It has come to the notice of RBI that some Co-operative Societies are using the word Bank in their names in violation of Section 7 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) (the BR Act, 1949).
Reserve Bank of India has today placed in public domain a draft scheme of amalgamation of The Punjab and Maharashtra Cooperative (PMC) Bank with Unity Small Finance Bank Ltd. (USFB), a banking company incorporated in India under Companies Act, 2013, and having its Registered Office in New Delhi. USFB has commenced operations with effect from November 1, 2021.
In re Rotary Club of Bombay Queen City (GST AAR Maharashtra) Whether the activity of the applicant i.e. collecting contributions and spending towards meeting and administrative expenditures only, is ‘business’ as envisaged u/s 2(17) of the CGST Act, 2017 and Whether contributions from the members in the Administration Account, recovered for expending the same for […]
‘Apras Polymers and Engineering Co. Pvt. Ltd.’submitted a letter via email dated 16.11.2021 and requested that they may be allowed to voluntarily withdraw their Advance Ruling application filed on 17.06.2021.
These regulations may be called the Food Safety and Standards (Alcoholic Beverages) Amendment Regulations, 2021. They shall come into force on the date of their publication in the Official Gazette. FOOD SAFETY AND STANDARDS AUTHORITY OF INDIA NOTIFICATION New Delhi, the 22nd November, 2021 F. No. Std/SP-21/T(Alcohol-3).—The following draft of certain regulations further to amend […]
We advise that the name of Baroda UP Bank has been included to and names of three erstwhile Regional Rural Banks (RRBs) have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934,
Mr. Sandip Garg took charge as Executive Director, Insolvency and Bankruptcy Board of India (IBBI) in New Delhi today. Immediately before joining IBBI, he was serving as Commissioner (Exemptions), Income Tax, Pune.
Chopra Generators Vs State of Punjab (VAT Tribunal, Punjab) There is a specific provision made by the legislature in its wisdom i.e. Section 64 which enables Appellate Authority to condone; the delay in the interest of justice if it is not filed within stipulated period. The First Appellate Authority has considered the plea raised before […]
CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 19th November, 2021 vide Notification No. 92/2021- Customs (N.T.) | Dated: 18th November, 2021. Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 92/2021 – Customs (N.T.) New Delhi, dated the 18th November, […]
1. SEBI vide Circular No. SEBI/HO/CFD/DIL2/CIR/0/2021 dated November 16, 2021 notified changes to the Master Circular No. SEBI/HO/CFD/DIL1/CIR/P/2020/249 dated December 22, 2020. 2. In this regard, an addendum to the aforesaid Circular dated November 16, 2021 is placed at Annexure 1.
