News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
« Latest Circulars »
 Address by Hon’ble President of India at NIBM Golden Jubilee Celebrations
  Finance Minister addresses the Central Board of Directors of Reserve Bank of India
 Use permanent address for filing income tax returna
 Notification No. 09/2020 Central Board Of Direct Taxesa
 Incentivising Bank Credit to Specific Sectors – Exemption from CRR Maintenance
 Guidelines on Merchant Acquiring Business – Regional Rural Banks
 RBI reopens allotment of investment limit under the revised Voluntary Retention Route (VRR) for Investments by Foreign Portfolio Investors (FPIs)
 Auction of Government of India Dated Securities January 27, 2020
 Investment by Foreign Portfolio Investors (FPI) in Debt
 Process of striking off of a company in India under the Companies Act 2013
 Setting up of IFSC Banking Units (IBUs) – Permissible activities

RBI-Period for Submission of Agency Commission Claims
June, 16th 2017

RBI/2016-17/322
DGBA.GBD.No.3262/31.02.007/2016-17

June 15, 2017

All Agency Banks

Dear Sir

Period for Submission of Agency Commission Claims

Please refer to circular No.DGBA.GAD.1031/31.12.010/98-99 dated May 6, 1999 wherein all agency banks were advised to submit their eligible agency commission claims to the Reserve Bank of India within two quarters from the end of the quarter during which the transactions have been conducted.

2. On a review, it has now been decided to reduce the time period allowed to agency banks to furnish their claim on agency commission to Reserve Bank from two quarters to 90 days from the end of the quarter in which the transactions have been conducted. If the banks fail to lodge the claims within the stipulated period mentioned above they may forward the same only after giving reasons for delay.

3. This will be applicable for the agency commission claims for the quarter ended June 30, 2017 onwards.

Yours faithfully

(Partha Choudhuri)
General Manager

Home | About Us | Terms and Conditions | Contact Us
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting