Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267 Sanctions List
Posted Date : 25-Sep-2012 , 09:27:58 am | Posted By: CA. KRISHAN KUMAR SAINI
RBI/2012-13/218UBD.BPD (PCB) Cir. No.11/14.01.062/2012-13
September 24, 2012
The Chief Executive Officer ofAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267 (1999) /1989 (2011) Sanctions List – Primary (Urban) Co-operative Banks
Please refer to ourcircular UBD.BPD (PCB) Cir. No.10/14.01.062/2012-13 dated September 18, 2012. We have since received from Government of India, Ministry of External Affairs, UNP D...
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RBI |
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MCA:Companies (Central Government\'s) General Rules and Forms (Fifth Amendment) Rules, 2012 - (Form 23AC & 23ACA)
Posted Date : 25-Sep-2012 , 08:58:58 am | Posted By: Akanksha Handa
Companies (Central Government's) General Rules and Forms (Fifth Amendment) Rules, 2012 - (Form 23AC & 23ACA). Kindly click to see circular...
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Corporate Laws |
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FEMA 1999-Import of gold in any form including jewellery - clarification
Posted Date : 25-Sep-2012 , 07:58:05 am | Posted By: CASANSAAR
RBI/2012-13/220A.P. (DIR Series) Circular No. 34
September 24, 2012
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Foreign Exchange Management Act, 1999-Import of gold inany form including jewellery made of gold/precious metalsor / and studded with diamonds / semi precious / preciousstones - clarification
Attention of Authorised Dealer Category – I (AD Category – I) banks isinvited to the provisions contained inA.P.(DIR Series) Circular No.59 dated May 6, 2011, in...
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FEMA |
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Printing of Grievances Redressal Mechanism on Delivery Instruction Form Book
Posted Date : 24-Sep-2012 , 11:38:59 am | Posted By: CA. KRISHAN KUMAR SAINI
CIR/MRD/DP/DA/ 25 /2012 September 21, 2012
To
All Depositories
Dear Sir / Madam,
Sub: Printing of Grievances Redressal Mechanism on Delivery Instruction Form Book
1. Please refer to SEBI circular no. SEBI/MRD/DOP/Cir-22/2004 dated July 14, 2004 which specified the information regarding grievance redressal mechanism to be printed on the inside back cover of the Delivery Instruction Form Book issued by all Depository Participants.
2. The contents to be printed in the Delivery Instruction F...
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SEBI |
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Processing of Investor complaints against KRA {KYC (Know Your Client) Registration Agency} in SEBI Complaints Redress System (SCORES)
Posted Date : 24-Sep-2012 , 11:38:00 am | Posted By: CA. KRISHAN KUMAR SAINI
CIR/MIRSD/12/2012 September 21, 2012
To
All KYC Registration Agency (KRAs)
Dear Sir/Madam,
Sub: Processing of Investor complaints against KRA {KYC (Know Your Client)
Registration Agency} in SEBI Complaints Redress System (SCORES)
1. SEBI has commenced processing of investor complaints in a centralized web based
complaints redress system, “SCORES”. The salient features of this system are:
Centralised database of all complaints,
Online movement of complaint...
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SEBI |
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Foreign investment in Single
Posted Date : 24-Sep-2012 , 12:21:02 am | Posted By: CA. KRISHAN KUMAR SAINI
Foreign investment in Single–Brand Product Retail Trading/ Multi-Brand Retail Trading / Civil Aviation Sector / Broadcasting Sector / Power Exchanges - Amendment to the Foreign Direct Investment Scheme
RBI/2012-13/217A. P. (DIR Series) Circular No. 32
September 21, 2012
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Foreign investment in Single–Brand Product Retail Trading/Multi-Brand Retail Trading / Civil Aviation Sector / Broadcasting Sector / P...
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RBI |
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StCBs/RRBs
Posted Date : 24-Sep-2012 , 12:20:02 am | Posted By: CA. KRISHAN KUMAR SAINI
RBI/2012-13/216RPCD.CO.RCB.RRB.BC.No.28/07.02.01/2012-13
September 18, 2012
All Scheduled State Co-operative Banks/Regional Rural Banks
Dear Sir,
Section 42(1) of the Reserve Bank of India Act, 1934 –Maintenance of Cash Reserve Ratio (CRR)
Please refer to ourcircular RPCD.CO.RCB.RRB.BC.No.65/03.05.33/2011-12 dated March 12, 2012, on the captioned subject.
2. As set out in the Reserve Bank'sPress Release 2012-2013/452 dated September 17, 2012, it has been decided to reduce ...
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RBI |
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Approval of loan agreements/ long term infrastructure bonds and rate of interest for the purpose of Section 194LC of the Income-tax Act, 1961- regarding.
Posted Date : 21-Sep-2012 , 04:51:56 pm | Posted By: CA. KRISHAN KUMAR SAINI
CIRCULAR NO. 07/2012
F.No. 142/17/2012-SO(TPL)
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Direct Taxes)
---------
Dated: September 21, 2012
Subject: Approval of loan agreements/ long term infrastructure bonds and rate of interest for the purpose of Section 194LC of the Income-tax Act, 1961- regarding.
The Finance Act, 2012 has introduced section 194LC in the Income Tax Act. This section provides for lower withholding tax at the rate of 5% on intere...
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Income Tax |
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NBFCs/RNBCs - Anti-Money Laundering/Combating of Financing of Terrorism
Posted Date : 19-Sep-2012 , 08:39:18 am | Posted By: CA. KRISHAN KUMAR SAINI
RBI/2012-13/210DNBS(PD).CC.No304/03.10.42/2012-13
September 17, 2012
All Non Banking Financial Companies /Residuary Non Banking Companies
Dear Sir,
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
Please refer toDNBS(PD).CC.No.270/03.10.42/2011-12 dated April 4, 2012on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financial Action Task Force (FATF) has updated its Statement on June 22, 2012 on the subject (copy enclose...
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RBI |
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The Scheme of 1% Interest Subvention on Housing Loans up to Rs. 15.00 lakh
Posted Date : 19-Sep-2012 , 08:37:19 am | Posted By: CA. KRISHAN KUMAR SAINI
RBI/2012-13/214RPCD.MSME&NFS.BC.No. 30/06.11.01/2012-13
September 18, 2012
The Chairman/Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(excluding Regional Rural Banks)
Dear Sir / Madam,
The Scheme of 1% Interest Subvention on Housing Loans up to Rs. 15.00 lakh
Please refer to ourcircular RPCD.SME&NFS.BC.No.29/06.11.01/2011-12 dated November 04, 2011on the captioned subject. In this connection, it is now advised that:
The interest subvention scheme has ...
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RBI |
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Central Government hereby specify following classes of importers who shall pay customs duty electronically
Posted Date : 18-Sep-2012 , 08:33:08 am | Posted By: CA. KRISHAN KUMAR SAINI
[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. 83/2012-Customs (N.T.)
NewDelhi,dated the 17thSeptember, 2012.
S.O.(E). – In exercise of the powers conferred by the first proviso to sub-section (2) of section 47 of the Customs Act, 1962 (52 of 1962), the Central Government hereby specify following classes of importers who shall pay customs duty e...
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Custom |
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The Non-Banking Financial Company
Posted Date : 18-Sep-2012 , 08:30:05 am | Posted By: CA. KRISHAN KUMAR SAINI
RBI/2012-2013/207DNBS (PD) CC. No.303/ Factor / 22.10.91/ 2012-13
September 14, 2012
All NBFCs
Dear Sir,
The Non-Banking Financial Company –Factors (Reserve Bank) Directions, 2012
It may be recalled that the Bank had issued the captioned Directions on July 23, 2012. In continuation, notifications amending the Non-Banking Financial (Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007, the Non-Banking Financial (Non- Deposit Accepting or Holding) C...
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RBI |
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NBFCs/RNBCs - Anti-Money Laundering/Combating of Financing of Terrorism
Posted Date : 18-Sep-2012 , 08:27:36 am | Posted By: CA. KRISHAN KUMAR SAINI
RBI/2012-13/210DNBS(PD).CC.No304/03.10.42/2012-13
September 17, 2012
All Non Banking Financial Companies /Residuary Non Banking Companies
Dear Sir,
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
Please refer toDNBS(PD).CC.No.270/03.10.42/2011-12 dated April 4, 2012on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financial Action Task Force (FATF) has updated its Statement on June 22, 2012 on the subject (copy enclose...
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RBI |
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NPA Management
Posted Date : 17-Sep-2012 , 10:16:55 am | Posted By: CA. KRISHAN KUMAR SAINI
NPA Management – Requirement of an Effective Mechanism and Granular Data
RBI/2012-13/208DBOD.No.BP.BC/41/21.04.048/2012-13
September 14, 2012
The Chairman and Managing Director/Chief Executive Officer ofAll Scheduled Commercial Banks(Excluding RRBs)
Dear Sir,
NPA Management – Requirement of an Effective Mechanism and Granular Data
Please refer to the paragraph 100 (extract enclosed) of the Monetary Policy Statement 2012-13 announced on April 17, 2012.
2. ...
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RBI |
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MCA:Condition to be imposed for conersion of ordinary Society into Producer Company,Part-IX A of the Companies act,1956.
Posted Date : 17-Sep-2012 , 08:58:41 am | Posted By: Akanksha Handa
Condition to be imposed for conersion of ordinary Society into Producer Company,Part-IX A of the Companies act,1956.. Click to see circular...
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Corporate Laws |
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Parts, components of aircraft replaced or removed during the course of maintenance, repair or overhaul of the aircraft in a Special Economic Zone and brought to any other place in India. nil
Posted Date : 15-Sep-2012 , 01:54:31 pm | Posted By: CA. KRISHAN KUMAR SAINI
[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)
NotificationNo. 52 /2012-Customs
New Delhi, the 13thSeptember, 2012
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 being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in ...
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Custom |
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KYC/AML/CFT - Risk Categorization and Updation of Customer Profiles
Posted Date : 14-Sep-2012 , 08:41:38 pm | Posted By: CA. KRISHAN KUMAR SAINI
RBI/2012-13/206UBD.BPD (PCB) Cir. No. 8/14.01.062/2012-13
September 13, 2012
The Chief Executive Officer ofAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Know Your Customer (KYC)/Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Risk Categorization and Updation of Customer Profiles – Primary (Urban) Co-operative Banks
Please refer to ourcircular UBD.CO.BPD (PCB) No. 32/09.39.000/2007-08 dated February 25, 2008on KYC/AML/CFT.
2. In order to have an effe...
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RBI |
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New Capital Adequacy Framework (NCAF) - Eligible Credit Rating Agencies
Posted Date : 14-Sep-2012 , 08:40:29 pm | Posted By: CA. KRISHAN KUMAR SAINI
RBI/2012-13/205DBOD.No.BP.BC.41/21.06.009/2012-13
September 13, 2012
The Chairman / CMD / MD / CEOAll Scheduled Commercial Banks(Excluding Local Area Banks and Regional Rural Banks)
Dear Sir,
Prudential Guidelines on Capital Adequacy and Market Discipline- New Capital Adequacy Framework (NCAF) - Eligible Credit Rating Agencies – SME Rating Agency of India Ltd. (SMERA)
Please refer to the Master CircularDBOD.No.BP.BC.16/21.06.001/2012-13 dated July 2, 2012on 'Prudential Guidelines o...
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RBI |
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Steps to re-energise Mutual Fund Industry
Posted Date : 13-Sep-2012 , 09:59:55 pm | Posted By: CA. KRISHAN KUMAR SAINI
CIR/IMD/DF/21/2012 September 13, 2012
All Mutual Funds/Asset Management Companies (AMCs)/
Trustee Companies/Boards of Trustees of Mutual Funds
Sir / Madam,
Sub: Steps to re-energise Mutual Fund Industry
In order to increase penetration of mutual fund products and to energise the
distribution network while protecting the interest of investors, SEBI held a series of
meetings with various stakeholders in the mutual fund industry. Mutual Fund Advisory
Committee (MFAC) also deliberated and ...
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SEBI |
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Application Supported by Blocked Amount (ASBA) facility in public/ rights issue
Posted Date : 13-Sep-2012 , 09:58:00 pm | Posted By: CA. KRISHAN KUMAR SAINI
CIR/CFD/DIL/12/2012 September 13, 2012
To
All Registered Bankers to an Issue
Dear Sir/Madam,
Sub: Application Supported by Blocked Amount (ASBA) facility in public/ rights
issue
1. This has reference to SEBI Circular No. SEBI/CFD/DIL/ASBA/1/2009/30/12 dated
December 30, 2009, on the captioned subject.
2. It has come to our notice that some banks while making applications on own account
using ASBA facility are doing so without having clear demarcated funds and that some
b...
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SEBI |
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Comprehensive Guidelines on OTC Foreign Exchange Derivatives
Posted Date : 13-Sep-2012 , 08:34:15 am | Posted By: CA. KRISHAN KUMAR SAINI
RBI/2012-13/204A.P. (DIR Series) Circular No. 30
September 12, 2012
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Comprehensive Guidelines on Over the Counter (OTC) Foreign Exchange Derivatives – Cost Reduction Structures
Attention of Authorized Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 [Notification No. FEMA/25/RB-2000 dated May 3, 20...
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RBI |
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Overseas Direct Investments by Indian Party
Posted Date : 13-Sep-2012 , 08:32:00 am | Posted By: CA. KRISHAN KUMAR SAINI
RBI/2012-13/203A.P. (DIR Series) Circular No. 29
September 12, 2012
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Overseas Direct Investments by Indian Party – Rationalisation
Attention of the Authorised Dealer (AD - Category I) banks is invited to theNotification No. FEMA 120/RB-2004 dated July 7, 2004[Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004] (the Notification), as amended from time to time. It has been deci...
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RBI |
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Addendum to Circular No. CIR/MRD/DP/21/2012 dated August 02, 2012 on activation of ISIN in case of additional issue of shares/ securities
Posted Date : 12-Sep-2012 , 02:00:11 pm | Posted By: CA. KRISHAN KUMAR SAINI
CIR/MRD/DP/ 24 /2012 September 11, 2012
To,
The Depositories,
The Stock Exchanges
Dear Sir,
Sub: Addendum to Circular No. CIR/MRD/DP/21/2012 dated August 02, 2012 on
activation of ISIN in case of additional issue of shares/ securities
1. Please refer to SEBI circular CIR/MRD/DP/21/2012 dated August 02, 2012 on
activation of ISIN in case of additional issue of shares/ securities.
2. In partial modification, the earlier point 3 and 5 of the aforesaid circular shall be
replaced as under...
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Category :
SEBI |
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Trade Credits for Import into India
Posted Date : 12-Sep-2012 , 10:26:10 am | Posted By: CA. KRISHAN KUMAR SAINI
RBI/2012-13/202A.P. (DIR Series) Circular No. 28
September 11, 2012
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Trade Credits for Import into India
Attention of Authorized Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No. 87 dated April 17, 2004andA.P. (DIR Series) Circular No. 24 dated November 01, 2004.
2. As per the extant guidelines, for import of capital goods as classified by DGFT, AD banks may approve trade credits up to...
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RBI |
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ECB Policy
Posted Date : 12-Sep-2012 , 10:24:31 am | Posted By: CA. KRISHAN KUMAR SAINI
RBI/2012-13/201A.P. (DIR Series) Circular No. 27
September 11, 2012
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowings (ECB) Policy – Bridge Finance for infrastructure sector
Attention of Authorized Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No. 26 dated September 23, 2011.
2. As per the extant guidelines, Indian companies in the infrastructure sector, where “infrastructure” is as defined un...
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RBI |
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ECB Policy
Posted Date : 12-Sep-2012 , 10:22:04 am | Posted By: CA. KRISHAN KUMAR SAINI
RBI/2012-13/200A.P. (DIR Series) Circular No. 26
September 11, 2012
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 toA.P. (DIR Series) Circular No. 134 dated June 25, 2012.
2. As per the extant guidelines, the maximum permissible ECB that can be availed of ...
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RBI |
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Bank Finance to Factoring Companies
Posted Date : 12-Sep-2012 , 10:20:40 am | Posted By: CA. KRISHAN KUMAR SAINI
RBI/2012-13/199DBOD.BP.BC.No.40/21.04.172/2012-13
September 11, 2012
All Scheduled Commercial Banks(excluding RRBs)
Madam / Dear Sir,
Bank Finance to Factoring Companies
Please refer to paragraph 2 of ourcircular DBOD.BP.BC.No.60/08.12.01/2007-08 dated February 12, 2008on ‘Bank Finance to Factoring Companies’, in terms of which banks can extend financial assistance to support the factoring business of Factoring Companies which comply with certain criteria.
2. Subsequent to th...
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RBI |
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Know Your Client Requirements
Posted Date : 10-Sep-2012 , 09:09:38 am | Posted By: CA. KRISHAN KUMAR SAINI
CIRCULAR
CIR/MIRSD/ 11 /2012 September 5, 2012
1.Stock Brokers through Recognized Stock Exchanges
2. Depository Participants through Depositories
3. Mutual funds
4. Association of Mutual Funds in India
5. Portfolio Managers
6. KYC Registration Agencies (KRAs)
7. Alternative Investment Funds (AIFs)
8. Collective Investment Schemes (CIS)
Dear Sir,
Sub: Know Your Client Requirements
1. This has reference to SEBI circulars No CIR/MIRSD/16/2011 dated August 22,
2011 and MIRSD/SE/Cir-21...
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Category :
SEBI |
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Implementation of Section 51-A of UAPA, 1967 -Updates of the UNSCR Committee\'s Al Qaida Sanctions List
Posted Date : 08-Sep-2012 , 06:46:57 pm | Posted By: CA. KRISHAN KUMAR SAINI
RBI/2012-13/196DNBS (PD).CC. No 302 /03.10.42 /2012-13
September 7, 2012
All Non Banking Financial Companies /Residuary Non Banking Companies
Dear Sir,
Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1267 (1999) /1989(2011) Committee's Al Qaida Sanctions List
Please refer toDNBS (PD).CC.No 296/03.10.42/2012-13 dated July 11, 2012. The Chairman of UN Security Council's 1267/ 1989 Committee has issued notes datedJune 21, 2012,June 28, 2012, andJuly 2, 2012(copy enclose...
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RBI |
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Interest Rate on Deposits
Posted Date : 08-Sep-2012 , 10:11:27 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/192 UBD.BPD.Cir.No. 7/13.01.000//2012-13
September 6, 2012
The Chief Executive Officer All Primary (Urban) Co-operative Banks
Dear Sir/Madam
Interest Rate on Deposits
Please refer to our circular UBD.No.DS.PCB.CIR.53/13.01.00/97-98 dated April 29, 1998 whereby banks were permitted to offer, at their discretion, differential rates of interest on single term deposits of ` 15 lakh and above, subject to the condition that the schedule of interest rates payable on deposit...
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RBI |
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