Secondary market transactions in Government Securities - Short Selling
Posted Date : 25-Jun-2012 , 04:19:46 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/615 IDMD.PCD.21/14.03.07/2011-12
June 21, 2012
All market participants
Dear Sir/Madam
Secondary market transactions in Government Securities - Short Selling
This has reference to circular IDMD.PCD.14/14.03.07/2011-12 dated December 28, 2011 on the captioned subject.
2. As per extant guidelines, banks are permitted to undertake 'notional' short sale whereby they can sell a security short from HFT portfolio even if the security is held under their AFS/HTM portfolio (cir...
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RBI |
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Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives
Posted Date : 25-Jun-2012 , 04:18:50 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/616 FMD.MSRG.No.69/02.05.002/2011-12
June 22, 2012
All Category – I Authorised Dealer Banks and Primary Dealers
Madam/Sir,
Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives
Reserve Bank, vide it’s circular No.FMD.MSRG.No.67/02.05.002/2011-12 dated March 9, 2012, had advised that all inter-bank OTC foreign exchange derivatives transactions should be reported on a platform to be developed by the CCIL. The CCIL has since completed develop...
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RBI |
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CBDT:Extending due date for filing Form 49C for F.Y. 2011-12
Posted Date : 22-Jun-2012 , 01:12:51 pm | Posted By: Akanksha Handa
Section 119 of the Income-tax Act, 1961 - Income-tax authorities - Instructions to subordinate authorities - Order extending due date for filing Form 49C for F.Y. 2011-12
Order [F. No. 225/124/2012/ITA.II], dated 20-6-2012
Section 285 of Income-tax Act and Rule 114DA of Income-tax Rules read with Circular No. 5 of 2012, dated 6-2-2012, prescribes that a specified categories of assessees having a (Liaison Office in India shall electronically file Form 49C, within 60 days from the end o...
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Income Tax |
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CBDT: Authorization of AOs in certain cases to rectify/reconcile disputed arrear demand
Posted Date : 22-Jun-2012 , 01:07:35 pm | Posted By: Akanksha Handa
The Board has been apprised that in certain cases the assessees have disputed the figures of arrear demands shown as outstanding against them in the records of the Assessing Officer. The Assessing Officers have expressed their inability to correct/reconcile such disputed arrear demand on the ground that the period of limitation of four years as provided under sub-section (7) of section 154 of the Act has expired.
Further, in some cases, the Assessing Officers have uploaded such disput...
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Income Tax |
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Regarding procedure, safeguards, conditions and limitations for grant of refund of CENVAT credit under Rule 5 of CENVAT Credit Rules, 2004
Posted Date : 20-Jun-2012 , 06:38:36 pm | Posted By: CA. SURESH Kr. AGARWAL
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II SECTION 3 SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINSITRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS
Notification No. 27 /2012-CE (N.T.)
New Delhi the, 18th June, 2012
G. S. R -(E).- In exercise of the powers conferred by rule 5 of the CENVAT Credit Rules, 2004 (hereinafter referred to as the “said rules”), and in supersession of the notification of the Government of India in th...
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Excise |
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Appointment of Common Adjudicating Authority
Posted Date : 20-Jun-2012 , 06:37:19 pm | Posted By: CA. SURESH Kr. AGARWAL
F.No. 437/16/2012-Cus. IV
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
*****
New Delhi, dated the 20th June, 2012.
ORDER
In terms of Notification No. 15/2002-Customs (N.T.) dated 07.03.2002 (as amended) issued under sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Board hereby assigns the Show Cause Notice F.No. DRI/MZU/NS/INV-02/10-11/2273-2284 dated 17.02.2012 issued by Additional Director General, Di...
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Custom |
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Financial Inclusion-Opening of Aadhaar Enabled Bank Accounts (AEBA)
Posted Date : 20-Jun-2012 , 06:36:14 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/610 RPCD.CO.RRB.BC.No. 88/03.05.33/2011-12
June 19, 2012
The Chairmen All Regional Rural Banks(RRBs)
Madam / Dear Sir,
Financial Inclusion-Opening of Aadhaar Enabled Bank Accounts (AEBA).
Please refer to our Circular RPCD.CO.BC.FID No.16/12.01.019/2011-12 dated August 12, 2011 forwarding the Operational Guidelines on implementation of Electronic Benefit transfer (EBT) and its convergence with Financial Inclusion Plan (FIP).
2. In view of the timelines attached to th...
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RRBs - IT and IS Governance Structures
Posted Date : 20-Jun-2012 , 06:35:40 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/611 RPCD.CO.RRB.BC.No.87/03.05.33/2011-12
June 19, 2012
The Chairmen All Regional Rural Banks (RRBs)
Madam / Dear Sir,
Monetary Policy Statement 2012-13 - IT and IS Governance structures
Please refer to the paragraphs 121-123 of the Monetary Policy Statement 2012-13, wherein we have emphasized the importance of implementing IT and IS Governance structure in banks. It is expected that all banks adopt appropriate frameworks for both IT and IS Governance and put in place th...
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RBI |
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Regarding audit fees collected by the Comptroller and Auditor General (CAG)
Posted Date : 20-Jun-2012 , 06:51:59 am | Posted By: CASANSAAR
Circular No. 159/10/2012-ST
F.No.354/89/2012-TRU
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
(Tax Research Unit)
*****
Room No. 153, North Block,
New Delhi, 19thJune, 2012.
To
Chief Commissioners of Customs and Central Excise (All)
Chief Commissioners of Central Excise & Service Tax (All)
Directors General of Service Tax/Central Excise Intelligence/Audit
Commissionersof Central Excise& Service Tax (All)
Commission...
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Service Tax |
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Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1988(2011) Sanctions List
Posted Date : 19-Jun-2012 , 11:28:45 am | Posted By: CA. SURESH Kr. AGARWAL
RBI-2011-12/605 DBOD. AML.No.18786/14.06.001/2011-12
June 18, 2012
The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions
Dear Sir,
Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1988(2011) Sanctions List
Please refer to our circular DBOD. AML. No. 17478/14.06.001/2011-12 dated May 23, 2012. We have since received from Government of India, Ministry of External Affairs, UNP Division copies of notes dat...
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RBI |
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Export Credit Refinance Facility (ECR): Relaxation
Posted Date : 18-Jun-2012 , 11:28:13 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/603 Ref. MPD. No. 355/07.01.279/2011-12
Jyestha 28,1934 (Saka) June 18, 2012
To All Scheduled Banks [excluding Regional Rural Banks (RRBs)]
Dear Sir/Madam,
Export Credit Refinance Facility (ECR): Relaxation
At present, the Export Credit Refinance (ECR) limit is fixed at 15 per cent of the outstanding rupee export credit eligible for refinance as at the end of the second preceding fortnight. With a view to enhancing the credit flow to the export sector, it has been decid...
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RBI |
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Mid-Quarter Monetary Policy Review: June 2012
Posted Date : 18-Jun-2012 , 11:26:53 am | Posted By: CA. SURESH Kr. AGARWAL
Monetary and Liquidity Measures
On the basis of an assessment of the current macroeconomic situation, it has been decided to:
keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.75 per cent of their net demand and time liabilities; and
keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.0 per cent.
Consequently, the reverse repo rate under the LAF will remain unchanged at 7.0 per cent, and the marginal standing facilit...
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RBI |
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SERVICE TAX (REMOVAL OF DIFFICULTY) ORDER, 2012 - AMENDMENT IN SECTION 68 OF THE FINANCE ACT, 1994
Posted Date : 18-Jun-2012 , 08:40:53 am | Posted By: CASANSAAR
Whereas difficulties have arisen in giving effect to the provisions of section 143 of the Finance Act, 2012 (23 of 2012), insofar as it relates to insertion of section 66B in Chapter V of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act);
Now, therefore, in exercise of the powers conferred by sub-section (1-I) of section 95 of the Finance Act, the Central Government, hereby makes the following Order, namely:-
1.(1) This Order may be called the Service Tax (Rem...
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Service Tax |
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Establishment of Connectivity with both depositories NSDL and CDSL
Posted Date : 16-Jun-2012 , 11:23:28 am | Posted By: CA. SURESH Kr. AGARWAL
To,All Stock Exchanges
Dear Sir / Madam,
Sub: Establishment of Connectivity with both depositories NSDL and CDSL –Companies eligible for shifting from Trade for Trade Settlement (TFTS)to normal Rolling Settlement
1. It is observed from the information provided by the depositories that thecompanies listed in Annexure ‘A’ have established connectivity with both thedepositories.2. The stock exchanges may consider shifting the trading in these securities tonormal Rolling Settlem...
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SEBI |
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Redressal of complaints against Stock Exchanges (SEs) and Depositories through SEBI Complaints Redress System (SCORES).
Posted Date : 16-Jun-2012 , 11:21:33 am | Posted By: CA. SURESH Kr. AGARWAL
All DepositoriesAll recognized Stock Exchanges
Dear Madam/Sir,
Sub: Redressal of complaints against Stock Exchanges (SEs) andDepositories through SEBI Complaints Redress System (SCORES).
1. As you are aware, SEBI has commenced processing of complaints throughSCORES.2. The complaints received by SEBI against SEs and Depositories shall beelectronically sent through SCORES. You are advised to view the pendingcomplaints at http://scores.gov.in/admin and submit the Action Taken Report(ATR) along...
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SEBI |
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StCBs/DCCBs - Home Loans-Levy of fore-closure charges/ pre-payment penalty
Posted Date : 16-Jun-2012 , 11:14:30 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/602 RPCD CO. RCBD. BC. No. 84 /03.03.01/2011-12
June 15, 2012
The Chairmen/Chief Executives of All State and Central Co-operative Banks
Dear Sir
Home Loans-Levy of fore-closure charges/ pre-payment penalty
Please refer to our circular RPCD.CO.RCBD.BC.No. 48 /03.03.01/2010-11 dated January 20, 2011 on housing finance.
2. In this context, attention is invited to paragraphs 81 to 83 of the Monetary Policy Statement 2012-13 announced on April 17, 2012 with regard to home...
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RBI |
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Seeks to amend Notification 12/2012-Customs, dated 17-03-2012
Posted Date : 15-Jun-2012 , 09:21:34 am | Posted By: CA. SURESH Kr. AGARWAL
[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. 39/2012-Customs
New Delhi, the 12th June, 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, on being satisfied that it is necessary in the public interest so to do, hereby makes the further following amendme...
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Custom |
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Policy Guidelines for issuance and operation of Prepaid Payment Instruments in India- Amendments
Posted Date : 15-Jun-2012 , 09:19:36 am | Posted By: CA. SURESH Kr. AGARWAL
DPSS.CO.PD. No. 2256 /02.14.006/ 2011-12
June 14, 2012
To All System Providers, System Participants and all other prospective prepaid payment instrument issuers
Dear Sir,
Policy Guidelines for issuance and operation of Prepaid Payment Instruments in India- Amendments
A reference is invited to our circulars RBI / 2008-09 / 458 DPSS. CO. PD. No. 1873/02.14.06/2008-09 dated April 27, 2009, RBI / 2010-11 / 261 DPSS. CO. No. 1041 / 02.14.006 / 2010-2011 dated November 04, 2010 and RBI / 2...
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RBI |
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SUPPLEMENTARY MEMORANDUM EXPLAINING THE OFFICIAL AMENDMENTS MOVED IN THE FINANCE BILL, 2012 AS REFLECTED IN THE FINANCE ACT, 2012
Posted Date : 13-Jun-2012 , 08:29:57 pm | Posted By: Anjali Arora
FINANCE ACT, 2012 - PROVISIONS RELATING TO DIRECT TAXES
The Finance Bill, 2012 was introduced in Parliament on 16-3-2012. Certain official amendments have been carried out during the passage of the Bill in Parliament. A gist of the official amendments to the Finance Bill, 2012 as reflected in theFinance Act, 2012 (Act No. 23 of 2012)enacted on 28-5-2012, are as under. The clauses of the Finance Bill, 2012 have been renumbered during the passage of the Finance Act, 2012 in Parliament. The cl...
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Income Tax |
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Monetary Policy Statement 2012-13 - IT and IS Governance structures
Posted Date : 13-Jun-2012 , 06:33:25 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/600 DIT Cir. No.2833/09.63.025/2011-12
June 13, 2012
The Chairmen/Chief Executive Officers, All Scheduled Commercial Banks (excluding RRBs)
Madam / Dear Sir,
Monetary Policy Statement 2012-13 - IT and IS Governance structures
Please refer to the paragraphs 121-123 of the Monetary Policy Statement 2012-13, wherein we have emphasized the importance of implementing IT and IS Governance structure in banks. It is expected that all banks adopt appropriate frameworks for bot...
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RBI |
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RRBs/StCBs/DCCBs - Strengthening the Regulatory Framework for Unclaimed Deposits
Posted Date : 13-Jun-2012 , 06:32:22 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/599 RPCD.No. RRB.RCB.BC. 83/03.07.033/2011-12
June 12, 2012
All State and Central Co-operative Banks / Regional Rural Banks
Dear Sir
Strengthening the Regulatory Framework for Unclaimed Deposits
Please refer to paragraphs 102 and 103 of the Monetary Policy Statement for the year 2012-13, announced on April 17, 2012 proposing certain measures for strengthening the Regulatory Framework for Unclaimed Deposits.
2. In terms of our circulars RPCD. CO. RF. BC. No. 89/07.38.01/20...
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RBI |
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Implementation of Section 51 A of UAPA 1967 - Updates of the UNSCR Committee
Posted Date : 12-Jun-2012 , 05:33:36 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/593 DPSS. CO. AD. No. 2218/02.27.005/2011-12
June 7, 2012
CEOs of all the Payment System Operators Authorised under the PSS Act, 2007
Dear Sir
Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1267 (1999) and 1989 (2011) Committee's Al Qaida Sanctions List
Please refer to our circular DPSS.CO.AD.No 2058 /02.27.005/2011-12 dated May 9, 2012. We have since received from Government of India, Ministry of External Affairs, UNP Division copies of notes dated A...
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RBI |
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Money Transfer Service Scheme
Posted Date : 11-Jun-2012 , 02:10:26 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/596 A. P. (DIR Series) Circular No. 132
June 8, 2012
To,
All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme.
Madam/ Sir,
Money Transfer Service Scheme
Attention of all Authorised Persons (APs), who are Indian Agents under the Money Transfer Service Scheme (MTSS) is invited to paragraph 5 (c) of the the Notification dated June 4, 2003 on MTSS and the specific permission accorded to them under FEMA, 1999 by the Reserve Bank to undertake inw...
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RBI |
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Seeks to levy provisional anti-dumping duty on import of Plain Gypsum Plaster Boards of all thicknesses and dimensions, originating in or exported from China PR,Indonesia, Thailand, and UAE
Posted Date : 11-Jun-2012 , 02:08:13 pm | Posted By: CA. SURESH Kr. AGARWAL
[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. 32/2012-Customs (ADD)
New Delhi, 7th June, 2012
G.S.R.434(E).-Whereas in the matter of imports of Plain Gypsum Plaster Boards of all thicknesses and dimensions, excluding Gypsum Boards having water absorption up to and including 5%, generally referred to as Moisture Resistant Boards, and Gypsum Boards having a ...
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Custom |
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Appointment of Common Adjudicating Authority - ORDER 2
Posted Date : 11-Jun-2012 , 02:06:59 pm | Posted By: CA. SURESH Kr. AGARWAL
F.No. 437/28/2012-Cus. IVGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise & Customs*****New Delhi, dated the 7th June, 2012.ORDERIn terms of Notification No. 15/2002-Customs (N.T.) dated 07.03.2002 (as amended) issued under sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Board hereby assigns the Show Cause Notice F.No. DRI/MZU/NS/INV-08/10-11/2389-2397 dated 25/26.04.2012 issued by Additional Director General, Directorate of Revenue I...
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Custom |
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Appointment of Common Adjudicating Authority - ORDER 1
Posted Date : 11-Jun-2012 , 02:05:52 pm | Posted By: CA. SURESH Kr. AGARWAL
F.No. 437/26/2012-Cus. IVGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise & Customs*****New Delhi, dated the 7th June, 2012.ORDERIn terms of Notification No. 15/2002-Customs (N.T.) dated 07.03.2002 (as amended) issued under sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Board hereby assigns the Show Cause Notice F.No. VIII/26/10/2010-HRU dated 22.02.2012 issued by Additional Director General, Directorate of Revenue Intelligence, Zona...
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Custom |
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Notification No. 32/2012-Customs (ADD)
Posted Date : 08-Jun-2012 , 03:32:17 pm | Posted By: Rishabh Upadhyay
[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. 32/2012-Customs (ADD)
New Delhi, 7th June, 2012
G.S.R.434(E).-Whereas in the matter of imports of Plain Gypsum Plaster Boards of all thicknesses and dimensions, excluding Gypsum Boards having water absorption up to and including 5%, generally referred to as Moisture Resistant Boards, and Gypsum Boards having a...
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Category :
Custom |
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MCA:Extension of time in Filing Annual Return by Limited LiabilityPartnerships
Posted Date : 08-Jun-2012 , 08:54:03 am | Posted By: Akanksha Handa
General Circular No. 13/2012 dated 06.06.2012
Extension of time in Filing Annual Return by Limited LiabilityPartnerships .
Click the link to see circular...
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Corporate Laws |
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MCA:The Limited Liability Partnership (Amendment) Rules, 2012
Posted Date : 08-Jun-2012 , 08:51:49 am | Posted By: Akanksha Handa
G.S.R. (E) dated 05.06.2012
The Limited Liability Partnership (Amendment) Rules, 2012.
Click the link to see Circular...
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Corporate Laws |
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MCA:Form DIN 1 amended
Posted Date : 08-Jun-2012 , 08:50:12 am | Posted By: Akanksha Handa
Form DIN 1 amended. Kindly Click the link to see Circular...
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Corporate Laws |
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