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Circulars

Full/Partial exemption of late fee under MVAT Act, for late returns

January 2, 2017 8812 Views 2 comments Print

A Registered MVAT Dealer, who uploads the pending returns for any period upto 31st March 2016, shall be eligible to take benefit of waiver of late fee, depending on the phase, in which he uploads his MVAT returns.

Exchange of old notes for those who were out of India B/W 10.11.2016 to 30.12.2016

December 31, 2016 2599 Views 1 comment Print

A facility for exchange of SBNs is made available for the resident and non-resident citizens who could not avail the facility from November 10 to December 30, 2016 on account of their absence from India during the aforementioned period.

Declaration to be filled up by NRIs for depositing Specified Bank Notes

December 31, 2016 1366 Views 0 comment Print

For the period from up to 31.3 17 or 30.6.17, as applicable, a declaration form will need to be filled by resident Indians and Non-resident Indians coming to India and carrying SBNs for depositing these SBNs in the specified offices of RBI in India.

Special measures to incentivise Electronic Payments – Extension of time

December 30, 2016 931 Views 0 comment Print

Considering that the Bank is undertaking a comprehensive review of the guidelines and framework for Prepaid Payment Instruments (PPI) issuance in the country (refer Press release dated September 2, 2016), it has been decided to extend the measures notified in the above mentioned circular till the completion of review of the PPI guidelines.

MVAT: Administrative relief for dealers registered after 25/05/2016

December 30, 2016 4645 Views 1 comment Print

After the new SAP based system for online registration went live from 25th May 2016 some of applicants could not submit their applications because of technical reasons.

ATM Cash withdrawal limit enhanced to Rs. 4500 per day per card

December 30, 2016 1663 Views 0 comment Print

Daily limit of withdrawal from ATMs increased with effect from January 01, 2017, from the existing ₹ 2500/- to ₹ 4500/- per day per card.

Disclosure of Financial information to Stock Exchanges by REITs

December 29, 2016 1414 Views 0 comment Print

Regulation 23 of SEBI (Real Estate Investment Trusts) Regulations, 2014 prescribe disclosures to be made by a REIT to Stock Exchange(s) where its units are listed.

Norms for Income Recognition and NPA Classification Further relaxed

December 28, 2016 1939 Views 0 comment Print

Permit all REs to defer the down grade of an account that was standard as on November 1, 2016, but would have become NPA for any reason during the period November 1, 2016 to December 31, 2016, by 90 days from the date of such downgrade in the following categories of accounts:

FPIs can transact in non-convertible debentures /bonds issued by Indian companies

December 27, 2016 739 Views 0 comment Print

With a view to providing flexibility in regard to the manner in which non-convertible debentures/bonds issued by Indian companies can be acquired by FPIs, it has now been decided to allow them to transact in such instruments either directly or in any manner as per the prevalent/approved market practice.

SEBI Reviews position limits available for stock derivatives contracts

December 27, 2016 709 Views 0 comment Print

Review of the position limits available to Stock Brokers / Foreign Portfolio Investors (FPIs) – Category I & II / Mutual Funds (MFs) for stock derivatives contracts

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