Daily Archives: July 7, 2016

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 »