Master Direction - Other Remittance Facilities
Posted Date : 09-Jul-2016 , 11:16:15 am | Posted By: CASANSAAR
All Primary (Urban) Co-operative Banks (UCBs),
State / District Central Co-operative Banks (StCBs / DCCBs)
Dear Sir / Madam
Long Term (Subordinated) Deposits (LTDs) – Review of guidelines
Please refer to ourcirculars UBD.PCB.Cir.No.4/09.18.201/08-09 dated July 15, 2008andRPCD.RCB.BC.73/07.51.012/2013-14 dated January 7, 2014prescribing guidelines for issue of Long Term (Subordinated) Deposits by UCBs and StCBs/DCCBs respectively.
2. On a review, it has been decided to provide ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 956
|
 |
CENTRAL BOARD OF ECISE AND CUSTOMS
Posted Date : 09-Jul-2016 , 11:01:34 am | Posted By: CASANSAAR
S.O. (E). - In exercise of the powers conferred by clause (ii) of sub-section (2) of section 61 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue), number 18/2003-Customs, dated 1st march 2003, published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section(i),vide number...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 855
|
|
Discontinuation of Reporting of Bank Guarantee on behalf of service importers
Posted Date : 09-Jul-2016 , 10:56:30 am | Posted By: CASANSAAR
Dear Sir
Revision of interest rates for Small Savings Schemes
Please refer to ourcircular RBI/2014-15/536 dated April 1, 2015on the above subject. The Government of India, have vide their Office Memorandum (OM) No.F.No. 1/04/2016 –NS.II dated March 18, 2016, advised the revised rate of interest on various small savings schemes for the first quarter of the financial year 2016-17 (copy enclosed).
2. The contents of this circular may be brought to the notice of the branches of your b...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 873
|
|
CENTRAL BOARD OF ECISE AND CUSTOMS
Posted Date : 09-Jul-2016 , 10:53:08 am | Posted By: CASANSAAR
Customs (N.T.) S.O. (E). - In exercise of the powers conferred by clause (a) of sub-section (1) of the section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No. 62/1994 –Customs (N.T), dated the 21st November, 1994, published in the Gazette of India, vide number S.O. 829 (E), dated the 21st November, 1994, name...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 866
|
|
Deendayal Antyodaya Yojana- National Urban Livelihoods Mission (DAY-NULM)
Posted Date : 09-Jul-2016 , 10:44:05 am | Posted By: CASANSAAR
Dear Sir/Madam,
Master Circular: Deendayal Antyodaya Yojana- National Urban Livelihoods Mission (DAY-NULM)
Reserve Bank of India has periodically issued instructions/directives to banks with regard to operationalisation of the Government of India’s National Urban Livelihoods Mission (NULM) Scheme now renamed as “Deendayal Antyodaya Yojana- National Urban Livelihoods Mission (DAY-NULM)”. To enable banks to have current instructions at one place, thisMaster Circularis being...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1058
|
|
Operationalisation of Central KYC Registry (CKYCR) and KYC norms for Foreign Portfolio Investors (FPIs)
Posted Date : 08-Jul-2016 , 10:35:32 pm | Posted By: CASANSAAR
RBI/2016-2017/11
DBR.AML.BC.No.1/14.01.001/2016-17
July 8, 2016
All Regulated Entities (REs)
Dear Sir/Madam,
Amendment to Master Direction on KYC – Operationalisation of Central KYC Registry (CKYCR) and KYC norms for Foreign Portfolio Investors (FPIs)
In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, the Reserve Bank of India hereby directs that the Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016Master Direction No....
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1159
|
|
Discontinuation of Reporting of Bank Guarantee on behalf of service importers
Posted Date : 08-Jul-2016 , 10:33:42 pm | Posted By: CASANSAAR
RBI/2016-17/8
A.P. (DIR Series) Circular No. 1
July 07, 2016
To
All Category - I Authorised Dealer Banks
Madam/Sir,
Discontinuation of Reporting of Bank Guarantee on behalf of service importers
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to para no. 5 of theMaster Direction No.8 dated January 01, 2016on ‘Other Remittance Facilities’ in terms of which, AD Category-I banks were permitted to issue guarantees in favour of a non-resident s...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 1089
|
|
Long Term (Subordinated) Deposits (LTDs) – Review of guidelines
Posted Date : 08-Jul-2016 , 10:31:43 pm | Posted By: CASANSAAR
RBI/2016-17/7
DCBR.BPD.Cir No. 21/09.18.201/2016-17
Ashadha 16, 1938
July 7, 2016
All Primary (Urban) Co-operative Banks (UCBs),
State / District Central Co-operative Banks (StCBs / DCCBs)
Dear Sir / Madam
Long Term (Subordinated) Deposits (LTDs) – Review of guidelines
Please refer to ourcirculars UBD.PCB.Cir.No.4/09.18.201/08-09 dated July 15, 2008andRPCD.RCB.BC.73/07.51.012/2013-14 dated January 7, 2014prescribing guidelines for issue of Long Term (Subordinated) Deposit...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 973
|
|
Revision of interest rates for Small Savings Schemes
Posted Date : 08-Jul-2016 , 10:31:00 pm | Posted By: CASANSAAR
RBI/2016-17/6
DGBA. GAD.13/15.02.005/2016-17
July 7, 2016
The Chairman/Chief Executive Officer
Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014,
Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004
Dear Sir
Revision of interest rates for Small Savings Schemes
Please refer to ourcircular DGBA.GAD.3175/15.02.005/2015-16 dated April 7, 2016on the above subject. The Government of India, have vide their Office Memorandum (OM) No.F.No. 1/04/2016 –NS...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1141
|
|
Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)
Posted Date : 08-Jul-2016 , 10:30:22 pm | Posted By: CASANSAAR
RBI/2016-17/05
FIDD.CO.GSSD.BC.No.03/09.09.01/2016-17
July 01, 2016
The Chairman / Managing Director
All Scheduled Commercial Banks
Dear Sir,
Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)
Please refer to theMaster Circular FIDD.CO.GSSD.BC.No 06/09.09.01/2015-16 dated July 01, 2015consolidating guidelines / Instructions / directions issued to banks ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1068
|
|
Master Circular- Credit Facilities to Minority Communities
Posted Date : 08-Jul-2016 , 10:29:48 pm | Posted By: CASANSAAR
RBI/2016-17/04
FIDD.GSSD.BC.No.01/09.10.01/2016-17
July 1, 2016
The Chairman/ Managing Director
All Scheduled Commercial Banks
Dear Sir,
Master Circular- Credit Facilities to Minority Communities
Please refer to ourMaster Circular FIDD.GSSD.BC.No.05/09.10.01/2015-16 dated July 01, 2015, consolidating the instructions / guidelines / directives issued to banks till that date relating to Credit Facilities to Minority Communities. TheMaster Circularhas been suitably updated by incor...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 3051
|
|
Master Circular on SHG-Bank Linkage Programme
Posted Date : 08-Jul-2016 , 10:28:34 pm | Posted By: CASANSAAR
RBI/2016-17/3
FIDD.FID.BC.No.06/12.01.033/2016-17
July 01, 2016
The Chairman/ Managing Director/
Chief Executive Officer
All Scheduled Commercial Banks
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 the banks to have instructions at one place, aMaster Circularincorporating the existing guidelines/instructions on the subj...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 916
|
|
Master Circular - Lead Bank Scheme
Posted Date : 08-Jul-2016 , 10:27:18 pm | Posted By: CASANSAAR
RBI/2016-17/02
FIDD.CO.LBS.BC.No.5/02.01.001/2016-17
July 1, 2016
The Chairmen and Managing Directors
SLBC Convenor Banks/Lead Banks
Dear Sir/Madam
MASTER CIRCULAR – Lead Bank Scheme
The Reserve Bank of India has issued guidelines on Lead Bank Scheme from time to time. This Master Circular consolidates the relevant guidelines issued by Reserve Bank of India on Lead Bank Scheme up to June 30, 2016 as listed in theAppendix.
2. ThisMaster Circularhas been placed on the RBI...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1141
|
|
Custom Circular - Sale of goods at Duty Free Shops in Indian Currency
Posted Date : 08-Jul-2016 , 10:23:36 pm | Posted By: CASANSAAR
Please refer to Circular No. 495 / 7 / 2005 – Cus VI dated 28th September 2005 regarding the ceiling in payments in Indian currency of Rs. 5000/- for purchases by passengers at duty free shops at International Airports.
2. RBI has vide Notification no. FEMA 6 (R) / RB – 2015 dated 29th December 2015 permitted export from and import into India of Indian currency up to an amount not exceeding Rs 25,000/- (Rupees twenty five thousand) per person. Any person resident in India is permi...
Continue Reading...
Category :
Custom |
Comments :
0 | Hits : 1069
|
|
MCA Issues Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016
Posted Date : 05-Jul-2016 , 08:14:21 am | Posted By: CASANSAAR
n exercise of the powers confened by sub-sections (1) and (2) of section 469 of the companies Act,2013 (18 of 2013), the central Government hereby makes the following rules further to amend the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, namely:-
CLICK HERE FOR DETAIL...
Continue Reading...
Category :
Companies Act |
Comments :
0 | Hits : 1312
|
|
MCA Issues Companies (Acceptance of Deposits) Amendment Rules, 2016
Posted Date : 05-Jul-2016 , 08:12:45 am | Posted By: CASANSAAR
In exercise of the powers conferrecl by sections 73 and Z6 reacl with sub_ section (1) of section 469 of the Companies Act, 2013 (18 of 2013), the Centual Government hereby makes the following rules further to amend the Companies (Acceptance of Deposits) Rules, 2014, namely:_ (1) These rules may be called the Companies (Acceptance of Deposits) Amendment Rules, 2016....
Continue Reading...
Category :
Companies Act |
Comments :
0 | Hits : 1229
|
|
MCA Issues Companies (Removal of Difficulties) Third Order, 2016
Posted Date : 05-Jul-2016 , 08:10:06 am | Posted By: CASANSAAR
Whereas, the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act) received the assent of the President on 29th August, 2013 and section 1 thereof came into force on the same date; And, whereas, the provisions contained in section 139, which provides for appointment of auditors has come into force on the 1st April, 2014;
...
Continue Reading...
Category :
Companies Act |
Comments :
0 | Hits : 1752
|
|
Recovery of confirmed demands during stay application pendency
Posted Date : 04-Jul-2016 , 10:00:29 pm | Posted By: CASANSAAR
F. No. 208/36/2012-CX.6
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
New Delhi. dated the 4th July. 2016
To,
The Principal Chief Commissioners/ Chief Commissioners of Central Excise (All)
The Principal Chief Commissioners/ Chief Commissioners of Central Excise and Service Tax (All)
The Principal Chief Commissioners/ Chief Commissioners of Service Tax (All)
The Principal Chief Commissioners/ Chief Commissione...
Continue Reading...
Category :
Excise |
Comments :
0 | Hits : 1138
|
|
Pre-2005 series of Banknotes - Revision of exchange facility
Posted Date : 01-Jul-2016 , 08:38:30 am | Posted By: CASANSAAR
RBI/2015-16/443
DCM (Plg) No.G-12/4297/10.27.00/2015-16
June 30, 2016
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks
Primary (Urban) Co-operative Banks / RRBs /State Co-operative Banks /
District Central Co-operative Banks
Madam / Dear Sir,
Pre-2005 series of Banknotes - Revision of exchange facility
Please refer to ourcircular DCM (Plg) No.G-8/2331/10.27.00/2015-16 dated December 23, 2015,DCM (Plg) No.G-9/2856/10.27.00/2015-16 dated ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1027
|
|
Performance Audit of Crop Insurance Schemes
Posted Date : 01-Jul-2016 , 08:37:55 am | Posted By: CASANSAAR
RBI/2015-16/442
FIDD.No.FSD.BC.28/05.10.007/2015-16
June 30, 2016
The Chairman/Managing Director/Chief Executive Officer
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Madam / Sir,
Performance Audit of Crop Insurance Schemes
The Comptroller and Auditor General is conducting a performance audit of agricultural crop insurance schemes to examine the efficacy of crop insurance in providing succour to farmers who suffer damage to their crops. This audit is proposed ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 979
|
|
Settlement System under Asian Clearing Union (ACU)
Posted Date : 01-Jul-2016 , 08:37:05 am | Posted By: CASANSAAR
RBI/2015-16/441
A.P. (DIR Series) Circular No. 81
June 30, 2016
To
All Authorised Dealer Category-I Banks
Madam / Sir,
Settlement System under Asian Clearing Union (ACU)
Attention of Authorised Dealer Category-I Banks is invited to theA.P. (DIR Series) Circular No. 43 dated December 26, 2008, giving participants in ACU mechanism the option to settle their transactions either in ‘ACU Dollar’ or in ‘ACU Euro’. The 'ACU Dollar' and 'ACU Euro...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 1187
|
|
External Commercial Borrowings (ECB) – Approval Route cases
Posted Date : 01-Jul-2016 , 08:36:32 am | Posted By: CASANSAAR
RBI/2015-16/440
A.P. (DIR Series) Circular No. 80
June 30, 2016
To
All Authorised Dealer Category-I Banks
Madam / Sir
External Commercial Borrowings (ECB) – Approval Route cases
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraph no. D.15 of Annex toA.P. (DIR Series) Circular No.32 dated November 30, 2015and paragraph no. 2.11 ofMaster Direction No.5 dated January 1, 2016on External Commercial Borrowings, Trade Credit, Borrowing and Lend...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 1500
|
|
Issue of authorization for opening Controlling Offices (Regional/Zonal/Administrative Offices) u/s 23 of the Banking Regulation Act, 1949 (AACS)
Posted Date : 01-Jul-2016 , 08:35:41 am | Posted By: CASANSAAR
RBI/2015-16/438
DCBR.CO.LS (PCB) Cir.No.19/07.01.000/2015-16
June 30, 2016
Chief Executive Officers of all
Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Issue of authorization for opening Controlling Offices (Regional/Zonal/Administrative Offices) u/s 23 of the Banking Regulation Act, 1949 (AACS)
As you are aware, licence under section 23 of the BR Act, 1949 (AACS) is required for opening Controlling Offices (Regional/Zonal/Administrative Office) in terms of instructions ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1011
|
|
Amendment in rules for implementation of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Posted Date : 01-Jul-2016 , 08:34:53 am | Posted By: CASANSAAR
RBI/2015-16/437
DCBR.BPD (PCB) Cir.No.20/12.05.001/2015-16
Ashadha 9, 1938
June 30, 2016
The Chief Executive Officer
All Primary (Urban) Co-operative Banks
Dear Sir/ Madam,
Amendment in rules for implementation of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Please refer to ourcircular DCBR. BPD(PCB)Cir.No.8/12.05.001/2014-15 dated May 5, 2015on modalities for Implementation of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY)....
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1008
|
|
Guidelines for relief measures by banks in areas affected by natural calamities-utilisation of insurance proceeds
Posted Date : 01-Jul-2016 , 08:34:05 am | Posted By: CASANSAAR
RBI/2015-16/436
FIDD.No.FSD.BC.27/05.10.001/2015-16
June 30, 2016
The Chairman/ Managing Director /Chief Executive Officer
[All Scheduled Commercial Banks, (excluding Regional Rural Banks)]
Madam / Sir
Guidelines for relief measures by banks in areas affected by natural calamities-
utilisation of insurance proceeds
In terms of para 6.13 of theMaster Circular FIDD.No.FSD.BC.01/05.10.001/2015-16 dated July 1, 2015, while restructuring the loans in the areas affected by natural ca...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 938
|
|
Quarterly reporting system- Foreign branches/ subsidiaries/ joint ventures/ associates of Indian banks
Posted Date : 01-Jul-2016 , 08:32:56 am | Posted By: CASANSAAR
RBI/2015-16/435
DBS.CO.PPD.15123/11.01.021/2015-16
June 30, 2016
The Chief Executives of
Scheduled Commercial Banks
Dear Sir/ Madam,
Quarterly reporting system- Foreign branches/ subsidiaries/ joint ventures/ associates of Indian banks
Kindly refer to our circular DBS.CO.PP.BC 11/11.01.005/2007-08 dated March 24, 2008 on Quarterly reporting system- foreign branches/ subsidiaries/ joint ventur...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 958
|
|
Common registration & return for First Stage Dealer & Importer
Posted Date : 29-Jun-2016 , 09:11:58 am | Posted By: CASANSAAR
An assessee who conducts business both as an importer and a First Stage Dealer may take only one registration as he has been exempted from the requirement of taking a second registration. It may be noted that the facility is optional and any assessee needing separate registration for his own busines....
Continue Reading...
Category :
Excise |
Comments :
0 | Hits : 1250
|
|
Clarifications on the Income Declaration Scheme, 2016 - CBDT
Posted Date : 29-Jun-2016 , 09:10:10 am | Posted By: CASANSAAR
The Income Declaration Scheme, 2016 (hereinafter referred to as ‘the Scheme’) incorporated as Chapter IX of the Finance Act, 2016 provides an opportunity to persons who have not paid full taxes in the past to come forward and declare the undisclosed income and pay tax, surcharge and penalty totaling in all 45% of such undisclosed income declared. The Income Declaration Scheme Rules, 2016 (hereinafter referred to as ‘the Rules’) have been notified. In this regard, Circular...
Continue Reading...
Category :
CBDT |
Comments :
0 | Hits : 1239
|
|
Increase in All Industry Rates (AIR) of Duty Drawback on gold jewellery and silver jewellery/articles
Posted Date : 25-Jun-2016 , 09:02:44 am | Posted By: CASANSAAR
The Government has amended the AIR Drawback Notification no. 110/2015-Cus (N.T.) dated 16.11.2015 vide Notification No. 90/2016-Customs (N.T.) dated 24.06.2016 which may be downloaded and perused from www.cbec.gov.in.
2. This amendment has raised, with effect from 24.06.2016, the specific AIRs of Drawback for export of gold jewellery, silver jewellery and silver articles under tariff item numbers 711301, 711302 and 711401, respectively, and specified additional conditions when the AIRs on the...
Continue Reading...
Category :
Custom |
Comments :
0 | Hits : 1154
|
|
Service Tax on transportation of goods by a vessel from outside India before 01.06.2015
Posted Date : 25-Jun-2016 , 09:00:37 am | Posted By: CASANSAAR
In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the taxable services by way of transportation of goods by a vessel from outside India upto the customs station in India with respect to which the invoice for the service has been issued on or before the 31st May, 2016, from the whole of service tax leviable thereon, subject to the c...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 1202
|
|
|
|
