I am sure lot of professionals would have across this question that Whether Form DIR-12 needs to be filed in case of Appointment of First Directors through SPICE+ Background to this question: Clause (f) & (g) of sub-section (1) of Section 7 of the Companies Act, 2013, prescribes that detailed particular of the persons mentioned [&hell...
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Shivi Mohan Rastogi Vs CPIO (CIC Delhi) -
Shivi Mohan Rastogi Vs CPIO (CIC Delhi) Central Information Commission (CIC) upon a perusal of records and after hearing submissions of both the parties remarked at the outset that the core premise raised by the Appellant was non-receipt of certified copies of his TDS documents for the averred period. In response to it, the CPIO submitt...
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The Article explains the meaning of debit note credit note under normal commercial practice Vs under GST Law, definition, Act, Q & A under GST, relevant amendment under GST....
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Notification No. RBI/2022-23/146 DOR.CAP.REC.No.86/ 09.18.201/2022-23 -
01/12/2022
UCBs which currently do not meet the minimum net worth requirement, as above, shall achieve the minimum net worth of ₹2 crore or ₹5 crore (as applicable) in a phased manner. Such UCBs shall achieve at least 50 per cent of the applicable minimum net worth on or before March 31, 2026 and the entire stipulated minimum net worth on or bef...
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RBI/2022-23/145 DOR.MRG.REC.87/00-00-020/2022-23 -
01/12/2022
Operations of subsidiaries and branches of Indian banks and All India Financial Institutions (AIFIs) in foreign jurisdictions and in International Financial Services Centers (IFSCs) - Compliance with statutory/regulatory norms...
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RBI/2022-23/144 DOR.REG.No.84/07.01.000/2022-23 -
01/12/2022
Given the heterogeneity in the cooperative sector, a tiered regulatory framework is required to balance the spirit of mutuality and co-operation more prevalent in banks of smaller sizes and those with limited area of operation vis-à-vis the growth ambitions of the large-sized UCBs to spread their area of operation and undertake more comp...
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Notification No.RBI/2022-23/143 DOR.REG.No.85/07.01.000/2022-23 -
01/12/2022
It has been decided to revise the criteria for UCBs to be classified as FSWM. The revised criteria in view of Revised Regulatory Framework for Urban Co-operative Banks (UCBs) released by RBI on July 19, 2022 based on the recommendation of the Expert Committee on Primary (Urban) Co-operative Banks are given in the Annex....
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Circular No. SEBI/HO/DDHS/DDHS-RACPOD2/P/CIR/2022/168 -
01/12/2022
Representation has been received from CRAs requesting for extension of the date of applicability of the standardized industry classification. In view of representation received from CRAs, it has been decided to extend the date of applicability of the standardized industry classification till December 15, 2022....
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RBI/2022-23/142 FMRD.FMSD.06/03.07.25/2022-23 -
01/12/2022
Reserve Bank hereby notifies Modified Mumbai Interbank Forward Outright Rate (MMIFOR) administered by Financial Benchmarks India Pvt. Ltd. (FBIL) as a ‘significant benchmark’....
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Notification No. 41/2022-Central Excise, [G.S.R. 861(E).] -
01/12/2022
CBIC reduces Special Additional Excise Duty (SAED) on Diesel to Rs. 6.50 per litre vide Notification No. 41/2022-Central Excise, Dated: 01.12.2022...
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