CS UPDATE FEBRUARY 14, 2014

“ACTION IS A GREAT RESTORER AND BUILDER OF CONFIDENCE. INACTION IS NOT ONLY THE RESULT, BUT THE CAUSE, OF FEAR. PERHAPS THE ACTION YOU TAKE WILL BE SUCCESSFUL; PERHAPS DIFFERENT ACTION OR ADJUSTMENTS WILL HAVE TO FOLLOW. BUT ANY ACTION IS BETTER THAN NO ACTION AT ALL.”

 

-DR. NORMAN VINCENT PEALE

RBI UPDATE

TERM REPO UNDER LIQUIDITY ADJUSTMENT FACILITY- OPERATIONAL GUIDELINES (NOTIFICATION NO. RBI/2013-14/491 FMD.MOAG. NO.98/01.01.009/2013-14 DATED FEBRUARY 13, 2014)

 

 

CENTRAL REPOSITORY OF INFORMATION ON LARGE CREDITS (CRILC) – REVISION IN REPORTING (NOTIFICATION NO. RBI/2013-14/492 DBS.NO.OSMOS. 9862 /33.01.018/2013-14 DATED FEBRUARY 13, 2014)

 

SEBI UPDATE

SEBI BOARD MEETING (PR NO. 12/2014 DATED 13 FEBRUARY 2014)

 

 

TAX UPDATE

CLARIFICATION REGARDING DISALLOWANCE OF EXPENSES UNDER SECTION 14A OF THE INCOME-TAX ACT IN CASES WHERE CORRESPONDING EXEMPT INCOME HAS NOT BEEN EARNED DURING THE FY -REGARDING. (CIRCULAR NO.  CIRCULAR NO. 5/2014 DATED FEBRUARY 11, 2014)

 

CLARIFICATION REGARDING SCOPE OF ADDITIONAL INCOME-TAX ON DISTRIBUTED INCOME UNDER SECTION 115R OF THE INCOME-TAX ACT -REGARDING (CIRCULAR NO.  CIRCULAR NO. 6/2014 DATED FEBRUARY 11, 2014)

 

LEGAL TERM OF THE DAY

Abatement”

Removal or destruction, of a nuisance; failure; premature end; suspension or diminution of an action or of a legacy.

SPECIFIC UPDATE

ARTICLES INVITED FOR CHARTERED SECRETARY – GUIDELINES FOR AUTHORS

ARTICLES INVITED FOR SPECIAL ISSUES OF CHARTERED SECRETARY

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http://www.icsi.edu/Member/CSUpdate.aspx

Directorate of Perspective Planning & Professional Development, The ICSI. Email:  csupdate@icsi.edu