The Ministry of Finance has updated Customs Notification No. 50/2017 with a 10% BCD on laboratory chemicals. New rules apply from August 1, 2024.
The Reserve Bank of India (RBI) has released a draft framework on alternative authentication mechanisms for digital payment transactions to enhance security in the digital payments ecosystem. Traditionally, SMS-based OTP has been the primary method for additional factor authentication (AFA). However, advancements in technology now offer alternative methods. The draft framework, announced in the RBI’s […]
RBI releases draft directions to enhance security and due diligence for AePS touchpoint operators, aiming to prevent fraud and protect customer interests. Comments open until August 31, 2024.
SEBI clarifies its stance on the T+0 settlement cycle, emphasizing potential savings from ASBA and correcting media misinterpretations about mandatory changes.
Discover NSE’s updated reporting forms and guidelines for Social Enterprises listed on the Social Stock Exchange. Key changes and submission deadlines for FY 2023-24.
RBI allows UCBs to transfer Dividend Equalisation Fund balances to general reserves, enhancing Tier-I capital. New guidelines effective immediately for better capital treatment.
The Reserve Bank of India (RBI) has issued the Master Direction on the Treatment of Wilful Defaulters and Large Defaulters (Directions, 2024) to establish a clear framework for identifying and managing borrowers who deliberately default on their financial obligations. This directive, effective in 90 days, mandates a transparent process for classifying defaulters, including detailed procedures […]
IBBI suspends insolvency professional Rakesh Kumar Gupta for one year due to errors in creditor handling, delays and procedural violations under IBC.
RBI issues final directions on cyber resilience and digital payment security for non-bank Payment System Operators (PSOs) to ensure robust governance and secure transactions.
MCA imposes a Rs. 16.80 lakh penalty on Hygosap Pharma for non-compliance with Section 89 of the Companies Act, 2013, detailing failures in beneficial interest declarations.
