Financial Benchmarks- Governance Framework for Benchmark Submitters
Posted Date : 16-Apr-2014 , 09:19:52 pm | Posted By: CASANSAAR
RBI/2013-2014/565FMD.MSRG.No.102/02.18.002/2013-14
April 16, 2014
All Scheduled Commercial Banks and Primary Dealers
Dear Sir/ Madam,
Financial Benchmarks- Governance Framework for Benchmark Submitters
As you are aware, theCommittee on Financial Benchmarks(Chairman: Shri P. Vijaya Bhaskar, Executive Director) had submitted its Report on February 7, 2014 recommending several measures/principles to be adopted in respect of major Indian Rupee interest rate and Foreign exchange benchmar...
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RBI |
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Differential Rate of Interest for Micro and Small Enterprises (MSEs)
Posted Date : 15-Apr-2014 , 10:01:12 pm | Posted By: CASANSAAR
RBI/2013-14/564DBOD.Dir.BC.No.106/13.03.00/2013-14
April 15, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir / Madam
Differential Rate of Interest for Micro and Small Enterprises (MSEs)
A reference is invited topart ‘B’ of the First Bi-monthly Monetary Policy Statement, 2014-15 announced on April 1, 2014wherein certain measures have been proposed to be adopted by banks in order to give a fillip to the flow of credit to micro and small enterprises (MSEs) borrow...
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RBI |
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MCA extends efiling date from 14th April to 28th April 2014
Posted Date : 13-Apr-2014 , 07:36:01 pm | Posted By: CASANSAAR
Ministry ofCorporateAffairs (MCA) has issuedPublic NoticeNo. MCA21/28/2014-eGov dated 11th April, 2014 informing stakeholders that the allE-Formswill be available for upload with effect from 28th April, 2014 instead of 14th April, 2014 as notified earlier on 28th March, 2014....
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Corporate Laws |
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Trade Credits for Imports into India - Review of all-in-cost ceiling
Posted Date : 11-Apr-2014 , 09:16:45 am | Posted By: CASANSAAR
RBI/2013-14/561A.P. (DIR Series) Circular No.122
April 10, 2014
To
All Category – I Authorised 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 to theA.P. (DIR Series) Circular No. 56 dated September 30, 2013relating to 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 und...
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FEMA |
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External Commercial Borrowing (ECB) Policy - Review of all-in-cost ceiling
Posted Date : 11-Apr-2014 , 09:16:03 am | Posted By: CASANSAAR
RBI/2013-14/560A.P. (DIR Series) Circular No.121
April 10, 2014
To
All Category – I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowing (ECB) Policy – Review of all-in-cost ceiling
Attention of Authorised Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular no. 58 dated September 30, 2013relating 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 paragraph...
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FEMA |
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Rupee Drawing Arrangement - 'Direct to Account' Facility
Posted Date : 11-Apr-2014 , 09:15:08 am | Posted By: CASANSAAR
RBI/2013-14/559A.P. (DIR Series) Circular No.120
April 10, 2014
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Rupee Drawing Arrangement – ‘Direct to Account’ Facility
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 ...
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FEMA |
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Risk Management & Inter-Bank Dealings: Booking of Forward Contracts - Liberalisation
Posted Date : 08-Apr-2014 , 07:32:42 am | Posted By: CASANSAAR
RBI/2013-14/557A.P. (DIR Series) Circular No. 119
April 07, 2014
To,
All Authorised Dealer Category – I banks
Madam / Sir,
Risk Management & Inter-Bank Dealings:Booking of Forward Contracts - Liberalisation
Please refer toparagraph 23of the first Bi-Monthly Monetary Policy Statement, 2014-15 wherein, inter alia, it has been proposed to allow all resident individuals, firms and companies with actual foreign exchange exposures to book foreign exchange derivative contracts up to US$...
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FEMA |
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Foreign investment in India in Government Securities
Posted Date : 08-Apr-2014 , 07:32:02 am | Posted By: CASANSAAR
RBI/2013-14/556A.P. (DIR Series) Circular No.118
April 07, 2014
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Foreign investment in India in Government Securities
Please refer to paragraph 24 of first bi-monthly Monetary Policy statement, 2014-15.
2. Attention of AD Category-I banks is invited toA.P.(DIR Series) Circular No.94 dated April 1, 2013read withA.P.(DIR Series) Circular No.111 dated June 12, 2013andA.P.(DIR Series) Circular No.112 dated March 25, 2014, in terms ...
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FEMA |
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Investment through Alternative Investment Funds - Clarification on Calculation of NOF of an NBFC
Posted Date : 08-Apr-2014 , 07:31:20 am | Posted By: CASANSAAR
RBI/2013-14/554DNBS (PD) CC.No.373/03.10.001/2013-14
April 7, 2014
All NBFCs
Dear Sirs,
Investment through Alternative Investment Funds – Clarification on Calculation of NOF of an NBFC
In terms of section 45 IA of the RBI Act, 1934, net owned funds (NOF) of an NBFC means-
(a) the aggregate of the paid-up equity capital and free reserves as disclosed in the latest balance-sheet of the company after deducting there from–
(i) accumulated balance of loss;(ii) deferred revenue expe...
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RBI |
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Power to compound contraventions under FEMA, 1999 to vest with Regional Offices
Posted Date : 05-Apr-2014 , 08:04:26 am | Posted By: CASANSAAR
RBI/2013-14/553A.P. (DIR Series) Circular No.117
April 4, 2014
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Foreign Exchange Management Act, 1999 (FEMA)Foreign Exchange (Compounding Proceedings) Rules, 2000 (the Rules) -Compounding of Contraventions under FEMA, 1999
Attention of all the Authorised Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular no. 57 dated December 13, 2011and the Foreign Exchange (Compounding Proceedings) Rules, 2000 ...
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Income Tax |
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Financial statements, Audit / Board's report for FY 13-14 to be governed by Companies Act 1956
Posted Date : 05-Apr-2014 , 07:56:47 am | Posted By: CASANSAAR
GeneralCircular08/2014, Dated 04.04.2014
Subject: Commencement of provisions of the CompaniesAct, 2013 with regard to maintenance of books of accounts and preparations/adoption/filing of financialstatements, auditors report, Board’s report and attachments to suchstatementsand reports— Applicability with regard to relevantfinancial year.
A number of provisions of the CompaniesAct, 2013 including those relating to maintenance of books of account, preparation, adoption & filin...
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Corporate Laws |
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Dissemination of Information with regards to provisions of the Companies Act,2013
Posted Date : 03-Apr-2014 , 08:32:30 pm | Posted By: CASANSAAR
Dissemination of Information with regards to provisions of the Companies Act,2013.General Circular No. 07/2014dated 01/04/2014.
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Corporate Laws |
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Mandatory e-filing for firms, political parties and trusts giving notice of accumulation of income
Posted Date : 03-Apr-2014 , 10:47:26 am | Posted By: CASANSAAR
CBDT has videNotification No. 24/2014 dated 01.04.2014amendedrule 12 of Income Tax Rules 1962. Prior toamendmentof Rule 12 and upto A.Y. 2013-14 All Political Parties were allowed to Furnish ITR 7 in any of the following mode :-
(i) furnishing the return in a paper form;
(ii) furnishing the return electronically under digital signature;
(iii) transmitting the data in the return electronically and thereafter submitting theverificationof the returnin FormITR-V;
But withamendmenti...
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Income Tax |
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CBDT Notifies SAHAJ (ITR-1), ITR-2, SUGAM (ITR-4S) , ITR-V FOR A.Y. 2014-15
Posted Date : 03-Apr-2014 , 10:42:49 am | Posted By: CASANSAAR
NOTIFICATIONNO. 24/2014, Dated: April 1, 2014
S.O.997(E). -Inexerciseof the powers conferred by section 295 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 (4th Amendment) Rules, 2014.
(2) They shall come into force witheffectfrom the 1st day of April, 2014.
2. In the Income-tax Rules, 1962 (hereinafter referred to as the sa...
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Income Tax |
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Gold (Metal) Loans (GMLs)
Posted Date : 02-Apr-2014 , 09:44:54 pm | Posted By: CASANSAAR
RBI/2013-14/551DBOD.No.IBD.BC.104/23.67.001/2013-14
April 2, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir / Madam
Gold (Metal) Loans (GMLs)
Please refer to ourcircularDBOD.No.IBD.BC.33/23.67.001/2005-06 dated September 5, 2005andcircular DBOD.No.IBD.BC. 71/23.67.001/2006-07 dated April 3, 2007wherein banks had been advised to ensure the end use of gold loans and also to lay down appropriate risk management and lending policy to obviate the possibility of frauds in this area....
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RBI |
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Fee for filings etc. under section 403 of the Companies Act, 2013
Posted Date : 01-Apr-2014 , 09:31:18 pm | Posted By: CASANSAAR
Table of fees for the documents required to be submitted, filed,registered or recorded or for any fact or information required orauthorized to be registered under the Act, shall be submitted filed,registered or recorded within the time specified in the relevantprovision on payment of fee as prescribed hereunder :-
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Corporate Laws |
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Term Repo under Liquidity Adjustment Facility
Posted Date : 01-Apr-2014 , 09:25:46 pm | Posted By: CASANSAAR
RBI/2013-2014/550FMD.MOAG. No.101/01.01.009/2013-14
April 01, 2014
All Scheduled Commercial Banks (excluding RRBs)
Madam / Sir,
Term Repo under Liquidity Adjustment Facility
As announced today in theFirst Bi-monthly Monetary Policy Statement 2014-15, it has been decided to increase the quantum of liquidity provided under 7-day and 14-day term repos from 0.5 per cent of net demand and time liabilities (NDTL) of the banking system to0.75 per cent with immediate effect.
2. All other terms and...
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RBI |
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Advance Remittance for Import of Rough Diamonds
Posted Date : 01-Apr-2014 , 09:24:04 pm | Posted By: CASANSAAR
RBI/2013-14/548A.P. (DIR Series) Circular No.116
April 1, 2014
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Advance Remittance for Import of Rough Diamonds
Attention of Authorised Dealer Category – I (AD Category –I) banks is invited toA.P. (DIR Series) Circular No 34 dated March 02, 2007in terms of which we had, based on the recommendations of Gems and Jewellery Export Promotion Council (GJEPC), notified the names five mining companies (since increased to nin...
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FEMA |
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Forms for Appointment, Resignation, Removal & Reporting of Fraud by Auditor - Companies Act 2013
Posted Date : 01-Apr-2014 , 11:16:20 am | Posted By: CASANSAAR
Chapter X –The Companies(Audit and Auditors) Rules, 2014.
[To be published in the Gazette of India, Extraordinary,
Part II, Section 3, Sub-Section (i)]
Government of India
Ministry of Corporate Affairs
NOTIFICATION
New Delhi, the 31.03.2014
G.S.R….(E).-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 ...
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Corporate Laws |
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MVAT - Extension of date for filing Audit Report in form 704 for 2012-13 by developers
Posted Date : 30-Mar-2014 , 10:46:24 pm | Posted By: CASANSAAR
MVAT - Extension of date for filing Audit Report in form 704 for 2012-13 by developers vide Trade Circular No.10T of 2014 dated 29/03/2014
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VAT |
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Roll out plan of various forms under the Companies Act, 2013 and continuance of forms under the provisions of Companies Act, 1956
Posted Date : 30-Mar-2014 , 10:40:43 pm | Posted By: CASANSAAR
General Circular no 6/2014
F. No:-MCA21/28/2014
Ministry of Corporate Affairs
Government of India
‘A’ Wing, 5th Floor, Shastri Bhawan
Dr. Rajendra Pd Road, New Delhi-11001
Date: - 28/03/2014
To,
All Regional Director
All Registrars of Companies
Sub: - Roll out plan of various forms under the Companies Act, 2013 andcontinuance of forms under the provisions of Companies Act, 1956
Sir,
I am directed to inform that this Ministry has notified 183 additional sections inad...
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Corporate Laws |
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Issuance and Operation of Pre-paid Payment Instruments in India - Consolidated Revised Policy Guidelines
Posted Date : 29-Mar-2014 , 09:59:30 am | Posted By: CASANSAAR
RBI/2013-14/547DPSS.CO.PD.No.2074/02.14.006/2013-14
March 28, 2014
All Prepaid Payment Instrument Issuers, System Providers, System Participantsand all other Prospective Prepaid Payment Instrument Issuers
Madam / Dear Sir
Issuance and Operation of Pre-paid Payment Instruments in India – Consolidated Revised Policy Guidelines
To regulate the issue and operation of Pre-paid Payment Instruments, in exercise of the powers conferred under Section 18 of the Payment and Settlemen...
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RBI |
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Adoption of ISO 20022 Messaging Standard in RTGS System
Posted Date : 29-Mar-2014 , 09:58:36 am | Posted By: CASANSAAR
RBI/2013-14/546DPSS (CO) RTGS No. 2065/04.04.017/2013-14
March 28, 2014
The Chairperson / Chief Executive OfficerRTGS Members
Madam / Dear Sir,
Adoption of ISO 20022 Messaging Standard in RTGS System
A reference is invited to our circular 2013 – 14/413 [DPSS (CO) RTGS No. 1357/04.04.017/2013-14] dated December 20, 2013 regarding adoption of ISO 20022 messaging standard by participants for seamless processing of RTGS messages without conversion from/to “R” series formats ...
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RBI |
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Merchanting Trade Transactions - Revised guidelines
Posted Date : 29-Mar-2014 , 09:57:47 am | Posted By: CASANSAAR
RBI/2013-14/545A.P. (DIR Series) Circular No.115
March 28, 2014
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Merchanting Trade Transactions - Revised guidelines
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular Nos.106&4dated June 19, 2003 and July 19, 2003 respectively, containing directions relating to merchanting trade transactions. Further, in terms ofA.P. (DIR Series) Circular No. 95 dated January 17, 2014...
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FEMA |
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Guidelines on Sale of Financial Assets to Securitisation Company/Reconstruction Company (SC/RC) by Multi State Urban Cooperative Banks
Posted Date : 29-Mar-2014 , 09:56:47 am | Posted By: CASANSAAR
RBI/2013-14/543UBD.BPD.(PCB).Cir.No.53/13.05.000/2013-14
March 28, 2014
The Chief Executive Officers ofAll Multi-State Co-operative Banks
Dear Sir/Madam,
Guidelines on Sale of Financial Assets to Securitisation Company/Reconstruction Company (SC/RC) by Multi State Urban Cooperative Banks
Please refer to para 13.2 ofMaster Circular UBD.BPD(PCB).MC.No.12/ 16.20.000/2013-14 dated July 1, 2013on Investments by UCBs.
2. It has been decided to permit Urban Cooperative Banks registered under theM...
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RBI |
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Nomenclature of various forms prescribed under the provisions of Companies Act, 2013 being notified.
Posted Date : 29-Mar-2014 , 09:51:26 am | Posted By: CASANSAAR
In order to facilitate easy understanding of the e-forms being rolled out underthe provisions of Companies Act, 2013 and Rules made thereunder, thestakeholders are hereby informed that unlike numbering of various formsunder the Companies Act, 1956, forms under the new Act are mandatorilynumbered alpha-numeric. Initial of forms is to be started with alphabet of twoor three letters based on the subject of the Chapter, followed by serial numberof the form. This will define the nature of the forms a...
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Category :
Corporate Laws |
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Companies Act 2013- Clarification on defination of term 'related party'
Posted Date : 29-Mar-2014 , 09:46:20 am | Posted By: CASANSAAR
Order proposed to be issued under section 470 of the Companies Act, 2013
MINISTRY OFCORPORATE AFFAIRS
ORDER
New Delhi, the , 2014
S.O. _____ (E) Whereas the Companies 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 whereas clause (76) of section 2 of the Act define the term `related party’ has commenced on 12th September, 2013.
And whereas in su...
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Corporate Laws |
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Companies Act 2013- Notification for Amendment to Schedule II
Posted Date : 29-Mar-2014 , 09:44:52 am | Posted By: CASANSAAR
ThisNotificationbeen uploaded on the website of MCA on 28.03.2014
Government of IndiaMinistry ofCorporate AffairsNotification
New Delhi, dated, the ………… 2014
G.S.R. ___(E).- In exercise of the powers conferred by sub-section (2) of section 123read with sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following alterations toScheduleII to the said Act, namely:-
1. InScheduleII,
(1) in Part &lsquo...
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Corporate Laws |
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Capital requirements for standalone Primary Dealers exposure to interest rate derivative contracts, repo/reverse repo transactions and central counterparties
Posted Date : 28-Mar-2014 , 06:57:00 am | Posted By: CASANSAAR
RBI/2013-14/542IDMD.PCD.11/14.03.05/ 2013-14
March 27, 2014
All Standalone Primary Dealers
Dear Sir / Madam
Capital requirements for standalone Primary Dealers’ exposure to interest rate derivative contracts, repo/reverse repo transactions and central counterparties
Please refer to the Master Circular on Capital Adequacy Standards and Risk Management Guidelines for Standalone Primary Dealers issued videIDMD.PDRD.02/03.64.00/2013-14 dated July 1, 2013.
2. The existing guidelines on ca...
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Category :
RBI |
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Exposure norms for standalone PDs
Posted Date : 28-Mar-2014 , 06:56:11 am | Posted By: CASANSAAR
RBI/2013-14/541IDMD.PCD.12/14.03.05/2013-14
March 27, 2014
All Standalone Primary Dealers (PDs)
Dear Sir / Madam
Exposure norms for standalone PDs
Please refer to thecircular IDMD.PDRD.N0 19/03.64.00/2010-11 dated July 27, 2010updated videcirculars IDMD.PCD.No.1652/14.03.05/2010-11 dated November 11, 2010andIDMD.PCD.No.718/14.03.05/2012-13 dated September 3, 2012.
2. With a view to promote central clearing of standardised OTC derivative products through a Central Counter Party (CCP), it ha...
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RBI |
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