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Notifications/Circulars

Public Notice No. 36 (RE-2012)/2009-14, Dated: 12.12.2012

December 12, 2012 460 Views 0 comment Print

For exports made prior to date of decision/ notification/ public notice of products/ markets, such a declaration will not be required since such exports would have already taken place.

XBRL filing due date extended to 15th January 2013

December 12, 2012 1405 Views 0 comment Print

In continuation of the Ministry’s General Circular Nos: 16/2012 dated 06.07.2012 and 34/2012 dated 25.10.2012 on the subject cited above, it is stated that the time limit to file the financial statements in the XBRL mode without any additional fee/penalty has been extended up to 15th January 2013 or within 30 days from the date of AGM of the company, whichever is later.

Guidelines for issue of debit cards by banks

December 12, 2012 1570 Views 0 comment Print

Please refer to paragraphs 106 and 107 (extract enclosed) of the Second Quarter Review of Monetary Policy 2012-13 announced on October 30, 2012, proposing to accord general permission to banks for issue of co-branded debit and rupee denominated pre-paid instruments, subject to certain conditions, in order to obviate the need for banks to approach the Reserve Bank for every co-branding arrangement.

Issuance of rupee denominated co-branded pre-paid cards

December 12, 2012 2507 Views 0 comment Print

Issue of rupee denominated pre-paid payment instruments is subject to the stipulations contained in the Notification on the Issuance and Operation of Pre-paid Payment Instruments in India (Reserve Bank) Directions, 2009 by Department of Payment and Settlement Systems (DPSS) of the Reserve Bank of India, under the Payment and Settlement Systems Act, 2007

Nomination facility available for joint deposit accounts also

December 12, 2012 1960 Views 0 comment Print

It is understood that sometimes the customers opening joint accounts with or without ‘Either or Survivor ‘ mandate, are dissuaded from exercising the nomination facility. It is clarified that nomination facility is available for joint deposit accounts also. Banks are, therefore, advised to ensure that their branches offer nomination facility to all deposit accounts including joint accounts opened by the customers.

SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) (Amendment) Regulations, 2012

December 11, 2012 1844 Views 0 comment Print

(i) making a false or misleading statement, or (ii) concealing or omitting material facts of the scheme, or (iii) concealing the associated risk factors of the scheme, or (iv) not taking reasonable care to ensure suitability of the scheme to the buyer.

Oversight of Members (Stock Brokers/Trading Members/Clearing Members of any segment of Stock Exchanges/Clearing Corporations)

December 7, 2012 687 Views 0 comment Print

The Stock Exchange or the Clearing Corporation, as the case may be, shall, in consultation with SEBI, formulate a policy for annual inspection of their members in various segments and follow up action thereon. The policy shall also cover various kinds of risks posed to the investors and market at large on account of the activities/business conduct of their members.

CLB Chairman can now transfer matter pending before a Regional Bench to other Regional Bench

December 7, 2012 973 Views 0 comment Print

Provided further that notwithstanding anything contained in regulation 7, it shall be lawful for the Chairman to inter-se transfer any matter pending before a Regional Bench to any other Regional Bench or to the Principal Bench either at the joint request of the parties or for other reasons to be recorded in writing

Conditions & procedure for investigation by Special Valuation Branches

December 7, 2012 1250 Views 0 comment Print

Circular No. 29 /2012-Customs – Kind attention is invited to Board Circular No. 11/2001-Customs dated 23rd February 2001 issued from F. No. 467/32/2000-Customs V, prescribing conditions and procedure regarding cases to be taken up for investigation by Special Valuation Branches (SVB) and their manner of processing and disposal.

Extend the validity of Notification No. 11/2008-Customs, dated the 23.01.2008 by one more year

December 6, 2012 1276 Views 0 comment Print

G.S.R. 881 (E).-WHEREAS, the designated authority vide notification No. 21/29/2011-DGAD, dated the 5th October, 2012, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 5th October, 2012, had initiated review, in terms of sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975) read with rule 23 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, in the matter of continuation of anti-dump

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