Govt. rescinds notification no. G.S.R. 319(E), w.e.f. 25th May 2018

NOTIFICATION New Delhi, the 21st May, 2018 No. 11/2018-Union Territory Tax G.S.R. 471(E).—In exercise of the powers conferred under sub-section (1) of section 22 of the Union Territory Goods and Services Tax Act, 2017 (No. 14 of 2017) and section 164 of Central Goods and Services Tax Act, 2017 (No. 12 of 2017) read with… Read More

Govt. rescinds notification number G.S.R. 315 w.e.f. 25th May 2018

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 21st May, 2018 No. 10/2018-Union Territory Tax G.S.R. 470(E).—In exercise of the powers conferred under sub-section (1) of section 22 of the Union Territory Goods and Services Tax Act, 2017 (No. 14 of 2017) and section 164 of Central Goods and Services Tax Act, 2017… Read More

SEBI issues circular on Investment of own funds by Clearing Corporations in IFSC

Securities and Exchange Board of India CIRCULAR SEBI/HO/MRD/DRMNP/CIR/P/2018/82 May 21, 2018 All recognized Clearing Corporations in International Financial Services Centre (IFSC) Dear Sir / Madam Investment of own funds (excluding funds lying in Core Settlement Guarantee Fund) by Clearing Corporations in International Financial Services Centre (IFSC) SEBI vide circular SEBI/HO/MRD/DRMNP/CIR/P/2016/54 dated May 04, 2016, has… Read More

RBI issues directions for setting up of IFSC Banking Units (IBUs)

RBI/2017-18/177 DBR.IBD.BC. 105/23.13.004/2017-18 May 17, 2018 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam Setting up of IFSC Banking Units (IBUs) – Permissible activities Please refer to RBI circular DBR.IBD.BC.14570/23.13.004/2014-15 dated April 01, 2015, as modified from time to time, setting out RBI directions relating to IFSC Banking Units (IBUs). 2. In terms of para… Read More

RBI issues final guidelines for Basel III Framework on Liquidity Standards – Net Stable Funding Ratio

RBI/2017-18/178 DBR.BP.BC.No.106/21.04.098/2017-18 May 17, 2018 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) – Final Guidelines The Net Stable Funding Ratio (NSFR) and Liquidity Coverage Ratio (LCR) are significant components of the Basel III reforms. The LCR guidelines which promote short term resilience… Read More

Govt. extends date for filing return in FORM GSTR-3B for the month of April, 2018

Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 23/2018 – Central Tax New Delhi, the 18th May, 2018 G.S.R. …..(E).— In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with sub-rule (5)… Read More

SEBI amends Circular on Monitoring of Foreign Investment limits in listed Indian companies

CIRCULAR SEBI/HO/IMD/FPIC/CIR/P/2018/81  May 17, 2018 To, 1. All Foreign Portfolio Investors (through their designated Custodian of Securities) 2. The Depositories (NSDL and CDSL) 3. The Stock Exchanges (BSE, NSE and MSEI) Sir/ Madam, Subject: Amendment to SEBI Circular No. IMD/FPIC/CIR/P/2018/61 dated April 5, 2018 and Circular No. IMD/FPIC/CIR/P/2018/74 dated April 27, 2018 on Monitoring of… Read More

MCA issues corrigendum to Companies (Audit and Auditors) Second Amendment Rules, 2018

MINISTRY OF CORPORATE AFFAIRS CORRIGENDUM New Delhi, the 17th May, 2018 G.S.R. 461(E).— In the notification of the Government of India in the Ministry of Corporate Affairs number G.S.R. 432(E), dated the 7th May, 2018, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 7th May, 2018, at page… Read More

Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2018 notified

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 16th May, 2018 G.S.R. 456(E).—In exercise of the powers conferred by sub-section (1) read with clause (i), clause (j), clause (jj) and clause (k) of sub-section (2) of section 73 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government in consultation… Read More

Govt. waives off the late fee for FORM GSTR-3B

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 14th May, 2018 No. 22 /2018–Central Tax G.S.R. 450(E).—In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council,… Read More

E-Way Bill system to roll out in the States of Assam & Rajasthan

Ministry of Finance 14 MAY 2018 As per the decision of the GST Council, e-Way Bill system for inter-State movement of goods has been rolled out from 01st April, 2018. As on 13th May, 2018, e-Way Bill system for intra-State movement of goods has been rolled out in the States/ Union Territory of Andhra Pradesh, Arunachal Pradesh,… Read More

Master Circular for Underwriters registered with SEBI

SEBI/HO/MIRSD/DOP1/CIR/P/2018/80 May 11, 2018 To, All Underwriters registered with SEBI Dear Sir / Madam, Subject: Master Circular for Underwriters registered with SEBI 1. Securities and Exchange Board of India (SEBI) has been issuing various circulars/directions from time to time. In order to enable the users to have an access to the applicable circulars/directions at one… Read More

RBI revises guidelines on lending to Priority Sector for Primary UCBs

RBI/2017-18/175 DCBR.BPD (PCB).Cir.No.07/09.09.002/2017-18 May 10, 2018 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir / Madam Revised guidelines on lending to Priority Sector for Primary (Urban) Co-operative Banks (UCBs) Please refer to our circular UBD.CO.BPD.(PCB).MC.No.18/09.09.001/2013-14 dated October 8, 2013 on the captioned subject and amendments thereto from time to time, consolidated in Master Circular DCBR.BPD.(PCB).MC.No:11/09.09.001/2015-16… Read More

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