Exposure Draft of Guidance Note on Combined Financial Statements
Exposure Draft of Guidance Note on Combined Financial Statements – (05-08-2016)
Category Archives: other Acts
Exposure Draft on amendment in Ind AS 102 Share Based Payments
Exposure Draft on amendment in Ind AS 102, Share Based Payments (August 2016) – (04-08-2016) Following is the Exposure Draft of changes proposed in Ind AS 102, Share Based Payments, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments. The Board invites comments on any aspect of this… Read More »
What to Check before depositing your money in any Scheme ?
1. Which entities are authorised to raise deposits from public? The entities authorised to accept deposits are given in the table as below: Sr. No. Category Regulator Additional Comments 1 Commercial and Cooperative Banks Reserve Bank of India (RBI) All Commercial and Co-operative Banks are entitled to accept deposits 2 Non-Banking Finance Companies (NBFCs) RBI… Read More »
RBI new website ‘ सचेत ‘ -Sachet- to stop Illegal Collection of Deposits
Date : Aug 04, 2016 RBI Governor launches Website ‘सचेत‘ to curb Illegal Collection of Deposits “Initiating quick follow up and taking cases to logical conclusion by punishing the guilty is paramount to deter entities in future from carrying out unlawful activity. I hope ‘Sachet’ would help regulators in doing this as much as it… Read More »
Govt fixed Inflation Target of 4% & tolerance level
Statutory and Institutionalised framework for Monetary Policy; Central Government in consultation with RBI announces the Inflation Target of Four Percent The Finance Minister had announced in his Budget Speech for 2016-17 the Government’s intention to amend the Reserve Bank of India Act, 1934 (RBI Act) to provide for a statutory and institutionalised framework for a… Read More »
Interest Subvention Scheme -Union Budget – 2016-17 : RBI Guidelines
RBI/2016-17/32 FIDD.CO.FSD.BC.No 9/05.02.001/2016-17 August 4, 2016 To, The Chairman / Managing Director All Public & Private Sector Scheduled Commercial Banks Dear Sir/Madam Union Budget – 2016-17 Interest Subvention Scheme As directed by the Government of India and in pursuance of the budget announcement relating to the Interest Subvention Scheme 2016-17 (the Scheme) it is advised… Read More »
Dishonour of cheques – RBI Modified procedure
RBI/2016-17/33 DBR.No.Leg.BC.3/09.07.005/2016-17 August 04, 2016 All Scheduled Commercial Banks (Including RRBs) Dear Sir/ Madam, Dishonour of cheques – Modification in procedure Please refer to our circular DBOD.BC.Leg.No.113/09.12.001/2002-03 dated June 26, 2003 and paragraph 11.4 (i) of RPCD.CO.RRB.BC.No.100/03.05.33/2013-14 dated May 12, 2014 wherein banks were advised to introduce a condition for operation of accounts with cheque… Read More »
RBI Guidelines on Ind AS for All-India Term Lending and Refinancing Institutions(AIFIs)
RBI/2016-17/34 RBI/2016-17/DBR.FID.No. 1/01.02.000/2016-17 August 04, 2016 All India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) Madam / Dear Sir, Implementation of Indian Accounting Standards (Ind AS) The Ministry of Corporate Affairs (MCA), Government of India has notified the Companies (Indian Accounting Standards) Rules, 2015 on February 16, 2015. A reference is also invited to… Read More »
Provide clients Registration docs in vernacular languages : SEBI
PR No. 130/2016 CLIENT REGISTRATION DOCUMENTS IN VERNACULAR LANGUAGES SEBI had prescribed the following documents in order to make clients aware of their rights and obligations vis-à-vis the stock broker & sub-broker, make the clients aware of the risks involved in trading in securities market, bring in uniformity in the documents being signed by the… Read More »
Export of Basmati Rice on basis of Bank Guarantee or ECGC Guarantee
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE NEW DELHI Notification No. 18/2015-20, Dated: August 1, 2016 Subject: Amendment in Sl. No. 57, Chapter 10 of Schedule 2 of ITC (HS) regarding conditions for export of Basmati… Read More »