External Commercial Borrowings (ECB) Policy
Posted Date : 11-Jul-2013 , 08:27:51 pm | Posted By: Vinay Sharma
RBI/2013-14/134A.P.(DIR Series) Circular No.11
July 11, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowings (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. 99 dated March 30, 2012andA.P. (DIR Series) Circular No. 60 dated December 14, 2012relating to ECB.
2. On a review, it has been decided that the all-in-cost ceiling as specified in A.P....
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Overseas Investments
Posted Date : 11-Jul-2013 , 08:27:32 pm | Posted By: Vinay Sharma
RBI/2013-14/131A.P. (DIR Series) Circular No.8
July 11, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Overseas Investments – Shares of SWIFT
Attention of the Authorised Dealers (AD) is invited to Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004 notified by the Reserve Bank videNotification No. FEMA 120/RB-2004 dated July 07, 2004and as amended from time to time.
2. As per the extant FEMA provisions, the proposal of acquisition...
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RBI |
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External Commercial Borrowings (ECB) Policy
Posted Date : 11-Jul-2013 , 08:27:13 pm | Posted By: Vinay Sharma
RBI/2013-14/133A.P. (DIR Series) Circular No.10
July 11, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowings (ECB) Policy –Refinancing / Rescheduling of ECB
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 112 dated April 20, 2012relating to ECB.
2. On a review, it has been decided that the instructions contained in the above mentioned circular will continue to be applicable till Sept...
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Trade Credits for Imports into India
Posted Date : 11-Jul-2013 , 08:26:53 pm | Posted By: Vinay Sharma
RBI/2013-14/132A.P. (DIR Series) Circular No.9
July 11, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Trade Credits for Imports into India – Review of all-in-cost ceiling
Attention of Category-I Authorized Dealer banks is invited to theA.P. (DIR Series) Circular No. 98 dated April 09, 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 under paragraph 4 ofA.P. (DIR S...
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RBI |
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Assignment of Lead Bank Responsibility in districts of Metropolitan Areas
Posted Date : 11-Jul-2013 , 08:26:34 pm | Posted By: Vinay Sharma
RBI/2013-14/130 RPCD.CO.LBS.BC.No.12/02.08.001/2013-14
July 11, 2013
The Chairmen & Managing Directors
All Lead Banks
Dear Sir/Madam,
Assignment of Lead Bank Responsibility in districts of Metropolitan Areas
Please refer toparagraph 70of Monetary Policy Statement 2013-14, in terms of which it was decided to bring all districts in metropolitan areas under the fold of the lead bank scheme.
2. Accordingly, it has been decided to assign the lead bank responsibility in districts of Metropo...
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RBI |
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Central Govt. announces Rules for regulating the refund of court fee in Debts Recovery Tribunal
Posted Date : 11-Jul-2013 , 08:25:40 pm | Posted By: Vinay Sharma
DEBTS RECOVERY TRIBUNAL (REFUND OF COURT FEE) RULES, 2013
NOTIFICATION NO. GSR 311(E)[F.NO.3/2/2013-DRT],DATED 15-5-2013
In exercise of the powers conferred by clause (cc) of sub-section (2) of Section 36 read with sub-section (3A) of section 19 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (51 of 1993), the Central Government hereby makes the following rules regulating the refund of court fee in the Debts Recovery Tribunals (hereinafter called the Tribunal) namely...
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Corporate Laws |
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SARFAESI Central Registry Rules to include transactions which subsisted before setting-up of Central Registry
Posted Date : 11-Jul-2013 , 08:25:18 pm | Posted By: Vinay Sharma
SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST (CENTRAL REGISTRY) (AMENDMENT) RULES, 2013 - AMENDMENT IN RULES 2, 5 AND 7
NOTIFICATION NO. GSR 310(E) [F.NO.1/1/2013-RECOVERY],DATED 15-5-2013
In exercise of the powers conferred by sub-section (1) and clauses (c) to (g) of sub-section (2) of section 38 read with section 20 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), the Centr...
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Corporate Laws |
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Process of online registration under DVAT
Posted Date : 11-Jul-2013 , 06:26:13 pm | Posted By: Vinay Sharma
...
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VAT |
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Notification relating to DVAT Rules (Second amendment)
Posted Date : 11-Jul-2013 , 06:25:18 pm | Posted By: Vinay Sharma
(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY)
GOVERNMENT OFNATIONAL CAPITAL TERRITORY OF DELHIFINANCE (REVENUE-I)DEPARTMENTDELHI SACHIVALAYA, I. P. ESTATE: NEW DELHI-110002
No.F.3(4)/Fin.(Rev-I)/20 13- 14/DS-VI/5 19 Dated the 09.07.2013
NOTIFICATION
No.F.3(4)/Fin.(Rev-I)/201 3-14 .– Inexerciseof the powers conferred by section 102 of the DelhiValue Added TaxAct, 2004 (Delhi Act 3 of 2005), the Lt. Governor of the National Capital Territory of Delhi, hereby, makes the ...
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VAT |
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DVAT - Regarding file audit report in Form AR-1
Posted Date : 10-Jul-2013 , 08:32:49 pm | Posted By: Vinay Sharma
DEPARTMENT OF TRADE AND TAXES(VAT AUDIT BRANCH)12TH FLOOR, VYAPAR BHAWAN, IP ESTATE, NEW DELHI
No.VAT AUDIT/HQ/2013-14/.2601-2608 , Dated: 09.07.2013CIRCULAR
This is in continuation of circular No.VAT Audit/HQ/2013-14/2406-2413 dated 02-07-2013 vide which it was clarified that the audit of business affairs of the dealers having GTO more than Rs.10 Crore for the year 2012-13 may be conducted after 15-11-2013 i.e. after submission of audit report for the year 2012-13 in Form AR-1. Now in ...
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VAT |
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Amount received in the form of grants-in-aid from the Central Government - Gujarat State AIDS Control Society
Posted Date : 10-Jul-2013 , 08:31:29 pm | Posted By: Vinay Sharma
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
NOTIFICATION No. 52/2013
DATED 5-7-2013
In exercise of the powers conferred byclause (46) of section 10of theIncome-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Gujarat State AIDS Control Society, a body constituted by the Government of Gujarat, in respect of the following specified income arising to that Society, namely :-
"amount received in the form of grants-i...
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Income Tax |
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SEBI curtails position limits on client and trading members for currency derivatives
Posted Date : 10-Jul-2013 , 08:30:41 pm | Posted By: Vinay Sharma
REVISED POSITION LIMITS FOR EXCHANGE TRADED CURRENCY DERIVATIVES
CIRCULAR NO. MRD/DP/22/2013,DATED 8-7-2013
1.This is in partial modification of SEBI Circular No.SEBI/DNPD/Cir-38/2008 dated August 6, 2008,SEBI/DNPD/Cir-45/2009 dated March 24, 2009,DNPD/5/2010 dated July 30, 2010andDNPD/2/2012 dated May 23, 2012which,inter alia, specified the position limits applicable for Client and Trading Member for Exchange Traded Currency Derivatives.
2.In consultation with RBI and in view of the recent t...
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SEBI |
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FII investment in specified security receipts to be reckoned against the existing corporate debt limits
Posted Date : 10-Jul-2013 , 08:30:05 pm | Posted By: Vinay Sharma
FII/QFI INVESTMENTS IN SECURITY RECEIPTS
CIRCULAR NO. IMD/FIIC/9/2013,DATED 9-7-2013
1.The consolidated FDI policy circular issued by the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, effective from April 05, 2013, states that FII investments in Security Receipts issued by Asset Reconstruction Companies should be within the FII limit on corporate bonds prescribed from time to time.
2.Accordingly, the investments in Security Receipts issued by Asset Reconstr...
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SEBI |
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Banks can trade in currency futures or exchange traded currency options market only on behalf of their clients
Posted Date : 10-Jul-2013 , 08:29:37 pm | Posted By: Vinay Sharma
RISK MANAGEMENT AND INTER BANK DEALINGS
A.P. (DIR SERIES 2013-14) CIRCULAR NO. 7,DATED 8-7-2013
Attention of Authorized Dealers Category - I (AD Category - I) banks is invited to theA.P.(DIR Series) Circular No.129 dated May 21, 2012regarding participation in Currency Futures/Exchange Traded Currency Options markets.
2.On a review of the evolving market conditions, it has been decided that AD Category - I banks should not carry out any proprietary trading in the currency futures/exchange trad...
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FEMA |
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Modification of ECB guidelines for NBFCs
Posted Date : 10-Jul-2013 , 08:28:56 pm | Posted By: Vinay Sharma
EXTERNAL COMMERCIAL BORROWINGS (ECB) POLICY - NON-BANKING FINANCE COMPANY - ASSET FINANCE COMPANIES (NBFC - AFCS)
A.P. (DIR SERIES 2013-14) CIRCULAR NO. 6,DATED 8-7-2013
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 5 dated August 1, 2005andA.P. (DIR Series) Circular No. 69 dated January 7, 2013relating to External Commercial Borrowings (ECB).
2.As per the extant guidelines, non-banking financial companies (NBFCs) are allowed to av...
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Corporate Laws |
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Amends notification of 12/2012 -Customs Dated 17.03.2012
Posted Date : 09-Jul-2013 , 11:13:52 pm | Posted By: Vinay Sharma
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 34 /2013 - Customs
New Delhi, the 8thJuly, 2013
G.S.R. (E).-In exercise of the powers conferred bysub-section (1) of section 25of theCustoms Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in thenotif...
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Custom |
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Direct Benefit Transfer (DBT) Scheme
Posted Date : 09-Jul-2013 , 11:12:48 pm | Posted By: Vinay Sharma
RBI/2013-14/129RPCD.CO. LBS.BC.No.11/02.01.001/2013-14
July 9, 2013
To
CMDs of all SLBC Convenor banks and Lead banks
Dear Sir,
Direct Benefit Transfer (DBT) Scheme
A workshop on DBT Scheme was recently held in Mysore which wasinteraliaattended by Chairman, Unique Identification Authority of India (UIDAI), Finance Secretaries of select States, Top Management of Reserve Bank of India and bankers from the State of Karnataka. While reviewing the progress of seeding of Aadhaar number in bank a...
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RBI |
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Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT)
Posted Date : 09-Jul-2013 , 11:12:30 pm | Posted By: Vinay Sharma
RBI/2013-2014/128UBD.BPD(AD).Cir.No.1/14.01.062/2013-14
July 9, 2013
The Chief Executive OfficerAll AD Category I Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) –Standards – Primary (Urban) Co-operative Banks
Please refer to ourcircular UBD.BPD (AD)Cir.No.3/14.01.062/2012-13 dated April 4, 2013on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financial Action Task Force...
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RBI |
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CBDT following HC
Posted Date : 09-Jul-2013 , 07:11:58 pm | Posted By: Vinay Sharma
SECTION 139, READ WITH SECTION 199 OF THE INCOME-TAX ACT, 1961 - RETURN OF INCOME - CREDIT OF TDS U/S 199 TO AN ASSESSEE WHEN THE TAX DEDUCTED HAS BEEN DEPOSITED WITH REVENUE BY DEDUCTOR - DIRECTION OF HON'BLE DELHI HC IN THE CASE 'COURT ON ITS OWN MOTION VS. UNION OF INDIA &ORS. IN WP(C) 2659/2012 & WP(C) 5443/2012'
INSTRUCTION NO. 5/2013 [F.NO.275/03/2013-IT(B)],DATED 8-7-2013
1.The CBDT issues instructions with respect to processing of Income-tax returns and giving credit for TDS...
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Income Tax |
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Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR
Posted Date : 08-Jul-2013 , 08:55:52 pm | Posted By: Vinay Sharma
RBI/2012-13/125A.P. (DIR Series) Circular No.5
July 8, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985between Government of India and erstwhile USSR
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No.03 dated July 04, 2013, wherein the Rupee value of the Special Currency Basket was indicated as Rs.78.374512 effective from June 13, 2013.
2. AD Category...
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RBI |
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External Commercial Borrowings (ECB) Policy - Non-Banking Finance Company
Posted Date : 08-Jul-2013 , 08:55:25 pm | Posted By: Vinay Sharma
RBI/2013-14/126A.P. (DIR Series) Circular No. 6
July 8, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowings (ECB) Policy - Non-Banking Finance Company –Asset Finance Companies (NBFC - AFCs)
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 5 dated August 1, 2005andA.P. (DIR Series) Circular No. 69 dated January 7, 2013relating to External Commercial Borrowings (ECB).
2. As per the ext...
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RBI |
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Exim Bank\'s Line of Credit of USD 10 million to the Government of Seychelles
Posted Date : 08-Jul-2013 , 08:55:02 pm | Posted By: Vinay Sharma
RBI/2013-14/124A.P. (DIR Series) Circular No. 4
July 8, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Exim Bank's Line of Credit of USD 10 millionto the Government of Seychelles
Export-Import Bank of India (Exim Bank) has concluded an Agreement dated December 18, 2012 with the Government of Seychelles, for making available to the latter, a Line of Credit (LOC) of USD 10 million (USD Ten million) for financing eligible goods, services, machinery and equipment including cons...
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RBI |
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Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
Posted Date : 08-Jul-2013 , 08:54:31 pm | Posted By: Vinay Sharma
RBI/2013-14/123RPCD.RRB.RCB.AML.No. 342/07.51.018/2013-14
July 05, 2013
The Chairmen / CEOs of all Regional Rural Banks /State and Central Co-operative Banks
Dear Sir,
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
Please refer to our letterRPCD.CO.RRB.RCB.AML.No.9753/07.51.018/ 2012-13 dated March 15, 2013on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financial Action Task Force (FATF) has updated its Statement on t...
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RBI |
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22 Banks authorized for payment of VAT
Posted Date : 08-Jul-2013 , 08:53:42 pm | Posted By: Vinay Sharma
...
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VAT |
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Regarding last date for submission of information online in Form DP-1
Posted Date : 08-Jul-2013 , 08:51:40 pm | Posted By: Vinay Sharma
...
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VAT |
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Double Taxation Agreement - Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Bangladesh- Amendment in Notification No. GSR 758(E), Dated 8-9-1992
Posted Date : 08-Jul-2013 , 08:50:02 pm | Posted By: Vinay Sharma
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
( DEPARTMENT OF REVENUE )
NOTIFICATION No. 50/2013
DATED 04/07/2013
Whereas the annexed Protocol amending the Convention between the Government of the Republic of India and the Government of the People's Republic of Bangladesh for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income (hereinafter referred to as "Protocol") signed on the 16th day of February, 2013, shall enter into force on the 13th da...
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Income Tax |
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Himachal Pradesh Electricity Regulatory Commission
Posted Date : 08-Jul-2013 , 08:49:32 pm | Posted By: Vinay Sharma
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
( DEPARTMENT OF REVENUE )
NOTIFICATION No. 49/2013
DATED 3-7-2013
In exercise of the powers conferred byclause (46) of section 10of theIncome-tax Act, 1961 (43 of 1961)the Central Government hereby notifies for the purposes of the said clause, the Himachal Pradesh Electricity Regulatory Commission, a Commission established by the Central Government of Himachal Pradesh, in respect of the following specified income arising to that Commission, namely:-
...
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Income Tax |
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Odisha Electricity Regulatory Commission
Posted Date : 08-Jul-2013 , 08:49:18 pm | Posted By: Vinay Sharma
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
( DEPARTMENT OF REVENUE )
NOTIFICATION No. 48/2013
DATED 3-7-2013
In exercise of the powers conferred byclause (46) of section 10of theIncome-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Odisha Electricity Regulatory Commission, a Commission established by the Government of Odisha, in respect of the following specified income arising to that Commission, namely :-
(a) amount received in th...
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Income Tax |
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Rules prescribing conditions for notifying a recognized association for dealing in commodity derivates
Posted Date : 07-Jul-2013 , 02:04:13 pm | Posted By: Vinay Sharma
INCOME-TAX (NINTH AMENDMENT) RULES, 2013 - INSERTION OF RULES 6DDC, 6DDD AND FORM NO. 3BC
NOTIFICATION NO.51/2013 [F.NO.142/14/2013-TPL]/SO 2017(E),DATED 4-7-2013
In exercise of the powers conferred by clause (e) of the proviso to clause (5) of section 43 read with 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 (9th Amen...
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Income Tax |
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SEs with nation-wide terminals to set-up additional investor service centers for investors\' convenience
Posted Date : 07-Jul-2013 , 02:02:27 pm | Posted By: Vinay Sharma
ARBITRATION MECHANISM IN STOCK EXCHANGES - INVESTOR SERVICE CENTRES
CIRCULAR NO. MRD/ICC/21/2013,DATED 5-7-2013
1.Reference may be made to circulars no. MRD/DSA/24/2010 dated August 31, 2010,MRD/SA/03/2012 dated January 20, 2012andMIRSD/2/2012 dated February 15, 2012regarding investor service centres providinginter aliaarbitration facility (arbitration as well as appellate arbitration). Presently, these facilities are being provided at 8 centres viz. Delhi, Mumbai, Kolkata, Chennai, Ahmedabad,...
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SEBI |
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