Scheme for buy back or pre-payment of FCCBs under an approval route to continue till 31-12-2013
Posted Date : 26-Jun-2013 , 09:21:55 pm | Posted By: Vinay Sharma
BUYBACK/PREPAYMENT OF FOREIGN CURRENCY CONVERTIBLE BONDS (FCCBs)
A.P. (DIR SERIES 2012-13) CIRCULAR NO. 115,DATED 25-6-2013
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 39 dated December 08, 2008,A.P. (DIR Series) Circular No. 75 dated June 30, 2011andA.P. (DIR Series) Circular No. 1 dated July 05, 2012on the captioned subject.
2.Considering the developments in the global financial markets and on a review of the aforesaid scheme, ...
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SEBI Buy back regulations - Min cap for buy back raised to 50%; max buy-back period reduced to 6 months
Posted Date : 26-Jun-2013 , 09:21:15 pm | Posted By: Vinay Sharma
SEBI BOARD MEETING - AMENDMENTS TO SEBI (BUY-BACK OF SECURITIES) REGULATIONS, 1998 GOVERNING BUY-BACK THROUGH OPEN MARKET PURCHASE; ENABLING LISTING OF START-UPs AND SMEs ON INSTITUTIONAL TRADING PLATFORM (ITP) WITHOUT HAVING TO MAKE AN IPO; COMMITTEE ON RATIONALIZATION OF INVESTMENT ROUTES AND MONITORING OF FOREIGN PORTFOLIO INVESTMENTS, ETC. ETC.
PRESS RELEASE NO. 60/2013,DATED 25-6-2013
The SEBI Board met in Mumbai today and took the following main decisions:
Amendments to SEBI (Buy-Back...
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Revised Remuneration Payable to the Statutory Central & Branch Auditors of Public Sector Banks from the year 2012-13
Posted Date : 26-Jun-2013 , 07:58:21 am | Posted By: CASANSAAR
Please refer to the instruction contained in our circularDBS.ARS.No.BC. 08/08.92.001/2006-07 dated June 06, 2007,DBS.ARS.No.BC. 03/08.92.001/2007-08 dated July 25, 2007,DBS.ARS.No.BC. 07/08.92.001/2007-08 dated December 20, 2007 andDBS.ARS.No.BC. 09/08.92.001/2009-10 dated December 31, 2009 on the captioned subject. it has been decided to revise the remuneration payable to the statutory central and branch auditors of public sector banks from the year 2012-13.
Attached Letter of RBI.
...
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Amendment in the notification No. 36/2001-Customs (N.T.) dated the 3rd August , 2001
Posted Date : 25-Jun-2013 , 10:56:42 pm | Posted By: Vinay Sharma
[TO BE PUBLISHED IN PART –II, SECTION -3, SUB-SECTION (II)]
THE GAZETTE OF INDIA, EXTRAORDINERY
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF EXCISE AND CUSOTMS)
Notification No. 67/2013-Customs (N.T.)
New Delhi, 25thJune, 2013
4 Ashadha, 1935 (SAKA)
S.O…(E)- In exercise of the powers conferred bySub –section (2) of section 14of theCustoms Act, 1962 (52 of 1962), the Central Government , being satisfied that it is necessary and expe...
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Standardizing the process of filing application under section 10(46) of the Income Tax Act, 1961.
Posted Date : 25-Jun-2013 , 10:55:30 pm | Posted By: Vinay Sharma
...
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Income Tax |
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External Commercial Borrowings (ECB) in Renminbi (RMB)
Posted Date : 25-Jun-2013 , 10:53:42 pm | Posted By: Vinay Sharma
RBI/2012-13/546A.P. (DIR Series) Circular No. 117
June 25, 2013
To,
All Authorized Dealer Category - I Banks
Madam / Sir
External Commercial Borrowings (ECB) in Renminbi (RMB)
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 30 dated September 27, 2011on the captioned subject in terms of which Indian companies in the infrastructure sector are allowed to avail of ECB in Renminbi (RMB) under approval route subject to an annual cap of...
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RBI |
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External Commercial Borrowings (ECB) for Civil Aviation Sector
Posted Date : 25-Jun-2013 , 10:53:22 pm | Posted By: Vinay Sharma
RBI/2012-13/545A.P. (DIR Series) Circular No. 116
June 25, 2013
To,
All Authorized Dealer Category - I Banks
Madam / Sir
External Commercial Borrowings (ECB) for Civil Aviation Sector
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to theA.P. (DIR Series) Circular No. 113 dated April 24, 2012on the captioned subject.
2. In terms of paragraph 2 (iii) of the aforesaid circular, the ECB for working capital for civil aviation sector should be raised within twelve (1...
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RBI |
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Buyback / prepayment of Foreign Currency Convertible Bonds (FCCBs)
Posted Date : 25-Jun-2013 , 10:52:57 pm | Posted By: Vinay Sharma
RBI/2012-13/544A.P. (DIR Series) Circular No. 115
June 25, 2013
To,
All Authorized Dealer Category - I Banks
Madam / Sir
Buyback / prepayment of Foreign Currency Convertible Bonds (FCCBs)
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 39 dated December 08, 2008,A.P. (DIR Series) Circular No. 75 dated June 30, 2011andA.P. (DIR Series) Circular No. 1 dated July 05, 2012on the captioned subject.
2. Considering the developments in t...
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RBI |
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External Commercial Borrowings (ECB) Policy for 3G spectrum allocation
Posted Date : 25-Jun-2013 , 10:52:36 pm | Posted By: Vinay Sharma
RBI/2012-13/543A.P. (DIR Series) Circular No. 114
June 25, 2013
To,
All Authorized Dealer Category - I Banks
Madam / Sir
External Commercial Borrowings (ECB) Policy for 3G spectrum allocation
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 28 dated January 25, 2010relating to External Commercial Borrowings (ECB) for spectrum allocation.
2. As per the extant policy, the payment for spectrum allocation may initially be met out of t...
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RBI |
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RRBs - Lending against Gold
Posted Date : 25-Jun-2013 , 10:52:05 pm | Posted By: Vinay Sharma
RBI/2012-13/541RPCD. RRB. BC. No. 79/03.05.33/2012-13
June 25, 2013
All Regional Rural Banks
Dear Sir/Madam
Lending against Gold
Please refer toparagraph 98of the Monetary Policy Statement 2013-14 announced on May 3, 2013 on lending against gold, proposing to restrict the facility of advances against the security of gold coins per customer to gold coins weighing up to 50 gms.
2. As per extant instructions contained in our circular DBOD.Leg.BC.95/C.124 (P) - 78 dated July 22, 1978, RRBs sho...
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Acknowledgement by RRBs at the time of submission of Form 15-G / 15-H
Posted Date : 25-Jun-2013 , 10:51:35 pm | Posted By: Vinay Sharma
RBI/2012-13/542RPCD.CO.RRB.BC.No. 78/03.05.33/2012-13
June 24, 2013
All Regional Rural Banks
Dear Sir/Madam,
Acknowledgement by RRBs at the time of submission of Form 15-G / 15-H
As you are aware RRBs are not required to deduct TDS from depositors who submit declaration in Form 15-G/15-H under Income Tax Rules, 1962. However, it has been brought to our notice that despite submission of Form 15-G/15-H by customers, RRBs are deducting tax at source, at times, causing inconvenience to customer...
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Amends Notification No. 96/2008-Customs, dated the 13th August, 2008
Posted Date : 24-Jun-2013 , 09:48:22 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. 33/2013-Customs
Dated: June 19, 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, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in thenotification of the...
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Custom |
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Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions
Posted Date : 24-Jun-2013 , 09:46:05 pm | Posted By: Vinay Sharma
RBI/2012-13/540 DPSS (CO) PD No.2377/02.14.003/2012-13
June 24, 2013
The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/ Authorised Card Payment Networks
Madam / Dear Sir,
Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions
A reference is invited to our circular dated September 22, 2011 on security issues ...
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RBI |
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External Commercial Borrowings (ECB) for the low cost affordable housing projects
Posted Date : 24-Jun-2013 , 09:45:10 pm | Posted By: Vinay Sharma
RBI/2012-13/539A.P. (DIR Series) Circular No. 113
June 24, 2013
ToAll Authorised Dealer Category –I Banks
Madam / Sir
External Commercial Borrowings (ECB) for the low cost affordable housing projects
Attention of Authorized Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No. 61 dated December 17, 2012on the captioned subject in terms of which ECB for low cost affordable housing projects is allowed as a permissible end-use under the approval route.
...
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RBI |
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IRDA issues clarification on Linked and Non-Linked Insurance Product Regulations
Posted Date : 22-Jun-2013 , 05:23:31 pm | Posted By: Vinay Sharma
CLARIFICATIONS ON IRDA (NON-LINKED INSURANCE PRODUCTS) REGULATIONS, 2013 AND IRDA (LINKED INSURANCE PRODUCTS) REGULATIONS, 2013
CIRCULAR NO. IRDA/ACT/CIR/PRD/119/06/2013-14,DATED 20-6-2013
In response to the representations received from the industry and after detailed examination of such representations, the Authority, in accordance with the powers vested in section 14 (2) of the IRDA Act, 1999, Regulations 49 and 51 of IRDA (Non-linked Insurance Products) Regulations, 2013 and Regulations 68...
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Corporate Laws |
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Online Sub Mission of D - VAT 04
Posted Date : 22-Jun-2013 , 10:53:57 am | Posted By: Vinay Sharma
...
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VAT |
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New sub-sector CRE (Residential Housing) within CRE and Rationalisation of provisioning, risk-weight and LTV ratios
Posted Date : 21-Jun-2013 , 10:20:31 pm | Posted By: Vinay Sharma
RBI/2012-13/538 DBOD.BP.BC.No. 104/08.12.015/2012-13
June 21, 2013
All Scheduled Commercial Banks
(excluding RRBs)
Dear Sir,
Housing Sector: New sub-sector CRE (Residential Housing) within CRE & Rationalisation of provisioning, risk-weight and LTV ratios
Please refer to paragraph 82 of the Monetary Policy Statement 2013-14 (extract enclosed) on ‘Commercial Real Estate - Residential Housing: Prudential Norms’, announced on May 3, 2013, wherein it was stated that a separate s...
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RBI |
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Subscription period of mutual fund schemes eligible under Rajiv Gandhi Equity Savings Schemes not to exceed 30 days
Posted Date : 21-Jun-2013 , 10:19:16 pm | Posted By: Vinay Sharma
SEBI (MUTUAL FUNDS) (SECOND AMENDMENT) REGULATIONS, 2013 - AMENDMENT IN REGULATIONS 34, 35 AND 36
NOTIFICATION NO. LAD-NRO/GN/12/6108,DATED 19-6-2013
In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to amend the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, namely:-
1.These regulations may be called the Securities and Exchange Board of India (Mu...
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Amends notification No. 92/2012- Customs (N.T.), dated the 4th October, 2012
Posted Date : 21-Jun-2013 , 04:19:35 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. 64 / 2013 - CUSTOMS (N.T.)
New Delhi, dated the 20thJune, 2013
G.S.R. 390 (E). –In exercise of the powers conferred bysub - section (2) of section 75of theCustoms Act, 1962 (52 of 1962),sub - section (2) of section 37of theCentral Excise Act, 1944 (1 of 1944), andsection 93Aread withsub - section (2) of section ...
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Custom |
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Rate of exchange of conversion of each of the foreign currency with effect from June 21, 2013
Posted Date : 20-Jun-2013 , 09:55:51 pm | Posted By: Vinay Sharma
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS
NOTIFICATION NO. 63/2013-CUSTOMS (N.T.)
DATED THE 20thJune, 2013
30 Jyaistha, 1935(SAKA)
S.O. (E). –In exercise of the powers conferred bysection 14of theCustoms Act, 1962 (52 of 1962), and in super session of thenotification of the Government of India in the Ministry of Finance (Department o...
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Custom |
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Commodities Transaction Tax Rules, 2013
Posted Date : 20-Jun-2013 , 07:15:56 pm | Posted By: CASANSAAR
In exercise of the powers conferred by sub-sections (1) and (2) of section 133 of the Finance Act, 2013 (17 of 2013), the Central Government hereby makes the following rules relating to commodities transaction tax, namely:-
Short title and commencement.
1.(1) These rules may be called the Commodities Transaction Tax Rules, 2013.
(2) They shall come into force on the 1st day of July, 2013.
Definitions.
2.(1) In these rules, unless the context otherwise requires,-
(a)
"Act" means ...
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Income Tax |
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Commodities Transaction Tax - Notified Date for Enforcement
Posted Date : 20-Jun-2013 , 07:12:12 pm | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
New Delhi, the 19 June, 2013
NOTIFICATION
S.O. 1768 (E).- In exercise of the powers conferred by sub-section(2) of section 115 of the Finance Act, 2013 (17 of 2013), theCentral Government hereby appoints the 1st day of July, 2013 asthe date on which Chapter VII of the said Act shall come intoforce.
[Notification No. 45/2013: F.No. 142/09/2013-TPL]
(Gaurav Kanaujia)
Director to the Government of India...
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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 : 20-Jun-2013 , 07:05:44 pm | Posted By: CASANSAAR
RBI/2012-13/537A.P. (DIR Series) Circular No. 112
June 20, 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.95 dated April 4, 2013, wherein the Rupee value of the special currency basket was indicated as Rs.73.141761 effective from March 18, 2013.
2. AD Cat...
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FEMA |
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Risk Weights on deposits placed with NABARD/SIDBI/NHB in lieu of shortfall in achievement of priority sector lending targets/sub-targets
Posted Date : 20-Jun-2013 , 07:05:00 pm | Posted By: CASANSAAR
RBI/2012-13/536DBOD.BP.BC. No.103/21.06.001/2012-13
June 20, 2013
The Chairman and Managing Director/Chief Executive Officer ofAll Commercial Banks(excluding LABs and RRBs)
Dear Sir
Risk Weights on deposits placed with NABARD/SIDBI/NHB in lieu ofshortfall in achievement of priority sector lending targets/sub-targets
It has been observed that there is a lack of uniformity among banks in application of risk weights on claims on deposits placed with NABARD/SIDBI/NHB, in lieu of shortfall in ac...
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Category :
RBI |
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Amendment in Para 2.38 of Foreign Trade Policy, 2009-2014
Posted Date : 19-Jun-2013 , 09:28:29 pm | Posted By: Vinay Sharma
TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART II
SECTION 3, SUB SECTION (II)
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
Notification No. 24 (RE-2013)/2009-2014
New Delhi, Dated the 19thJune, 2013
Subject: Amendment in Para 2.38 of Foreign Trade Policy, 2009-2014.
S.O. (E): In exercise of powers conferred underSection 5of theForeign Trade (Development and Regulation) Act, 1992read withparagraph 2.1of theForeign Trade Policy, 2009-2014, as ame...
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DGFT |
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Safeguard investigation concerning imports of Hot Rolled Flat products of Stainless Steel of 304 grade into India from China PR-Final findings-Reg.
Posted Date : 19-Jun-2013 , 11:35:00 am | Posted By: Vinay Sharma
MINISTRY OF FINANCE
(Department of Revenue)
DIRECTORATE GENERAL OF SAFEGUARDS
CUSTOMS AND CENTRAL EXCISE
CORRIGENDUM
New Delhi, the 30thMay, 2013
Subject : Safeguard investigation concerning imports of Hot Rolled Flat products of Stainless Steel of 304 grade into India from China PR-Final findings-Reg.
G.S.R. 346(E).—The product under consideration has been duly discussed in para 31 of the Final Findings and therefore the following substitution in the Final Findings of the Safeguard...
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Custom |
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Prudential Norms for Off-balance Sheet Exposures of Banks
Posted Date : 18-Jun-2013 , 09:48:25 pm | Posted By: Vinay Sharma
RBI/2012-13/535DBOD.No.BP.BC.102/21.04.157/2012-13
June 18, 2013
The Chairman and Managing Directors/ Chief Executive Officers ofAll Scheduled Commercial Banks (excluding RRBs and LABs) &All India Term-Lending & Refinancing Institutions
Madam / Sir,
Prudential Norms for Off-balance Sheet Exposures of Banks – Deferment of Option Premium
Banks are permitted to defer, at their discretion, the premium on plain vanilla options sold by them to users subject to certain conditions wit...
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RBI |
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CORRIGENDUM - 24x7 Customs Operation at Major Ports and Airports
Posted Date : 18-Jun-2013 , 09:47:55 pm | Posted By: Vinay Sharma
CORRIGENDUM - 2
F. No. 450/25/2009 - Cus IV
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
******
New Delhi, Dated 14thJune 2013
To,
All Chief Commissioner of Customs
All Chief Commissioner of Customs (Preventive)
All Chief Commissioner of Customs and Central Excise
All Commissioners of Customs / Customs (Preventive)
All Commissioners of Customs & Central Excise.
Subject : - 24x7 Customs Operation at Major Ports and Airports &n...
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Category :
Custom |
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Amendment in Notification No 39(RE-2012)/2009-14 dated 25th March, 2013 relating to export of edible oils.
Posted Date : 18-Jun-2013 , 09:47:13 pm | Posted By: Vinay Sharma
(To be Published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section (ii))
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan
Notification No 22 (RE – 2013)/2009-2014
New Delhi, Dated : 18 June, 2013
Subject: Amendment in Notification No 39(RE-2012)/2009-14 dated 25th March, 2013 relating to export of edible oils.
S.O.(E) In exercise of the powers conferred bySection 5of theForeign Trade (Development & Regulation) Act...
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DGFT |
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Prohibition on import of milk and milk products from China.
Posted Date : 18-Jun-2013 , 09:46:39 pm | Posted By: Vinay Sharma
To be Published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section (ii)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan
Notification No. 23 (RE – 2013)/2009-2014
New Delhi, Dated the 18thJune, 2013
Subject: - Prohibition on import of milk and milk products from China.
S.O. (E): In exercise of powers conferred underSection 5of theForeign Trade (Development and Regulation) Act, 1992read withparagraph 2.1of theForeign Tr...
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Category :
DGFT |
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