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Archive: 07 September 2016

Posts in 07 September 2016

Mechanism for regular monitoring of and penalty for short‑collection/non-collection of margins from clients

September 7, 2016 841 Views 0 comment Print

Erstwhile FMC, had prescribed mechanism for regular monitoring of and levy of penalty for short-collection/non-collection of margins from clients and had issued clarifications on the same from time to time. This circular is being issued to consolidate and update such norms prescribed by the erstwhile FMC.

Due Date Rate fixation Guidelines for Regional Commodity Derivatives Exchanges

September 7, 2016 463 Views 0 comment Print

Erstwhile FMC, had prescribed guidelines for fixation of Due Date Rate (DDR) for Commodity Specific (Regional) Exchanges. Vide this circular the said guidelines are being re-issued for Regional Commodity Derivatives Exchanges.

Revision of pay of stagnating at maximum of Pay Band & Grade Pay or scale

September 7, 2016 5440 Views 1 comment Print

The undersigned is directed to say that consequent upon notification of Central Civil Services (Revised Pay) Rules, 2016, representations have been received regarding provision of additional increments in the revised pay structure on 01.01.2016 in case of employees who had been stagnating at the maximum of the Pay Band and Grade Pay or scale in the pre-revised pay structure.

Bunching of stages in revised pay structure under Central Civil Services (Revised Pay) Rules, 2016

September 7, 2016 1792 Views 0 comment Print

For this purpose, pay drawn by two Government servants in a given Pay Band and Grade Pay or scale where the higher pay is at least 3% more than the lower pay shall constitute two stages. Officers drawing pay where the difference is less than 3% shall not be entitled for this benefit.

Revised Guidelines for engagement of Income-tax Dept Counsels

September 7, 2016 9826 Views 0 comment Print

With a view to ensure improved representation before the High Courts and other judicial forums and in supersession of Instruction No 3/2012 on the subject, Board has laid down following guidelines for engagement of Standing Counsels.

Revised Guidelines for engagement of Income-tax Dept Special Public Prosecutors

September 7, 2016 4654 Views 0 comment Print

With a view to streamline the process of engagement of Special Public Prosecutors (SPPs) by the Department to represent before Courts of Session and its subordinate Courts in prosecution cases and in supersession of the existing Instructions of the CBDT on the subject matter in general and Instruction No. 1880 dated 30.01.1991 and Instruction No. 1925 dated 31.03.1995 in particular, the following instructions are issued herewith for compliance by all concerned:-

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