Acquisory news-bytes-05.04.2016
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![April 5, 2016
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News Bytes
I. CORPORATE
RBI
1. Reserve Bank of India (RBI) vide
Notification No. RBI/2015-2016/357
FMOD.MAOG. No. 112
/01.01.001/2015-16 dated 5th April,
2016 has revised the Repo and Reverse
Repo Rate. The Repo Rate has been
revised to 6.50 percent and Reverse
Repo Rate to 6 percent.
https://www.rbi.org.in/Scripts/Notific
ationUser.aspx?Id=10330&Mode=0
2. Reserve Bank of India (RBI) vide
Notification No. RBI/2015-2016/356
FMOD.MAOG. No.113
/01.18.001/2015-16 dated 5th April,
2016 has reduced the Marginal
Standing Facility (MSF) to 7.00 percent.
https://www.rbi.org.in/Scripts/Notific
ationUser.aspx?Id=10329&Mode=0
3. Reserve Bank of India (RBI) vide
Notification No. RBI/2015-16/358
DBR.No.Ret.BC.90/12.01.001/2015-16
dated 5th April, 2016 has revised the
Bank Rate to 7.00 percent.
Also the penal interest rates on shortfall
in reserve requirements that are linked
to the Bank Rate are revised.
Penal interest rates on shortfalls in
reserve requirements (depending on
duration of shortfalls) - Bank Rate plus
3.0 percentage points (10.00 per cent) or
Bank Rate plus 5.0 percentage points
(12.00 per cent).
https://www.rbi.org.in/Scripts/Notific
ationUser.aspx?Id=10331&Mode=0
4. Reserve Bank of India (RBI) vide
Notification No. RBI/2015-16/359
DBR.No.Ret.BC.91 /12.01.001/2015-16
dated 5th April, 2016 has made changes
in the Daily Minimum Cash Reserve
Maintenance Requirement, the
changed Cash Reserve Ratio stands 90
percent effective from the fortnight
beginning 16th April, 2016.
https://www.rbi.org.in/Scripts/Notific
ationUser.aspx?Id=10332&Mode=0
MCA
1. The Ministry of Corporate Affairs
[MCA] has notified e-Form INC 1
(Application for reservation of name)
and e-Form MR 1 (Return of
appointment of MD/WTD/Manager)
w.e.f 6th April, 2016 and the same are
available on MCA21 Portal.
II. TAXATION
Updated version of Form ER 1 and ER 3
available offline in Excel Utility on the
below mentioned link.
centralexcisechennai.gov.in/ACES_Downlo
ad%20Utilities.htm](https://image.slidesharecdn.com/acquisory-news-bytes-05-160407055709/85/Acquisory-news-bytes-05-04-2016-1-320.jpg)
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Acquisory news-bytes-05.04.2016
- 1. April 5, 2016 www.acquisory.com 1 News Bytes I. CORPORATE RBI 1. Reserve Bank of India (RBI) vide Notification No. RBI/2015-2016/357 FMOD.MAOG. No. 112 /01.01.001/2015-16 dated 5th April, 2016 has revised the Repo and Reverse Repo Rate. The Repo Rate has been revised to 6.50 percent and Reverse Repo Rate to 6 percent. https://www.rbi.org.in/Scripts/Notific ationUser.aspx?Id=10330&Mode=0 2. Reserve Bank of India (RBI) vide Notification No. RBI/2015-2016/356 FMOD.MAOG. No.113 /01.18.001/2015-16 dated 5th April, 2016 has reduced the Marginal Standing Facility (MSF) to 7.00 percent. https://www.rbi.org.in/Scripts/Notific ationUser.aspx?Id=10329&Mode=0 3. Reserve Bank of India (RBI) vide Notification No. RBI/2015-16/358 DBR.No.Ret.BC.90/12.01.001/2015-16 dated 5th April, 2016 has revised the Bank Rate to 7.00 percent. Also the penal interest rates on shortfall in reserve requirements that are linked to the Bank Rate are revised. Penal interest rates on shortfalls in reserve requirements (depending on duration of shortfalls) - Bank Rate plus 3.0 percentage points (10.00 per cent) or Bank Rate plus 5.0 percentage points (12.00 per cent). https://www.rbi.org.in/Scripts/Notific ationUser.aspx?Id=10331&Mode=0 4. Reserve Bank of India (RBI) vide Notification No. RBI/2015-16/359 DBR.No.Ret.BC.91 /12.01.001/2015-16 dated 5th April, 2016 has made changes in the Daily Minimum Cash Reserve Maintenance Requirement, the changed Cash Reserve Ratio stands 90 percent effective from the fortnight beginning 16th April, 2016. https://www.rbi.org.in/Scripts/Notific ationUser.aspx?Id=10332&Mode=0 MCA 1. The Ministry of Corporate Affairs [MCA] has notified e-Form INC 1 (Application for reservation of name) and e-Form MR 1 (Return of appointment of MD/WTD/Manager) w.e.f 6th April, 2016 and the same are available on MCA21 Portal. II. TAXATION Updated version of Form ER 1 and ER 3 available offline in Excel Utility on the below mentioned link. centralexcisechennai.gov.in/ACES_Downlo ad%20Utilities.htm
- 2. April 5, 2016 www.acquisory.com 2 For any query: Contact – Sunaina Jhingan Email – Sunaina.jhingan@acquisory.com