Notification & Circulars

Investments in Market Infrastructure Companies by Primary (Urban) Cooperative Banks

Notification No#RBI/2013-14/583 07 May 2014

RBI/2013-14/583 UBD.BPD.(PCB).Cir.No 58/16.20.000/2013-14 May 7, 2014 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir/Madam, Investments in Market Infrastructure Companies by Primary (Urban) Cooperative Banks Please refer to..

Posted in Community & General

Opening of Bank Accounts in the Names of Minors

Notification No#RBI/2013-14/581 06 May 2014

RBI/2013-14/581 DBOD.No.Leg.BC.108/09.07.005/2013-14 May 6, 2014 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Opening of Bank Accounts in the Names of Minors Please refer to our circular DBOD.No.Leg.BC.158/C.90..

Posted in Community & General

Levy of penal charges on non-maintenance of minimum balances in inoperative Accounts

Notification No#RBI/2013-14/580 06 May 2014

RBI/2013-14/580 DBOD. Dir.BC.No. 109 /13.03.00/2013-14 May 6, 2014 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Levy of penal charges on non-maintenance of minimum balances in inoperative Accounts Please refer to Part B ..

Posted in Community & General

Interest Tax Act 1974 – Collection from borrowers

Notification No#UBD.BPD (PCB) Cir No.56/13.04.00/2013-14 05 May 2014

RBI/2013-14/579 UBD.BPD (PCB) Cir No.56/13.04.00/2013-14 May 5, 2014 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Interest Tax Act 1974 – Collection from borrowers Please refer to our cir..

Posted in Community & General

Rate of exchange of conversion of each of the foreign currency with effect from the 2nd May, 2014

Notification No#NOTIFICATION NO.38/2014-CUSTOMS (N.T.) 01 May 2014

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS NOTIFICATION NO.38/2014-CUSTOMS (N.T.) DATED THE 1st May, 2..

Posted in Custom | 2 comments

Revised guidelines for Liquidity Enhancement Scheme in the Equity Cash and Equity Derivatives Segments

Notification No#CIR/MRD/DP/14/2014 23 April 2014

CIR/MRD/DP/14/2014 April 23, 2014 To All Stock Exchanges Dear Sir / Madam, Sub: Revised guidelines for Liquidity Enhancement Scheme in the Equity Cash and Equity Derivatives Segments 1. SEBI vide circular CIR/DNPD/5/2011 dated June..

Posted in Investments & Personal Finance

Uniform Accounting Standards at ARCs

Notification No#RBI/2013-14/571 23 April 2014

RBI/2013-14/571 DNBS (PD) CC. No. 38/SCRC/26.03.001/2013-14 April 23, 2014 The Chairman/Managing Director/Chief Executive Officer All registered Securitisation Companies/Reconstruction Companies Dear Sir, Uniform Accounting Standards at ARCs ..

Posted in Community & General

Clarification regarding treatment of expenditure incurred for development of road/highways in BOT agreement under Income -tax Act, 1961- Regarding

Notification No#09/2014 23 April 2014

Clarification regarding treatment of expenditure incurred for development of road/highways in BOT agreement under Income -tax Act, 1961- Regarding Circular No 09/2014 Dated 23-4-2014 ..

Posted in Income Tax

Scaling up of the Business Correspondent (BC) Model – Issues in Cash Management

Notification No#RBI/2013-14/570 22 April 2014

RBI/2013-14/570 RPCD.FID.BC.No. 96/12.01.011/ 20013-14 April 22, 2014 The Chairman/ Managing Director/ Chief Executive Officer All Scheduled Commercial Banks Dear Sir/Madam, Scaling up of the Business Correspondent (BC) Model – Is..

Posted in Community & General

Fund/Non-Fund based Credit Facilities to Overseas Joint Ventures / Wholly Owned Subsidiaries / Wholly owned Step-down Subsidiaries of Indian Companies

Notification No#RBI/2013-14/568 22 April 2014

RBI/2013-14/568 DBOD.No.BP.BC.107/21.04.048/2013-14 April 22, 2014 The Chairman and Managing Director/Chief Executive Officer All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir, Fund/Non-Fund base..

Posted in Community & General