The RBI has introduced a revised framework governing agency and referral arrangements, strengthening consumer protection and imposing stricter compliance obligations on commercial banks.
The Directions require banks to publicly disclose third-party arrangements on websites and digital channels while restricting integration of referral products into banking platforms. The ruling promotes informed customer choice and operational clarity.
Increasing use of RERA data by tax authorities makes alignment between project disclosures and income tax reporting essential to avoid notices, additions, and penalties.
The RBI has overhauled the framework governing agency and referral activities of Payments Banks, introducing stronger customer protection measures and stricter operational boundaries.
The RBI has updated the regulatory framework governing agency and referral activities of Regional Rural Banks, emphasizing customer protection, transparency, and responsible business practices.
This article explains when the obligation to pay maintenance charges arises and how recent RERA rulings clarify that possession and enjoyment of common amenities trigger financial responsibility.
The RBI has updated the regulatory framework governing agency and referral arrangements of Rural Co-operative Banks. The amendments stress customer protection, responsible conduct, and fee-based operations without risk participation.
The dispute concerned whether dividend received on capital reduction by a foreign subsidiary could trigger restrictions under Section 115BBDA. ITAT held that the statutory conditions of Section 115BBDA were not satisfied, and therefore the assessment order could not be treated as erroneous or prejudicial to revenue.
Karnataka RERA’s decision to make quarterly project updates publicly accessible empowers stakeholders with reliable information on construction progress and financial compliance. The key takeaway is the shift from passive reporting to meaningful transparency.
The RBI has revised the framework governing agency and referral businesses undertaken by UCBs. The amendments focus on responsible conduct, transparency, and enhanced customer safeguards.
