Levy of foreclosure charges/pre-payment penalty on Floating Rate Loans by NBFC
Posted Date : 02-Aug-2019 , 09:06:58 pm | Posted By: CASANSAAR
RBI/2019-20/30
DNBR (PD) CC.No.101/03.10.001/2019-20
August 02, 2019
All NBFCs
Madam / Dear Sir,
Levy of foreclosure charges/pre-payment penalty on Floating Rate Loans by NBFCs
Please refer to paragraph 30(4) of Chapter VI of Master Direction - Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 and paragr...
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RBI |
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Levy of Foreclosure Charges /Pre-payment Penalty on Floating Rate Term Loans
Posted Date : 02-Aug-2019 , 09:06:18 pm | Posted By: CASANSAAR
RBI/2019-20/29
DBR.Dir.BC.No.08/13.03.00/2019-20
August 02, 2019
All Scheduled Commercial Banks
(Excluding RRBs)
All Small Finance Banks
All Local Area Banks
Dear Sir / Madam
Levy of Foreclosure Charges /Pre-payment Penalty on Floating Rate Term Loans
Please refer to ourcircularsDBOD.No.Dir.BC.107/13.03.00/2011-12dated June 5, 2012andDBOD.Dir.BC.No.110/13.03.00/2013-14 dated May...
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RBI |
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Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission
Posted Date : 02-Aug-2019 , 10:07:17 am | Posted By: CASANSAAR
RBI/2019-20/28
DGBA.GBD.No.250/31.12.010/2019-20
August 1, 2019
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/2018-19/2 dated July 2, 2018on 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 July 31, 2019.
2. A copy of the revisedMaster C...
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RBI |
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MCA - ROC E forms Revised w.e.f. 01.08.2019
Posted Date : 31-Jul-2019 , 12:47:16 pm | Posted By: Lalit Rajput
MCA Update dt. 31.07.2019
Forms Revised w.e.f. 01.08.2019
Form CHG-1,
Form CHG-8 and
Form CHG-9
Form AOC-4 XBRL
Link:
http://www.mca.gov.in/...
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Companies Act |
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External Commercial Borrowings (ECB) Policy – Rationalisation of End-use Provisions
Posted Date : 30-Jul-2019 , 09:53:17 pm | Posted By: CASANSAAR
RBI/2019-20/20
A.P. (DIR Series) Circular No. 04
July 30, 2019
To
All Category-I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowings (ECB) Policy – Rationalisation of End-use Provisions
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraphs 2.1.(v) and 2.1.(viii) ofMaster Direction No.5 dated March 26, 2019on the above subject in terms of which, inter alia, ECB proceeds cannot be utilised for working capital purposes, gener...
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FEMA |
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CBIC extends last date to furnish GST CMP-08 to 31-08-2019
Posted Date : 30-Jul-2019 , 09:42:52 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 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. 21/2019- Central Tax, dated the 23rd April, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R...
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GST |
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DIR-3 KYC due date Extended
Posted Date : 30-Jul-2019 , 09:11:12 am | Posted By: Lalit Rajput
i)eForm DIR-3 KYCis to be filed by an individual who holds DIN and is filing his KYC details for the first time or by the DIN holder who has already filed his KYC once in eform DIR-3 KYC but wants to update his details.
ii)Web service DIR-3-KYC-WEBis to be used by the DIN holder who has submitted DIR-3 KYC eform in the previous financial year and no update is required in his details.
NOTIFICATION
G.S,R. -(E). - In exercise of the powers conferred by the second proviso to sub-section...
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Companies Act |
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FLA Return Update
Posted Date : 30-Jul-2019 , 09:07:36 am | Posted By: Lalit Rajput
“The reporting entity need to take approval from RBI in case of submission of FLA – 2019 after due date July 31, 2019. Procedure: Visithttps://flair.rbi.org.in/fla→ Login → Click Please click here to get the approval to fill FLA form for current year after due date (31/07/2019) / for previous years → select 2019 → Click “Request”.
However, submission of FLA returns for previous years will be activated after September 15, 2019....
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FEMA |
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MCA extends Form BEN-2 date till 30.09.2019
Posted Date : 29-Jul-2019 , 08:41:08 pm | Posted By: CASANSAAR
The Ministry of Corporate Affairs has received several representations regarding extension of the last date for filing of e-Form No.BEN-2 without additional fees on account of Corrrparries (Significant Beneficial Owners) Second Amendment Rules, 2019 notified vicle G.S.R. No. ,M6 (E) dated 01..07.2019. The matter has been examined and it is herebr., informed that the time limit for filing e-form No.BEN-2 is extended upto 30.09.2019 without payment of additional fee and thereafter fee and addition...
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Corporate Laws |
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CBDT extends due date of ITR from 31st July 2019 to 31st August 2019
Posted Date : 23-Jul-2019 , 08:04:20 pm | Posted By: CASANSAAR
F.No. 225/157/2019/ITA.II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
North-Block, ITA-II Division
New Delhi, the 23rdof July, 2019
Order under Section 119 of the Income-tax Act, 1961
The ‘due-date’ for filing income-tax returns for Assessment-Year 2019-20 is 31.07.2019 for certain categories of taxpayers. It has been reported that some of the taxpayers are facing difficulties in filing their income- tax returns due to...
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CBDT |
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GST on monthly subscription/contribution charged by RWA from its members
Posted Date : 23-Jul-2019 , 08:35:13 am | Posted By: CASANSAAR
A number of issues have been raised regarding the GST payable on the amount charged by a Residential Welfare Association for providing services and goods for the common use of its members in a housing society or a residential complex. The same have been examined and are being clarified below.
...
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GST |
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Clarification in respect of goods sent/taken out of India for exhibition or on consignment basis for export promotion
Posted Date : 19-Jul-2019 , 09:33:04 am | Posted By: CASANSAAR
Various representations have been received from the trade and industry regarding procedure to be followed in respect of goods sent / taken out of India for exhibition or on consignment basis for export promotion. Such goods sent / taken out of India crystallise into exports, wholly or partly, only after a gap of certain period from the date they were physically sent / taken out of India....
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GST |
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Clarification on doubts related to supply of Information Technology enabled Services (ITeS services)
Posted Date : 19-Jul-2019 , 09:31:55 am | Posted By: CASANSAAR
Various representations have been received seeking clarification on issues related to supply of Information Technology enabled Services (hereinafter referred to as “ITeS services”) such as call center, business process outsourcing services, etc. and “Intermediaries” to overseas entities under GST law and whether they qualify to be “export of services” or otherwise....
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GST |
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Central Goods and Services Tax (Fifth Amendment) Rules, 2019
Posted Date : 19-Jul-2019 , 09:29:15 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:-...
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GST |
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GST Form CMP-08 due date extended to 31st July 2019
Posted Date : 19-Jul-2019 , 09:26:56 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 Central 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. 21/2019- Central Tax, dated the 23rd April, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 322(E)...
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GST |
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Master Circular on SHG-Bank Linkage Programme
Posted Date : 02-Jul-2019 , 07:47:50 am | Posted By: CASANSAAR
RBI/2019-20/08
FIDD.FID.BC.No.05/12.01.033/2019-20
July 01, 2019
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/instructions on t...
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RBI |
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Master Circular – Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public
Posted Date : 02-Jul-2019 , 07:47:04 am | Posted By: CASANSAAR
RBI/2019-20/07
DCM (CC) No.G-5/03.44.01/2019-20
July 01, 2019
The Chairman & Managing Director
Chief Executive Officers
All Banks
Master Circular – Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public
Please refer to theCircular DCM (CC) No.G-4/03.44.01/2018-19 dated July 3, 2018on the scheme of penalties.
2. A revised and updated version on the subject isannexedfor information and necessary action.
3. Th...
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RBI |
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Master Circular-Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs
Posted Date : 02-Jul-2019 , 07:46:30 am | Posted By: CASANSAAR
RBI/2019-20/6
FIDD.CO.GSSD.BC.No.03/09.09.001/2019-20
July 01, 2019
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.06/09.09.001/2017-18 dated July 01, 2017consolidating guidelines / Instructions / directions issued to banks with regard to providing credit facilities to ...
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RBI |
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Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM)
Posted Date : 02-Jul-2019 , 07:45:20 am | Posted By: CASANSAAR
RBI/2019-20/05
FIDD.GSSD.CO.BC.No.01/09.16.03/2019-20
July 01, 2019
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 theMaster Circular on NULM FIDD.GSSD.CO.BC.No.11/09.16.03/2018-19 dated December 06, 2018containing the instructions / guidelines / directives issued to banks.
2. The Master Circular has been suitably...
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RBI |
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Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Posted Date : 02-Jul-2019 , 07:44:29 am | Posted By: CASANSAAR
RBI/2019-20/04
FIDD.GSSD.CO.BC.No.02/09.01.01/2019-20
July 01, 2019
The Chairman/ Managing Director & CEO
All Scheduled Commercial Banks &
Small Finance Banks
Dear Sir/Madam,
Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Please refer to theMaster Circular FIDD.GSSD.CO.BC.No.05/09.01.01/2018-19 dated July 03, 2018on Deendayal Antyodaya Yojana - National Rural Livelihoods Mission.
TheMaster Circularhas been suitably ...
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RBI |
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Master Circular- Credit Facilities to Minority Communities
Posted Date : 02-Jul-2019 , 07:43:42 am | Posted By: CASANSAAR
RBI/2019-20/03
FIDD.GSSD.BC.No.04/09.10.01/2019-20
July 01, 2019
The Chairman/ Managing Director/ Chief Executive Officer
All Scheduled Commercial Banks & 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.01/09.10.01/2018-19 dated July 02, 2018, containing the instructions / guidelines / directives issued to banks ti...
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RBI |
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Master Circular – Facility for Exchange of Notes and Coins
Posted Date : 02-Jul-2019 , 07:42:56 am | Posted By: CASANSAAR
RBI/2019-20/02
DCM (NE) No. G-2/08.07.18/2019-20
July 01, 2019
The Chairman and Managing Director /
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-2/08.07.18/2018-19 dated July 02, 2018containing instructions on the facility for exchange of notes and coins. A revised version ofMaster Circularon the subject is annexed for your informat...
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RBI |
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Master Circular – Detection and Impounding of Counterfeit Notes
Posted Date : 02-Jul-2019 , 07:42:14 am | Posted By: CASANSAAR
RBI/2019-20/01
DCM (FNVD) G –1/16.01.05/2019-20
July 1, 2019
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 - 1/16.01.05/2018-19 dated July 2, 2018consolidating the instructions issued till July 2, 2018, relating to Detection and Impounding of Counterfeit Notes. TheMaster Circul...
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RBI |
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Revision in Proforma and Reporting of Bank/Banking Outlet (BO) details under the CISBI
Posted Date : 29-Jun-2019 , 09:08:54 am | Posted By: CASANSAAR
RBI/2018-19/228
DBR.No.BAPD.BC.50/22.01.001/2018-19
June 28, 2019
The Chairman and Managing Director/Chief Executive Officer
All Commercial Banks (including Regional Rural Banks, Small Finance Banks,
Payments Banks and, Local Area Banks) and All India Financial Institutions (AIFIs)
Madam/Dear Sir,
Revision in Proforma and Reporting of Bank/Banking Outlet (BO) details under the Central Information System for Banking Infrastructure (CISBI)
Please refer to our circulars (i) Master...
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RBI |
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Permission to acquire financial asset from other Asset Reconstruction Companies (ARCs)
Posted Date : 29-Jun-2019 , 09:08:17 am | Posted By: CASANSAAR
RBI/DNBR/2018-19/227
DNBR.PD (ARC) CC.No.07/26.03.001/2018-19
June 28, 2019
The Chairman/Managing Director/Chief Executive Officer
All registered Asset Reconstruction Companies
Dear Sir/Madam,
Permission to acquire financial asset from other Asset Reconstruction Companies (ARCs)
Please refer toCircular DNBS (PD) CC.No.35/SCRC/26.03.001/2013-2014 dated January 23, 2014on the captioned subject.
2. In view of amendment to the Securitisation and Reconstruction of Financial Assets...
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RBI |
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Annual Return on Foreign Liabilities and Assets Reporting by Indian Companies
Posted Date : 29-Jun-2019 , 09:07:33 am | Posted By: CASANSAAR
RBI/2018-19/226
A.P. (DIR Series) Circular No. 37
June 28, 2019
To
All Category - I Authorised Dealer Banks
Madam/Sir,
Annual Return onForeign Liabilities and Assets
Reporting by Indian Companies
Attention of Authorised Dealer Category – I banks is invited toA.P. (DIR Series) Circular No.133 dated June 20, 2012which stipulated that all Indian companies which have received FDI and/or made FDI abroad (i.e. overseas investment) in the previous year(s) including the current...
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Category :
FEMA |
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Basel III Capital Regulations- Implementation of Leverage Ratio
Posted Date : 29-Jun-2019 , 09:06:49 am | Posted By: CASANSAAR
RBI/2018-19/225
DBR.BP.BC.No.49/21.06.201/2018-19
June 28, 2019
All Scheduled Commercial Banks
(excluding RRBs, LABs, Payments Banks and Small Finance Banks)
Dear Sir/Madam,
Basel III Capital Regulations- Implementation of Leverage Ratio
Please refer to ‘Part E: Leverage Ratio Framework’ of the Master Circular- Basel III Capital Regulations,DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015.
2. As announced in theStatement on Developmental and Regulatory Policies...
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RBI |
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CBIC notifies extended due date of Form GSTR-9, GSTR-9A & GSTR-9C
Posted Date : 29-Jun-2019 , 08:53:52 am | Posted By: CASANSAAR
S.O.(E).––WHEREAS, sub-section (1) of section 44 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this Order referred to as the said Act) provides that every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual return for every financial year electronically in such form and manner as may be prescribed on or before the ...
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Category :
GST |
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CBIC clarifies GST treatment of secondary or post-sales discounts
Posted Date : 29-Jun-2019 , 08:52:15 am | Posted By: CASANSAAR
Circular No. 92/11/2019-GST dated 7th March, 2019 was issued providing clarification on various doubts related to treatment of sales promotion schemes under GST. Post issuance of the said Circular various representations have been received from the trade and industry seeking clarifications in respect of tax treatment in cases of secondary discounts or post sales discount. The matter has been examined in order to ensure uniformity in the implementation of the law across the field formations, the ...
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Category :
GST |
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Processing of refund in Form GST RFD-01A wrongly mapped on portal
Posted Date : 29-Jun-2019 , 08:51:18 am | Posted By: CASANSAAR
Doubts have been raised in respect of processing of a refund application by a jurisdictional tax authority (either Centre or State) to whom the application has been electronically transferred by the common portal in cases where the said tax authority is not the one to which the taxpayer has been administratively assigned. The matter has been examined. In order to ensure uniformity in the implementation of the provisions of the law across field formations, the Board, in exercise of its powers con...
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Category :
GST |
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