RBI/2021-22/13 DoR.AUT.REC.2/23.67.001/2021-22 April 5, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam Gold Monetization Scheme (GMS), 2015 In exercise of the powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015)Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015,with immedi...

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RBI/2021-22/12 FIDD.GSSD.CO.BC.No.03/09.16.03/2021-22 April 05, 2021 The Chairman & Managing Director/CEO All Scheduled Commercial Banks & Small Finance Banks Madam/Dear Sir, Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) Please refer to the Master Circular on DAY-NULMFIDD.GSSD.CO.BC.No.01/09.16.03/2019-20 dated July 01, 2019containing the instructions / guidelines / directives issued to banks. 2. TheMaster Circularhas been suitably ...

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RBI/2021-22/11 FIDD.CO.GSSD.BC.No.05/09.09.001/2021-22 April 05, 2021 The Chairman & Managing Director CEO All Scheduled Commercial Banks & Small Finance Banks Dear Sir/Madam, Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs) Please refer to theMaster Circular FIDD.CO.GSSD.BC.No.03/09.09.001/2019-20 dated July 01, 2019consolidating guidelines / Instructions / directions issued to banks with regard to providing credit facilities...

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S.O. 1439(E). —In exercise of the powers conferred by sub-section (6C) of section 250 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby amends the notification of the Government of India, Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, published in the Gazette of India, Extraordinary, vide number S.O. 3297 (E) dated the 25th September, 2020, namely:...

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S.O. 1438(E).—In exercise of the powers conferred by sub-section (6B) of section 250 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendments in the Faceless Appeal Scheme, 2020, namely: —...

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S.O. 1437(E).—In exercise of powers conferred under sub-section (2) of section 143 of Income-tax Act, 1961 (43 of 1961) (the Act) read with Rule 12E of the Income-tax Rules, 1962, the Central Board of Direct Taxes hereby authorises the Assistant Commissioner of Income-tax/Deputy Commissioner of Income-tax (NaFAC) having her / his headquarters at Delhi, to act as the ‘Prescribed Income-tax Authority’ for the purpose of sub-section (2) of section 143 of the Act, in respect of ret...

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S.O. 1436(E).—In exercise of the powers conferred by sub-sections (1), (2) and (5) of section 120 and section 133C of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), read with rule 12D of the Income-tax Rules, 1962, the Central Board of Direct Taxes hereby-...

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S.O. 1435(E).—In exercise of the powers conferred by sub-sections (1), (2) and (5) of section 120 of the Income-tax Act, 1961 (43 of 1961)(hereinafter referred to as the said Act), the Central Board of Direct Taxes hereby directs that the Income-tax Authorities of Regional Faceless Assessment Centres (hereinafter referred to as the ReFACs) specified in Column (2) of the Schedule below, having their headquarters at the places mentioned in column (3) of the said Schedule, shall exercise the ...

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S.O. 1434(E).—In exercise of the powers conferred by sub-sections (1), (2) and (5) of section 120 of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), the Central Board of Direct Taxes hereby directs that the Income-tax Authorities of the National Faceless Assessment Centre (hereinafter referred to as the NaFAC) specified in Column (2) of the Schedule below, having its headquarters at the place mentioned in Column (3) of the said Schedule, shall exercise the ...

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G.S.R. 242(E).-In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend Incometax Rules, 1962, namely:-...

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S.O. 1432(E).—In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (38 of 2020) (hereinafter referred to as the said Act), and in partial modification of the notification of the Government of India in the Ministry of Finance, (Department of Revenue) No.93/2020 dated the 31st December, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide numb...

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RBI/2021-22/04 FIDD.CO.LBS.BC.No.02/02.01.001/2021-22 April 01, 2021 The Chairmen/ Managing Directors/ Chief Executive Officers SLBC/ UTLBC Convenor Banks / Lead Banks Madam/ Dear Sir, MASTER CIRCULAR – Lead Bank Scheme The Reserve Bank of India has issued a number of guidelines/instructions on Lead Bank Scheme from time to time. ThisMaster Circularconsolidates the relevant guidelines/ instructions issued by Reserve Bank of India on Lead Bank Scheme up to March 31, 2021 as...

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RBI/2021-22/09 FIDD.CO.FID.BC.No.06/12.01.033/2021-22 April 01, 2021 The Chairman/ Managing Director/ Chief Executive Officer All Scheduled Commercial Banks Madam/ Dear Sir Master Circular on SHG-Bank Linkage Programme The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to banks on SHG-Bank Linkage Programme. In order to enable banks to have instructions at one place, the Master Circular incorporating the existing guidelines/ instruction...

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RBI/2021-22/05 FIDD.GSSD.CO.BC.No.04/09.01.01/2021-22 April 01, 2021 The Chairman/ Managing Director & CEO Public Sector Banks, Private Sector Banks (including Small Finance Banks). Madam/Dear Sir Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) Please refer to theMaster Circular FIDD.GSSD.CO.BC.No.06/09.01.01/2020-21 dated September 18, 2020on Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM). Th...

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RBI/2021-22/78 FMRD.DIRD.01/14.01.001/2021-22 April 01, 2021 To, All Eligible Market Participants Madam/Sir, Master Direction - Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021 Please refer to Paragraph 6 of theStatement on Developmental and Regulatory Policies, Reserve Bank of India, issued as part of thesecond Bi-monthly Monetary Policy Statement for 2019-20 dated June 06, 2019regarding Comprehensive Review of Money Market Directions. 2. The dr...

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RBI/2021-22/10 DOR.AML.BC.No.1/14.01.001/2021-22 April 1, 2021 The Chairpersons/ CEOs of all the banks Madam/Sir, Amendment to Master Direction (MD) on KYC – KYC norms for Self Help Groups (SHGs) Please refer to Section 43 of theMaster Direction on KYC dated February 25, 2016as amended from time to time, wherein simplified norms for Self Help Groups (SHGs) have been stipulated. 2. In this regard, on a review, it has been decided to amend clause (c) of Section 43 to read ...

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RBI/2021-22/08 DGBA.GBD.No.S-1/31.02.007/2021-22 April 1, 2021 All Agency Banks Dear Sir/Madam Master Circular - Disbursement of Government Pension by Agency Banks Please refer to ourMaster Circular RBI/2020-21/06 dated July 1, 2020on the above subject. We have now revised and updated the Master Circular which consolidates important instructions on the subject issued by the Reserve Bank of India till March 31, 2021 2. A copy of the revisedMaster Circularis enclosed for your in...

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RBI/2021-22/07 DGBA.GBD.No. S-2/31.12.010/2021-22 April 1, 2021 All Agency Banks Dear Sir / Madam Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission Please refer to ourMaster Circular RBI/2020-21/03; DGBA.GBD.No.2/31.12.010/2020-21 dated July 01, 2020on the above subject. We have now revised and updated the Master Circular which consolidates important instructions on the subject issued by the Reserve Bank of India till March 31, 2021....

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RBI/2021-22/06 FIDD.GSSD.BC.No.01/09.10.01/2021-22 April 01, 2021 The Chairman/ Managing Director/ Chief Executive Officer All Scheduled Commercial Banks including Small Finance Banks (Excluding RRBs and Foreign banks with less than 20 branches) Dear Sir / Madam, Master Circular - Credit Facilities to Minority Communities Please refer to ourMaster Circular FIDD.GSSD.BC.No.04/09.10.01/2019-20 dated July 01, 2019containing the instructions / guidelines / directives issued to bank...

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RBI/2021-22/77 Master Direction DCM (CC) No.G-4/03.35.01/2021-22 April 01, 2021 The Chairman/ Managing Director/Chief Executive Officer (All Banks having Currency Chests) Madam / Dear Sir Master Direction on Levy of Penal Interest for Delayed Reporting / Wrong Reporting / Non-Reporting of Currency Chest Transactions and Inclusion of Ineligible Amounts in Currency Chest Balances In terms of the Preamble, under Section 45 of the RBI Act, 1934 and 35 A of the Banking Regulation Act...

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RBI/2021-22/76 Master Direction DCM (CC) No.G-2/03.41.01/2021-22 April 01, 2021 The Chairman/Managing Director/Chief Executive Officer All Banks Madam / Dear Sir, Master Direction on “Currency Distribution & Exchange Scheme (CDES)” for bank branches including currency chests based on performance in rendering customer service to members of public In terms of the Preamble, under Section 45 of the RBI Act, 1934 and 35 A of the Banking Regulation Act, 1949, the Bank ...

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RBI/2021-22/03 DCM (CC) No.G-3/03.44.01/2021-22 April 01, 2021 The Chairman/Managing Director/Chief Executive Officer All Banks Master Circular – Scheme of Penalties for bank branches including Currency Chests based on performance in rendering customer service to the members of public Please refer to theCircular DCM (CC) No.G-1/03.44.01/2020-21 dated July 1, 2020on the scheme of penalties. 2. A revised and updated version on the subject isannexedfor information and necessa...

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RBI/2021-22/02 DCM (FNVD) G–1/16.01.05/2021-22 April 1, 2021 The Chairman/ Managing Director /Chief Executive Officer All Banks and Director of Treasuries of all States Dear Sir / Madam, Master Circular – Detection and Impounding of Counterfeit Notes Please refer to theMaster Circular DCM (FNVD) G-2/16.01.05/2020-21 dated July 1, 2020consolidating the instructions issued till July 1, 2020, relating to Detection and Impounding of Counterfeit Notes. TheMaster Circular...

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RBI/2021-22/01 DCM (NE) No.G-4/08.07.18/2021-22 April 01, 2021 The Chairman/ The Managing Director/ The Chief Executive Officer All Banks Madam / Dear Sir Master Circular – Facility for Exchange of Notes and Coins Please refer to theMaster Circular DCM (NE) No.G-3/08.07.18/2020-21 dated July 01, 2020containing instructions on the facility for exchange of notes and coins. A revised version ofMaster Circularon the subject is annexed for your information and necessary action...

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G.S.R….. (E).- In exercise of the powers conferred by sections 139, 143, 147 and 148 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Audit and Auditors) Rules, 2014, namely:— 1. (1) These rules may be called the Companies (Audit and Auditors) Second Amendment Rules, 2021. (2) They shall come into force with effect from the 1st day of April, 2021. ...

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Category : Companies Act | Comments : 0 | Hits : 964

G.S. R…..(E).— In exercise of the powers conferred by section 134 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Accounts) Rules, 2014, namely:- (1) These rules may be called the Companies (Accounts) Second Amendment Rules, 2021. (2) They shall come into force with effect from the 1st day of April, 2021. 2. In the Companies (Accounts) Rules, 2014, in proviso to sub-rule (...

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RBI/2020-21/118 CO.DPSS.POLC.No.S34/02-14-003/2020-2021 March 31, 2021 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks, including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Payments Banks / Small Finance Banks / Local Area Banks / Card Payment Networks / Non-bank Prepaid Payment ...

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RBI/2020-21/117 CO.DPSS.POLC.No.S33/02-14-008/2020-2021 March 31, 2021 All Payment System Providers and Payment System Participants Madam / Dear Sir, Guidelines on Regulation of Payment Aggregators and Payment Gateways We invite a reference to ourcircular DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020(as updated from time to time) and the clarification dated September 17, 2020 issued on the subject (Annex). Accordingly, neither the authorised Payment Aggregators (PAs) ...

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RBI/2020-21/116 A.P. (DIR Series) Circular No. 14 March 31, 2021 To, All Authorized Persons Madam / Sir Investment by Foreign Portfolio Investors (FPI): Investment limits Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 1 to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified videNotification No. FEMA.396/2019-RB dated October ...

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G.S.R. 223(E).—In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Government, on the recommendations of the Council, hereby makes the following amendments in notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 89/2020 – Central Tax, dated the 29th November, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), vide number G.S.R. 745(E), d...

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