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Agreement having unsigned Arbitration Clause can be referred to Arbitration: HC

August 25, 2022 1305 Views 0 comment Print

In the present case, the Agreement has indeed been signed by the respondent, who himself resists the appointment of an arbitrator thereunder.

Issuance of Debit Cards by IFSC Banking Units (IBUs)

August 25, 2022 675 Views 0 comment Print

i. IBUs may issue Debit cards to their customers holding a Current or Savings account with them. ii. Withdrawal of cash in IFSC, using Debit cards issued by IBUs, is not permitted. Withdrawal of cash using Debit cards issued by IBUs, in jurisdictions outside IFSC, is permitted subject to the rules and regulations of the said jurisdiction.

AMCs shall ensure scheme wise disclosure of investments: SEBI

August 25, 2022 1125 Views 0 comment Print

Securities and Exchange Board of India Circular No. SEBI/HO/IMD/DOF2/P/CIR/2022/111 | Dated: August 25, 2022 To All Mutual Funds/ All Asset Management Companies (AMCs)/ All Trustee Companies/ Boards of Trustees of Mutual Funds/ Association of Mutual Funds in India (AMFI) Dear Sir/ Madam, Subject: Disclosure requirement for Asset Management Companies (AMCs) 1. SEBI has amended the definition […]

Filing of 9 forms in MCA21 Version-3.0 to go live from 01.09.2022

August 25, 2022 2103 Views 0 comment Print

09 company forms (CHG-1, CHG-4, CHG-6, CHG-8, CHG-9, DIR-3 KYC, DIR-3 KYC WEB, DPT-3 and DPT-4) to go-live on 01.09.2022 in MCA21 Version-3.0

Gangavaram Port Designated as Customs Port for Unloading & Loading of Goods

August 24, 2022 903 Views 0 comment Print

CBIC issued Notification No. 01/2022 (Customs) (NT) (VSP) on August 24, 2022, declaring Berth No.: 9 at Gangavaram Port as a proper place for unloading imported goods and loading export goods, including empty containers and containerized goods. This amendment expands the customs area at Gangavaram Port, facilitating smoother import and export operations. Read more for a detailed analysis of the notification and its implications.

Foreign Exchange Management (Overseas Investment) Directions, 2022

August 22, 2022 8997 Views 0 comment Print

RESERVE BAK OF INDIA RBI/2022-2023/110 A.P. (DIR Series) Circular No.12 August 22, 2022 All Category – I Authorised Dealer Banks Madam/Sir Foreign Exchange Management (Overseas Investment) Directions, 2022 Overseas investments by persons resident in India enhance the scale and scope of business operations of Indian entrepreneurs by providing global opportunities for growth. Such ventures through […]

Foreign Exchange Management (Overseas Investment) Rules, 2022

August 22, 2022 55755 Views 0 comment Print

(1) These rules may be called the Foreign Exchange Management (Overseas Investment) Rules, 2022. (2) They shall come into force on the date of their publication in the Official Gazette.

Customs (Compounding of Offences) Amendment Rules, 2022

August 22, 2022 3465 Views 0 comment Print

Offences specified under Section 135AA of Custom Act – One lakh rupees for the first offence, to be increased by hundred per cent of this amount for each subsequent offence.

CBDT amends rule 17CB to replace words ‘trust or institution’ with ‘specified person’

August 22, 2022 1512 Views 0 comment Print

CBDT amends rule 17CB to replace words ‘trust or institution’ with ‘specified person’ vide Notification No. 101/2022-Income Tax | Dated: 22nd August, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 101/2022-Income Tax | Dated: 22nd August, 2022 G.S.R. 647(E).—In exercise of the powers conferred by sub-section (2) of section 115TD […]

RBI Branch Authorisation Policy – Left Wing Extremism affected districts

August 22, 2022 1341 Views 0 comment Print

Government of India has further reduced the list of Left Wing Extremism affected districts affected district to 70 from earlier 90. RESERVE BANK OF INDIA RBI/2022-23/109 DOR.AUT.REC.62/22.01.001/2022-23 August 22, 2022 All Domestic Scheduled Commercial Banks (excluding Regional Rural Banks, Payments Banks and Local Area Banks) Madam/Dear Sir, Section 23 of the Banking Regulation Act, 1949 […]

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