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How is a Loan Against Property processed?

January 20, 2023 2460 Views 0 comment Print

Today, there are options aplenty for getting funds for any kind of financial emergency. One of the ways to obtain hefty funds is through a loan against property. This type of loan gives you immediate access to funds, while requiring you to pledge your residential or commercial property as collateral.

National Savings (Monthly Income Account) (Amendment) Scheme, 2023 – Interest Rate wef 01.01.2023

January 20, 2023 1683 Views 0 comment Print

National Savings (Monthly Income Account) (Amendment) Scheme, 2023 – deposit on or after 1.1.2023 shall bear interest rate of 7.1% per annum

National Savings Time Deposit (Amendment) Scheme, 2023 – Interest Rate wef 01.01.2023 notified

January 20, 2023 975 Views 0 comment Print

National Savings Time Deposit (Amendment) Scheme, 2023 – One-year deposit to earn Rate of interest 6.6% per annum, 2 years 6.8%, 3 years 6.9% & 5 years to earn 7%

Section 143-A of Negotiable Instrument Act, 1881

January 20, 2023 24783 Views 0 comment Print

As per section 143-A of Negotiable Instrument Act, the court trying an offense under section 138 may order the drawer of the cheque to pay interim compensation to the complainant even where the accused is denying its liability or pleading not guilty to the accusation of the complainant which shall not be exceeding 20% of the amount of the cheque payable within 60 days.

Guidelines on Insurance claims of victims of Landslides in Joshimath, Uttarakhand

January 19, 2023 576 Views 0 comment Print

As you are aware, Subsidence and Landslide have caused loss to property in some areas in the State of Uttarakhand. There is an urgent need for the general insurers to take immediate steps to mitigate the hardships of the affected insured population by ensuring immediate registration and settlement of eligible claims.

Companies (Incorporation) Amendment rules 2023

January 19, 2023 13920 Views 0 comment Print

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi the 19th January, 2023 G.S.R. 42(E). – In exercise of the powers conferred under section 3, section 4, sub-sections (5) and (6) of section 5, section 6, sub-sections (1) and (2) of section 7, sub-sections (1) and (2) of section 8, clauses (a) and (b) […]

CBIC notifies Customs Exchange rate for Import & Export wef 20.01.2023

January 19, 2023 1473 Views 0 comment Print

CBIC notifies Customs Exchange rate for Import & Export with effect from 20th January, 2023 vide Exchange rate vide Notification No. 05/2023 – Customs (N.T.) Dated 19th January, 2023. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 05/2023 – Customs (N.T.) | Dated: 19th […]

IBBI warns ACVA to be extremely careful & diligent in its organizational processes

January 18, 2023 411 Views 0 comment Print

The valuation profession thrives on the trust of the market and stakeholders. A registered valuer organization being the frontline regulator for valuation profession has crucial responsibility to retain and improve this trust. In order to impart justiciability to its functions, a registered valuer organization must have requisite infrastructure capability and institutional integrity. The organizational process […]

Disclosures by Fund Management Entities for Environmental, Social or Governance (ESG) Schemes

January 18, 2023 693 Views 0 comment Print

In order to promote consistency, comparability and reliability in disclosures concerning ESG schemes and ensure ESG schemes in IFSC are true to their label, IFSCA has issued a circular today requiring ESG schemes to make certain initial and periodic disclosures.

Penalty imposed for non-filing of Special resolution in MGT-14

January 16, 2023 5370 Views 0 comment Print

MCA concluded that the company and its Officers in default are liable for penalty under Section 117(2) of the Companies Act, 2013 for non-filing of Special resolution in MGT-14, which attracted non compliance of the provisions of Section 117(1) of the Companies Act, 2013 and the undersigned has reasonable cause to believe that the company […]

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