Notification & Circulars

Supply of Notes Sufficient; Do Not Panic or Hoard Currency: RBI reiterates

Notification No#2016-2017/1235 17 November 2016

The Reserve Bank of India has once again clarified today that there is sufficient supply of notes consequent upon increased production which started nearly two months ago. Members of public are requested not to panic or hoard currency notes. Alpana Killawala Principal Adviser Press Release : ..

Posted in Community & General

Review of requirement for copy of PAN Card to open accounts of FPIs

Notification No#CIR/IMD/FPIC/123/2016 17 November 2016

CIRCULAR CIR/IMD/FPIC/123/2016 November 17, 2016 To, 1. All Foreign Portfolio Investors ("FPIs") through their Designated Depository Participants ("DDPs")/ Custodian of Securities. 2. The Depositories (NSDL and CDSL) 3. All Recognized Stock Exchange..

Posted in Investments & Personal Finance

Pay IT dues in advance at RBI or at authorised bank branches – December 2016

Notification No#2016-2017/1236 17 November 2016

It is observed that the rush for remitting Income –Tax dues through the Reserve Bank of India has been far too heavy towards the end of December 2016 and it becomes difficult for the Bank to cope with the pressure of receipts although additional counters to the maximum extent possible are prov..

Posted in Community & General

Investment trading in securities by employees of AMC(s) and Trustees of Mutual Funds

Notification No#SEBI/HO/IMD/DF2/CIR/P/2016/124 17 November 2016

CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2016/124 November 17, 2016 All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds Sir/ Madam, Subject: Investment/trading in securities by employees of AMC(s) and Trust..

Posted in Investments & Personal Finance

Investment by Foreign Portfolio Investors (FPI) in corporate debt securities

Notification No#19 17 November 2016

RBI/2016-17/138 A.P. (DIR Series) Circular No.19 November 17, 2016 To, All Category – I Authorised Dealer banks Madam / Sir, Investment by Foreign Portfolio Investors (FPI) in corporate debt securities Attention of Authorised Dealers C..

Posted in Community & General

Salary Advance for the Month of November, 2016 to be paid to Non-Gazetted Employees of Central Government

Notification No#3(2)/TA/Cash Remittance/2016/606 17 November 2016

Ministry of Finance Department of Expenditure Office of Controller General of Accounts Mahalekha Niyantrak Bhawan New Delhi No. 3(2)/TA/Cash Remittance/2016/606 Dated.17.11.2016 OFFICE MEMORANDUM Subject: Salary Advance for the Month of November, 2016 to be paid t..

Posted in Community & General

Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Exchange over the counters

Notification No#1302/10.27.00/2016-17 17 November 2016

RBI/2016-17/139 DCM (Plg) No.1302/10.27.00/2016-17 November 17, 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..

Posted in Community & General

Foreign Exchange Management (Insurance) Regulations, 2015

Notification No#18 [(1)/12 (R)] 17 November 2016

RBI/2016-17/137 A.P. (DIR New Series) Circular No.18 [(1)/12 (R)] November 17, 2016 To All Category - I Authorised Dealer Banks Madam/ Sir Foreign Exchange Management (Insurance) Regulations, 2015 Attention of Authorised Dealers (ADs) is invit..

Posted in Community & General

Exchange rate notification No.138 dated 17.11.2016

Notification No#138/2016 - Customs (N.T.) 17 November 2016

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No.138/2016 - Customs (N.T.) New Delhi, dated the 17 November, 2016 26 Kartika, 1938 (SAKA) In exercise of the powers conferred by section 14 of th..

Posted in Custom

Section 23 of the Banking Regulation Act, 1949 - Master Circular on Branch Licensing - Census data 2011

Notification No#DBR.RRB.BC.No.36/31.01.002/2016-17 16 November 2016

RBI/2016-17/134 DBR.RRB.BC.No.36/31.01.002/2016-17 November 16 , 2016 All Regional Rural Banks Dear Sir / Madam, Section 23 of the Banking Regulation Act, 1949 - Master Circular on Branch Licensing - Census data 2011 Please refer to our Master circular o..

Posted in Community & General