RBI/2018-19/48 A.P. (DIR Series) Circular No.9 September 19, 2018 To All Category-I Authorised Dealer Banks Madam / Sir External Commercial Borrowings (ECB) Policy – Liberalisation Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraphs 2.4.1 and 3.3.3 of Master Direction No.5 dated January 1, 2016 on “External Commercial Borrowings, Trade Credit, Borrowing and Lending… Read More »
SEBI has notified Securities Exchange Board of India (Buy-Back of Securities) Regulations, 2018. The norms prescribes maximum limit of buy-back as 25% or less of the aggregate paid up capital and free reserves of the Company. Under new norms, a company can’t buy-back its securities so as to delist its shares from stock exchange. Norms… Read More »
Dear Member, Greeting from Indirect Taxes Committee of ICAI! The Government vide Notification No. 49/2018 – Central Tax dated 13th Sept, 2018 has notified “Part A- FORM GSTR-9C – Reconciliation Statement, Part B-Certificate” to be certified by the Chartered Accountants, which can be downloaded from http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-49-central-tax-english-new.pdf;jsessionid=4CEF3120901571CC607B4BA25FD1A7CA Considering that most of you are involved in actual implementation of GST… Read More »
Restrictions on Operating Bank account if No PAN or Form No 60 Not given Q : What will happen if PAN or Form No 60 not given into Bank account ? As per the RBI Circular DBR.AML.BC.48/14.01.01/2016-17 Dated December 15, 2016 ” In respect of KYC compliant accounts where the required CDD procedure has been complied with,… Read More »
ICAI Membership Fees online Payment ICAI Membership Fees online Payment : you must have Membership number and Date of Birth. ICAI membership Fees will be calculated automatically by the system ICAI Membership Fees online Payment Click here Institute of Chartered Accountants of India Final Fee Reminder … Read More »
Amendments to Reserve Bank of India (Note Refund) Rules, 2009 RBI/2018-19/46 DCM (NE) No.657/08.07.18/2018-19 September 7, 2018 The Chairman and Managing Director / The Managing Director/ The Chief Executive Officer All Banks Madam / Dear Sir, Amendments to Reserve Bank of India (Note Refund) Rules, 2009 Please refer to the Reserve Bank of India (Note Refund)… Read More »
Date : Sep 07, 2018 Reserve Bank of India imposes monetary penalty on Union Bank of India The Reserve Bank of India (RBI) has, on August 30, 2018, imposed a monetary penalty of ₹ 10 million on Union Bank of India (the bank) for contravention of instructions contained in Master Circular on Fraud – Classification and… Read More »
Date : Sep 07, 2018 Reserve Bank of India imposes monetary penalty on Bank of Maharashtra The Reserve Bank of India (RBI) has, on August 30, 2018, imposed a monetary penalty of Rs 10 million on Bank of Maharashtra (the bank) for contravention of the instructions contained in Master Circular on Fraud – Classification and Reporting… Read More »
Amendments have been made in Apendices & Aayat Niryaat Forms (ANFs) pertaining to Chapter 7 of Handbook of Procedures 20152020 in light of implementation of GST and updation in FTP/ BP consequent upon Mid-Term Review on 5.12.2017 vide Public Notice No. 37/2015.2020 dated 4thSeptember, 2018. GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF… Read More »
Paragraph 2.79 C has been included in the Handbook of Procedures of FTP 2015- 20 to lay down the procedure for export of SCOMET items for repair/replacement purposes vide Public Notice No. 33/2015-20, Dated 4 September, 2018. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan… Read More »