9 December 2019

Search Results for Tag : Accounts


Opportunity to decide NPA classification on account-basis slips by(11.04.2016)

A borrower having repaid all of the principal sum but with more than 20 per cent of interest remaining cannot escape the provisions of the SARFAESI Ac.....

Tags : non-performing asset, classification, multiple accounts, borrower


The findings cannot be said to be perverse unless it is found that some relevant evidence has not been considered or that certain inadmissible material has been taken into consideration(03.01.2018)

In facts of present case, Defendants awarded to the Plaintiff the construction work of Thana Kot-Naina Devi OFC route. The Plaintiff started the execu.....

Tags : Contract, Accounts, Settlement


Notifications & Circulars

Reporting of U.S. Tax Identification Numbers (TINs) for pre-existing accounts by Financial Institutions(15.01.2018)

India and USA have signed the Inter-Governmental Agreement (IGA) under FATCA in 2015. To enhance the effectiveness of information exchange and transpa.....

Tags : Tax Identification Numbers, (TINs), Accounts, Financial Institutions


Pradhan Mantri Fasal Bima Yojana(17.03.2016)

The Central government approved the Pradhan Mantri Fasal Bima Yojana, which will replace the existing National Agricultural Insurance Scheme and Modif.....

Tags : Agricultural insurance, pmfby, duplicate accounts


Department of Financial Services advises all Banks to take immediate steps to put restrictions on bank accounts of over two lakh 'struck off' companies(05.09.2017)

Government has stepped up decisive action against companies falling within the ambit of Section 248 of the Companies Act. The names of 2,09,032 compan.....

Tags : Bank accounts, Companies, 'Struck off'


Provisioning pertaining to Fraud Accounts(18.04.2016)

Reserve Bank of India notified amendments to provisions in respect of Fraud Accounts. Banks making good amounts upon detection of fraud can adjust fin.....

Tags : fraud accounts, banks, adjustment, profit and loss


Amendment in Rule 114H of Income-tax Rules, 1962(22.06.2016)

Rule 114H of the Income Tax Rules 1962 has been amended to provide sufficient time to reporting financial institutions for completing due diligence in.....

Tags : Income tax rules, reportable accounts, deadline


Accounts under PMJDY – Precautions(29.11.2016)

Please refer to our circular DCM (Plg) No.1424/10.27.00/2016-16 dated November 25, 2016 on "Withdrawal of cash - Weekly limit". With a view to protect.....

Tags : Operation, Accounts, Limit


Enhancement of withdrawal limits from ATMs and Current Accounts(16.01.2017)

Please refer to our circulars DCM (Plg) No. 1274, 1317, 1437 and 2142/10.27.00/2016-17 dated November 14, 21 and 28 and December 30, 2016, respectivel.....

Tags : Limits, Withdrawal, Accounts


Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year(16.03.2017)

The Government of India has desired that all government transactions with banks must be accounted for within the same financial year and has requested.....

Tags : Transaction, Accounts, Closing


Annual Report of Telecom Regulatory Authority of India for the year 2017-2018(21.02.2019)

The Annual Report of Telecom Regulatory Authority of India for the year 2017-18 detailing activities of the Authority, certified accounts and the audi.....

Tags : Annual Report, TRAI, Accounts, Audit report


Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2018-19)(28.03.2019)

With a view to providing greater convenience to tax payers, as in previous years, it has been decided that RBI Offices and all designated branches of .....

Tags : Government Accounts, Annual Closing, Transactions of



Reserve Bank of India Eases Norms for No-Frills Accounts(11.06.2019)

Reserve Bank of India has eased the norms for the Basic Savings Bank Deposit (BSBD) accounts popularly known as no-frills accounts by allowing banks t.....

Tags : Reserve Bank of India, No-Frills Accounts


NGT: Industries will have to Recycle and Maintain Water Accounts(07.10.2019)

National Green Tribunal has issued a directive wherein slaughterhouses, food processing units and other industries from where large quantities of effl.....

Tags : NGT, Water Accounts


Supreme Court Pulls Up Delhi, Centre for ‘Sorry State of Affairs’(07.10.2019)

Supreme Court has while expressing deep anguish over the authorities in Delhi, including the Centre and the AAP Government, fighting with each other w.....

Tags : NGT, Water Accounts


Supreme Court Restrains I-T Department from Reassessing NuPower Accounts(11.10.2019)

Supreme Court has disallowed the Income Tax Department’s bid to reassess the accounts of Deepak Kochhar-owned NuPower Renewables to investigate an inv.....

Tags : Supreme Court, NuPower Accounts


Kerala High Court: Salary Accounts With Employer’s Official Bank Not Mandatory(19.05.2017)

Kerala High Court has held that all employees need not have salary accounts with official bank of employer and that official bank can transfer salarie.....

Tags : Kerala High Court, Salary Accounts


Govt: Aadhaar Mandatory for Opening Bank Accounts, Transactions Over Rs. 50,000(19.06.2017)

Government, through a notification amending a prevention of money laundering law, has made it mandatory to provide Aadhaar to open a bank account and .....

Tags : Government, Bank Accounts


RBI to Banks: Pay Interest on Savings Account Every Quarter(16.03.2016)

Reserve Bank of India (RBI) has asked banks to pay interest on their customers’ savings accounts on a quarterly basis or shorter duration.

Tags : Reserve Bank of India, savings accounts


EPFO Decides to Give Interest on Inoperative Accounts from April 1(30.03.2016)

Employees' Provident Fund Organisation (EPFO) has decided to give benefit of accrual of interest on the inoperative accounts, reversing the decision t.....

Tags : Employees' Provident Fund Organisation , Inoperative Accounts


Bombay High Court Quashes Govt Resolution to Shift Teachers’ Salary Accounts(22.02.2018)

Bombay High Court, while terming the decision to shift teachers’ salary accounts from Thane District Central Cooperative Bank to Thane Janata Sahakari.....

Tags : Bombay High Court, Salary Accounts


Non-Residents Not Required to Disclose Their Foreign Bank Accounts: ITAT(26.11.2018)

Income Tax Appellate Tribunal (ITAT), Mumbai has held that the non-residents are not required to disclose the details of their foreign bank accounts a.....

Tags : ITAT, Non Residents Bank Accounts