Daily Newsletter - April 3, 2024
Latest additions to CAalley:
News Update:
Acts & Regulations:
RBI Master Circulars / Directions for 2024-25
Legal Updates:
News Update:
Mutual Fund KYC with bank statement, utility bill now invalid: Details here
Indirect tax collection for FY24 exceeds RE by handsome margin: CBIC chief
New EPFO rule for you: No need to request for PF transfer on changing jobs
'No change in RBI's stance on underlying exposure to forex derivatives'
Penal charge, interest on your loan? New RBI rules from April 1 - what borrowers should know
NPS has new login rules: here is the step-by-step process
Taxman puts some FPI assessments on hold for more information
Consultants urge govt to allow deals involving foreign currencies via RBI
Concerns abound over NOCLAR proposal to widen auditor duties
Acts & Regulations:
RBI Master Circulars / Directions for 2024-25:
The following Master Circulars / Directions have been published by RBI:
Master Direction on Financial Statements - Presentation and Disclosures
Master Direction on Counterfeit Notes, 2024 - Detection, Reporting and Monitoring
Master Direction on Penal Provisions in reporting of transactions/ balances at Currency Chests
Master Direction on Framework of incentives for Currency Distribution & Exchange Scheme for bank branches including currency chests
Master Direction – Scheme of Penalties for bank branches and Currency Chests for deficiency in rendering customer service to the members of public
Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission
Master Circular - Disbursement of Government Pension by Agency Banks
Master Circular- Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs
Master Circular - Housing Finance for UCBs
Master Circular - Prudential Norms on Capital Adequacy - Primary (Urban) Co-operative Banks (UCBs)
Master Circular on Board of Directors - UCBs
Master Circular - Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
Master Circular – Housing Finance
Master Circular – Basel III Capital Regulations
Master Circular on SHG-Bank Linkage Programme
Master Circular – Lead Bank Scheme
Click here to go to the download the above RBI Master Circulars / Directions
Legal Updates:
Time limit for verification of return of income after uploading [Notification No.2]
Advisory: Self Enablement For e-Invoicing
Export of Onions (under HS Code 07031019) to UAE [Notification No.2]
Export of 1,000 MT of Kala Namak Rice under HS Code 10063090 [Notification No.1]
Directives regarding submission of digitized ANFs, Appendices etc. [Trade Notice No.1]
