"23 March 2021" Archive - Page 3

DGFT introduces new online module for filing of electronic applications for import authorizations

Trade Notice No. 47/2020-21- DGFT 23/03/2021

As part of IT Revamp of its exporter/importer related services, this Directorate now introduces a new online module for filing of electronic, paperless applications for import authorizations with effect from 22.03.2021. All applicants seeking import authorization for restricted items may apply online by navigating to the DGFT website (htt...

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e-Invoicing : Another landmark in GST Roadmap

There have been so many instances of large scale frauds in GST through fictitious billing, bogus registrations etc. e-Invoicing will play a major role in restricting these frauds to a great extent.  e-invoicing has been initiated with effect from 1st October, 2020 (For Aggregate turnover exceeding 500 crores). Later on it was made compul...

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Posted Under: DGFT |

Sending Bulk SMS? Comply with TCCCP Regulations, 2018- SEBI

Press Release No. 14/2021 23/03/2021

All SEBI registered entities including MIIs (which use bulk SMS for providing their services to the investors) are advised to ensure strict compliance with the Telecom Regulatory Authority of India’s (TRAI) Telecom Commercial Communications Customer Preference Regulations, 2018 (TCCCP Regulations). Non-compliance with the provisions of ...

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Inclusion of a new UQC for Metric Million British Thermal Unit

Public Notice No. - 22/2021-JNCH 23/03/2021

Now, based on the representations received from various Natural Gas importers and further direction from the Board, a new unit - Metric Million British Thermal Unit has been added as a standard unit to the list communicated vide the above mentioned advisory number 9/2021 dated 22.03.2021....

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RBI (Amalgamation of Urban Co-operative Banks) Directions, 2020

RBI/DOR/2020-21/75 Master Direction DOR.MAM.No.49/09.16.901/2020-21 23/03/2021

(a) These Directions shall be called the Reserve Bank of India (Amalgamation of Urban Co-operative Banks) Directions, 2020. (b) These directions shall come into effect on the day it is placed on the official website of the Reserve Bank of India (RBI)....

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SEBI amends delivery default norms

Circulars No. SEBI/HO/CDMRD/DRMP/CIR/P/2021/35  23/03/2021

SEBI had received representations from market participants in the commodity derivatives segment for standardization of delivery default norms, strengthening the deterrent mechanism and ensuring adequate compensation to the non-defaulting counterparty....

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Why Should You Buy Term Insurance With Critical Illness Coverage?

In recent times, more people have realized the importance of having financial protection with a term plan. This realization is due to a multitude of factors, such as increased threats to life, a rise in living expenses, and various financial obligations. As a consequence, people need a sound financial plan to face the uncertainty of [&hel...

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Posted Under: DGFT |

Amendment to Master Direction (MD) on KYC Procedure for Implementation of Section 51A of Unlawful Activities (Prevention) Act, 1967

Notification No. RBI/2020-21/110 DOR.AML.REC.48/14.01.001/2020-21 23/03/2021

Reserve Bank of India RBI/2020-21/110 DOR.AML.REC.48/14.01 .001/2020-21 March 23, 2021 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, Amendment to Master Direction (MD) on KYC – Procedure for Implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967 Please refer to Chapter IX (‘Requirements/...

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Dispensing with physical signatures on Life Insurance proposal form allowed

Ref: IRDAI/Life/Cir/Misc/055/03/2021 23/03/2021

Life Insurers are allowed to obtain the customer’s consent through electronic means, i.e., without requiring wet signature on the proposal form, for the business solicited by Individual Agents and Insurance Intermediaries, under all products, till 30th September 2021....

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Modification of Guidelines on Standard Personal Accident Insurance product

Ref: IRDAI/HLT/REG/CIR/058/03/2021 23/03/2021

Insurance Regulatory and Development Authority of India Ref: IRDAI/HLT/REG/CIR/058/03/2021 23rd March,2021. To All General and Standalone Health Insurers Re: Modification of Guidelines on Standard Personal Accident Insurance product 1. Reference is drawn to Annexure-1 (Policy terms and conditions of the product) of Guidelines on Standard ...

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