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Notification & Circulars


Withdrawal of Legal Tender Character of Specified Bank Notes – Cash Withdrawal Limit

 Notification No#DCM (Plg) No.1317/10.27.00/2016-17     21 November 2016

RBI/2016-17/142 DCM (Plg) No.1317/10.27.00/2016-17 November 21, 2016   The Chairman / Managing Director/Chief Executive Officer Public Sector Banks / Private Sector Banks/ Foreign Banks Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks/ District Central Coo..

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MCA Announcement - To avoid Last Minutes rush please file the Financial Statements and Annual Returns at the earliest

 Notification No#21.11.16     21 November 2016

Government of India Ministry of Corporate Affairs  DEAR CORPORATES,  TO AVOID LAST MINUTES RUSH AND SYSTEM CONGESTION ON 1 1 {!: MCA21 PORTAL ON ACCOUNT OF ANNUAL FILINGS DURING MONTH A. NOVEMBER, 2016, COMPANIES ARE REQUESTED TO FILE THI FINANCIAL STATEMENTS AND ANNUAL RETUR..

Posted in Corporate Law

Income-tax ( 32nd Amendment) Rules, 2016

 Notification No#106 /2016     21 November 2016

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 21st November, 2016 INCOME-TAX   S.O. 3498(E).—In exercise of the powers conferred by section 295 read with section 9A of the Income-tax Act, 1961 (43 of 1961)..

Posted in Income Tax

Addendum to OM dated 18th November, 2016 on the subject cancellation of legal tender character of high denomination bank notes

 Notification No#10/3/2016-Cy.I     21 November 2016

F. No. 10/3/2016-Cy.I Government of India Ministry of Finance Department of Economic Affairs North Block, New Delhi Dated: 21st November, 2016 OFFICE MEMORANDUM   Subject : Addendum to OM dated 18h November, 2016 on the subject “Cancellation of legal ..

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IBBI (Insolvency Professional Agencies) Regulations, 2016 dated 21.11.2016

 Notification No#IBBI/2016-17/GN/REG002     21 November 2016

GAZETTE. OF INDIA EXTRAORDINARY PART III, SLCTION 4 PUBLISHED B' AUTHORITY NEW DELHI, MONDAY, NOVEMBER 21, 2016  INSOLVENCY AND BANKRUPTCY BOARD OF INDIA  NOTIFICATION New Delhi, the 21st November. 2016  Insolvency and Bankruptcy Board of India (Insolvency Prof..

Posted in Corporate Law

FAQs on Withdrawal of Legal Tender Status of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 21, 2016)

 Notification No#21.11.16     21 November 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 look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities...

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Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Cash withdrawal for purpose of celebration of wedding

 Notification No#1320/10.27.00/2016-17     21 November 2016

RBI/2016-17/145 DCM (Plg) No.1320/10.27.00/2016-17 November 21, 2016   The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign Banks Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks..

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Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Revisions

 Notification No#1323/10.27.00/2016-17     21 November 2016

RBI/2016-17/146 DCM (Plg) No.1323/10.27.00/2016-17 November 21, 2016   The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign Banks Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks..

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Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances

 Notification No#DBR.No.BP.BC.37/21.04.048/2016-17     21 November 2016

RBI/2016-17/143 DBR.No.BP.BC.37/21.04.048/2016-17 November 21, 2016   All Entities Regulated by the Reserve Bank of India   Madam / Dear Sir,   Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances   It ha..

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IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 dated 21.11.2016

 Notification No#IBBI/2016-17/GN/REG001     21 November 2016

  IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 dated 21.11.2016   Please refer to the attached file for details ..

Posted in Corporate Law