Day: August 4, 2016

Cheque dishonour-Cheque book non issue procedure relaxation. Even for four dishonours during FY for insufficient fund bank to determine their response.

Dishonour of cheques – Modification in procedure RBI/2016-17/33 DBR.No.Leg.BC.3/09.07.005/2016-17 August 04, 2016 All Scheduled Commercial Banks (Including RRBs) Dear Sir/ Madam, Dishonour of cheques – Modification in procedure Please refer to our circular DBOD.BC.Leg.No.113/09.12.001/2002-03 dated June 26, 2003 and paragraph 11.4 (i) of RPCD.CO.RRB.BC.No.100/03.05.33/2013-14 dated May 12, 2014 …

Implementation of Ind AS by All India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) for accounting periods beginning from April 1, 2018

Implementation of Indian Accounting Standards (Ind AS) Reserve Bank of India RBI/2016-17/34 RBI/2016-17/DBR.FID.No. 1/01.02.000/2016-17 August 04, 2016 All India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) Madam / Dear Sir, Implementation of Indian Accounting Standards (Ind AS) The Ministry of Corporate Affairs (MCA), Government of India has …

Website Sachet सचेत launched by RBI to curb Illegal Deposits Collections. Public can check if an entity is permitted to accept deposits or not.

RBI Governor launches Website ‘सचेत’ to curb Illegal Collection of Deposits Reserve Bank of India Dated: Aug 04, 2016 “Initiating quick follow up and taking cases to logical conclusion by punishing the guilty is paramount to deter entities in future from carrying out unlawful activity. I hope ‘Sachet’ …

Issuance of rupee bonds to overseas investors by Indian Companies. Companies Share Capital and Debenture Rules not to apply MCA Circular No. 09/2016

General Circular No: 09/2016 No 12/2013-CL-V Governmenl of India Ministry of Corporate Affairs 5th Floor “A” Wing, Shastri Bhavan, Dr R. P Road, New Delhi To All Regional Dlrcctors, All Registrar ol Companies Subject Issuance of rupee bonds to overseas investors by Indian Companies-Clarification regarding applicability of Companies …

SOP-Service Delivery-Grievances Redressal in Income-tax Department. Administration of Tax Payer Services and Functions of different Officers

F. No. DIT (TPS-1)/01/2016-17/508 Governm ent of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Directorate of Income-tax (Taxpayer Services-I) New Delhi, the 2nd August, 2016 STANDARD OPERATING PROCEDURES (SOP) FOR  ADMINISTERING TAX PAYER SERVICES 1. The Income-tax Department is committed to promote voluntary …