Post Office (Monthly Income Account) Rules amended vide NOT. dt. 30 June 2017

NOTIFICATION New Delhi, the 30th June, 2017 G.S.R.858 (E).– In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office (Monthly Income Account) Rules, 1987, namely:— 1. (1) These rules may be called… Read More

Central Government amends Senior Citizen Savings Scheme Rules, 2017

NOTIFICATION New Delhi, the 30th June, 2017 G.S.R.857(E).—In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Senior Citizens Savings Scheme Rules, 2004, namely:— 1. (1) These rules may be called the Senior Citizen… Read More

Govt. amends Post Office Recurring Deposit Rules, 2016

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 30th June, 2017 G.S.R. 856(E).—In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Recurring Deposit Rules, 1981, namely:- 1. (1)… Read More

Loan Against Fixed Deposit: How Good is it?

Fixed deposits are the most preferred way to save some funds in India. Fixed deposits are measured as a safer option as opposed to the stock market and mutual funds. Term of deposits can be of couple of types: first on is FD and second one is recurring deposits. FD is a most powerful investment option where… Read More

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GOI advises Interest rates for Small Savings Schemes for Q2

RBI/2017-18/22 DGBA.GBD. 69/15.02.005/2017-18 July 13, 2017 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GAD.2618/15.02.005/2016-17 dated April 6, 2017 on the above subject. The Government of India, had vide their Office… Read More

RBI clarifies Nomination of Non-Executive Chairman to Audit Committee

RBI/2017-18/20 DBS.ARS.BC.01/08.91.020/2017-18 July 13, 2017 The Chief Executives All Indian Commercial Banks Dear Sir/Madam, Audit Committee of the Board of Directors – Nomination of Non-Executive Chairman Please refer to Para 3 (ii) of our circular dated September 26, 1995 on “Audit Committee of the Board of Directors - Reconstitution” and Para (ii) of our circular… Read More

MCA amends Companies (Meetings of Board and its Powers) Rules,2014

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 5 July, 2017 G.S.R. -(E). - In exercise of the powers conferred under sections 173, 175,777,178,179,784,185,186,787,188, 189 and section 191 read with section 469 of the Companies Act,2013 (18… Read More

MCA issues corrigendum to NOT. 583(E), dt. 13th June,2017

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS CORRIGENDUM New Delhi, the 13 July , 2017    S.O. ................... (E). - In the notification of the Government of India, in the Ministry of Corporate Affairs, published in the Gazette of India, Extraordinary,… Read More

IBBI invites comments on the regulations notified Insolvency Code

PRESS RELEASE 4 th July, 2017 Insolvency and Bankruptcy Board of India invites comments from public on the regulations notified under the Insolvency and Bankruptcy Code, 2016. The Insolvency and Bankruptcy Code, 2016 (Code) is a modern economic legislation. Section 240 of the Code empowers the Insolvency and Bankruptcy Board of India (IBBI) to make… Read More

No change to Services provided by RWA under GST regime

Services provided by the Housing Society Resident Welfare Association (RWA) not to become expensive under GST; There is no change made to services provided by the Housing Society (RWA) to its members in the GST regime.  There are some press reports that services provided by a Housing Society [Resident Welfare Association (RWA)] will become expensive… Read More

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