Category Archives: other Acts

RTGS and NEFT Charges waived by RBI from 01.07.2019

By | June 14, 2019

RBI/2018-2019/208 DPSS (CO) RPPD No.2557/04.03.01/2018-19 June 11, 2019 The Chairman / Managing Director / Chief Executive Officer of member banks participating in RTGS and / or NEFT Madam / Sir National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) systems – Waiver of charges Please refer to paragraph No. 8 of the Second… Read More »

RBI abolishes RTGS and NEFT charges. Banks to pass benefits to customers

By | June 7, 2019

The Reserve Bank levies minimum charges on banks for transactions routed through its Real Time Gross Settlement System (RTGS) meant for large-value instantaneous fund transfers and the National Electronic Funds Transfer (NEFT) System for other fund transfers. Banks, in turn, levy charges on their customers In order to provide an impetus to digital funds movement, it… Read More »

UDIN Mandatory for Audit Reports : ICAI

By | June 5, 2019

Institute of Chartered Accountants of India Announcement for Attention of the Members on 04th june 2019 Requirement of Mentioning UDIN while Signing Audit Reports  1.   The members may be aware that “Unique Document Identification Number (UDIN)” has been made mandatory as per the Council decision taken at its 379th meeting held on 17-18 December 2018… Read More »

Sovereign Gold Bond Scheme 2019-20 Series-I – Issue Price

By | June 1, 2019

Date : May 31, 2019 In terms of GoI notification F.No.4(7)-B(W&M)/2019 and RBI circular IDMD.CDD.No.3392/14.04.050/2018-19 dated May 30, 2019, the Sovereign Gold Bond Scheme 2019-20 – Series I will be opened for subscription for the period from June 03 – June 07, 2019. The nominal value of the bond based on the simple average closing price [published by the… Read More »

Sovereign Gold Bond Scheme (SGB) 2019-20- Series I/II/III/IV

By | June 1, 2019

Sovereign Gold Bond Scheme (SGB) 2019-20- Series I/II/III/IV RBI/2018-19/192IDMD.CDD.No.3392/14.04.050/2018-19 May 30, 2019 The Chairman & Managing Director All Scheduled Commercial Banks,(Excluding RRBs)Designated Post OfficesStock Holding Corporation of India Ltd. (SHCIL)National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bond Scheme (SGB) 2019-20- Series I/II/III/IV Government of India has vide its… Read More »

Sovereign Gold Bond Scheme 2019-20 – Series I/II/III/IV – Operational Guidelines

By | June 1, 2019

RBI/2018-19/193IDMD.CDD.No.3391/14.04.050/2018-19 May 30, 2019 The Chairman & Managing DirectorAll Scheduled Commercial Banks(Excluding RRBs)Designated Post OfficesStock Holding Corporation of India ltd.(SHCIL)National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bond Scheme 2019-20 – Series I/II/III/IV – Operational Guidelines This has reference to the GoI notification F.No.4(7)-W&M/2019 dated May 30, 2019 and RBI circular… Read More »

Mandatory UDIN for All Attest / Assurance/Audit functions by CA’s from 1st July 2019

By | May 30, 2019

Dear Professional Colleagues, UDIN already implemented As you are already aware that the full time practicing Chartered Accountants have to mandatory generate UDIN for the documents certified/ issued by them. As per the mandate schedule of ICAI, UDIN was made mandatory for all certificates from 1st Feb., 2019 onwards and for all GST & Tax Audit Reports from 1st April, 2019. From 1st July… Read More »

RTGS Timing Extended by RBI

By | May 29, 2019

RBI/2018-19/189DPSS (CO) RTGS No. 2488/04.04.016/2018-19 May 28, 2019 The Chairman / Managing Director / Chief Executive Officerof member banks participating in RTGS Madam / Dear Sir, Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions A reference is invited to circular DPSS (CO) RTGS No.492/04.04.002/2015-16 dated September 1, 2015 on ‘Changes in RTGS… Read More »

E-book on “ Quick Insights on Professional Opportunities For Chartered Accountants ”

By | May 27, 2019

E-book on “Quick Insights on Professional Opportunities For Chartered Accountants” By ICAI We are pleased to inform that with an aim to provide heightened focus of Chartered Accountants who are in Practice on various emerging Professional Opportunities such as RERA, Ind AS, Companies Act, 2013, Artificial Intelligence, Blockchain, Cyber Security and Data Analytics (ABCD of… Read More »