Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Posted Date : 21-Jul-2022 , 10:16:54 am | Posted By: CASANSAAR
RBI/2022-23/92
FIDD.GSSD.CO.BC.No.09/09.01.003/2022-23
July 20, 2022
The Chairman/Managing Director & CEO
Public Sector Banks,
Private Sector Banks (including Small Finance Banks)
Madam/Dear Sir,
Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Please refer to theMaster Circular FIDD.GSSD.CO.BC.No.04/09.01.01/2021-22 dated April 01, 2021on Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM).
2. The ...
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RBI |
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Seeks to amend notification No. 14/2019- Central Tax
Posted Date : 15-Jul-2022 , 08:05:55 am | Posted By: CASANSAAR
G.S.R (E).- In exercise of the powers conferred under the proviso to sub-section (1) of section 10 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 14/2019-Central Tax, dated the 7th March, 2019, published in the Gazette of India, Extraordinary, Part II...
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GST |
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Seeks to amend notification No. 10/2019- Central Tax
Posted Date : 15-Jul-2022 , 08:04:52 am | Posted By: CASANSAAR
G.S.R (E).- In exercise of the powers conferred by sub-section (2) of section 23 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 10/2019-Central Tax, dated the 7th March, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-s...
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GST |
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International Trade Settlement in Indian Rupees (INR) - RBI
Posted Date : 12-Jul-2022 , 08:57:05 am | Posted By: CASANSAAR
RBI/2022-2023/90
A.P. (DIR Series) Circular No.10
July 11, 2022
To
All Category-I Authorised Dealer Banks
Madam/Sir
International Trade Settlement in Indian Rupees (INR)
In order to promote growth of global trade with emphasis on exports from India and to support the increasing interest of global trading community in INR, it has been decided to put in place an additional arrangement for invoicing, payment, and settlement o...
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FEMA |
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Overseas foreign currency borrowings of Authorised Dealer Category-I banks
Posted Date : 08-Jul-2022 , 07:35:13 am | Posted By: CASANSAAR
RBI/2022-23/88
A. P. (DIR Series) Circular No. 08
July 07, 2022
All Authorised Dealer Category-I Banks
Madam/Sir,
Overseas foreign currency borrowings of Authorised Dealer Category-I banks
Attention of Authorised Dealer Category-I (AD Cat-I) banks is invited to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 [Notification no. FEMA 3(R)/2018-RB dated December 17, 2018] andMaster Direction - Risk Management...
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FEMA |
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Investment by Foreign Portfolio Investors (FPI) in Debt - Relaxations
Posted Date : 08-Jul-2022 , 07:34:19 am | Posted By: CASANSAAR
RBI/2022-23/87
A.P. (DIR Series) Circular No.07
July 07, 2022
To
All Authorised Persons
Madam/Sir,
Investment by Foreign Portfolio Investors (FPI) in Debt - Relaxations
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the paragraph 3 of thepress release on “Liberalisation of Forex Flows” dated July 06, 2022regarding relaxations in the regulatory regime under the Medium-Term Framework. A...
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FEMA |
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Fully Accessible Route for Investment by Non-residents in Government Securities – Additional specified securities
Posted Date : 08-Jul-2022 , 07:33:18 am | Posted By: CASANSAAR
RBI/2022-23/86
FMRD.FMID.No.04/14.01.006/2022-23
July 07, 2022
To
All participants in Government Securities market
Madam/Sir,
‘Fully Accessible Route’ for Investment by Non-residents in Government Securities – Additional specified securities
Please refer to paragraph 3 of thepress release on “Liberalisation of Forex Flows” dated July 06, 2022regarding inclusion of additional ‘specified s...
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RBI |
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Master Direction on Interest Rate on Deposits - RBI
Posted Date : 07-Jul-2022 , 08:34:03 am | Posted By: CASANSAAR
RBI/2022-23/82
DOR.SOG (SPE).REC.No 53/13.03.000/2022-23
July 06, 2022
All Scheduled Commercial Banks (including Regional Rural Banks)
All Small Finance Banks
All Local Area Banks
All Payment Banks
All Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative Banks
Dear Sir / Madam,
Master Direction on Interest Rate on Deposits - Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] and Non-Resident (Externa...
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RBI |
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Requirement for obtaining prior approval in case of takeover / acquisition of control of non-bank PSOs and sale / transfer of payment system activity of non-bank PSO
Posted Date : 05-Jul-2022 , 12:22:31 pm | Posted By: CASANSAAR
RBI/2022-23/80
CO.DPSS.POLC.No.S-590/02-14-006/2022-23
July 04, 2022
The Chairman / Managing Director / Chief Executive Officer
Bank and Non-bank Payment System Operators (PSOs)
Madam / Dear Sir,
Requirement for obtaining prior approval in case of takeover / acquisition of control of non-bank PSOs and sale / transfer of payment system activity of non-bank PSO
A reference is invited to Reserve Bank of India (RBI) instructions c...
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RBI |
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Last date for filing of LLP Form 11 without additional fee extended
Posted Date : 30-Jun-2022 , 09:15:52 am | Posted By: CASANSAAR
In continuation of MCA General Circular no. 04/2022 dated 27.5.2022 on the captioned subject, it has been decided to further extend the timeline and allow LLPs to file e-Form 11 (Annual Return) for the Financial Year 2021-2022 without paying additional fees up to 15th July, 2022
...
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Corporate Laws |
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Provisioning Requirement for Investment in Security Receipts (SRs) - RBI
Posted Date : 29-Jun-2022 , 08:32:28 am | Posted By: CASANSAAR
RBI/2022-23/78
DOR.STR.REC.51/21.04.048/2022-23
June 28, 2022
All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks
All Local Area Banks and Regional Rural Banks
All All-India Financial Institutions
All Non-Banking Financial Companies
Provisioning Requirement for Investment in Security Receipts (SRs)
Please refer to clause 77 of theMaster Direction – Reserve Bank of India (T...
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RBI |
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Extension of the validity of FCRA registration certificates till 30.09.2022
Posted Date : 27-Jun-2022 , 08:23:44 am | Posted By: CASANSAAR
No.II/21022/23(22)/2020-FCRA-III
Government of India
Ministry of Home Affairs
(Foreigners Division-FCRA)
First Floor, Major Dhyan Chand
National Stadium,
India Gate Circle, New Delhi-110001
Dated: the 22nd June, 2022
PUBLIC NOTICE
Subject: Extension of the validity of FCRA registration certificates
In continuation of Ministry of Home Affairs’ Public Noti...
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FEMA |
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RBI extends timeline for storing of Card-on-File (CoF) data by 3 months
Posted Date : 25-Jun-2022 , 09:43:50 am | Posted By: CASANSAAR
RBI/2022-23/77
CO.DPSS.POLC.No.S-567/02-14-003/2022-23
June 24, 2022
All Payment System Providers and Payment System Participants
Madam / Dear Sir,
Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]
Reference is invited toReserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/ 2019-20 dated March 17, 2020andCO.DPSS.POLC.No.S33/02-14-008/2020-2021 dated March 31, 2021on “Guidelines on Regulation ...
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RBI |
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RBI Master Circular - Housing Finance for UCBs
Posted Date : 24-Jun-2022 , 07:45:34 am | Posted By: CASANSAAR
RBI/2022-23/76
DOR.CRE.REC.No.49/09.22.010/2022-23
June 23, 2022
All Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Master Circular - Housing Finance for UCBs
Please refer to ourMaster Circular DCBR.BPD.(PCB) MC No.9/09.22.010/2015-16 dated July 1, 2015on the captioned subject (available at RBI websitehttps://rbi.org.in/). The enclosedMaster Circularconsolidates and updates all the instructions / guidelines on the subject issu...
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RBI |
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Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income-tax Act, 1961
Posted Date : 23-Jun-2022 , 08:00:53 am | Posted By: CASANSAAR
Finance Act 2022 inserted a new section 194S in the Income-tax Act, 1961 (hereinafter referred to as “the Act”) with effect from 1st July 2022.
The new section mandates a person, who is responsible for paying to any resident any sum by way of consideration for transfer of a virtual digital asset (VDA), to deduct an amount equal to 1% of such sum as income tax thereon. The tax deduction is required to be made at the time of credit of such sum to the accou...
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CBDT |
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RBI extends timeline for Master direction on Credit and Debit Card
Posted Date : 22-Jun-2022 , 08:15:19 am | Posted By: CASANSAAR
RBI/2022-23/74
DoR.AUT.REC.No.48/24.01.041/2022-23
June 21, 2022
All Scheduled Banks (excluding Payments Banks/State Co-operative Banks and District Central Co-operative Banks)
All Non-Banking Financial Companies (NBFCs)
Madam/Dear Sir
Extension of timeline for implementation of certain provisions of Master Direction – Credit
Card and Debit Card – Issuance and Conduct Directions, 2022
Please refer to paragraph ...
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RBI |
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Guidelines for removal of difficulties under sub-section (2) of section 194R of the Incometax Act
Posted Date : 17-Jun-2022 , 08:48:59 am | Posted By: CASANSAAR
Finance Act 2022 insetted a new section 194R in the Income-tax Act, 1961 (hereinafter referred to as "the Act") with effect from I" July 2022.
The new section mandates a person, who is responsib le for providing any benefit or perquisite to a resident, to deduct tax at source @ IO% of the value or aggregate of va lue of such benefit or perquisite, before provid ing such benefit or perquisite. The benetit or perquisite may or may not be convertible int...
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Income Tax |
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Processing of e-mandates for recurring transactions - RBI
Posted Date : 17-Jun-2022 , 08:42:48 am | Posted By: CASANSAAR
RBI/2022-23/73
CO.DPSS.POLC.No.S-518/02.14.003/2022-23
June 16, 2022
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks, including Regional Rural Banks /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks / Payments Banks /
Small Finance Banks / Local Area Banks /
Non-bank Prepaid Payment Instrument Issuers / Authorised Card Payment Networks /
National P...
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RBI |
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Sovereign Gold Bond (SGB) Scheme 2022-23 - RBI
Posted Date : 17-Jun-2022 , 08:41:59 am | Posted By: CASANSAAR
RBI/2022-23/72
IDMD.CDD.No.S789/14.04.050/2022-23
June 16, 2022
Scheduled Banks (as per the list attached),
Designated Post Offices (as per the list attached)
Stock Holding Corporation of India Ltd.
National Stock Exchange of India Ltd, Bombay Stock Exchange Ltd.
Clearing Corporation of India Ltd.
Madam/Dear Sir,
Sovereign Gold Bond (SGB) Scheme 2022-23
Government of India, vide itsNotification No F.No4.(6)-B (W&am...
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RBI |
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Cost Inflation Index for the Financial Year 2022-23
Posted Date : 17-Jun-2022 , 08:40:23 am | Posted By: CASANSAAR
S.O. 2735(E).In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, published in the Gazette of India, Extraordinary, vide number S.O. 1790(E), dated the 5th June, 2017, namely:- 2. In the said notification, in t...
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Income Tax |
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Bank finance to Government owned entities - RBI
Posted Date : 15-Jun-2022 , 11:00:35 am | Posted By: CASANSAAR
RBI/2022-23/71
DOR.CRE.REC.No.47/13.03.00/2022-23
June 14, 2022
All Scheduled Commercial Banks
(Excluding RRBs)
Madam / Dear Sir
Bank finance to Government owned entities
Please refer to theMaster Circulars DBR.No.Dir.BC.10/13.03.00/2015-16 dated July 1, 2015on ‘Loans and Advances – Statutory and Other Restrictions’ andDOR.CRE.REC.No.06/08.12.001/2022-23 dated April 1, 2022on ‘Housing Finance’.
...
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RBI |
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Discontinuation of Return under Foreign Exchange Management Act, 1999
Posted Date : 10-Jun-2022 , 10:38:22 am | Posted By: CASANSAAR
RBI/2022-23/69
A.P. (DIR Series) Circular No. 05
June 09, 2022
AD Category I banks
Madam/ Sir,
Discontinuation of Return under Foreign Exchange Management Act, 1999
Attention of Authorised Persons is invited toA.P. (DIR series) circular No 26, dated February 18, 2022, wherein Authorised Persons were advised about proposed discontinuation of the return “Details of guarantee availed and invoked from non-resident entities&rdquo...
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FEMA |
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Govt waives interest for specified e-commerce operators under GST
Posted Date : 10-Jun-2022 , 10:36:40 am | Posted By: CASANSAAR
G.S.R.......(E).- In exercise of the powers conferred by sub-section (1) of section 50 read with section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Government, on the recommendations of the Council, hereby notifies the rate of interest per annum to be ‘Nil’, for the class of registered persons mentioned in column (2) of the Table given below, who were required to furnish the statement in FORM GSTR-8, but failed to furnish the said stat...
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GST |
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Provisioning for Standard assets by Non-Banking Financial Company – Upper Layer
Posted Date : 07-Jun-2022 , 08:12:47 am | Posted By: CASANSAAR
RBI/2022-23/61
DOR.STR.REC.40/21.04.048/2022-23
June 6, 2022
All Non-Banking Financial Companies
(Including Housing Finance Companies)
Madam / Dear Sir,
Provisioning for Standard assets by Non-Banking Financial Company – Upper Layer
Please refer to thecircular DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22, 2021on “Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs” wherein it was in...
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RBI |
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Master Direction – Reserve Bank of India (Variation Margin) Directions, 2022
Posted Date : 02-Jun-2022 , 08:26:11 am | Posted By: CASANSAAR
RBI/2022-23/93
FMRD.DIRD.02/14.01.023/2022-23
June 01, 2022
To
All Eligible Market Participants
Madam/Sir
Master Direction – Reserve Bank of India (Variation Margin) Directions, 2022
Please refer to Paragraph 10 of theStatement on Developmental and Regulatory Policiesannounced as a part of theBi-monthly Monetary Policy Statement for 2019-20 dated February 06, 2020, on issuance of the Directions regarding exchange of ...
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RBI |
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MCA allows LLPs to file event based e-forms without additional fees
Posted Date : 01-Jun-2022 , 12:59:00 pm | Posted By: CASANSAAR
Relaxation in paying additional fees in case of delay in filing all the event based e-forms by LLPs which are due on and after 25th February, 2022 to 31st May, 2022 up to 30th June, 2022-reg.
...
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Category :
Companies Act |
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Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit - Extension
Posted Date : 01-Jun-2022 , 12:55:04 pm | Posted By: CASANSAAR
RBI/2022-23/60
DOR.STR.REC.39/04.02.001/2022-23
May 31, 2022
All Scheduled Commercial Banks (excluding RRBs),
Small Finance Banks,
Primary (Urban) Cooperative Banks & State Cooperative Banks (scheduled banks having AD category-I license), andExim Bank
Dear Sir / Madam,
Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit - Extension
Please refer to paragraph 2.4 of thecircular No. DOR.STR.REC...
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RBI |
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Due Date for filing Form 11(Annual Return) by LLP Extended
Posted Date : 28-May-2022 , 08:18:22 am | Posted By: CASANSAAR
LLP due date extension till 30th June 2022. Relaxation in paying additional fees in case of delay in filing Form 11(Annual Return) by Limited Liability Partnerships up to 30th June, 2022.
...
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Companies Act |
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Bharat Bill Payment System – Amendment to guidelines - RBI
Posted Date : 27-May-2022 , 10:35:55 am | Posted By: CASANSAAR
RBI/2022-2023/58
CO.DPSS.POLC.No. S-253/02-27-020/2022-23
May 26, 2022
The Chairman and Managing Director / Chief Executive Officer
NPCI Bharat BillPay Ltd. / Bharat Bill Payment System Providers /
Participants and prospective Bharat Bill Payment Operating Units
Madam / Dear Sir,
Bharat Bill Payment System – Amendment to guidelines
This has reference to the guidelines on Bharat Bill Payment System (BBPS) issued by th...
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RBI |
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Waiver of late fee payable for delay in furnishing of FORM GSTR-4 for the FY 2021-22
Posted Date : 27-May-2022 , 10:34:15 am | Posted By: CASANSAAR
Waiver of late fee payable for delay in furnishing of FORM GSTR-4 for the FY 2021-22 shall stand waived for the period from the 1st day of May, 2022 till the 30th day of June, 2022.
...
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Category :
GST |
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