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Ensure Adequate cash supply during Rabi Crop Season: RBI

November 22, 2016 1105 Views 0 comment Print

#Demonetisation It is estimated that about ₹ 35,000/- crore would be required by the DCCBs for sanction and disbursement of crop loans to the farmers at the rate of ₹ 10,000/- crore per week.

Revised Guidelines for application of section 9A -Fund manager

November 22, 2016 3736 Views 0 comment Print

Fund manager shall not be considered to be a connected person of the fund merely for the reason that the fund manager is undertaking fund management activity of the said fund.

Jurisdiction for online services from non-taxable territory

November 22, 2016 2203 Views 0 comment Print

Exclusive jurisdiction to LTU-Bangalore with respect to online information and database access or retrieval services provided or agreed to be provided by a person located in non-taxable territory and received by a ‘non-assesse online recipient’.

Govt notifies Power to recover arrears of penalty under FEMA Act

November 21, 2016 2227 Views 0 comment Print

Central Government hereby appoints the 22nd day of November, 2016, as the date on which the provision of section 229 (Power to recover arrears of penalty.) of the said Act shall come into force.

Cash withdrawal by Farmers & traders of APMC markets / mandis

November 21, 2016 2089 Views 0 comment Print

#Demonetisation Traders registered with APMC markets / mandis can draw up to 50,000 and Farmers allowed to draw upto ₹ 25000/- per week in cash

Who can & how, withdraw cash for Marriage Celebration

November 21, 2016 3982 Views 1 comment Print

#Demonetisation-To enable wedding celebration by parents of their wards RBI allowed cash withdrawals upto Rs. 2.50 Lakh from bank a/cs for wedding expenses

RBI gives Banks additional 60 days for recognition of loans

November 21, 2016 2629 Views 0 comment Print

#Demonetisation -It has been decided to provide an additional 60 days beyond what is applicable for recognition of a loan account as substandard

RBI allows withdrawals upto ₹ 50000 from OD & CC accounts

November 21, 2016 3829 Views 0 comment Print

#Demonetisation -Holders of current / overdraft / cash credit accounts, which are operational for last 3 months or more, may now withdraw upto ₹ 50000 in cash, in a week.

IBBI (Insolvency Professional Agencies) Regulations, 2016

November 21, 2016 3022 Views 0 comment Print

Board hereby makes following Regulations to provide a framework for regulation of insolvency professional agencies in terms hereof, namely- Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) Regulations, 2016.

IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016

November 21, 2016 2251 Views 0 comment Print

Insolvency and Bankruptcy Board of India hereby makes the following Regulations, namely -Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016.

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