RBI/DBR/2015-16/26 Master Direction DBR.FID.No.108/01.02.000/2015-16 June 23, 2016 Master Direction - Reserve Bank of India (Financial Statements of All India Financial Institutions - Presentation, Disclosure and Reporting) Directions, 2016 In exercise of the powers conferred by Section 45 L of the Reserve Bank of India Act, 1934, the Reserve Bank of India being satisfied that it… Read More
CIRCULAR SEBI/HO/MRD/DP/CIR/P/2016/60 June 22, 2016 To, All Stock exchanges and Clearing corporations, All Foreign Portfolio Investors (FPIs). Dear Sir / Madam, Subject: Review of the framework of position limits for currency derivatives contracts With the view to ease trading requirements in the currency derivatives segment, it is clarified that the position limit linked to open… Read More
The Reserve Bank of India has today placed on its website draft guidelines for computing exposure for counterparty credit risk (CCR) arising from derivative transactions and draft guidelines on capital requirements for bank exposures to central counterparties (CCPs) for comments and feedback. The guidelines are based on the framework finalised by Basel Committee on Banking… Read More
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION New Delhi, the 20th June, 2016 S.O. 2151(E).-In exercise of the powers conferred by section 285BA read with section 295 of the Income-tax Act, 1961… Read More
1. What is Central Registration Centre (CRC)? The Central Registration Centre (CRC) is an initiative of Ministry of Corporate Affairs (MCA) in Government Process Re-engineering (GPR) with the specific objective of providing speedy incorporation related services in line with global best practices. 2. What services are offered by the CRC presently? CRC is presently tasked to process… Read More
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 21st June, 2016. Sub: - Clarification regarding News Report on Arrest of Tax Defaulters - reg Certain sections of the press have been carrying news reports today that Income Tax Department is going to arrest wilful defaulters… Read More
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th June, 2016 No.46 /2016 INCOME-TAX S.O. (E).-In exercise of the powers conferred by sub-section (1F) of section 197A of the Incometax Act, 1961 (43 of… Read More
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th June, 2016 No. 47/2016 INCOME TAX S.O. (E).- In exercise of the powers conferred by sub-section (1F) of section 197A of the Income-tax Act,… Read More
The objective of this consultation paper is to seek comments from the public for the purpose of laying down an enabling framework for the registration of Eligible Fund Managers to manage Eligible Investment Funds pursuant to insertion of Section 9A in the Income Tax Act, 1961. Please click on the below link to download Consultation Paper… Read More
Major impetus to job creation and infrastructure: Radical changes in FDI policy regime; Most sectors on automatic route for FDI The Union Government has radically liberalized the FDI regime today, with the objective of providing major impetus to employment and job creation in India. The decision was taken at a high-level meeting chaired by Prime… Read More
The Central Government hereby makes the following scheme further to amend the Public Provident Fund Scheme, 1968, namely:- Please click on below link to download the notification Premature Closure of PPF Account Read More