RBI imposes Directions on Jijamata Mahila Sahakari Bank Ltd, Satara – Only Rs.1000 withdrawal is allowed

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It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has issued certain Directions to … Read more

Indirect Tax Revenue collections during April-June 2015 increase by 37.4 % over the corresponding period

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Indirect Tax Revenue (Provisional) collections during April-June 2015 increase from Rs.1,12,094 crore to Rs 1,53,980 Registering an Increase of 37.4 % over the corresponding period ( April-June 2014) in the last financial year.   The overall growth in Indirect Tax Revenue (Provisional) collections during the first quarter of current fiscal  year ,ie April-June 2015 have increased … Read more

Result of the C A Final Examination held in May 2015 and CPT held in June, 2015 are likely to be declared on 16th July, 2015

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  http://www.caresults.nic.in Arrangements have also been made for the students of Final Examination and Common Proficiency Test (CPT) desirous of having results on their e-mail addresses to register their requests at the above website, i.e., http://www.caresults.nic. in from 10th July, 2015. All those registering their requests will be provided their results through e-mail on the … Read more

India and United States Signs Inter Governmental Agreement to Promote Transparency on Tax Matters

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Mr. Shaktikanta Das, Revenue Secretary of India and Mr. Richard Verma, U.S. Ambassador to Indiasigned here today , an Inter Governmental Agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA) to promote transparency between the two nations on tax matters. The agreement underscores growing international co-operation to end tax evasion everywhere. The text of the signed … Read more

Opening the branch or liaison office in India by foreign companies – FAQ

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Q.1. How can foreign companies open Liaison /Branch office in India? Ans. As enlisted below: A. Foreign companies/entities desirous of setting up of Liaison Office / Branch Office (LO/BO) are required to submit their application in Form FNC along with the documents mentioned therein to the General Manager, Foreign Exchange Department, Central Office Cell, Reserve Bank of India, … Read more

Facility to accept payments of under The Maharashtra Tax on the Entry of Goods into Local Areas Act, 2002 through the GRAS Portal is available from 01/07/2015

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8th floor, Vikrikar Bhavan, Mazgaon, Mumbai – 400010. ———————— No. ACST (PT)/e- payment through GRAS/15-16/Adm-20/11    Dt: 01/07/2015 Trade Circular No, 9 T of 2015                      Mumbai, Dated: 01/07/2015 Sub: Providing e-payment facility for The Maharashtra Tax on the Entry of Goods into Local Areas Act, 2002. Ref: 1) Trade Circular No 16T of 2014 Dt 17/09/2014 2) … Read more

Shri Sai Urban Cooperative Bank Ltd allow its depositors to withdraw a sum not exceeding Rs.1000, for next six months

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The Reserve Bank of India has issued Directions to Shri Sai Urban Cooperative Bank Ltd., Mukhed, District Nanded, Maharashtra for a period of six months with effect from close of business as on July 01, 2015. According to the Directions, Shri Sai Urban Cooperative Bank Ltd., Mukhed cannot and without prior approval of the Reserve … Read more

The RBI has imposed a monetary penalty of Rs. 5.00 lakh on The Banaskantha Mercantile Co-operative Bank Ltd.

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The Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh (Rupees Five Lakh only) on The Banaskantha Mercantile Co-operative Bank Ltd., Palanpur, Dist. Banaskantha (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As … Read more