Section 23 of Banking Regulation Act, 1949 - Relaxations in Branch Authorisation Policy - Off Site ATMs
Posted Date : 15-Jan-2016 , 08:28:55 am | Posted By: CASANSAAR
RBI/2015-16/288
DBR.No.BAPD.BC.72/22.01.001/2015-16
January 14, 2016
All Scheduled Commercial Banks
(Including RRBs)
Dear Sir/Madam,
Section 23 of Banking Regulation Act, 1949 -
Relaxations in Branch Authorisation Policy - Off Site ATMs
Please refer tocircular DBOD. No. BL. BC. 137/22.01.001/2008-09 dated June 12, 2009, on the above subject, permitting Scheduled Commercial Banks to install off-site ATMs at centres/places identified by them without having the need to take permis...
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RBI |
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Export of Goods and Services – Project Exports
Posted Date : 15-Jan-2016 , 08:27:04 am | Posted By: CASANSAAR
RBI/2015-16/287
A.P. (DIR Series) Circular No. 39
January 14, 2016
To
All Category – I Authorised Dealer Banks
Madam/ Sir,
Export of Goods and Services – Project Exports
Attention of Authorised Dealers is invited to Regulation 18 ofNotification No. FEMA 23/2000-RB dated 3rd May 2000viz. Foreign Exchange Management (Export of Goods and Services) Regulations, 2000 in terms of which export of goods or services on deferred payment terms or in execution of a turnkey proje...
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FEMA |
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Financial Literacy Centres (FLCs) – Revised Guidelines
Posted Date : 15-Jan-2016 , 08:26:05 am | Posted By: CASANSAAR
RBI/2015-16/286
FIDD.FLC.BC.No.18/12.01.018/2015-16
January 14, 2016
To
Chairman/MD & CEO
Scheduled Commercial Banks
(Including RRBs)
Dear Sir/Madam,
Financial Literacy Centres (FLCs) – Revised Guidelines
Please refer to ourcirculars RPCD.FLC.No.12452/12.01.018/2011-12 dated June 6, 2012andRPCD.FLC.No.7641/12.01.018/ 2012-13 dated January 31, 2013issuing operational guidelines for conduct of financial literacy camps by FLCs and rural branches of banks.
Subsequent ...
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RBI |
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Master Circular – Basel III Capital Regulations - Clarification
Posted Date : 15-Jan-2016 , 08:25:13 am | Posted By: CASANSAAR
RBI/2015-16/285
DBR.No.BP.BC.71/21.06.201/2015-16
January 14, 2016
All Scheduled Commercial Banks
(Excluding Local Area Banks
and Regional Rural Banks)
Madam / Sir,
Master Circular – Basel III Capital Regulations - Clarification
Please refer to para 7: Coupon Discretion on Additional Tier 1 Debt Capital Instruments of theCircular DBOD.No.BP.BC.38/21.06.201/2014-15 dated September 1, 2014on ‘Implementation of Basel III Capital Regulations in India – Amendments&...
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RBI |
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Employers to pay PF Contributions by 15th- Grace period removed
Posted Date : 11-Jan-2016 , 08:15:07 am | Posted By: CASANSAAR
Employees’ Provident Fund Organisation
(Ministry of Labour & Employment, Govt. of India),
Head Office
Bhavishya Nidhi Bhawan, 14- Bhikaji Cama Place, New Delhi — 110066
Fax: 011-26173022, Telephone: 26172685
No. WSU/9(1)2013/Settlement/35631 Date:08th January, 2016
To
M ACCs (Zones) All RPFC/OICs of ROs/SROs.
Sub: Payment of contribution by the employers by 15th of the following month —Removing of grace period of 5 days.
Sir/Madam,
As per par...
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Income Tax |
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Master Circular- Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by FIs- Amendment
Posted Date : 09-Jan-2016 , 08:44:38 am | Posted By: CASANSAAR
RBI/2015-16/283
DBR.No.FID.FIC 5/01.02.00/ 2015-16
January 07, 2016
All-India Term-Lending and Refinancing Institutions
(EXIM Bank, NABARD, NHB and SIDBI)
Dear Sir/ Madam
Master Circular- Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by FIs- Amendment
Please refer to Paragraph No.2.5.3.4 (iii) ofMaster Circular DBR.No.FID.FIC.3/01.02.00/2015-16 dated July 01, 2015on Prudential Norms for Classification, Valuation and Operation of Investment ...
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RBI |
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Setting up of IFSC Banking Units (IBUs) – Permissible activities
Posted Date : 09-Jan-2016 , 08:43:33 am | Posted By: CASANSAAR
RBI/2015-16/282
DBR.IBD.BC. 8536/23.13.004/2015-16
January 07, 2016
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Dear Sir/Madam,
Setting up of IFSC Banking Units (IBUs) – Permissible activities
Please refer to ourcircular DBR.IBD.BC.14570/23.13.004/2014-15 dated April 01, 2015setting out RBI directions relating to financial institutions set up in the International Financial Services Centres (IFSC). Based on the feedback and requests received from various...
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RBI |
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Non-Fund Based Facility to Non-constituent Borrowers of Bank
Posted Date : 09-Jan-2016 , 08:42:41 am | Posted By: CASANSAAR
RBI/2015-16/281
DBR.Dir.BC.No.70/13.03.00/2015-16
January 07, 2016
All Scheduled Commercial Banks
(Excluding RRBs)
Dear Sir/Madam
Non-Fund Based Facility to Non-constituent Borrowers of Bank
Please refer to paragraph 2(iii) of ourcircular DBOD.Dir.BC.62/13.07.09/2002-03 dated January 24, 2003on ‘Discounting/Rediscounting of Bills by banks’ advising banks not to extend any non-fund...
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RBI |
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Penalty u/s 271(1)(c) wherein additions/disallowances made under normal provisions of the Income-tax Act, 1961 but tax levied under MAT provisions u/s 115JB/115JC, for cases prior to A.Y. 2016-17
Posted Date : 01-Jan-2016 , 08:57:27 pm | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
CENTRAL BOARD OF DIRECT TAXES
NEW DELHI
CIRCULARNO. 25/2015
Dated : December 31, 2015
Subject:Penaltyu/s 271(1)(c) wherein additions/disallowances made under normal provisions of the Income Tax Act, 1961 but tax levied under MAT provisions u/s 115JB/115JC, forcasespriorto A.Y. 2016-17-reg.-
Section 115JB of the Act is a special provision for levy ofMinimum Alternate Taxon Companies, inserted by FinanceAct 2000with effect from 1-4-2001.
...
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Income Tax |
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Rcording of satisfaction note under section 158BD/153C of the Act
Posted Date : 01-Jan-2016 , 08:54:39 pm | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRYOF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
NEW DELHI
CIRCULARNO. 24/2015,
Dated: December 31, 2015
Subject: Recording of satisfaction note under section 158BD/153C ofthe Act- reg.-
The issue of recording of satisfaction for the purposes of section 158BD/153C has been subject matter oflitigation.
2. The Hon’ble Supreme Court inthe caseofM/s Calcutta Knitwears in its detailed judgment in Civil Appeal No.3958 of 2014 dat...
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Income Tax |
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Notification under section 458 of Companies Act, 2013: Delegating of powers to RDs under section 208 of the said Act
Posted Date : 01-Jan-2016 , 08:26:00 pm | Posted By: CASANSAAR
s.o. In exercise of the powers conferred by section 458 of the Companies Act, 2013 (18 of 2013) the Central Government hereby delegates to the Regional Directors atMumbai, Kolkata, Chennai, Delhi, Ahmedabad, Hyderabad and Shillong, the power vested in it under section 208 of the said Act for receiving the report from the Regishar (having jurisdiction over the place of registered office of the company concerned) or from the Inspector where such report recommends action for violation of offences u...
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Companies Act |
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Roadmap for opening brick and mortar branches in villages with population more than 5000 without a bank branch of a scheduled commercial bank
Posted Date : 01-Jan-2016 , 08:22:48 pm | Posted By: CASANSAAR
RBI/2015-16/277
FIDD.CO.LBS.BC.No. 82 /02.01.001/2015-16
December 31, 2015
The Chairman and Managing Director
SLBC Convenor Banks
Dear Sir/Madam,
Roadmap for opening brick and mortar branches in villages with population more than 5000 without a bank branch of a scheduled commercial bank
You are aware that SLBC Convenor banks were advised videcircular RPCD.CO.LBS.BC. No. 86/02.01.001/2011-12 dated June 19, 2012to prepare a roadmap to provide banking services in all unbanked villa...
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RBI |
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Discontinuation of the requirement for Paper to Follow (P2F) for Central Government cheques under Cheque Truncation System
Posted Date : 01-Jan-2016 , 08:21:48 pm | Posted By: CASANSAAR
RBI/2015-16/278
DGBA.GAD.No. 2036/42.01.035/2015-16
December 31, 2015
The Chairman and Managing Director/
The Chief Executive Officer
All Agency Banks
Dear Sir/Madam
Discontinuation of the requirement for Paper to Follow (P2F) for
Central Government cheques under Cheque Truncation System
With a view to enhancing efficiency in cheque clearing, Reserve Bank has introduced Cheque T...
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RBI |
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Extension of Credit Facilities to Overseas Step-down Subsidiaries of Indian Corporates
Posted Date : 01-Jan-2016 , 08:20:35 pm | Posted By: CASANSAAR
RBI/2015-16/279
DBR.IBD.BC.No.68/23.37.001/2015-16
December 31, 2015
All Scheduled Commercial Banks
(Excluding RRBs and LABs)
Madam/Dear Sir,
Extension of Credit Facilities to Overseas Step-down
Subsidiaries of Indian Corporates
Please refer to ourcircular DBOD.IBD.BC.No.96/23.37.001/2006-07 dated May 10, 2007permitting banks in India to extend funded and/or non-funded credit facilities to step-down subsidiaries of the overseas subsidiaries of Indian companies that may not be w...
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RBI |
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Electronic filing of first appeal before CIT(Appeals) - CBDT
Posted Date : 31-Dec-2015 , 07:13:40 am | Posted By: CASANSAAR
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
PRESS RELEASE
New Delhi, 30th December, 2015
Subject: Electronic filing of first appeal before CIT(Appeals) – reg.
It is the endeavour of the Income tax Department to digitise various functions of the Department for providing efficient taxpayer services. As another significant step in this
direction, electronic filing of appeal before CIT(Appeals) is being made mandatory for pe...
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Income Tax |
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Issuing Questionnaire in cases selected for scrutiny - CBDT
Posted Date : 30-Dec-2015 , 08:32:37 am | Posted By: CASANSAAR
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
North Block, New Delhi
Instruction No. 19/2015
Dated the 29th of December, 2015
To
All Pr. Chief-Commissioners of Income-tax/
Chief-Commissioners of Income-tax
All Pr. Directors-General of Income-tax/
Directors-General of Income-tax
Subject- IssuingQuestionnaireincasesselected for scrutiny- regarding
Sir/Madam
Instances have come to the notice of the Board that in cases s...
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Category :
Income Tax |
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TDS under section 194A of the Act on interest on fixed deposit made on directions of Courts
Posted Date : 30-Dec-2015 , 08:31:19 am | Posted By: CASANSAAR
TDS under section 194A of the Act on interest on fixed deposit made on directions of Courts. Circular No. 23/2015 dated 28/12/2015....
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Income Tax |
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Withdrawal of all old series of Banknotes issued prior to 2005 - RBI
Posted Date : 24-Dec-2015 , 08:01:33 am | Posted By: CASANSAAR
RBI/2015-16/275
DCM (Plg) No.G-8/2331/10.27.00/2015-16
December 23, 2015
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks
Primary (Urban) Co-operative Banks / RRBs
Madam / Dear Sir,
Withdrawal of all old series of Banknotes issued prior to 2005
Please refer to ourcircular DCM (Plg) No.G-15/5486/10.27.00/2014-15 dated June 26, 2015and thePress Release dated June 25, 2015on the captioned subject.
2. On a review of the matter, it has bee...
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RBI |
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Special Deposit Scheme 1975 – Payment of interest for the calendar year 2015
Posted Date : 24-Dec-2015 , 08:00:30 am | Posted By: CASANSAAR
RBI/2015-16/274
DGBA.GAD. No. 2023/15.01.001/2015-16
December 23, 2015
The Chairman & Managing Director
Head Office
Government Accounts Department
State Bank of India / State Bank of Patiala
State Bank of Bikaner & Jaipur /State Bank of Travancore
State Bank of Hyderabad / State Bank of Mysore
Allahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra/
Canara Bank / Central Bank of India / Corporation Bank / Dena Bank / Indian Bank/
Indian Overseas Bank / Orient...
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RBI |
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Allowability of employer's contribution to funds for the welfare of employees terms of section 43B(b) of the Income-tax Act
Posted Date : 22-Dec-2015 , 05:49:10 am | Posted By: CASANSAAR
Circular No. 22/2015 - Allowability of employer's contribution to funds for the welfare of employees terms of section 43B(b) of the Income-tax Act !New 17 December 2015
CIRCULAR
...
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Income Tax |
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Commencement of section 13 & 14 of the Companies (Amendment) Act, 2015 - MCA
Posted Date : 22-Dec-2015 , 05:44:25 am | Posted By: CASANSAAR
S. O. 3388(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2015 (21 of 2015), the Central Government hereby appoints the 14th day of December, 2015 as the date on which the provisions of section 13 and 14 of the said Act shall come into force. ...
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Companies Act |
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RBI Circular - Interest Rates on Advances
Posted Date : 18-Dec-2015 , 07:50:36 am | Posted By: CASANSAAR
RBI/2015-16/273
DBR.No.Dir.BC.67/13.03.00/2015-16
December 17, 2015
All Scheduled Commercial Banks
(Excluding RRBs)
Dear Sir/ Madam
Interest Rates on Advances
A reference is invited toparagraph 22of the first Bi-monthly Monetary Policy Statement 2015-16 announced on April 7, 2015 which stated that in order to improve the efficiency of monetary policy transmission, the Reserve Bank will encourage banks to move in a time-bound manner to marginal-cost-of-funds-based determination o...
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RBI |
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Mobile Banking Transactions in India - Operative Guidelines for Banks
Posted Date : 18-Dec-2015 , 07:49:32 am | Posted By: CASANSAAR
RBI/2015-16/269
DPSS.CO.PD.No./1265/02.23.001/2015-2016
December 17, 2015
The Chairman and Managing Director / Chief Executive Officers
All Scheduled Commercial Banks including RRBs /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks /
White Label ATM Operators
Madam /Dear Sir
Mobile Banking Transactions in India - Operative Guidelines for Banks – Customer Registration for Mobile Banking
A reference is invited topara 7of the Maste...
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Category :
SEBI |
Comments :
0 | Hits : 4944
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Income-tax (21st Amendment) Rules, 2015 regarding 15CA & 15CB
Posted Date : 17-Dec-2015 , 03:01:18 pm | Posted By: CASANSAAR
In exercise of the powers conferred by sub-section (6) of section 195 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:-
1. (1) These rules may be called the Income-tax (21st Amendment) Rules, 2015.
(2) They shall come into force on the 1 st day of April, 2016....
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Income Tax |
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Applicability of service tax on the services received by apparel exporters in relation to fabrication of garments
Posted Date : 16-Dec-2015 , 07:25:16 am | Posted By: CASANSAAR
Circular No.190/9/2015-Service Tax
F.No.354/153/2014-TRU
Government of India
Ministry of Finance
Department of Revenue
(Tax Research Unit)
*****
Dated- 15thDecember, 2015
To,
Principal Chief Commissioners of Customs and Central Excise(All)
Principal Chief Commissioners of Central Excise & Service Tax (All)
Principal Director Generals of Goods and Service Tax/System/CEI
Director General of Audit/Tax Payer Services,
Principal Commissioners/ Commissioner...
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Category :
Service Tax |
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Guidelines on trading of Currency Futures and Exchange Traded Currency Options in Recognized Stock Exchanges
Posted Date : 11-Dec-2015 , 08:01:53 am | Posted By: CASANSAAR
RBI/2015-16/267
A.P. (DIR Series) Circular No. 35
December 10, 2015
To
All Authorised Dealer Category - I Banks
Madam / Sir,
Guidelines on trading of Currency Futures and Exchange Traded Currency Options in Recognized Stock Exchanges – Introduction of Cross-Currency Futures and Exchange Traded Option Contracts
Attention of Authorized Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contrac...
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Category :
FEMA |
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Section 24 and Section 56 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR)
Posted Date : 11-Dec-2015 , 07:56:43 am | Posted By: CASANSAAR
RBI/2015-16/262
DBR.No.Ret.BC.64/12.01.001/2015-16
December 10, 2015
All Commercial Banks, Primary (Urban) Co-operative Banks (UCBs),
State and Central Co-operative Banks (StCBs/CCBs)
Dear Sir,
Section 24 and Section 56 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR)
Please refer tocirculars DBR.Ret.BC.70/12.02.001/2014-15andDCBR.BPD.(PCB/RCB).Cir.No.14/16.26.000/2014-15 dated February 03, 2015, on maintenance of Statutory Liquidity Ratio und...
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RBI |
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Fourth Bi-monthly Monetary Policy Statement, 2015-16 – SLR Holdings under Held to Maturity Category
Posted Date : 11-Dec-2015 , 07:53:22 am | Posted By: CASANSAAR
RBI/2015-16/261
DBR.No.BP.BC.65/21.04.141/2015-16
December 10, 2015
All Commercial Banks
Dear Sir,
Fourth Bi-monthly Monetary Policy Statement, 2015-16 –
SLR Holdings under Held to Maturity Category
In terms of ourcircular DBOD.No.BP.BC.42/21.04.141/2014-15 dated October 7, 2014and also,RPCD.CO.RRB.BC 34/03.05.33/2014-15 dated October 20, 2014on ‘Fourth Bi-monthly Monetary Policy Statement, 2014-15 – SLR Holdings under Held to Maturity Category’, all bank...
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Category :
RBI |
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RBI Circular - Regional Rural Banks - Priority Sector Lending – Targets and Classification
Posted Date : 04-Dec-2015 , 06:00:44 pm | Posted By: Aarti Sharma
RBI/2015-16/257
FIDD.CO.Plan.BC.No.14/04.09.01/2015-16
December 3, 2015
The Chairman
All Regional Rural Banks
Dear Sir/Madam,
Regional Rural Banks - Priority Sector Lending – Targets and Classification
During the last decade, Regional Rural Banks (RRBs) have undergone significant structural and operational changes, be it two-phased amalgamation, implementation of CBS platform or recapitalization, inter alia. Considering the growing significance of RRBs in pursuit of financ...
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RBI |
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Circular on TDS from salaries for FY 2015-16 - CBDT
Posted Date : 04-Dec-2015 , 06:37:33 am | Posted By: CASANSAAR
Reference is invited to Circular No.17/2014 dated 10.12.2014 whereby the rates of deduction of income-tax from the payment of income under the head "Salaries" under Section 192 of the Income-tax Act, 1961 (hereinafter ‘the Act’), during the financial year 2014-15, were intimated. The present Circular contains the rates of deduction of income-tax from the payment of income chargeable under the head "Salaries" during the financial year 2015-16 and explains certain r...
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Category :
CBDT |
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