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SEBI mandates Disclosure of Complaints against Stock Exchanges/Depositories/Clearing Corporations

November 23, 2021 435 Views 0 comment Print

SEBI  mandates Disclosure of Complaints against the Stock Exchanges (excluding Commodity Derivatives Exchanges)/Depositories/Clearing Corporations vide Circular No. SEBI/HO/MRD1/MRD1_ICC1/P/CIR/2021/664 Dated: November 23, 2021. Securities and Exchange Board of India CIRCULAR SEBI/HO/MRD1/MRD1_ICC1/P/CIR/2021/664 November 23, 2021 To, The Managing Directors / Chief Executive Officers All Recognized Stock Exchanges (excluding Commodity Derivatives Exchanges)/Depositories/Clearing Corporations Dear Sir / Madam, Sub: […]

RBI Caution against various Co-operative societies using the word “Bank” in their names

November 22, 2021 336 Views 0 comment Print

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).

RBI announces Draft Scheme of Amalgamation of PMC Bank with Unity Small Finance Bank

November 22, 2021 762 Views 0 comment Print

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.

GST payable on services provided by Club to its Members against monthly contribution

November 22, 2021 1686 Views 0 comment Print

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 […]

AAR allows ‘Apras Polymers and Engineering Co. Pvt. Ltd.’ to withdraw application

November 22, 2021 834 Views 0 comment Print

‘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.

Food Safety and Standards (Alcoholic Beverages) Amendment Regulations, 2021

November 22, 2021 945 Views 0 comment Print

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 […]

RBI includes Baroda UP Bank in Second Schedule to RBI Act, 1934

November 22, 2021 4032 Views 0 comment Print

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 takes charge as Executive Director, IBBI

November 22, 2021 876 Views 0 comment Print

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.

Appellant can’t be penalized for inability of an advocate who had expired

November 20, 2021 1164 Views 0 comment Print

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 wef 19.11.2021

November 18, 2021 1161 Views 0 comment Print

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, […]

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