As part of Customer Due Diligence Procedure, certified copies of officially valid documents for proof of identity and address are to be obtained while establishing an account based relationship;
Companies depositing amounts to IEPF under section 125 of the Companies Act, 2013 to :- (i) generate challan online only (ii) file form IEPF-1 mentioning the SRN No. of challan (online mode only).
Board has decided that for functions namely pick-up or local delivery of export/imported courier packages/shipments, transportation for officials and housekeeping activities permission will not be required.
Express Cargo Clearance System ECCS is an Automation Program developed on PPP model by Express Industry Council of India (EICI).
Banks were advised to ensure that all new card present acceptance infrastructure deployed with effect from January 1, 2017 are enabled for processing payment transactions using Aadhaar-based biometric authentication also.
It has been decided that margin benefit on spread positions shall be entirely withdrawn latest by the start of tender period or the start of the expiry day, whichever is earlier.
Certain fake guidelines / instructions purported to be issued by RBI are circulated in social media by some unscrupulous elements to create confusion
SEBI, in consultation with Technical Advisory Committee of SEBI (TAC), has reviewed the applicable provisions of the SEBI circular dated May 13, 2015 regarding guidelines to be followed by stock exchanges while facilitating co-location / proximity hosting, particularly with respect to the following
A bank’s exposures to its counterparties may result in concentration of its assets to a single counterparty or a group of connected counterparties.
In addition to State Bank of India, sale of seized/ confiscated gold found ripe for disposal can be routed through all Public Sector Banks (approved by RBI to import and sell gold), MMTC Ltd. and STC Ltd.
