Daily Archives: July 7, 2016

Bunker fuel meant for vessels can be kept in warehouse without payment of duty

By | July 7, 2016

NOTIFICATION NO.31/2016-C.E. (N.T.), DATED 4-7-2016 In exercise of the powers conferred by sub-rule (1) of rule 20 of the Central Excise Rules, 2002, the Central Government being satisfied that it is necessary in public interest so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of… Read More »

MCA revised eforms Forms CHG-1 , CHG-4, DPT-3 and MR- 2

By | July 7, 2016

MCA has further revised the versions of eforms Forms CHG-1 [Application for registration of creation, modification of charge (other than those related to debentures)], Form CHG-4 [Form for particulars for satisfaction of charge], Form DPT-3 [Return of deposits] and Form MR-2 [Form of application to the Central Government for approval of appointment or reappointment and remuneration or increase in remuneration or waiver for excess… Read More »

Revised turnover criteria for filing of DVAT Returns using Digital Signatures

By | July 7, 2016

DVAT: Department of Trade & Taxes has revised turnover criteria for filing of DVAT Returns using Digital Signatures. The department notified that dealers whose gross turnover during the FY 2015-16 exceeded One Crore Rupees shall furnish their returns in Form DVAT 16 / DVAT 17 with digital signatures for the tax period 1st April, 2016 to 30th… Read More »

RBI Master Direction on Money Market Instruments: Call/Notice Money Market, Commercial Paper, Certificates of Deposit and Non-Convertible Debentures (original maturity up to one year)

By | July 7, 2016

RBI/FMRD/2016-17/32 FMRD.Master Direction No. 2/2016-17 July 7, 2016 All Eligible Market Participants Dear Sir/Madam, Master Direction on Money Market Instruments: Call/Notice Money Market, Commercial Paper, Certificates of Deposit and Non-Convertible Debentures (original maturity up to one year) The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to the eligible… Read More »

Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) : RBI Master Circular

By | July 7, 2016

RBI/2016-17/9 FIDD.GSSD.CO.BC.No.07/09.01.01/2016-17 July 01, 2016 The Chairman/ Managing Director All Scheduled Commercial Banks Dear Sir/Madam, Master Circular – Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) Please refer to the Master Circular FIDD.GSSD.CO.BC.No.09/09.01.01/2015-16 dated July 30, 2015 consolidating guidelines / instructions / directions issued to banks with regards to National Rural Livelihoods Mission. Ministry… Read More »

Deendayal Antyodaya Yojana- National Urban Livelihoods Mission (DAY-NULM) :Master Circular

By | July 7, 2016

RBI/2016-17/10 FIDD.GSSD.CO.BC.No.04/09.16.03/2016-17 July 01, 2016 The Chairman/ Managing Director All Scheduled Commercial Banks 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… Read More »

Credit facilities to Scheduled Castes (SCs) & STs : RBI Master Circular

By | July 7, 2016

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 the Master Circular FIDD.CO.GSSD.BC.No 06/09.09.01/2015-16 dated July 01, 2015 consolidating guidelines / Instructions / directions issued to banks with regard to providing credit… Read More »

Category: RBI

Credit Facilities to Minority Communities : RBI Master Circular

By | July 7, 2016

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 our Master 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. The Master… Read More »

SHG-Bank Linkage Programme : RBI Master Circular

By | July 7, 2016

BI/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… Read More »

Discontinuation of Reporting of Bank Guarantee on behalf of service importers

By | July 7, 2016

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 the Master Direction No.8 dated January 01, 2016 on ‘Other… Read More »

Category: RBI

Lead Bank Scheme ; RBI Master Circular

By | July 7, 2016

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… Read More »

Long Term (Subordinated) Deposits (LTDs) – Review of guidelines

By | July 7, 2016

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 our circulars UBD.PCB.Cir.No.4/09.18.201/08-09 dated July 15, 2008 and RPCD.RCB.BC.73/07.51.012/2013-14 dated January 7, 2014 prescribing… Read More »

Revision of interest rates for Small Savings Schemes

By | July 7, 2016

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 our circular DGBA.GAD.3175/15.02.005/2015-16 dated April 7, 2016 on the above subject. The Government of India,… Read More »

Appointment and Remuneration of Managerial Personnel Amendment Rules 2016

By | July 7, 2016

Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016 notified by MCA. The Ministry of Corporate Affairs vide notification dated 30th of June, 2016 released the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016. (“Managerial Personnel Rules”) We have presented below summary of the changes made to the Companies (Appointment and Remuneration… Read More »

Campus Placement Programme for Newly Qualified CA, Aug -Sept 2016

By | July 7, 2016

Announcement for Campus Placement Programme for Newly Qualified Chartered Accountants  August-September,2016 The Committee for Professional Accountants in Business & Industry (CPABI) of The Institute of Chartered Accountants of India (ICAI) takes care of the interest of the members who are in industry and organizes Campus Placement Programmes for Chartered Accountants. The CPABI is pleased to… Read More »

Exemption to goods manufactured at construction site

By | July 7, 2016

Circular No. 1036/24/2016-CX F. No. 68/1/2016-CX.I Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi. dated the 6th July. 2016 Sub:- Scope of word ‘site’ appearing in Notification No. 12/2012-Central Excise, dated 17.03.2012-reg Representations have been received from the trade regarding difficulties being faced in availing of… Read More »

Refund Process of MCA

By | July 7, 2016

What is refund process? The user is required to make various payments to avail MCA21 services. A number of instances have been observed where the users make multiple payments or incorrect payment or excess payment while using these services. In order to allow the stakeholders to claim refund of such payments, refund process has been… Read More »