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Mandatory Leave for Bank Employees Posted in Sensitive Positions or Areas of Operation

July 9, 2021 1569 Views 0 comment Print

The banks shall put in place a ‘mandatory leave’ policy wherein the employees posted in sensitive positions or areas of operation shall be compulsorily sent on leave for a few days (not less than 10 working days) in a single spell every year, without giving any prior intimation to these employees, thereby maintaining an element of surprise.

Shri Pankaj Chaudhary takes charge as MoS in Ministry of Finance

July 9, 2021 1482 Views 0 comment Print

Shri Chaudhary is a Member of Parliament (MP) from Maharajganj in Uttar Pradesh in the 17th Lok Sabha. He is currently serving his sixth term as an MP. Active in public service for over three decades, Shri Chaudhary has also held the post of Deputy Mayor of Gorakhpur in the past.

Mutual Fund to provide justification for not exercising put option

July 9, 2021 495 Views 0 comment Print

If the put option is not exercised by a Mutual Fund, while exercising the put option would have been in favour of the scheme; i. A justification for not exercising the put option shall be provided by the Mutual Fund to the Valuation Agencies, Board of AMC and Trustees on or before the last date of the notice period.

Framework for setting up of ITFS for providing Trade Finance Services at IFSCs

July 9, 2021 1539 Views 0 comment Print

Framework for setting up of International Trade Financing Services Platform (‘ITFS’) for providing Trade Finance Services at International Financial Services Centres (‘IFSCs’).

IGST payable on R&D services on goods physically made available by foreign entities

July 9, 2021 5664 Views 0 comment Print

In re Hilti Manufacturing India Pvt.Ltd. (GST AAR Gujarat) On careful reading of the Service contract between the applicant and service receiver, applicant’s submissions, even those during the personal hearing, we find that goods were sent by Hilti Aktiengesellschaft (hereinafter referred to as recipient) to the applicant which are required to be made physically available […]

Karad takes charge as Minister of State in Ministry of Finance

July 8, 2021 1389 Views 0 comment Print

Dr Bhagwat Kishanrao Karad took charge as Minister of State in the Ministry of Finance, here, today. Dr Karad is a first time member of the Rajya Sabha. Active in public service, he has served as Mayor of Aurangabad Municipal Corporation and also as Chairman of Marathwada Legal Development Corporation. Dr Karad is 64 years old and a doctor by profession.

TCS & TDS on Buying and Selling of Bullion & Jewellery

July 8, 2021 96306 Views 0 comment Print

Clarification on Applicability of TCS And TDS on Buying and Selling of Bullion & Jewellery In view of Circular No. 13 of 2021, dated 30/06/2021 issued by Central Board of Direct Taxes, Ministry of finance, with regard to chargeability of TCS Vs TDS. Vide clause 4.9.5(v), following can be concluded.

Notice by ROC Karnataka for removal of name of 120 LLPs

July 7, 2021 795 Views 0 comment Print

In the matter of 120 Limited Liability Partnerships (List Enclosed) Notice by Registrar for removal of name of a Limited Liability Partnership from the Register [Pursuant to Section 75 of the LLP Act, 2008 and sub-rule (1)(b) rend with Sub-Rule(2) of Rule 37 of LLP Rules, 2009] e-mail: [email protected] Ph: 080-25537449 080-25633104 080-25633105(D) GOVERNMENT OF […]

IRDAI (Indian Insurance Companies) (Amendment) Regulations, 2021

July 7, 2021 4134 Views 0 comment Print

IRDAI notifies Insurance Regulatory and Development Authority of India (Indian Insurance Companies) (Amendment) Regulations, 2021 vide Notification No. F. No. IRDAI/ Reg/6/178 /2021 Dated 7th July, 2021. INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 7th July, 2021 Insurance Regulatory and Development Authority of India (Indian Insurance Companies) (Amendment) Regulations, 2021 F. No. […]

Retail & Wholesale trade can migrate to Udyam Registration Portal

July 7, 2021 1071 Views 0 comment Print

It has decided to include Retail and Wholesale trade as MSMEs for the limited purpose of Priority Sector Lending and they would be allowed to be registered on Udyam Registration Portal for the following NIC Codes and activities mentioned against them:

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