Reporting of OTC Interest Rate Derivatives
Posted Date : 25-Mar-2014 , 10:07:52 pm | Posted By: CASANSAAR
RBI/2013-14/532FMD.MSRG.No.99/02.05.002/2013-14
March 25, 2014
All Scheduled Commercial Banks (excluding RRBs and LABs) and Primary Dealers
Dear Sir/ Madam,
Reporting of OTC Interest Rate Derivatives – Client Level Transactions
Please refer to ourcircular FMD.MSRG.No.94/02.05.002/2013-14 dated December 04, 2013wherein it was advised that the existing reporting arrangement for the client level Rupee Interest Rate Swap (IRS)/Forward Rate Agreement (FRA) transactions by banks and primary...
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RBI |
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Balance Sheet of Banks - Disclosure of Information
Posted Date : 25-Mar-2014 , 10:07:04 pm | Posted By: CASANSAAR
RBI/2013-14/531UBD CO BPD (PCB) Cir. No.52/12.05.001/2013-14
March 25, 2014
Chief Executive Officer ofAll Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Balance Sheet of Banks - Disclosure of Information
Please refer to ourCircular UBD.CO.BPD. (PCB) No. 20/16.45.00/2002-03 dated October 30, 2002on the captioned subject.
2. In terms of the above circular, urban co-operative banks (UCBs) having deposits of Rs.100 crore, were advised to disclose certain information as 'Notes on Accounts...
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Instruments for Augmenting Capital Funds-UCBs - Modification
Posted Date : 25-Mar-2014 , 10:06:20 pm | Posted By: CASANSAAR
RBI/2013-14/530UBD CO BPD PCB Cir No.51/09.18.201/2013-14
March 25, 2014
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Instruments for Augmenting Capital Funds-UCBs - Modification
Please refer to ourcircular UBD PCB Cir.No.4/09.18.201/2008-09 dated July 15, 2008on the captioned subject.
2. It has been decided to modify para 1 of the Annex II to the said circular as under:
“UCBs may issue Long Term Deposits subject to compliance with their by...
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Clarification with regard to section 180 of the Companies Act, 2013
Posted Date : 25-Mar-2014 , 09:56:04 pm | Posted By: CASANSAAR
This.Ministry has received many representations regarding various difficultiesarising out of implementation of section 180 of the Companies Act, 2013 withreference to borrowings and/or creation of security, based on the basis of ordinaryresolution. The matter has been examined in the Ministry and it is hereby clarifiedthat the resolution passed under section 293 of the Companies Act, 1956 prior to12.09.2013 with reference to borrowings (subject to the limits prescribed) and / orcreation of secur...
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Corporate Laws |
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Income Tax Offices to be open on last three days of March 2014
Posted Date : 22-Mar-2014 , 08:40:21 pm | Posted By: CASANSAAR
GOVERNMENT OF INDIAMINISTRY OFFINANCEDEPARTMENT OF REVENUECENTRAL BOARD OF DIRECT TAXESNEW DELHI
OFFICEMEMORANDUM
Dated: March 20, 2014
Sub: Highlights of theVideo Conferenceheld on 20.03.2014-reg-
1. In order to achievethe target, a further net collection of Rs. 50,204 crore is required. An analysis with reference to collections in respect of each CCIT(CCA),the growthtrendtill dateandthe growthtrend with reference to minor heads suggested thatthe targetcould be reached provided there is...
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Ministry tweaks rules on remuneration and service terms of ITAT Members
Posted Date : 21-Mar-2014 , 08:00:32 pm | Posted By: CASANSAAR
INCOME TAX APPELLATE TRIBUNAL MEMBERS (RECRUITMENT AND CONDITIONS OF SERVICE) AMENDMENT RULES, 2014 - AMENDMENT IN RULE 9
NOTIFICATION NO. GSR 174(E) [F.NO.A-12018(1)/02/2013-ADMN.III(LA)],DATED 10-3-2014
In exercise of the powers conferred by the proviso to article 309 of the Constitution, the President hereby makes the following rules further to amend the Income Tax Appellate Tribunal Members (Recruitment and Conditions of Service) Rules, 1963, namely :—
1.(1) These rules may be calle...
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The Depositor Education and Awareness Fund Scheme, 2014 - Section 26A of Banking Regulation Act, 1949
Posted Date : 21-Mar-2014 , 07:57:15 pm | Posted By: CASANSAAR
RBI/2013-14/527DBOD.No.DEAF Cell.BC.101/30.01.002/2013-14
March 21, 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
Please refer toparagraph 93of the Monetary Policy Statement 2013-14 announced by Governor on May 3,...
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Public Provident Fund Scheme, 1968 (PPF Scheme, 1968) and Senior Citizens Savings Scheme, 2004 (SCSS, 2004) - Revision of interest rates
Posted Date : 21-Mar-2014 , 07:56:01 pm | Posted By: CASANSAAR
RBI/2013-14/526DGBA.CDD. No. 5342 /15.02.001/2013-14
March 21, 2014
The Chairman and Managing Director/Managing DirectorHead Office, Government Accounts DepartmentState Bank of India/State Bank of Bikaner & Jaipur/State Bank of Hyderabad/State Bank of Mysore/State Bank of Patiala/ State Bank of Travancore/Andhra Bank/Allahabad 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...
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End of Support for Windows XP
Posted Date : 19-Mar-2014 , 10:02:28 pm | Posted By: CASANSAAR
RBI/2013-14/525DIT CO No.1971/07.71.099/2013-14
March 19, 2014
The Chairmen/Chief Executive Officers,All Scheduled Commercial Banks (excluding RRBs)
Dear Sir/Madam,
End of Support for Windows XP
It is learnt that Microsoft will stop issuing updates and patches for bugs in its Windows XP operating system (released in 2001) from April 8, 2014. The probability of attacks on such a system may increase and it may be difficult to defend such attacks in the absence of Microsoft support.
2. As som...
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Buyback of assets from SC/RCs by the Defaulters and acquisition of assets by SC/RCs from sponsor banks
Posted Date : 19-Mar-2014 , 10:01:30 pm | Posted By: CASANSAAR
RBI/2013-2014/523DNBS (PD) CC.No. 37/SCRC/26.03.001/2013-2014
March 19, 2014
The Chairman/Managing Director/Chief Executive OfficerAll registered Securitisation Companies/Reconstruction Companies
Dear Sir,
Buyback of assets from SC/RCs by the Defaulters and acquisition of assets bySC/RCs from sponsor banks
Please refer to“The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003” dated April 23, 2003(herein after called Guidelines)....
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Restructuring Support Finance - participation by investors
Posted Date : 19-Mar-2014 , 10:00:29 pm | Posted By: CASANSAAR
RBI/2013-2014/522DNBS (PD) CC. No. 36/SCRC/26.03.001/2013-2014
March 19, 2014
The Chairman/Managing Director/Chief Executive OfficerAll registered Securitisation Companies/Reconstruction Companies
Dear Sir,
Restructuring Support Finance - participation by investors
Please refer to “The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003” dated April 23, 2003 (herein after called Guidelines) andDNBS.PD (SC/RC) CC. No. 13/26.03.001/...
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RBI |
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CBDT clarification on export of computer software in relation to Sec 10A, 10AA, 10B
Posted Date : 16-Mar-2014 , 09:51:49 pm | Posted By: CASANSAAR
CBDT INSTRUCTION NO 3/2014, Dated: March 14, 2014
Issues relating to exportof computer software-Direct taxbenefits- Clarification-reg
A clarificatoryCircular No. 01/2013 dated 17.01.2013was issued by CBDT to address various contentious issues leading to tax disputes in cases of entities engaged in exportof computer softwarewhich are availing tax-benefits under sections 10A, 10AA and 10B of the Income-tax Act, 1961.
2. Thereafter,Instruction No.17/2013was issued on 19.11.2013 to the field auth...
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Annual Credit Plans
Posted Date : 14-Mar-2014 , 08:46:24 pm | Posted By: CASANSAAR
RBI/2013-14/520RPCD.CO.LBS.BC.No.93/02.01.001/2013-14
March 14, 2014
The Chairmen and Managing DirectorsAll Lead Banks
Dear Sir,
Annual Credit Plans – Potential Linked Plan (PLPs) prepared by NABARD
Please refer to thecircular RPCD.CO.LBS. (SAA) BC.No.93/08.01.00/2004-05 dated April 11, 2005advising all scheduled commercial banks including Regional Rural Banks that a pre-PLP meeting may be convened by Lead District Manager during August /September to be attended by the banks, ...
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RBI |
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Rupee Drawing Arrangement - Increase in trade related remittance limit
Posted Date : 13-Mar-2014 , 09:47:17 pm | Posted By: CASANSAAR
RBI/2013-14/516A. P. (DIR Series) Circular No. 111
March 13, 2014
To,
All Authorised Dealer Category - I Banks
Madam / Sir,
Rupee Drawing Arrangement - Increase in trade related remittance limit
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to Part (B) of Annex-I 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 Curren...
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FEMA |
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Priority Sector Lending-Targets and Classification-Bank loans to MFIs for on-lending-pricing criteria
Posted Date : 13-Mar-2014 , 08:02:04 am | Posted By: CASANSAAR
RBI/2013-14/515RPCD.CO.Plan.BC 91/04.09.01/2013-14
March 12, 2014
The Chairman/ Managing Director/Chief Executive Officer[All scheduled commercial banks(excluding Regional Rural Banks)]
Dear Sir,
Priority Sector Lending-Targets and Classification-Bank loans to MFIs for on-lending-pricing criteria
Please refer to paragraphs VIII (c) (i) and (ii) of our mastercircular No. RPCD.CO.Plan.BC.9/04.09.01/2013-14 dated July 1, 2013on Priority Sector Lending-Targets and Classification.
2. On a r...
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FinMin notifies 8.7% interest rate wef 01-04-2014 on special deposit Scheme under non-Govt. PF contributions
Posted Date : 12-Mar-2014 , 08:28:07 am | Posted By: CASANSAAR
SPECIAL DEPOSIT SCHEME FOR NON-GOVERNMENT PROVIDENT, SUPERANNUATION AND GRATUITY FUNDS - NOTIFIED RATE OF INTEREST ON DEPOSITS MADE UNDER SAID SCHEME W.E.F. 1-4-2014 UNTIL FURTHER ORDERS
NOTIFICATION NO.5(4)-B(PD)/2014,DATED 4-3-2014
It is hereby notified that the deposits made under the Special Deposit Scheme for non-Government Provident, Superannuation and Gratuity funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No.F.16(1)-PD/75 dated 30th June, 1975...
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Income Tax |
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AOs to identify taxable portion out of sum paid to NR to fix possible liability for TDS default under Sec. 195
Posted Date : 08-Mar-2014 , 04:14:54 pm | Posted By: HARPAL SINGH CHEEMA
The CBDT has issued Instruction No. 02/2014 dated 26.02.2014 in which it has referred tothe judgements of the Supreme Court in Transmission Corp of A. P. 299 ITR 587 and GE India Technology Pvt. Ltd 327 ITR 456 on the issue of deduction of tax at source u/s 195 while making payments to non-residents. The CBDT has directed AOs u/s 119 that in a case where the assessee fails to deduct TDS u/s 195, the AO cannot treat the whole sum remitted to the non-resident as being chargeable to tax but he has ...
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Income Tax |
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Regarding import of Gold by
Posted Date : 06-Mar-2014 , 10:28:55 pm | Posted By: CASANSAAR
Circular No 06/2014-Customs
F. No. 520/04/2014-Cus.VI
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Excise and Customs)
****
Room No. 227-B, North Block
New Delhi, dated 06thMarch, 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
All Director Generals under CBEC
Sir/ Madam,
...
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Custom |
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PVAT - Clarifications Regarding Single Stage Taxation
Posted Date : 06-Mar-2014 , 08:29:09 am | Posted By: CASANSAAR
In light of the above notification we are receiving queries from variousdealers and lawyers. In response to this, following clarifications are beingissued:...
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VAT |
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DVAT - Notification on Revised format of T-2
Posted Date : 06-Mar-2014 , 08:28:36 am | Posted By: CASANSAAR
DVAT - Notification on Revised format of T-2 dated 05-03-2014....
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VAT |
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Central Sales Tax(Delhi)[Amendment]Rules,2014
Posted Date : 06-Mar-2014 , 08:27:45 am | Posted By: CASANSAAR
Central Sales Tax(Delhi)[Amendment]Rules,2014.No.F.3(27)Fin.(Rev-I)2013-14/DSVI/292 dated 05-03-2014...
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VAT |
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Ensuring Reasonableness of Bank Charges and Charges Levied for Sending SMS Alerts by State Cooperative Banks (StCBs) /District Central Cooperative Banks (DCCBs)
Posted Date : 06-Mar-2014 , 08:14:19 am | Posted By: CASANSAAR
RBI/2013-14/513RPCD.CO.RCB.BC.No. 90 /07. 51.010 /2013-14
March 05, 2014
The ChairmenAll State/ District Cooperative Banks
Dear Sir/Madam,
Ensuring Reasonableness of Bank Charges and Charges Levied for Sending SMS Alerts by State Cooperative Banks (StCBs) /District Central Cooperative Banks (DCCBs)
Please refer to paragraph 37 of the Second Quarter Review of Monetary Policy Statements 2013-14 announced on October 29, 2013 (extract enclosed) on ‘Customer Service – Charges Levied ...
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RBI |
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Due date of filing TDS/TCS returns by Govt. deductor extended to 31-03-2014; no refund of fee paid under sec. 234E
Posted Date : 05-Mar-2014 , 09:35:22 pm | Posted By: CASANSAAR
The Central Board of Direct Taxes (‘the Board’) has received several petitions fromdeductors/collectors, being an office of the Government (‘Government deductors’), regardingdelay in filing of TDS/TCS statements due to late furnishing of the Book Identification Number(BIN) by the Principal Accounts Officers (PAO) / District Treasury Office (DTO) / ChequeDrawing and Disbursing Office (CDDO). This has resulted in consequential levy of fees undersection 234E of the Income-Ta...
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Income Tax |
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Money Transfer Service Scheme
Posted Date : 04-Mar-2014 , 09:09:10 pm | Posted By: CASANSAAR
RBI/2013-14/511A.P. (DIR Series) Circular No. 110
March 4, 2014
To,
All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme
Madam / Sir,
Money Transfer Service Scheme – ‘Direct to Account’ facility
Attention of Authorised Persons, who are Indian Agents under Money Transfer Service Scheme (MTSS) is invited to Para 4.4 (e) Payment to Beneficiaries ofAnnex II- Section I of the A.P. (DIR Series) Circular No. 89 dated March 12, 2013 on Money Transfer ...
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FEMA |
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Recognising E-Aadhaar as an
Posted Date : 04-Mar-2014 , 09:08:19 pm | Posted By: CASANSAAR
RBI/2013-14/510DBOD.AML.BC.No. 100/14.01.001/2013-14
March 4, 2014
The Chairpersons/Chairmen / CEOs of all Scheduled Commercial Banks(Excluding RRBs)/Local Area Banks / All India Financial Institutions
Madam / Dear Sir,
Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 –Recognising E-Aadhaar as an ‘Officially Valid Document’ under PML Rule...
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RBI |
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Withdrawal of all old series of Banknotes issued prior to 2005
Posted Date : 03-Mar-2014 , 08:15:24 pm | Posted By: CASANSAAR
RBI/2013-14/509DCM(Plg) No.G- 19/3880/10.27.00/2013-14
March 03, 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-17/3231/10.27.00/2013-14 dated January 23, 2014on the captioned subject which was followed by a Press Release on January 24, 2014 (copy enclosed).
2. On a review of the matter...
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RBI |
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Online details of Invoice & GR (T-2 Form) in respect of goods procured from outside Delhi
Posted Date : 03-Mar-2014 , 08:13:25 pm | Posted By: CASANSAAR
In exercise of the powers conferred under sub-section (1) read with sub-section (3) ofsection 70 of the Delhi VAT Act, 2004, I, Prashant Goyal, hereby direct that the details ofInvoice and Goods Receipt (GR) Note in respect of all goods purchased or received as stocktransfer or received on consignment agreement from outside Delhi shall be submittedonline by dealers, using their login id and password, before the goods physically enter theboundary of Delhi. The details shall be submitted by all de...
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VAT |
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Notification relating to effective date of provisions of section 135 and Schedule VII of Companies Act, 2013
Posted Date : 02-Mar-2014 , 07:11:16 pm | Posted By: CASANSAAR
Notification relating to effective date of provisions of section 135 and Schedule VII of Companies Act, 2013, dated 27/02/2014....
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Corporate Laws |
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Companies (Corporate Social Responsibility Policy) Rules, 2014
Posted Date : 02-Mar-2014 , 07:09:53 pm | Posted By: CASANSAAR
Companies (Corporate Social Responsibility Policy) Rules, 2014. dated 27/02/2014...
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Corporate Laws |
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Notification relating to amendments of Schedule VII of Companies Act, 2013
Posted Date : 02-Mar-2014 , 07:07:30 pm | Posted By: CASANSAAR
Notification relating to amendments of Schedule VII of Companies Act, 2013, Dated 27/02/2014....
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