam/Dear Sir,
Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of Payment System Operators under Prevention of Money Laundering Act (PMLA), 2002 – e-KYC Service of UIDAI – Recognizing E- Aadhaar as an ‘Officially Valid Docum...
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RBI |
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Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Projects under Implementation
Posted Date : 26-Jun-2014 , 07:52:14 pm | Posted By: CASANSAAR
RBI/2013-14/664DBOD.No.BP.BC.125/21.04.048/2013-14
June 26, 2014
The Chairman and Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(Excluding Local Area Banks and Regional Rural Banks)
Dear Sir,
Prudential Norms on Income Recognition, Asset Classification andProvisioning Pertaining to Advances - Projects under Implementation
Please refer tocirculars DBOD.No.BP.BC.85/21.04.048/2009-10 dated March 31, 2010andDBOD.BP.BC.No.99/21.04.132/ 2012-13 dated May 30, 201...
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RBI |
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Clarification with regard to holding of shares in a fiduciary capacity by associate company under section 2(6) of the Companies Act, 2013
Posted Date : 26-Jun-2014 , 07:28:41 pm | Posted By: CASANSAAR
General Circular no. 24/2014
F. N: 01/ 13/2013 -CL-V
Government of India
Ministry of Corporate Affairs
‘A' Wing, 5thFloor, Shastri Bhawan
Dr. Rajendra Prasad Road, New Delhi-110001
Date: 25.06.2014
To
All Regional Directors,
All Registrars of Companies,
All Stakeholders.
Subject : Clarification with regard to holding of shares in a fiduciary capacity by associate company under section 2(6) of the Companies Act, 2013.
Sir,
In continuation of theGeneral circular No. 20/2...
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Corporate Laws |
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Clarification relating to incorporation of a company i.e. company Incorporated outside India
Posted Date : 26-Jun-2014 , 07:27:12 pm | Posted By: CASANSAAR
General Circular no. 23/2014
F. N: 1/ 13/2013 -CL-V
Government of India
Ministry of Corporate Affairs
‘A' Wing, 5thFloor, Shastri Bhawan
Dr. R.P. Road, New Delhi-110001
Date: 25.06.2014
To
All Regional Directors,
All Registrars of Companies,
All Stakeholders.
Subject: Clarification relating to incorporation of a company i.e. company Incorporated outside India.
Sir,
Government has received references seeking clarity about the status of subsidiaries incorporated/to be in...
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Corporate Laws |
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Govt extends excise duty concession on Motor Car and Capital Goods
Posted Date : 26-Jun-2014 , 08:18:52 am | Posted By: CASANSAAR
Government Extends Duty Concessions on Various Items for A Period ofSix MonthsBeyond 30th June, 2014 i.e. till 31st December 2014 videNotificationNo. 06/2014-Central Excise Dated 25th June 2014.
In order to provide a fillip to thecapital goodsand automobile sector, and given itscommitmentto revive theeconomic growth, the Government of India has decided today to extend these duty concessions beyond 30th June for a period of six months upto 31st December, 2014. This announcement was made here t...
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Category :
Excise |
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Clarification with regard to format of annual return applicable for Financial Year 2013-14 and fees to be charged by companies for allowing inspection of records
Posted Date : 26-Jun-2014 , 08:13:25 am | Posted By: CASANSAAR
General Circular No. 22/2014
No. 1/ 34 /2013-CL-V (Part-I)
Government of India
Ministry of Corporate Affairs
5thFloor, A Wing, Shastri Bhavan,
Dr. R.P. Road, New Delhi.
Dated : 25thJune. 2014
To
All Regional Directors,
All Registrars of Companies,
All Stakeholders.
Subject: Clarification with regard to format of annual return applicable for Financial Year 2013-14 and fees to be charged by companies for allowing inspection of records.
Sir,
Government has received requests for...
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Corporate Laws |
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The Depositor Education and Awareness Fund Scheme, 2014 –Section 26A of Banking Regulation Act, 1949- Clarifications on Operational Guidelines
Posted Date : 26-Jun-2014 , 08:10:15 am | Posted By: CASANSAAR
RBI/2013-14/656DBOD.No.DEAF Cell.BC.123/30.01.002/2013-14
June 25, 2014
The Chairman and Managing Director /Chief Executive OfficersAll Scheduled Commercial Banks including RRBs and LABs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks.
Dear Sir/Madam,
The Depositor Education and Awareness Fund Scheme, 2014 –Section 26A of Banking Regulation Act, 1949- Clarifications on Operational Guidelines
Please refer to thecircular DBOD.No.DEAF C...
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RBI |
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Reviewing the Reporting and Accounting Procedure of Relief and Savings Bonds - Revised Application format - 8% Savings (Taxable) Bonds, 2003
Posted Date : 24-Jun-2014 , 08:55:09 pm | Posted By: CASANSAAR
RBI/2013-14/654DGBA.CDD. No. 6919/13.01.299/2013-14
June 12, 2014
The Chairman/Managing DirectorHead Office (Government Accounts Department)State Bank of India and Associates
All Nationalised Banks(Excluding Punjab and Sind Bank and Andhra Bank)Axis Bank Ltd./ HDFC Bank Ltd./ICICI Bank Ltd.Stock Holding Corporation of India Ltd.(SHCIL)
Dear Sir/Madam
Reviewing the Reporting and Accounting Procedure of Relief and Savings Bonds - Revised Application format - 8% Savings (Taxable) Bonds...
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RBI |
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Financial Inclusion by Extension of Banking Services – Use of Business Correspondents
Posted Date : 24-Jun-2014 , 08:54:12 pm | Posted By: CASANSAAR
RBI/2013-14/653DBOD.No.BAPD.BC.122/22.01.009/2013-14
June 24, 2014
All Domestic Scheduled Commercial Banks(excluding RRBs)
Dear Sir /Madam
Financial Inclusion by Extension of Banking Services –Use of Business Correspondents
Please refer toparagraph 26of the First Bi-monthly Monetary Policy Statement, 2014-15 announced on April 1, 2014 which stated that “On financial inclusion, the fourth pillar, the recommendations of the Mor Committee on accelerating the flow of credi...
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RBI |
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CBDT notifies new Wealth-tax return form - Mandatory e-filing except by Individual/HUF not liable to Tax Audit
Posted Date : 24-Jun-2014 , 08:02:23 pm | Posted By: CASANSAAR
WEALTH-TAX (FIRST AMENDMENT) RULES, 2014 - SUBSTITUTION OF RULE 3 AND INSERTION OF FORM BB
NOTIFICATION NO.32/2014 [F.NO.143/1/2014-TPL]/SO 1576(E),DATED 23-6-2014
In exercise of the powers conferred by clause (ba) and clause (bb) of sub-section (2) of section 46 read with section 14A and section 14B of the Wealth-tax Act, 1957 (27 of 1957), the Central Board of Direct Taxes hereby makes the following rules further to amend the Wealth-tax Rules, 1957, namely:—
1.(1) These rules ma...
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Income Tax |
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Constitution of Special Investigating Team – sharing of information
Posted Date : 24-Jun-2014 , 08:34:30 am | Posted By: CASANSAAR
RBI/2013–14/652DBOD.AML.No.20470/14.01.001/2013-14
June 23, 2014
The Chairpersons / CEOs of all Scheduled CommercialBanks (Excluding RRBs)/Local Area Banks /All India Financial Institutions
Dear 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...
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RBI |
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