Daily Archives: April 29, 2017

SEBI Circular on disclosure of executive remuneration by Mutual Funds

By | April 29, 2017
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Circular No. SEBI/HO/IMD/DF2/CIR/P/2017/35 All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds Sir/Madam, Subject: Circular on Mutual Funds 1. Please refer to SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2016/42 dated 18 March 2016. 2. In partial modification of the above mentioned circular, para C of the circular pertaining to disclosure of executive remuneration shall read as… Read More »

Insurance Ombudsman Rules 2017 – Notified

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Insurance Ombudsman Rules 2017. MINISTRY OF FINANCE (Department of Financial Services) (INSURANCE DIVISION) NOTIFICATION New Delhi, the 25th April, 2017 G.S.R. 413(E).—Whereas, the draft of certain rules namely, the Insurance Ombudsman Rules, 2016, were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) dated the 15th September, 2016 under the notification of… Read More »

Creation of Computer Terminal Banks in Income Tax Offices

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Tel No. 011-23519077 Fax No. 011-23528887 E-mail dgft.systems@incometax.gov.in PR. DIRECTOR GENERAL OF INCOME TAX (SYSTEMS) A R A Centre, Ground Floor. E-2, Jhandewalan Extension New Delhi -110055 S. S Rathore,IRS F. No.ADG(S)-4/JDIT(S)-4-(2)/CTB/2017-18 Dated: 25.04.2017 Dear Subject : Creation of Computer Terminal Banks in Income Tax Offices across the country for providing access to HRMS Module… Read More »

RBI Guidelines on Merchant Acquisition for Card Transactions

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RBI/2016-17/296 DCBR.RAD (PCB/RCB) Cir.No.4/7.12.001/2016-17 April 28, 2017 The Chief Executive Officers All Primary (Urban) Co-operative Banks / All State Co-operative Banks (StCBs) / All District Central Co-operative Banks Dear Sir/Madam, Guidelines on Merchant Acquisition for Card Transactions Co-operative banks have been permitted to install both onsite/offsite ATM networks and can issue debit cards on their… Read More »

Role of Chief Risk Officer (CRO) in Banks – RBI Guidlines

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RBI/2016-17/294 DBR.BP.BC.No.65/21.04.103/2016-17 April 27, 2017 The Chairman and Managing Director/Chief Executive Officer All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) And Small Finance Banks Madam/Dear Sir, Risk Management Systems – Role of the Chief Risk Officer (CRO) Please refer to the guidelines on Risk Management Systems issued vide our circular DBOD.No.BP.(SC).BC.98/21.04.103/99… Read More »

DVAT – Date Extended for online return -4 th quarter 2016-17

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GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI (POLICY BRANCH) VYAPAR BHAWAN, I.P.ESTATE, NEW DELHI-110 002 No.F.7(420)/VAT/Policy/2011/PF/121-126 Dated: 28/04/2017 CIRCULAR NO. 2 of 2016-17 Sub: Filing of online return for 4th quarter of 2016-17 – extension of period thereof. In exercise of the powers conferred under Rule 49A of the Delhi Value Added Tax Rules, 2005,… Read More »

EPF members now required to submit self-declaration for advance in case of illness of members/ dependents

By | April 29, 2017
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EPF members now required to submit self-declaration for advance in case of illness of members/ dependents EPF members will now only be required to submit a self-declaration for the advance in case of illness of members/ dependents. Differently abled members will also get advance on the basis of self-declaration. A member will no longer be… Read More »

Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

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Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and… Read More »

CBDT Signs 2 UPA with Indian taxpayers

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Central Board of Direct Taxes (CBDT) signs two Unilateral Advance Pricing Agreements (APAs) with Indian taxpayers, strengthening the Government’s commitment to foster a non-adversarial tax regime The total number of APAs entered into by the CBDT has reached 154, which includes 11 bilateral APAs and 143 unilateral APAs The Central Board of Direct Taxes (CBDT)… Read More »