Working Group | Corporate Law Reporter

RBI Reviews Guidelines on Restructuring of Advances by NBFCs

RBI/2013-14/459 DNBS.CO. PD. No. 367/03.10.01/2013-14 January 23, 2014 All NBFCs excluding Primary Dealers Dear Sirs, Review of Guidelines on Restructuring of Advances by NBFCs As indicated in paragraph 42 of the Second Quarter Review of Monetary Policy 2013-14 announced on October 29, 2013, the extant instructions on restructuring of advances by NBFCs have been reviewed… Read More

Tags: ANNEX, Bank, COLABA, Cuffe Parade, Monetary policy, Mumbai, Reserve Bank of India, Working Group

Security and Risk Mitigation Measures for Card Present Transactions

RBI/2013 -14/380 DPSS (CO) PD No.1164/ 02.14.003/2013-14 November 26, 2013 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/ Authorised Card Payment Networks Madam / Dear Sir, Security and Risk Mitigation Measures for Card Present Transactions… Read More

Tags: Aadhaar, Banks, Central bank, EMV, Financial transaction, Run batted in, Unique Identification Authority of India, Working Group

Restructuring of Loans in Public Sector Banks

The Reserve Bank of India (RBI) has informed that five complaints /representations regarding irregularities in restructuring of loans in public sector banks in the country have been received. One representation is from Institute of Cost & Works Accountants of India (ICWAI), a complaint from a Member of Parliament and three complaints are from other persons.… Read More

Tags: Finance Minister, Finance Ministry, Rajya Sabha, rbi, Reserve Bank of India, Restructuring, Run batted in, Working Group

Comments invited on Draft Sports Bill

The Union Minister of State (I/C) for Youth Affairs and Sports Shri Jitendra Singh has sent the draft of the National Sports Development Bill to the Union Council of Ministers, Leaders of the Opposition in the Lok Sabha and Rajya Sabha, States/UTs Sports Ministers, Standing Committee/Consultative Members of MYAS, Leaders of various political parties in… Read More

Tags: Cabinet of India, Government, India, International Olympic Committee, Leader of Opposition, Lok Sabha, Rajya Sabha, Working Group

Draft National Sports Development Bill, 2013

Government has been highlighting for some time now the need for bringing about reforms in the management and governance of sports in order to make it more responsive, responsible and result oriented. In view of above, a draft bill was formulated and placed before the Cabinet on 30/08/2011. The Cabinet decided that for facilitating better management of sports… Read More

Tags: Ethics Commission, Government, India, International Olympic Committee, Ministry of Youth Affairs and Sports, National Olympic Committee, National Sport Federation, Working Group

Master Circular on SHG-Bank Linkage Programme

RBI/ 2013-14/89 RPCD.FID. BC.No.10/12.01.033/2013-14 July 01, 2013 The Chairman/ Managing Director/ Chief Executive Officer All Scheduled Commercial Banks Dear Sir, Master Circular on SHG-Bank Linkage Programme The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to banks on SHG-Bank Linkage Programme. In order to enable the banks to have… Read More

Tags: Appendix, Commercial bank, General manager, India, June 30 2013, Master Circular, NABARD, National Bank for Agriculture and Rural Development, Non-governmental organization, Reserve Bank of India, Run batted in, Self Help Groups, Working Group

Implementation of Cadre Restructuring in the Income Tax Department : Infrastructure Requirements

C.R.I. -13/1(Core Comm) : Corr. No. 9 GOVERNMENT OF INDIA CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (HUMAN RESOURCE DEVELOPMENT) ICADR Building, Plot No. 6, Vasant Kunj Institutional Area Phase-II, New Delhi 110070. Ph. 26130599, Fax 26130598 F. No. HRD/CM/102/3/2009-10/(Pt)/1100 Dated : 2nd July, 2013 Office Order Sub:-Implementation of Cadre Restructuring in the… Read More

Tags: CBDT, Core Committee, Director-general, Government of India, Income tax, New Delhi, Taxation in India, Working Group

Implementation of Cadre Restructuring in Income Tax Department : Recruitment Rules for Group B & C Cadres

C.R.I. -13/1(Core Comm) : Corr. No. 8 GOVERNMENT OF INDIA CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (HUMAN RESOURCE DEVELOPMENT) ICADR Building, Plot No. 6, Vasant Kunj Institutional Area Phase-II, New Delhi 110070. Ph. 26130599, Fax 26130598 F. No. HRD/CM/102/3/2009-10/(Pt)/1098 Dated : 2nd July, 2013 Office Order Sub:-Implementation of Cadre Restructuring in Income… Read More

Tags: CBDT, Chairman, Government of India, Income tax, New Delhi, Tax, Taxation in India, Working Group

Implementation of Cadre Restructuring proposals Income Tax Department : IRS Recruitment Rules

C.R.I. -13/1(Core Comm) : Corr. No. 7 GOVERNMENT OF INDIA CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (HUMAN RESOURCE DEVELOPMENT) ICADR Building, Plot No. 6, Vasant Kunj Institutional Area Phase-II, New Delhi 110070. Ph. 26130599, Fax 26130598 F. No. HRD/CM/102/3/2009-10/(Pt)/1099 Dated : 2nd July, 2013 Office Order Sub:-Implementation of Cadre Restructuring proposals Income… Read More

Tags: CBDT, Director-general, Income tax, Internal Revenue Service, New Delhi, Tax, Taxation in India, Working Group

Implementation of Cadre Restructuring in Income Tax Department : Restructuring of Directorates

C.R.I. -13/1(Core Comm) : Corr. No. 5 GOVERNMENT OF INDIA CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (HUMAN RESOURCE DEVELOPMENT) ICADR Building, Plot No. 6, Vasant Kunj Institutional Area Phase-II, New Delhi 110070. Ph. 26130599, Fax 26130598. F. No. HRD/CM/102/3/2009-10/(Pt)/1096 Dated : 2nd July, 2013 Sub:-Implementation of Cadre Restructuring in Income Tax Department… Read More

Tags: CBDT, Core Committee, Director-general, Government of India, Income tax, New Delhi, Taxation in India, Working Group

Recommendations of Damodaran Committee on Customer Service in Banks- Uniformity in Intersol Charges

RBI/2013-14/110 DBOD. No. Dir. BC.26/13.03.00/2013-14 July 1, 2013 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Recommendations of Damodaran Committee on Customer Service in Banks- Uniformity in Intersol Charges Please refer to paragraph 74 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 (extract enclosed) on ˜Recommendations of Damodaran Committee- Uniformity in… Read More

Tags: Bank, Bank charge, CBS, Commercial bank, Core banking, Monetary policy, Reserve Bank of India, Working Group

Review of Prudential Guidelines on Restructuring of Advances by Banks and Financial Institutions

RBI/2012-13/514 DBOD.BP.BC.No. 99/21.04.132/2012-13 May 30, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Review of Prudential Guidelines on Restructuring of Advances by Banks and Financial Institutions As indicated in paragraph 81 (extract enclosed) of the Monetary Policy Statement 2013-14 announced on May 3, 2013, ˜Prudential guidelines on restructuring of advances by banks / financial… Read More

Tags: Bank, Commercial bank, DCCO, Financial institution, Monetary policy, Run batted in, SQR, Working Group

Import of Gold by Nominated Banks/Agencies

RBI/2012-13/499 A.P.(DIR Series) Circular No.103 May 13, 2013 To, All Scheduled Commercial Banks which are Authorised Dealers in Foreign Exchange Madam/Sirs Import of Gold by Nominated Banks/Agencies Attention of Authorised Persons is invited to paragraph 97 of the Monetary Policy Statement 2013-14 dated May 3, 2013 regarding import of gold. In terms of AD (G.P.Series) circular No.7… Read More

Tags: Foreign Exchange Management Act, Gold, Import, Monetary policy, Reserve Bank of India, Working Group