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Central Government hereby appoints the 22nd day of November, 2016, as the date on which the provision of section 229 (Power to recover arrears of penalty.) of the said Act shall come into force.
#Demonetisation Traders registered with APMC markets / mandis can draw up to 50,000 and Farmers allowed to draw upto ₹ 25000/- per week in cash
#Demonetisation-To enable wedding celebration by parents of their wards RBI allowed cash withdrawals upto Rs. 2.50 Lakh from bank a/cs for wedding expenses
#Demonetisation -It has been decided to provide an additional 60 days beyond what is applicable for recognition of a loan account as substandard
#Demonetisation -Holders of current / overdraft / cash credit accounts, which are operational for last 3 months or more, may now withdraw upto ₹ 50000 in cash, in a week.
Banks have since reported that such exchange/deposits effected from November 10, 2016 upto November 18, 2016 amounted to ₹ 5,44,571 crore (exchange amounted to ₹ 33,006 crore and deposits amounted to ₹ 5,11,565 crore). They have also reported that the public have withdrawn, during this period, ₹ 1,03,316 crore from their accounts either over the counter or through ATMs.
Under IRDA Staff (Officers and Employees) Regulations, 2016, following Holidays will be observed by all offices of IRDA during calendar year 2017
The invoice based monthly returns for the financial year 2016-17 are being filed by the eligible registered dealers form 29th August 2016. The Trade Circular No. 22 T of 2016 dt. 26th August 2016 was issued describing the procedure of filing the returns in new formats. The Trade Circular also mentioned the extended dates of return filing for the purpose of late fee exemption for the period from April 2016 onwards.
Board hereby makes following Regulations to provide a framework for regulation of insolvency professional agencies in terms hereof, namely- Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) Regulations, 2016.
Insolvency and Bankruptcy Board of India hereby makes the following Regulations, namely -Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016.
