Category Archives: other Acts

RBI Clarify Provision of Safe Deposit Locker facility by NBFCs

By | January 28, 2016

RBI/2015-16/302 DNBR(PD).CC.No. 072/03.10.001/2015-16 January 28, 2016 All Non-Banking Financial Companies (NBFCs) Dear Sirs, Provision of Safe Deposit Locker facility by NBFCs The Bank has received proposals from NBFCs seeking approval for offering safe deposit locker facilities. In this regard it may be noted that providing safe deposit locker facility is a fee based service and… Read More »

RBI Amends regulations for Foreign Currency Accounts by person resident in India

By | January 28, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] RESERVE BANK OF INDIA (Foreign Exchange Department) NOTIFICATION Mumbai, the 21st January, 2016 No. FEMA 10(R)/2015—RB Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 G.S.R. 96(E).—In exercise of the powers conferred by Section 9 and clause (e) of sub-section (2)… Read More »

Download Result Card of CPT December 2015 (Examination)

By | January 28, 2016

Source : ICAI January 25, 2016 Sub:- Website for downloading Result Card of CPT December, 2015 (Examination) The Result Cards of Common Proficiency Test (CPT) have been hosted at www.icai.nic.in instead of www.icai.nic.in/cptresultcard (which was mentioned in the Information Brochure/Guidance Notes for CPT candidates published along with the Examination Application Forms of CPT December, 2015)… Read More »

CA IPC Result Nov 2015 likely to be declared on 1.02.2016

By | January 27, 2016

Result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in November, 2015 is likely to be declared on Monday, the 1st February, 2016 around 4.00 P.M. – (25-01-2016) Source : THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA The result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in November, 2015 is likely… Read More »

Rs 1 Crore Fine was imposed on Google by Competition Commission of India

By | January 27, 2016

COMPETITION COMMISSION OF INDIA Consim Info (P.) Ltd. v. Google Inc., USA ASHOK CHAWLA, CHAIRPERSON DR. GEETA GOURI, ANURAG GOEL, M.L. TAYAL, AND S.L. BUNKER, MEMBER CASE NOS. 7 & 30 OF 2012 MARCH  26, 2014 Ravi Sekhar Nair and Sameer Gandhi for the Opposite Party. ORDER UNDER SECTION 43 OF THE COMPETITION ACT, 2002… Read More »

Govt made Modifications in Gold Monetisation Scheme

By | January 24, 2016

Modifications in the Gold Monetisation Scheme Government had launched the Gold Monetisation Scheme (GMS) on 5th November, 2015. Thereafter a number of suggestions have been received to make the scheme easier for the customers to participate. Accordingly, in consultation with Government, RBI has issued a Master Direction on GMS on 21st January, 2016, which amends… Read More »

3 Additional features of Rs 500 Banknote

By | January 23, 2016

Source  :Reserve Bank of India Date : Jan 22, 2016 RBI to issue ₹500 banknotes with inset letter ‘E’, ascending size of numerals in number panels, bleed lines and enlarged identification mark The Reserve Bank of India will shortly issue ₹ 500 denomination bank notes with three additional/revised features in the Mahatma Gandhi Series-2005, with… Read More »

New features of Rs 100 Banknotes issued by RBI

By | January 23, 2016

Source : Reserve Bank of India Date 22.01.2016 RBI to issue ₹100 Banknotes with incorporation of ascending size of Numerals in the number panels, bleed lines and enlarged identification mark As a part of its endeavor to continually improve design/security features of the banknotes and to deter counterfeiting activities, Reserve Bank of India recently introduced… Read More »