RBI permits forex earners to purchase foreign exchange even if some balance exists in their EEFC account
Posted Date : 23-Jan-2013 , 01:07:54 pm | Posted By: Vinay Sharma
Exchange Earner's Foreign Currency (EEFC) Account, Diamond Dollar Account (DDA) & Resident Foreign Currency (RFC) Domestic Account
A. P. (DIR Series 2012-13) Circular No. 79, dated 22-1-2013
Attention of Authorised Dealer (AD) Category - I banks is invited to A.P. (DIR Series) Circulars Nos. 15, 124, 128, 8 and 12, dated November 30, 2006, May 10, 2012, May 16, 2012, July 18, 2012 and July 31, 2012 respectively, in terms of which all the foreign exchange earners were permi...
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SEBI (INVESTMENT ADVISERS) REGULATIONS, 2013
Posted Date : 23-Jan-2013 , 12:42:36 pm | Posted By: CA.VIRAL JANI
In exercise of the powers conferred by sub-section (1) of Section 30 read with clause (b) of sub-section (2) of Section 11 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Securities and Exchange Board of India hereby, makes the following regulations, namely, -
CHAPTER I
PRELIMINARY
Short title and commencement.
1.(1) These regulations may be called the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013.
(2) These regulations shall come...
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SEBI |
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External Commercial Borrowings (ECB) Policy
Posted Date : 22-Jan-2013 , 10:01:08 pm | Posted By: Vinay Sharma
RBI/2012-13/387
A.P. (DIR Series) Circular No.78
January 21, 2013
To,
All Category - I Authorised Dealer Banks
Madam/Sir,
External Commercial Borrowings (ECB) Policy –Repayment of Rupee loans and/or fresh Rupee capital expenditure – USD 10 billion scheme
Attention of Authorized Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No. 134 dated June 25, 2012 and A.P. (DIR Series) Circular No. 26 dated September 11, 2012.
2. As per the extant...
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FEMA |
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Amends Notification No. 12/2012-Central Excise, dated the 17th March, 2012
Posted Date : 22-Jan-2013 , 03:07:05 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.1 /2013-Central Excise
New Delhi, the 21st January, 2013
G.S.R. (E). - In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following ...
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Excise |
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Amends Notification No. 12/2012-Customs, dated the 17th March, 2012
Posted Date : 22-Jan-2013 , 03:05:59 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. 1 /2013-Customs
New Delhi, the 21st January, 2013
G.S.R. (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, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendme...
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Custom |
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SEBI (Investment Advisers) Regulations, 2013 notified
Posted Date : 22-Jan-2013 , 02:07:26 pm | Posted By: Vinay Sharma
SEBI (INVESTMENT ADVISERS) REGULATIONS, 2013
NOTIFICATION No. LAD-NRO/GN/2012-13/31/1778, dated 21-1-2013
In exercise of the powers conferred by sub-section (1) of Section 30 read with clause (b) of sub-section (2) of Section 11 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Securities and Exchange Board of India hereby, makes the following regulations, namely, -
CHAPTER I
PRELIMINARY
Short title and commencement.
1. (1) These regulations may be called the ...
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Posted Date : 21-Jan-2013 , 04:04:24 pm | Posted By: Vinay Sharma
SEBI Board Meeting - Review of Offer for Sale (OFS) through stock exchange mechanism; Margin Requirement for Institutional orders placed in OFS and Visibility of order book, etc.
Press Release No. 17/2013, dated 18-1-2013
The SEBI Board met in Chennai today and took the following decisions:
1. Review of Offer for Sale (OFS) through stock exchange mechanism
The Board noted that the OFS mechanism has been found to be useful by market participants and popular for offloading shares of pro...
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SEBI |
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Settlement of Claims in respect of Deceased Depositors
Posted Date : 21-Jan-2013 , 01:41:04 pm | Posted By: Vinay Sharma
RBI/2012-13/386 UBD.BPD.(PCB)CIR No. 32/13.01.000/2012-13
January 21, 2013
The Chief Executive Officers All Primary (Urban) Co-operative Banks
Dear Sir,
Settlement of Claims in respect of Deceased Depositors – Simplification of Procedure - UCBs
Please refer to paragraph 2 of our circular UBD.BPD.CIR No.4/13.01.000/ 2005-06 dated July 14, 2005 on the captioned subject. In case of access to balance in deposits accounts with survivor /nominee clause, UCBs were advised that while m...
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RBI |
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DTTA - AGREEMENT FOR AVOIDANCE OF DOUBLE TAXATION AND PREVENTION OF FISCAL EVASION WITH FOREIGN COUNTRIES - NETHERLANDS
Posted Date : 19-Jan-2013 , 06:02:01 pm | Posted By: Vinay Sharma
SECTION 90 OF THE INCOME-TAX ACT, 1961 - DOUBLE TAXATION AGREEMENT - AGREEMENT FOR AVOIDANCE OF DOUBLE TAXATION AND PREVENTION OF FISCAL EVASION WITH FOREIGN COUNTRIES - NETHERLANDS - AMENDMENT IN NOTIFICATION NO.GSR 382(E), DATED 27-3-1989
NOTIFICATION NO. 2/2013 [F.NO.501/02/1983-FTD-I], DATED 14-1-2013
WHEREAS a Protocol for amending the Convention between the Republic of India and the Kingdom of the Netherlands for the avoidance of double taxation and for the prevention of fiscal e...
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Income Tax |
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KYC Norms/AML Standards/Combating Financing of Terrorism/Obligation of banks under PMLA, 2002
Posted Date : 19-Jan-2013 , 01:37:40 pm | Posted By: Vinay Sharma
RBI/2012-13/385 DBOD.AML.BC. No.71/14.01.001/2012-13
January 18, 2013
The Chairmen/CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks /All India Financial Institutions
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 paragraph 2.4 (a) of Master Circular DBOD.AML.BC. No.11/14.01.001/2012-13 dated July...
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RBI |
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RBI advised Authorized dealers to ensure compliance of FEMA provisions to avoid penalty burden
Posted Date : 18-Jan-2013 , 04:40:51 pm | Posted By: Vinay Sharma
Reporting under Foreign Exchange Management Act, 1999
A.P. (DIR Series 2012-13) Circular No. 76, dated 17-1- 2013
In terms of section 11(2) of FEMA, 1999, the Reserve Bank may, for the purpose of ensuring the compliance with the provisions of the Act or of any rule, regulation, notification, direction or order made thereunder, direct any authorized person to furnish such information, in such manner, as it deems fit. Accordingly, RBI has entrusted to the Authorised Dealers (ADs) the r...
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FEMA |
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Rate of exchange of conversion of each of the foreign currency with effect from 18th January, 2013
Posted Date : 18-Jan-2013 , 02:31:29 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. 05/2013-Customs (N.T.)
DATED THE 17th January, 2013
27 Pausa, 1934(SAKA)
S.O. (E). – In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finan...
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Custom |
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Reporting under Foreign Exchange Management Act, 1999 (FEMA)
Posted Date : 18-Jan-2013 , 02:29:34 pm | Posted By: Vinay Sharma
RBI/2012-13/383 A.P. (DIR Series) Circular No. 76
January 17, 2013
To
All Category - I Authorised Dealer Banks
Madam /Sir,
Reporting under Foreign Exchange Management Act, 1999 (FEMA)
In terms of Section 11 (2) of FEMA, 1999, the Reserve Bank may, for the purpose of ensuring the compliance with the provisions of the Act or of any rule, regulation, notification, direction or order made thereunder, direct any authorized person to furnish such information, in such manner, as it deem...
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FEMA |
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CBDT clarifies certain issues relating to export of software; grants exemption for onsite software developments
Posted Date : 18-Jan-2013 , 02:12:37 pm | Posted By: Vinay Sharma
SECTION 10A, READ WITH SECTIONS 10AA & 10B OF THE INCOME-TAX ACT, 1961 - FREE TRADE ZONE - DIRECT TAX BENEFITS - CLARIFICATION ON ISSUES RELATING TO EXPORT OF COMPUTER SOFTWARE
circular No. 1/2013 [F. No. 178/84/2012-ITA.I], dated 17-1-2013
The Indian Software Industry has been the beneficiary of direct tax incentives under the provisions like sections 10A, 10AA & 10B of the Income -tax Act, 1961 in respect of their profits derived from the export of computer software. These p...
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Income Tax |
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Listed co. can
Posted Date : 18-Jan-2013 , 02:11:00 pm | Posted By: Vinay Sharma
Amendments to SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and Equity Listing Agreement
Circular no. CFD/DIL/3/2013, dated 17-1-2013
1. SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 ("SEBI (ESOS & ESPS) Guidelines") were issued to enable listed entities to reward their employees through stock option schemes and stock purchase schemes and to ensure that such schemes introduced by the companies are...
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SEBI |
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PVAT
Posted Date : 17-Jan-2013 , 08:04:10 pm | Posted By: CASANSAAR
GOVT. of PUNJAB
Excise andTaxation Department
PUBLIC NOTICE
Attention: All VATDealers, Advocates, Chartered Accountants and Cost Accountants
Subject: Launch date fore-Filingof VAT 15 and Last date of submitting tax
1.0 This is to inform all concerned that thee-Filingof VAT 15 for 3rd quarter of Financial Year 2012-13 is likely to start from23rd January 2013.
2.0 Sufficient time of 1 month would be provided toe-fileVAT 15 for the above mentioned quarter.
3.0 However, please note ...
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VAT |
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Centralised Processing of Statements of Tax Deducted at Source Scheme, 2013
Posted Date : 17-Jan-2013 , 07:55:03 pm | Posted By: CASANSAAR
Centralised Processing of Statements oftax deductedat source scheme, 2013
NotificationNo. 3/2013[F.No.142/39/2012-SO(TPL)], dated 15-1-2013
In exercise of the powers conferred by sub-section (2) of section 200A of the Income-tax Act, 1961 (43 of 1961), theCentralBoardof Direct Taxes hereby makes the following scheme for centralised processing of statements oftax deductedat source, namely:-
Short title and commencement
1.(1) This scheme may be called the Centralised Processing of Stat...
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Income Tax |
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Disposal of firearms imported as baggage under transfer of residence
Posted Date : 17-Jan-2013 , 07:48:28 pm | Posted By: CASANSAAR
Circular No.04 /2013-Customs
F.No.401/179/2012 –CusIII
Government of India
Ministry of Finance
(Department of Revenue)
CentralBoard of Excise & Customs
*****
New Delhi, dated15thJanuary, 2013
To,
All Chief Commissioners of Customs.
All Chief Commissioners of Customs & Central Excise.
All Chief Commissioners of Central Excise.
Sir / Madam,
Subject: Disposal of firearms imported as baggage under transfer of residence – reg.
The undersigned is direc...
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Custom |
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Overseas Direct Investment by residents of India in Pakistan allowed under approval route
Posted Date : 16-Jan-2013 , 05:56:12 pm | Posted By: Vinay Sharma
Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Fourth Amendment) Regulations, 2012 - Amendment in Regulations 6 & 15 and Part I of Form ODI
Notification No. Fema 249/RB-2012]/GSR 947(E), Dated 22-11-2012
In exercise of the powers conferred by clause (a) 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 hereby makes the following amendments in the Foreign E...
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FEMA |
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Residents of Pakistan allowed to invest in shares and debentures of Indian entities not engaged in restricted sector
Posted Date : 16-Jan-2013 , 03:58:31 pm | Posted By: Vinay Sharma
FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) (SEVENTH AMENDMENT) REGULATIONS, 2012 - AMENDMENT IN REGULATION 5 AND SCHEDULE 1
NOTIFICATION [NO.FEMA 244/2012-RB]/GSR 946(E), DATED 22-10-2012
In exercise of the powers conferred by clause (b) of sub-section (3) of section 6 and section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Manage...
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FEMA |
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Amends Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001
Posted Date : 16-Jan-2013 , 12:33:27 pm | Posted By: Vinay Sharma
[TO BE PUBLISHED 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. 03/2013-Customs (N. T.)
New Delhi,15th January, 2013
25 Pausha, 1934 (SAKA)
S.O. ____ (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that...
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Custom |
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Due date to file financial statements in XBRL mode further extended up to 15-2-2013
Posted Date : 16-Jan-2013 , 12:17:30 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. 1/2013, dated 15-1-2013
In continuation of the Ministry's General Circular Nos. 16/2012, dated 6-7-2012, 34/2012, dated 25-10-2012 and 39/2012, dated 12-12-2012 on the subject cited above, it is stated that the time limit to file the financial statements in the XBRL mode without any additional fee/penal...
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Corporate Laws |
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Notification No. 2/2013- Customs (N.T.)
Posted Date : 15-Jan-2013 , 12:13:10 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
New Delhi, Dated the 14th January, 2013
24 Pausa, 1934(SAKA)
Notification No. 2/2013- Customs (N.T.)
S.O. (E). – In the Ministry’s Notification No. 12/139/59-Ad.III B dated 05.11.62 as amended vide Notification No. 04/96-Custom (N.T.) dated 22.01.1996, the following am...
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Custom |
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RBI permits residents to include resident \'close relatives\' as joint holder in foreign currency account
Posted Date : 14-Jan-2013 , 07:22:07 pm | Posted By: Vinay Sharma
Foreign Exchange Management (Foreign Currency Accounts by A Person Resident In India) (Second Amendment) Regulations, 2012 - Amendment in Regulation 5 and Schedule-I
Notification [No.Fema/239/2012-RB]/GSR 915(E), Dated 25-9-2012
In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of 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 (F...
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FEMA |
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RBI imposes restriction on obtaining credit enhancement in form of overseas guarantee
Posted Date : 14-Jan-2013 , 07:20:49 pm | Posted By: Vinay Sharma
Foreign Exchange Management (Guarantees) (Third Amendment) Regulations, 2012 - Insertion of Regulation 3A
Notification [No. FEMA251/2012-RB]/GSR 917(E), Dated 6-12-2012
In exercise of the powers conferred by clause (j) 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 hereby makes the following amendments in the Foreign Exchange Management (Guarantees) Regulations, 2000 (Notification No....
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FEMA |
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Rationalisation process for obtaining PAN by Investors
Posted Date : 14-Jan-2013 , 06:58:36 pm | Posted By: Vinay Sharma
CIRCULAR CIR/MIRSD/01 /2013 January 04, 2013
1. All Recognized Stock Exchanges 2. Stock Brokers through Recognized Stock Exchanges 3. Depository Participants through Depositories 4. Mutual funds 5. Association of Mutual Funds in India 6. Portfolio Managers 7. KYC Registration Agencies (KRAs) 8. Alternative Investment Funds (AIFs) 9. Collective Investment Schemes (CIS)
Dear Sir,
Sub: Rationalisation process for obtaining PAN by Investors
1. Please refer to SEBI circular no CIR/MIRSD/16/201...
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SEBI |
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Definition of \'Infrastructure Loan\' of NBFCs - Harmonisation
Posted Date : 14-Jan-2013 , 06:49:00 pm | Posted By: Vinay Sharma
RBI/2012-13/351 DNBS.PD.CC.No. 317/03.10.001/2012-13
December 28, 2012
All NBFCs
Dear Sir/Madam,
Definition of 'Infrastructure Loan' of NBFCs - Harmonisation
Please refer to RBI’s circular DBOD.No.BP.BC.58/ 08.12.014/2012-13 dated November 20, 2012 on ‘Second Quarter Review of Monetary Policy 2012-13 – Definition of Infrastructure Lending' in terms of which the definition of ‘infrastructure lending for the purpose of financing of infrastructure by the bank...
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RBI |
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Export of Pharmaceutical Grade / Specialty Sugar not required to registered with DGFT
Posted Date : 14-Jan-2013 , 02:18:28 pm | Posted By: Vinay Sharma
Notification No 29 (RE – 2012)/2009-2014
New Delhi, Dated : 11th January, 2013
Subject: Export of Pharmaceutical Grade Sugar and Specialty Sugar.
S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government, with immediate effect, hereby makes the following amendments in Notification No. 117 (RE-2010)/2009-2014 dated 14.05.2012...
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DGFT |
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Clarification in respect of notices/ reminder letters issued for life insurance policies
Posted Date : 14-Jan-2013 , 11:32:21 am | Posted By: Vinay Sharma
Circular No.166/1/2013 -ST
F.No 354/190/2012- TRU
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Tax Research Unit
*****
Room No 153, North Block, New Delhi
Dated 1st January, 2013
To
Chief Commissioner of Customs and Central Excise (All);
Chief Commissioner of Central Excise & Service Tax (All);
Director General of Service Tax; Director General of Central Excise Intelligence; Director General of Audit;
Commissioner of Customs...
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Service Tax |
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Simplification and Revision of Softex Procedure at SEZs
Posted Date : 14-Jan-2013 , 11:30:06 am | Posted By: Vinay Sharma
RBI/2012-13/359 A.P. (DIR Series) Circular No. 66
January 1, 2013
To
All Category - I Authorized Dealer Banks
Madam / Sir,
Export of Goods and Services – Simplification and Revision of Softex Procedure at SEZs
Attention of the Authorised Dealer Banks is invited to Regulation 6 of the Notification No. FEMA 23/2000-RB dated May 3, 2000 viz. Foreign Exchange Management (Export of Goods and Services) Regulations, 2000, as amended by the Notification No.FEMA.36/2001-RB dated Februa...
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RBI |
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