"31 March 2023" Archive

Interest rates for Small Savings Schemes PPF NSC etc. increased

F.No.1/4/2019-NS 31/03/2023

Interest rates of small saving schemes for the First quarter of financial year 2023-24 starting from 1st April, 2023 and ending on 30th June, 2023. Small saving schemes includes PPF, NSC, Senior Citizen Savings Schemes, Sukanya Samriddhi Account Scheme, Kisan Vikas Patra of GoI....

How Digital Technology can Transform Cost Management

The profession of cost management and cost professional needs sea change to keep the current state of the global economy. Running a business in uncertain economic times has now become routine. Covid, the Ukraine-Russia war, fluctuating inflations, political uncertainty, rising interest rates and liquidity crunch from the backend have led ...

Posted Under: Finance |

Payment of Distribution Fees to Motor Insurance Service Provider

Ref: IRDA/INT/CIR/MISP/083/03/2023 31/03/2023

Payment of Distribution Fees to Motor Insurance Service Provider -Distribution fees payable to MISP shall be as per IRDAI approved policy for payment of commission of insurer....

Guidance note – Board policy of insurer on the commission structure

Circular No. Ref No: IRDAI/INT/CIR/MISC/82/3/2023 31/03/2023

The board policy shall clearly state the objectives and principles that underpin the commission structure. This shall include promoting fair and transparent competition among intermediaries, aligning incentives with customer needs, and encouraging efficient and cost-effective distribution....

IRDAI Circular on Use and File Procedure for Products

Circular No. IRDAI/ACTL/CIR/PRO/81/3/2023 31/03/2023

IRDAI may call for documents in respect of a few products identified on monthly basis from amongst all the life insurers, general insurers and health insurers for examination...

Filing of announcements in XBRL format on BSE listing centre w.e.f. April 01, 2023

Notification No. 20230331-87 31/03/2023

Issuance or forfeiture of securities, split or consolidation of shares, buyback of securities, any restriction on transferability of securities or alteration in terms or structure of existing securities including forfeiture, reissue of forfeited securities, alteration of calls, redemption of securities etc....

Companies (Indian Accounting Standards) Amendment Rules, 2023

Notification No. G.S.R. 242(E). 31/03/2023

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 31st March, 2023 G.S.R. 242(E). — In exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government, in consultation with the National Financial Reporting Authority, hereby makes the following rules further to...

IRDAI Guidelines on Operational Issues pertaining to Regulatory Sandbox

IRDAI/I&AT/GDL/MISC/77/3/2023 31/03/2023

An applicant desiring to promote or implement any innovation in insurance in India shall make an application to IRDAI in Form-RG-1 in any one or more of the categories given in Regulation 4 of IRDAI (Regulatory Sandbox) Regulations, 2019....

Annual BSE Listing Fees revised effective from April 1, 2023

Circular No. 20230331-26 31/03/2023

Exchange has revised its Annual Listing Fees to be paid by the listed entities for listing of its securities on the Exchange. The revision in the Annual Listing Fees is in line with other nationwide stock exchange and shall be effective from April 1, 2023....

Senior Citizens’ Savings (Amendment) Scheme, 2023 – Limit Raised to Rs. 30 Lakh

Notification No. G.S.R.240(E) 31/03/2023

Senior Citizens’ Savings (Amendment) Scheme, 2023 - Limit Raised to Rs. 30 Lakh with effect from 1st April 2023....

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