Category Archives: other Acts

Insurance Ombudsman Rules 2017 – Notified

By | April 29, 2017

Insurance Ombudsman Rules 2017. MINISTRY OF FINANCE (Department of Financial Services) (INSURANCE DIVISION) NOTIFICATION New Delhi, the 25th April, 2017 G.S.R. 413(E).—Whereas, the draft of certain rules namely, the Insurance Ombudsman Rules, 2016, were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) dated the 15th September, 2016 under the notification of… Read More »

RBI Guidelines on Merchant Acquisition for Card Transactions

By | April 29, 2017

RBI/2016-17/296 DCBR.RAD (PCB/RCB) Cir.No.4/7.12.001/2016-17 April 28, 2017 The Chief Executive Officers All Primary (Urban) Co-operative Banks / All State Co-operative Banks (StCBs) / All District Central Co-operative Banks Dear Sir/Madam, Guidelines on Merchant Acquisition for Card Transactions Co-operative banks have been permitted to install both onsite/offsite ATM networks and can issue debit cards on their… Read More »

Role of Chief Risk Officer (CRO) in Banks – RBI Guidlines

By | April 29, 2017

RBI/2016-17/294 DBR.BP.BC.No.65/21.04.103/2016-17 April 27, 2017 The Chairman and Managing Director/Chief Executive Officer All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) And Small Finance Banks Madam/Dear Sir, Risk Management Systems – Role of the Chief Risk Officer (CRO) Please refer to the guidelines on Risk Management Systems issued vide our circular DBOD.No.BP.(SC).BC.98/21.04.103/99… Read More »

Use of e-wallet for investment in Mutual Funds allowed by SEBI & Other SEBI Board Meeting Decisions

By | April 27, 2017

SEBI Board Meeting PR No.: 25/2017  Dated: Apr 26, 2017 The SEBI Board met in Mumbai today and took the following decisions: 1.  Instant Access Facility (IAF) in Mutual Funds and use of e-wallet for investment in Mutual Funds With an objective to channelize households’ savings into capital market and to promote digitalization in mutual… Read More »

ICAI reduced marks required for passing ISA AT Test

By | April 26, 2017

Requirements for passing Information Systems Audit (Assessment Test) 25th April 2017 It is hereby informed that in exercise of the authority vested with it under Regulation 204 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India has decided to revise the requirement for passing the Information Systems Audit(Assessment… Read More »

ICAI Discontined some of Post Qualification Courses for Members

By | April 25, 2017

Discontinuation of some of the Post Qualification Courses for Members – (25-04-2017) 25th April 2017 Re: Discontinuation of some of the Post Qualification Courses for members The post qualification courses for members conducted by ICAI include the following: Management Accountancy Course (MAC) Tax Management Course (TMC) Corporate Management Course (CMC) and International Tax Laws and… Read More »

ICAI Withdrawal of FAQ on Revised Schedule VI to Companies Act 1956. – (25-04-2017)

By | April 25, 2017

Withdrawal of Frequently Asked Questions on the Revised Schedule VI to the Companies Act, 1956. – (25-04-2017) Source : Institute of Chartered Accountants of India CL&CGC/ 20/ 2017-2018 25th April, 2017 ANNOUNCEMENT Sub: Regarding withdrawal of Frequently Asked Questions on the Revised Schedule VI to the Companies Act, 1956 as issued by the Corporate Laws… Read More »

MVAT: Change in Rate of VAT on Motor Spirit wef 22.04.2017

By | April 25, 2017

FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk Mantralaya, Mumbai 400 032, dated the 21st April 2017 NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT, 2002. No. VAT.1517/C.R.44/Taxation-1.—In exercise of the powers conferred by sub-section (1) of section 9 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra, hereby amends… Read More »

Grant of Licences/ Authorisations for import of Gold Dore

By | April 25, 2017

F.No. 01/53/162/Misc/AM17/PMO/M-4/IC Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi-110011 Dated 21.04.2017 Trade Notice No. 04 To All RAs of DGFT Members of Trade/EPCs Sub: Consideration of applications for grant of Licences/ Authorisations for import of “Gold Dore” It is brought to the… Read More »

SEIS Schedule under App. 3D-Eligible period extended up to 31.3.2017

By | April 24, 2017

[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-I, SECTION (I)] GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE NEW DELHI PUBLIC NOTICE NO 3/2015-2020, Dated: April 21, 2017 Subject: Services Exports from India Schema (SEIS) – Schedule under Appendix 3D as annexure to the Public… Read More »