SEBI Clarifies on Computation of Minimum Net Worth
Posted Date : 16-Mar-2023 , 07:42:36 am | Posted By: CASANSAAR
Sub: Request for Informal guidance by way of an interpretive letter under the provisions of SEBI (Informal Guidance) Scheme, 2003 (“Scheme”) received from Muthoot Health Care Private Limited (“the Company”)
1. This is with reference to your Informal Guidance application dated January 02, 2023, and further email dated February 07, 2023 and February 14, 2023 seeking guidance on eligibility of issuers in respect of issuance and listing of structured debt securities/ marke...
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SEBI |
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Govt notifies Cryptocurrency – Virtual digital assets under PMLA, 2002
Posted Date : 11-Mar-2023 , 07:42:41 am | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 7th March, 2023
S.O. 1072(E).—In exercise of the powers conferred by sub-clause (vi) of clause (sa) of sub-section (1) of section 2 of the Prevention of Money-laundering Act, 2002 (15 of 2003) (hereinafter referred to the as the Act), the Central Government hereby notifies that the following activities when carried out for or on behalf of another natural or legal person in the course of business as an activit...
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Income Tax |
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Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 – Disclosures for State Co-operative Banks and Central Co-operative Banks
Posted Date : 20-Feb-2023 , 08:29:52 pm | Posted By: CASANSAAR
RBI/2022-23/181
DOR.ACC.REC.No.103/21.04.018/2022-23
February 20, 2023
Madam / Dear Sir,
Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 – Disclosures for State Co-operative Banks and Central Co-operative Banks
TheReserve Bank of India (Financial Statements-Presentation and Disclosures) Directions, 2021(‘Master Direction’) are applicable to Commercial Banks and Primary Urban Co-operative Banks (UCBs). They harmonize the ...
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RBI |
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Implementation of Indian Accounting Standards (Ind AS) - RBI
Posted Date : 20-Feb-2023 , 08:26:12 pm | Posted By: CASANSAAR
RBI/2022-23/182
DOR.ACC.REC.No.104/21.07.001/2022-23
February 20, 2023
Dear Sir/ Madam,
Implementation of Indian Accounting Standards (Ind AS)
Please refer tocircular DOR (NBFC).CC.PD.No.109/22.10.106/2019-20 dated March 13, 2020on the captioned subject read with paragraph 13 (iii) ofMaster Circular DOR.SIG.FIN.REC 1/26.03.001/2022-23 dated April 1, 2022on Asset Reconstruction Companies.
2. It has been observed that consequent to the implementation of Ind AS, some Asset Reconstru...
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RBI |
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Governance, measurement and management of Interest Rate Risk in Banking Book - RBI
Posted Date : 17-Feb-2023 , 09:08:07 pm | Posted By: CASANSAAR
RBI/2022-23/180
DOR.MRG.REC.102/00-00-009/2022-23
February 17, 2023
Madam / Sir,
Governance, measurement and management of Interest Rate Risk in Banking Book
Interest Rate Risk in Banking Book (IRRBB) refers to the current or prospective risk to banks’ capital and earnings arising from adverse movements in interest rates that affect its banking book positions. Excessive IRRBB can pose a significant risk to banks’ current capital base and/or future earnings. These guideli...
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RBI |
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Introduction of Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems
Posted Date : 17-Feb-2023 , 06:47:54 am | Posted By: CASANSAAR
RBI/2022-23/178
CO.DPSS.RPPD.No.S1931/04-03-001/2022-23
February 16, 2023
The Chairman / Managing Director / Chief Executive Officer
of member banks participating in NEFT and RTGS Systems
Madam / Dear Sir,
Introduction of Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems
Under the FCRA, 2010 (amended as on September 28, 2020), foreign contributio...
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RBI |
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CBDT Notifies ITR Forms for AY 2023-24 Forms (ITR-1 SAHAJ, ITR-2, ITR-3, ITR-4 SUGAM, ITR-5, ITR-6, ITR-V)
Posted Date : 14-Feb-2023 , 07:48:41 am | Posted By: CASANSAAR
CBDT has Notified New Income Tax Return (ITR) Forms for Financial Year 2022-23 / Assessment Year 2023-24 Forms (ITR-1 SAHAJ, ITR-2, ITR-3, ITR-4 SUGAM, ITR-5, ITR-6, ITR-V) vide Notification 4/2023....
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CBDT |
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Issuance of PPIs to Foreign Nationals / Non-Resident Indians (NRIs) visiting India
Posted Date : 13-Feb-2023 , 10:42:15 pm | Posted By: CASANSAAR
RBI/2022-23/176
CO.DPSS.POLC.No.S–1907/02.14.006/2022-23
February 10, 2023
All Prepaid Payment Instrument (PPI) Issuers (Banks and Non-banks)
and National Payments Corporation of India (NPCI)
Madam / Dear Sir,
Issuance of PPIs to Foreign Nationals / Non-Resident Indians (NRIs) visiting India
As announced in theStatement on Developmental and Regulatory Policies dated February 08, 2023, it has been decided to allow access to Unified Payments Interface (UPI) to foreign nation...
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RBI |
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Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Posted Date : 21-Jul-2022 , 10:16:54 am | Posted By: CASANSAAR
RBI/2022-23/92
FIDD.GSSD.CO.BC.No.09/09.01.003/2022-23
July 20, 2022
The Chairman/Managing Director & CEO
Public Sector Banks,
Private Sector Banks (including Small Finance Banks)
Madam/Dear Sir,
Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Please refer to theMaster Circular FIDD.GSSD.CO.BC.No.04/09.01.01/2021-22 dated April 01, 2021on Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM).
2. The ...
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RBI |
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Seeks to amend notification No. 14/2019- Central Tax
Posted Date : 15-Jul-2022 , 08:05:55 am | Posted By: CASANSAAR
G.S.R (E).- In exercise of the powers conferred under the proviso to sub-section (1) of section 10 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 14/2019-Central Tax, dated the 7th March, 2019, published in the Gazette of India, Extraordinary, Part II...
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GST |
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Seeks to amend notification No. 10/2019- Central Tax
Posted Date : 15-Jul-2022 , 08:04:52 am | Posted By: CASANSAAR
G.S.R (E).- In exercise of the powers conferred by sub-section (2) of section 23 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 10/2019-Central Tax, dated the 7th March, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-s...
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GST |
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International Trade Settlement in Indian Rupees (INR) - RBI
Posted Date : 12-Jul-2022 , 08:57:05 am | Posted By: CASANSAAR
RBI/2022-2023/90
A.P. (DIR Series) Circular No.10
July 11, 2022
To
All Category-I Authorised Dealer Banks
Madam/Sir
International Trade Settlement in Indian Rupees (INR)
In order to promote growth of global trade with emphasis on exports from India and to support the increasing interest of global trading community in INR, it has been decided to put in place an additional arrangement for invoicing, payment, and settlement o...
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Category :
FEMA |
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Overseas foreign currency borrowings of Authorised Dealer Category-I banks
Posted Date : 08-Jul-2022 , 07:35:13 am | Posted By: CASANSAAR
RBI/2022-23/88
A. P. (DIR Series) Circular No. 08
July 07, 2022
All Authorised Dealer Category-I Banks
Madam/Sir,
Overseas foreign currency borrowings of Authorised Dealer Category-I banks
Attention of Authorised Dealer Category-I (AD Cat-I) banks is invited to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 [Notification no. FEMA 3(R)/2018-RB dated December 17, 2018] andMaster Direction - Risk Management...
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FEMA |
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Investment by Foreign Portfolio Investors (FPI) in Debt - Relaxations
Posted Date : 08-Jul-2022 , 07:34:19 am | Posted By: CASANSAAR
RBI/2022-23/87
A.P. (DIR Series) Circular No.07
July 07, 2022
To
All Authorised Persons
Madam/Sir,
Investment by Foreign Portfolio Investors (FPI) in Debt - Relaxations
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the paragraph 3 of thepress release on “Liberalisation of Forex Flows” dated July 06, 2022regarding relaxations in the regulatory regime under the Medium-Term Framework. A...
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FEMA |
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Fully Accessible Route for Investment by Non-residents in Government Securities – Additional specified securities
Posted Date : 08-Jul-2022 , 07:33:18 am | Posted By: CASANSAAR
RBI/2022-23/86
FMRD.FMID.No.04/14.01.006/2022-23
July 07, 2022
To
All participants in Government Securities market
Madam/Sir,
‘Fully Accessible Route’ for Investment by Non-residents in Government Securities – Additional specified securities
Please refer to paragraph 3 of thepress release on “Liberalisation of Forex Flows” dated July 06, 2022regarding inclusion of additional ‘specified s...
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RBI |
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Master Direction on Interest Rate on Deposits - RBI
Posted Date : 07-Jul-2022 , 08:34:03 am | Posted By: CASANSAAR
RBI/2022-23/82
DOR.SOG (SPE).REC.No 53/13.03.000/2022-23
July 06, 2022
All Scheduled Commercial Banks (including Regional Rural Banks)
All Small Finance Banks
All Local Area Banks
All Payment Banks
All Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative Banks
Dear Sir / Madam,
Master Direction on Interest Rate on Deposits - Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] and Non-Resident (Externa...
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RBI |
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Requirement for obtaining prior approval in case of takeover / acquisition of control of non-bank PSOs and sale / transfer of payment system activity of non-bank PSO
Posted Date : 05-Jul-2022 , 12:22:31 pm | Posted By: CASANSAAR
RBI/2022-23/80
CO.DPSS.POLC.No.S-590/02-14-006/2022-23
July 04, 2022
The Chairman / Managing Director / Chief Executive Officer
Bank and Non-bank Payment System Operators (PSOs)
Madam / Dear Sir,
Requirement for obtaining prior approval in case of takeover / acquisition of control of non-bank PSOs and sale / transfer of payment system activity of non-bank PSO
A reference is invited to Reserve Bank of India (RBI) instructions c...
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Category :
RBI |
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Last date for filing of LLP Form 11 without additional fee extended
Posted Date : 30-Jun-2022 , 09:15:52 am | Posted By: CASANSAAR
In continuation of MCA General Circular no. 04/2022 dated 27.5.2022 on the captioned subject, it has been decided to further extend the timeline and allow LLPs to file e-Form 11 (Annual Return) for the Financial Year 2021-2022 without paying additional fees up to 15th July, 2022
...
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Corporate Laws |
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Provisioning Requirement for Investment in Security Receipts (SRs) - RBI
Posted Date : 29-Jun-2022 , 08:32:28 am | Posted By: CASANSAAR
RBI/2022-23/78
DOR.STR.REC.51/21.04.048/2022-23
June 28, 2022
All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks
All Local Area Banks and Regional Rural Banks
All All-India Financial Institutions
All Non-Banking Financial Companies
Provisioning Requirement for Investment in Security Receipts (SRs)
Please refer to clause 77 of theMaster Direction – Reserve Bank of India (T...
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RBI |
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Extension of the validity of FCRA registration certificates till 30.09.2022
Posted Date : 27-Jun-2022 , 08:23:44 am | Posted By: CASANSAAR
No.II/21022/23(22)/2020-FCRA-III
Government of India
Ministry of Home Affairs
(Foreigners Division-FCRA)
First Floor, Major Dhyan Chand
National Stadium,
India Gate Circle, New Delhi-110001
Dated: the 22nd June, 2022
PUBLIC NOTICE
Subject: Extension of the validity of FCRA registration certificates
In continuation of Ministry of Home Affairs’ Public Noti...
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Category :
FEMA |
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RBI extends timeline for storing of Card-on-File (CoF) data by 3 months
Posted Date : 25-Jun-2022 , 09:43:50 am | Posted By: CASANSAAR
RBI/2022-23/77
CO.DPSS.POLC.No.S-567/02-14-003/2022-23
June 24, 2022
All Payment System Providers and Payment System Participants
Madam / Dear Sir,
Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]
Reference is invited toReserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/ 2019-20 dated March 17, 2020andCO.DPSS.POLC.No.S33/02-14-008/2020-2021 dated March 31, 2021on “Guidelines on Regulation ...
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RBI |
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RBI Master Circular - Housing Finance for UCBs
Posted Date : 24-Jun-2022 , 07:45:34 am | Posted By: CASANSAAR
RBI/2022-23/76
DOR.CRE.REC.No.49/09.22.010/2022-23
June 23, 2022
All Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Master Circular - Housing Finance for UCBs
Please refer to ourMaster Circular DCBR.BPD.(PCB) MC No.9/09.22.010/2015-16 dated July 1, 2015on the captioned subject (available at RBI websitehttps://rbi.org.in/). The enclosedMaster Circularconsolidates and updates all the instructions / guidelines on the subject issu...
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RBI |
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Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income-tax Act, 1961
Posted Date : 23-Jun-2022 , 08:00:53 am | Posted By: CASANSAAR
Finance Act 2022 inserted a new section 194S in the Income-tax Act, 1961 (hereinafter referred to as “the Act”) with effect from 1st July 2022.
The new section mandates a person, who is responsible for paying to any resident any sum by way of consideration for transfer of a virtual digital asset (VDA), to deduct an amount equal to 1% of such sum as income tax thereon. The tax deduction is required to be made at the time of credit of such sum to the accou...
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Category :
CBDT |
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0 | Hits : 477
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RBI extends timeline for Master direction on Credit and Debit Card
Posted Date : 22-Jun-2022 , 08:15:19 am | Posted By: CASANSAAR
RBI/2022-23/74
DoR.AUT.REC.No.48/24.01.041/2022-23
June 21, 2022
All Scheduled Banks (excluding Payments Banks/State Co-operative Banks and District Central Co-operative Banks)
All Non-Banking Financial Companies (NBFCs)
Madam/Dear Sir
Extension of timeline for implementation of certain provisions of Master Direction – Credit
Card and Debit Card – Issuance and Conduct Directions, 2022
Please refer to paragraph ...
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Category :
RBI |
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0 | Hits : 383
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Guidelines for removal of difficulties under sub-section (2) of section 194R of the Incometax Act
Posted Date : 17-Jun-2022 , 08:48:59 am | Posted By: CASANSAAR
Finance Act 2022 insetted a new section 194R in the Income-tax Act, 1961 (hereinafter referred to as "the Act") with effect from I" July 2022.
The new section mandates a person, who is responsib le for providing any benefit or perquisite to a resident, to deduct tax at source @ IO% of the value or aggregate of va lue of such benefit or perquisite, before provid ing such benefit or perquisite. The benetit or perquisite may or may not be convertible int...
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Category :
Income Tax |
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0 | Hits : 590
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Processing of e-mandates for recurring transactions - RBI
Posted Date : 17-Jun-2022 , 08:42:48 am | Posted By: CASANSAAR
RBI/2022-23/73
CO.DPSS.POLC.No.S-518/02.14.003/2022-23
June 16, 2022
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks, including Regional Rural Banks /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks / Payments Banks /
Small Finance Banks / Local Area Banks /
Non-bank Prepaid Payment Instrument Issuers / Authorised Card Payment Networks /
National P...
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Category :
RBI |
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0 | Hits : 521
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Sovereign Gold Bond (SGB) Scheme 2022-23 - RBI
Posted Date : 17-Jun-2022 , 08:41:59 am | Posted By: CASANSAAR
RBI/2022-23/72
IDMD.CDD.No.S789/14.04.050/2022-23
June 16, 2022
Scheduled Banks (as per the list attached),
Designated Post Offices (as per the list attached)
Stock Holding Corporation of India Ltd.
National Stock Exchange of India Ltd, Bombay Stock Exchange Ltd.
Clearing Corporation of India Ltd.
Madam/Dear Sir,
Sovereign Gold Bond (SGB) Scheme 2022-23
Government of India, vide itsNotification No F.No4.(6)-B (W&am...
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Category :
RBI |
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Cost Inflation Index for the Financial Year 2022-23
Posted Date : 17-Jun-2022 , 08:40:23 am | Posted By: CASANSAAR
S.O. 2735(E).In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, published in the Gazette of India, Extraordinary, vide number S.O. 1790(E), dated the 5th June, 2017, namely:- 2. In the said notification, ...
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Category :
Income Tax |
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Bank finance to Government owned entities - RBI
Posted Date : 15-Jun-2022 , 11:00:35 am | Posted By: CASANSAAR
RBI/2022-23/71
DOR.CRE.REC.No.47/13.03.00/2022-23
June 14, 2022
All Scheduled Commercial Banks
(Excluding RRBs)
Madam / Dear Sir
Bank finance to Government owned entities
Please refer to theMaster Circulars DBR.No.Dir.BC.10/13.03.00/2015-16 dated July 1, 2015on ‘Loans and Advances – Statutory and Other Restrictions’ andDOR.CRE.REC.No.06/08.12.001/2022-23 dated April 1, 2022on ‘Housing Finance’.
...
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Category :
RBI |
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Discontinuation of Return under Foreign Exchange Management Act, 1999
Posted Date : 10-Jun-2022 , 10:38:22 am | Posted By: CASANSAAR
RBI/2022-23/69
A.P. (DIR Series) Circular No. 05
June 09, 2022
AD Category I banks
Madam/ Sir,
Discontinuation of Return under Foreign Exchange Management Act, 1999
Attention of Authorised Persons is invited toA.P. (DIR series) circular No 26, dated February 18, 2022, wherein Authorised Persons were advised about proposed discontinuation of the return “Details of guarantee availed and invoked from non-resident entities&rdquo...
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Category :
FEMA |
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