Daily Archives: May 12, 2016

CA examiners shall appoint Checkers : ICAI

By | May 12, 2016

May 12, 2016 Assignments of Checkers The examination process inter alia includes a procedure of having the answer books checked, after evaluation by examiners, by Checkers to ensure that all answers have been evaluated, marks awarded have been carried forward to the cover page of the answer books and that the totalling of marks is… Read More »

Guidelines for Voluntary surrender of Certificate of Authorisation (COA) by Payment System Operators (PSOs) authorised under PSS Act 2007

By | May 12, 2016

BI/2015-16/396 DPSS.CO.AD.No.2627/02.27.005/2015-16 May 12, 2016 To, All entities authorised under the Payment & Settlement Systems Act, 2007 (PSS Act) Dear Sir/Madam, Guidelines for Voluntary surrender of Certificate of Authorisation (COA) by Payment System Operators (PSOs) authorised under PSS Act 2007 As you are aware, in terms of section 4 of the Payment and Settlement Systems… Read More »

Co-operative Banks – Interest Rate on Deposits : RBI master Direction

By | May 12, 2016

RBI/DCBR/2015-16/23 Master Direction DCBR.Dir.No.1/13.01.000/2015-16 May 12, 2016 Master Direction – Reserve Bank of India (Co-operative Banks – Interest Rate on Deposits) Directions, 2016 In exercise of the powers conferred by Sections 21 and 35 A read with section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India being satisfied that it is… Read More »

overdue Export Advances :Quarterly Statement by AD

By | May 12, 2016

Quarterly Statement showing details of overdue Export Advances As per  Exports of Goods and Services : RBI new directions  following is the format for AD shall exercise proper due diligence and ensure compliance with KYC and AML guidelines so that only bona-fide export advances flow into India. Doubtful cases as also instances of chronic defaulters… Read More »

Exports of Goods and Services : RBI new directions

By | May 12, 2016

Foreign Exchange Management (Exports of Goods and Services) Regulations, 2015 RBI/2015-16/395 A.P. (DIR Series) Circular No.68 [(1)/23(R)] May 12, 2016 To All AD Category – I Authorised Dealer Banks Madam/ Sir Foreign Exchange Management (Exports of Goods and Services) Regulations, 2015 Attention of Authorised Dealers (ADs) is invited to A.D.(M.A. Series) Circular No. 11 dated… Read More »

Interest Rate on Deposits for Co-operative Banks : Master Direction

By | May 12, 2016

Comprehensive Master Directions on Interest Rate on Deposits for Co-operative Banks The Reserve Bank of India today issued the Master Directions (MD) on Co-operative Banks – Interest Rates on Deposits and Advances. The Master Directions issued today consolidates all relevant instructions issued by the Reserve Bank of India so far on the subject and will… Read More »

Category: RBI

Insolvency and Bankruptcy Code 2016 passed by Rajya Sabha and Lok Sabha

By | May 12, 2016

Big Boost to Ease of Doing Business- Passing of Bankruptcy Code; Code is a comprehensive and systemic reform, which will give a quantum leap to the functioning of the credit market and would take India from among relatively weak insolvency regimes to becoming one of the world’s best insolvency regimes; Vision of the new law… Read More »

CBDT asks issues from public on Income Declaration Scheme 2016 & Direct Tax Dispute Resolution Scheme 2016

By | May 12, 2016

Stake holders and general public requested to bring-out issues/points by 25th May, 2016 which in their opinion would require further clarification/guidance in Income Declaration Scheme 2016 & the Direct Tax Dispute Resolution Scheme 2016; Both the Schemes are expected to come into force on the 1st of June, 2016 after the Finance Act 2016 receives… Read More »

Display of Certificate of Registration : Delhi Vat

By | May 12, 2016

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE & TAXES (POLICY BRANCH) VYAPAAR BHAWAN I.P. ESTATE NEW DELHI 110002 No.F.3(667)/Policy/VAT/2016/200-205 CIRCULAR No. 4 of 2016-17 Dated: 10-05-2016 Sub: Display of Certificate of Registration reg. In compliance of Rule 14(3) of Delhi Value Added Tax Rules, 2005 all the ACs/ward incharges are hereby directed… Read More »

SS-2 (Secretarial Standard -2) on General Meetings

By | May 12, 2016

PRESS RELEASE, DATED 1-7-2015 Secretarial Standard-2 (SS-2) on “General Meetings Following is the text of the Secretarial Standard-2 (SS-2) on “General Meetings”, issued by the Council of the Institute of Company Secretaries of India and approved by the Central Government. Adherence by a company to this Secretarial Standard is mandatory, as per the provisions of… Read More »

SS1 Secretarial Standard on Meetings of the Board of Directors

By | May 12, 2016

PRESS RELEASE, DATED 1-7-2015 SS-1 SECRETARIAL STANDARD ON MEETINGS OF THE BOARD OF DIRECTORS The following is the text of the Secretarial Standard-1 (SS-1 ) on “Meetings of the Board of Directors”, issued by the Council of the Institute of Company Secretaries of India and approved by the Central Government. Adherence by a company to… Read More »

Subsidiary company not to hold shares in its holding company

By | May 12, 2016

Section – 19, Companies Act, 2013 Enforced with effect from 12-9-2013. Subsidiary company not to hold shares in its holding company. 19. (1) No company shall, either by itself or through its nominees, hold any shares in its holding company and no holding company shall allot or transfer its shares to any of its subsidiary… Read More »