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Archive: 21 November 2016

Posts in 21 November 2016

Govt notifies Power to recover arrears of penalty under FEMA Act

November 21, 2016 1975 Views 0 comment Print

Central Government hereby appoints the 22nd day of November, 2016, as the date on which the provision of section 229 (Power to recover arrears of penalty.) of the said Act shall come into force.

Cash withdrawal by Farmers & traders of APMC markets / mandis

November 21, 2016 1897 Views 0 comment Print

#Demonetisation Traders registered with APMC markets / mandis can draw up to 50,000 and Farmers allowed to draw upto ₹ 25000/- per week in cash

Who can & how, withdraw cash for Marriage Celebration

November 21, 2016 3685 Views 1 comment Print

#Demonetisation-To enable wedding celebration by parents of their wards RBI allowed cash withdrawals upto Rs. 2.50 Lakh from bank a/cs for wedding expenses

RBI gives Banks additional 60 days for recognition of loans

November 21, 2016 2437 Views 0 comment Print

#Demonetisation -It has been decided to provide an additional 60 days beyond what is applicable for recognition of a loan account as substandard

RBI allows withdrawals upto ₹ 50000 from OD & CC accounts

November 21, 2016 3676 Views 0 comment Print

#Demonetisation -Holders of current / overdraft / cash credit accounts, which are operational for last 3 months or more, may now withdraw upto ₹ 50000 in cash, in a week.

#Demonetisation : Activity of Banks during Nov 10 to Nov 18 2016

November 21, 2016 5410 Views 0 comment Print

Banks have since reported that such exchange/deposits effected from November 10, 2016 upto November 18, 2016 amounted to ₹ 5,44,571 crore (exchange amounted to ₹ 33,006 crore and deposits amounted to ₹ 5,11,565 crore). They have also reported that the public have withdrawn, during this period, ₹ 1,03,316 crore from their accounts either over the counter or through ATMs.

IRDA announces list of holidays for the calendar year 2017

November 21, 2016 2416 Views 0 comment Print

Under IRDA Staff (Officers and Employees) Regulations, 2016, following Holidays will be observed by all offices of IRDA during calendar year 2017

Exemption from late fee payment under MVAT for late return filing

November 21, 2016 12268 Views 0 comment Print

The invoice based monthly returns for the financial year 2016-17 are being filed by the eligible registered dealers form 29th August 2016. The Trade Circular No. 22 T of 2016 dt. 26th August 2016 was issued describing the procedure of filing the returns in new formats. The Trade Circular also mentioned the extended dates of return filing for the purpose of late fee exemption for the period from April 2016 onwards.

IBBI (Insolvency Professional Agencies) Regulations, 2016

November 21, 2016 2593 Views 0 comment Print

Board hereby makes following Regulations to provide a framework for regulation of insolvency professional agencies in terms hereof, namely- Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) Regulations, 2016.

IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016

November 21, 2016 1777 Views 0 comment Print

Insolvency and Bankruptcy Board of India hereby makes the following Regulations, namely -Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016.

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