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Archive: 25 June 2021

Posts in 25 June 2021

Framework for undertaking Global/Regional Corporate Treasury Centres Activities by Finance Company/Finance Unit in IFSC

June 25, 2021 966 Views 0 comment Print

Framework for undertaking Global/Regional Corporate Treasury Centres Activities by Finance Company/Finance Unit in IFSC shall apply to a Unit set up in an International Financial Services Centre, which is registered as a ‘Finance Company’ or a ‘Finance Unit’ under the Finance Company Reggulations and is desirous to perform the functions of Global/Regional Corporate Treasury Centre.

IRDAI revokes certificate of Grand Insurance TPA (P) Limited

June 25, 2021 417 Views 0 comment Print

In the light of the violations of Regulation 19(9) of TPA Regulations, the Authority after careful consideration of the seriousness of violations observed and in exercise of the powers vested under Regulation 16(1) of IRDAI (TPA-Health Services) Regulations, 2016, hereby revokes the certificate of registration No. 029 granted to Grand TPA with immediate effect.

RBI directions for Appointment of MD/WTD in Primary (Urban) Co-op Banks

June 25, 2021 3945 Views 0 comment Print

RBI directions for Appointment of Managing Director (MD) / Whole-Time Director (WTD) are applicable to all Primary (Urban) Co-operative Banks (UCBs).

ICAI Partnering MSMEs to Bolster them on Global Map

June 25, 2021 474 Views 0 comment Print

On the occasion, the three very important initiatives for the MSMEs namely ICAI MSME EXCHANGE, ICAI MSME Portal and Certificate course on MSME will be launched.

Amendment to SEBI (Alternative Investment Funds) Regulations, 2012

June 25, 2021 2562 Views 0 comment Print

Existing AIFs may also invest simultaneously in securities of investee companies and in units of other AIFs, subject to appropriate disclosures in the Private Placement Memorandum (PPM) and with the consent of at least two-thirds of unit holders by value of their investment in the AIF in terms of Regulation 9(2) of the AIF Regulations.

Empanelment for promotion to grade of Principal Commissioner of Customs & Indirect Taxes

June 25, 2021 2535 Views 0 comment Print

The Appointments Committee of the Cabinet (ACC) has approved the empanelment of the following officers for promotion to the grade of Principal Commissioner of Customs and Indirect Taxes in the Indian Revenue Service (Central Board of Indirect Taxes and Customs) in Level 15 of the Pay Matrix, for the panel years 2020 (Supplementary Panel) and 2021 (Regular Panel) w.e.f the date of assumption of the charge of the post, and until further orders:

Appointment of Chief Risk Officer in Primary (Urban) Co-operative Banks

June 25, 2021 2487 Views 0 comment Print

The CRO shall be appointed for a fixed tenure with the approval of the Board. The CRO can be transferred / removed from the post before completion of the tenure only with the approval of the Board and such premature transfer / removal shall be reported to the concerned Regional Office3 of Department of Supervision, Reserve Bank of India.

HC declines to hear advocate who was addressing the Court while riding a scooter

June 25, 2021 1854 Views 0 comment Print

Counsel for the petitioner namely Smt Khusboo Devi has tried to address the Court while riding a scooter. The Court therefore declines to hear him. He should be careful in future even if the hearing is to take place through video conferencing.

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