Licensing as Authorised Dealer- Category II - RBI
Posted Date : 17-Apr-2019 , 10:04:53 am | Posted By: CASANSAAR
RBI/2018-19/170
DNBR (PD) CC.No.098/03.10.001/2018-19
April 16, 2019
To
All Systemically Important Non-Deposit taking Non-Banking Financial Company – Investment and Credit Companies
Madam/Sir,
Licensing as Authorised Dealer- Category II
A large segment of population is increasingly getting connected with forex transactions on individual accounts. In order to increase the accessibility...
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RBI |
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CBDT notifies detailed format of Salary Certificate Form No. 16 and Form No. 24Q
Posted Date : 17-Apr-2019 , 09:58:05 am | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 12th April, 2019
G.S.R. 304(E).—In exercise of powers conferred by sections 200 and 203 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 the Income-tax Rules, 1962, namely:—
1. Short title and commencement
(1) These rules may be called theIncome-tax (3rd Amendment) Rules,...
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CBDT |
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Insolvency Professionals to pay 0.25% of professional fee to IBBI
Posted Date : 16-Apr-2019 , 11:01:31 am | Posted By: CASANSAAR
Insolvency and Bankruptcy Board of India
7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001
CIRCULAR
No. IBBI/IP/020/2019 Dated: 12th April, 2019
To
All Registered Insolvency Professionals
All Recognized Insolvency Professional Entities
(By mail to registered email addresses and on website of the IBBI)
Subject: Compliance with regulations 7 (2) (ca) and 13 (2) (ca) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016.
...
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Corporate Laws |
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MCA Extends due date of filing DPT 3
Posted Date : 12-Apr-2019 , 08:56:33 pm | Posted By: CASANSAAR
As per Rule 16A(3) of the Companies (Acceptance of deposit) Rules, 2014 "every company other than Government company shall file a onetime return of outstanding receipt of money or loan by a company but not considered as deposits, in terms of clause (c) of sub-rule 1 of rule 2 from the 01 51 April, 2014 to the date of publication of the notification in the Official Gazette, as specified in Form 0 PT-3 within ninetij days from the date of said publication of this notification along with the f...
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Corporate Laws |
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Opening of Foreign Currency Accounts by Re-insurance and Composite Insurance brokers
Posted Date : 12-Apr-2019 , 10:34:10 am | Posted By: CASANSAAR
RBI/2018-19/167
A.P. (DIR Series) Circular No.29
April 11, 2019
To
All Category - I Authorised Dealers and Authorised Banks
Madam/Sir
Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 - Opening of Foreign Currency Accounts by Re-insurance and Composite Insurance brokers
Attention of Authorised Dealers (ADs) is invited to the Foreign Exch...
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FEMA |
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Due date for Monthly GSTR 7 of March 2019 extended to 12-04-2019
Posted Date : 11-Apr-2019 , 10:37:14 am | Posted By: CASANSAAR
G.S.R. .....(E).—In exercise of the powers conferred by sub-section (6) of section 39 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Commissioner hereby extends the time limit for furnishing the return by a registered person required to deduct tax at source under the provisions of section 51 of the said Act in FORM GSTR-7 of the Central Goods and Services Tax Rules, 2017 under sub-section (3) of section 39 o...
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GST |
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Due date for Monthly GSTR 1 of March 2019 extended to 13-04-2019
Posted Date : 11-Apr-2019 , 10:35:46 am | Posted By: CASANSAAR
G.S.R.....(E).– In exercise of the powers conferred by the second proviso to sub-section (1) of section 37 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Commissioner, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 44/2018- Central Tax, dated the 10th September, 2018, published in the Gazette of India, Extraordinary, P...
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GST |
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CBDT extends due date for furnishing of report u/s 286(4) of the Income-tax act,1961
Posted Date : 10-Apr-2019 , 10:12:34 am | Posted By: CASANSAAR
Vide Notification in GSR 1217 (E) dated December 18, 2018, sub-rule (4) of Rule 10DB of the Income-tax Rules, 1962 (the Rules) was amended with effect from December 18, 2018; to provide that the period for furnishing of the report under sub-section (4) of section 286 of the Income-tax Act, 1961 (the Act) by the constituent entity referred to in that sub-section shall be twelve months from the end of the reporting accounting year....
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CBDT |
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Minimum Standards for a Currency Chest
Posted Date : 09-Apr-2019 , 09:05:24 am | Posted By: CASANSAAR
RBI/2018-19/166
DCM (CC) No.2482/03.39.01/2018-19
April 08, 2019
Chairman/Managing Director/
Chief Executive Director
All banks
Madam/Sir,
Minimum Standards for a Currency Chest
As stated in para 15 of themonetary policy statement dated October 04, 2016, the Bank had constituted a Committee on Currency Movement (CCM) [Chair: Shri D.K. Mohanty, Executive Director]. The Committee, inter-alia, recommended that the Reserve Bank should encourage banks to open large Currency Chests (...
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RBI |
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CBDT has notified ITR (Income-tax return) forms for AY 2019-20
Posted Date : 05-Apr-2019 , 06:57:13 am | Posted By: CASANSAAR
G.S.R. 279(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 the Income-tax Rules, 1962, namely:-
1. Short title and commencement.__ (1) These rules may be called the Income-tax (Second Amendment) Rules, 2019.
(2) They shall come into force with effect from the 1st day of April, 2019....
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CBDT |
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Assignment of Lead Bank Responsibility - RBI
Posted Date : 01-Apr-2019 , 06:12:22 pm | Posted By: CASANSAAR
RBI/2018-19/158
FIDD.CO.LBS.BC.No.17/02.08.001/2018-19
April 1, 2019
The Chairmen & Managing Directors/Chief Executive Officers
All Lead Banks
Madam/ Dear Sir,
Assignment of Lead Bank Responsibility
Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda has been notified vide Gazette of India Notification G.S.R. 2(E) dated January 2, 2019. The Notification called the ‘Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda Scheme, 2019’ has come into...
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RBI |
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Disclosure in the "Notes to Accounts" to the Financial Statements - Divergence in the asset classification and provisioning
Posted Date : 01-Apr-2019 , 06:11:37 pm | Posted By: CASANSAAR
RBI/2018-19/157
DBR.BP.BC.No.32/21.04.018/2018-19
April 1, 2019
All Commercial Banks
(Excluding Regional Rural Banks)
Madam / Dear Sir,
Disclosure in the "Notes to Accounts" to the Financial Statements - Divergence in the asset classification and provisioning
Please refer to ourcircular DBR.BP.BC.No.63/21.04.018/2016-17 dated April 18, 2017, on the captioned subject, requiring discl...
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RBI |
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Large Exposures Framework (LEF) - RBI
Posted Date : 01-Apr-2019 , 06:10:52 pm | Posted By: CASANSAAR
RBI/2018-19/156
DBR.No.BP.BC.31/21.01.003/2018-19
April 1, 2019
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Madam/Dear Sir,
Large Exposures Framework (LEF)
Please refer to thecircular DBR.No.BP.BC.43/21.01.003/2016-17 dated December 01, 2016on the subject. After due consideration of the representations received from stakeholders, it has been decided as under:
Non-centrally cleared derivatives exposures will be outside the purview of exposure limits t...
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RBI |
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Opening of NRO Accounts by Long Term Visa (LTV) holders, changes related to Special Non-Resident Rupee (SNRR) Account and Escrow Account
Posted Date : 29-Mar-2019 , 12:31:27 pm | Posted By: CASANSAAR
RBI/2018-19/155
A.P.(DIR Series) Circular No.28
March 28, 2019
To
All Category - I Authorised Dealers and Authorised Banks
Sir / Madam
Foreign Exchange Management (Deposit) Regulations, 2016 - Opening of NRO Accounts by Long Term Visa (LTV) holders, changes related to Special Non-Resident Rupee (SNRR) Account and Escrow Account
Attention of Authorised Dealers (ADs) is invited to the Foreign Exchange Management (Deposit) Regulations, 2016 notified videNotification No. FEMA 5(R)...
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FEMA |
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Establishment of Branch Office (BO) / Liaison Office (LO) / Project Office (PO) or any other place of business in India by foreign entities
Posted Date : 29-Mar-2019 , 12:30:53 pm | Posted By: CASANSAAR
RBI/2018-19/154
A.P. (DIR Series) Circular No. 27
March 28, 2019
To,
All Category - I Authorized Dealer Banks
Madam / Sir
Establishment of Branch Office (BO) / Liaison Office (LO) / Project Office (PO) or any other place of business in India by foreign entities
Attention of the Authorised Dealer (AD - Category I) banks is invited to the Foreign Exchange Management (Establishment in India of a Branch Office or a Liaison Office or a Project Office or any Other Place of Business)...
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FEMA |
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Special Clearing operations on March 30 and 31, 2019 - RBI
Posted Date : 29-Mar-2019 , 12:29:44 pm | Posted By: CASANSAAR
RBI/2018-19/153
DPSS.CO.RPPD.No./2089/03.01.03/2018-19
March 28, 2019
The Chairman and 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 / Local Area Banks
Madam / Dear Sir,
Special Clearing operations on March 30 and 31, 2019
A reference is invited to the circular issued by Department of Government and Bank Accounts (DGBA.GBD.No.2...
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RBI |
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GST ITC 04 filing date extended to 30th June 19 for the period July 17 to March 19
Posted Date : 28-Mar-2019 , 09:50:12 pm | Posted By: CASANSAAR
G.S.R… (E). - In pursuance of section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) and sub-rule (3) of rule 45 of the Central Goods and Services Tax Rules, 2017 (hereinafter referred to as the said rules), and in supercession of the notification of the Government of India in the Ministry of Finance, Department of Revenue No. 78/2018- Central Tax, dated the 31st December 2018, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide num...
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GST |
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CBIC clarify verification for grant of new registration under GST
Posted Date : 28-Mar-2019 , 09:47:47 pm | Posted By: CASANSAAR
Doubts have been raised whether sub-section (3) of section 18 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as „CGST Act‟) provides for transfer of input tax credit which remains unutilized to the transferee in case of death of the sole proprietor. As per sub-rule (1) of rule 41 of the Central Goods and Services Rules, 2017 (hereinafter referred to as „CGST Rules‟), the registered person (transferor of business) can file FORM GST ITC-02 electronically o...
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GST |
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CBIC clarify issues in respect of transfer of input tax credit in case of death of sole proprietor
Posted Date : 28-Mar-2019 , 09:45:55 pm | Posted By: CASANSAAR
Doubts have been raised whether sub-section (3) of section 18 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as „CGST Act‟) provides for transfer of input tax credit which remains unutilized to the transferee in case of death of the sole proprietor. As per sub-rule (1) of rule 41 of the Central Goods and Services Rules, 2017 (hereinafter referred to as „CGST Rules‟), the registered person (transferor of business) can file FORM GST ITC-02 electronically o...
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GST |
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CBIC Clarify certain refund related issues under GST
Posted Date : 28-Mar-2019 , 09:41:01 pm | Posted By: CASANSAAR
Various representations have been received seeking clarifications on certain issues relating to refund. In order to clarify these issues and to ensure uniformity in the implementation of the provisions of law across the field formations, the Board, in exercise of its powers conferred by section 168 (1) of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as “CGST Act”), hereby clarifies the issues as detailed hereunder:...
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GST |
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Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework
Posted Date : 28-Mar-2019 , 08:49:42 am | Posted By: CASANSAAR
RBI/2018-19/152
A.P. (DIR Series) Circular No. 26
March 27, 2019
To,
All Authorised Persons
Madam / Sir
Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017 notified videNotification No. FEMA.20(R)/2017-RB dated November 07, 2017,...
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FEMA |
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Non-resident Participation in Rupee Interest Rate Derivatives Markets (Reserve Bank) Directions, 2019
Posted Date : 28-Mar-2019 , 08:48:30 am | Posted By: CASANSAAR
RBI/2018-19/151
FMRD.DIRD.13/14.03.041/2018-19
March 27, 2019
To
All participants in rupee interest rate derivative markets
Dear Sir/Madam
Non-resident Participation in Rupee Interest Rate Derivatives Markets (Reserve Bank) Directions, 2019
Please refer to theBi-monthly Monetary Policy Statement in April 2018wherein it was announced that non-residents shall be given access to the Rupee Inte...
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RBI |
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All Agency Banks to remain open for public on March 31, 2019 - RBI
Posted Date : 27-Mar-2019 , 08:28:33 am | Posted By: CASANSAAR
RBI/2018-19/150
DBR.No.Leg.BC.30/09.07.005/2018-19
March 26, 2019
All Agency Banks
Dear Sir/ Madam
All Agency Banks to remain open for public on March 31, 2019 (Sunday)
The Government of India has advised that all Pay and Account Offices will remain open on March 31, 2019 (Sunday) to facilitate government receipt and payment transactions. Accordingly, all Agency Banks are advised to keep all their branches dealing with government business open on March 31, 2019 (Sunday).
2. Ba...
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RBI |
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IGST & compensation cess exemption to EOUs on imports till 31.03.2020
Posted Date : 27-Mar-2019 , 08:27:09 am | Posted By: CASANSAAR
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 the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 52/2003-Customs, dated the 31st March, 2003, published in the Gazette of India, Extraordinary, vide number G.S.R. 274 (E), dated th...
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GST |
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Exemption from IGST & Compensation Cess upto 31.03.2020
Posted Date : 27-Mar-2019 , 08:25:50 am | Posted By: CASANSAAR
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 amendments in each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table below, in the manner as specified in the corresponding entry in column (3) of the said Tabl...
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Category :
GST |
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CBIC revises format of Shipping Bill for Export of Goods
Posted Date : 27-Mar-2019 , 08:22:40 am | Posted By: CASANSAAR
G.S.R……(E).- In exercise of the powers conferred by section 157 read with sections 50 and 60 of the Customs Act, 1962 (52 of 1962), the Board hereby makes the following regulations to amend the Shipping Bill and Bill of Exports (Forms) Regulations, 2017, namely :-
...
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GST |
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RBI defers implementation of Ind AS for Banks
Posted Date : 23-Mar-2019 , 10:03:42 am | Posted By: CASANSAAR
RBI/2018-2019/146
DBR.BP.BC.No.29/21.07.001/2018-19
March 22, 2019
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Madam / Dear Sir,
Deferral of Implementation of Indian Accounting Standards (Ind AS)
Please refer to paragraph 3 of theStatement on Developmental and Regulatory Policiesissued with the First Bi-monthly Monetary Policy 2018-19 on April 5, 2018, wherein the implemen...
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RBI |
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Compilation of R-Returns: Reporting under FETERS
Posted Date : 22-Mar-2019 , 09:33:46 am | Posted By: CASANSAAR
RBI/2018-2019/145
A.P. (DIR Series) Circular No. 25
March 20, 2019
To,
All Authorised Dealers in Foreign Exchange
Madam / Sir,
Compilation of R-Returns: Reporting under FETERS
Attention of Authorised Dealer (Category I) banks is invited toA.P. (DIR Series) Circular No.84 dated February 29, 2012,A.P. (DIR Series) Circular No.15 dated July 28, 2014andA.P (DIR Series) Circular No.50 dated February 11, 2016giving guidelines for compilation of R-Returns for reporting under the Fore...
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Category :
FEMA |
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Export and Import of Indian Currency - RBI
Posted Date : 22-Mar-2019 , 09:32:57 am | Posted By: CASANSAAR
RBI/2018-19/144
A.P. (DIR Series) Circular No. 24
March 20, 2019
To
All Authorised Persons
Madam/Sir,
Export and Import of Indian Currency
Attention of Authorised Persons is invited to Regulation 8 of Foreign Exchange Management (Export and import of currency) Regulations, 2015, in terms of which a person may take or send out of India to Nepal or Bhutan and bring into India from Nepal or Bhutan, currency notes of Government of India and Reserve Bank of India for any amount in ...
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Category :
FEMA |
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Reporting and Accounting of Central Government Transactions of March 2019
Posted Date : 22-Mar-2019 , 09:32:05 am | Posted By: CASANSAAR
RBI/2018-19/143
DGBA.GBD.No.2394/42.01.029/2018-19
March 20, 2019
All Agency Banks
Dear Sir / Madam,
Reporting and Accounting of Central Government Transactions of March 2019
Please refer toCircular DGBA.GBD.No.2324/42.01.029/2017-18 dated March 19, 2018advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBEC, Departmentalised Ministries and Non-Civil Ministries) at the Receiving/Nodal/Focal Point branches of your...
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RBI |
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