"August, 2011" Archive - Page 13

RBI Committee to re-examine the existing classification and suggest revised guidelines with regard to priority sector lending classification and related issues

The Reserve Bank of India has set up a Committee to re-examine the existing classification and suggest revised guidelines with regard to priority sector lending classification and related issues. Shri M. V. Nair, CMD, Union Bank of India will chair the Committee. Other members of the Committee include, Dr.P.K.Mishra, IAS (Retd.), Fo...

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Posted Under: Fema / RBI |

RBI releases Annual Report for 2010-11

The Reserve Bank of India today released its Annual Report for 2010-11. This is a statutory Report of the Central Board of the Reserve Bank that covers (i) the assessment of the macroeconomic performance during 2010-11 and the prospects for 2011-12, and (ii) the working and operations of the Reserve Bank and its financial accounts. The hi...

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Posted Under: Fema / RBI |

Notification No. G.S. R. 649(E), dated 25/08/2011

Notification No. G.S.R. 649(E) 25/08/2011

In exercise of the powers conferred by clauses (e) and (t) of sub-section (2) of Section 38A, read with Section 29C and sub-section (1) of Section 29D of the Company Secretaries Act, 1980 (56 of 1980), the Central Government hereby makes the following amendments in the Company Secretaries Procedures of Meetings of Quality Review Board....

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Redressal of investor grievances against stock brokers and sub- brokers in SEBI Complaints Redress System (SCORES)

Circular No. MIRSD/18/2011 25/08/2011

CIRCULAR NO. MIRSD/18/2011, DATED 25-8-2011 1. SEBI has commenced processing of investor grievances in a centralized web-based complaints redressal system, 'SCORES'. The salient features of this system are: l Centralized database of all complaints; l Online movement of complaints to the concerned entities; l ...

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ICAI awards for excellence in financial reporting – Invitation to Participate in the Competition for the year 2010-11

To recognise and encourage excellence in the preparation and presentation of financial information with the mission of greater accountability and well-informed decision making. Procedure for Participation There is no fee for participation in the competition. Annual report relating to the financial year ending on any day between A...

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Posted Under: Fema / RBI |

Insurance – Proposed amendments to IRDA (Investment) Regulations 2008

NA 25/08/2011

Date- 25.08.2011 - The Authority after notification of IRDA (Investment) (4th Amendment) Regulations, 2008 and after mandating the minimum requirements in respect of Investment Risk Management Systems & Process and Internal / Concurrent Audit Scope (issued through Technical Guides through the ICAI) took the feedback from the Working Group...

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Banking, electronic payments and road ahead

The stage of payment system development in a country to a large extent depends upon the adoption of technology, introduction of new payment instruments and the confidence of the public in using these payment instruments. In India cash still continues to be the predominant payment mode. This can be gauged from the fact that value of bank n...

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Posted Under: Fema / RBI |

Comments suggestions invited regarding levy of service tax on distributors/sub-distributors of films & exhibitors of movie

Draft Circular No. _____/_____/ 2011 – ST 23/08/2011

These representations have been examined. Subsequent to CBEC Circular No. 109/03/2009 dated 23.02.2009, temporary transfer or permitting the use or enjoyment of, any copyright defined in the Copyright Act, 1957 (14 of 1957), except the rights covered under sub-clause (a) of clause (1) of section 13 of the said Act were made taxable w.e.f....

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CS exam Results to be declared on 25th August 2011 (Today) at 11:00 AM

The CS Result shall be declared on 25th August 2011 at 11:00 AM on the official website of ICSI- http://www.icsi.edu/...

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Posted Under: Fema / RBI |

Procedure for regulating refund of excess amount of TDS deducted and/or paid – Modification of Circular No. 2/2011 dated 27-4-2011

Circular No. 6/2011-Income Tax 24/08/2011

CIRCULAR NO. 6/2011, DATED 24-8-2011 Section 200A of The Income-Tax Act, 1961 - Deduction Of Tax At Source - Processing Of Statement Of Tax Deducted At Source - Procedure For Regulating Refund Of Excess Amount Of TDS Deducted And/or Paid - Modification Of Circular No. 2/2011, Dated 27-4-2011...

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