Corporate Law Reporter - The Daily Journal

Risk Weights for Claims on Foreign Central Banks

RBI/2015-16/202 DBR.BP.BC.No.43/21.06.001/2015-16 October 8, 2015 All Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir, Risk Weights for Claims on Foreign Central Banks Please refer to paragraph 5.3 of the Master Circular DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015 on Basel III Capital Regulations prescribing risk weights for claims on Foreign Sovereigns. 2. The matter of… Read More

Doctors, engineers lead black money declarant compliance list

A total of Rs 4,147 crore were declared in the 628 disclosures made during the 90-day black money compliance window that ended on September 30. Surprisingly, against the popular perception, professionals including Doctors, engineers and former senior managers who used to work overseas outnumbered the companies and trusts in the declaration of unaccounted wealth. There's… Read More

RBI rationalizes LTV ratios and risk weights for individual housing loans

CLR Note: The Reserve Bank of India has issued a circular no.44/08.12.015/2015-16 dated 8th October, 2015 where it has been decided to fix the Loan to Value (LTV) ratios and risk weights for individual housing loans.Please read below the full details of the slabs and their risk weights along with the LTV ratios. RBI/2015-16/200 DBR.BP.BC.No.… Read More

Offline Payment not allowed for filing LLP e-forms between 8-Oct-2015 to 18-Oct-2015

The Ministry of Corporate Affairs(MCA) has issued a General notice dated 8th October 2015 to inform the stakeholders that only Online payment options (Credit/Debit/Prepaid Card/Net Banking) would be available for making payment of MCA fee for LLP e-forms between 8-Oct-2015 to 18-Oct-2015. Offline payments through Bank Challan, Pay later and NEFT options will not be available… Read More

Review of the capacity planning framework of stock exchanges and clearing corporations

CLR Note: The Securities and Exchange Board of India has issued a circular no. CIR/MRD/DP/17/2015 dated 8th October, 2015 which review of the capacity planning framework of stock exchanges and clearing corporations The circular shall come into force form the date of publication in the official gazette. CIRCULAR CIR/MRD/DP/17/2015 … Read More

CBEC to further amend CENVAT Credit Rules, 2004

CLR Note: The Central Board of Excise and Custom has issued a notification no. 21/2015 dated 7th October, 2015 which seeks to further amend CENVAT Credit Rules, 2004 which may be called as CENVAT Credit (Fourth Amendment) Rules, 2015. The notification shall come into force form the date of publication in the official gazette. GOVERNMENT OF… Read More

Validation of tax-returns through Electronic Verification Code(EVC)

CLR Note: The Central Board of Direct Taxes has issued a order dated 6th October, 2015 to facilitate the process of electronic verification of returns which was only restricted for the returns specified in the earlier notifications.Now, the returns as specified in the below order can also be processed through electronic verification code. Government of India… Read More

Risk Management & Inter-Bank Dealings: Booking of Forward Contracts – Liberalisation

CLR Note: The Reserve Bank of India has issued a circular no. RBI/2015-16/201 dated 8th October, 2015 which clarifies Risk Management & Inter-Bank Dealings: Booking of Forward Contracts - Liberalisation RBI/2015-16/201 A. P. (DIR Series) Circular No. 20 October 8, 2015 To, All Authorised Dealer Category - I banks Madam / Sir, Risk Management & Inter-Bank Dealings: Booking of Forward… Read More

Investments by FPIs in Government securities

Securities and Exchange Board of India(SEBI) CIRCULAR CIR/IMD/FPIC/8/2015 October 06, 2015 To All Foreign Portfolio Investors through their designated Custodians of Securities The Depositories (NSDL and CDSL) Sir / Madam, Sub: Investments by FPIs in Government securities 1. RBI in its Fourth Bi-monthly Policy Statement for the year 2015-16, dated September 29, 2015 has announced… Read More

Webinar on Form MGT-7 w.r.t Annual Return by ICSI on 8th October, 2015 from 3:00 PM to 5:00 PM

ICSI is organising a webinar on Form MGT-7 w.r.t Annual Return on 8th October, 2015 form 3:00 PM to 5:00 PM. Stakeholders are requested to attend the same as it would clarify a lot of issues pertaining to the preparation of the Annual at the time of annual filing. http://webcast.vouchpro.in/icsitv/ Read More

Workshop by ICSI on Annual filing on 10th October, 2015

ICSI-CCGRT is organising a Unique Workshop on Annual Filing 2015 on Saturday, October 10, 2015. https://www.icsi.edu/Docs/Website/Announcement_Annual%20on%20Oct%2010,%202015_revised.pdf Read More

Limit of maximum number of trainees to be taken at a time by PCS for imparting training to CS Students

We wish to inform you that the Council of institute has approved that no. of trainees to be taken at a time by Practising Company Secretary (PCS) for imparting training to CS Students should not be more than the limit given in the under mentioned table : Limit of no. of trainees to be… Read More

Investment by Foreign Portfolio Investors (FPI) in Government Securities

RBI/2015-16/198 A.P. (DIR Series) Circular No 19 October 6, 2015 To, All Authorised Persons Madam/ Sir, Investment by Foreign Portfolio Investors (FPI) in Government Securities Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations,… Read More