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Archive: 09 August 2021

Posts in 09 August 2021

RBI allows banks to continue with MSF relaxation till 31.12.2021

August 9, 2021 690 Views 0 comment Print

RESERVE BANK OF INDIA RBI/2021-22/82 DOR.RET.REC.36/12.01.001/2021-22 August 09, 2021 All Scheduled Banks Madam/Sir Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) – Extension of Relaxation Please refer to circular DOR.No.Ret.BC.36/12.01.001/2020-21 dated February 05, 2021, on Marginal Standing Facility (MSF), wherein the banks were […]

Ensure non-Import of Split Cassia label as Cinnamon: CBIC

August 9, 2021 1398 Views 0 comment Print

Officers handling facilitated consignments or those officers posted at non FSSAI ports, to ensure that Cassia or Split Cassia is not imported with label of Cinnamon or Split Cassia (Cinnamon.)

DGFT notifies quota for export diagnostic kits & their components

August 9, 2021 789 Views 0 comment Print

The quota for export of the following types of diagnostic kits and their components/laboratory reagents has been fixed for the month of July, August and September, 2021

Calendar Spread margin benefit in commodity futures contracts extended to first 6 expiries

August 9, 2021 459 Views 0 comment Print

In case of calendar spreads or spreads consisting of two contract variants having the same underlying commodity (wherein currently 75% benefit in initial margin is permitted), benefit in initial margin shall be permitted when each individual contract in the spread is from amongst the first six expiring contracts.

Juvenile Justice (Care and Protection of Children) Amendment Act, 2021

August 9, 2021 1887 Views 0 comment Print

(1) This Act may be called the Juvenile Justice (Care and Protection of Children) Amendment Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

The Factoring Regulation (Amendment) Act, 2021

August 9, 2021 4035 Views 0 comment Print

Every factor shall register the particulars of every transaction of assignment of receivables in his favour with the Central Registry set-up under section 20 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, within such time from the date of such assignment, in such manner and subject to payment of such fee, as may be prescribed.

All About Know Your Directors’ (DIR-3 KYC)

August 9, 2021 6393 Views 2 comments Print

Directors’ KYC is a new approach initiated by the Ministry of Corporate Affairs (MCA) in the year 2018 to check the existence of Directors of Company/s. This Form updates the KYC of the Directors. This Form needs to be filed every year by the Directors who have been allotted DIN by the MCA before 30th […]

Anti dumping duty on imports of Phthalic Anhydride

August 9, 2021 3693 Views 0 comment Print

Seeks to levy anti dumping duty on imports of Phthalic Anhydride (PAN) originating in or exported from China PR, Indonesia, Korea RP and Thailand for a period of five years. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 9th August, 2021 Notification No. 43/2021-Customs (ADD) G.S.R. 543(E).—:—Whereas, in the matter of “Phthalic Anhydride” […]

SOP for Penalties under Faceless Penalty Scheme-2021

August 9, 2021 23604 Views 0 comment Print

I am directed to convey that the following Standard Operating Procedure (SOP) is prescribed with the approval of CBDT for completing the penalties under the FPS-2021:-

Constitution (One Hundred and Twenty-seventh Amendment) Bill, 2021

August 9, 2021 822 Views 0 comment Print

In order to adequately clarify that the State Government and Union territories are empowered to prepare and maintain their own State List/ Union territory List of SEBCs and with a view to maintain the federal structure of this country, there is a need to amend article 342A and make consequential amendments in articles 338B and […]

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