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 | PPE Safety Kit SITRA Approved | PPE Safety Kit
Latest Circulars »
 Auction of Government of India Dated Securities Jul 13, 2020
 RBI likely to pause rate-cutting cycle in August but it'll be short-term
 Indian Economy at a Crossroad: A view from Financial Stability Angle (Shaktikanta Das, Governor, Reserve Bank of India - July 11, 2020 - at the 7th SBI Banking & Economics Conclave organised by the State Bank of India)
  RBI-Credit flow to Micro, Small and Medium Enterprises Sector
 RBI-Extension of timeline for finalization of audited accounts
  ​Notification of Harmonised Master List of Infrastructure Sub-sectors for the purposes of section 10(23FE) of the Income-tax Act, 1961​
 RBI-Credit flow to Micro, Small and Medium Enterprises Sector
 Extension of timeline for finalization of audited accounts
 Notification under proviso to section 9A(3) of the Income-tax Act, 1961
  Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission
  Master Circular - Disbursement of Government Pension by Agency Banks

Constitution of Special Investigating Team (SIT) Sharing of Information with SIT by Primary (Urban) Cooperative Banks (UCBs)
June, 25th 2014

RBI/2013-14/655
UBD.BPD (PCB) Cir. No. 73/14.01.062/2013-14

June 24, 2014

The Chief Executive Officer,
All Primary (Urban) Co-operative Banks.

Madam / Dear Sir,

Constitution of Special Investigating Team (SIT) – Sharing of Information with SIT by Primary (Urban) Cooperative Banks (UCBs)

In pursuance of the Hon’ble Supreme Court Judgment dated July 4, 2011, Government of India has constituted a Special Investigation Team (SIT) under the Chairmanship of Hon’ble Justice M.B. Shah. In this regard, the Hon’ble Supreme Court has directed that:

“All organs agencies, departments and agents of the State, whether at the level of the Union of India, or the State Government, including but not limited to all statutorily formed individual bodies, and other constitutional bodies extend all the cooperation necessary for the functioning of the Special Investigation Team.

The Union of India and where needed the State Government will facilitate the conduct of the investigations, in their fullest measures, by the Special Investigation Team and functioning, by extending all necessary financial, material, legal, diplomatic and intelligence resources, whether such investigations or portions of such investigations occur inside the country or abroad.”

2. In view of the above, all UCBs are advised to ensure that information/documents required by the SIT are made available as and when required.

Yours faithfully,

(P.K. Arora)
General Manager

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