Standing Liquidity Facility for Primary Dealers - RBI
Posted Date : 06-Jun-2018 , 09:15:18 pm | Posted By: CASANSAAR
RBI/2017-18/187
REF. No. MPD.BC. 383/07.01.279/2017-18
Jyeshtha 16, 1940 (Saka)
June 6, 2018
All Primary Dealers,
Standing Liquidity Facility for Primary Dealers
In theSecond Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee (MPC), the repo rate under the Liquidity Adjustment Facility (LAF) has been increased by 25 basis points to 6.25 per cent from 6.00 per cent with immediate effect.
2. Accordingly, the Standing Liquidity Facility provid...
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RBI |
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Encouraging formalisation of MSME sector - RBI
Posted Date : 06-Jun-2018 , 09:14:42 pm | Posted By: CASANSAAR
RBI/2017-18/186
DBR.No.BP.BC.108/21.04.048/2017-18
June 6, 2018
All banks and NBFCs regulated by the Reserve Bank of India
Madam / Dear Sir,
Encouraging formalisation of MSME sector
Please refer to thecircular DBR.No.BP.BC.100/21.04.048/2017-18 dated February 07, 2018.
2. Having regard to the input credit linkages and ancillary affiliations, it has now been decided to temporarily allow banks and NBFCs to classify their exposure, as per the 180 days past due criterion, to all M...
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RBI |
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Change in Bank Rate - RBI
Posted Date : 06-Jun-2018 , 09:13:55 pm | Posted By: CASANSAAR
RBI/2017-18/185
DBR.No.Ret.BC.107/12.01.001/2017-18
June 06, 2018
The Chairperson / CEOs of all Scheduled and Non Scheduled Banks
Dear Sir / Madam,
Change in Bank Rate
Please refer to ourcircular DBR.No.Ret.BC.82/12.01.001/2017-18 dated August 02, 2017on the captioned subject.
2. As announced in theSecond Bi-Monthly Monetary Policy Statement 2018-19 dated June 06, 2018, the Bank Rate stands adjusted by 25 basis points from 6.25 per cent to 6.50 per cent with effect from June 0...
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RBI |
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Marginal Standing Facility - RBI
Posted Date : 06-Jun-2018 , 09:12:52 pm | Posted By: CASANSAAR
RBI/2017-2018/184
FMOD.MAOG.No.124/01.18.001/2017-18
June 6, 2018
All Scheduled Commercial Banks (excluding RRBs)
Madam/Sir,
Marginal Standing Facility
As announced in theSecond Bi-monthly Monetary Policy Statement, 2018-19, today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.0 per cent to6.25 per centwith immediate effect.
2. Consequent to the change in the R...
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RBI |
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Liquidity Adjustment Facility – Repo and Reverse Repo Rates - RBI
Posted Date : 06-Jun-2018 , 09:11:56 pm | Posted By: CASANSAAR
RBI/2017-2018/183
FMOD.MAOG. No.123 /01.01.001/2017-18
June 6, 2018
All Scheduled Commercial Banks (excluding RRBs),
Scheduled Urban Co-operative Banks and Standalone Primary Dealers
Madam/Sir,
Liquidity Adjustment Facility – Repo and Reverse Repo Rates
As announced in theSecond Bi-monthly Monetary Policy Statement, 2018-19, today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 25...
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RBI |
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Transfer & Posting of 66 officers in ACIT/ DCIT grade
Posted Date : 06-Jun-2018 , 09:47:57 am | Posted By: CASANSAAR
F.No. A-22013/2/2018-Ad.VI-(Part-I)
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Direct Taxes)
* * * * *
North Block, New Delhi
The 4thJune, 2018
OFFICE ORDER NO. 86 OF 2018
The following Transfer / Posting in the grade of Assistant / Deputy Commissioner of Income Tax (Local Change) are, hereby, ordered with immediate effect and until further orders: –
S.No.
Civil
Code
Name
Current Directorate/CCA
New Di...
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CBDT |
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Seeks to extend the due date for filing of FORM GSTR-6 for the months from July, 2017 till June, 2018.
Posted Date : 04-Jun-2018 , 12:29:00 pm | Posted By: Manya
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section
(i)]
Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs
Notification No. 25/2018 – Central Tax
New Delhi, the 31st May, 2018
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) (hereinafter
referred to as the said Act) and in...
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GST |
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Withdrawal of Exemptions Granted to Government Owned NBFCs - RBI
Posted Date : 01-Jun-2018 , 07:27:47 am | Posted By: CASANSAAR
RBI/2017-18/181
DNBR (PD) CC.No.092/03.10.001/2017-18
May 31, 2018
All Government NBFCs
Madam/ Sir,
Withdrawal of Exemptions Granted to Government Owned NBFCs
Government owned companies, as defined under Clause (45) of Section 2 of the Companies Act, 2013 (Section 617 of the Companies Act, 1956) and registered with the Reserve Bank of India as NBFCs, are currently exempt from following regulatory and statutory provisions:
(i) Sections 45-IB and 45-IC of the RBI Act, 1934.
(...
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RBI |
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Enrolment & Registration as Valuer by Registered Valuers Organisation
Posted Date : 01-Jun-2018 , 07:18:08 am | Posted By: CASANSAAR
Enrolment as Valuer Member by Registered Valuers Organisation and Registration as Registered Valuer by the Authority...
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Corporate Laws |
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Govt notify NACIN as the authority for conducting the examination for GST Practitioners
Posted Date : 29-May-2018 , 11:47:52 am | Posted By: Manya
Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs
Notification No. 24 /2018 – Central Tax
New Delhi, the 28th May, 2018
G.S.R. … (E).- In exercise of the powers conferred by section 48 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with sub-rule (3) of rule 83 of the Central Goods and Services Tax Rules, 2017, the Commissioner, on the recommendations of the Council, hereby notifies the N...
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GST |
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E-way bill within Punjab to commence from 01st June 2018
Posted Date : 19-May-2018 , 11:05:28 am | Posted By: CASANSAAR
GOVERNMENT OF PUNJAB
DEPARTMENT OF EXCISE & TAXATION
PUBLIC NOTICE
KIND ATTENTION: DEALERS/CHARTERED ACCOUNTANTS/LAWYERS/OTHER STAKEHOLDERS
1. Generation of e-Way Bill for intra-state movement of goods in the State of Punjab was postponed for a period of two months from 01-04-2018 vide Notification No. PA/ETC/2018/63 dated 29-03-2018.
2. It may kindly be noted that e-Way Bill Portal is now available for generation of e-Way Bills for intra-state movement of goods in the St...
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GST |
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Seeks to extend the due date for filing of FORM GSTR-3B for the month of April, 2018.
Posted Date : 19-May-2018 , 10:14:20 am | Posted By: Manya
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section
(i)]
Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs
Notification No. 23/2018 – Central Tax
New Delhi, the 18th May, 2018
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 Ru...
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GST |
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Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) – Final Guidelines
Posted Date : 17-May-2018 , 06:01:10 pm | Posted By: Manya
RBI/2017-18/178
DBR.BP.BC.No.106/21.04.098/2017-18
May 17, 2018
All Scheduled Commercial Banks
(excluding RRBs)
Dear Sir/Madam,
Basel III Framework on Liquidity Standards –
Net Stable Funding Ratio (NSFR) – Final Guidelines
The Net Stable Funding Ratio (NSFR) and Liquidity Coverage Ratio (LCR) are significant components of the Basel III reforms. The LCR guidelines which promote short term resilience of a bank’s liquidity profile have been issued vide circular ...
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RBI |
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Setting up of IFSC Banking Units (IBUs) – Permissible activities
Posted Date : 17-May-2018 , 05:59:35 pm | Posted By: Manya
Setting up of IFSC Banking Units (IBUs) – Permissible activities
RBI/2017-18/177
DBR.IBD.BC. 105/23.13.004/2017-18
May 17, 2018
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Dear Sir/Madam
Setting up of IFSC Banking Units (IBUs) – Permissible activities
Please refer to RBI 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).
2. In terms ...
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RBI |
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Govt waives Late fees for those who were unable to file GSTR-3B due to technical issues of TRAN-1 filing
Posted Date : 15-May-2018 , 09:49:50 am | Posted By: CASANSAAR
Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs
Notification No. 22/2018 – Central Tax
New Delhi, the 14th May, 2018
G.S.R. 450(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 waives the late fee payable under section 47 of the said Act for failure to furnish the re...
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GST |
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Revised guidelines on lending to Priority Sector for Primary (Urban) Co-operative Banks (UCBs)
Posted Date : 10-May-2018 , 06:03:48 pm | Posted By: Manya
RBI/2017-18/175
DCBR.BPD (PCB).Cir.No.07/09.09.002/2017-18
May 10, 2018
The Chief Executive Officer
All Primary (Urban) Co-operative Banks
Dear Sir / Madam
Revised guidelines on lending to Priority Sector for Primary (Urban) Co-operative Banks (UCBs)
Please refer to our circular UBD.CO.BPD.(PCB).MC.No.18/09.09.001/2013-14 dated October 8, 2013 on the captioned subject and amendments thereto from time to time, consolidated in Master Circular DCBR.BPD.(PCB).MC.No:11/09.09.001/2015...
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RBI |
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Data Sharing with Directorate of Revenue Intelligence
Posted Date : 04-May-2018 , 10:43:01 am | Posted By: Manya
RBI/2017-18/173
A.P. (DIR Series) Circular No. 28
May 03, 2018
To
All Category - I Authorised Dealer Banks
Madam/ Sir
Data Sharing with Directorate of Revenue Intelligence
Attention of Authorised Dealer Category I (AD Category I) banks is invited to provisions contained in Sections 108 A and 108 B of the Customs Act, 1962 and the Rules notified thereunder vide GSR 1512 (E) Notification No. 114/2017-Customs (N.T) dated December 14, 2017. All AD Category I banks are advised to e...
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RBI |
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Guidelines on Stripping/Reconstitution of Government Securities
Posted Date : 04-May-2018 , 10:40:55 am | Posted By: Manya
RBI/2017-18/171
IDMD.GBD.2783/08.08.016/2018-19
May 3, 2018
All Market Participants
Dear Sir/Madam,
Guidelines on Stripping/Reconstitution of Government Securities
Please refer to paragraph 7 of the Statement on Regulatory and Developmental Policies announced on April 5, 2018 regarding review of the mechanism of the Separate Trading of Registered Interest and Principal of Securities (STRIPS) which was introduced w.e.f. April 1, 2010.
2. With a view to meeting the diverse needs...
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RBI |
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Issue related to taxability of ‘tenancy rights’ under GST- Regarding.
Posted Date : 02-May-2018 , 05:41:54 pm | Posted By: Manya
Circular No.44/18/2018-CGST
F. No. 341/28/2017-TRU
Government of India
Ministry of Finance
Department of Revenue
Tax Research Unit
*****
New Delhi, the 2nd May, 2018
To,
The Principal Chief Commissioner/Chief Commissioners/ Principal Commissioner/
Commissioner of Central Tax (All) /
The Principal Director Generals/ Director Generals (All)
Madam/Sir,
Subject: Issue related to taxability of ‘tenancy rights’ under GST- regarding
Doubts have been raised as to,-
(i) Whether...
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GST |
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Investment by Foreign Portfolio Investors (FPI) in Debt - RBI
Posted Date : 02-May-2018 , 08:26:15 am | Posted By: CASANSAAR
RBI/2017-18/170
A.P. (DIR Series) Circular No. 26
May 1, 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, 2000 notified videNotification No. FEMA.20/2000-RB dated May 3, 2000,as amended from time to time and the releva...
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FEMA |
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AOC-4 XBRL E-Forms filing date further extended to 31.05.2018
Posted Date : 01-May-2018 , 09:04:02 am | Posted By: CASANSAAR
In continuation of this Ministry’s General Circular No. 13/2017 dated 26.10.2017, General Circular No. 01/2018 dated 28.03.2018 and upon consideration of requests received from various stakeholders for extending the last date of filing of AOC-4 XBRL E-Forms using Ind AS under the Companies Act, 2013, it has been decided to extend the last date for filing of AOC-4 XBRL for all eligible companies required to prepare or voluntarily prepare their financial statements in accordance with Compani...
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Companies Act |
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Punjab Govt imposes Profession Tax on those having Business or Salary Income
Posted Date : 01-May-2018 , 09:01:13 am | Posted By: CASANSAAR
Punjab Government imposes profession tax of Rs. 200 Per Month on All such persons who are assessable under the Head Income from Salaries and/ or Wages as per the Income Tax Act, 1961 and All such persons who are assessable under the Head Income from Business and/ or Profession as per the Income Tax Act, 1961....
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Corporate Laws |
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IBBI invites comments on the Regulations notified under the Insolvency and Bankruptcy Code, 2016
Posted Date : 30-Apr-2018 , 10:18:34 pm | Posted By: CASANSAAR
The Insolvency and Bankruptcy Code, 2016 (Code) is a modern economic legislation. Section 240 of the Code empowers the Insolvency and Bankruptcy Board of India (IBBI) to make regulations subject to the conditions that the regulations: (a) carry out the provisions of the Code, (b) are consistent with the Code and the rules made thereunder; (c) are made by a notification published in the Official Gazette; and (d) are laid, as soon as possible, before each House of Parliament for 30 days....
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Corporate Laws |
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External Commercial Borrowings (ECB) Policy – Rationalisation and Liberalisation
Posted Date : 28-Apr-2018 , 06:58:30 am | Posted By: CASANSAAR
RBI/2017-18/169
A.P. (DIR Series) Circular No.25
April 27, 2018
To
All Category-I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowings (ECB) Policy – Rationalisation and Liberalisation
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toMaster Direction No.5 dated January 1, 2016on External Commercial Borrowings, Trade Credit, Borrowing and Lending in Foreign Currency by Authorised Dealers and Persons other than Authorised Dealers,...
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Category :
FEMA |
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Investment by Foreign Portfolio Investors (FPI) in Debt - Review
Posted Date : 28-Apr-2018 , 06:57:22 am | Posted By: CASANSAAR
RBI/2017-18/168
A.P. (DIR Series) Circular No. 24
April 27, 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, 2000 notified videNotification No. FEMA.20/2000-RB dated May 3, 2000, as amended from time to time and the re...
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Category :
RBI |
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Condonation of Delay Scheme Extended to 1st May - MCA
Posted Date : 28-Apr-2018 , 06:54:23 am | Posted By: CASANSAAR
In continuation to the Ministry's General Circular No. 16/2017 dated 29/12/2017 and General Circular No. 02/2018 dated 28.03.2018 on the subject cited above and to state that the closing date of the scheme viz. 30.04.2018 is falling under gazetted holiday on account of 'Budh Purnima', therefore, this Ministry has decided to give one day extension of the said scheme i.e. up to 01.05.2018....
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Corporate Laws |
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IBBI debars a CA from practicing as Insolvency Professional for 90 days
Posted Date : 26-Apr-2018 , 09:54:27 am | Posted By: CASANSAAR
The Disciplinary Committee of the Insolvency and Bankruptcy Board of India had issued an ex-parte interim order dated 8th March, 2018 against Mr. Mukesh Mohan, Insolvency Professional [Regn. No. IBBI/IPA-001/IP-P00018/2016-2017/10042] pending completion of inspection. A copy of ex-parte interim order is annexed to this order....
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Corporate Laws |
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Pre-registration educational course under IBBI (IP) Regulations, 2016
Posted Date : 24-Apr-2018 , 08:19:44 am | Posted By: CASANSAAR
In terms of the IBBI (Insolvency Professionals) Regulations, 2016, an individual is eligible for registration as an insolvency professional, subject to meeting other requirements, if he has completed a pre-registration educational course, as may be required by the Board, from an insolvency professional agency (IPA) after his enrolment as a professional member.
The pre-registration educational course shall be delivered by the IPAs in not less than 50 hours either in class room sessions or in M...
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Corporate Laws |
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Master Direction - Know Your Customer (KYC) Direction, 2016
Posted Date : 21-Apr-2018 , 09:56:45 am | Posted By: Manya
RBI/DBR/2015-16/18
Master Direction DBR.AML.BC.No.81/14.01.001/2015-16
February 25, 2016
(Updated as on April 20, 2018)
Master Direction - Know Your Customer (KYC) Direction, 2016
In terms of the provisions of Prevention of Money-Laundering Act, 2002 and the
Prevention of Money-Laundering (Maintenance of Records) Rules, 2005, Regulated
Entities (REs) are required to follow certain customer identification procedures while
undertaking a transaction either by establishing an account based r...
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Category :
RBI |
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Format of Annual Compliance Certificate for Insolvency Professional Agencies
Posted Date : 21-Apr-2018 , 09:10:14 am | Posted By: CASANSAAR
Format of ANNUAL COMPLIANCE CERTIFICATE(Annexure A) to be submitted by the IPAs to the IBBI and to be displayed on its website within 45 days of the closure of the financial year....
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Corporate Laws |
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