Category Archives: other Acts

ICAI ISA Test 24.12.2016 :- Kota and Thiruvananthapuram added in center list

By | January 4, 2017
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THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA [Set up by an Act of Parliament] NOTIFICATION New Delhi, the 14th December, 2016 No.13-CA(EXAM)/ISA/December/2016/II.—In partial modification of the Institute’s Notification No.13- CA(Exam)/ISA/December/2016 dated 6th November, 2016, it is notified for general information that Kota and Thiruvananthapuram are added to the list of cities where the Information Systems… Read More »

Withdrawal of Old Bank Notes – RBI updated FAQ’s as on 04.01.2017

By | January 4, 2017
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Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- and The Specified Bank Notes (Cessation of Liabilities) Ordinance 2016 (Updated as on January 04, 2017) 1. Why was the Scheme of Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of… Read More »

Exchange Limit of Indian Currency to foreign citizens till 31.01.2017

By | January 4, 2017
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RBI/2016-17/208 A.P. (DIR Series) Circular No. 24 January 03, 2017 To All Authorised Persons Madam / Sir, Exchange facility to foreign citizens Attention of Authorized Persons is invited to the A.P. (DIR Series) Circular No. 20 dated November 25, 2016 permitting foreign citizens to exchange foreign exchange for Indian currency notes up to a limit… Read More »

Supply 40% of bank notes to rural areas : RBI to Banks

By | January 3, 2017
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Allocation of cash for rural areas RBI/2016-17/207 DCM (Plg) No.2200/10.27.00/2016-17 January 03, 2017 The Chairman / Managing Director/ Chief Executive Officer, (All banks with currency chests) Dear Sir / Madam Allocation of cash for rural areas Please refer to our circulars DCM (Plg) No.1345/10.27.00/2016-17 dated November 22, 2016 and DCM (Plg) No.1508/10.27.00/2016-17 dated December 02,… Read More »

Credit of proceeds due to write off of securities held by Foreign Portfolio Investors/deemed Foreign Portfolio Investors.

By | January 3, 2017
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CIRCULAR IMD/HO/FPIC/CIR/P/ 2017/ 001 January 02, 2017 To, All Designated Depository Participants (“DDPs”)/ Custodian of Securities All Foreign Portfolio Investors through their designated Custodians of Securities Sir / Madam, Subject : Reference to Circular no. FITTC/FII/02/2002 dated May 15, 2002- In regard to credit of proceeds due to write off of securities held by Foreign… Read More »

Tender Form For Non Resident Indians for Deposit of Old Bank Notes

By | January 1, 2017
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Tender Form For Non Resident Indians for Deposit of Old Bank Notes at RBI Offices [ Related Post How and Where to Deposit Old bank notes after 30.12.2016 : RBI prescribed procedure ] Download  Tender Form For Non Resident Indians for Deposit of Old Bank Notes Particulars Date Circular No       Ceasing of bank notes… Read More »

Tender Form – For Resident Indians – For Deposit of Old Bank Notes at RBI

By | January 1, 2017
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Tender Form – For Resident Indians [ Related Post How and Where to Deposit Old bank notes after 30.12.2016 : RBI prescribed procedure How to deposit old Bank notes at RBI after 30.12.2016 -Key Points ] Download Tender Form – For Resident Indians Related Post on Demonetization Particulars Date Circular No       Ceasing of bank… Read More »

How and Where to Deposit Old bank notes after 30.12.2016 : RBI prescribed procedure

By | January 1, 2017
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Deposit Old notes in RBI after 30.12.2016 : RBI Prescribed procedure For deposit old Notes in RBI , Bank will ensure that accounts are KYC complied. Read following Circular of RBI on prescribed procedure :- Facility for exchange of Specified Bank Notes (SBNs) during Grace Period – Verification of KYC and Account details RBI/2016-17/205 DCM… Read More »

Do’s and Dont’s for CA’s – Recent Decisions of Ethical Standards Board of ICAI

By | December 31, 2016
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Recent Decisions of Ethical Standards Board of ICAI for Chartered Accountants A chartered accountants in practice cannot become Financial Advisors and receive fees/commission from Financial Institutions such as Mutual Funds, Insurance Companies, NBFCs etc. A chartered accountant cannot exercise lien over the client documents/records for non-payment of his fees. It is not permissible for CA… Read More »