Monthly Archives: December 2016

Grace period to citizen of India for Depositing old Bank Notes after 30.12.2016

By | December 31, 2016

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 30th December, 2016 S.O. 4251(E).—In exercise of the powers conferred by clause (b) of sub-section (1) of section 2, read with clause (i) of sub-section (1) of section 4, of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 (Ord. 10 of 2016), the… Read More »

Provident Funds Special provision for Employees’ Enrolment Campaign 2017 @ Rs 1 p.a

By | December 31, 2016

MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 30th December, 2016 G.S.R. 1190(E).— In exercise of the powers conferred by section 5 read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the… Read More »

No Administrative Expenses of EDLI Scheme for Employees’ Enrolment Campaign 2017

By | December 31, 2016

MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 30th December, 2016 S.O. 4250(E).—In pursuance of the powers conferred by clause (a) of sub-section (4) of section 6C of the Employees’ Provident Funds and Miscellaneous Provisions, Act, 1952 (19 of 1952), the Central Government hereby makes the following amendment in the notification of the Government… Read More »

Employees Pension Scheme -Damages Rs 1 p.a for Employees Enrolment Campaign 2017

By | December 31, 2016

MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 30th December, 2016 G.S.R. 1191(E).–– In exercise of powers conferred by section 6A read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees’… Read More »

Damages for default in payment of contribution under EDLI Scheme

By | December 31, 2016

Rule – 8A of Employees’ Deposit-Linked Insurance Scheme 1976 1 Recovery of damages for default in payment of any contribution 8A. 2[(1) Where an employer makes default in the payment of any contribution to the Insurance Fund, or in the payment of any charges payable under any other provisions of the Act or the Scheme,… Read More »

EDLI Damages Charges Rs 1 p.a during Employees Enrolment Campaign 2017

By | December 31, 2016

MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 30th December, 2016 G.S.R. 1192(E).—In exercise of powers conferred by section 6C read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees’ Deposit… Read More »

Pre-Paid Payment Instruments Issuance to merchants – RBI exentended Time

By | December 31, 2016

RBI/2016-17/203 DPSS.CO.PD.No.1669/02.14.006/2016-2017 December 30, 2016 All Prepaid Payment Instrument Issuers System Providers, System Participants and all other Prospective Prepaid Payment Instrument Issuers Dear Madam/ Sir, Special measures to incentivise Electronic Payments – Extension of time A reference is invited to circular DPSS.CO.PD.No.1288/02.14.006/2016-17 dated November 22, 2016 advising enhancements in the limits of semi-closed PPIs issued… Read More »

Daily Cash withdrawal Limit from ATMs increased w.e.f 01.01.2017

By | December 31, 2016

RBI/2016-17/204 DCM (Plg) No. 2142/10.27.00/2016-17 December 30, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks District central Cooperative Banks Dear Sir, Cash withdrawal from ATMs – Enhancement of daily limits Please refer to our circular… Read More »

Download Specified Bank Notes (Cessation of Liabilities) Ordinance 2016

By | December 30, 2016

Demonetization ordinance Govt of India has issued Demonetization ordinance  which will be called  :- Specified Bank Notes (Cessation of Liabilities) Ordinance 2016 The President of India has approved the promulgation of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 today i.e. on 30th December, 2016. The Ordinance is a follow-up to the decision taken… Read More »

Government Suspends Deemed Recognition of Indian Olympic Association

By | December 30, 2016

Government Suspends Deemed Recognition of IOA Government has suspended the deemed recognition, granted by it to the Indian Olympic Association (IOA) until the IOA reverses its decision to appoint Shri Suresh Kalmadi and Shri Abhay Chautala as Life Presidents.   Following the suspension, IOA will cease to enjoy the privileges and prerogatives bestowed on it by… Read More »