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...
Continue Reading...
Category :
Companies Act |
Comments :
0 | Hits : 1434
|
 |
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....
Continue Reading...
Category :
Corporate Laws |
Comments :
0 | Hits : 2156
|
|
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....
Continue Reading...
Category :
Corporate Laws |
Comments :
0 | Hits : 1158
|
|
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,...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 1416
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1299
|
|
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....
Continue Reading...
Category :
Corporate Laws |
Comments :
0 | Hits : 1697
|
|
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....
Continue Reading...
Category :
Corporate Laws |
Comments :
0 | Hits : 1646
|
|
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...
Continue Reading...
Category :
Corporate Laws |
Comments :
0 | Hits : 1867
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1389
|
|
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....
Continue Reading...
Category :
Corporate Laws |
Comments :
0 | Hits : 1317
|
|
Govt. notifies CGST (Fourth Amendment) Rules, 2018
Posted Date : 19-Apr-2018 , 09:27:23 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:-...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1419
|
|
Notification seeks to make amendments (Fourth Amendment) to the CGST Rules, 2017.
Posted Date : 18-Apr-2018 , 04:17:27 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. 21/2018 – Central Tax
New Delhi, the 18th April, 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 follow...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1079
|
|
Sovereign Gold Bond Scheme 2018-19 Series-I, Operational Guidelines
Posted Date : 14-Apr-2018 , 10:09:56 am | Posted By: Manya
RBI/2017-18/164
IDMD.CDD.No.2652/14.04.050/2017-18
April 13 2018
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 2018-19 Series-I, Operational Guidelines
This has reference to the GoI notification F.No.4(8)-W&M/2018 and RBI circular IDMD.CDD.No.2651/14....
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1339
|
|
Sovereign Gold Bond Scheme 2018-19 Series I
Posted Date : 14-Apr-2018 , 10:07:18 am | Posted By: Manya
RBI/2017-18/163
IDMD.CDD.No.2651/14.04.050/2017-18
April 13, 2018
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 2018-19 Series I
Government of India has vide its Notification F.No.4(8)-W&M/2018 dated April 13, 2018 announced that the Sovereign Gold ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1180
|
|
Cassette - Swaps in ATMs
Posted Date : 13-Apr-2018 , 10:03:58 am | Posted By: Manya
RBI/2017-18/162
DCM (Plg.) No. 3641/10.25.007/2017-18
April 12, 2018
The Chairman and Managing Director/
Chief Executive Officer
All Banks
Dear Sir,
Cassette - Swaps in ATMs
As stated in para 15 of the monetary policy statement dated October 04, 2016, the Bank had constituted a Committee on Currency Movement (CCM) [Chair: Shri D.K. Mohanty, Executive Director] to review the entire gamut of security of the treasure in transit. The recommendations of the Committee have been exami...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1346
|
|
Liberalised Remittance Scheme (LRS) for Resident Individuals – daily reporting of transactions
Posted Date : 13-Apr-2018 , 10:02:52 am | Posted By: Manya
RBI/2017-18/161
A.P. (DIR Series) Circular No. 23
April 12, 2018
To
All Category - I Authorised Dealer Banks
Madam / Sir
Liberalised Remittance Scheme (LRS) for Resident Individuals – daily reporting of transactions
Please refer to the announcement made in para 10 of Part II of the First Bi Monthly Monetary Policy Statement 2018-19 dated April 05, 2018.
2. Currently, transactions under Liberalised Remittance Scheme (LRS) are being permitted by AD banks based on the de...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1406
|
|
Interest rates for Small Savings Schemes
Posted Date : 12-Apr-2018 , 05:53:06 pm | Posted By: Manya
RBI/2017-18/160
DGBA.GBD. 2573/15.02.005/2017-18
April 12, 2018
The Chairman/Chief Executive Officer
Agency Banks handling Small Saving Schemes
Dear Sir
Interest rates for Small Savings Schemes
Please refer to our circular DGBA.GBD.1781/15.02.005/2017-18 dated January 11, 2018 on the above subject. The Government of India, has vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated March 28, 2018 has stated that the interest rates on Small Savings Schemes for the fir...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1418
|
|
MCA amends Tables in Schedule I related to MOA and AOA
Posted Date : 12-Apr-2018 , 08:13:44 am | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
Notification
New Delhi: 10.04.2018.
GSR. _ (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 alteration to the Schedule I of the said Act, namely:-
2. In the Companies Act, 2013, in Schedule I, –
(i) in Table F, in paragraph II, –
(a) in sub-paragraph (2), for item (ii), the following item shall be su...
Continue Reading...
Category :
Companies Act |
Comments :
0 | Hits : 1621
|
|
RBI Reference Rate for US $
Posted Date : 10-Apr-2018 , 02:33:37 pm | Posted By: Manya
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.9368 on April 10, 2018.
The corresponding rate for the previous day (April 09, 2018) was ₹ 64.9287.
Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below:
...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 937
|
|
Money Market Operations as on April 09, 2018
Posted Date : 10-Apr-2018 , 11:28:13 am | Posted By: Manya
...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 964
|
|
Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations
Posted Date : 10-Apr-2018 , 11:26:28 am | Posted By: Manya
The result of the RBI Fixed Rate Reverse Repo Operations held on April 09, 2018 is as under:...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 960
|
|
Transport allowance of Rs.1,600 pm withdrawn by CBDT
Posted Date : 10-Apr-2018 , 07:58:23 am | Posted By: CASANSAAR
S.O. 1517(E).—In exercise of the powers conferred by section 295, read with sub-clause (ii) of clause (14) of section 10 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:-...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1673
|
|
Storage of Payment System Data
Posted Date : 07-Apr-2018 , 10:20:00 am | Posted By: Manya
RBI/2017-18/153
DPSS.CO.OD No.2785/06.08.005/2017-2018
6 April 2018
The Chairman and Managing Director / Chief Executive Officers,
Authorised Payment Systems /
All Scheduled Commercial Banks including RRBs /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks /Payment Banks / Small Finance Banks and Local Area Banks
Madam / Sir,
Storage of Payment System Data
Please refer to paragraph 4 of the Statement on Development and Regulatory Polic...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1234
|
|
Action Points for Lead Banks on Enhancing the Effectiveness of Lead District Managers (LDMs)
Posted Date : 07-Apr-2018 , 10:13:53 am | Posted By: Manya
RBI/2017-2018/156
FIDD.CO.LBS.BC.No.20/02.01.001/2017-18
April 6, 2018
The Chairmen/Managing Directors/Chief Executive Officers
All Lead Banks
Madam/ Dear Sir,
Action Points for Lead Banks on Enhancing the Effectiveness of Lead District Managers (LDMs)
As you are aware, the Lead Bank Scheme was last reviewed by the “High Level Committee” under Smt Usha Thorat, then Deputy Governor of Reserve Bank of India, as the Chairperson in 2009. In view of changes that have take...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1171
|
|
Revamp of Lead Bank Scheme - Action Points for SLBC Convenor Banks/ Lead Banks
Posted Date : 07-Apr-2018 , 10:12:27 am | Posted By: Manya
RBI/2017-2018/155
FIDD.CO.LBS.BC.No.19/02.01.001/2017-18
April 6, 2018
The Chairmen/Managing Directors/Chief Executive Officers
All SLBC Convenor Banks/ Lead Banks
Madam/Dear Sir,
Revamp of Lead Bank Scheme - Action Points for SLBC Convenor Banks/ Lead Banks
As you are aware, the Lead Bank Scheme (LBS) was last reviewed by the “High Level Committee” under Smt Usha Thorat, then Deputy Governor of Reserve Bank of India as the Chairperson in 2009. In view of changes tha...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1163
|
|
Cash Management activities of the banks Standards for engaging the Service Provider and its sub-contractor
Posted Date : 07-Apr-2018 , 10:09:00 am | Posted By: Manya
RBI/2017-18/152
DCM (Plg) No.3563/10.25.07/2017-18
April 06, 2018
The Chairman / Managing Director / Chief Executive Officer,
Public Sector Banks / Private Sector Banks / Foreign Banks /
Regional Rural Banks / Primary (Urban) Co-operative Banks /
State Co-operative Banks / District Central Co-operative Banks.
Madam / Dear Sir,
Cash Management activities of the banks
Standards for engaging the Service Provider and its sub-contractor
It was announced vide para 11 of the Stateme...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1138
|
|
Prohibition on dealing in Virtual Currencies (VCs)
Posted Date : 07-Apr-2018 , 10:03:26 am | Posted By: Manya
RBI/2017-18/154
DBR.No.BP.BC.104 /08.13.102/2017-18
April 6, 2018
All Commercial and Co-operative Banks /Payments Banks/Small Finance Banks /
NBFCs / Payment System Providers
Madam / Dear Sir,
Prohibition on dealing in Virtual Currencies (VCs)
Reserve Bank has repeatedly through its public notices on December 24, 2013, February 01, 2017 and December 05, 2017, cautioned users, holders and traders of virtual currencies, including Bitcoins, regarding various risks associated in dea...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1163
|
|
Comprehensive Guidelines on Derivatives: Modifications
Posted Date : 07-Apr-2018 , 10:02:13 am | Posted By: Manya
RBI/2017-18/151
DBR.No.BP.BC.103/21.04.157/2017-18
April 6, 2018
The Chairman and Managing Directors/ Chief Executive Officers of
All Scheduled Commercial Banks (excluding RRBs and LABs),
All India Term-Lending & Refinancing Institutions &
Primary Dealers
Dear Sir,
Comprehensive Guidelines on Derivatives: Modifications
Please refer to para 8.3 of the circular DBOD No.BP.BC.44/21.04.157/2011-12 dated November 2, 2011, in terms of which ‘user suitability and approp...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1146
|
|
Investment by Foreign Portfolio Investors (FPI) in Government Securities -
Posted Date : 07-Apr-2018 , 10:00:42 am | Posted By: Manya
RBI/2017-18/150
A.P.(DIR Series) Circular No. 22
April 06, 2018
To
All Authorized Persons
Madam / Sir
Investment by Foreign Portfolio Investors (FPI) in Government Securities -
Medium Term Framework – 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 vide Notification No. FEMA.20/2000-RB dated May ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1099
|
|
Clarification on issues related to furnishing of Bond/Letter of Undertaking for exports
Posted Date : 07-Apr-2018 , 08:48:32 am | Posted By: CASANSAAR
Various communications have been received from the field formations and exporters that the LUTs being submitted online in FORM GST RFD-11 on the common portal are not visible to the jurisdictional officers of Central Board of Indirect Taxes and Customs and of a few States. Therefore, a need was felt for a clarification regarding the acceptance of LUTs being submitted online in FORM GST RFD-11...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1105
|
|
|
|
