Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: VAT Audit :: VAT RATES :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: cpt :: TDS
 
 
Latest Circulars »
 Investment under PIS in M/s Claris Lifesciences Ltd. By FII/FPI Investment limit from 24 to 49 per cent and increase in NRI limit from 10 to 24 per cent
  RBI-Interest rates for Small Savings Schemes
  Risk Management and Inter-Bank Dealings – Facilities for Hedging Trade Exposures invoiced in Indian Rupees
 Risk Management and Inter-Bank Dealings – Facilities for Hedging Trade Exposures invoiced in Indian Rupees
 Exim Bank's Government of India supported Line of Credit of USD 1 billion to the Government of Mongolia
 Master Circular –Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public
 Bilingual/Hindi House Magazine Competition for Public Sector Banks/ Financial Institutions – (2016-17)- Inviting Entries
 Master Direction on Issuance and Operation of Prepaid Payment Instruments
 The Bhavana Rishi Co-operative Urban Bank Ltd., Hyderabad, Telangana – Penalised
 RBI launches Quarterly Order Books, Inventories and Capacity Utilisation Survey: July-September (Round 39)
 RBI-Sovereign Gold Bond Scheme (Revised)

Application of Minimum Capital Adequacy Norms to State and Central Cooperative Banks (StCBs/DCCBs)
March, 12th 2016

RBI/2015-16/335
DCBR.CO.RCBD.Cir.No. 12/19.51.012/2015-16

Phalguna 20, 1937
March 10, 2016

The Chairman/Managing Director
All State and Central Cooperative Banks

Dear Sir / Madam,

Application of Minimum Capital Adequacy Norms to State and Central Cooperative Banks (StCBs/DCCBs)

Please refer to the circulars RPCD.CO.RF.BC.40/07.38.03/2007-08 dated December 4, 2007 and RPCD.RCB.BC.73/07.51.012/2013-14 dated January 7, 2014 on the captioned subject.

2. On a review of extant instructions on items eligible for inclusion in Tier I and Tier II capital, it has been decided to permit State and Central Cooperative Banks to also include the following items under Tier I capital:

  1. Contributions received from associate / nominal members where the bye-laws permit allotment of shares to such members and provided there are restrictions on withdrawal of such shares as applicable to regular members.
  1. Contribution / non-refundable admission fees collected from the nominal and associate members which are held separately as 'Reserves' under appropriate head since these are not refundable.
  1. Outstanding amount in Special Reserve created under Section 36(1) (viii) of the Income Tax Act, 1961 if the bank has created Deferred Tax Liability (DTL) on this Reserve.

3. These instructions are applicable from the financial year commenced from April 1, 2015.

Yours faithfully,

(Suma Varma)
Principal Chief General Manager

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions