Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit
RBI/2015-16/259 DBR.Dir.BC.No.62/04.02.001/2015-16 December 4, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit The Government of India has announced the Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit to eligible exporters. The scheme is effective from April 1, 2015. The details… Read More
Exposure Draft of Guidelines for Network amongst the Firms of Company Secretaries
December 04, 2015 Dear Professional Colleagues, Introduction of Secretarial Audit, Annual return certification etc. under the Companies Act, 2013 has given a big boost the practice of Company Secretaries. At present Practising Company Secretaries are doing practice in the form of sole proprietorship firm or in form of partnership firm and only a few firms… Read More
SEBI Discussion Paper on ‘Review of framework for public issuance of Convertible Securities’
December 02, 2015 Discussion Paper on ‘Review of framework for public issuance of Convertible Securities’ The Securities and Exchange Board of India(SEBI) has placed the Discussion Paper on ‘Review of framework for public issuance of Convertible Securities’ on its website for public comments. We enclose the Discussion Paper for ready reference and seek your views/suggestions… Read More
SEBI Discussion Paper on “Exit Offer to Dissenting Shareholders”
December 02, 2015 Discussion Paper on “Exit Offer to Dissenting Shareholders” SEBI has placed the Discussion Paper on “Exit Offer to Dissenting Shareholders” on its website for public comments. We enclose the Discussion Paper for ready reference and seek your views/suggestions on the aforesaid paper. We shall highly appreciate to receive the same on khusbu.mohanty@icsi.edu… Read More
Anti-Money Laundering (AML)/ Combating of Financing of Terrorism (CFT) – Standards
RBI/2015-16/258 DBR. AML. No. 7312/14.01.001/2015-16 December 3, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All authorised persons… Read More
Regional Rural Banks – Priority Sector Lending – Targets and Classification
RBI/2015-16/257 FIDD.CO.Plan.BC.No.14/04.09.01/2015-16 December 3, 2015 The Chairman All Regional Rural Banks Dear Sir/Madam, Regional Rural Banks - Priority Sector Lending – Targets and Classification During the last decade, Regional Rural Banks (RRBs) have undergone significant structural and operational changes, be it two-phased amalgamation, implementation of CBS platform or recapitalization, inter alia. Considering the growing significance… Read More
Govt. initiates process for selecting NCLT members.
The government of India has started the process for selecting members for the National Company Law Tribunal (NCLT). The tribunal, to be set up under the Companies Act, 2013, will replace the Company Law Board (CLB). The process for constitution of NCLT has already been initiated, with the selection process for (judicial as well as… Read More
Income-tax deduction from salaries during the Financial Year 2015-16 under section 192 of the Income-tax Act, 1961
CIRCULAR NO : 20/2015 F.No. 275/192/2015-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi Dated the 2nd December, 2015 SUBJECT: INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2015-16 UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961 Reference is invited to Circular No.17/2014 dated 10.12.2014… Read More
Rate of exchange of conversion of the foreign currency with effect from 4th December, 2015
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 136/2015 - Customs (N.T.) Dated the 3rd December, 2015 In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Central Board of Excise… Read More
Finances of Foreign Direct Investment Companies, 2013-14: Data Release
The Reserve Bank of India released on its website the data related to ‘Finances of Foreign Direct Investment (FDI) Companies, 2013-14’. The data have been compiled based on audited annual accounts of 957 select non-government non-financial (NGNF) foreign direct investment companies which closed their accounts during the period April 2013 to March 2014. The data draw a… Read More
External Commercial Borrowings (ECB) Policy – Revised framework
RBI/2015-16/255 A.P. (DIR Series) Circular No.32 November 30, 2015 To, All Authorised Dealer Category – I Banks Madam/ Sir External Commercial Borrowings (ECB) Policy – Revised framework Attention of Authorised Dealer Category – I (AD Cat I) banks is invited to A.P. (DIR Series) Circular No. 5 dated August 1, 2005 containing the basic framework under which… Read More
Stringent Authentication mechanism through Corporate Head Quarter Server for filing of Correction statements and download of TDS certificates, Consolidated files etc. by Banks/Corporates
F.No.: DGIT(S)/CPC(TDS)/Corp_Authentication Mech/2015-16/14557-14690 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax(Systems) New Delhi Notification No. 3/2015 New Delhi, 1st of December 2015 Subject: Stringent Authentication mechanism through Corporate Head Quarter Server for filing of Correction statements and download of TDS certificates, Consolidated files etc. by Banks/Corporates - regarding Section 200… Read More
Simplification of procedure for Form No.15G & 15H
F.No.: DGIT(S)/CPC(TDS)/DCIT/15GH /2015-16/14425-556 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax(Systems) New Delhi Notification No. 4/2015 New Delhi, 1st of December 2015 Subject: Simplification of procedure for Form No.15G & 15H — regarding Section 197A of the Income tax Act provides for no deduction in certain case by submitting… Read More
Subscribe to the Daily Journal
Corporate Law Referencer
India’s Leading Compliance Software
