Master Circular – Collection of Direct Taxes – OLTAS RBI/2016-17/47 DGBA.GAD.No.458/42.01.034/2016-17 August 25, 2016 To All agency Banks Dear Sir / Madam Master Circular – Collection of Direct Taxes – OLTAS Please refer to our Master Circular DGBA.GAD.No.3/42.01.034/2015-16 dated July 1, 2015 on the above subject. 2. Instructions regarding Online Tax Accounting System (OLTAS) and… Read More »
Date : Aug 12, 2016 Pay IT dues in advance at RBI or at authorised bank branches – September 2016 The Reserve Bank of India has appealed to income tax assessees to remit their income tax dues sufficiently in advance of the due date. It has also stated that assessees can use alternate channels like… Read More »
SUPREME COURT OF INDIA Rayala Corporation (P.) Ltd. v. Assistant Commissioner of Income-tax ANIL R. DAVE AND L. NAGESWARA RAO, JJ. CIVIL APPEAL NOS. 6437 TO 6441 OF 2016 AUGUST 11, 2016 JUDGMENT Anil R. Dave, J. – Being aggrieved by the judgment delivered by the High Court of Madras on 4th October, 2013 in… Read More »
Multipurpose Empanelment Form for the year 2016-17 Online Multipurpose Empanelment Form (MEF) for the year 2016-17 is live at www.meficai.org. The last date for submission of online MEF Form for the year 2016-17 is 31st August, 2016 and for submission of hard copy of “DECLARATION FOR MEF 2016-17” is 12th September, 2016. In case, an applicant… Read More »
Date : Aug 11, 2016 The Reserve Bank of India has today placed on its website the Draft Circular on “Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions”, for feedback. Suggestions/comments, if any, on the Draft Circular may be sent by post to the Chief General Manager, Department of Banking Regulation,… Read More »
RBI/2016-17/36 DBR.No.BP.BC.4/21.03.009/2016-17 August 11, 2016 All Commercial Banks and All India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) Madam / Sir, Capacity Building in Banks and AIFIs The Reserve Bank had constituted a ‘Committee on Capacity Building’ (July 2014) under the Chairmanship of former Executive Director, Shri G Gopalakrishna, with the objective of implementing… Read More »
RBI/2016-17/37 FIDD.CO.Plan.BC.10/04.09.01/2016-17 August 11, 2016 The Chairman/ Managing Director/ Chief Executive Officer [All Scheduled Commercial Banks (excluding Regional Rural Banks)] Dear Sir/ Madam, Priority Sector Lending status for Factoring Transactions Please refer to Master Direction FIDD.CO.Plan.1/04.09.01/2016-17 dated July 7, 2016 on Priority Sector Lending (PSL) and Guidelines dated December 3, 2014 for setting up of… Read More »
Source : RBI Know Your Customer Guidelines (updated up to December 22, 2014) (This is a summarised and simplified version of the Reserve Bank of India’s Know Your Customer guidelines. For further details, please refer to the links which are provided below.) Q 1. What is KYC? Why is it required? Response: KYC means “Know… Read More »
Insurance Regulatory and Development Authority of India IRDA/F&A/GDL/LSTD/155/08/2016 Dated 05.08.2016
Insurance Regulatory and Development Authority of India IRDA/F&A/GDL/LSTD/154/08/2016 August 5,2016 Insurance Regulatory and Development Authority of India (Listed Indian Insurance Companies ) Guidelines ,2016