Payment of interest on overdue public deposits
RBI/2013-14/121 DNBS.PD/CC.No.350/03.02.001/2013-14 July 04, 2013 All NBFCs Dear Sirs, Payment of interest on overdue public deposits Kindly refer to clause (10) of paragraph 4 of Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2007. NBFCs are at times required to freeze the term deposits of customer based on the orders of the enforcement… Read More
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR
RBI/2013-14/119 A.P. (DIR Series) Circular No.03 July 04, 2013 To All Category - I Authorised Dealer Banks Madam / Sir, Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No.112 dated June… Read More
Risk Management and Inter-Bank Dealings- Liberalization of documentation requirements for the resident entities in the Indian Forex Market
RBI/2013-14/118 A.P. (DIR Series) Circular No.02 July 04, 2013 To, All Authorised Dealer Category I Banks Madam / Sir, Risk Management and Inter-Bank Dealings- Liberalization of documentation requirements for the resident entities in the Indian Forex Market Attention of Authorized Dealers Category I (AD Category I) banks is invited to A.P. (DIR Series) Circular No. 32… Read More
Foreign Investment in India Guidelines for calculation of total foreign investment in Indian companies, transfer of ownership and control of Indian companies and downstream investment by Indian companies
RBI/2013-14/117 A.P. (DIR Series) Circular No.01 July 04, 2013 To All Category I Authorised Dealer banks Madam/Sir, Foreign Investment in India Guidelines for calculation of total foreign investment in Indian companies, transfer of ownership and control of Indian companies and downstream investment by Indian companies Attention of Authorised Dealer Category I (AD Category-I) banks is… Read More
Identification of Unserved Intimation under section 143 (1) for cases processed prior to 31-03-2010
Hon'ble Delhi High Court vide judgment in case of Court On its Own Motion v. UOI and Ors. in W.P. (C) 2659/2012 dated 14.03.2013 has issued Seven Mandamus for necessary action by income-tax Department one of which is regarding non-enforcement of Demand where no intimation under section 143(1) of Income-tax Act,1961 was sent by field-authorities in refspect of returns which were… Read More
Rectification of mistakes u/s 154 – Manner of disposal of application received for rectification of mistake
Hon'ble Delhi High Court vide Judgment in case of Court On its Own Motion v. UOI and Ors. in W.P. (C) 2659/2012 dated 14.03.2013 has issued several Mandamuses for necessary action by income-tax Department one of which is regarding maintenance of "Rectification Register" in which details like receipt of applications under section 154 of the IT Act,… Read More
Income-tax (9th Amendment) Rules, 2013 – Insertion of Rule 6DDC AND FORM NO. 3 BC
GOVERNMENT OF INDIA MINISTRY OF FINANCE ( DEPARTMENT OF REVENUE ) NOTIFICATION No. 51/2013 New Delhi, the 4th July, 2013 S.O. 2017 (E). -In exercise of the powers conferred by clause (e) of the proviso to clause (5) of section 43 read with section 295 of the Income - tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes… Read More
DGFT Amendment in the Import Policy of Electrical Energy under Exim Code 2716 00 00
TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART II SECTION 3, SUB SECTION (II) GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION NO. 27 (RE-2013)/2009-2014 NEW DELHI, THE 5th JULY, 2013 Subject: Amendment in the Import Policy of Electrical Energy under Exim Code 2716 00 00. S.O. (E): In exercise of… Read More
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Ninth Amendment) Regulations, 2013
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 Notification No. FEMA. 278/2013-RB Dated : June 07, 2013 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Ninth Amendment) Regulations, 2013 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange… Read More
SEBI Circular on Arbitration Mechanism in Stock Exchanges – Place of Arbitration
CIRCULAR CIR/MRD/ICC/20/2013 05.07.2013 The Managing Director/Executive Director, All Stock Exchanges. Dear Madam/Sir, Subject: Arbitration Mechanism in Stock Exchanges 1. Reference may be made to circular no. CIR/MRD/DSA/24/2010 dated August 11,2010. Para 8 of the said circular no. CIR/MRD/DSA/24/2010 dated August 11,2010 is being modified. The para 8 of aforementioned circular dated August 11, 2010 shall… Read More
SEBI Arbitration Mechanism in Stock Exchanges – Investor Service Centres
CIRCULAR CIR/MRD/ICC/21/2013 05.07.2013 The Managing Director/Executive Director, All Stock Exchanges with nation-wide terminals Dear Madam/Sir, Subject: Arbitration Mechanism in Stock Exchanges 1. Reference may be made to circulars no. CIR/MRD/DSA/24/2010 dated August 31,2010, CIR/MRD/SA/03/2012 dated January 20, 2012 and CIR/MIRSD/2/2012 dated February 15, 2012 regarding investor service centres providing inter alia arbitration facility (arbitration as well as appellate arbitration).… Read More
Master Circular – Para-banking Activities
RBI/2013-14/61 DBOD. No.FSD.BC.05/24.01.001/ 2013-14 July 1, 2013 Ashadha 10, 1935 (Saka) All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Master Circular - Para-banking Activities Please refer to the Master Circular No. DBOD.FSD.BC.24/24.01.001/2012-13 dated July 2, 2012 consolidating the instructions/guidelines issued to banks till June 30, 2012 on para-banking activities. The Master Circular has been suitably updated by incorporating… Read More
Master Circular on Export Credit Refinance Facility
RBI/2013-14/108 MPD. No.366/07.01.279/2013-14 July 1, 2013 Aashadha 10, 1935(S) The Chairmen/Chief Executives of all Scheduled Banks (excluding RRBs) Dear Sir/Madam Master Circular on Export Credit Refinance Facility Please refer to Master Circular No.MPD No.356 /07.01.279/2012-13 dated July 2, 2012 on the export credit refinance facility. This revised Master Circular consolidates and updates all instructions/guidelines issued on the… Read More
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