Ministry of Finance Amendments to the Indian Stamp Act, 1899 for Rationalization of Stamp Duty & Design of Zero Evasion Collection Mechanism in Respect of Securities market instruments Posted On: 21 FEB 2019 The President of India, today, gave his assent to the Amendments to the Indian Stamp Act, 1899 which were introduced as part… Read More »
The Muslim Women (Protection of rights on marriage) second Ordinance 2019 Muslim Women (Protection of rights on marriage) second Ordinance 2019 Published on 21.02.2019 in Official Gazettee by Govt of India. Download Click here
SUPREME COURT OF INDIA Ram Siromani Tripathi v. State of Uttar Pradesh A. K. SIKRI, S. ABDUL NAZEER AND M.R. SHAH, JJ. CIVIL APPEAL NOS. 9142 AND 9144 OF 2010 & 6156 OF 2012 FEBRUARY 7, 2019 R.K. Ojha, Adv., Balraj Dewan and Dr. Vinod Kumar Tewari, AOR’s for the Appellant. Pramod Swarup, Sr. Adv. Ms. Prerna Swarup, Ms. Alka Sinha, Advs. Ravindra Kumar and Anuvrat Sharma, AOR’s for the… Read More »
LIC Term Insurance for Chartered Accountants ICAI-LIC Group Term Insurance SchemeArranged by:Committee for Capacity Building of Members in Practice (CCBMP) The Committee for Capacity Building of Members in ICAI is facilitating ICAI-LIC Group Insurance Scheme for Chartered Accountant Members and their spouse. The salient features of the scheme: Competitive rate of premium for Insurance. Payment… Read More »
The Indian Stamp (Punjab Amendment) Ordinance, 2019 Download The Indian Stamp (Punjab Amendment) Ordinance, 2019 Click here
Banks in India SBI and Associates Nationalised Banks Other Public Sector Banks Private Sector Banks – Indian Banks Private Sector Banks – Foreign Banks Scheduled State Co-operative Banks Non-Scheduled State Co-operative Banks Co-operative Banks – Scheduled Urban Cooperative Banks Co-operative Banks – Non-Scheduled Urban Cooperative Banks Co-operative Banks – State Cooperative Banks Co-operative Banks… Read More »
ANNOUNCEMENTUDIN mandatory wef 1st Feb., 2019 for all Certificates [ Refer UDIN for CA : Free Study Material ] It has been noticed that financial documents/ certificates attested by third person misrepresenting themselves as CA Members are misleading the Authorities and Stakeholders. ICAI is also receiving number of complaints of signatures of CAs being forged… Read More »
UDIN: An Advanced Solution for Document Verification issued by Chartered Accountant Video Explanation by CA Satbir Singh in Hindi on UDIN system for CAs for Document Verification What is Unique Document Identification Number (UDIN)? Unique Document Identification Number (UDIN) is a unique number, which will be generated by the system for every document certified/ attested by… Read More »
Guidance Note on Audit of Banks 2019 edition: Section B – Foreign Exchange Transactions and Integrated Treasury issued by the Auditing and Assurance Standards Board – (18-01-2019) Download Guidance Note on Audit of Banks 2019 edition Section B – Click here Related Post Guidance Note on Audit of Banks 2019
RBI/2018-19/109 A.P. (DIR Series) Circular No. 17 January 16, 2019 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy – New ECB Framework Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraph 7 of the Statement on Developmental and Regulatory Policies of the Fifth Bi-monthly Monetary Policy Statement for 2018-19… Read More »
The Right of Children to Free and Compulsory Education (Amendment) Act, 2019 has been notified in the Gazette of India Posted On: 16 JAN 2019 7:02PM by PIB Delhi The Right of Children to Free and Compulsory Education (Amendment) Act, 2019 which was passed by the Parliament on 3rdJanuary, 2019 received the assent of the… Read More »
Extension of last date “for complying with the CPE hours requirement for the Calendar Year 2018” – from 31st December, 2018 to 31st January, 2019 – (11-01-2019) FOR INFORMATION OF THE MEMBERS Subject: Extension of last date “for complying with the CPE hours requirements for the Calendar Year 2018” – till 31st January, 2019 This… Read More »
MINISTRY OF SOCIAL JUSTICE AND EMPOWERMENT (Department of Social Justice and Empowerment) NOTIFICATION New Delhi, the 14th January, 2019 S.O. 292(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the Constitution (One Hundred and Third Amendment) Act, 2019, the Central Government hereby appoints the 14th January, 2019 as the date on which… Read More »
RBI allowed Tokenisation in Card transactions RBI/2018-19/103DPSS.CO.PD No.1463/02.14.003/2018-19 January 08, 2019 The Chief Executive Officer / PresidentAll authorised card payment networks Madam / Dear Sir, Tokenisation – Card transactions Continuing the efforts to improve safety and security of card transactions, Reserve Bank of India had permitted card networks for tokenisation in card transactions for a… Read More »
Onerous Contracts – Cost of Fulfilling a Contract (Proposed amendments to IAS 37) – (02-01-2019) Introduction In this Exposure Draft, the International Accounting Standards Board (Board) proposes to amend IAS 37 Provisions, Contingent Liabilities and Contingent Assets. The amendments specify the costs an entity includes in determining the ‘cost of fulfilling’ a contract for the… Read More »
Micro, Small and Medium Enterprises (MSME) sector – Restructuring of Advances RBI/2018-19/100 DBR.No.BP.BC.18/21.04.048/2018-19 January 1, 2019 All banks and NBFCs regulated by the Reserve Bank of India Dear Sir/ Madam, Micro, Small and Medium Enterprises (MSME) sector – Restructuring of Advances 1. Please refer to the circulars DBR.No.BP.BC.100/21.04.048/2017-18 dated February 07, 2018 and DBR.No.BP.BC.108/21.04.048/2017-18 dated June 6, 2018.… Read More »
7.75% Savings (Taxable) Bonds, 2018 – Operational Guidelines RBI/2018-19/95 IDMD.CDD.No.1637/13.01.299/2018-19 December 24, 2018 The Chairman & Managing Director State Bank of India & 18 Nationalised Banks Axis Bank Ltd., ICICI Bank Ltd., HDFC Bank Ltd., Stock Holding Corporation of India Ltd. (SHCIL) Dear Sir/Madam, 7.75% Savings (Taxable) Bonds, 2018 – Operational Guidelines This has reference… Read More »
Institute of Chartered Accountants of India ANNOUNCEMENT UDIN – A way to authenticate document As you are aware that to secure the certificates/documents attested/certified by practicing Chartered Accountants and for tracing forged/wrong documents prepared by any third person misrepresenting himself as a Chartered Accountant, ICAI had implemented an innovative concept of UDIN i.e. Unique Document… Read More »
RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 17th December, 2018 No. FEMA 3(R)/2018-RB Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 G.S.R. 1213(E).—In exercise of the powers conferred by clauses (a), (d) and (e) of Sub-Section (3) of Section 6, sub- section (2) of Section 47 of the Foreign Exchange… Read More »
Ministry of Finance Gold Price for Issuance of SGB for subscription period- Dec.24-28, 2018 Posted On: 21 DEC 2018 8:10PM by PIB Delhi Government of India, in consultation with the Reserve Bank of India, Sovereign Gold Bonds 2018-19 (Series IV) will be opened for the period December 24-28, 2018. The issue price of the Bond… Read More »
Ministry of Finance Measures being taken to Control and Prevent Frauds in Banks Posted On: 14 DEC 2018 A number of measures being taken to control and prevent frauds in banks, including, inter alia, the following: Government has issued “Framework for timely detection, reporting, investigation etc. relating to large value bank frauds” to Public Sector Banks (PSBs),… Read More »
Date : Dec 10, 2018 Statement by Governor On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years. The support and hard work of RBI staff, officers and… Read More »
Guidelines on Loan System for Delivery of Bank Credit RBI/2018-19/87 DBR.BP.BC.No.12/21.04.048/2018-19 December 5, 2018 All Scheduled Commercial Banks Small Finance Banks Dear Sir/ Madam, Guidelines on Loan System for Delivery of Bank Credit Please refer to the Draft Guidelines on the captioned subject issued on June 11, 2018 for comments of the stakeholders. 2. Taking into account… Read More »
MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) Publuc Notice No. 53/2015-2020 New Delhi, the 30th November, 2018 Subject : Insertion of a new provision under Para 2.103 and amendment in Para 2.104 – reg. F. No. 01/93/180/56/AM-13/PC-2(B)/E-2205.—In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy,… Read More »
RBI/2018-19/79 A.P. (DIR Series) Circular No.15 November 26, 2018 To All Category-I Authorised Dealer Banks Madam / Sir External Commercial Borrowings (ECB) Policy – Review of Hedging Provision Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraphs 2.4.2 and 2.5 of Master Direction No.5 dated January 1, 2016 on “External Commercial Borrowings, Trade Credit,… Read More »
Real Time Gross Settlement (RTGS) System – Implementation of Positive Confirmation RBI/2018-19/76 DPSS (CO) RTGS No.1049/04.04.016/2018-19 November 15, 2018 The Chairman / Managing Director / Chief Executive Officer of member banks participating in RTGS Madam / Dear Sir, Real Time Gross Settlement (RTGS) System – Implementation of Positive Confirmation Presently, the National Electronic Funds Transfer… Read More »
Survey on the “State of the Internal Audit Profession in India” by Internal Audit Standards Board, ICAI – Seeking Member’s Inputs – (20-11-2018) SURVEY ON THE STATE OF THE INTERNAL AUDIT PROFESSION IN INDIA BY INTERNAL AUDIT STANDARDS BOARD, ICAI Dear Member, Internal Audit Standards Board (IASB) of The Institute of Chartered Accountants of India… Read More »
RBI/2018-19/70 DBR.BP.BC.No.7/21.04.142/2018-19 November 2, 2018 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Partial Credit Enhancement to Bonds Issued by Non-Banking Financial Companies and Housing Finance Companies Please refer to circular DBR.BP.BC.No.40/21.04.142/2015-16 dated September 24, 2015 on Partial Credit Enhancement to Corporate Bonds and other associated circulars issued subsequently on the subject. 2. It has now been… Read More »
Application for Scholarships from The Chartered Accountants Student Benevolent Fund for The Year 2018-19 – (25-10-2018) The Board of Trustees has decided to provide financial assistance of Rs. 1500/- p.m, for articled assistants who are registered for Intermediate (IPC)/IPCC course and Rs. 2000/- P.M. for those students registered for final course and are currently undergoing… Read More »
RBI/2018-19/66 DCM (CC) No.1083/03.39.01/2018-19 October 25, 2018 The Chairman & Managing Director Chief Executive Officer / Managing Director All Banks having Currency Chests Madam / Dear Sir, Fire Audit of Currency Chests – Clarification Please refer to the instructions issued vide DCM (CC) No.G-11/3445/03.39.01/2015-16 dated April 13, 2016 on ‘Security / Inspection Needs and Movement of Treasure’.… Read More »