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Due date & Fee for Annual ROC Filing in J&K relaxed

December 7, 2016 1291 Views 0 comment Print

Jammu and Kashmir -Relaxation of additional fees & extension of last date of in filing form MGT-7 (Annual Return) & AOC-4 (Financial Statement)

Clarification on due date of transfer of shares to IEPF Authority

December 7, 2016 1006 Views 0 comment Print

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.

RBI Withdraws Incremental CRR

December 7, 2016 1126 Views 0 comment Print

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

Customer due diligence & need for maintenance of records

December 6, 2016 2539 Views 0 comment Print

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;

Filing of Offline Challans with IEPF Authority under Companies Act

December 5, 2016 1807 Views 0 comment Print

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).

Customs: Relaxation in Outsourcing by an authorized Courier-reg

December 2, 2016 2275 Views 0 comment Print

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.

Roll out of ECCS at Courier Terminal, Sahar, Mumbai-reg

December 2, 2016 2275 Views 0 comment Print

Express Cargo Clearance System ECCS is an Automation Program developed on PPP model by Express Industry Council of India (EICI).

Banks to enable Aadhaar-based Authentication for Debit / Credit Card Transactions

December 2, 2016 1660 Views 0 comment Print

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.

SEBI withdraws margin benefit on spread positions

December 2, 2016 889 Views 0 comment Print

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.

Information from Social Media – RBI Advisory to banks

December 1, 2016 1423 Views 0 comment Print

Certain fake guidelines / instructions purported to be issued by RBI are circulated in social media by some unscrupulous elements to create confusion

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