{"id":5445,"date":"2019-01-08T18:28:51","date_gmt":"2019-01-08T12:58:51","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=5445"},"modified":"2021-12-07T15:55:15","modified_gmt":"2021-12-07T10:25:15","slug":"corporate-professional-updates-on-8th-january-2019","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-professional-updates-on-8th-january-2019\/","title":{"rendered":"RBI Updates on 8th January 2019"},"content":{"rendered":"<p><a href=\"https:\/\/www.caindelhiindia.com\/blog\/banking-complaints-with-rbis-ombudsman\/\"><strong><em><span style=\"text-decoration: underline;\">RBI Updates:<\/span><\/em><\/strong><\/a><\/p>\n<figure id=\"attachment_8630\" aria-describedby=\"caption-attachment-8630\" style=\"width: 621px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/01\/RBI1-k4vE-621x414@LiveMint.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8630\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/01\/RBI1-k4vE-621x414@LiveMint.jpg\" alt=\"www.carajput.com; RBI Update\" width=\"621\" height=\"414\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/01\/RBI1-k4vE-621x414@LiveMint.jpg 621w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/01\/RBI1-k4vE-621x414@LiveMint-300x200.jpg 300w\" sizes=\"(max-width: 621px) 100vw, 621px\" \/><\/a><figcaption id=\"caption-attachment-8630\" class=\"wp-caption-text\">www.carajput.com; RBI Update<\/figcaption><\/figure>\n<ul>\n<li style=\"text-align: justify;\">After a great run in building a liquor business of Vijay Mallya is became the poster boy of India in the 21st century. If Banks is blamed partly for the magnitude of the losses in Kingfishers Airlines Default But which remains is present on the doorstep of RBI.<\/li>\n<li style=\"text-align: justify;\">It Increased the Corporate Debt Restructuring Scheme to the services sector too as it attempted to save an airline that was about to run aground instead of flying. Instead of presenting the noble intentions, it was his fate that during the Extension of that restructuring provision might be justified in the absence in the Law of Bankruptcy, its still Reflecting the regulatory weakness which remains itself to be attracted in the direction of vested intrest Desire.<\/li>\n<li style=\"text-align: justify;\">It leads some inflating up to \u2018Kingfisher Airlines\u2019 Debt and Default. Depositors Money Got Waste and vanished in the air and this fallout was also worse for the bankers also and Also have to Face the jail either they deserve and are responsible of the doing or not. As the Jet Airways, the second biggest domestic carrier, has Defaulted. A few years ago, No one knows about its default. Before some years Its default was not even public. Transparency has increased and the regulator has learnt from mistakes to plug the gaps that borrowers gamed at will.\u00a0At least on paper, \u2018this time is different. The company is now Focusing on the bankruptcy law.<\/li>\n<li style=\"text-align: justify;\">The governor of <a href=\"https:\/\/carajput.com\/rbi-consulting.php\">RBI<\/a> shaktikanta Das said this on Monday dealing with issues of liquidity was one of the central bank\u2019s biggest priorities. However, any infusion would be strictly based on the need to ensure that it was not seen as \u201ceasy money\u201d by the markets. This Happened when Das meets the representative of NBFCs in Mumbai.<\/li>\n<li style=\"text-align: justify;\">RBI constantly monitoring on the situation and will take step whenever a liquidity deficit is Noticed. The RBI will not like a situation where liquidity becomes a kind of loose money. Sometime excess liquidity has adverse consequences.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong><span style=\"text-decoration: underline;\">FAQ\u2019s on financial sector:<\/span><\/strong><\/p>\n<p style=\"text-align: justify;\"><span style=\"text-decoration: underline;\">Ques<\/span>. Does Banks needs to record the details of ATMs as a place of business in the certificate of Registration?<\/p>\n<p style=\"text-align: justify;\"><span style=\"text-decoration: underline;\">Ans<\/span>.\u00a0\u00a0 Banks are not required to provide all the details of ATMs during applying for the registration. In registration, ATMs on its on do not constitute a place of Business as per the <a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">CGST Act, 2017<\/a>.<\/p>\n<p style=\"text-align: justify;\"><span style=\"text-decoration: underline;\">Ques<\/span>. According to the RBI guidelines, third parties ATMs, Business Correspondents (BC), Customer Service Points (CSP) or third party warehouses can be used By the Banks. Does Banks required to include these third party places in their GST Registration?<\/p>\n<p style=\"text-align: justify;\"><span style=\"text-decoration: underline;\">Ans.<\/span> No, Third party places are neither places of Business nor Fixed establishment from where Banks usually carry on their Business. These are Independent service provider to the banks which are subject to GST hence it\u2019s not necessary to declare these places as the place of business by the banks.<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Key Due Dates:<\/strong><\/span><\/p>\n<ul>\n<li>E-Payment of Pf for December is 15th January 2019.<\/li>\n<li>Payment of <a href=\"https:\/\/carajput.com\/tds.php\">TDS<\/a> for purchase of property for December is 30th January 2019.<\/li>\n<li>Quarterly Return for registered person for aggregate turnover 1.5 crore is 31st January 2019.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong><em>\u201cBelieve passionately in what you do, and never knowingly compromise your standards and values. Act like a true professional, aiming for true excellence, and the money will follow.\u201d<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RBI Updates: After a great run in building a liquor business of Vijay Mallya is became the poster boy of India in the 21st century. If Banks is blamed partly for the magnitude of the losses in Kingfishers Airlines Default But which remains is present on the doorstep of RBI. It Increased the Corporate Debt &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[368,6076,6064,6068,6077,6011,387,6071,6072,6075],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5445"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=5445"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5445\/revisions"}],"predecessor-version":[{"id":19560,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5445\/revisions\/19560"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=5445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=5445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=5445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}