All the registered dealers and contractees (TAN holders) will make payment of their tax, interest and penalty or any other payment due under the DVAT Act 2004 compulsorily through Electronic Mode of payment from the e-payment portals of the notified banks
Posted Date : 20-Feb-2013 , 01:23:34 pm | Posted By: Vinay Sharma
All the registered dealers and contractees (TAN holders) will make payment of their tax, interest and penalty or any other payment due under the DVAT Act 2004 compulsorily through Electronic Mode of payment from the e-payment portals of the notified banks.
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VAT |
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NBFCs to comply with revised guidelines on FPC and to display details of grievance redressal officer at their branches
Posted Date : 20-Feb-2013 , 01:17:06 pm | Posted By: Vinay Sharma
GUIDELINES ON FAIR PRACTICES CODE FOR NBFCs– GRIEVANCE REDRESSAL MECHANISM - NODAL OFFICER
CIRCULAR DNBS.CC.PD.NO. 320/03.10.01/2012-13, DATED 18-2-2013
The Reserve Bankvideits circular dated March 26, 2012, issued revised guidelines on Fair Practices Code (FPC) for all NBFCs to be adopted by them while doing lending business. The guidelines were reviewed in view of the creation of a new category of NBFCs viz; NBFC-MFIs and also rapid growth in NBFCs' lending against gold jewellery.
...
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Corporate Laws |
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Post Export EPCG Duty Credit Scrip Scheme notified
Posted Date : 19-Feb-2013 , 08:24:35 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. 06 / 2013-Customs
New Delhi, the 18thFebruary, 2013
G.S.R. 100 (E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods when import...
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Custom |
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Insurance Regulatory and Development Authority (Appointed Actuary) (First Amendment) Regulations, 2013
Posted Date : 19-Feb-2013 , 08:23:10 pm | Posted By: Vinay Sharma
IRDA (APPOINTED ACTUARY) (FIRST AMENDMENT) REGULATIONS, 2013 - AMENDMENT IN REGULATION 3 AND INSERTION OF REGULATION 11
NOTIFICATION F.NO.IRDA/REG/4/62/2013, DATED 7-2-2013
In exercise of the powers conferred by section 114A of the Insurance Act, 1938 (4 of 1938) read with sections 14 and 26 of the Insurance Regulatory and Development Authority Act, 1999 (4 of 1999), the Authority in consultation with the Insurance Advisory Committee, hereby makes the following regulations, namely:-
1. Shor...
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Corporate Laws |
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NEFT - Introduction of Continuous Release of Credit Messages
Posted Date : 19-Feb-2013 , 08:22:16 pm | Posted By: Vinay Sharma
RBI/2012-13/417DPSS. CO. EPPD No. 1400/04.03.01/2012-13
February 18, 2013
The Chairman and Managing Director / Chief Executive Officerof member banks participating in NEFT
Madam / Dear Sir,
NEFT - Introduction of Continuous Release of Credit Messages
Please refer to our circular DPSS. CO. EPPD No. 840/ 04.03.01/ 2012-13 dated November 26, 2012 on the captioned subject.
2. It has now been decided to implement the feature of continuous release of credit messages in the National Ele...
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RBI |
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Guidelines on Fair Practices Code for NBFCs
Posted Date : 19-Feb-2013 , 07:21:44 pm | Posted By: CASANSAAR
RBI/2012-13/417DPSS. CO. EPPD No. 1400/04.03.01/2012-13
February 18, 2013
The Chairman and Managing Director / Chief Executive Officerof member banks participating in NEFT
Madam / Dear Sir,
NEFT - Introduction of Continuous Release of Credit Messages
Please refer to our circular DPSS. CO. EPPD No. 840/ 04.03.01/ 2012-13 dated November 26, 2012 on the captioned subject.
2. It has now been decided to implement the feature of continuous release of credit messages in the National Electronic Fu...
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RBI |
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Gold Exchange Traded Fund Scheme (Gold ETFs) Investment in Gold Deposit Scheme (GDS) of Banks
Posted Date : 18-Feb-2013 , 07:50:26 pm | Posted By: Vinay Sharma
CIRCULAR
CIR/IMD/DF/04/2013 February 15, 2013
All Mutual Funds/Asset Management Companies (AMCs)/
Trustee Companies/Boards of Trustees of Mutual Funds/
All Depositories
Sir/ Madam,
Sub: Gold Exchange Traded Fund Scheme (Gold ETFs)
Investment in Gold Deposit Scheme (GDS) of Banks
1. SEBI (Mutual Funds) Regulations, 1996, (MF Regulations) permits Gold Exchange
Traded Fund scheme (Gold ETFs) to invest primarily in:
a) Gold
b) Gold related ins...
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SEBI |
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Gold ETFs of mutual funds permitted to invest in Gold Deposit Scheme of banks
Posted Date : 16-Feb-2013 , 03:30:45 pm | Posted By: Vinay Sharma
GOLD EXCHANGE TRADED FUND SCHEME (GOLD ETFs) - INVESTMENT IN GOLD DEPOSIT SCHEME (GDS) OF BANKS
CIRCULAR NO. IMD/DF/04/2013, DATED 15-2-2013
1.SEBI (Mutual Funds) Regulations, 1996, (MF Regulations) permits Gold Exchange Traded Fund scheme (Gold ETFs) to invest primarily in:
(a) Gold
(b) Gold related instruments - Regulation 2(mc) of MF Regulations stipulates that gold related instruments are such instruments having gold as underlying, as are specified by SEBI from time to time.
Please al...
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SEBI |
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Introduction of Periodic Call Auction for Illiquid Scrips and Extension of Pre-Open Session to all Scrips
Posted Date : 15-Feb-2013 , 03:08:49 pm | Posted By: Vinay Sharma
CIRCULAR
CIR/MRD/DP/ 6/2013 February 14, 2013
To
All Stock Exchanges
Dear Sir/Madam,
Sub: Introduction of Periodic Call Auction for Illiquid Scrips and Extension of
Pre-open Session to all Scrips.
1. SEBI vide circular no CIR/MRD/DP/21/2010 dated July 15, 2010 introduced Call
Auction in Pre-open session on pilot basis at NSE and BSE for scrips forming part of
Nifty and Sensex. Vide circular CIR/MRD/DP/ 01/2012 dated January 20, 2012, the
fr...
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SEBI |
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Disruption of e-Filing Services of VAT 15 and VAT 20 from 5PM on 16 th Feb to 5PM on 17 th Feb 2013
Posted Date : 15-Feb-2013 , 11:00:39 am | Posted By: CASANSAAR
GOVT. of PUNJAB
Excise and Taxation Department
PUBLIC NOTICE
Dated: 13thFebruary 2013
Attention: All VAT Dealers, Advocates, Chartered Accountants and Cost Accountants
Subject: Disruption of e-Filing Services of VAT 15 and VAT 20 from 5PM on 16th Feb to 5PM on 17thFeb 2013
1. This is to inform all concerned that the e-filing services of VAT 15 and VAT 20 would not beavailable from 5PM on 16thFebruary 2013 to 5 PM on 17thFebruary 2013, due to plannedmaintenance activity;
2. Inco...
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Amends Notification Nos. 100/2009-Cuc, 101/2009-Cus, 102/2009-Cus and 103/2009-Cus, all dated 11.9.2009, to allow import of catalyst for one subsequent charge under EPCG scheme
Posted Date : 14-Feb-2013 , 09:42:46 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. 03/2013-Customs
New Delhi, the13thFebruary, 2013
24Magha1934Saka
G.S.R. 72 (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each o...
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Custom |
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Gold Deposit Scheme
Posted Date : 14-Feb-2013 , 07:06:47 pm | Posted By: Vinay Sharma
RBI/2012-13/415 DBOD.No.IBD.BC. 81/23.67.001/2012-13
February 14, 2013
All Scheduled Commercial Banks authorized to deal in Gold
Dear Sir / Madam
Gold Deposit Scheme
The Central Government, with a view to bringing privately held stock of gold in circulation, reduce the country’s reliance on import of gold and providing its owners with some income apart from freeing them from the problems of storage, movement and security of gold in their possession, had notified Gold Deposi...
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RBI |
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Prevention of Money-Laundering (Amendment) Act, 2012 effective from 15-2-2013
Posted Date : 13-Feb-2013 , 01:26:36 pm | Posted By: Vinay Sharma
PREVENTION OF MONEY LAUNDERING (AMENDMENT) ACT, 2012 - NOTIFIED DATE FOR ENFORCEMENT OF PROVISIONS OF AMENDMENT ACT, 2012
NOTIFICATION NO. SO 343(E)[F.NO.P.12011/3/2009-S.O.(E.S. CELL)], DATED 8-2-2013
In exercise of the powers conferred by sub-section (2) of section 1 of the Prevention of Money-Laundering (Amendment) Act, 2012 (2 of 2013), the Central Government hereby appoints the 15th day of February, 2013, as the date on which the provisions of the said Act shall come into force....
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FEMA |
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All Saturdays will be working days and not holidays till 31.03.2013
Posted Date : 13-Feb-2013 , 12:31:21 pm | Posted By: Vinay Sharma
OFFICE OF THE ADDITIONAL COMMISSIONER (HR)
DEPARTMENT OF TRADE & TAXES
GOVERNMENT OF NCT OF DELHI
VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002
No. 342-349
Dated: 05/02/2013
CIRCULAR
Considering the status of revenue collection and need to improve it substantially in order to meet the revenue target as fixed by Govt. of NCT of Delhi, all the officers and officials of this Department have to work beyond their normal duties. With only less than two months to go, we need to accelerat...
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VAT |
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Notification regarding procedure and form for filing Audit Report.
Posted Date : 13-Feb-2013 , 12:27:09 pm | Posted By: Vinay Sharma
VAT - Delhi - Notification No. No.F.7(420) Policy VAT 2011 1203-1213 Dated Monday, February 11, 2013
Notification regarding procedure and form for filing Audit Report....
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VAT |
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Last date for filing financial statements in XBRL mode further extended to 28-2-2013
Posted Date : 13-Feb-2013 , 12:07:35 pm | Posted By: Vinay Sharma
Filing of Balance Sheet and Profit and Loss Account in extensible Business Reporting Language (XBRL) mode for the financial year commencing on or after 1-4-2011
General Circular No. 5/2013 [No. 17/161/2012-CL-V], dated 12-2-2013
In continuation of the Ministry's General Circular Nos. 16/2012, dated 6-7-2012, 34/2012, dated 25-10-2012, 39/2012, dated 12-12-2012 and 1/2013 on the subject cited above, it is stated that the time limit to file the financial statements in the XBRL mode with...
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Corporate Laws |
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Banks are now permitted to open NRO accounts of Bangladeshi Nationals without RBI
Posted Date : 12-Feb-2013 , 08:30:11 pm | Posted By: Vinay Sharma
Opening of NRO accounts by individuals of Bangladesh Nationality
A.P. (DIR Series 2012-13) Circular No. 82, dated 11-2-2013
Attention of all the Authorised Dealer banks and Authorised banks (Authorised banks) is invited to Paragraph 1 of Schedule-3 of Foreign Exchange Management (Deposit) Regulations, 2000 contained in Notification No. FEMA. 5/2000-RB dated May 3, 2000, as amended from time to time, in terms of which opening of Non-Resident Ordinary Rupee (NRO) accounts by individuals/...
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FEMA |
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Relaxation of additional fees and extension of last date in filing of various forms with the Ministry of Corporate Affairs-reg.
Posted Date : 11-Feb-2013 , 05:10:05 pm | Posted By: CASANSAAR
General Circular No. 03/2013 Dated 08.02.2013,Relaxation of additional fees and extension of last date in filing of various forms with the Ministry of Corporate Affairs-reg.
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Corporate Laws |
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Bank Finance for Purchase of Gold
Posted Date : 11-Feb-2013 , 03:28:37 pm | Posted By: Vinay Sharma
RBI/2012-13/411UBD.BPD.(PCB) Cir No.36/13.05.001/2012-13
February 6, 2013
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Bank Finance for Purchase of Gold
Please refer to our circularUBD.PCB.Cir.No 24/13.05.001/08-09 dated November 10, 2008on ‘Advances against Pledge of Gold / silver ornaments’ advising UCBs to observe certain safeguards while granting loan against pledge of gold/ silver ornaments.
2.In terms of announcements made in para...
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RBI |
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CBDT directs CCIT/DGIT to fix responsibility of officials liable in case of delay in forwarding SLPs proposals
Posted Date : 11-Feb-2013 , 03:02:31 pm | Posted By: Vinay Sharma
SECTION 261 OF THE INCOME-TAX ACT, 1961 - SUPREME COURT - APPEALS TO - DELAY IN FILING OF SLP IN SUPREME COURT - FIXING OF RESPONSIBILITY
LETTER NO. DGIT (L&R)/SOP FOR SLP/2012-13/04, DATED 4-2-2013
Please refer to the above.
2.I am directed to say that the delay in filing of SLP is a serious cause of concern. One of the reasons for delay in filing of SLP is inordinate delay in receiving the SLP proposals in the Directorate of Legal & Research. Even after conveying the concern of th...
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Income Tax |
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FEMA (DEPOSIT) (SECOND AMENDMENT) REGULATIONS, 2013 - AMENDMENT IN SCHEDULE 3
Posted Date : 11-Feb-2013 , 02:55:54 pm | Posted By: Vinay Sharma
FEMA (DEPOSIT) (SECOND AMENDMENT) REGULATIONS, 2013 - AMENDMENT IN SCHEDULE 3
NOTIFICATION [NO.FEMA.253/2013/RB]/GSR 26(E), DATED 2-1-2013
In exercise of the powers conferred by clause (f) of sub-section (3) of section 6 and sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Deposit) Regulations, 2000 (Notification No. FEMA. 5/2000-RB, dated May 3, 2000), namely:...
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FEMA |
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AMENDMENT IN NOTIFICATION NO. SO 2685(E), DATED 6-11-2012 - EXEMPTIONS - INTEREST ON BONDS/DEBENTURES - SPECIFIED COMPANIES AUTHORIZED TO ISSUE TAX-FREE, SECURED, REDEEMABLE
Posted Date : 11-Feb-2013 , 02:50:49 pm | Posted By: Vinay Sharma
AMENDMENT IN NOTIFICATION NO. SO 2685(E), DATED 6-11-2012 - EXEMPTIONS - INTEREST ON BONDS/DEBENTURES - SPECIFIED COMPANIES AUTHORIZED TO ISSUE TAX-FREE, SECURED, REDEEMABLE,
NOTIFICATION NO. 10/2013
DATED 5-2-2013
SO 321(E),.In exercise of the powers conferred byitem (h) of sub-clause (iv) of clause (15) of section 10of theIncome-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendments in the notification of the Government of India in theMinistry of Finance,...
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Income Tax |
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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
Posted Date : 11-Feb-2013 , 11:09:28 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/410 RPCD.RRB.RCB.BC.No. 63 /07.51.018/2012-13
January 30, 2013
The Chairmen / CEOs of all Regional Rural Banks / State and Central Co-operative Banks
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
Please refer to our circular RPCD.CO.RRB.RCB.AML.No.6097/07.51.018/ 2012-13 dated December 13, 2012 on simplification of Know...
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RBI |
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Permission to standalone PDs for membership in SEBI approved Stock Exchanges for trading in corporate bonds
Posted Date : 11-Feb-2013 , 11:05:45 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/412 IDMD. PCD.No.2310/14.03.05/2012-13
February 06, 2013
All Standalone Primary Dealers (PDs)
Dear Sir/Madam,
Permission to standalone PDs for membership in SEBI approved Stock Exchanges for trading in corporate bonds
With a view to further developing the debt market in India, it has been decided to permit standalone PDs to become members of SEBI approved stock exchanges for the purpose of undertaking proprietary transactions in corporate bonds. While doing so, standal...
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RBI |
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Amendment in FTP (RE-2012)(2009-2014)- Post Export EPCG Scheme
Posted Date : 09-Feb-2013 , 07:05:02 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
Udyog Bhawan
Notification No. 33 (RE-2012) /2009-2014
New Delhi, the 8th February, 2013
Subject: Amendment in FTP (RE-2012)(2009-2014)- Post Export EPCG Scheme
S.O (E) :In exercise of the powers conferred bySection 5of theForeign Trade (Development & Regulation) Act, 1992, as amended, read withparagraph 1.3of theF...
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DGFT |
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Issue of Custom House Agent License.
Posted Date : 09-Feb-2013 , 06:57:37 pm | Posted By: Vinay Sharma
Circular No. 06/2013-Customs
F. No. 494/4/2012-Cus.VI
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
*****
Room No.253-A, North Block,
New Delhi, dated the 6thFebruary, 2013
To,
All Chief Commissioners of Customs / Customs (Prev.).
All Chief Commissioners of Customs & Central Excise.
All Commissioners of Customs / Customs (Prev.).
All Commissioners of Customs & Central Excise.
AllDirector Generals under CBEC.
Sub...
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Category :
Custom |
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Amendment in Customs House Agents Licensing Regulations, 2004
Posted Date : 09-Feb-2013 , 06:56:14 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. 19/2013 – Customs (N.T.)
New Delhi, the 6thFebruary, 2013.
.
G.S.R._______(E) - Inexercise of the powers conferred by sub-section (2) of section 146 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following regulations, further to amend the Customs House ...
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Custom |
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Individuals of Bangladesh need not to take prior approval of RBI for opening an NRO Rupee account
Posted Date : 06-Feb-2013 , 01:43:01 pm | Posted By: Vinay Sharma
Fema (Deposit) (second Amendment) Regulations, 2013 - Amendment in Schedule 3
Notification [No.FEMA.253/2013/RB]/GSR 26(E), Dated 2-1-2013
In exercise of the powers conferred by clause (f) of sub-section (3) of section 6 and sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Deposit) Regulations, 2000 (Notification No. FEMA. 5/2000-RB, dated May 3, 2000), ...
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FEMA |
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Requirements of Reconstruction Scheme revised for Listed Companies and Stock Exchanges
Posted Date : 06-Feb-2013 , 01:41:29 pm | Posted By: Vinay Sharma
Scheme of Arrangement under the Companies Act, 1956 - Revised requirements for the Stock Exchanges and Listed Companies
CIRCULAR no. CFD/DIL/5/2013, DateD 4-2-2013
1. Vide Circular No. SEBI/CFD/SCRR/01/2009/03/09, dated September 3, 2009 ("Circular") certain requirements were prescribed for seeking exemption under sub-rule (7) of rule 19 of the Securities Contracts (Regulation) Rules, 1957 ("SCRR, 1957") from strict enforcement of clause (b) to sub-rule (2) of rule 19 by listed com...
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SEBI |
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IRDA [Insurance Advisory Committee (Meetings)](Amendment) Regulations, 2012
Posted Date : 06-Feb-2013 , 01:39:47 pm | Posted By: Vinay Sharma
IRDA [Insurance Advisory Committee (Meetings)] (First Amendment) Regulations, 2012 - Amendment in Regulation 1 and insertion of Regulation 3A
Notification F. No. IRDA/Reg/1/59/2013, Dated 11-1-2013
In exercise of powers conferred by clause (e) of sub-section (2) and sub-section (1) of section 26, read with section 25 of Insurance Regulatory and Development Authority Act, 1999 (41 of 1999), the Authority in consultation with the Insurance Advisory Committee, hereby makes the following r...
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Corporate Laws |
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