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DIR-3 KYC: Simplification, Due date Extension- New Updates

June 27, 2019 72198 Views 0 comment Print

DIR KYC date will be extended (due to non-availability of revised form till date) and method of doing KYC will be updated as under:- 1. If all details of Director are same as on MCA portal, then web-based KYC verification with pre-filled data based on the records in the registry.

Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019

June 26, 2019 4173 Views 1 comment Print

Reserve Bank of India Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019 (Updated as on August 08, 2022) RBI/2018-19/222 FMRD.DIRD.19/14.03.046/2018-19 June 26, 2019 (Updated as on August 08, 2022) (Updated as on February 10, 2022) To All participants in Rupee interest rate derivatives markets Dear Sir/Madam Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019 Please […]

Financial Benchmark Administrators (Reserve Bank) Directions, 2019

June 26, 2019 1443 Views 0 comment Print

The Reserve Bank of India today released the Financial Benchmark Administrators (Reserve Bank) Directions, 2019. These directions shall apply to Financial Benchmark Administrators administering ‘significant benchmarks’ in the markets for financial instruments regulated by the Reserve Bank. The identification of a benchmark as a ‘significant benchmark’ shall be based on use, efficiency and relevance of the […]

Amendment in import policy of seeds of Peas

June 25, 2019 2928 Views 0 comment Print

Import policy of seeds of Peas is amended from ‘Restricted’ to ‘Free’ subject to phytosanitary import conditions as per Plant Quarantine (Regulation of Imports into India), Order 2003. Policy condition 4 to Chapter 12 of ITC (HS), 2017, Schedule — I (Import Policy) is hereby deleted.

Revised procedure to pay Excise and Service Tax Arrears online

June 25, 2019 65436 Views 6 comments Print

Implementation of CBIC (ICEGATE) E-payment portal from 1st July, 2019– Revised procedure for making e-payment of Central Excise and Service Tax arrears under the new CBIC-GST Integrated portal https://cbic-gst.gov.in Circular No. 1070/3/2019 Central Excise F. No. 267/58/2019/CX-8 Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs New Delhi, Dated, the 24th June, 2019 To The Principal […]

Disability pension exempt for armed forces personnel of all ranks-CBDT

June 24, 2019 81531 Views 12 comments Print

Exemption of service element and disability element of disability  pension granted to disabled personnel of armed forces who have been invalided on account of disability attributable to or aggravated by such service. Circular No. 13/2019-Income Tax F. No. 173/250/2019-ITA-1 Government of India Ministry of Finance Department  of  Revenue Central Board of Direct Taxes North Block, […]

Rollout of foreign exchange trading platform for retail participants– FX-Retail

June 20, 2019 1356 Views 0 comment Print

Reserve Bank of India Rollout of the foreign exchange trading platform for retail participants – FX-Retail RBI/2018-19/217 FMRD.FMD.16/02.03.225/2018-19 June 20, 2019 All Eligible Market Participants Dear Sir/Madam, Rollout of the foreign exchange trading platform for retail participants – FX-Retail Please refer to the Statement on Developmental and Regulatory Policies dated June 06, 2019, announcing the introduction […]

Discontinuation of requirement of Paper to Follow (P2F) for State Govt Cheques

June 20, 2019 5589 Views 0 comment Print

With a view to enhancing efficiency in cheque clearing, Reserve Bank has introduced Cheque Truncation System (CTS) for clearance of cheques, facilitating the presentation and payment of cheques without their physical movement. P2F has been discontinued for CG cheques with effect from February 2016.

Changes in Rates of Agency Commission to Banks on Govt Transactions

June 20, 2019 6756 Views 0 comment Print

Since then, there has not only been an expansion in volume and value of government receipts and payments, and coverage of bank branches handling government transactions, but also significant movements towards adoption of technology and migration to electronic means of payments.

Handling of Clients’ Securities by Trading Members/Clearing Members

June 20, 2019 4293 Views 0 comment Print

stock broker shall segregate securities or moneys of the client or clients or shall not use the securities or moneys of a client or clients for self or for any other client.

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