Circular on Mutual Funds
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The Securities and Exchange Board of India has issued Circular No. 68 dated August 10, 2016 to All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds regarding Circular on Mutual Funds.

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Posted in SEBI

Capacity Building in Banks and AIFIs
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RBI has issued Notification No. 36 dated August 11, 2016 to all Commercial Banks and all India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) regarding Capacity Building in Banks and AIFIs.

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Posted in FEMA & RBI

Priority Sector Lending status for Factoring Transactions
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RBI has issued Notification No. 37 dated August 11, 2016 to the Chairman/ Managing Director/ Chief Executive Officer of All Scheduled Commercial Banks (excluding Regional Rural Banks) regarding Priority Sector Lending status for Factoring Transactions.

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Posted in FEMA & RBI

Seeks to amend Notification No. 50/2011- Customs dated 22.06.2011
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The Central Board of Excise and Customs has issued Notification No. 37/2016-Customs (Add) dated the 4th August, 2016 regarding amendment to Notification No. 50/2011- Customs dated 22.06.2011.

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Posted in Customs & Excise

Seeks to amend Notification 52/2003- Customs dated 31.03.2003
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The Central Board of Excise and Customs has issued Notification No. 44/2016-Customs dated the 29th July, 2016 regarding amendment to Notification No. 52/2003- customs dated 31.03.2003.

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Posted in Customs & Excise

Procedure for exports through FPO, Delhi / Mumbai / Chennai using ecommerce platform under MEIS Scheme of Chapter 3 of Foreign Trade Policy (2015-20).
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The Central Board of Excise and Customs has issued Circular No. 36 dated 29th, July, 2016 to Principal Chief Commissioners Customs, Chief Commissioners of Customs, Principal Commissioners of Customs, Commissioners of Customs, Delhi, Mumbai, Chennai regarding Procedure for exports through FPO, Delhi / Mumbai / Chennai using ecommerce platform under MEIS Scheme of Chapter 3 of Foreign Trade Policy (2015-20).

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Posted in Customs & Excise

Foreign Investment in Rupee denominated bonds issued overseas by Indian Corporates.
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The Securities and Exchange Board of India has issued Circular No. 67 dated August 04, 2016 to All Foreign Portfolio Investors through their designated Custodians of Securities,the Depositories (NSDL and CDSL) regarding Foreign Investment in Rupee denominated bonds issued overseas by Indian Corporates.

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Posted in SEBI

Union Budget – 2016-17 Interest Subvention Scheme
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RBI has issued Notification No. 32 dated August 4, 2016 to the Chairman / Managing Director of all Public & Private Sector Scheduled Commercial Banks regarding Union Budget – 2016-17 Interest Subvention Scheme.

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Posted in FEMA & RBI

Implementation of Indian Accounting Standards (Ind AS)
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RBI has issued Notification No. 34 dated August 04, 2016 to all India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) regarding Implementation of Indian Accounting Standards (Ind AS).

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Posted in FEMA & RBI

Dishonour of cheques – Modification in procedure
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RBI has issued Notification No. 33 dated 04th August, 2016 to All Scheduled Commercial Banks (Including RRBs) regarding Dishonour of cheques – Modification in procedure

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Posted in FEMA & RBI
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