Extension of relaxation on the guidelines to NBFCs on securitisation transactions
Posted Date : 01-Jan-2020 , 11:11:59 am | Posted By: CASANSAAR
RBI/2019-20/131
DOR.NBFC (PD) CC.No.107/03.10.001/2019-20
December 31, 2019
All NBFCs
Madam/Sir,
Extension of relaxation on the guidelines to NBFCs on securitisation transactions
Please refer to thecircular DNBR (PD)CC.No.95/03.10.001/2018-19 dated November 29, 2018on “Relaxation on the guidelines to NBFCs on securitisation transactions” and thecircular DNBR (PD)CC.No.100/03.10.001/2018-19 dated May 29, 2019extending the dispensation till December 31, 2019.
2. On a...
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RBI |
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Cyber Security controls for Third party ATM Switch Application Service Providers
Posted Date : 01-Jan-2020 , 11:11:19 am | Posted By: CASANSAAR
RBI/2019-20/130
DoS.CO/CSITE/BC.4084/31.01.015/2019-20
December 31, 2019
To
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks (excluding Regional Rural Banks)
All Small Finance Banks and Payments Banks
All Primary (Urban) Co-operative Banks
All Local Area Banks and White-Label ATM Operators
Madam/Dear Sir,
Cyber Security controls for Third party ATM Switch Application Service Providers
Please refer to para I (8) of the Statement on Dev...
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RBI |
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Constitution of Board of Management (BoM) in Primary (Urban) Co-operative Banks (UCBs)
Posted Date : 01-Jan-2020 , 11:10:34 am | Posted By: CASANSAAR
RBI/2019-20/128
DoR (PCB).BPD.Cir.No.8/12.05.002/2019-20
December 31, 2019
The Chief Executive Officers of
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Constitution of Board of Management (BoM) in Primary (Urban) Co-operative Banks (UCBs)
Reserve Bank of India had releaseddraft guidelineson constituting BoM in UCBs on June 25, 2018 inviting comments from banks and other stakeholders. Taking into consideration the responses received, it has been decided to issue the g...
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RBI |
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Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) – A Graded Approach
Posted Date : 01-Jan-2020 , 11:09:42 am | Posted By: CASANSAAR
RBI/2019-20/129
DoS.CO/CSITE/BC.4083/31.01.052/2019-20
December 31, 2019
To
The Chairman/Managing Director/Chief Executive Officer
All Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) – A Graded Approach
Please refer to para I (3) of the Statement on Developmental and Regulatory policies of th...
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RBI |
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Extension of last date of filing of CRA-4 (cost audit report) for FY 2018-19
Posted Date : 31-Dec-2019 , 08:38:08 am | Posted By: CASANSAAR
Relaxation of additional fees and extenslon of last date of filing of CRA-4 (cost audit reportl for FY 2018-19 under the Companies Act, 2O13 - reg....
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Corporate Laws |
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Enhancing facilitation of National Electronic Toll Collection (NETC) system
Posted Date : 30-Dec-2019 , 06:03:01 pm | Posted By: CASANSAAR
RBI/2019-20/126
DPSS.CO.PD No.1227/02.31.001/2019-20
December 30, 2019
The Chairman / Managing Director / Chief Executive Officer
Members of National Electronic Toll Collection (NETC) System /
Authorised Payment System Participants / Operators
Madam / Dear Sir,
Enhancing facilitation of National Electronic Toll Collection (NETC) system
India is progressing ahead with NETC gaining large scale acceptance. Currently, the NETC system allows linking of FASTags with bank accounts...
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RBI |
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Reporting of Large Exposures to Central Repository of Information on Large Credits (CRILC) - UCBs
Posted Date : 28-Dec-2019 , 09:36:27 am | Posted By: CASANSAAR
RBI/2019-20/125
DOR (PCB).BPD.Cir.No.7/13.05.000/2019-20
December 27, 2019
The Chief Executive Officer
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Reporting of Large Exposures to Central Repository of Information on Large Credits (CRILC) - UCBs
Please refer to paragraph 2 of the Statement on Developmental and Regulatory Policies dated December 5, 2019 on ‘Primary (Urban) Co-operative Banks - Reporting to Central Repository of Information on Large Credits (CRIL...
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RBI |
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Form GSTR 7 date extended for Assam, Manipur and Tripura
Posted Date : 27-Dec-2019 , 04:01:06 pm | 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) (hereafter in this notification referred to as the said Act), the Commissioner hereby makes the following further amendment in notification of the Government of India in the Ministry of Finance (Department of Revenue), No.26/2019 – Central Tax, dated the 28th June, 2019, published in the Gazette of India, Extraordinary,...
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GST |
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Form GSTR 3B date extended for Assam, Manipur and Tripura
Posted Date : 27-Dec-2019 , 03:59:50 pm | Posted By: CASANSAAR
G.S.R.....(E).–In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with sub-rule (5) of rule 61 of the Central Goods and Services Tax Rules, 2017 (hereafter in this notification referred to as the said rules), the Commissioner, on the recommendations of the Council, hereby makes the following further amendment in notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 44/2019 – Ce...
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GST |
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Form GSTR 1 Date extended for Nov 19 for Assam, Manipur & Tripura
Posted Date : 27-Dec-2019 , 03:58:34 pm | Posted By: CASANSAAR
G.S.R.....(E).–In exercise of the powers conferred by 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) (hereafter in this notification referred to as the said Act), the Commissioner, on the recommendations of the Council, hereby makes the following further amendment in notification of the Government of India in the Ministry of Finance (Department of Revenue), No.46/2019 – Central Tax, dated the 9 th Oct...
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GST |
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Rule 86A Conditions of use of amount available in electronic credit ledger
Posted Date : 27-Dec-2019 , 03:57:18 pm | 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, on the recommendations of the Council, hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:-...
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GST |
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CBIC waives late fees for non- filing of FORM GSTR-1
Posted Date : 27-Dec-2019 , 03:56:00 pm | 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, Subsection (i) vide number G....
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GST |
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Formation of new Union Territory of Jammu and Kashmir and Union Territory of Ladakh - Assignment of UTLBC Convenorship
Posted Date : 27-Dec-2019 , 10:02:15 am | Posted By: CASANSAAR
RBI/2019-20/124
FIDD.CO.LBS.BC.No.16/02.01.001/2019-20
December 26, 2019
The Chairmen / Managing Directors/ Chief Executive Officers
All SLBC/ UTLBC Convenor Banks
Madam / Dear Sir,
Formation of new Union Territory of Jammu and Kashmir and Union Territory of Ladakh - Assignment of UTLBC Convenorship
As per the Gazette of India Notifications No. 34 of 2019 on ‘The Jammu and Kashmir Reorganization Act, 2019’ and S.O. 2889(E) dated August 9, 2019, the erstwhile Stat...
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RBI |
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SOP to be followed in case of non-filers of GST returns
Posted Date : 25-Dec-2019 , 09:33:52 am | Posted By: CASANSAAR
Doubts have been raised across the field formations in respect of the appropriate procedure to be followed in case of non-furnishing of return under section 39 or section 44 or section 45 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the “CGST Act”). It has further been brought to the notice that divergent practices are being followed in case of non-furnishing of the said returns....
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GST |
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Due date of filing of GSTR-3B extended to 23/12/2019
Posted Date : 25-Dec-2019 , 09:32:08 am | Posted By: CASANSAAR
G.S.R.....(E).–In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with sub-rule (5) of rule 61 of the Central Goods and Services Tax Rules, 2017 (hereafter in this notification referred to as the said rules), the Commissioner, on the recommendations of the Council, hereby makes the following further amendment in notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 44/2019 – Ce...
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GST |
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Introduction of a new type of semi-closed Prepaid Payment Instrument (PPI)
Posted Date : 25-Dec-2019 , 08:25:36 am | Posted By: CASANSAAR
RBI/2019-20/123
DPSS.CO.PD.No.1198/02.14.006/2019-20
December 24, 2019
All Prepaid Payment Instrument Issuers
Madam / Dear Sir,
Introduction of a new type of semi-closed Prepaid Payment Instrument (PPI) –
PPIs upto ₹ 10,000/- with loading only from bank account
Please refer to theStatement on Developmental and Regulatory Policiesissued as part of Monetary Policy Statement dated December 5, 2019 as also the Master Direction on Issuance and Operation of Prepaid Payment Ins...
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RBI |
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Extension of due date for filing of Income-tax Returns/Tax Audit Reports to 31st Jan, 2020
Posted Date : 25-Dec-2019 , 08:20:47 am | Posted By: CASANSAAR
On consideration of reports of disturbances in internet facility in certain areas of Jammu and Kashmir, the Central Board of Direct Taxes (CBDT), in exercise of powers conferred under section 119 of the Income-tax Act, 1961 ('Act') and in partial modification of CBDT's order under section 119 of the Act dated 23.07.2019, 27.09.2019 and 31.10.2019 hereby further extends the 'due-date' for filing of Income-tax Returns/Tax Audit Reports to 31" January. 2020 in respect of al...
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Income Tax |
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Extension of time limit for filing of response to notices issued under section 142(1) under E-assessment Scheme 2019
Posted Date : 25-Dec-2019 , 08:18:16 am | Posted By: CASANSAAR
With a view to provide relief to the taxpayers and tax professionals and to facilitate the compliance with respect to e-Assessment proceedings under Eassessment Scheme,2019, the time limit for filing of response to notices under section 142(1) of the Income-tax Act issued up to 24.12.2019 by the National e-Assessment Centre is extended up to 10.01.2020 or time given in such notices, whichever is later....
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Income Tax |
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CBIC issues format of Summons, Arrest memo, Search Authorisation
Posted Date : 24-Dec-2019 , 09:55:54 am | Posted By: CASANSAAR
Generation and quoting of Document Identification Number (DIN) on any communication issued by the officers of the Central Board of Indirect Taxes and Customs (CBIC) to tax payers and other concerned persons —...
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GST |
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Peer to Peer Lending Platform (Reserve Bank) Directions, 2017
Posted Date : 24-Dec-2019 , 07:54:38 am | Posted By: CASANSAAR
RBI/2019-20/121
DOR.NBFC(PD) CC.No.106/03.10.124/2019-20
December 23, 2019
All Non-Banking Financial Company – Peer to Peer Lending Platforms
Madam/Sir,
Review of Master Directions - Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017
Please refer to paragraphs 7 and 9 ofMaster Directions - Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017, dated October 04, 2017.
2. On a re...
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RBI |
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Setting up of IFSC Banking Units (IBUs) – Permissible activities
Posted Date : 24-Dec-2019 , 07:54:01 am | Posted By: CASANSAAR
RBI/2019-20/122
DOR.IBD.BC.26/23.13.004/2019-20
December 23, 2019
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Dear Sir/Madam
Setting up of IFSC Banking Units (IBUs) – Permissible activities
Please refer toRBI circular 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). We have received a few suggestions and queries from the stakeholders regarding operat...
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RBI |
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Notification of Special Courts in state of Uttarakhand and Union Territories of Jammu & Kashmir and Ladakh
Posted Date : 23-Dec-2019 , 01:58:28 pm | Posted By: CASANSAAR
In exercise of the powers conferred by sub-section (1) of section 435 of the Companies Act, 2013 (18 of 2013), the Central Government, with the concurrence of the Chief Justice of the High Court of Jammu and Kashmir, hereby makes the following amendments in the notification of the Government of India, Ministry of Corporate Affairs, number S.O. 1796(E), dated, the 18th May, 2016, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), namely:-
...
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Corporate Laws |
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Exim Bank's Government of India supported Line of Credit (LOC) of USD 23 million to the Republic of Zimbabwe
Posted Date : 20-Dec-2019 , 10:03:50 am | Posted By: CASANSAAR
RBI/2019-20/119
A.P. (DIR Series) Circular No. 13
December 19, 2019
All Category – I Authorised Dealer Banks
Madam/Sir
Exim Bank's Government of India supported Line of Credit (LOC) of
USD 23 million to the Republic of Zimbabwe
Export-Import Bank of India (Exim Bank) has entered into an agreement dated April 04, 2019 with the Republic of Zimbabwe for making available to the latter a Government of India supported Line of Credit (LoC) of USD 23 million (USD Twenty Th...
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RBI |
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Exim Bank's Government of India supported Line of Credit (LOC) of USD 19.5 million to the Republic of Zimbabwe
Posted Date : 20-Dec-2019 , 10:02:16 am | Posted By: CASANSAAR
RBI/2019-20/118
A.P. (DIR Series) Circular No. 12
December 19, 2019
All Category – I Authorised Dealer Banks
Madam/Sir
Exim Bank's Government of India supported Line of Credit (LOC) of
USD 19.5 million to the Republic of Zimbabwe
Export-Import Bank of India (Exim Bank) has entered into an agreement dated April 04, 2019 with the Republic of Zimbabwe for making available to the ...
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RBI |
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CBDT notifies Revised Form No. 10DA – Section 80JJAA Report
Posted Date : 20-Dec-2019 , 09:41:17 am | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 104/2019-Income Tax
New Delhi, the 18th December, 2019
G.S.R. 937(E).—In exercise of the powers conferred by clause (c) of sub-section (2) of section 80JJAA 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 r...
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CBDT |
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Waiver of Interest for TDS deducted under section 194M
Posted Date : 20-Dec-2019 , 07:21:56 am | Posted By: CASANSAAR
Order under section 119(2) of the Income-tax Act, 1961- Extension of the due date of pavment of tax deducted at source under 194M of the Ac...
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CBDT |
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Furthering Digital Payments – Waiver of Charges – National Electronic Funds Transfer (NEFT) System
Posted Date : 17-Dec-2019 , 11:26:16 am | Posted By: CASANSAAR
RBI/2019-20/116
DPSS (CO) RPPD No.1140/04.03.01/2019-20
December 16, 2019
The Chairman / Managing Director / Chief Executive Officer
of member banks participating in NEFT
Madam/Dear Sir,
Furthering Digital Payments – Waiver of Charges –
National Electronic Funds Transfer (NEFT) System
A reference is invited toRBI circulars DPSS CO (EPPD)/98/04.03.01/2012-13 dated July 13, 2012on National Electronic Funds Transfer (NEFT) System - Rationalisation of customer charg...
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RBI |
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CBIC notifies class of registered person required to issue GST invoice having QR Code
Posted Date : 14-Dec-2019 , 10:23:05 am | Posted By: CASANSAAR
G.S.R. …..(E).— In exercise of the powers conferred by the sixth proviso to rule 46 of the Central Goods and Services Tax Rules, 2017 (hereinafter referred to as the said rules), the Government, on the recommendations of the Council, hereby notifies that an invoice issued by a registered person, whose aggregate turnover in a financial year exceeds five hundred crore rupees, to an unregistered person (hereinafter referred to as B2C invoice), shall have Quick Response (QR)code:...
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GST |
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CBIC notifies rule 46 of CGST Rules, 2017 (Tax Invoice) wef 01.04.2020
Posted Date : 14-Dec-2019 , 10:21:22 am | Posted By: CASANSAAR
G.S.R. …..(E).— In exercise of the powers conferred by rule 5 of the Central Goods and Services Tax (Fourth Amendment) Rules, 2019, made vide notification No. 31/2019 – Central Tax...
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GST |
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CBIC notifies Class of registered person required to issue e-invoice under GST
Posted Date : 14-Dec-2019 , 10:16:25 am | Posted By: CASANSAAR
G.S.R. …..(E).— In exercise of the powers conferred by sub-rule (4) to rule 48 of the Central Goods and Services Tax Rules, 2017, the Government, on the recommendations of the Council, hereby notifies registered person, whose aggregate turnover in a financial year exceeds one hundred crore rupees, as a class of registered person who shall prepare invoice in terms of sub-rule (4) of rule 48 of the said rules in respect of supply of goods or services or both to a registered person....
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GST |
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