In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of Section 138 of the Income Tax Act, 1961
Posted Date : 19-Mar-2013 , 08:11:47 pm | Posted By: Vinay Sharma
MINISTRY OF FINANCE
(Department of Revenue)
(Central Board of Direct Taxes)
NOTIFICATION NO. 19/2013
Income Tax
Dated 12/03/2013
In pursuance ofsub-clause (ii) of clause (a) of sub-section (1) of Section 138of theIncome Tax Act, 1961, the Central Government hereby specifies Director, Financial Intelligence Unit India (FIU-IND), Ministry of Finance for the purpose of the said sub-clause.
[F.No.225/38/2013-ITA.II]
(Richa Rastogi)
Under Secretary to the Government of India
...
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Lead Bank scheme - Strengthening of Management Information System (MIS)
Posted Date : 19-Mar-2013 , 08:06:39 pm | Posted By: Vinay Sharma
RBI/2012-13/450RPCD. CO.LBS. BC. No. 68/02.01.001/2012-13
March 19, 2013
The Chairmen and Managing DirectorsSLBC Convenor banks/ Lead Banks
Dear Sir,
Lead Bank scheme - Strengthening of Management Information System (MIS)
As you are aware that priority sector guidelines are being revised from time to time, the last major revision done in the year 2012. However, Annual Credit Plans of States and Districts continue to be prepared based on the old sub sector classification of Agriculture, SS...
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RBI |
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PRODUCT LABELING IN MUTUAL FUNDS
Posted Date : 19-Mar-2013 , 06:09:13 pm | Posted By: Vinay Sharma
CIRCULAR NO. IMD/DF/5/2013,DATED 18-3-2013
1.In order to address the issue of mis-selling, a Committee was set up to examine the system of Product Labeling that would provide investors an easy understanding of the kind of product/scheme they are investing in and its suitability to them. Based on the recommendations of the Committee, it has been decided that all the mutual funds shall 'Label' their schemes on the parameters as mentioned under:
a.
Nature of scheme such as to create ...
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SEBI |
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Standing Liquidity Facilities for Banks and Primary Dealers
Posted Date : 19-Mar-2013 , 06:01:14 pm | Posted By: Vinay Sharma
RBI/2012-13/446MPD.BC.362/07.01.279/2012-13
Phalguna 28, 1934 (S)March 19, 2013
To
All Scheduled Banks [excluding Regional Rural Banks(RRBs) ]and Primary Dealers
Dear Sir/Madam,
Standing Liquidity Facilities forBanks and Primary Dealers
Please refer to theMid Quarter Monetary Policy Review: March 2013 dated March 19, 2013,in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25 basis points from 7.75 per cent to 7.50 per cent with immediate eff...
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Liquidity Adjustment Facility and Marginal Standing Facility
Posted Date : 19-Mar-2013 , 06:00:52 pm | Posted By: Vinay Sharma
RBI/2012-2013/448FMD.MOAG No. 77 /01.01.001/2012-13
March 19, 2013
All Scheduled Commercial Banks (excluding RRBs)and Primary Dealers
Madam / Sir,
Liquidity Adjustment Facility and Marginal Standing Facility
Please refer to Reserve Bankcirculars IDMD.OMO No.08/03.75.00/2004-05 dated October 27, 2004,FMD.MAOG.No.13/01.01.001/2006-07 dated March 30, 2007andFMD.No.59/01.18.001/2010-11 dated May 9, 2011.
2. As you may be aware, the margin requirements under the Liquidity Adjustment Facility ...
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Liquidity Adjustment Facility
Posted Date : 19-Mar-2013 , 06:00:26 pm | Posted By: Vinay Sharma
RBI/2012-2013/447FMD.MOAG. No. 76 /01.01.01/2012-13
March 19, 2013
All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers
Madam / Sir,
Liquidity Adjustment Facility – Repo and Reverse Repoand Marginal Standing Facility Rates
As announced today in theMid-Quarter Review of the Monetary Policy 2012-13, it has been decided to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 7.75 per cent to7.50 per centwith immediate effect.
2. Con...
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RBI |
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Prudential norms on Advances to Infrastructure Sector
Posted Date : 18-Mar-2013 , 09:31:12 pm | Posted By: Vinay Sharma
RBI/2012-13/445DBOD.BP.BC.No. 83/08.12.014/2012-13
March 18, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Prudential norms on Advances to Infrastructure Sector
In terms of ourcircular DBOD.No.BP.BC.125/21.04.048/2008-09 dated April 17, 2009on ‘Prudential Norms on Unsecured Advances’ rights, licenses, authorization, etc., charged to the banks as collateral in respect of projects (including infrastructure projects) should not be reckoned as tangible security. Howe...
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Standardization and Enhancement of Security Features in Cheque Forms/Migrating to CTS 2010 standards
Posted Date : 18-Mar-2013 , 07:06:32 pm | Posted By: Vinay Sharma
RBI/2012-13/444DPSS.CO.CHD.No. 1622/04.07.05/2012-13
March 18, 2013
The Chairman and Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks/Local Area Banks
Madam / Dear Sir
Standardization and Enhancement of Security Features in Cheque Forms/Migrating to CTS 2010 standards
A reference is invited to ourcircular DPSS.CO.CHD.No. 955/04.07.05/2012-13 dated December 14, 20...
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Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
Posted Date : 18-Mar-2013 , 05:47:59 pm | Posted By: Vinay Sharma
RBI/2012-13/443RPCD.RRB.RCB.AML.No. 9753/07.51.018/2012-13
March 15, 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. 6163/07.51.018/2012-13 dated December 17, 2012on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financial Action Task Force (FATF) has updated its Statement...
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SEBI |
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Amends Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001
Posted Date : 16-Mar-2013 , 11:41:06 am | 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 Finance
(Department of Revenue)
(Central Board of Excise and Customs)
Notification No. 30/2013 – Customs (N. T.)
New Delhi, 15th of March, 2013
24 Phalguna, 1934 (SAKA)
S.O. … (E).–In exercise of the powers conferred bysub-section (2) of section 14of theCustoms Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied t...
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Clarification regarding TED Refund where TED exemption is available.
Posted Date : 16-Mar-2013 , 11:39:19 am | Posted By: Vinay Sharma
Government of India
Ministry of Commerce and Industry
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi
Policy Circular No. 16 (RE-2012/2009-14)
Dated: 15thMarch, 2013
To,
All Regional Authorities
All Development Commissioners, SEZ.
Subject : Clarification regarding TED Refund where TED exemption is available.
It has come to the notice of this Directorate that some RAs of DGFT and the Offices of Development Commissioners of SEZ are providing refund of TED even in those c...
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DGFT |
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Sharing of information regarding issuer companies between Debenture Trustees and Credit Rating Agencies
Posted Date : 15-Mar-2013 , 09:56:13 pm | Posted By: Vinay Sharma
SHARING OF INFORMATION REGARDING ISSUER COMPANIES BETWEEN DEBENTURE TRUSTEES AND CREDIT RATING AGENCIES
CIRCULAR NO. MIRSD/3/2013,DATED 15-3-2013
1.SEBI (Debenture Trustee) Regulations, 1993 require the Debenture Trustees (DTs) to share information regarding the issuer companies that are their clients, with Credit Rating Agencies (CRAs). The purpose of the Regulations is to enable CRAs to perform their obligations effectively.
2.DTs have also expressed the need to receive relevant informati...
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SEBI |
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COMPANIES DIRECTORS IDENTIFICATION NUMBER (AMENDMENT) RULES, 2013 - INSERTION OF RULE 8
Posted Date : 15-Mar-2013 , 09:52:41 pm | Posted By: Vinay Sharma
NOTIFICATION [F. NO. 5/80/2012-CL.V],DATED 15-3-2013
In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of sections 642 read with section 266A, 266B, 266D and 266E of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules further to amend the Companies (Directors Identification Number) Rules, 2006 namely: -
1. Short title and commencement
(1)
These rules may be called the Companies Directors Identification Number (Ame...
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Corporate Laws |
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Discontinuation of CFMS
Posted Date : 15-Mar-2013 , 09:51:01 pm | Posted By: Vinay Sharma
RBI/2012-13/442DPSS (CO) No. 1594/04.08.002/2012-13
March 15, 2013
The Chariman / Managing Director /Chief Executive Officer
All CFMS Member Banks
Madam / Sir,
Discontinuation of CFMS
As you are aware, funds transfer through Centralised Funds Management System (CFMS) has been discontinued with effect from January 1, 2013. The access to CFMS information and data would be available up to March 31, 2013 to the member banks.
The facility of CFMS Helpdesk services and access to CFMS informat...
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RBI |
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Amendments to the list of specified goods (SCOMET) that was notified vide Notification No.38 RE-2010) /2009-2014 dated 31st March, 2011
Posted Date : 14-Mar-2013 , 11:16:49 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 COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
NOTIFICATION No. 37 (RE-2012) /2009-2014
DATED: 14thMARCH, 2013
S.O. (E)-In exercise of powers conferred bySection 5andSection 14 Aof theForeign Trade (Development & Regulation) Act, 1992 {FT(D&R) Act,1992}as amended in 2010, the Central Government hereby makes amendments to the list of specified ...
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DGFT |
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Collection of Information on Customer Grievances
Posted Date : 14-Mar-2013 , 11:14:11 pm | Posted By: Vinay Sharma
RBI/2012-13/441DPSS.CO.OSD. No.1604 /06.06.005/2012- 13
March 14, 2013
To
All entities authorised to issue pre-paid payment instruments in India.
Dear Sir,
Collection of Information on Customer Grievances
All entities authorised for issuance of prepaid payment instruments in India are advised to submit the data related to customer grievances received and resolved, on a quarterly basis, in the attached excel formats. It may please be ensured that theformatgiven is strictly adhered to whil...
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RBI |
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Scheme for Collection of Dues of (i) CBDT (ii) CBEC (iii) DM Account - Reporting and Accounting of March Transactions - Special Arrangements
Posted Date : 14-Mar-2013 , 11:13:36 pm | Posted By: Vinay Sharma
RBI/2012-13/440DGBA.GAD.No.H - 5353/42.01.029/2012-13
March 14, 2013
The Chairman & Managing Director /The Chief Executive OfficerAll Agency Banks
Dear Sir / Madam,
Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2012-13
Please refer toCircular DGBA.GAD.No.H.6160/42.01.029/2011-12 dated March 19, 20...
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To facilitate filing of ROI, all Income-tax offices shall remain open on 30th and 31st of March 2013
Posted Date : 14-Mar-2013 , 08:37:11 pm | Posted By: Vinay Sharma
SECTION 119 OF THE INCOME TAX ACT, 1961 - INCOME TAX AUTHORITIES - INSTRUCTIONS TO SUBORDINATE AUTHORITIES - ORDER FOR FACILITATING FILING OF IT RETURNS BY TAX PAYERS FOR F.Y. 2012-13 ON 30th & 31st MARCH, 2013
ORDER [F. NO. 225/45/2013/ITA.II],DATED 13-3-2013
The Financial Year 2012-13 closes on 31-3-2013. In view of holidays on 27th and 29th of March and thereafter, on 30th and 31st March, being Saturday and Sunday it is directed that all the Income-tax Offices through out India shall ...
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Income Tax |
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Clarification under Section 372A(3) of the Companies Act, 1956.
Posted Date : 14-Mar-2013 , 08:36:24 pm | Posted By: Vinay Sharma
SECTION 372A OF THE COMPANIES ACT, 1956 - INTER-CORPORATE LOANS AND INVESTMENTS - CLARIFICATION UNDER SECTION 372A(3) WHERE EFFECTIVE RATE OF RETURN ON TAX FREE BONDS IS GREATER THAN YIELD ON PREVAILING BANK RATE
GENERAL CIRCULAR NO. 6/2013[FILE NO. 5/03/2013-CL-V],DATED 14-3-2013
It is observed from the Budget 2013-14 authorizes Union Govt. to raise Rs. 50,000 crores (Tax Free Bonds). These bonds carry a lower rate of interest, currently in the range of 6.75% to 7.50% which is tax free unde...
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Corporate Laws |
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AMENDMENTS In the Sixth Schedule of the Delhi Value Added Tax Act, 2004-(Delhi Act 03 of 2005)
Posted Date : 14-Mar-2013 , 08:18:46 pm | Posted By: Vinay Sharma
AMENDMENTS In the Sixth Schedule of the Delhi Value Added Tax Act, 2004-(Delhi Act 03 of 2005), a new entry at Sl.No.30 after Sl.No.29 of Part-B of Sl.No.1 shall be inserted namely:- "(30) United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP-SSWA), New Delhi."
TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY)
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI
DEPARTMENT OF TRADE AND TAXES
VYAPAR BHAWAN, I. P. ESTATE, NEW DELHI-110002
No.F. 5(54)/...
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VAT |
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Maintenance of Collateral by FIIs for transactions in the cash and F & O segments
Posted Date : 14-Mar-2013 , 08:12:23 pm | Posted By: Vinay Sharma
RBI/2012-13/439A.P. (DIR Series) Circular No. 90
March 14, 2013
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Maintenance of Collateral by Foreign Institutional Investors (FIIs)for transactions in the cash and F & O segments
Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, notified videNotification No. FEMA...
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FEMA |
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Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives
Posted Date : 14-Mar-2013 , 08:11:52 pm | Posted By: Vinay Sharma
RBI/2012-13/438FMD.MSRG.No. 75/02.05.002/2012-13
March 13, 2013
All Category – I Authorised Dealer Banks
Madam/Sir,
Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives
Please refer to ourcircular FMD.MSRG.No.67/02.05.002/2011-12 dated March 9, 2012on the captioned subject, wherein we had advised, inter alia, that all/selective trades in OTC foreign exchange and interest rate derivatives between the Category-I Authorised Dealer Banks/market makers (banks/PD) and...
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Category :
FEMA |
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Notification regarding submission of information in Form T-2
Posted Date : 14-Mar-2013 , 05:32:46 pm | Posted By: Vinay Sharma
Notification regarding submission of information in Form T-2
Click Here to Read Full Notification...
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VAT |
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Implementation of Core Banking Solutions by UCBs
Posted Date : 13-Mar-2013 , 07:08:43 pm | Posted By: Vinay Sharma
RBI/2011-12/437UBD.BPD.(PCB). Cir.No. 42/09.18.300/2011-12
March 13, 2013
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Implementation of Core Banking Solutions (CBS) by Urban Co-operative Banks (UCBs)
The usage of Information Technology (IT) is critical for the survival and growth of banking institutions as IT usage not only helps banks to reduce their cost of operations, but also enables them to offer products and services at competitive rates t...
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RBI |
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Money Transfer Service Scheme
Posted Date : 13-Mar-2013 , 04:47:12 pm | Posted By: Vinay Sharma
RBI/2012-13/436 A.P. (DIR Series) Circular No. 89
March 12, 2013
To
All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme
Madam / Sir,
Money Transfer Service Scheme – Revised Guidelines
Attention of all Authorised Persons (APs), who are Indian Agents under the Money Transfer Service Scheme (MTSS) is invited to the Notification dated June 4, 2003 on MTSS, as amended from time to time and the specific permission accorded to them under FEMA, 1999 by the Res...
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Posted Date : 12-Mar-2013 , 09:30:11 pm | Posted By: Vinay Sharma
RBI/2012-13/435 A.P. (DIR Series) Circular No. 88
March 12, 2013
To
All Category - I Authorized Dealer Banks
Madam / Sir,
“Write-off” of unrealized export bills– Export of Goods and Services – Simplification of procedure
Attention of Authorized Dealer Category – I (AD Category –I) banks is invited toA.P. (DIR. Series) Circular No. 12,30,61,40,33and03dated September 09, 2000, April 04, 2001, December 14, 2002, December 05, 2003, February 28, 2007 and July...
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FEMA |
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Notification No. 29/2013-Customs (N.T.)
Posted Date : 12-Mar-2013 , 12:12:15 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 Finance
(Department of Revenue)
Notification No. 29/2013-Customs (N.T.)
New Delhi, the 11thMarch, 2013
S.O……..(E). – In exercise of the powers conferred by clause (a) of sub-section (1) of Section 7 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following further amendments in the notification of the Gov...
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Custom |
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Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
Posted Date : 11-Mar-2013 , 06:45:29 pm | Posted By: Vinay Sharma
RBI/2012-13/434DBOD. AML.No. 12913/14.01.001/2012-13
March 11, 2013
The Chairmen/CEOs of all Scheduled Commercial Banks(Excluding RRBs)/ Local Area Banks / All India Financial Institutions
Dear Sir,
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
Please refer to our letterDBOD. AML.No.8422/14.01.001/ 2012-13 dated December 12, 2012on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financial Action Task Force (FATF) has ...
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RBI |
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Frauds- Classification and Reporting
Posted Date : 11-Mar-2013 , 01:58:07 pm | Posted By: Vinay Sharma
RBI/2012-13/433UBD CO BPD (PCB) Cir. No.41/12.05.001/2012-13
March 08, 2013
Chief Executive Officer ofAll Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Frauds- Classification and Reporting
Please refer to ourMaster Circular UBD.CO.BPD. (PCB) MC No. 17/12.05.001/2012-13 dated July 02, 2012advising the consolidation of our updated instructions/ guidelines on the captioned subject.
2. As per para 3.5 of the above Master Circular, cases of attempted fraud, where likely loss would have...
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RBI |
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Seeks to further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) number 14/2002-Central Excise (N.T.), dated the 8th March, 2002
Posted Date : 09-Mar-2013 , 07:04:59 pm | Posted By: Vinay Sharma
[(TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i) of dated the 6thMarch, 2013]
Government of India
Ministry of Finance
Department of Revenue
Notification
New Delhi, the Dated, 6th March, 2013
No. 05/2013-Central Excise (N.T.)
G.S.R ( E ) . – In exercise of the powers conferred by sub-rule (2) of rule 3 of the Cent...
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Custom |
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