Daily Archives: April 28, 2016

Delhi restaurants & Halwais, migrating to new composition scheme, need not to pay tax on opening stock

By | April 28, 2016

DELHI VALUE ADDED TAX ACT, 2004  NEW COMPOSITION SCHEME FOR RESTAURANTS AND HALWAIS CIRCULAR NO.01 OF 2016-17 [NO.F.3(664)/POLICY/VAT/2016/106-112], DATED 27-4-2016 A new composition scheme has been recently notified by the Government vide notification dated 18/03/2016 in exercise of powers conferred in section 16(12), wherein the registered dealers whose annual turnover is upto Rs. 50 Lakhs… Read More »

Risk Weight of investments in Corporate Bonds by Standalone Primary Dealers (SPDs)

By | April 28, 2016

RBI/2015-16/388 DNBR.CO.PD.No.080/03.10.01/2015-16 April 28, 2016 All Standalone Primary Dealers Madam/ Sir, Risk Weight in respect of investments in Corporate Bonds by Standalone Primary Dealers (SPDs) In terms of the Capital Adequacy Standards and Risk Management Guidelines for SPDs, risk weight of 100% has been stipulated in respect of investments in corporate bonds, for the purpose… Read More »

F-TRAC – Counterparty Confirmation

By | April 28, 2016

RBI/2015-16/387 FMRD.FMID.8/14.01.02/2015-16 April 28, 2016 All RBI regulated entities Madam/Sir, F-TRAC – Counterparty Confirmation A reference is invited to RBI circular FMRD.FMID.01/14.01.02/2014-15 dated December 19, 2014 waiving the requirement of exchange of physical confirmation of trades matched on the Financial Market Trade Reporting and Confirmation Platform (“F- TRAC”) of the Clearcorp Dealing Systems (India) Ltd.… Read More »

No requirement of maintenance of collateral or cash deposits by the Exchange Houses with whom banks have entered into the Rupee Drawing Arrangement.

By | April 28, 2016

RBI/2015-16/386 A.P. (DIR Series) Circular No.66 April 28, 2016 To, All Authorised Dealer Category-I Banks Madam / Sir, Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non- Resident Exchange Houses: Rupee Drawing Arrangement Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraph (C) 3 vii of the A. P.… Read More »

Category: RBI

Import Data Processing and Monitoring System

By | April 28, 2016

RBI/2015-16/385 A.P. (DIR Series) Circular No.65 April 28, 2016 To All Category-I Authorised Dealer Banks Madam / Sir, Import of Goods: Import Data Processing and Monitoring System (IDPMS) Attention of Authorised Dealers is invited to Section 5 of the Foreign Exchange Management Act 1999 (42 of 1999), read with Government of India Notification No. G.S.R.… Read More »

Category: RBI

Remittance of Assets regulations 2016 Features

By | April 28, 2016

RBI/2015-16/384 A.P. (DIR Series) Circular No. 64/2015-16 [(1)/13(R)] April 28, 2016 To All Category – I Authorised Dealer and Authorised Banks Madam/ Sir Foreign Exchange Management (Remittance of Assets) Regulations, 2016 Attention of Authorised Dealers (ADs) is invited to (a) A.D. (M.A. Series) Circular No. 11 dated May 16, 2000 in terms of which ADs… Read More »

compliance to Jilani Committee recommendations need not be reported to the ACB

By | April 28, 2016

RBI/2015-16/383 Ref.DBS.CO.PPD.BC.No.10/11.01.005/2015-16 April 28, 2016 The Chairman/Chief Executive All Scheduled Commercial Banks (Excluding RRBs) Madam/Dear Sir, Compliance with Jilani Committee Recommendations We invite attention to our circular DBS.CO.PPD.BC.No.39/11.01.005/99-2000 dated June 28, 2000 on Jilani Committee recommendations relating to frauds and malpractices in banks. Attention is also drawn to our circular DBS.ARS.BC.No.4/08.91.020/2010-11 dated November 10, 2010… Read More »

Apply amended Accounting Standards from F.Y. 2016-17 onwards: MCA

By | April 28, 2016

COMPANIES (ACCOUNTING STANDARDS) AMENDMENT RULES, 2016  GENERAL CIRCULAR NO.4/2016 [F.NO.01/01/2009-CL-V], DATED 27-4-2016 Stakeholders have sought clarifications with regard to the accounting period for which the accounts would need to be prepared using the Accounting Standards, as amended through the Companies (Accounting Standards) Amendment Rules, 2016. The matter has been examined in the Ministry and it… Read More »

Public Private Partnership : Report of Committee for Revitalising

By | April 28, 2016

REPORT OF THE COMMITTEE ON REVISITING AND REVITALISING PUBLIC PRIVATE PARTNERSHIP MODEL OF INFRASTRUCTURE Nov 2015 by Department of Economic Affairs Ministry of Finance Public Private Partnerships (PPPs) in infrastructure refer to the provision of a public asset and service by a private partner who has been conceded the right (the “Concession”) for the purpose, for… Read More »

Black Money curbing measure of Indian Govt

By | April 28, 2016

The Measures taken by the Government to Curb Black Money in the Country The Government has taken several measures to effectively deal with the issue of black money, particularly black money stashed away abroad. Such measures include policy-level initiatives, more effective enforcement action on the ground, putting in place robust legislative and administrative frameworks, systems… Read More »