Category Archives: other Acts

Reporting of Investment in Commercial Papers & Unhedged Foreign Currency Exposures of the Borrowers to Credit Information Companies

By | June 23, 2016
0 Comment

RBI/2015-16/432 DBR.CID.BC. 107/20.16.056/2015-16 June 23, 2016 All Scheduled Commercial Banks All India Financial Institutions Credit Information Companies Dear Sir / Madam Reporting of Information on Investment in Commercial Papers and Unhedged Foreign Currency Exposures of the Borrowers to Credit Information Companies Please refer to our circular DBOD.No.CID.BC.127/20.16.056/2013-14 dated June 27, 2014 advising banks to implement… Read More »

Category: RBI

Statutory Auditors’ Certificate (SAC) to be submitted by NBFCs

By | June 23, 2016
0 Comment

RBI/2015-16/433 DNBS (PPD) CC.No./04/66.14.001/2015-16 June 23, 2016 To CEOs of All NBFCs (excluding RNBCs) and The President of ICAI Dear Sir/Madam, Format of Statutory Auditors’ Certificate (SAC) to be submitted by NBFCs Please refer to the Notification No. DNBS 192/DG (VL) dated Feb 22, 2007 prescribing Prudential Norms Directions. In terms of the extant instructions,… Read More »

RBI Master Directions on Financial Statements of All India Financial Institutions

By | June 23, 2016
0 Comment

RBI/DBR/2015-16/26 Master Direction DBR.FID.No.108/01.02.000/2015-16 June 23, 2016 Master Direction – Reserve Bank of India ( – Presentation, Disclosure and Reporting) Directions, 2016 In exercise of the powers conferred by Section 45 L of the Reserve Bank of India Act, 1934, the Reserve Bank of India being satisfied that it is necessary and expedient in the public… Read More »

Payment and Settlement Systems in India: Vision-2018 of RBI

By | June 23, 2016
0 Comment

The Reserve Bank of India has today placed on its website the “Payment and Settlement Systems in India: Vision-2018”. The Vision-2018 aims at building best of class payment and settlement systems for a ‘less-cash’ India. The broad contours of Vision-2018 revolve around 5 Cs – coverage, convenience, confidence, convergence and cost. To achieve these, Vision-2018… Read More »

Dispensation of GMCS-I Course by ICAI

By | June 23, 2016
0 Comment

Dispensation of GMCS-I by merging its syllabus with Orientation Course for 15 days (90 hours) – (14-06-2016) The Council has decided to dispense with the General Management and Communication Skills (GMCS) – I Course and merge its syllabus with Orientation Programme. Hence forthwith, it will be known as Orientation Course. Accordingly, it has been decided… Read More »

CA IPC Nov 2016 exam applicable amendments

By | June 23, 2016
0 Comment

Applicability of Standards/Guidance Notes/Legislative Amendments etc. for November, 2016 – Intermediate (IPC) Examination Paper 1: Accounting Accounting Standards AS 1 : Disclosure of Accounting Policies AS 2 : Valuation of Inventories AS 3 : Cash Flow Statements AS 6 : Depreciation Accounting AS 7 : Construction Contracts (Revised 2002) AS 9 : Revenue Recognition AS… Read More »

Empanelment as Examiners for CA Examinations and Earn honorarium

By | June 23, 2016
0 Comment

Invitation for empanelment as Examiners for Chartered Accountants Examinations Applications are invited from eligible members of the Institute and other professionals including academicians of reputed educational institutions, tax and legal practitioners etc., having a flair for academic activities including valuation of answer books and willing to undertake confidential assignments as a dedicated examiner, for empanelment… Read More »

e-Insurance Policies norms issued by IRDAI

By | June 23, 2016
0 Comment

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 13th June, 2016 Insurance Regulatory and Development Authority of India (Issuance of e-Insurance Policies) Regulations, 2016 F .No. IRDAI/Reg/16/128/2016 – In exercise of the powers conferred by section 14 (2) read with clause (gb) of sub… Read More »

Exemption from DGFT licence to operate air transport services if permission from MCA

By | June 22, 2016
0 Comment

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 20th June, 2016 No. 10 /2015-2020 Subject: Amendment in policy condition 1 (e) of Chapter 88 of ITC (HS), 2012 – Schedule – 1 (Import Policy). S.O. 2153(E).— In exercise of powers conferred by Section 3 of FT… Read More »