RBI A.P.(DIR Series) Circular No. 62 dated 24 May 2007
Non-resident corporates-Escrow account for transfer of shares-The RBI notified all AD Category – I banks that they could permit non-resident corporates to open Escrow account and Special account without prior app [LexDoc Id : 320434]
Government of Maharashtra Trade Circular No. 41T dated 21 May 2007
Refund of value added tax-Adjustment of refund of FY 2006-07 to FY 2007-08-The Commissioner of Sales Tax notified that all dealers who had claimed refund for the year 2006-07 in the return for the period ending on 31 March 20 [LexDoc Id : 320310]
2007
Direct Tax Circular No. 2 dated 21 May 2007
Certification of TDS Certificates by way of digital signatures-Option to deductors to deduct tax at source from salary income-The CBDT, in response to difficulties faced by companies having large number of employees in issuing TDS certificates with manual signatures, allowed [LexDoc Id : 320263]
CBDT
2007
RBI Circular RPCD.CO.RRB.BC.No. 97-03.05.33(F)-2006-07 dated 21 May 2007
Regional Rural Banks-IT-enabled Financial Inclusion-The RBI had directed regional rural banks to offer a basic banking 'no-frills' accounts to target greater financial inclusion so that more people coul [LexDoc Id : 320235]
RBI Circular DGBA.CDD.H-16532-15.15.001-2006-07 dated 21 May 2007
Agency commission-PPF Scheme 1968 and Senior Citizen Savings Scheme (SCSS) 2004-The RBI, in order to bring uniformity in claiming agency commission by agency banks which would in turn facilitate the Public Accounts Departments (PA [LexDoc Id : 320232]
RBI
2007
RBI A.P.(DIR Series) Circular No. 60 dated 21 May 2007
External Commercial Borrowings (ECB)-Revision of the ECB policy-The RBI modified the External Commercial Borrowings (ECB) policy in view of the current macroeconomic situation and experience gained in administering [LexDoc Id : 320230]
RBI
2007
RBI Circular RPCD.CO.RF.AML.BC.No. 96-07.40.00-2006-07 dated 18 May 2007
State and District Central Co-operative Banks-Wire transfers transactions-The RBI issued a set of guidelines that were required to be followed by the State and District Central Co-operative banks while dealing with wire tran [LexDoc Id : 320231]
RBI
2007
RBI A.P.(DIR Series) Circular No. 59 dated 18 May 2007
Investments in unincorporated entities in oil sector abroad-Navaratna Public Sector Undertakings-The RBI notified banks dealing in foreign exchange that the procedure to invest in unincorporated entities for the Navaratna Public Sector Undertaking [LexDoc Id : 320069]
RBI
2007
RBI Circular RPCD.CO.RF.BC.No. 94-07.38.01-2006-07 dated 18 May 2007
State and District Central Co-operative Banks-IT-enabled Financial Inclusion-The RBI had directed state and district central co-operative banks
to offer a basic banking 'no-frills' accounts to target greater financial inclusi [LexDoc Id : 320068]
RBI
2007
RBI Circular UBD.PCB.Cir.No. 44-13.04.000-06-07 dated 18 May 2007
Primary Urban Co-operative Banks-Complaints about excessive interest rates on loans-The RBI directed commercial banks to regulate their interest rates and other charges levied on borrowers of personal loans and advances. Accordingly, [LexDoc Id : 320067]
RBI
2007
RBI Circular RPCD.CO.RF.BC No. 95-07.38.01-2006-07 dated 18 May 2007
State and central co-operative banks-Guidelines on safe deposit lockers / safe custody articles-The RBI notified that a new set of revised guidelines pertaining to safe deposit lockers / safe custody articles had been issued, which superseded its [LexDoc Id : 320066]
RBI
2007
RBI Circular RPCD.No. Plan.BC.10856-04.09.01-2006-07 dated 18 May 2007
Guidelines on lending to Priority Sector-Amendment-The revised guidelines on lending to Priority sector was amended by inserting a new clause pertaining to minority communities under Schedule I, in par [LexDoc Id : 320065]
RBI
2007
RBI A.P.(DIR Series) Circular No. 58 dated 18 May 2007
FEM (Realisation, Repatriation and Surrender of Foreign Exchange) Regns 2000-Period prescribed for surrendering unused foreign exchange-The RBI notified that an Indian resident would be required to surrender all received / realised / unspent / unused foreign exchange to an authorised p [LexDoc Id : 320064]
RBI
2007
RBI A.P.(DIR Series) Circular No. 57 dated 18 May 2007
FEM (Deposit) Regulations 2000-Repatriation of maturity proceeds of FCNR(B) deposits-The RBI notified banks dealing in foreign exchange that they could permit remittance of maturity proceeds of FCNR (B) deposits to third parties outsi [LexDoc Id : 320063]
RBI
2007
RBI Circular DBOD.BP.BC.No. 98-21.01.002-2006-07 dated 17 May 2007
Banks-Exclusion of the Bharat Overseas Bank Ltd.-The RBI notified scheduled commercial banks that the Bharat Overseas Bank Ltd was excluded from the Second Schedule to the Reserve Bank of India Act 1 [LexDoc Id : 320027]
RBI
2007
RBI Circular RPCD.CO.RF.BC.No. 93-07.38.01-2006-07 dated 16 May 2007
State and Direct Central Co-operative Banks-Complaints about excessive interest rates on loans-The RBI directed commercial banks to regulate their interest rates and other charges levied on borrowers of personal loans and advances. Accordingly, [LexDoc Id : 320062]
RBI
2007
RBI Circular DBOD.No. BP.BC.97-21.04.048-2006-07 dated 16 May 2007
Purchase / sale of Non Performing Assets-Amendment to guidelines-The Guidelines issued on purchase or sale of non-performing assets that had been notified vide DBOD.BP.BC.16-21.04.048-2005-06 dated 13 July 2005 wer [LexDoc Id : 320020]
RBI
2007
RBI Circular DBOD.No. BP.1409-21.04.157-2006-07 dated 16 May 2007
Credit Default Swaps-Issuance of draft guidelines-The RBI issued draft guidelines on credit default swaps for comments and feedback from various stake holders. The stake holders were advised to send t [LexDoc Id : 320019]
RBI
2007
RBI Circular RPCD.CO.RRB.BC.No. 92-03.05.28-B-2006-07 dated 15 May 2007
Regional Rural Banks-Complaints about excessive interest rates on loans-The RBI directed regional rural banks to regulate their interest rates and other charges levied on borrowers of personal loans and advances. According [LexDoc Id : 320297]
RBI
2007
RBI Circular RPCD.CO.RRB.BC.No. 91-03.05.33-2006-07 dated 14 May 2007
Regional Rural Banks-Monetary transactions by defaulting companies-The RBI advised regional rural banks that defaulting companies should not be allowed to operate their accounts for monetary transactions. The list of [LexDoc Id : 319926]
RBI
2007
Government of Maharashtra Trade Circular No. 40T dated 14 May 2007
Profession Tax Act 1975-Appointment of officers of the Transport Department-The Commissioner of Profession Tax notified the provisions related to appointment of officers of the Transport Department of Govt. of Maharashtra for [LexDoc Id : 319862]
2007
RBI Circular RPCD.No. PLFS.BC.90-05.04.02-2006-07 dated 10 May 2007
Banks-Short-term production credit to farmers-The public sector banks were advised to immediately submit their estimates of short-term production credit to farmers up to Rs.3 lakh for Kharif and R [LexDoc Id : 319749]
RBI
2007
RBI Circular DBOD.IBD.BC.No. 23.37.001-2006-07 dated 10 May 2007
Scheduled commercial banks-Credit/non-credit facilities to JV/WOS abroad-The RBI notified scheduled commercial banks that they could extend
funded and/or non-funded credit facilities to wholly owned step-down subsidiaries [LexDoc Id : 319660]
