Extension of last date for compliance of CPE Hours requirement for the year 2016 (ending block period 2014-2016) – from 31st December 2016 to 31st January 2017. – (23-12-2016) Subject: Extension of last date for compliance of CPE Hours requirement for the year 2016 (ending block period 2014-2016) – from 31st December 2016 to 31st… Read More »
Demonetisation in India On 8th November 2016,the Prime Minister Shri Narendra Modi announced demonetisation of Rs. 500 and Rs. 1000 notes that represent 86.4% of the currency in circulation 1. Corruption in India India is the 76 least corrupt nation out of 175 countries, according to the 2015 Corruption Perceptions Index reported by Transparency International.… Read More »
Special Deposit Scheme 1975 – Payment of interest for the calendar year 2016 RBI/2016-17/192 DGBA.GAD.No.1478/15.01.001/2016-17 December 22, 2016 The Chairman/Chief Executive Officer Agency Banks handling Special Deposit Scheme,1975 Dear Sir, Special Deposit Scheme 1975 – Payment of interest for the calendar year 2016 Please find enclosed copies of Government of India Gazette Notifications dated April… Read More »
ICAI Code of Conduct for elected, Co-opted and Nominated Representatives has been issued. – (22-12-2016) No. ICAI /ESB/2016/02 Announcement In pursuance of the decision taken at the 356th Meeting of Council held on 29th June – 1stJuly, 2016, the ICAI Code of Conduct for elected, Co-opted and Nominated Representatives has been issued. This Code applies… Read More »
Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on December 22, 2016) (Updated as on December 22, 2016) 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes… Read More »
CIRCULAR CFD/DCR/CIR/2016/139 December 21, 2016 To All Listed Entities All Registered Registrar & Share Transfer Agents All Depositories All Nationwide Stock Exchanges Dear Sir/Madam, System-driven Disclosures in Securities Market 1. SEBI, vide circular dated December 01, 2015, had introduced the system-driven disclosures in securities market detailing the procedure to be adopted for its implementation with… Read More »
Date : Dec 21, 2016 Minutes of the Monetary Policy Committee Meeting December 6-7, 2016 [Under Section 45ZL of the Reserve Bank of India Act, 1934] The second meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the amended Reserve Bank of India Act, 1934, was held on December 6 and 7,… Read More »
Distribution of Banknotes during November 10 to December 19, 2016 Date : Dec 21, 2016 Consequent to the announcement of withdrawal of Legal Tender status of banknotes of ₹ 500 and ₹ 1000 denominations from the midnight of November 8, 2016, the Reserve Bank of India made arrangements for supply of adequate quantity of banknotes… Read More »
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes) – Deposit of Specified Bank Notes (SBNs) into bank accounts- Modification RBI/2016-17/191 DCM (Plg) No. 1911/10.27.00/2016-17 December 21, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural… Read More »
Date : Dec 19, 2016 Banks should accept Pre-2005 Banknotes in Deposit: RBI clarifies The Reserve Bank of India has clarified that bank should accept deposits of pre-2005 banknotes in the denominations of ₹ 500 and ₹ 1000 but not reissue these. These notes can be exchanged at the Reserve Bank Offices only. In terms… Read More »