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Changes in Branch Names of Merged PSU Banks from April 1, 2020

March 28, 2020 4779 Views 1 comment Print

RBI issues Press Rleases on 28.03.2020 specifying that Branches of Allahabad Bank to operate as branches of Indian Bank from April 1, 2020, Branches of Andhra Bank and Corporation Bank to operate as branches of Union Bank of India from April 1, 2020, Branches of Oriental Bank of Commerce and United Bank of India to […]

Advance to EPF members in crisis situation emerging due to COVID-19 pandemic

March 28, 2020 3096 Views 2 comments Print

The Covid-19 has been declared a Pandemic by Government of India for the entire country and therefore the members of the EPF have become eligible for the benefits of non-refundable advance under the sub-para 68(3)(L) which has come into force vide Ministry of Labour, Govt of India Notification GSR 225 (E) dated 27.03.2020 as published in the Gazette of India (Extraordinary) Part II- Section 3-sub section (1) on 28.03.2020.

Draft IBBI (Insolvency Professionals) (Amendment) Regulations, 2020

March 28, 2020 789 Views 0 comment Print

1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2020. (2) They shall come into force on the 28th March, 2020.

Govt notifies annual quota for fiscal year 2020–21 for Peas, Moong, Tur

March 28, 2020 2355 Views 0 comment Print

Central Government hereby notifies the annual quota for the fiscal year 2020–21 for Yellow Peas, Grean Peas, Moong (Beans of the SPP Vigna Radiata (L.) Wilczek) and Tur/Pigeon peas (Cajanus cajan). MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 28th March, 2020 S.O. 1225(E).—In exercise of powers conferred by section 3 […]

Summary of recent Notification/ Circular/ Advisories Issued by MCA

March 28, 2020 5472 Views 2 comments Print

Notification/ Circular/ Advisories Issued by the Ministry of Corporate Affairs in view of COVID-19 outbreak 1. Special Measures under Companies Act, 2013 (CA-2013) and Limited Liability Partnership Act, 2008 in view of COVID-19 outbreak In order to support and enable Companies and Limited Liability Partnerships (LLPs) in India to focus on taking necessary measures to […]

Print out of Final Bill of Entry– A Facilitation Measure During breakout of COVID-19

March 27, 2020 9003 Views 0 comment Print

As per the current practice, the importers or their representatives have to queue up before the CMC Service Centre, JNCH, to collect the print out of the out of charged Bills of Entry.

Request for Waiver of Late Fee Charges in Bills of Entry via e-mail

March 27, 2020 5673 Views 0 comment Print

Request for Amendments and Waiver of Late Fee Charges in the Bills of Entry through e-mail procedure as facilitation during outbreak of COVID-19-reg

Legal Entity Identifier: Extension of deadline to 30.09.2020

March 27, 2020 2304 Views 0 comment Print

In the context of the difficulties arising from the outbreak of novel coronavirus disease (COVID-19), and with a view to enabling smoother implementation of the LEI system in non-derivative markets, the timeline for implementation (Phase III) is extended

COVID-19 – RBI Regulatory Package

March 27, 2020 7203 Views 0 comment Print

The rescheduling of payments, including interest, will not qualify as a default for the purposes of supervisory reporting and reporting to Credit Information Companies (CICs) by the lending institutions. CICs shall ensure that the actions taken by lending institutions pursuant to the above announcements do not adversely impact the credit history of the beneficiaries.

RBI Circulars on Change in Repo/Reverse Repo Rates dated 27.03.2020

March 27, 2020 2703 Views 0 comment Print

As announced in the Seventh Bi-monthly Monetary Policy Statement, 2019-20, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 75 basis points from 5.15 per cent to 4.40 per cent with immediate effect.

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