MCA amends Schedule VII of Companies Act, 2013
Posted Date : 01-Jun-2019 , 07:26:27 am | Posted By: CASANSAAR
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 30th May, 2019
G.S.R.390(E).-In exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following further amendments to Schedule VII of the said Act, namely:-
In the said Schedule VII, after item (xi) and the entries relating thereto, the following item and entries shall be inserted, namely:-
“(xii) disaster management, inclu...
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Companies Act |
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Sovereign Gold Bond Scheme 2019-20 - Series I/II/III/IV - Operational Guidelines
Posted Date : 31-May-2019 , 09:47:36 am | Posted By: CASANSAAR
RBI/2018-19/193
IDMD.CDD.No.3391/14.04.050/2018-19
May 30, 2019
The Chairman & Managing Director
All Scheduled Commercial Banks
(Excluding RRBs)
Designated Post Offices
Stock Holding Corporation of India ltd.(SHCIL)
National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd.
Dear Sir/Madam,
Sovereign Gold Bond Scheme 2019-20 - Series I/II/III/IV - Operational...
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RBI |
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Sovereign Gold Bond Scheme (SGB) 2019-20- Series I/II/III/IV
Posted Date : 31-May-2019 , 09:46:48 am | Posted By: CASANSAAR
RBI/2018-19/192
IDMD.CDD.No.3392/14.04.050/2018-19
May 30, 2019
The Chairman & Managing Director
All Scheduled Commercial Banks,
(Excluding RRBs)
Designated Post Offices
Stock Holding Corporation of India Ltd. (SHCIL)
National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd.
Dear Sir/Madam,
Sovereign Gold Bond Scheme (SGB) 2019-20- Series I/II/III/IV
...
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RBI |
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Amendment to Master Direction (MD) on KYC
Posted Date : 30-May-2019 , 09:26:41 am | Posted By: CASANSAAR
RBI/2018-19/190
DBR.AML.BC.No.39/14.01.001/2018-19
May 29, 2019
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. 108(E) dated February 13, 2019, has notified amendments to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005. Further, an Ordinance, “Aadhaar and other Laws (amendment) Ordinance, 2019”, has been notified by the Governmen...
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RBI |
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Extension of relaxation on the guidelines to NBFCs on securitisation transactions
Posted Date : 30-May-2019 , 09:25:51 am | Posted By: CASANSAAR
RBI/2018-19/191
DNBR (PD) CC. No. 100/03.10.001/2018-19
May 29, 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”.
2. On a review, it has been decided to extend the dispensation provided therein till December 31, 2019.
Yours faithfully,
(Manor...
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RBI |
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Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions
Posted Date : 29-May-2019 , 09:04:46 am | Posted By: CASANSAAR
RBI/2018-19/189
DPSS (CO) RTGS No. 2488/04.04.016/2018-19
May 28, 2019
The Chairman / Managing Director / Chief Executive Officer
of member banks participating in RTGS
Madam / Dear Sir,
Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions
A reference is invited tocircular DPSS (CO) RTGS No.492/04.04.002/2015-16 dated September 1, 2015on ‘Changes in RTGS time window’ andcircular DPSS (CO) RTGS No.1926/04.04.002/2015-16 dated ...
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RBI |
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Voluntary Retention Route (VRR) for Foreign Portfolio Investors (FPIs) investment in debt
Posted Date : 25-May-2019 , 09:09:41 am | Posted By: CASANSAAR
RBI/2018-19/187
A.P. (DIR Series) Circular No.34
May 24, 2019
To
All Authorized Persons
Madam / Sir
‘Voluntary Retention Route’ (VRR) for Foreign Portfolio Investors (FPIs) investment in debt
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the following regulations, as amended from time to time, and the relevant directions issued under these regulations.
Foreign Exchange Management (Permissible Capital Accounts Transactions) R...
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FEMA |
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NFRA (Meeting for Transaction of Business) Rules, 2019
Posted Date : 25-May-2019 , 09:08:43 am | Posted By: CASANSAAR
G.S.R. _.- In exercise of the powers conferred by sub-section (10) of section 132 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules, namely:...
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Companies Act |
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MCA notifies Form PAS-6 Reconciliation of Share Capital Audit Report
Posted Date : 25-May-2019 , 09:06:11 am | Posted By: CASANSAAR
G.S.R. (E).- In exercise of the powers conferred by section 26, sub-section (1) of section 27, section 28, section 29, sub-section (2) of section 31. sub-sections (3) and (4) of section 39, sub-section (6) of section 40 and section 42 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 (Prospectus and Allotment of Securities Rules, 2014, namely –...
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Companies Act |
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CBDT extends due date of TDS Payment, Certificate and Return in Odisha
Posted Date : 25-May-2019 , 09:02:46 am | Posted By: CASANSAAR
With a view to redress genuine hardship faced by the deductors due to the severe disruption of normal life and breakdown of communication systems caused by cyclone "Fani" hitting the state of Odisha on 3rd of May, 2019, the Central Board of Direct Taxes, in exercise of its powers under section 119 of the Income Tax Act, 1961 , hereby-...
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CBDT |
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Incentive for improving service to non-chest branches - RBI
Posted Date : 24-May-2019 , 09:47:48 am | Posted By: CASANSAAR
RBI/2018-19/186
DCM (Plg.) No.2845/10.25.007/2018-19
May 23, 2019
The Chairman & Managing Director
Managing Director/ Chief Executive Officer
All Banks having Currency Chests
Dear Sir/Madam,
Incentive for improving service to non-chest branches
Please refer to ourcircular RBI/2015-16/293 DCM (NPD) No.2564/09.40.02/2015-16 dated January 21, 2016on the captioned subject. It has been ...
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RBI |
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Amendment of Form No 108 of the Income-tax Rules, 1962- Draft notification
Posted Date : 24-May-2019 , 09:46:16 am | Posted By: CASANSAAR
Section 12A of the Income-tax Act, 1961 (the Act) provides for conditions for applicability of sections 11 and 12 of the Act. One such condition under clause (b) of subsection (1) thereof is that where the total income of the trust or institution computed without giving effect to section 11 and 12 exceeds the maximum amount not chargeable to income-tax in any previous year, its accounts for that year have been audited by an accountant as defined in the Explanation below sub-section (2) of sectio...
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Income Tax |
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CBDT amends Income-tax Rules, 1962, in Appendix II, in Form No. 15H
Posted Date : 24-May-2019 , 09:44:53 am | Posted By: CASANSAAR
G.S.R. 375(E),— In exercise of the powers conferred by sub-section (1C) of section 197A 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:___...
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CBDT |
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Risk Management System – Appointment of Chief Risk Officer (CRO) for NBFCs
Posted Date : 17-May-2019 , 09:59:10 am | Posted By: CASANSAAR
RBI/2018-19/184
DNBR (PD) CC. No.099/03.10.001/2018-19
May 16, 2019
Non-Banking Financial Company– Investment and Credit Companies, Infrastructure Finance Companies,
Micro Finance Institutions, Factors and Infrastructure Debt Funds
Madam / Dear Sir,
Risk Management System – Appointment of Chief Risk Officer (CRO) for NBFCs
With the increasing role of NBFCs in direct credit intermediation, there is a need for NBFCs to augment risk management practices. While Boards of...
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RBI |
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RBI publishes Payment and Settlement Systems in India: Vision 2019 – 2021
Posted Date : 16-May-2019 , 08:37:24 am | Posted By: CASANSAAR
The Reserve Bank of India has today placed on its website the “Payment and Settlement Systems in India: Vision 2019 – 2021”. The Payment Systems Vision 2021 with its core theme of ‘Empowering Exceptional (E)payment Experience’ aims atempowering every Indian with access to a bouquet of e-payment options that is safe, secure, convenient, quick and affordable.
The Payment Systems Vision 2021 has been formalised based on inputs from various stakeholders and guidanc...
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RBI |
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Outsourcing of Cash Management – Reconciliation of Transactions
Posted Date : 15-May-2019 , 10:19:34 am | Posted By: CASANSAAR
RBI/2018-19/183
DCM (Plg) No.2746/10.25.07/2018-19
May 14, 2019
The Chairman / Managing Director /
Chief Executive Officer
All Banks
Madam / Dear Sir,
Outsourcing of Cash Management – Reconciliation of Transactions
As stated in para 15 of themonetary policy statement dated October 04, 2016, the Bank had constituted a Committee on Currency Movement [Chair: Shri D.K. Mohanty, Executive Director, Reserve Bank of India] to review the entire gamut of security of the treasure i...
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RBI |
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CBDT further deferred furnishing of GST & GAAR details in Form 3CD till 31st March 2020
Posted Date : 15-May-2019 , 10:17:49 am | Posted By: CASANSAAR
Section 44AB of the Income-tax Act, 1961 ('the Act') read with rule 6G of the Income-tax Rules, 1962 ('the Rules') requires specified persons to furnish the Tax Audit Report along with the prescribed particulars in Form No. 3CD. The existing Form No. 3CD was amended vide notification no. GSR 666(E) dated 20th July, 2018 with effect from 20th August, 2018. However, the reporting under clause 30C and clause 44 of the Tax Audit Report was kept in abeyance till 31st March, 2019 vide ...
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CBDT |
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Clarification for form ADT-1 filed through GNL-2 - MCA
Posted Date : 13-May-2019 , 09:34:21 pm | Posted By: CASANSAAR
In continuation of General Circular No. 09/2014 dated 25.04.2014, the Ministry of Corporate Affairs has received representation from stakeholders seeking relaxation of fee for filing c-form no. ADT 1, particularly form ADT-1 filed through GNI,-2 during the period from 01.04.2014 to 20.10.2014 for appointment of Auditor for the period from 01.04.2014 to 31.03.2019 due to non-availability of c-form ADT-1 during the said period....
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Category :
Corporate Laws |
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Due date of GSTR-3B extended in specified districts of Odisha
Posted Date : 13-May-2019 , 08:00:37 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 amendment in notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 13/2019 – Central Ta...
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GST |
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Due date of GSTR-1 extended in specified districts of Odisha
Posted Date : 13-May-2019 , 07:59:25 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 amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2019- Central Tax, dated the 07th March, 2019, published in the Gazette of India, Extraordinary, Part I...
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GST |
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Notification regarding extension of last date for opting old GST rates
Posted Date : 11-May-2019 , 08:47:27 am | Posted By: CASANSAAR
G.S.R......(E).- In exercise of the powers conferred by sub-sections (1), (3)and (4) of section 9, sub-section (1) of section 11,sub-section (5) of section 15, sub-section (1) of section 16 and section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, and on 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...
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GST |
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Date of filing ER-1/ER-2 return for April 2019 extended to 10th June 2019
Posted Date : 11-May-2019 , 08:34:56 am | Posted By: CASANSAAR
F. No. 267/58/2019/CX-8
Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes & Customs
New Delhi, Dated, the 8thMay, 2019
Order No.:- 01/2019 Central Excise
Subject: – Extension of time limit for filing of Monthly Return for production and removal of goods and other relevant particulars and CENVAT credit specified in Form ER-1 and specified in ER-2 —reg.
WHEREAS the migration and integration of legacy data fromwww.aces.gov....
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Excise |
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CBIC notifies change of website www.cbic-gst.gov.in in place of www.aces.gov.in
Posted Date : 10-May-2019 , 09:19:36 am | Posted By: CASANSAAR
In the said notification, for the words ” www.aces.gov.in“the words “www.cbic-gst.gov.in“shall be substituted....
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Category :
Service Tax |
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Revised procedures for e-filing of Excise & Service Tax Returns
Posted Date : 10-May-2019 , 09:12:19 am | Posted By: CASANSAAR
Revised Procedure for electronic filing of Central Excise returns and for electronic payment of Excise duty and Service tax arrears under the new portal www.cbic-gst.gov.in....
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Category :
Service Tax |
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Disclosure on Exposure to Infrastructure Leasing & Financial Services Limited (ILFS) and its group entities
Posted Date : 09-May-2019 , 10:43:56 am | Posted By: CASANSAAR
RBI/2018-19/181
DBR.BP.BC.No.38/21.04.048/2018-19
May 8, 2019
All Scheduled Commercial Banks
All India Financial Institutions (EXIM Bank, NABARD, NHB and SIDBI)
Dear Sir/ Madam,
Disclosure on Exposure to Infrastructure Leasing & Financial Services Limited (ILFS) and its group entities
Please refer to thecircular DBR.BP.BC.No.37/21.04.048/2018-19 dated April 24, 2019on the captioned subject. In view of the National Company Law Appellate Tribunal’s (NCLAT) order dated Ma...
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Category :
RBI |
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Priority Sector Lending – Targets and Classification
Posted Date : 08-May-2019 , 07:09:19 am | Posted By: CASANSAAR
RBI/2018-19/179
FIDD.CO.Plan.BC.18 /04.09.01/2018-19
May 6, 2019
The Chairman/MD & CEO
All Regional Rural Banks/All Small Finance Banks
Dear Sir/ Madam,
Priority Sector Lending – Targets and Classification
Please refer to Para 10 of theStatement on Developmental and Regulatory Policiesof theFirst Bi-Monthly Monetary Policy Statement 2019-20 dated April 4, 2019and Para 9 ofMaster Direction – Regional Rural Banks (RRBs) - Priority Sector Lending – Targets and...
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RBI |
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MCA amends Due date for filing DIR-3KYC
Posted Date : 02-May-2019 , 08:40:53 am | Posted By: CASANSAAR
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, 30thApril, 2019
G.S.R.__ (E). — In exercise of the powers conferred by the second proviso to sub-section (1), sub-section (4), clause (I) of sub-section (6) of section 149, sub-sections (3) and (4) of section 150, section 151, sub-section (5) of section 152, section 153, section 154, section 157, section 160, sub-section (1) of section 168 and section 170 read with section 469 of theCompanies Act, 2013(18 of 2013), the Centra...
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Category :
Companies Act |
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GST exemption on upfront amount payable in installments for long term lease of plots
Posted Date : 01-May-2019 , 08:56:53 am | Posted By: CASANSAAR
Representations have been received by the Board seeking clarification regarding admissibility of GST exemption on the upfront amount which is determined upfront but is paid or payable in installments for long term (thirty years, or more) lease of industrial plots or plots for development of financial infrastructure under Notification 12/2017 – Central Tax (R) S. No.41 dated 28.06.2017...
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Category :
GST |
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GST Applicability on Seed Certification Tags.
Posted Date : 01-May-2019 , 08:55:12 am | Posted By: CASANSAAR
Representations have been received by the Board seeking clarification regarding applicability of GST on supply of Seed Certification Tags. Reference in this regard has also been received from the State of Tamil Nadu...
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Category :
GST |
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RBI extends deadline for identification of Legal Entity
Posted Date : 26-Apr-2019 , 09:18:36 pm | Posted By: CASANSAAR
RBI/2018-19/177
FMRD.FMID.No.15/11.01.007/2018-19
April 26, 2019
To
All eligible market participants
Dear Sir/Madam,
Legal Entity Identifier: Extension of deadline
A reference is invited tocircular FMRD.FMID.No.10/11.01.007/2018-19 dated November 29, 2018issued by the Reserve Bank on requirement of Legal Entity Identifier (LEI) for participation in non-derivative markets.
2. Based on the feedback and requests received from market participants, and with a view to enable smoo...
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RBI |
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