Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee’s Al Qaida Sanctions List – RBI Circular

by

RBI/2014–15/355DBR.AML.No.8888/14.06.001/2014-15 December 15, 2014 The Chairpersons / CEOs of all Scheduled Commercial Banks, Regional Rural Banks /Local Area Banks / All India Financial Institutions Madam/Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee’s Al Qaida Sanctions List Please refer to our circular DBR.AML No.7820/14.06.001/2014-15 dated November 26, 2014 on … Read more

Amendments in Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001

by

[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 Excise and Customs)   Notification No.114/2014 – Customs (N. T.)   New Delhi, 15th December, 2014 24  Agrahayana, 1936 (SAKA)   S.O. … (E).– In exercise of the powers conferred by sub-section … Read more

RBI imposes penalty of Rupees One lakh on CRIF High Mark Credit Information Services Private Limited

by

The Reserve Bank of India has imposed a monetary penalty of Rs.1 lakh (Rupees One lakh) on CRIF High Mark Credit Information Services Private Limited; a Credit Information Company (CIC), for violation of Sections 9(1) and 9(2) of the CICRA as it did not have a whole time Managing Director/Director to manage the whole of … Read more

Flexible Structuring of Existing Long Term Project Loans to Infrastructure and Core Industries – RBI Circular

by

RBI/2014-15/354DBR.No.BP.BC.53/21.04.132/2014-15 December 15, 2014 The Chairman and Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(Excluding Local Area Banks and Regional Rural Banks) Dear Sir, Flexible Structuring of Existing Long Term Project Loans toInfrastructure and Core Industries Please refer to our circular DBOD.No.BP.BC.24/21.04.132/2014-15 dated July 15, 2014 on Flexible Structuring of Long Term Project Loans to Infrastructure and Core … Read more

Government of India has offered to sell (re-issue) four dated securities for notified amount of Rs.14,000 crore

by

RBI/2014–15/353Ref.No.IDMD/1260/08.02.032/2014-15 December 15, 2014 All Scheduled Commercial BanksAll State Co-operative Banks/All Scheduled Primary(Urban) Co-operative Banks /All Financial Institutions/All Primary Dealers. Dear Sir/Madam, Auction of Government of India Dated Securities Government of India has offered to sell (re-issue) four dated securities for notified amount of ` 14,000 crore as per the following details: Sr No Security Notified Amount(in ` crore) … Read more

RBI extended the RTGS hours from 8:00 am to 8:00 pm, effective from 29th December 2014

by

RBI/2014–15/352DPSS (CO) RTGS No. 1064 / 04.04.002 / 2014-15 December 15, 2014 The Chairman / Managing Director / ChiefExecutive Officer of participants of RTGS Madam / Sir, Extension of RTGS time window It has been the endeavour of the Reserve Bank of India to keep enhancing the systems, procedures, etc. to meet the growing needs … Read more

Exemption from the duties of Customs to goods imported for donation for the relief and rehabilitation of people affected by the floods in the State of Jammu and Kashmir up to 31st March 2015

by

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]   GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)   New Delhi dated the 11th December, 2014   Notification No. 33/2014-Customs   G.S.R.   (E).-   In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, … Read more

CBDT Directs Various Assessing Officers to Finalize the Assessments for all Actionable Cases, whose names are appearing in the HSBC List – Second Report of SIT on Black Money Released

by

Press Information Bureau  Government of India Ministry of Finance 12-December-2014 16:33 IST Relevant Portions of the Second Report of the Special Investigation Team (SIT) on Black Money Released; On the Directions of SIT, CBDT Directs Various Assessing Officers to Finalize the Assessments for all Actionable Cases (427), whose names are appearing in the HSBC List … Read more

CPE hours requirements for the members of ICAI for the block period of three years (1-1-2014 TO 31-12-2016)

by

 A. All the members (aged less than 60 years) who are holding Certificate of Practice (except all those members who are residing abroad) are required to: a)   Complete at least 90 CPE credit hours in a rolling period of three-years. b) Complete minimum 20 CPE credit hours of structured learning in each calendar year. C)   … Read more

How to become a Fellow Member of ICAI on the basis of service?

by

Regulation 5 (3) of the Chartered Accountants Regulations, 1988 provides for eligibility to become a fellow member of the Institute on the basis of service in specified industries and organizations An associate member is eligible for admission as a Fellow Member if he/she satisfies the eligibility conditions laid down under Regulation 5(3) of the Chartered … Read more