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Circulars

Reg. Transhipment of Export Cargo from Bangladesh to third countries through LCS

February 5, 2020 807 Views 0 comment Print

Procedure for a Pilot on Transhipment of Export Cargo from Bangladesh to third countries through Land Customs Stations (LCSs) to Kolkata Port / Airport, in containers or closed bodied trucks — Reg.

Custom procedure of inspection/appraisement of second hand machinery

February 5, 2020 16065 Views 1 comment Print

All imports of second hand machinery/used capital goods shall be ordinarily accompanied by an inspection/appraisement report issued by an overseas Chartered Engineer or equivalent, prepared upon examination of the goods at the place of sale.

Interest Subvention Scheme for MSMEs -Operational guidelines amended

February 5, 2020 3111 Views 1 comment Print

Reserve Bank of India RBI/2019-20/155 FIDD.CO.MSME.BC.No.17/06.02.031/2019-20 February 5, 2020 The Chairman / Managing Director & CEOs All Scheduled Commercial Banks (including Regional Rural Banks) Madam / Dear Sir, Interest Subvention Scheme for MSMEs Please refer to the operational guidelines for the captioned scheme contained in circular on ‘Interest Subvention Scheme for MSMEs’ issued vide FIDD.CO.MSME.BC.No.14/06.02.031/2018-19 […]

Disclosure Standards for Alternative Investment Funds (AIFs)

February 5, 2020 3237 Views 0 comment Print

Considering inputs from public consultation and deliberations in Alternative Investment Policy Advisory Committee (AIPAC), it has been decided to introduce template(s) for PPM, subject to certain exemptions, and mandatory performance benchmarking for AIFs with provisions for additional customized performance reporting.

IRDAI allows addition of departments to surveyors & loss assessors

February 4, 2020 5352 Views 0 comment Print

IRDAI hereby allows addition of departments to the surveyors and loss assessors subject to meeting the eligibility criteria. There will be no restriction on the number of departments allowed to work for licensing of a surveyor and loss assessor and the allotment of number of departments will be based on the qualification, compliance with the requirements as per the Regulations and the option of the surveyor and loss assessor.

Parameters for Performance Review of Commodity derivatives contracts

February 4, 2020 1701 Views 0 comment Print

In order to ensure that the derivatives contracts are closely aligned to the physical markets, it is imperative to have a framework to evaluate the performance of these contracts based not merely on statistics regarding delivery and trade volumes but also on the strength of a comprehensive empirical assessment after considering all relevant information, pertaining to the performance of a derivative contract during the relevant period of time.

Common Application Form for Foreign Portfolio Investors

February 4, 2020 1602 Views 0 comment Print

Common Application Form (CAF) for the purpose of (a) registration of Foreign Portfolio Investors (FPIs) with Securities and Exchange Board of India, (b) allotment of Permanent Account Number (PAN) and (c) carrying out of Know Your Customer (KYC) for opening of Bank & Demat Account.

Currency Future & Options Contracts (involving Indian Rupee) on Exchanges in IFSC

February 3, 2020 669 Views 0 comment Print

Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015 were notified on March 27, 2015, which came into force on April 01, 2015 wherein currency derivatives were specified as permissible securities in which dealing may be permitted by stock exchanges in IFSC.

Cash withdrawal using Point of Sale (PoS) terminals

January 31, 2020 1155 Views 0 comment Print

It has been decided that the requirement of obtaining permission from the RBI be dispensed with and that henceforth, banks may, based on the approval of their Board, provide cash withdrawal facility at PoS terminals. The designated merchant establishments may be advised to clearly indicate / display the availability of this facility along with the charges, if any, payable by the customer.

Last date for filing MGT-7 and AOC-4 in J&K & Ladakh extended

January 31, 2020 765 Views 0 comment Print

MCA further extended the due date for filing of e-forms AOC-4, AOC-4 (CFS) AOC- 4 XBRL and e-form MGT-7 upto 31.03.2020, for companies having jurisdiction in the UT of J&K and UT of Ladakh without levy of additional fee. General Circular No. 03/2020 F.No. 01/34/2013 CL-V Government of India Ministry of Corporate Affairs 5th Floor, […]

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