Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – “ Vasai Vikas Sahakari Bank Ltd, Vasai Thane ” Source : Reserve Bank of India RBI/2015-16/325 DCBR CO. BPD.BC. No.10/16.05.000/2015-16 Magha 29, 1937 February 18, 2016 All Banks Dear Sir/Madam Inclusion in the Second Schedule to the Reserve Bank of India… Read More »
Source : Reserve Bank of India RBI/2015-16/326 DNBR.CC.PD.No.074/03.10.01/2015-16 February 18, 2016 To All Non-Banking Financial Companies (NBFCs) – Factors. NBFC – Factors (Reserve Bank) Directions, 2012 – Review The Reserve Bank of India had reviewed the guidelines on provision of factoring services by banks and specified certain conditions under which banks can departmentally undertake factoring… Read More »
Source : Reserve Bank of India RBI/2015-16/327 DNBR (PD) CC.No.075/03.10.001/2015-16 February 18, 2016 All Deposit taking NBFCs (including RNBCs) and NBFCs- ND-SI Madam/ Sir, Frauds – Future approach towards monitoring of frauds in NBFCs Please refer to circulars DNBS.PD.CC.No.127/ 03.10.42/2008-09 dated August 14, 2008, DNBS.PD.CC.No.256/03.10.042/2011-12 dated March 02, 2012 andDNBS.PD.CC.No.314/03.10.042/2012-13 dated December 13, 2012 on… Read More »
The Central Government issues notification to reappoint Shri U.K. Sinha to the post of Chairman, SEBI In exercise of the powers conferred by Section 4 of the Securities and Exchange Board of India (SEBI) Act, 1992 read with Rule 3 of SEBI Rules 1992, the Central Government has re-appointed Shri U.K. Sinha to the post… Read More »
Source : Reserve Bank of India GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Economic Affairs) (Budget Division) New Delhi, the February 17, 2016. NOTIFICATION Repurchase of Government Stocks F. No.4(5)-W&M/2015: The Government of India hereby notifies repurchase of (i) 7.59 per cent Government Stock 2016, (ii) 10.71 per cent Government Stock 2016, and (iii)… Read More »
Norms on eligibility, empanelment and selection of Statutory Central Auditors in Public Sector Banks from the year 2016-17 and onwards Source : Reserve Bank of India (i) The audit firm shall have a minimum of 7 full time chartered accountants, of which at least 5 should be full time partners exclusively associated* with the firm.… Read More »
Norms on eligibility, empanelment and selection of Statutory Central Auditors and Statutory Branch Auditors in Public Sector Banks for the year 2015-16 Statutory Central Auditors as Annex I and Statutory Branch Auditors as Annex II Annex I Norms on eligibility, empanelment and selection of Statutory Central Auditors in Public Sector Banks (i) The audit firm… Read More »
Policy of Empanelment of CA Firms and Selection of Auditors of PSUs Empanelment of CA firms Chartered Accountant firms in India with at least one full time [1] FCA (Partner/Sole Proprietor) can apply for empanelment with this office for allotment of audit of Public Sector Undertakings. The criteria for empanelment and selection of statutory auditors… Read More »
Source ICAI Last date for submission of online application form for empanelment with O/o C&AG for the year 2016-17 is extended to 22nd February, 2016. – (15-02-2016) The last date for submission of online application form for Empanelment with O/o C&AG for the year 2016-17 for audit of PSUs is extended to 22nd February, 2016… Read More »
Source Insurance Regulatory and Development Authority of India IRDAI (Registration and Operations of Branch Offices of Foreign Reinsurers other than Lloyds) (First Amendment) Regulations, 2016