RBI identifies Accounts for Reference by Banks under the Insolvency and Bankruptcy Code (IBC) The Reserve Bank of India had issued a Press Release on May 22, 2017 outlining the steps taken and those on the anvil pursuant to the promulgation of the Banking Regulation (Amendment) Ordinance, 2017. The Press Release had mentioned inter alia… Read More »
RBI/2016-17/321 DBR.No.BP.BC.74/21.06.009/2016-17 June 13, 2017 The Chairman / CMD / MD / CEO All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Madam/Dear Sir, Prudential Guidelines on Capital Adequacy and Market Discipline- New Capital Adequacy Framework (NCAF) – Eligible Credit Rating Agencies – INFOMERICS Valuation and Rating Pvt Ltd. (INFOMERICS) Please refer… Read More »
Master Direction – Information Technology Framework for the NBFC Sector RBI/DNBS/2016-17/53 Master Direction DNBS.PPD.No.04/66.15.001/2016-17 June 08, 2017 Master Direction – Information Technology Framework for the NBFC Sector In exercise of the powers conferred in terms of clause (b) of sub-section (1) of 45-L of the Reserve Bank of India Act, 1934 (Act 2 of 1934),… Read More »
RBI/2016-17/320 FIDD.CO.LBS.BC.No 31/02.01.001/2016-17 June 8, 2017 The Chairman and Managing Director/ Chief Executive Officer SLBC Convenor Banks Dear Sir, Aligning roadmap for unbanked villages having population more than 5000 with revised guidelines on Branch Authorisation Policy Please refer to the circular FIDD.CO.LBS.BC.No.82/02.01.001/2015-16 dated December 31, 2015 wherein SLBCs were advised to identify villages with population… Read More »
Recording of PPO Number in the passbook of Pensioners / Family Pensioners RBI/2016-17/319 DGBA.GBD.No.3235/45.01.001/2016-17 June 8, 2017 All Agency Banks Dear Sir / Madam Recording of PPO Number in the passbook of Pensioners / Family Pensioners As you are aware, it has been decided to record the PPO number in all the pension passbooks of… Read More »
FAQs on Revised Scheme of Education & Training of Chartered Accountancy Course CA Course ; Revised Scheme of Education and Training notified by ICAI on 25.05.2017 . Following are the FAQ :- Q1: Under the Revised Scheme what is the nomenclature for all the three levels? Ans: The three levels will now be called as Foundation,… Read More »
Steps under Route I – Foundation Course Route Register with Board of Studies (BoS) after appearing in Class XII examination so as to complete four months study period (i.e. register till 30th June/ 31st Dec. for November/ May Examination). Qualify Class XII examination (if not done earlier) Appear for Foundation examination in November/ May. Qualify… Read More »
Office of the Commissioner of Sales Tax, 8th floor, Vikrikar Bhavan, Mazgaon, Mumbai-400010. TRADE CIRCULAR To, ……………………………. ……………………………… No. D.C.(A86121-02/VAT/MISC/2017/2/ADM-08 Mumbai dated 31st May 2017. Trade Cir. No. 18T of 2017 Subject : New Composition Scheme for Builder and Developer Ref. (1) Finance Department Notification No. VAT- 1510./C.R.-65/Taxation-1 dated 9th.July 2010. (2) Finance Department Notification No.… Read More »
RBI/2016-17/314 FMRD.FMID No.14/11.01.007/2016-17 June 01, 2017 To All eligible participants in the OTC derivatives markets Dear Sir/Madam Introduction of Legal Entity Identifier for OTC derivatives markets The Legal Entity Identifier (LEI) code has been conceived of as a key measure to improve the quality and accuracy of financial data systems for better risk management post… Read More »
Revised Scheme of Education and Training for CA Course, FAQs and Implementation Schedule The Institute of Chartered Accountants of India (ICAI) has formulated the Revised Scheme of Education and Training in lines with International Education Standards issued by International Federation of Accountants (IFAC) after considering the inputs from various stakeholders. The Revised Scheme of Education… Read More »