"17 March 2017" Archive - Page 3

Cybercrime audit on banks to check loopholes

To address the issue of cyber resilience, RBI vide circular dated December 9, 2016 had instructed all authorised entities / banks issuing PPIs in the country to: (i) Carry out a special audit by the empanelled auditors of Indian Computer Emergency Response Team (CERT-In) on a priority basis and take immediate steps thereafter to comply [&...

Read More
Posted Under: Fema / RBI |

9 Criterias to Assess Performance of Private Insurance Companies

Performance of private insurance companies are assessed through the following: - i.) Analysis of the financial statements and corporate governance report of the insurance companies on annual basis. ii.) Analysis of the statement of expenses of management and payment of commission on an annual basis....

Read More
Posted Under: Fema / RBI |

Reforms to Boost Commodities Trading

Regulatory reforms are continuous process and steps are taken continuously to further strengthen and develop commodities derivatives markets. Subsequent to the merger of the erstwhile Forward Markets Commission (FMC) with the Securities and Exchange Board of India (SEBI) in September 2015, SEBI has taken several steps towards reforming an...

Read More
Posted Under: Fema / RBI |

Processing of returns filed in F.Y. 2015-16 to get time barred on 31.03.2017

AST Instruction No. 143 (17/03/2017)

As you are aware that returns furnished by the assesses during the FY 2015-16 are pending for processing u/s 143(1) and the limitation date for the same is 31.03.2017. ...

Read More

Demonetisation: Critics Silenced as India moves ahead

Demonetisation broke the backs of those who threatened national security and sent a clear message that it was no longer business as usual. Large deposits are under scrutiny to verify their authenticity....

Read More
Posted Under: Fema / RBI |

Waiver of Late Fee for late filing of VAT, CST, PT & Luxry Tax returns

Waiver of Late Fee for late filing of VAT and CST returns in Maharashtra The Trade has represented that many technical difficulties are being faced by them while filing their returns and therefore the late fees for delayed filing of returns should be waived. The issue was examined and in order to provide relief to […]...

Read More
Posted Under: Fema / RBI |

Non Resident can enter foreign exchange derivative contract

Notification No. FEMA. 384/RB-2017 / G.S.R. 260(E) (17/03/2017)

A non-resident may enter into a foreign exchange derivative contract with an Authorised Dealer bank in India to hedge an exposure to exchange risk of and on behalf of its Indian subsidiary in respect of the said subsidiary's transactions subject to such terms and conditions as may be stipulated by the Reserve Bank from time to time....

Read More

Companies (Indian Accounting Standards) (Amendment) Rules, 2017

G.S.R. 258(E) (17/03/2017)

(1) These rules may be called the Companies (Indian Accounting Standards) (Amendment) Rules, 2017. (2) They shall come into force on the 1st day of April, 2017....

Read More

DVAT 3rd quarter of 2016-17 Return Filing due date extended to 31/03/2017

Circular No. 28 of 2016-17 (17/03/2017)

Commissioner, Value Added Tax, Delhi extends the last date of filing of online/hard copy of third quarter return for the year 2016-17, in Form DVAT-16 ,DVAT-17 and DVAT-48 along with required annexure/enclosures to 31.03.2017....

Read More
Page 3 of 3123

Search Posts by Date