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IFSCA Banking Handbook Prudential Directions (PRU)

June 7, 2022 1479 Views 0 comment Print

The IFSCA Banking Handbook- Prudential Directions | 07/06/2022 1. Introduction and Applicability i. These prudential rules apply to IBUs established and operating in IFSC as branches, of Banking Companies1 regulated by their respective Home Regulators. ii. Under the extant IFSCA Banking Regulations, an IBU can be set up and operate only as a branch of […]

No profiteering if all events related to flats taken place in post-GST era

June 7, 2022 525 Views 0 comment Print

Sh. Priyanshu Pathak Vs Forever Buildtech Pvt. Ltd. (NAA) The Authority finds that all the events i.e. the Licences, RERA Certificate, booking, the draw, allotment of flats, BBA, construction activity and receipt of payments has taken place in the post-GST era. It is also clear that the Applicant No. 1 was allotted flat only after […]

Branches of Indian Banks operating in GIFT-IFSC acting as PCM of IIBX

June 7, 2022 876 Views 0 comment Print

Branches of Indian Banks operating in GIFT-IFSC – acting as Professional Clearing Member (PCM) of India International Bullion Exchange IFSC Limited (IIBX)

Updated format of Form DIR-2

June 7, 2022 144321 Views 0 comment Print

Explore the updated format of Form DIR-2, in compliance with Companies (Appointment and Qualification of Directors) Amendment Rules, 2022. Provide your consent to act as a director seamlessly with the revised details.

Proposed Scheme of Education and Training at a Glance through PPT

June 7, 2022 2496 Views 0 comment Print

The Board of Studies (Academic) has prepared a Power Point Presentation on the Proposed Scheme of Education and Training to give a quick insight about the Scheme to all stakeholders.

ICAI set up new Branch in Bhagalpur (Bihar) & Hanumangarh (Rajasthan)

June 6, 2022 2940 Views 0 comment Print

Institute of Chartered Accountants of India notified setting up of Branches of Central India Regional Council in Hanumangarh District (Rajasthan) and in Bhagalpur (Bihar). THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 6th June, 2022 (Chartered Accountants) No. 1-CA (7)/203/2022.— In pursuance of the Regulation […]

Profiteering cannot be alleged for project completed before 01.07.2017

June 6, 2022 576 Views 0 comment Print

Launching of the project, Agreement to sell and Completion Certificate of the project had taken place in the pre-GST regime and hence, there was no post-GST tax rate or ITC structure which could be compared with the pre-GST tax rate and ITC and also the anti-profiteering provisions related to Section 171 were not in existence at that time.

No change in GST rate wef 1.1.2022 on composite supply of works contracts

June 6, 2022 2763 Views 0 comment Print

There is no change in rate of GST with effect from 1.1.2022 on composite supply of works contracts as defined in Section 2(119) of CGST Act, 2017 supplied by way of construction, erection, commissioning, or installation of original works pertaining to railways.

Provisioning for Standard assets by NBFC – Upper Layer

June 6, 2022 2787 Views 0 comment Print

Reserve Bank of India RBI/2022-23/61 DOR.STR.REC.40/21.04.048/2022-23 June 6, 2022 All Non-Banking Financial Companies (Including Housing Finance Companies) Madam / Dear Sir, Provisioning for Standard assets by Non-Banking Financial Company – Upper Layer Please refer to the circular DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22, 2021 on “Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs” wherein it was inter […]

Launching of self-deactivation facility over IIB’s ENVOY portal

June 6, 2022 17142 Views 11 comments Print

As you are aware, ENVOY portal, maintained by Insurance Information Bureau (IIB) is the central database for various categories of insurance sales persons working for insurance industry in India.

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