CBEC is of the View that extension of the facility of export warehousing to Ahmedabad district in the state of Gujarat Would facilitate the trade and industry
Banks are advised to preserve CCTV recordings of operations at bank branches and currency chests for period from November 08 to December 30, 2016
RBI allow Standalone PDs to distribute Relief/Savings bonds under non-core activities, as brokers of authorized entities, subject to adherence to terms
Banks are advised to maintain, at the Currency Chest level and at link branches level, a Daily Record of Issuances showing serial numbers of Mahatma Gandhi (New) Series banknotes in the denominations of ₹ 500 and above received from RBI as remittance
Under revised procedure transfer of shares of shareholders under tender offers would be made directly to account maintained by clearing corporation.
i. It has been decided to allow One Time Pin (OTP) based e-KYC subject to certain restrictions. ii. All Scheduled Commercial Banks (SCBs) are required to invariably upload the KYC data pertaining to all new individual accounts opened on or after January 1, 2017, with Central KYC Records Registry.
i. Explanation to Section 3(a)(ii)d pertaining to ‘definition of beneficial owner in case of trust’ which reads as – Explanation: Term ‘body of individuals’ includes societies has been deleted.
Jammu and Kashmir -Relaxation of additional fees & extension of last date of in filing form MGT-7 (Annual Return) & AOC-4 (Financial Statement)
Various representations have been received from Companies for simplification of transfer process of shares under Investor Education & Protection Fund (Accounting. Audit. Transfer. and Refund) Rules, 2016. notified on 05.09.2016.
On November 26, 2016 the Reserve Bank had announced an incremental CRR of 100 per cent of increase in net demand and time liabilities of scheduled banks
