RBI/2018-19/109 A.P. (DIR Series) Circular No. 17 January 16, 2019 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy – New ECB Framework Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraph 7 of the Statement on Developmental and Regulatory Policies of the Fifth Bi-monthly Monetary Policy Statement for 2018-19… Read More »
The Right of Children to Free and Compulsory Education (Amendment) Act, 2019 has been notified in the Gazette of India Posted On: 16 JAN 2019 7:02PM by PIB Delhi The Right of Children to Free and Compulsory Education (Amendment) Act, 2019 which was passed by the Parliament on 3rdJanuary, 2019 received the assent of the… Read More »
Extension of last date “for complying with the CPE hours requirement for the Calendar Year 2018” – from 31st December, 2018 to 31st January, 2019 – (11-01-2019) FOR INFORMATION OF THE MEMBERS Subject: Extension of last date “for complying with the CPE hours requirements for the Calendar Year 2018” – till 31st January, 2019 This… Read More »
MINISTRY OF SOCIAL JUSTICE AND EMPOWERMENT (Department of Social Justice and Empowerment) NOTIFICATION New Delhi, the 14th January, 2019 S.O. 292(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the Constitution (One Hundred and Third Amendment) Act, 2019, the Central Government hereby appoints the 14th January, 2019 as the date on which… Read More »
RBI allowed Tokenisation in Card transactions RBI/2018-19/103DPSS.CO.PD No.1463/02.14.003/2018-19 January 08, 2019 The Chief Executive Officer / PresidentAll authorised card payment networks Madam / Dear Sir, Tokenisation – Card transactions Continuing the efforts to improve safety and security of card transactions, Reserve Bank of India had permitted card networks for tokenisation in card transactions for a… Read More »
Onerous Contracts – Cost of Fulfilling a Contract (Proposed amendments to IAS 37) – (02-01-2019) Introduction In this Exposure Draft, the International Accounting Standards Board (Board) proposes to amend IAS 37 Provisions, Contingent Liabilities and Contingent Assets. The amendments specify the costs an entity includes in determining the ‘cost of fulfilling’ a contract for the… Read More »
Micro, Small and Medium Enterprises (MSME) sector – Restructuring of Advances RBI/2018-19/100 DBR.No.BP.BC.18/21.04.048/2018-19 January 1, 2019 All banks and NBFCs regulated by the Reserve Bank of India Dear Sir/ Madam, Micro, Small and Medium Enterprises (MSME) sector – Restructuring of Advances 1. Please refer to the circulars DBR.No.BP.BC.100/21.04.048/2017-18 dated February 07, 2018 and DBR.No.BP.BC.108/21.04.048/2017-18 dated June 6, 2018.… Read More »
7.75% Savings (Taxable) Bonds, 2018 – Operational Guidelines RBI/2018-19/95 IDMD.CDD.No.1637/13.01.299/2018-19 December 24, 2018 The Chairman & Managing Director State Bank of India & 18 Nationalised Banks Axis Bank Ltd., ICICI Bank Ltd., HDFC Bank Ltd., Stock Holding Corporation of India Ltd. (SHCIL) Dear Sir/Madam, 7.75% Savings (Taxable) Bonds, 2018 – Operational Guidelines This has reference… Read More »
Institute of Chartered Accountants of India ANNOUNCEMENT UDIN – A way to authenticate document As you are aware that to secure the certificates/documents attested/certified by practicing Chartered Accountants and for tracing forged/wrong documents prepared by any third person misrepresenting himself as a Chartered Accountant, ICAI had implemented an innovative concept of UDIN i.e. Unique Document… Read More »
RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 17th December, 2018 No. FEMA 3(R)/2018-RB Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 G.S.R. 1213(E).—In exercise of the powers conferred by clauses (a), (d) and (e) of Sub-Section (3) of Section 6, sub- section (2) of Section 47 of the Foreign Exchange… Read More »