Attention of Authorized Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA. 25/RB-2000 dated May 3, 2000) and Master Directions on Risk Management and Inter-Bank Dealings dated July 5, 2016 as amended from time to time.
S.O. 2561(E).—In exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002 (12 of 2003), the Central Government, in public interest, hereby exempts the Regional Rural Banks in respect of which the Central Government has issued a notification under sub-section (1) of section 23A of the Regional Rural Banks Act, 1976 (21 of 1976), from the application of provisions of sections 5 and 6 of the Competition Act, 2002 for a period of five years from the date of publication of this notification in the Official Gazette.
It has been decided to grant an exemption to stock exchanges at IFSC from complying with clause 5.1 and 5.2 of SEBI circular dated April 23, 2014 subject to the condition that the exchange would create a reserve specifically to meet Liquidity Enhancement Schemes (LES) incentives/expenses based on the normative study of the LES in the domestic market and such reserves would not be included in the net worth calculation.
Standard Operating Procedure (SOP) with regard to implementation of of Benami Property Transactions Act, 1988 (as amended by Benami Transactions (Probibition) Amendment Act, 2016], following setting up of dedicated Benami Prohibition Units (BPUs) under each PDIT(Inv)
Voting by Postal Ballot is a type of voting in which pre-paid ballot papers are distributed to the members for their voting.
One such aspect which is observed by many is not able to opt for composition for the Financial Year 2017-18 even though last day to opt for the same in case of Migration cases is 16th August 2017. Few of the latest grievances were as under
In recent notification, extension is granted for filing FORM GSTR-1 (Outward supplier) & GSTR-2 (Inward supplier) for the month of July & August, so accordingly extension is granted for filing monthly return i.e. FORM GSTR-3 as well. Form No. For the month of Time period for filing of details in FORM GSTR-1 GSTR-1 July, […]
In order to expedite the reduction of bad debts of the Government and the Department, the Directorate of Recovery has compiled a list of a total of 186 cases pending for Write- Off of Rs.25 lakhs and above as on 01.04.2016 in different Charges across India.
Introduction: This article discusses in detail about GST on Travel Agents & Tour Operators & its related aspects. Air Travel Agent An Air Travel Agent earns two types of income: commission from the Airlines for booking of air tickets; income in the form of processing fees etc. from the client for whom he books the […]
The last date to file income tax return for the assessment year 17-18 was 31 July, 2017. However, the due date for filing the income tax return extended to 5th of August, 2017 by the government. In fact, the income tax return filing within the deadline is very crucial especially for the Financial Year 2016-2017 in […]
