Allahabad High Court : Deceased Farmer’s Odd Jobs Don’t Bar Family from Scheme Benefits  ||  Secured Creditors' Dues Take Priority Over Govt Claims: Allahabad HC on SARFAESI & RDB Acts  ||  Daughter Can’t Claim Mitakshara Father’s Property if He Died Pre-1956 & Son Survives: HC  ||  Gujarat High Court: Sessions Court Can’t Suspend Sentence Just to Allow Revision Filing  ||  Delhi High Court: Non-Combat Security Roles Crucial; Minor Lapse Risks National Safety  ||  Punjab & Haryana HC: Allegation of Harassment Alone Insufficient to Prove Abetment to Suicide  ||  Orissa HC: Directors Liable under S.138 NI Act Despite Company’s Insolvency  ||  Bombay HC: GST Return Details of Company Exempt from Disclosure under RTI Act  ||  Chhattisgarh HC: Timely Appointment of Electronic Evidence Examiners Vital in Cyber Crime Probes  ||  Bombay HC: GST Return Details of Company Exempt from Disclosure under RTI Act    

Reporting of Bank Guarantee on behalf of service importers discontinued- (Reserve Bank of India) (07 Jul 2016)

MANU/APDR/0046/2016

Banking

The Reserve Bank of India announced the discontinuation of submission of reports on guarantees issued by banks in favour of non-residents service providers.

The move is seen as reducing another compliance burden. However, Authorised Dealer Category-I banks are advised to continue to maintain such records as the same can be called by RBI.

Tags : RBI   BANK GUARANTEE   SERVICE IMPORTER   REPORTING REQUIREMENT  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved