‘Voluntary Retention Route’ (VRR) for Foreign Portfolio Investors (FPIs) investment in debt – relaxations
Posted Date : 24-Jan-2020 , 09:51:34 am | Posted By: CASANSAAR
RBI/2019-20/151
A.P. (DIR Series) Circular No.19
January 23, 2020
To
All Authorised persons
Madam / Sir,
‘Voluntary Retention Route’ (VRR) for Foreign Portfolio Investors (FPIs) investment in debt – relaxations
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified videNotification No. FEMA. 396/2019-RB dated October 17, 2019, as amended from time to time,...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 861
|
 |
Investment by Foreign Portfolio Investors (FPI) in Debt
Posted Date : 24-Jan-2020 , 09:50:36 am | Posted By: CASANSAAR
RBI/2019-20/150
A.P. (DIR Series) Circular No.18
January 23, 2020
To
All Authorised persons
Madam / Sir,
Investment by Foreign Portfolio Investors (FPI) in Debt
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified videNotification No. FEMA. 396/2019-RB dated October 17, 2019, as amended from time to time, and the relevant directions issued thereunder. A reference is also invi...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1241
|
 |
Implementation of Section 51A of Unlawful Activities Prevention Act (UAPA), 1967- Updates to ISIL (Da'esh) & Al-Qaida Sanctions List
Posted Date : 23-Jan-2020 , 09:40:44 am | Posted By: CASANSAAR
RBI/2019-20/149
DOR.AML.BC. No. 29/14.06.001/2019-20
January 22, 2020
The Chairpersons/ CEOs of all the Regulated Entities
Madam/Dear Sir,
Implementation of Section 51A of Unlawful Activities Prevention Act (UAPA), 1967- Updates to ISIL (Da'esh) & Al-Qaida Sanctions List
Please refer to Section 51 of ourMaster Direction on Know Your Customer dated February 25, 2016 as amended on January 09, 2020, in terms of which “Regulated Entities (REs) shall ensure that in t...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1091
|
 |
Lending against security of single product – Gold jewellery
Posted Date : 22-Jan-2020 , 09:43:02 am | Posted By: CASANSAAR
RBI/2019-20/148
DOR.NBFC (PD).CC.No.108/03.10.001/2019-20
January 21, 2020
All Non-Banking Financial Companies (excluding Primary Dealers)
Madam/Sir,
Lending against security of single product – Gold jewellery
Please refer to paragraph 27 ofMaster Direction – Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016; and paragraph 27 ofMaster Direction – Non-Banking Fina...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 955
|
 |
Setting up of IFSC Banking Units (IBUs) – Permissible activities
Posted Date : 22-Jan-2020 , 09:41:41 am | Posted By: CASANSAAR
RBI/2019-20/147
DOR.IBD.BC.No.28/23.13.004/2019-20
January 21, 2020
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Dear Sir/Madam
Setting up of IFSC Banking Units (IBUs) – Permissible activities
Please refer to RBIcircular DBR.IBD.BC.14570/23.13.004/2014-15 dated April 01, 2015, as modified from time to time, setting out RBI directions relating to IFSC Banking Units (IBUs).
2. The Task Force (TF) on Offshore Rupee Markets chaired by Smt. Usha Thorat...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 987
|
 |
Introduction of Rupee derivatives at International Financial Services Centres (IFSC)
Posted Date : 21-Jan-2020 , 07:58:15 am | Posted By: CASANSAAR
RBI/2019-20/145
A.P. (DIR Series) Circular No.17
January 20, 2020
All Authorised Dealers
Madam / Sir,
Introduction of Rupee derivatives at International Financial Services Centres (IFSC)
Attention of Authorised Dealers is invited to the Foreign Exchange Management (International Financial Services Centre) Regulations, 2015 (Notification No. FEMA. 339/2015-RB dated 2nd March, 2015).
2. As announced in thestatement on Developmental and Regulatory Policies dated October 4, 2019, ...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 1240
|
 |
Reporting of Large Exposures to Central Repository of Information on Large Credits (CRILC) – UCBs
Posted Date : 16-Jan-2020 , 08:53:25 pm | Posted By: CASANSAAR
RBI/2019-20/144
DoS.OSMOS.No.4633/33.05.018/2019-20
January 16, 2020
Primary (Urban) Co-operative Banks
Dear Sir / Madam
Reporting of Large Exposures to Central Repository of Information on Large Credits (CRILC) – UCBs
We draw your attention to RBICircular DOR (PCB). BPD.Cir.No.7/13.05.000/2019-20 dated December 27, 2019on "Reporting of Large Exposures to Central Repository of Information on Large Credits (CRILC) - UCBs". In terms of the instructions, Primary (Urb...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1092
|
 |
Hedging of Commodity Price Risk and Freight Risk in Overseas Markets (Reserve Bank) Directions, 2018 - Amendment
Posted Date : 15-Jan-2020 , 10:11:30 pm | Posted By: CASANSAAR
RBI/2019-20/143
A.P. (DIR Series) Circular No. 16
January 15, 2020
All Authorised Dealer Category – I Banks
Madam / Sir,
Hedging of Commodity Price Risk and Freight Risk in Overseas Markets (Reserve Bank) Directions, 2018 - Amendment
Please refer to Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 (Notification No. FEMA 25/RB-2000 dated May 3, 2000), as amended from time to time, and Hedging of Commodity Price Risk and Freight Risk in Ov...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 1427
|
 |
Enhancing Security of Card Transactions
Posted Date : 15-Jan-2020 , 05:58:41 pm | Posted By: CASANSAAR
RBI/2019-20/142
DPSS.CO.PD No.1343/02.14.003/2019-20
January 15, 2020
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks (SCBs) including Regional Rural Banks (RRBs) /
Urban Co-operative Banks (UCBs) / State Co-operative Banks (StCBs) /
District Central Co-operative Banks (DCCBs) / Payments Banks (PBs) /
Small Finance Banks (SFBs) / Local Area Banks (LABs) /
Authorised Card Payment Networks / Non-Bank PPI issuers
Madam / Dear Sir,
Enhancin...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1381
|
 |
Appointment of Revisional Authority | CGST Act, 2017 | Section 108
Posted Date : 14-Jan-2020 , 01:17:51 pm | Posted By: CASANSAAR
G.S.R.....(E).– In pursuance of the provisions of section 5 read with clause (99) of section 2 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Central Board of Indirect Taxes and Customs hereby authorises -...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1313
|
 |
Extention of due date to file GSTR1 returns without late fees
Posted Date : 11-Jan-2020 , 11:40:27 am | Posted By: CASANSAAR
G.S.R.....(E),– In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance, Department of Revenue No. 4/2018– Central Tax, dated the 23rd January, 2018, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub- section (i) vide number ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1262
|
 |
Framework for imposing monetary penalty on authorised payment system operators / banks under the Payment and Settlement Systems Act, 2007
Posted Date : 11-Jan-2020 , 09:48:30 am | Posted By: CASANSAAR
RBI/2019-20/140
DPSS.CO.OD.No.1328/06.08.005/2019-20
January 10, 2020
The Chairman / Managing Director / Chief Executive Officer
Authorised Payment System Operators / Banks
Madam / Dear Sir
Framework for imposing monetary penalty on authorised payment system
operators / banks under the Payment and Settlement Systems Act, 2007
Please refer to the Reserve Bank of India (RBI)circular DPSS.CO.OD.No.1082/06.08.005/2016-17 dated October 20, 2016advising the framework for impositi...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1198
|
 |
Processing of e-mandate in Unified Payments Interface (UPI) for recurring transactions
Posted Date : 10-Jan-2020 , 03:14:35 pm | Posted By: CASANSAAR
RBI/2019-20/139
DPSS.CO.PD No.1324/02.23.001/2019-20
January 10, 2020
The Managing Director & CEO
National Payments Corporation of India
The Capital, Unit No 1001A, B Wing
10th Floor, Plot No C- 70
G Block, Bandra Kurla Complex
Bandra (E)
Mumbai – 400051
Dear Sir
Processing of e-mandate in Unified Payments Interface (UPI) for recurring transactions
Please refer to ourcircular DPSS.CO.PD.No.447/02.14.003/2019-20 dated August 21, 2019on “Processing of e-ma...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1075
|
 |
Amendment to Master Direction (MD) on KYC
Posted Date : 09-Jan-2020 , 05:59:38 pm | Posted By: CASANSAAR
RBI/2019-20/138
DOR.AML.BC.No.27/14.01.001/2019-20
January 9, 2020
The Chairpersons/ CEOs of all the Regulated Entities
Dear Sir/Madam,
Amendment to Master Direction (MD) on KYC
Government of India, vide Gazette Notification G.S.R. 582(E) dated August 19, 2019 and Gazette Notification G.S.R. 840(E) dated November 13, 2019, has notified amendment to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005. Further, with a view to leveraging the digital channels fo...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1172
|
 |
CBDT Amends rule 10DA and rule 10DB of Income Tax Rules
Posted Date : 09-Jan-2020 , 10:01:00 am | Posted By: CASANSAAR
G.S.R. 14(E).—In exercise of the powers conferred by sub-section (1) and sub-section (4) of section 92D and sub-section (8) of section 286 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: -
...
Continue Reading...
Category :
CBDT |
Comments :
0 | Hits : 1040
|
 |
Risk Management and Inter-bank Dealings- Permitting AD Cat-I banks to voluntarily undertake user and Inter-Bank transactions beyond onshore market hours
Posted Date : 07-Jan-2020 , 08:53:50 am | Posted By: CASANSAAR
RBI/2019-20/136
A.P. (DIR Series) Circular No. 15
January 6, 2020
All Authorised Dealers Category-I
Madam/Sir,
Risk Management and Inter-bank Dealings- Permitting AD Cat-I banks to voluntarily undertake user and Inter-Bank transactions beyond onshore market hours
Attention of Authorised Dealers (ADs) is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 notified videNotification No. FEMA.25/RB-2000 dated May 3, 2000) issued under ...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 1130
|
 |
Supervisory Action Framework for Primary (Urban) Co-operative Banks (UCBs)
Posted Date : 06-Jan-2020 , 05:17:54 pm | Posted By: CASANSAAR
RBI/2019-20/135
DOR (PCB).BPD. Cir No. 9/12.05.001/2019-20
January 6, 2020
The Chief Executive Officer
All Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Supervisory Action Framework for Primary (Urban) Co-operative Banks (UCBs)
Please refer to ourcircular UBD.BPD.(PCB). Cir No. 3/12.05.001/2014-15 dated November 27, 2014on the captioned subject containing the Supervisory Action Framework (SAF) for UCBs. Keeping in view the experience gained, it has been decided to fur...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1055
|
 |
CBDT notifies ITR-1 and ITR-4 for Assessment year 2020-21
Posted Date : 06-Jan-2020 , 09:19:08 am | Posted By: CASANSAAR
G.S.R. 9(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...
Continue Reading...
Category :
CBDT |
Comments :
0 | Hits : 1572
|
 |
Exim Bank's Government of India supported Line of Credit (LOC) of USD 75 million to Banco Exterior De Cuba
Posted Date : 02-Jan-2020 , 06:45:32 pm | Posted By: CASANSAAR
RBI/2019-20/134
A.P. (DIR Series) Circular No. 14
January 01, 2020
All Category – I Authorised Dealer Banks
Madam/Sir
Exim Bank's Government of India supported Line of Credit (LOC) of
USD 75 million to Banco Exterior De Cuba
Export-Import Bank of India (Exim Bank) has entered into an agreement dated July 16, 2019 with Banco Exterior De Cuba (nominated agency of the Government of C...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1060
|
 |
CBIC amends transition plan for UTs of J&K and Ladakh
Posted Date : 02-Jan-2020 , 11:50:07 am | Posted By: CASANSAAR
G.S.R......(E). -In exercise of the powers conferred by section 148 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 the notification of the Government of India in the Ministry of Finance, Department of Revenue No. 62/2019–Central Tax, dated the 26th November, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i) vide number G.S.R. 879(E), dated ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1020
|
 |
CBIC prescribes schema for e-invoices under GST
Posted Date : 02-Jan-2020 , 11:48:41 am | Posted By: CASANSAAR
G.S.R……(E). - In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:-...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1017
|
 |
CBIC notifies Sections of CGST Act 2017 Applicable from 01.01.2020
Posted Date : 02-Jan-2020 , 11:47:27 am | Posted By: CASANSAAR
G.S.R. .....(E).— In exercise of the powers conferred by sub-section (2) of section 1 of the Finance (No. 2) Act, 2019 (23 of 2019), the Central Government hereby...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1037
|
 |
Section 17A of IGST Act 2017 Applicable from 01st January, 2020
Posted Date : 02-Jan-2020 , 11:35:37 am | Posted By: CASANSAAR
G.S.R. .....(E).— In exercise of the powers conferred by sub-section (2) of section 1 of the Finance (No. 2) Act, 2019 (23 of 2019), the Central Government hereby...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 935
|
 |
Financial Benchmark Administrators (Reserve Bank) Directions, 2019
Posted Date : 02-Jan-2020 , 09:21:17 am | Posted By: CASANSAAR
RBI/2019-20/133
FMRD.FMSD.22/03.07.035/2019-20
January 01, 2020
To
All the Financial Benchmark Administrators
Dear Sir/Madam
Financial Benchmark Administrators (Reserve Bank) Directions, 2019
Please refer to theFinancial Benchmark Administrators (Reserve Bank) Directions, 2019, dated June 26, 2019.
2. As provided in paragraph 3(i) of the above directions, the Reserve Bank hereby notifies the following benchmarks administered by Financial Benchmarks India Pvt. Ltd. (FBIL) as...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 859
|
 |
Reporting of OTC Currency Derivative transactions to trade repository
Posted Date : 02-Jan-2020 , 09:20:28 am | Posted By: CASANSAAR
RBI/2019-20/132
FMRD.FMID No.23/02.05.002/2019-20
January 01, 2020
All Category-I Authorised Dealer Banks
Madam/Sir,
Reporting of OTC Currency Derivative transactions to trade repository
Please refer to ourcircular FMD.MSRG.No.94/02.05.002/2013-14 dated December 04, 2013on the captioned subject, wherein a threshold of USD 1 million, and equivalent thereof in other currencies, was stipulated for reporting client transactions in currency derivatives (currency swaps and FCY FRA/IRS)...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 832
|
 |
Clarifications in respect of prescribed electronic modes under section 269SU of the Income-tax Act
Posted Date : 02-Jan-2020 , 09:13:18 am | Posted By: CASANSAAR
Clarifications in respect of prescribed electronic modes under section 269SU of the Income-tax Act, 1961 - reg....
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 950
|
 |
Reverse Charge Mechanism (RCM) on renting of motor vehides – req.
Posted Date : 01-Jan-2020 , 12:13:37 pm | Posted By: CASANSAAR
Suppliers of service by way of renting of any motor vehicle designed to carry passengers where the cost of fuel is included in the consideration charged from the service recipient have an option to pay GST either at 5% with limited ITC (of input services in the same line of business) or 12% with full ITC....
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1022
|
 |
IGST: New service under reverse charge mechanism
Posted Date : 01-Jan-2020 , 12:11:05 pm | Posted By: CASANSAAR
GSR......(E).- In exercise of the powers conferred by sub-section (3) of section 5 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.10/2017- Integrated Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1183
|
 |
IGST exemption on certain services | 38th GST Council meeting
Posted Date : 01-Jan-2020 , 12:09:01 pm | Posted By: CASANSAAR
G.S.R......(E).- In exercise of the powers conferred by sub-section (3) and sub-section (4) of section 5, sub-section (1) of section 6 and clause (xxv) of section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), read with sub-section (5) of section 15 and section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes th...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1080
|
 |
New service under reverse charge mechanism | 38th GST Council meeting
Posted Date : 01-Jan-2020 , 12:06:45 pm | Posted By: CASANSAAR
GSR......(E).- In exercise of the powers conferred by sub-section (3) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.13/2017- Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1079
|
 |
|
|