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Archive: 06 October 2017

Posts in 06 October 2017

Government notifies Sovereign Gold Bond Scheme

October 6, 2017 843 Views 0 comment Print

G.S.R.—- (E) –– In exercise of the powers conferred by clause (iii) of section 3 of the Government Securities Act, 2006 (38 of 2006), the Central Government hereby makes the following Scheme, namely: 1. Short title and commencement.- (i) This scheme may be called the Sovereign Gold Bond Scheme., (ii) There will be a distinct Series for every week which will be indicated on the Bond issued to the investor., (ii) It shall come into force on the date of its publication in the Official Gazette.

Sovereign Gold Bonds Scheme, Operational Guidelines

October 6, 2017 693 Views 0 comment Print

This has reference to the GoI notification F.No.4(25)-B/(W&M)/2017 and RBI circular IDMD.CDD.No.929/14.04.050/2017-18 dated October 06 2017 on the Sovereign Gold Bonds,. FAQs in this regard have been placed on our website (www.rbi.org.in). Operational guidelines with regard to this scheme are given below

Sovereign Gold Bond Scheme- Terms and conditions of issue

October 6, 2017 3153 Views 0 comment Print

Government of India has vide its Notification F.No. 4(25)-B/(W&M)/2017 dated October 06, 2017 announced that the Sovereign Gold Bond Scheme. Under the scheme SGBs (The Bonds) will be issued in a series of weekly issuances which will be open for subscription from Monday to Wednesday of every week starting from October 09, 2017.

Categorization and Rationalization of Mutual Fund Schemes

October 6, 2017 1284 Views 0 comment Print

It is desirable that different schemes launched by a Mutual Fund are clearly distinct in terms of asset allocation, investment strategy etc. Further, there is a need to bring in uniformity in the characteristics of similar type of schemes launched by different Mutual Funds.

NBFC– Peer to Peer Lending Platform– Exciting technological innovation

October 6, 2017 1449 Views 2 comments Print

RBI, Master Directions – 2017 – NBFC – Peer to Peer Lending Platform – exciting technological innovation Anxiously awaited, RBI directions on peer to peer lending platform was issued on October 4, 2017 and let us understand it from a layman’s point of view. It is essential to view the directions as issued by RBI […]

MVAT: Advance Ruling Authority Notified

October 6, 2017 957 Views 0 comment Print

No. VAT/AMD.2015/1A/15/ADM-8.—In exercise of the powers conferred by sub-section (3) of section 55 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Commissioner of Sales Tax, Maharashtra State hereby amends the Notification No. VAT/AMD-2015/1A/15/ADM-8, dated 9th May 2016

IBBI amends regulations: Resolution Plan shall include a statement as to how it has dealt with interests of all stakeholders

October 6, 2017 489 Views 0 comment Print

Amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate […]

SOP for Processing of Bonds and Bank Guarantees in BBM

October 6, 2017 3189 Views 0 comment Print

A new Bond & Bank Guarantee Module (BBM) is being introduced with effect from 10.10.2017 for monitoring & management of Bonds & Bank Guarantees (BGs) required to be furnished by importers / exporters / any other person in compliance to various provisions of Customs Act, 1962. The following Standard Operating Procedure (SOP) is hereby prescribed for Departmental Officers for dealing with such Bonds & BGs in the newly launched BBM Module for effective monitoring of Bonds & BGs.

GSTR-2 How to create, Submit and file details of inward supplies

October 6, 2017 21087 Views 2 comments Print

To create, submit and file details for the inward supplies in the GSTR-2 following steps needs to be taken: 1. Login and Navigate to GSTR-2 page 2. Generate GSTR-2 Summary 3. Enter Details in various tiles 4. Preview GSTR-2 5. Acknowledge and Submit GSTR-2 to freeze data 6. File GSTR-2 with DSC/ EVC 7. View […]

GEAR UP ASSESSES!! Number of compliances falling in OCTOBER, 2017

October 6, 2017 7878 Views 2 comments Print

Due to extension of various due dates under GST, due to which there are number of compliances falling in the month of October, 2017. In this write-up, compliances under GST, Companies Act & Income Tax Act which are to be done in the month of October, 2017 are discussed. Compliances Falling In The Month Of […]

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