RBI Master Circular – Detection and Impounding of Counterfeit Notes
Posted Date : 03-Jul-2018 , 08:20:24 am | Posted By: CASANSAAR
RBI/2018-19/04
DCM(FNVD)G – 1/16.01.05/2018-19
July 2, 2018
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 - 4/16.01.05/2017-18 dated July 20, 2017consolidating the instructions issued till July 20, 2017, relating to Detection and Impounding of Counterfeit Notes. TheMaster Circula...
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RBI |
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RBI Master Circular – Facility for Exchange of Notes and Coins
Posted Date : 03-Jul-2018 , 08:19:06 am | Posted By: CASANSAAR
RBI/2018-19/3
DCM (NE) No.G-2/08.07.18/2018-19
July 02, 2018
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-1/08.07.18/2017-18 dated July 03, 2017containing instructions on the facility for exchange of notes and coins. A revised version of Master Circular on the subject isannexedfor your informatio...
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RBI |
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RBI Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission
Posted Date : 03-Jul-2018 , 08:17:46 am | Posted By: CASANSAAR
RBI/2018-19/2
DGBA.GBD.No.2/31.12.010/2018-19
July 2, 2018
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/2017-18/2 dated July 1, 2017on 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 June 30, 2018.
2. A copy of the revisedMaster Circul...
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RBI Master Circular - Disbursement of Government Pension by Agency Banks
Posted Date : 03-Jul-2018 , 08:16:32 am | Posted By: CASANSAAR
RBI/2018-19/1
DGBA.GBD.No.-1/31.02.007/2018-19
July 2, 2018
All Agency Banks
Dear Sir/Madam
Master Circular - Disbursement of Government Pension by Agency Banks
Please refer to ourMaster Circular RBI/2017-18/1 dated July 1, 2017on 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 Ju...
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Due date to link Aadhaar with PAN extended till 31st March 2019
Posted Date : 02-Jul-2018 , 07:48:21 am | Posted By: CASANSAAR
F.No.225/270/2017/ITA.II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
North-Block, ITA.II Division
New Delhi, dated the 30th of June, 2018
Order under Section 119 of the Income-tax Act, 1961
Vide its orders dated 31.07.17, 31.08.17, 08.12.17 & 27.03.18, in file of even number, CBDT had allowed time till 30th June, 2018 to link PAN with Aadhaar while filing the tax-returns. Upon consideration of the matter, the CBDT further extend...
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Income Tax |
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Reverse charge deferred for procurement from unregistered dealer’s till 30th Sept 2018
Posted Date : 30-Jun-2018 , 07:51:54 am | Posted By: CASANSAAR
Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs
Notification No. 12/2018–Central Tax (Rate)
New Delhi, the 29th June, 2018
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 11 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...
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GST |
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Reverse charge mechanism u/s 5(4) of IGST Act suspended till 30th Sept 2018
Posted Date : 30-Jun-2018 , 07:50:18 am | Posted By: CASANSAAR
Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs
Notification No.13/2018 – Integrated Tax (Rate)
New Delhi, the 29th June, 2018
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 6 of the Integrated Goods and Services Tax Act, 2017 (13 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 ma...
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GST |
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Enforcement action framework in respect of statutory auditors for the lapses in the statutory audit of commercial banks
Posted Date : 29-Jun-2018 , 09:59:28 pm | Posted By: CASANSAAR
Statutory Auditors (SAs) of banks play an important role in contributing to financial stability when they deliver quality bank audits which foster market confidence in banks’ financial statements. Quality bank audits are also a valuable input in the supervisory process of the Reserve Bank of India (RBI) for commercial banks.
2. In the interest of improving audit quality and with a view to instituting a transparent mechanism to examine accountability of SAs in a consistent manner, it has...
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RBI |
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Customer Service provided by agency banks
Posted Date : 21-Jun-2018 , 06:29:11 pm | Posted By: Manya
RBI/2017-18/205
DGBA.GBD.No.3214/45.01.001/2017-18
June 21, 2018
All Agency Banks (dealing with pension payments)
Dear Sir / Madam
Customer Service provided by agency banks
Please refer to our circular no.DGBA.GAD.H-3085/45.01.001/2008-09 dated October 1, 2008 on the captioned subject.
2. We are receiving complaints from various quarters that pensioners are not being treated with due consideration by bank officials, specifically the old pensioners, when they come to the branch...
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RBI |
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Control measures for ATMs – Timeline for compliance
Posted Date : 21-Jun-2018 , 06:28:12 pm | Posted By: Manya
RBI/2017-18/206
DBS(CO).CSITE/BC.5/31.01.015/2017-18 June 21, 2018
To
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks (excluding Regional Rural Banks)
All Small Finance Banks and Payment Banks
White-Label ATM Operators...
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RBI |
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Notification issued for amending the CGST Rules, 2017
Posted Date : 20-Jun-2018 , 10:55:02 am | Posted By: Manya
Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs
Notification No. 28/2018 – Central Tax
New Delhi, the 19th June, 2018
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:-
(1) These rules may be called the Centr...
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GST |
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Liberalised Remittance Scheme – Harmonisation of Data and Definitions
Posted Date : 19-Jun-2018 , 09:35:30 pm | Posted By: CASANSAAR
RBI/2017-18/204
A.P. (DIR Series) Circular No. 32
June 19, 2018
To
All Category - I Authorised Dealer Banks
Madam / Sir
Liberalised Remittance Scheme – Harmonisation of Data and Definitions
Please refer to paragraph 18 of theStatement on Developmental and Regulatory Policiesof theSecond Bi-monthly Monetary Policy Statement for 2018-19released on June 6, 2018. As indicated therein, it ...
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Category :
FEMA |
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Priority Sector Lending – Targets and Classification
Posted Date : 19-Jun-2018 , 09:34:33 pm | Posted By: CASANSAAR
RBI/2017-18/203
FIDD.CO.Plan.BC.22/04.09.01/2017-18
June 19, 2018
The Chairman/ Managing Director & CEOs
All Scheduled Commercial Banks
(Excluding Regional Rural Banks and Small Finance Banks)
Dear Sir/ Madam,
Priority Sector Lending – Targets and Classification
Please refer to Para 6 of theStatement on Developmental and Regulatory Policiesof theSecond Bi-Monthly Monetary Policy Statement 2018-19 dated June 06, 2018and Para 10.1 ofMaster Direction on Priority Sector L...
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RBI |
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Basel III Framework on Liquidity Standards - Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards
Posted Date : 16-Jun-2018 , 11:21:18 am | Posted By: Manya
RBI/2017-18/201
DBR.BP.BC.No.114/21.04.098/2017-18
June 15, 2018
All Scheduled Commercial Banks
(excluding RRBs) &
Small Finance Banks (SFBs)
Dear Sir,
Basel III Framework on Liquidity Standards - Liquidity Coverage
Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards
Please refer to our circular DBR.BP.BC.No.2/21.04.098/2016-17 dated July 21, 2016 and other associated circulars on the captioned subject.
2. Presently, the assets allowed as the Level...
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RBI |
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Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks – Spreading of MTM losses and creation of Investment Fluctuation Reserve (IFR)
Posted Date : 16-Jun-2018 , 11:20:05 am | Posted By: Manya
RBI/2017-18/200
DBR.No.BP.BC.113/21.04.048/2017-18
June 15, 2018
All Scheduled Commercial Banks
& Small Finance Banks (SFBs)
Dear Sir/Madam,
Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks – Spreading of MTM losses and creation of Investment Fluctuation Reserve (IFR)
Please refer to Circular DBR.No.BP.BC.102/21.04.048/2017-18 dated April 2, 2018 on the captioned subject.
2. In view of the continuing rise in the yields on...
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RBI |
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Investment by Foreign Portfolio Investors (FPI) in Debt - Review
Posted Date : 16-Jun-2018 , 11:18:45 am | Posted By: Manya
RBI/2017-18/199
A.P. (DIR Series) Circular No. 31
June 15, 2018
To
All Authorized Persons
Madam / Sir
Investment by Foreign Portfolio Investors (FPI) in Debt - Review
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 vide Notification No. FEMA.20(R)/2017-RB dated November 07, 2017, as amended from time to time a...
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RBI |
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Interest Rate Options in India - RBI
Posted Date : 15-Jun-2018 , 09:19:07 am | Posted By: CASANSAAR
RBI/2017-18/198
FMRD.DIRD.9 /14.01.020/2017-18
June 14, 2018
To
All Eligible market participants
Dear Sir/Madam,
Interest Rate Options in India
Please refer toFMRD circular FMRD.DIRD.12/14.01.011/2016-17 dated December 29, 2016on introduction of Interest Rate Options in India. As announced in thefirst bi-monthly Monetary Policy Statement 2018-19 dated April 05, 2018, it has now been decided to permit Interest Rate Swaptions in Rupees so as to enable better timing flexibility f...
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RBI |
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CBDT notifies Cost Inflation Index for FY 2018-19 at 280
Posted Date : 15-Jun-2018 , 09:12:50 am | Posted By: CASANSAAR
This notification shall come into force with effect from April 1, 2019 and shall accordingly apply to the AY 2019-20...
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CBDT |
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Seek to make amendments (Fifth Amendment, 2018) to the CGST Rules, 2017; and to specify goods which may be disposed off by the proper officer after its seizure.
Posted Date : 13-Jun-2018 , 06:12:39 pm | Posted By: Manya
G.S.R….(E).- In exercise of the powers conferred by sub-section (8) of section 67 of the
Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said
Act), the Central Government hereby notifies the goods or the class of goods (hereinafter
referred to as the said goods) mentioned in the Schedule below, which shall, as soon as may
be after its seizure under sub-section (2) of section 67 of the said Act, be disposed of by the
proper officer, having regard ...
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Category :
GST |
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Seek to make amendments (Fifth Amendment, 2018) to the CGST Rules, 2017; and to specify goods which may be disposed off by the proper officer after its seizure.
Posted Date : 13-Jun-2018 , 06:10:18 pm | Posted By: Manya
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:-
(1) These rules may be called the Central Goods and Services Tax (Fifth Amendment) Rules,
2018.
(2) Save as otherwise provided, they shall come into force on the date of their publication in
the Official Gazette.
2. In the ...
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Category :
GST |
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Fee and other Expenses incurred for Corporate Insolvency Resolution Process - IBBI
Posted Date : 12-Jun-2018 , 05:44:35 pm | Posted By: CASANSAAR
When a corporate debtor undergoes corporate insolvency resolution process (CIRP), an Insolvency Professional (IP) is vested with the management of its affairs and he manages its operations as a going concern. He complies with the applicable laws on behalf of the corporate debtor. He conducts the entire CIRP. Such responsibilities of an IP require the highest level of professional excellence, dexterity and integrity. He needs to be compensated for his professional services commensurate to his abi...
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Category :
Corporate Laws |
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Clarifications of certain issues under GST - CBIC
Posted Date : 08-Jun-2018 , 08:42:17 pm | Posted By: CASANSAAR
Representations have been received seeking clarification on certain issues under the GST laws. The same have been examined and the clarifications on the same are as below:...
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GST |
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Foreign Investment in India - Reporting in Single Master Form
Posted Date : 08-Jun-2018 , 07:14:20 am | Posted By: CASANSAAR
RBI/2017-18/194
A.P (DIR Series) Circular No.30
June 07, 2018
To
All Category – I Authorised Dealer Banks
Madam/Sir
Foreign Investment in India -Reporting in Single Master Form
As announced in theFirst Bi-monthly Monetary Policy Review dated April 5, 2018, Reserve Bank, with the objective of integrating the extant reporting structures of various types of foreign investment in India, w...
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Category :
FEMA |
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External Commercial Borrowings (ECBs) – Monthly reporting through ECB 2 Return
Posted Date : 07-Jun-2018 , 07:23:55 pm | Posted By: CASANSAAR
RBI/2017-18/193
A. P. (DIR Series) Circular No. 29
June 7, 2018
To
All Category I Authorised Dealer Banks
Madam / Dear Sir
External Commercial Borrowings (ECBs) – Monthly reporting through ECB 2 Return
Attention of Authorized Dealer Category I (AD Category I) banks is invited to Annex III of Part V ofMaster Direction No.18/2015-16 dated January 01, 2016on Reporting under Foreign Exchange Management Act, 1999, as amended from time to time. The said Master Direction, inter...
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Category :
FEMA |
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Gold Monetization Scheme, 2015
Posted Date : 07-Jun-2018 , 06:15:17 pm | Posted By: Manya
RBI/2017-18/192
DBR.IBD.BC.109/23.67.001/2017-18
June 7, 2018
All Scheduled Commercial Banks (excluding RRBs)
Dear Sir/Madam
Gold Monetization Scheme, 2015
In exercise of the powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015) Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015, with immediate effect.
1. Th...
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RBI |
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Banking Regulation Act, 1949 – Section 26A Depositor Education and Awareness Fund Scheme, 2014 – Operational Guidelines - Payment of Interest
Posted Date : 07-Jun-2018 , 06:13:02 pm | Posted By: Manya
RBI/2017-2018/191
DBR.DEA Fund Cell.BCNo.110/30.01.002/2017-18
June 07, 2018
The Managing Director & CEO/
Chief Executive Officers
All Scheduled Commercial Banks (including RRBs)
Local Area Banks (LABs)
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks
Small Finance Banks/Payment Banks
Dear Sir/Madam,
Banking Regulation Act, 1949 – Section 26A
Depositor Education and Awareness Fund Scheme, 2014 –
Operational Guideline...
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Category :
RBI |
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Continuation of Interest Subvention Scheme for short-term crop loans on interim basis during the year 2018-19
Posted Date : 07-Jun-2018 , 06:11:56 pm | Posted By: Manya
RBI/2017-18/190
FIDD.CO.FSD.BC.No.21/05.04.001/2017-18
June 7, 2018
The Chairman / Managing Director & CEOs
All Public & Private Sector Scheduled Commercial Banks
Madam/Sir
Continuation of Interest Subvention Scheme for short-term crop loans on interim basis during the year 2018-19
Please refer to our circular FIDD.CO.FSD.BC.No.14/05.02.001/2017-18 dated August 16, 2017 on Interest Subvention Scheme for Short-term Crop Loans 2017-18 wherein we had advised the continuatio...
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Category :
RBI |
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Investment in the units of an infrastructure investment trust (InvIT)
Posted Date : 07-Jun-2018 , 06:10:30 pm | Posted By: Manya
RBI/2017-18/189DNBR (PD) CC.No.093/03.10.001/2017-18
June 07, 2018
Systemically Important Core Investment Companies (CIC-NDSI)
Madam/ Sir,
Investment in the units of an infrastructure investment trust (InvIT)by sponsor CIC-NDSI
In order to enable Systemically Important Core Investment Companies (CIC-NDSI) to act as a sponsor of InvITs, it has been decided to permit CIC-NDSIs to hold InvIT units only as a sponsor. Exposure of such CICs towards InvITs shall be limited to their holdings as spo...
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Category :
RBI |
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Amendments to Prevention of Money-laundering (Maintenance of Records) Rules, 2005
Posted Date : 07-Jun-2018 , 08:16:25 am | Posted By: CASANSAAR
Securities and Exchange Board of India
CIRCULAR
SEBI/HO/MIRSD/DOSR1/CIR/P/2018/93
June 6, 2018
1. All Recognized Stock Exchanges
2. Stock Brokers through Recognized Stock Exchanges
3. All Recognized Depositories
4. Depository Participants through Depositories
5. Association of Mutual Funds in India
6. Mutual funds through AMFI
7. Portfolio Managers
8. KYC Registration Agencies (KRAs)
9. Alternative Investment Funds (AIFs)
10. Collective Investment Schemes (CIS)
11. Custodians...
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Category :
FEMA |
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Review of margin requirements under the Liquidity Adjustment Facility and Marginal Standing Facility
Posted Date : 06-Jun-2018 , 09:19:32 pm | Posted By: CASANSAAR
RBI/2017-2018/188
FMOD.MAOG No.125/01.01.001/2017-18
June 6, 2018
All Scheduled Commercial Banks
(Excluding Regional Rural Banks),
Scheduled Urban Co-operative Banks and
Standalone Primary Dealers
Madam/Sir,
Review of margin requirements under the Liquidity Adjustment Facility and Marginal Standing Facility
Please refer to thecirculars FMD.MOAG No.77/01.01.001/2012-13 dated March 19, 2013andFMOD.MAOG No.117/01.01.001/2016-17 dated November 25, 2016.
2. Currently, the margin...
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RBI |
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