"23 November 2021" Archive

FM inaugurates Income Tax Office cum Residential complex in Srinagar

The Income Tax Department’s new Office-cum-Residential complex, ‘The Chinars’, at Srinagar, Jammu & Kashmir, was inaugurated today i. e. 22.11.2021 by hon’ble Finance Minister Smt. Nirmala Sitharaman in the presence of Lieutenant Governor of Jammu & Kashmir Sh. Manoj Sinha....

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Posted Under: Income Tax |

Import of wireless equipment by Telecom Service Providers based on self-declaration

Instruction No. 23/2021-Customs 23/11/2021

Applicant shall submit all the relevant details on Saralsanchar Portal atleast 30 days in advance from the date of destination port entry. Applicant can immediately download a system generated certificate after online payment of fees of Rs. 500 and self-declaration....

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Information note on Pre-Packed Insolvency Resolution Plan:

Before the initiation of PPIRP, the Corporate Debtor has to present the base resolution plan to the financial creditors. It could come from promoters if they are eligible under section 29A of the IBC....

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Posted Under: Income Tax |

RBI Caution against various Co-operative societies using the word “Bank” in their names

Press Release: 2021-2022/1230 22/11/2021

It has come to the notice of RBI that some Co-operative Societies are using the word Bank in their names in violation of Section 7 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) (the BR Act, 1949)....

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RBI announces Draft Scheme of Amalgamation of PMC Bank with Unity Small Finance Bank

Press Release: 2021-2022/1231 22/11/2021

Reserve Bank of India has today placed in public domain a draft scheme of amalgamation of The Punjab and Maharashtra Cooperative (PMC) Bank with Unity Small Finance Bank Ltd. (USFB), a banking company incorporated in India under Companies Act, 2013, and having its Registered Office in New Delhi. USFB has commenced operations with effect f...

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Segregation & Monitoring of Collateral at Client Level – Extension of timeline

Circular No. SEBI/HO/MRD2/DCAP/P/CIR/2021/667 23/11/2021

SEBI issued Circular No. SEBI/HO/MRD2/DCAP/P/CIR/2021/667 | Dated: November 23, 2021 on Segregation and Monitoring of Collateral at Client Level. SEBI  decided that provisions of the circular no. SEBI/HO/MRD2_DCAP/CIR/2021/0598 dated July 20, 2021 (apart from provisions of Paragraphs 4 and 5) shall come into force with effect from Februa...

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RBI Working group: Digital lending

Reserve Bank of India constituted a working group on digital lending on January 13, 2021 to study digital lending activities undertaken by both regulated financial sector and unregulated players to develop a regulatory approach for easy working. Its report running 151 pages is now available. It has 5 sections with the following broad cont...

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Posted Under: Income Tax |

Last date extended for applications for allocation of TRQ under India-Mauritius CECPA

Public Notice  No. 38/2015-2020-DGFT [F.No.01/93/180/63/AM-21/PC-2[B]/E-27749] 22/11/2021

The last date for submission of online applications for allocation of Tariff Rate Quota (TRQ) under India-Mauritius CECPA for the current financial year 2021-22, has been extended from 31.12.2021 to 31.01.2022...

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SEBI Master Circular on Scheme of Arrangement by Listed Entities

Master Circulars No. SEBI/HO/CFD/DIL1/CIR/P/2021/0000000665 23/11/2021

SEBI Master Circular on (i) Scheme of Arrangement by Listed Entities and (ii) Relaxation under Sub-rule (7) of rule 19 of the Securities Contracts (Regulation) Rules, 1957. This Master Circular is a compilation of relevant and updated circulars issued by SEBI which deal with schemes of arrangement and which are operational as on date of [...

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Clarifications on operation of PM CARES for Children Scheme, 2021

SB Order No 33/2021 22/11/2021

Clarifications on operation of PM CARES for Children Scheme, 2021 and circulation of provisional Accounting Procedure for ‘PM CARES for Children Scheme-2021– Regarding....

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November 2021