PGC Newsletter dated 3rd January,2015

1. PGC NEWSLETTER 1
PGC
NEWSLETTER
3rd
January, 2015
THOUGHT OF THE DAY
“The right mindset produces the best results for you. Live from a place of
integrity, honesty and positive mindset and you will achieve your dreams....”
SEBI/CORPORATE UPDATES
 BSE to introduce new function to prevent self trade. The change will be
implemented initially in the equity derivatives segment in the next few weeks.
 President nods to changes in Land Acquisition Act; allows acquisition of land
for private hospitals/schools.
RBI / TAX LAW UPDATES
 RBI issued Notification ref RBI/2014-15/383 DNBR(PD).
CC.No.009/03.10.42/ 2014-15 dated January 2, 2015 to All NBFCs regarding
Obligation of NBFCs under Prevention of Money laundering Act, 2002 -
Client Due Diligence measures.
 RBI issued notification ref RBI/2014-15/381 DPSS.CO. AD.No.1204/ 02.27.
005/2014-15 dated January 2, 2015 to all the entities authorised under PSS
Act, 2007 regarding Brand/Name of products offered by authorised entities –
Dissemination of Information.
 RBI issued notification ref. RBI/2014-15/380 DPSS. CO.AD. No.1195/
02.27. 005/2014-15 dated January 2, 2015 To All Payment System Providers,
System Participants and Prepaid Payment Instrument Issuers regarding Anti-
Money Laundering (AML) / Combating of Financing of Terrorism (CFT) –
Standards.
 RBI issued notification ref RBI/2014-15/382 FIDD.CO.LBS.BC.No.
47/02.01.001/2014-15 dated January 2, 2015 to CMDs of all SLBC Convenor
Banks and Lead Banks regarding Roadmap-Provision of Banking Services in
Villages with Population below 2000.
 RBI signs Statement of Co-operation for Supervisory Co-operation and
Exchange of Supervisory Information with US Financial Regulators (Press
Release: 2014-2015/1398 dated 02 Jan 2015).
 Notification No.F.5(54)/Policy/VAT/2013/PF/659-670 dated 02/01/2015
issued by DEPARTMENT OF TRADE & TAXES regarding Amendments in
Sixth Schedule of the Delhi Value Added Tax Act, 2004.
 Notification No. 91/2014 issued by CBDT regarding Income-tax (Dispute
Resolution Panel) (First Amendment) Rules, 2014.
MARKET UPDATES
SENSEX
27,887.90 380.36
CNX NIFTY
8,395.45 111.45
DOLLAR/ RUPEE
63.29 -0.07.
MCX SILVER
36,429.00 76.00
MCX GOLD
26,727.00 27.00
MCX CRUDE OIL
3,390.00 -10.00
Dow Jones Industrial
average
17,832.99 9.92
Nasdaq Composite
4,726.81 -9.24
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